Cover Stories – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Tue, 18 Sep 2018 09:24:33 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Need of a new roadmap for accelerating growth of Islamic banking http://www.pakistaneconomist.com/2018/09/17/need-of-a-new-roadmap-for-accelerating-growth-of-islamic-banking/ http://www.pakistaneconomist.com/2018/09/17/need-of-a-new-roadmap-for-accelerating-growth-of-islamic-banking/#respond Sun, 16 Sep 2018 20:01:08 +0000 http://www.pakistaneconomist.com/?p=20574 Islamic banking was re-launched in Pakistan with the commencement of operations by Meezan Bank, as a full service Islamic bank more than two decades ago. To avoid the fallout of making an attempt to shift to Shariah-compliant banking from Riba-based banking, the State Bank of Pakistan and other market participants agreed to let the conventional …

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Cryptocurrencies: The future of financial management http://www.pakistaneconomist.com/2018/09/17/cryptocurrencies-the-future-of-financial-management/ http://www.pakistaneconomist.com/2018/09/17/cryptocurrencies-the-future-of-financial-management/#respond Sun, 16 Sep 2018 20:00:39 +0000 http://www.pakistaneconomist.com/?p=20533 Every now and then a technological revolution comes in that provides almost every country in the world an equal playing field. No matter how big or small a country is, it always has the opportunity to leap ahead irrespective of national interests and global events. Of late, the unique opportunity available to every country is …

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An important step for the Islamic Financial Industry of Pakistan: Senate resolution 393 http://www.pakistaneconomist.com/2018/09/17/an-important-step-for-the-islamic-financial-industry-of-pakistan-senate-resolution-393/ http://www.pakistaneconomist.com/2018/09/17/an-important-step-for-the-islamic-financial-industry-of-pakistan-senate-resolution-393/#respond Sun, 16 Sep 2018 19:59:58 +0000 http://www.pakistaneconomist.com/?p=20576 Over the past few years, Pakistan’s economy is facing a bad patch. Some of the economic parameters are at a still and majority of them are deteriorating. The government is unable to fulfil the needs of the population due to this sluggish growth and widening fiscal imbalance. The country’s current account deficit swelled by 43 …

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Five Million Houses Program: Could the Govt become guarantor for the mortgage payments? http://www.pakistaneconomist.com/2018/09/17/five-million-houses-program-could-the-govt-become-guarantor-for-the-mortgage-payments/ http://www.pakistaneconomist.com/2018/09/17/five-million-houses-program-could-the-govt-become-guarantor-for-the-mortgage-payments/#respond Sun, 16 Sep 2018 19:58:06 +0000 http://www.pakistaneconomist.com/?p=20570 Owning a house is a distant dream of millions of Pakistanis, particularly in the urban areas. Way back in 1970s, the general populace heard and believed the slogan of owning a house which according to many could not materialize since there are millions in Pakistan even today who live a life of a vagabond. In …

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Crumbling economy and the juggling bailout options http://www.pakistaneconomist.com/2018/09/17/crumbling-economy-and-the-juggling-bailout-options/ http://www.pakistaneconomist.com/2018/09/17/crumbling-economy-and-the-juggling-bailout-options/#respond Sun, 16 Sep 2018 19:57:11 +0000 http://www.pakistaneconomist.com/?p=20609 New Finance Minister Asad Umar will come up with a strategic plan about fixing external-sector issues. Any delay in seeking a balance-of-payments support program by the International Monetary Fund (IMF) may tremble the confidence in the economy of Pakistan the rupee. Exercising other options to stable the balance of payments needs a long time to …

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Technology will be the game changer for financial inclusion in Pakistan http://www.pakistaneconomist.com/2018/09/17/technology-will-be-the-game-changer-for-financial-inclusion-in-pakistan/ http://www.pakistaneconomist.com/2018/09/17/technology-will-be-the-game-changer-for-financial-inclusion-in-pakistan/#respond Sun, 16 Sep 2018 19:56:31 +0000 http://www.pakistaneconomist.com/?p=20535 With rising mobile phone adoption, maturing 3G/4G telecom services, rapidly growing mobile money solutions and innovative initiatives like QR codes and mobile wallets, the digital landscape of Pakistan is all set to change. Other recent innovations include MasterPass/Fone Pay and SimSim etc. The industry expects the number of merchants to increase to 100,000 from the …

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Mere low discount rate not sufficient enough to underpin economic recovery http://www.pakistaneconomist.com/2018/09/17/mere-low-discount-rate-not-sufficient-enough-to-underpin-economic-recovery/ http://www.pakistaneconomist.com/2018/09/17/mere-low-discount-rate-not-sufficient-enough-to-underpin-economic-recovery/#respond Sun, 16 Sep 2018 19:55:16 +0000 http://www.pakistaneconomist.com/?p=20572 A simple economics concept stipulates that lowering interest rates triggers the spending by the consumers, usually in the shape of the purchase of consumer goods, and it could help the businesses grow since the private sector finds it cheaper to invest and subsequently to pay back to the banks. In the instance of Pakistan economy, …

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Challenges in banking sector of Pakistan http://www.pakistaneconomist.com/2018/09/17/challenges-in-banking-sector-of-pakistan/ http://www.pakistaneconomist.com/2018/09/17/challenges-in-banking-sector-of-pakistan/#respond Sun, 16 Sep 2018 19:54:42 +0000 http://www.pakistaneconomist.com/?p=20567 In last few years, banking system in Pakistan has entered into a new phase of evolution yet facing various issues, where political instability and economic uncertainty remain the main problem. On one side, banks are making profits, defaults are on decline and have surplus liquidity in recent years but on the other side, economic conditions …

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Balochistan’s right to use formal financial services http://www.pakistaneconomist.com/2018/09/17/balochistans-right-to-use-formal-financial-services/ http://www.pakistaneconomist.com/2018/09/17/balochistans-right-to-use-formal-financial-services/#respond Sun, 16 Sep 2018 19:53:55 +0000 http://www.pakistaneconomist.com/?p=20531 Balochistan still lacks proper system of financial inclusion. Simply speaking, it still lacks access to formal financial services including savings, credit, insurance and payments vis-à-vis formal financial intermediaries, at an affordable cost. There is no doubt that the province offers tremendous opportunities for growth of financial sector as the security situation in Balochistan continues to …

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Inherited balance of trade deficit result of neglected Pakistan’s market http://www.pakistaneconomist.com/2018/09/17/inherited-balance-of-trade-deficit-result-of-neglected-pakistans-market/ http://www.pakistaneconomist.com/2018/09/17/inherited-balance-of-trade-deficit-result-of-neglected-pakistans-market/#respond Sun, 16 Sep 2018 19:52:55 +0000 http://www.pakistaneconomist.com/?p=20616 Pakistan Tehreek-e-Insaf (PTI) government with many other challenges inherited a trade deficit. Government has to first accept challenges and identify the resources Pakistan has right now. As per 2017 trade export data, Pakistan managed to export textile articles, sets, worn clothing worth $3.96 billion (18%), cotton $3.50 billion (16%), articles of apparel, knit or crocheted …

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