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Image source: South Asia Center   Pakistan announces fiscal year budget for next fiscal year, setting an additional income target of 1.4 trillion rupees. The Pakistani cabinet decided on May 28 that it will announce its upcoming fiscal year budget …

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday lauded the decision of the Prime Minister Imran Khan …

Remittances have been playing a very significant role for the overall economic development of Pakistan. Therefore, it is important to explore the actual remittance income and its impact on overall economy of Pakistan. Recently, the Middle East has suffered job …

The five biggest challenges the international money transfer industry is facing in 2019 would break down something like this: Globally significant events If one puts the technology and the emerging world of FinTech to one side; in many ways the …

A non-bank foreign exchange company (also known as foreign exchange broker or simply forex broker) is a company that offers currency exchange and international payments to private individuals and companies. There are more than 50 foreign exchange companies operating in …

Pakistan is a fast-growing developing country and a member of the WTO, Organization of the Islamic Conference, Group of 77, Non-Aligned Movement, Shanghai Cooperation Organization and Commonwealth. Pakistan’s economy is an emerging market in Asia. Agriculture is the pillar industry …

During this past week the benchmark index of Pakistan Stock Exchange (PSX) posted one of the largest weekly gains of 7.65% or 2,537 points. The last highest gain of 9.1% was posted in first week of April 2009. All sessions …

1- If one looks at the remittances figures in FY19, overall increase in volumes from the US and UK will be observed. The valuation effects of the US dollar appreciation against the currencies of remittance-source countries, especially the rupee, influence …

Remittances plays a crucial role in Pakistan’s economy. According to World Bank’s report the projected Pakistan’s remittances growth to remain moderate at 6.2% due to significant reductions in inflows from Saudi Arabia and Gulf States. The country was ranked 7th …

Some new and disruptive business forces are rendering the traditional electricity business model obsolete and it may not serve well to accomplish the government’s strategic goals in the power sector. It is imperative that this business in the country be …

Since Donald Trump administration refused to extend waivers for Iranian oil exports, the United States and Iran have been giving threats and counter threats. In response to the US decision to tighten oil sanctions and push Iranian oil exports to …

Image source: http://dy.163.com/v2/article/detail/ Islamic finance, because of one of the Islamic doctrines. Compared with ordinary banks, Islamic does not accept or pay interest. Until today, there are many devout toasts who are more likely to keep their money at home. Islamic …