One of the themes of a recently organized conference by IBA-CIEF was ‘Making Pakistan Hub of Islamic Finance by 2025. Some of the critics termed this too ambitious; keeping in view less than 15 percent share of Islamic banking in …
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According to the latest Quarterly Performance Review (QPR) of the banking sector for the quarter ended 31st December, 2017, released by the State Bank of Pakistan, improving asset quality, stable liquidity, robust solvency and slow pick-up in private sector advances …
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A robust banking sector is a healthy sign for the economy of a country. It is this sector that plays the role of financial intermediation between savers and investors, which actually determine the rate of economic growth. The banking sector …
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To create Islamic finance system in India remained misunderstood as Reserve Bank of India (RBI) an autonomous body has been unresponsive toward Islamic banking in India. Last year, the idea of Islamic banking in India was forwarded by the former …
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DEPOSIT DISTRIBUTED BY CATEGORY OF DEPOSIT HOLDERS* (Million Rupees) Description Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 1. Non Resident Deposits 126,941 127,022 128,012 135,521 131,905 133,871 2. Resident (I+II+III+IV+V+VI+VII) 11,507,713 11,571,062 11,563,544 11,811,369 11,719,507 11,746,643 I. Government (Including Federal, Provincial …
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Experts urge cut in deposit and lending rates and to sever investment in gilt-edged securities Various banking experts urge that Pakistan’s banking system is not far behind the developed states in promoting innovative techniques and upgrading skill level within the …
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Islamic banking product gaining popularity in the world and both Muslims and non Muslim customers wish to take the services, which are Shariah-compliant based on interest free and profit-taking. Islamic financial products comply with Shariah, or Islamic law, and are …
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It’s been ten years since the global financial crisis led to widespread calls to restore trust in UK financial services. Yet today, the trust-in-finance debate has largely moved on, without producing a better financial sector, able to serve the public …
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Microfinance Microfinance is just one tool in the war against poverty. For microfinance to be successful at poverty reduction, it must be used in conjunction with education, health and other social interventions. Microfinance becomes a multiplier force in such a …
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Review of banking industry In order to propel economic growth, the State Bank of Pakistan has recently identified three priority areas for extending loans — agriculture, SMEs and low-cost housing finance with focus on financial inclusion and Islamic banking. Right …
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Pakistan & Gulf Economist Pakistan's Business Financial Magazine