Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Mon, 15 Jul 2019 10:22:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Mobile money and biometrics – the next frontier in banking industry http://www.pakistaneconomist.com/2019/07/15/mobile-money-and-biometrics-the-next-frontier-in-banking-industry/ http://www.pakistaneconomist.com/2019/07/15/mobile-money-and-biometrics-the-next-frontier-in-banking-industry/#respond Sun, 14 Jul 2019 20:04:04 +0000 http://www.pakistaneconomist.com/?p=30522 Mobile Money The global financial sector is witnessing a significant transformation due to technological progress and the role it has played. Over a span of decades, various technological innovations have led to new business models and products including new methodologies to conduct financial transactions; from the invention of ATMs to Core Banking Systems and now …

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Elimination of Riba from economy, govt lacks commitment http://www.pakistaneconomist.com/2019/07/15/elimination-of-riba-from-economy-govt-lacks-commitment/ http://www.pakistaneconomist.com/2019/07/15/elimination-of-riba-from-economy-govt-lacks-commitment/#respond Sun, 14 Jul 2019 20:03:11 +0000 http://www.pakistaneconomist.com/?p=30557 Pakistani newspapers and magazines are full of praises for the Government of Pakistan (GoP) and State Bank of Pakistan (SBP) for ushering double digit growth of Islamic banking in the country. However, the performance over slightly less than two decades looks miniscule keeping the fact in mind that overwhelming majority of the population of the …

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Kamyab Jawan: key scheme for youth development http://www.pakistaneconomist.com/2019/07/15/kamyab-jawan-key-scheme-for-youth-development/ http://www.pakistaneconomist.com/2019/07/15/kamyab-jawan-key-scheme-for-youth-development/#respond Sun, 14 Jul 2019 20:02:22 +0000 http://www.pakistaneconomist.com/?p=30576 The Government of Pakistan (GoP) has launched ‘Prime Minister’s Kamyab Jawan SME Lending Program’ aimed at providing self-employment opportunities to unemployed youth. Under the scheme, the GoP will provide mark-up and credit loss subsidy on small business loans up to Rs5 million disbursed by banks to youth. According to the scheme procedure announced by State …

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Popularity of Islamic banks system http://www.pakistaneconomist.com/2019/07/15/popularity-of-islamic-banks-system/ http://www.pakistaneconomist.com/2019/07/15/popularity-of-islamic-banks-system/#respond Sun, 14 Jul 2019 20:01:42 +0000 http://www.pakistaneconomist.com/?p=30513 The financial tsunami that erupted in 2008 has swept the global financial community, and the major financial giants also fell into disarray. Even if the commercial banks in China with a low degree of internationalization have also caused heavy loss. However, there was one special financial agent went through this financial crisis unscathed. Instead, this …

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PSX divestment: heights and delights http://www.pakistaneconomist.com/2019/07/15/psx-divestment-heights-and-delights/ http://www.pakistaneconomist.com/2019/07/15/psx-divestment-heights-and-delights/#respond Sun, 14 Jul 2019 20:00:02 +0000 http://www.pakistaneconomist.com/?p=30498 On Jan 21, 2017 the PSX signed an agreement for the sale of 40 percent strategic shares in the Pakistan bourse with a Chinese consortium, comprising three Chinese exchanges — the China Financial Futures Exchange Company Limited (lead bidder), the Shanghai Stock Exchange and the Shenzhen Stock Exchange. As a result, Pakistan Stock Exchange (PSX) …

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Stagnant rural economy hampering success of all poverty reduction strategies http://www.pakistaneconomist.com/2019/07/15/stagnant-rural-economy-hampering-success-of-all-poverty-reduction-strategies/ http://www.pakistaneconomist.com/2019/07/15/stagnant-rural-economy-hampering-success-of-all-poverty-reduction-strategies/#respond Sun, 14 Jul 2019 19:59:28 +0000 http://www.pakistaneconomist.com/?p=30493 Among the developing countries having agrarian base, Pakistan is bracketed with countries having a large rural impoverished population. According to a World Bank Report this group of countries on the globe is distinguished for having almost 90% of their rural population falling in the categories of either landless labour or those having uneconomic farm holdings, …

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Skyrocketing interest rate http://www.pakistaneconomist.com/2019/07/15/skyrocketing-interest-rate/ http://www.pakistaneconomist.com/2019/07/15/skyrocketing-interest-rate/#respond Sun, 14 Jul 2019 19:58:42 +0000 http://www.pakistaneconomist.com/?p=30585 The Pakistan’s economy is facing numerous challenges, which has impacted the overall economic activity. The economy is still and essentially bedeviled by large size and inefficient public sector, low rate of savings and investment, persistent large budget deficits, and inconsistent macroeconomic environment. All these factors have hampered the growth of the economy; yet country still …

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SBP Hi-Policy Rate needs re-definition to fix the economy http://www.pakistaneconomist.com/2019/07/15/sbp-hi-policy-rate-needs-re-definition-to-fix-the-economy/ http://www.pakistaneconomist.com/2019/07/15/sbp-hi-policy-rate-needs-re-definition-to-fix-the-economy/#respond Sun, 14 Jul 2019 19:57:39 +0000 http://www.pakistaneconomist.com/?p=30495 The SBP Policy Rate set by Monetary Policy Committee MPC-SBP at staggering 12.25% needs re-definition and aligning it with our competing economies. The Policy Rate is the root for all forms of Interest Rates and Lending, such as KIBOR (12.68%), Repo, PIB, T-Bills, house building loan, agri loans down to credit card charges. This is …

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Pakistan banking must renovate in order to make progress http://www.pakistaneconomist.com/2019/07/15/pakistan-banking-must-renovate-in-order-to-make-progress/ http://www.pakistaneconomist.com/2019/07/15/pakistan-banking-must-renovate-in-order-to-make-progress/#respond Sun, 14 Jul 2019 19:56:51 +0000 http://www.pakistaneconomist.com/?p=30583 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 plays a critical role in mobilization of savings from households from across the country and …

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Transaction of bank review in prospect http://www.pakistaneconomist.com/2019/07/15/transaction-of-bank-review-in-prospect/ http://www.pakistaneconomist.com/2019/07/15/transaction-of-bank-review-in-prospect/#respond Sun, 14 Jul 2019 19:55:02 +0000 http://www.pakistaneconomist.com/?p=30526 There are numbers of professional works in banks that are needed artificial review, which should be careful and conscientious. Therefore, there are higher requirements for bank tellers when dealing with bank professional works. Especially the loan service in banks, which requires the tellers to have deep knowledge about the information of lenders and their loan …

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