Country still needs Shariah experts for growth of Islamic banking market Brunei Darussalam has only one fully-developed Islamic bank. Islamic windows are playing a pivotal role to invigorate the Islamic banking industry resembling with full-developed Islamic banks in most parts of the world and most of all, they are doing fine job to bring customers from conventional banking to Shariah-compliant business. The Tabung Amanah Islam Brunei was the first …

  Investors left with no option but to swap major currency for lucrative asset class like gold It is predicted that future growth will be evidenced in gold. The global economy in future may not based on the gold standard, but the recognized value of gold as the basis for real value — whether acknowledged by central banks or not — will never change. Historically, many civilizations have recognized the …

  It is estimated that by 2030 Pakistan would need 113,695MW of energy while its economic prosperity and development was linked with availability of energy for which country needs coal-based power projects to meet energy shortfall. Pakistan’s coal is better than India in terms of heating value, sulfur, ash and moisture. Pakistan needs a large number of coal-based power projects to bridge the widening gap between electricity demand and supply. …

  The Chinese president’s Pakistan visit is water shed in bilateral relations, calculated to trigger collaboration at a level substantially more meaningful than Pak-US partnership spanning over a decade. President Xi Jinping of China during his two-day visit to Pakistan pledged $46 billion worth of energy and infrastructure projects. This amount is three times the entire foreign direct investment the country has received since the last seven years’ time. Though …

  Pakistan and China set in motion a roll out of $46 billion portfolio agreed under Chine-Pakistan Economic Corridor (CPEC). Both signed agreements worth $28 billion to immediately kick-start early harvest projects, while projects worth $17 billion, which are in pipeline, will follow as soon as required studies, processes and formalities are completed. The groundbreaking and signing of financial agreements has demonstrated that there is a strong will on both …

  Pakistan is anxious to continue trade with its neighbours especially with India, despite border tensions. The government is committed to increase regional trade with India as part of encouraging peace without compromising on national sovereignty. It would like to trade in energy for import of electricity from India to overcome the energy crisis. The Pakistan government is planning to develop trading land ports at Pakistan’s three neighbouring junction points …

  Pakistan is presently going through process of rapid economic development, which includes privatization of major government corporations, aimed at attracting foreign investment and lessening budget deficit. In 2014, foreign currency reserves crossed $15 billion mark, which has led to steady lookout on the long-term rating. External debt in Pakistan remained unchanged at $64,338 million in the fourth quarter of 2014. External debt in Pakistan averaged $49,246.37 million from 2002 …

  Agricultural production and farm incomes in Pakistan are frequently affected by natural disasters such as droughts, floods, cyclones, storms, landslides and the earthquakes. Destruction to agriculture is often combined by the outbreak of epidemics and man-made disasters such as fire, sale of unauthentic seeds, fertilizers and pesticides, etc. Farmers across the country had suffered losses of billions of rupees due to floods of 2010 and rains of 2011. Agricultural …

  In the past decade, earthquakes were the deadliest disaster as 60 percent of deaths caused by such hazards. The quakes remain a serious threat for millions of people worldwide and eight of the most populous cities in the world are built on earthquake fault-lines, this was observed by Margareta Wahlstrom, first Special Representative of the Secretary-General of United Nations for Disaster Risk Reduction, stressing the importance of investing in …

  Every Pakistani owes over Rs 101,338 in debt Govt should raise capacity to monitor and manage public debt The debt market is a market for trading the debt instruments like TFCs, Bonds, T-Bills, Commercial Papers, Participation Term Certificate, Corporate and Federal Bonds etc. A debt market establishes a structured environment where these types of debt can be traded with comfort between interested parties. The debt market is also known …