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Syed kamal Hayder Kazmi

Pakistan accumulates highest Dollar reserves in more than two years

Pakistan accumulates highest Dollar reserves in more than two years

International experts identified that through economic policymakers the foreign exchange reserves are viewed as ‘money in the bank’ – the more, the better. Reserves are a basic pillar of the macroeconomic toolkit. The experts showed that in countries that implement fixed or partially fixed foreign exchange rate systems, they are utilized as a mean to keep the exchange rate at or near the official target or parity level. Beyond exchange rate stabilization, foreign …

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Coronavirus outbreak affects Pakistan’s economy

Coronavirus outbreak affects Pakistan’s economy

The analysis of economic survey of Pakistan FY2019 showed that the growth momentum of the Pakistani economy, at 5.5 percent in FY2018, became unsustainable because of growing macroeconomic imbalances i.e. high and rising fiscal and current account deficits. In Pakistan’s economy the twin deficits always persisted, however, in FY2018 trade deficit was historically high both in monetary value ($ 32 billion) and as a percent of GDP (10.1 percent), while the fiscal …

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The growing efficiency of Takaful Insurance

The growing efficiency of Takaful Insurance

International experts revealed that it is mandatory for everyone in the developed world, to have a cover for unforeseen losses. On the other hand, the need of such an instrument is much greater in developing countries, as susceptibility to risk is high as there are very less opportunities obtainable to recover from big losses. In developing countries therefore, which are usually characterized for having low income levels, and lacking access …

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Sehat Sahulat Plan at every nook and corner of Pakistan

Sehat Sahulat Plan at every nook and corner of Pakistan

The Analysis of Economic Survey of Pakistan FY2019 revealed that Prime Minister’s National Health Program (PMNHP) is a milestone towards reaching the goal of acquiring Universal Health Coverage by presently launched healthcare financing system ensuring access to medical health care in a swift and dignified manner without any financial obligations. Government of Pakistan is all set to enlarge PMNHP till 2022, to offer social health protection against most of chronic and debilitating diseases/health situations …

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Import of mobile phones grow by 79.46pc in 7m fy2020

Import of mobile phones grow by 79.46pc in 7m fy2020

World it is said, has become a worldwide village and this is because of prompt, easy and accessible communication. Everywhere telecom segment has altered the shape of communication and this is a hot issue presently in Pakistan. According to the statistics published through Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth $760.582 million during July-January (2019-20) as against to $423.818 million during July-January (2018-19), explaining a growth of …

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Facebook leading steps over sharing rumours, conspiracy theories on coronavirus

Facebook leading steps over sharing rumours, conspiracy theories on coronavirus

Many social media firms mainly Facebook are taking good vigilance about removing coronavirus conspiracies as per studies of different sources. Facebook has continuously updating the users on the strategy to rightly know the outbreak and corresponding of misinformation spreading in the world. Mark Elliot Zuckerberg co-founder of Facebook, reiterated in a Facebook post that the platform was removing conspiracy theories connected to the coronavirus that have been flagged through worldwide …

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Emerging Pakistan telecom sector attracts $2.bn FDI in five years

Emerging Pakistan telecom sector attracts $2.bn FDI in five years

International statistics showed that the telecom sector is a unique and vibrant industry that is constantly evolving because of the new technologies and infrastructure which continue to filter into the market. The overall global telecoms statistics are impressive and experts note that in 2020 there are around 7.7 billion active mobile broadband subscriptions globally, an enormous increase from 3.3 billion just 5 years ago, thanks in part to the deployment …

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The future of Islamic banking

  Islamic Banking and Financing has gained a foothold both nationally in Muslim countries and internationally in the financial world. For years, many Islamic banks have registered double-digit growth rates, surpassing their conventional peers. At first glance, all seems well for the Islamic banking industry. There is ample room for growth as Islamic banking rarely exceeds a 3rd of total market share, even in GCC countries and Malaysia. Many potential …

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Banking sector

  Banks perform various roles in the economy. First, they ameliorate the information problems between investors and borrowers by monitoring the latter and ensuring a proper use of the depositors’ funds. Second, they provide intertemporal smoothing of risk that cannot be diversified at a given point in time as well as insurance to depositors against unexpected consumption shocks. Because of the maturity mismatch between their assets and liabilities, however, banks …

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Transportation in Pakistan

  Transportation in Pakistan is extensive and varied but still in its developing stages and serving a population of over 180 million people. Construction of new airports, roads and railway lines has led to an employment boost in the country. Much of Pakistan’s road network and railway network were built before 1947. Presently, roads carry over 96 percent of inland freight and 92 percent of passenger traffic and are undoubtedly …

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