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Freedom from the shackles of ‘Stockholm Syndrome’

Freedom from the shackles of ‘Stockholm Syndrome’

Presently, Pakistan seems to be suffering from ‘Stockholm Syndrome’ – a psychological condition wherein a captive begins to identify closely with his or her captors, as well as with their agenda and demands. The obsession and the unwavering trust in multilateral agencies, including IMF, and the traditional foreign bilateral partners, particularly Saudi Arabia and the strings attached with the helping-hand ever extended by them in the past bears testimony to the …

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Pakistan Day: time to reckon

Pakistan Day: time to reckon

Pakistan Day is celebrated with great fervor every year, but this year the circumstances are very different. People are living under extreme fear due to coronavirus pandemic, not only in Pakistan but around the world. The death of dozens of people from the pandemic, reminds us hundreds and thousands of people, who were assassinated after the partition of subcontinent. This also reminds the helplessness and the difficult administrative and financial conditions prevailing at …

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Monetary Policy to be aligned in sync with Fiscal Policy and structural reforms

Monetary Policy to be aligned in sync with Fiscal Policy and structural reforms

The monetary policy is the key to influence trade/ current account of any country. The extent and the effectiveness of that, however, vary from country to country, given country’s own political and economic dynamics and other realities on the ground. These elements must not be used as ‘one-size, fits-all’ as part of the template to manage the economy, particularly the external account. The effectiveness of monetary policy is already under debate these …

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SBP reduces policy rate: too little too late

SBP reduces policy rate- too little too late

At its meeting on 17th March 2020, the State Bank of Pakistan’s Monetary Policy Committee (MPC) decided to cut the policy rate by 75 bps to 12.50 percent. The decision reflected the MPC’s view that the outlook for inflation has improved in light of the recent deceleration in domestic food prices, significant decline in consumer price expectations, sharp fall in global oil prices, and slowdown in external and domestic demand due to …

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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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Endangered listing/delisting: the main concern

Endangered listing-delisting- the main concern

Stock exchanges represents confidence of investors and industry. Pakistan Stock Exchange has least number of investors and issuers using the exchange platform to trade off savings and returns. Pakistan’s least position in the region was found out to be a further retreated-one, as the Securities and Exchange Commission of Pakistan (SECP) Chief informed the standing committee of national assembly that for about 50,000 accounts were closed by investors in a year or so …

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State bank of Pakistan must follow the US fed

State bank of Pakistan must follow the US fed

Federal Reserve of United States has cut rate in an emergency that has created opportunity for other central banks around the globe to cut rate, especially for those who held off so far out due to domestic and external concerns. It is expected that State Bank of Pakistan (SBP) will also follow the suite. However, many analysts expect the SBP to and opt for status quo in the upcoming monetary policy announcement. There are …

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Impact of coronavirus on the consumer confidence

Impact of coronavirus on the consumer confidence

Uncertainty is worse than bad news. Some airlines in many countries have asked their employees to go on unpaid leave. There is a likelihood that the employees may be sent on forced leave without pay to cope with the unprecedented disaster globally. The coronavirus has infected over 135,000 people across the world and more than 4,900 people are believed to have died of the virus. In addition to Wuhan in China the …

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Credibility in cash on delivery system

Credibility in cash on delivery system

A disgruntled account/credit card holder of one of the leading banks disclosed that he received a call from his bank inquiring whether he had made three consecutive transactions consecutively amounting to around Rs 80,000/-. To his utter dismay prior to going to bed for a good night sleep, he told the bank employee that he had not made any transaction and was oblivious to what was being communicated to him. …

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Modern banking make headway in Balochistan

Modern banking make headway in Balochistan

Pakistan’s banking sector witnessed unprecedented growth after 2001 due to low interest rate and product innovation in consumer financing. Like other provinces, Balochistan is also the beneficiary of the current low interest rate, particularly in consumer financing, which has emerged out as one of most prolific aspects of banking in Pakistan. Consumer financing products include credit cards, personal loans, auto loans and housing mortgage. It not only contributes towards facilitating …

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