The South Asian nation, mostly in the news for terrorism and political violence, has beaten major Asian economies this year in stock market performance and for which Pakistan stock market recorded a feat. Pakistan is the best performing market in Asia this year with the KSE-100 Index soaring 23.5 percent followed by Vietnam and Indonesia with returns of 18 percent and 16.8 percent, respectively, while India’s Sensex Index has …
Read More »Role of Pakistan stock exchange in economic development
The role of stock exchange market is to raise long-term funds for corporation (primary market) while providing the trading platform for the trading securities (secondary market). Stock exchange markets encourage investment through provision of a lot of resources. This enables the cooperation to attain a lot of funds for their business expansion. Primary market carries the initial offerings of the stocks and bonds to investors by definition. The secondary …
Read More »Karachi index — Asia’s best stocks market, regaining ‘tiger’ status
Historically, the Pakistan Stock Exchange (KSE-100) reached an all-time high of 41,464 in October of 2016 and a record low of 538.89 in June of 1990. In spite of deteriorating political condition and low levels of foreign investment and slow growth and underdevelopment. Pakistan has succeeded in attracting very positive reviews between January and July 2016 from numerous Western media houses, the World Bank and the globally-acclaimed credit rating …
Read More »Setting up a PSX branch in Gwadar and Quetta helps grow corporate culture
The capital market provides the people with the investment opportunities and the companies to raise funds for expansion and development for further investments. Though the government has an important role to play in shaping the legal, institutional and business environment but major responsibility rests with the corporate sector to achieve a higher level of corporate governance. The high standards of corporate integrity and excellence are of key importance for …
Read More »Role of CEIF in the growth of Islamic finance industry
Centre for Excellence in Islamic Finance (CEIF) has been established at IBA (Institute of Business Administration), Karachi with the objective of providing a platform for discovery, enhancement and dissemination of knowledge in the field of Islamic Finance. It aims to be a world class Centre which, through education and research. It carries on IBA’s legacy of thought leadership in the Islamic Finance industry. Globally, Islamic Banking assets have witnessed …
Read More »Consumer finance business taking great effects in Pakistan banking sector
Meezan Bank’s Vendor and Distributor Financing Program strengthening the small scale industries Interview with Muhammad Raza — SEVP & Group Head-Customer Support, Meezan Bank Profile Muhammad Raza is currently the Group Head of Customer Support at Meezan Bank, Pakistan’s first and largest Islamic bank. His educational background includes a Bachelor of Engineering from DCET, NED University of Engineering & Technology and a Master’s degree in Business Administration from Institute …
Read More »More shariah-compliance products may help grow Islamic banking
Islamic banking is one of the emerging fields in global financial market nowadays. It is growing at very fast pace all around the world. The tide is little slow in Pakistan as Islamic investment banks and Islamic venture capital funds are yet fully launched here. Muslims generally abstain from purchasing insurance policies on religious grounds and have reservations on banking, which also involves payment of interest. They believe that …
Read More »Technology revolutionizing the financial services
Information and communication technologies (ICT) have brought about a revolutionary change in the financial sector. This revolution finds manifestations today in shape of innovative banking products and services such as Automated Teller Machines (ATMs), Internet banking, tele-banking and so on. The Internet, ATMs, POS devices and mobile phones are the examples of online banking technologies, which serve to deliver a set of banking services and are part of distribution …
Read More »Islamic banks have sound liquidity profile in Asia and GCC countries
The liquidity coverage ratios (LCRs) of Islamic banks in key Asian countries including Pakistan and GCC countries highlight sound liquidity profiles and broad compliance with Basel-III regulatory requirements. However, banks with a greater proportion of retail deposits that are considered more ‘sticky’, typically display stronger LCRs,” said Simon Chen, a Moody’s Vice President and Senior Analyst. In Asia, the retail funding of Islamic banks is constrained by their small …
Read More »Prime role of Islamic banks in housing finance
Pakistan’s housing crisis is well known. The country requires about ten million homes. Migration from rural areas to urban areas has resulted in an urban growth, which has been about three times faster. According to sources, Pakistan’s urban population stands at 75 million or 39 percent of total population, and population experts believe that it will rise to 114 million by 2025. The lack of funding is the biggest …
Read More »