Finance & Market

Diaspora and migration Remittances are the most tangible and least controversial link between migration and development. Diasporas of various nations are mutually beneficial to both the sending and the receiving countries. They send home the money to help their families and friends, financially. And they often acquire advanced education and technical, professional and managerial skills and contribute to solving problems in their host nations. Given the right political and policy …

  During the second quarter of current fiscal year, the network of ATMs continued to grow reaching from 10,099 to 10,736 and additionally 5,689 POS machines were added to the network, showing a growth of 12.82 percent compared to first quarter of fiscal year 2016. Number of cards, issued by the banks, increased by 16.27 percent and it reached a total of 33 million by the end of the quarter. …

  Internet is the most fundamental enabler of economic and social development of the 21st century through which mobile banking refers to payment services operated under financial regulation and performed via mobile device. Now Instead of paying bills in cash, cheque, credit or debit cards, paying bills through mobile phone is a prompt facility. Mobile banking has gained momentum due to the innovative technology. According to GSMA (Global System for …

  Addition of term deposits and credit facilities make Easypaisa Account a full service banking solution Commencing operations in 2009, Easypaisa is serving consumers including corporations and government projects with convenient, reliable and secure financial services. It is effectively bringing the unbanked population of Pakistan in the formal financial flow. Easypaisa remains at the forefront of empowering people through innovative, technologically driven and low cost financial services. New feat Pakistan’s …

Public debt mounts to Rs 18.9 trillion Effective debt management is necessary for developing a feasible and stable debt portfolio. It mitigates the risks of refinancing, exchange rate fluctuations and debt accumulation that could impede economic growth and stability. Prudent utilization of debt leads to high economic growth and assists the government to accomplish its social and developmental goals. DEBT POSITION IN PAKISTAN (Rs. in billion) Year Public debt Domestic …

  During the nine month period ended March 31, 2016, PSX continued to remain amongst major three best performing exchanges in Asia COMPARATIVE MARKET PERFORMANCE Details June 30. 2015 March 31, 2016 % change Malaysia 1,707 1,718 0.6 Indonesia 4,911 4,845 -1.3 Pakistan 34,399 33,139 -3.7 Philippines 7,565 7,262 -4.0 Vietnam 593 561 -5.4 Brazil 22,029 20,659 -6.2 Thailand 1,505 1,408 -6.4 India 27,781 25,342 -8.8 MSCI EM 972 837 …

  Stock market rises all-time high soon after MSCI announcement Financial sector of any country plays very vital role in the country’s economic growth. Stock market is financial sector’s key institution which provides a platform, where borrower and lender can easily fulfill their financial needs. Stock market performance is factual reflection of any country’s economic performance. In Pakistan stock markets performance is a key for economic uplift and the recent …

  With the incorporation of Exchange Companies the misinterpretations regarding their activities have been wiped out. In order to regularize and have smooth money exchange business in Pakistan, State Bank of Pakistan has incorporated Exchange Companies (the then Money Changers) through FE Circular No. 9 dated July 1, 2002. The real force behind Exchange Companies formation in Pakistan was the post 9/11 world economic and political situation, when the inward …

  The foreign exchange market is a place where foreign money bought and sold. The buyers and sellers have claim on foreign money and the intermediaries together constitute a foreign exchange market. It is a market for a national currency (foreign money) anywhere in the world, as the financial centers of the world are united in a single market. The foreign exchange market is a large trade center for currencies. …

  Investor outlook remains positive as Pakistan is now in the same rank of rising economies like India, Malaysia and Indonesia Interview with Mr. Asif Baig Mirza – CEO, ABM Securities (Pvt) Ltd ABM Securities (Pvt) Limited is one of the leading Brokerage House of Pakistan Stock Exchange Limited. Licensed by the Securities and Exchange Commission of Pakistan (SECP) and managed by the team of Mr. Asif Baig Mirza, Chief …