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 …

  Pakistan is one of the countries, where there is corruption, poor control of public funds, lack of accountability, abuses of human rights and excessive military influence and consequently public development inevitably suffers. The biggest problem is bad governance, which is creating all sorts of issues the masses are facing today. Issues of energy, education, health and law and order can be solved easily if Pakistan has good governance in …

  Stable foreign currency exchange rate and foreign currency reserves are one of the critical aspects for Pakistan’s ability to engage in commerce with other countries. Volatility in the exchange rate is increasingly being recognized as a concern for Pakistan’s economy. The Pak rupee has depreciated significantly against the US dollar marking a new risk for Pakistan’s economy. After maintaining a range bound movement from 2009 to 2011, the rupee …

Achieving new milestones at a faster pace By and large Pakistan has one of the most robust commercial banking systems of the world. It is mainly due to a very vigilant regulator, prudent players and excellent clients. One can point out a few bad incidents, regulatory lapses and failure in compliance but all these were there because the ruling junta tried to facilitate the favorite ones, else sponsors of none …

  “You know the importance of education and the right type of education cannot be over-emphasized… If we are to make real, speedy and substantial progress, we must earnestly tackle this question…having regard to the modern conditions and vast developments that have taken place all over the world.” Quaid-e-Azam. It was under the leadership of Quaid-e-Azam that our nation, Pakistan was created. Being the Islamic Republic of Pakistan, the Holy …

  Each year, we enthusiastically celebrate the 23rd of March to commemorate the most outstanding achievement of the Muslims of the subcontinent who passed the historic Pakistan Resolution on this day at Iqbal Park in Lahore in 1940. The resolution crystal-clearly presented an independent and sovereign federal state for the Muslims of the subcontinent in which the constituent units or provinces would enjoy greater autonomy. The historic Pakistan resolution presented …

  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 …

  In Pakistan, foreign banks initiated in mid 1990 the concept of electronic banking practices. Domestic banks also adopted the technology and E-banking services like ATM cards and debit cards in late 90s were introduced. The swift improvement in electronic distribution channels has produced tremendous changes in the financial industry, especially with a rising rate of change in technology. The developments happen in information and communication technology are escalating competition …

  Balochistan is known as the fruit basket of Pakistan because of its production of high-quality fruits in bulk. The province can also become the country’s food basket if its wheat yield potential is fully and efficiently tapped. It has wheat varieties yield potential of 6.5MT/hectares, but it is getting only 2.4MT/hectares. The province gets 95 percent wheat from irrigated and 5 percent from rain-fed areas. A long-term strategy needs …

  An economic hub offers more investment opportunities While the grapevine at the backyard of the Federation House is ripe amid rumors that local investors have transferred billions of dollars to Malaysia, UAE, Bangladesh, and even Sri Lanka and about 12 home textile manufacturers have already set up industries in Bangladesh, the news that over 65 industrial units are getting ready to lay the foundation of the manufacturing units at …