The word CSR (Corporate Social Responsibility) seems to have become a talking point in Pakistan’s corporate sector. The members of Board of Directors and senior management often include many items in CSR, which hardly have any relevance with the community they work with of the people employed in the entities. While huge sums are being allocated and spent under CSR, the trickledown effect is often not visible. In this …

  The company is firm in improving the it skills of Pakistani students and teachers Intel continues to play a critical role in establishing a solid educational foundation within Pakistan by preparing students with the skills required to succeed in today’s knowledge based economy. The Intel Education Initiative in Pakistan is playing a key role in strengthening education through ICT in the remote areas of Pakistan by helping schools and …

  Unemployment is a major problem of Pakistan because when unemployment is high, resources are squandered and citizens incomes are depressed; during such phases, economics distress spills over to affect common man lives and people’s emotions. The socio economic system of the country and institutions has failed to offer employment to the rising labor force. The country has the 9th largest labor force in the world. The total labor force …

  When last year at the eve of World Islamic Economic Forum, British Prime Minister David Cameron announced a plan to issue $323 million sovereign sukuk, or Islamic bond, to attract new money to London, then his announcement not come out as a surprise for in and outside Muslim countries. No doubt, Islamic finance is naturally more popular among Muslims because of their religious beliefs, with Malaysia leading the rest …

  Interview: Dr. Syed Arif Hussain, chief executive officer Takaful Pakistan Ltd Dr. Syed Arif Hussain MBBS, MBA (Marketing) who is the Chief Executive Officer of Takaful Pakistan Ltd believes that the education and the insurance are the key players behind all the developed economies, which indicates how much it is important for building the national economy in Pakistan. Talking to PAGE Dr Syed Arif said that Takaful Pakistan has …

  Country still needs Shariah experts for growth of Islamic banking market Brunei Darussalam has only one fully-developed Islamic bank. Islamic windows are playing a pivotal role to invigorate the Islamic banking industry resembling with full-developed Islamic banks in most parts of the world and most of all, they are doing fine job to bring customers from conventional banking to Shariah-compliant business. The Tabung Amanah Islam Brunei was the first …

  Takaful is Islamic insurance and is relatively a new concept in the financial markets. Takaful is based on pooling of funds where gains and losses are shared equally. Prime markets for Takaful include GCC and Malaysia. Earlier this decade when Islamic banking was picking up pace and Islamic banks was actively penetrating the market, estimates were circulated that Islamic banking in terms of deposits would be 10 percent of …

  There are two contrary opinions about Pakistanis being Information technology savvy: 1) Pakistan has reasonable percentage of technology savvy people and 2) the level of IT education is far from satisfactory. Some experts say both the opinions are valid and it depends on the segment of population anyone is trying to explore. However, the split between urban and rural areas continue to have impacts. They say a lot depends …

  Movenpick hotels & resorts plans 100 hotels open around the world by 2015 Movenpick Hotels & Resorts, which has acquired Sheraton Hotel Karachi, has unveiled a major renovation and refurbishment plan for the Karachi property, which was reflagged as Movenpick Hotel Karachi on January 1, 2014. The announcement was made at a press conference addressed by Mr. Andreas Matmoller, Chief Operating Officer, Middle East and Asia, Movenpick Hotels & …

  In Pakistan banks were the first to deploy technology as they had funds and also wanted to enhance their footprint. On top of that it was growing pressure of the corporate sector to make banking more efficient. Banks went for mainframe computers and soon also started processing bills of utility companies. After a while utilities installed their own systems. However, the real revolution came with the advent of personal …