Interview with Mr Paul Midy — Global Ceo jovago.Com Profile: Paul Midy is the Global CEO of Jovago, which is an international venture by Rocket Internet specializing in online hotel booking. He completed his undergraduate studies from Ecole Polytechnique, France after which he went to Columbia University in New York to pursue his graduation. After completing his education, he worked for seven years at McKinsey & Company where he …

  Presently, Habib Bank Limited (HBL) had proclaimed its contract with Barclays Bank PLC to acquire Barclays banking business in Pakistan. This acquisition was accepted through the State Bank of Pakistan (SBP) and from June 15, 2015 the country business of Barclays Bank PLC has been amalgamated with and into Habib Bank. HBL now has worldwide footprints in 29 states counting China. Habib Bank works intimately with institutions such as …

  Pakistan’s banking sector reforms which were started in the early 1990s have transformed the sector into a well-organized, strong and sound banking system. It is playing a significant role in economic development and setting a performance status of the state. Still it needs to play a larger role in mobilizing local’s savings, which are critical to grow its entire investment stages. State Bank of Pakistan needs to make sure …

  Islamic funds have actually provided a window to a number of individuals, who were previously reluctant to invest because of their religious beliefs. In adherence with principles of Shariah compliance these funds and their usage play key role in the global economy, covering the financial needs of the currently underserved Muslim population. Unfortunately, this Islamic financing are facing numerous challenges for its growth in the country and still at …

  Bank Alfalah launches visa corporate credit cards The Securities and Exchange Commission of Pakistan (SECP)’s online fee submission facility, launched this year has gained currency and now the Commission has been regularly receiving fee through credit cards from various countries such as Belize, Hong Kong, Netherlands, Saudi Arabia, Singapore, UAE, UK and USA. The SECP introduced the facility for online payment of fee through credit cards in its eServices …

  Credit cards promote the concept of plastic money whereby a user can purchase any product or service without having to carry cash. Credit cards allow secure method of payment online. Large payments e.g. fridge, television, furniture, airline tickets, expenses on international travel are done through credit cards. Through the usage is quite prevalent in Western markets where credit cards have replaced currency altogether, in Pakistan credit cards are seen …

  Standard chartered makes it digitally innovative Credit cards — in fact a way of borrowing and looks attractive when one goes to have one for purchasing goods and obtaining other services but however the attraction of the card evaporates as soon as it piles up the debt beyond ones capacity to payback. It is a facility to be used productively for the good of the holder and not to …

  Like mathematics, economics has proved to be a ruthless subject. It has not only written its own rules of the game but has also trespassed on alien territories with poise and authority. It made the world believe that the level of material well-being was the only yardstick with which to measure the status and stature of nations. Economics was genetically more close to knowledge than faith. It dominated almost …

  Pakistan is rich in natural resources. Only the educated, skilled and healthy people can make the best use of the enormous natural resources of the country. The better human capital equipped with education in science and technology can be instrumental in increased productively with modern technology in all economic sectors. This will enhance industrial productivity and increase exportable output of the country. Education is the main tool to develop …

  The latest federal budget for the fiscal year 2015-2016 has been recently revealed out of which the outlay is 91 per cent higher than what was revised earlier in the fiscal year. The Finance Minister, Mr. Ishaq Dar presenting the budget 2015-16 to the National Assembly claimed that the budget does include measures with respect to employment, improving the exports of the country as well as focusing on helping …