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 …

  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 …

  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 …

  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 …

  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 …

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 …