In Pakistan microfinance sector depends upon external consultants and their strategic sights for economic development. These consultants are being hired to obtain utmost coherence with strategic ways and their alliance with output. Consultants are accountable for initializing business ideas for microfinance sector. The business ideas are best in function and offer principles how to start from day one till end of business. This sector in the country is keen …

  Country wins global recognition in online banking policy initiatives and businesses Branchless banking regulation was first introduced in Pakistan in April 2008. From the start, State Bank of Pakistan (SBP) has taken a positive regulatory approach by providing clear cut guidance and adjusting regulation where necessary. Pakistan has now firmly established the regulatory environment and supporting institutional framework to extend the field of branchless banking. A variety of business …

  The agriculture sector lacks financial resources, due to which small-scale farmers are facing a lot of problems, consequently affecting the agriculture and livestock sector. But in Muslim countries including Pakistan, the primary reason behind the lack of financial inclusion in the agricultural sector is unavailability of such financial products that are in correlation with the religious and social belief of the Muslims and if we want to promote agriculture …

  After persistent decline in the country’s exports, the foreign remittances are now intend to be a major source of forex earning for the country. Efforts are underway at different levels to produce trained human resource, can serve abroad and earn precious forex for the country. In this regard, TEVTA, NAVTEC and other training institutions are playing lead role. Overseas Pakistani workers remitted $12,714.57 million in the first eight months …

  Provides a vital cushion to foreign exchange and money market stability The home remittances by overseas Pakistanis have become a considerable source of external flows, which have provided the much needed cushion to foreign exchange as well as money market as both money and foreign exchange markets exhibited relative tranquility in Pakistan. While talking to PAGE, Sirajuddin Aziz, President and CEO Habib Metro said that Pakistani banks and other …

  Auto financing set to grow up after the positive outlook of economy The main advantage of low interest rates is their growth effect on economic activity. By reducing interest rates, the Central Bank helped increase business spending on capital goods. The reduction also helps economy’s long-term performance and increase household expenditures on homes/consumer durables. Low interest rates raise asset prices. People use excess balances to increase their purchases of …

  Interview with Mr Sirajuddin Aziz — CEO & President HabibMetro Bank Country faces shortage of 8-10 million new housing units PROFILE Sirajuddin Aziz is a professionally qualified and experienced banker who has worked for different organizations in Pakistan, China, Hong Kong, UK, Nigeria and UAE. He is currently the President & Chief Executive Officer at HabibMetro Bank. Prior to this, he has served as the Chief Executive Officer of …

  Many International Financial Institutions are keen to invest in the field of Islamic banking and finance in Pakistan In the face of growing demand for the Islamic banking products, different International Financial Institutions are showing interest to invest in the field of Islamic Banking and Finance in Pakistan. In the last three decades, a number of new Islamic financial products have been developed primarily by applying Islamic nominate contracts …

  Takaful is a Shariah-compliant alternative to conventional insurance. In the present age, the need and significance of insurance cannot be overlooked, but the present rules and practices utilized under insurance are against the teachings of Islam. Islamic scholars have presently deliberated over this matter for many years and devised the concept of Takaful. Takaful business is based on a huge pool of finances, where a great number of clients …

  Islamic banking and finance has become a flourishing business with assets estimated at value of over US$180.0 billion. It is spreading from UK, USA and Switzerland to the Middle East and Asia. Both Muslims and non-Muslims are using extensively the facilities being provided by Islamic banking and finance. Malaysia and Pakistan are well known for its Islamic banking and finance system. Both being the Muslim countries, the Islamic financial …