Tag Archives: financial

  Females are often termed weaker gender, mainly because of their body construction and also because of earning lower remuneration. This phenomenon is not unique in Pakistan but prevails throughout the world, even in the developed societies. If one studies Pakistani society few observations are most evident: 1) parents are reluctant in sending their daughters to educational institutions, 2) the general perception is that females should remained confined to their …

  Agriculture contributes nearly one-fourth to Pakistan’s GDP, two of its large-scale industries (textile and sugar) are agro based and nearly 60 percent of total exports comprise of textiles and clothing. This is despite the fact that production and productivity of the sector is very low as compared to the international standards. If right impetus are provided production of major crops can be doubled, which can boost GDP size, create …

  On-Line Banking, atms & telecash rule the financial world Although Pakistan offers tremendous opportunities for investment in the financial sector as the country still has a huge un-banked areas particularly the rural population, yet the telecom sector has come out to fill the gap by expanding the outreach even remotest parts of the country. Successful use of information technology in the financial sector is an example, which needs to …

  In Pakistan financial institutions have been the pioneer of technology deployment. This is partly because of the nature of their business and partly because of dealing with their counterparts located in developed countries. The added advantage have been that they have ample funds and also because ‘globally acceptable’ hardware and software are available. They also have on credit ‘development of tailor made programs’ that are Pakistan specific. Deployment of …

  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 …

  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 …

  State Bank of Pakistan (SBP) has released data of lending by financial institutions to farmers for the six months period ending December 31, 2013. On the face value it appears that the financial institutions have achieved 44% of the indicative lending trend. However, a deeper probe suggests that challenges like high non-performing loans, inadequate infrastructure and overall security and macroeconomic conditions are the reasons for the lackluster performance. The …

  First priority of the government is to develop a true Islamic financial system ‘ senator Ishaq Dar A true Islamic financial system is close to my heart and we are endeavoring to transform the financial system into a system truly based on justice and equity. In order to give a big push to the movement of Islamic financial system, the Federal Finance Minister Ishaq Dar has also issued directives …

  Ufone-Meezan Bank takes initiative for first Islamic branchless banking in the country It is quite evident that the conventional approach of bricks and mortar branches will never adequately serve the millions of un-banked masses in Pakistan unless the strategy of financial inclusion is supported by the telecom sector in Pakistan. Being an agriculture country with over 68 percent of the total population is rural-based in Pakistan, the conventional banking …