Tag Archives: financial

  Established following World War II to help with post-war recovery, the International Monetary Fund (IMF) serves as a lender to modern governments and an overseer of international financial markets. Both the International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide …

  ‘Business and commercial activities need to be coherent with the Shariah Corridor and Islamic financial laws’ Despite tremendous growth of the Islamic banking industry it is yet to go a long way to achieve the much desired objectives of socio-economic justice by raising awareness and taking benefits of interest free financial system, free from exploitation. Though more and more people are preferring Islamic banking but financial institutions offering these …

  Online banking has accelerated financial inclusion and changed the financial landscape in many developing countries including Pakistan. Mobile phones are now compensating for inadequate infrastructure, slow postal services, and the limited coverage of banking systems in many countries. Online banking has introduced non-traditional channels of delivering services in the banking industry. Information and Communication Technologies (ICT) have transformed the global economy bringing about a revolutionary change in the financial …

  Some five years back, James Rickards, presented the scenario of impending global currency wars by war gaming with the assistance of Pentagon and a number of military, economics and financial experts. His book Currency Wars attracted a stunned readership from all around the world. A Forbes review said: At the end of the cold, and Middle East, wars, we have entered a perilous new world. Currency war is as …

  There are lots of investment program in our country for big and small investors but no one ever have focused on creating some programs related to income generation for very small income persons or for school going kids. In our society income matters and it is a social security for one’s survival. I personally seriously felt the need of teaching our children about saving and investment ideas and its …

  Ali Kazimi, MD of Hansuke, believes that Pakistan’s economy and international developments present great opportunities for the local financial services sector Hansuke Consulting Limited (‘Hansuke’ or ‘the firm’) is a UK-based international consulting firm that serves leading businesses, governments, non-governmental organizations, and not-for-profits. Hansuke is authorized and regulated by the Institute of Chartered Accountants in England and Wales. With over 100 years of cumulative knowledge and experience in the …

  Innovation & technology The financial services market is undergoing a lot of changes. Customers always have appetite for more and are well knowledgeable, looking for convenience and ease when it comes to financial services, particularly via internet and mobile phones making innovation and transformation two most powerful forces that are reshaping the banking industry. Customer expectations, technological capabilities, regulatory requirements, demographics and economics are some of the challenges that …

  Karachi is the most populous city of Pakistan and holds its place as the second largest city in the world by population. The city is home to people from various ethnic backgrounds; Sindhi to Urdu speaking and from Punjabi to Pakhtoon or Balochi. It is the financial capital and 4th largest metropolitan city of the world accounts for the lion’s share of GDP and revenue. The city maintains itself …

  Micro-financing is one of most attention grabbing occurrence of recent years and leading progressive agenda worldwide. It gained much importance especially in under developing countries during last few decades. The concept of micro-financing is not new but during present era, its workable explanation and successful implementation is resultant of hectic efforts of Dr. Muhammad Yunus through Grameen Bank of Bangladesh. He took far-reaching steps and successfully realized practical terms …

  In recent years, the international community has begun to focus on financial inclusion as part of a broader strategy to reduce poverty, encourage economic development, and promote stability and security. The term ‘financial inclusion’ refers to the provision of accessible, usable, and affordable financial services, either through the formal or informal financial sector, to underserved populations. Financial inclusion also applies to ‘underbanked’ communities, where people lack reliable access to …