SBP fines banks Rs290m

Karachi: Pakistan’s central bank has imposed a penalty of slightly over Rs290 million on six commercial and Shariah-compliant banks for violating banking regulations related to foreign exchange, asset quality and general opera...

Need for strengthening API sector

The pharmaceutical industry in Pakistan, predominantly led by national companies, is experiencing rapid growth and holds significant export potential. However, the country faces a critical supply chain risk, as approximately 85%...

11-Oct-2024 Read More

Lifeline of Balochistan

Balochistan’s economy in general and that of the bordering towns in particular is highly dependent on cross-border trade. This trade, formal and informal, documented and undocumented, serves as the major source of income for i...

11-Oct-2024 Read More

From ‘Doing Business’ report to ‘B-Ready’ report: some reflections

In a statement released on September 16, 2021, World Bank Group (WBG) indicated discontinuation of its ‘Doing Business’ report, whereby it pointed out ’After data irregularities on Doing Business 2018 and 2020 were reporte...

11-Oct-2024 Read More

True riba-free Islamic banking

The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities living in the modern age. The general perception of most of the critics is that there is hardly any difference b...

11-Oct-2024 Read More

Establishing fiscal discipline

In a landmark move, the federal and four provincial governments have agreed on a National Fiscal Pact (NFP) with a wide-ranging 19-point agenda that seeks to achieve fiscal discipline, eliminate resource duplication at the feder...

11-Oct-2024 Read More