WB likely to approve $450m loan for Pakistan this month

Islamabad: The World Bank on Tuesday confirmed that Pakistan had accomplished all conditions attached to the Resilient Institution for Sustainable Economy (RISE-II) programme of a $450 million loan. The WB’s Board of Directors...

Importance of riba-free banking for a developing country like Pakistan

Riba-free (interest-free) banking is a key principle of Islamic finance, which prohibits interest on loans, viewing it as exploitative and unjust. Instead, it emphasizes risk-sharing, ethical investments, and economic justice. F...

12-Oct-2024 Read More

‘Continuity of safe banking’

SBP (State Bank of Pakistan) must be appreciated for its foresight in voicing concern about the continuity of safe banking in the country “at a time of fast rising geopolitical tensions” since about 20 local financial instit...

12-Oct-2024 Read More

The IPP negotiations

The short-sightedness in dishonouring sovereign contracts will haunt us. The government is guaranteeing high power generation costs for years to come. The private sector began participating in capital-intensive power generati...

12-Oct-2024 Read More

One history, two futures

How a country is organised as a polity casts a long shadow on its economic development. Egypt and Indonesia offer two contrasting examples from recent history. Both these countries have a broadly similar past in terms of the ...

12-Oct-2024 Read More

Saudi investments

The Saudi investment commitments to Islamabad seem to be taking tangible shape after months of uncertainty around Riyadh’s promises to invest several billion dollars to help rescue Pakistan’s flagging economy. Crown Prince M...

12-Oct-2024 Read More