Benazir Income Support Programme (BISP) is the largest Social Safety Net System in the South Asia Region.  It is a unique well functioning public sector program that has helped in the transformation of the social protection sector in the country. Established in 2008, one of BISP’s greatest accomplishments is the development of  an objective targeting […]

It is more than 3 years since this government took over – and 8 years in its recent stint in the parliament to work out the sort of regulatory reforms required to put the Pak economy in the right direction. Regulation is crucial in delivering fairness, efficiency and effectiveness in an economy and as we […]

SINGAPORE/SYDNEY: Australian and New Zealand Banking Group is reviewing its retail operations in Asia as it continues to “reshape” its institutional products and services in a bid to slash costs and boost returns, a senior executive told Reuters in an interview. Australia’s No.4 lender is alone among the country’s four major banks to have a […]

The “Limited Liability Partnership Bill, 2016” has been taken up by the National Assembly Standing Committee on Finance. It was presented in the assembly in the first week of this month.The Limited Liability Partnership (LLP) is the mode of establishing small scale partnerships under a new form of business structure. The new structure will remove […]

Every year, the government promises to stay within the bounds of the law and limit its borrowing from the State Bank of Pakistan (SBP). And inevitably, every year the government also breaks that promise. This year is clearly no different, with the borrowing from the central bank reaching an astounding Rs848 billion. In short, the government […]

SOMETHING quite remarkable has been witnessed of late: the dollar has depreciated significantly against the rupee. As this has been a highly noticeable and largely unexpected event, it has raised a plethora of questions in the minds of citizens, and conspiracy theories have done the rounds. Yet dollar depreciation against the rupee is not as […]

The volume of e-banking transactions grew by 29% in the July-September quarter compared to the corresponding three-month period last year while the quarter-on-quarter increase stood at 5.2%, according to the Payment Systems Review for the quarter released by the State Bank of Pakistan (SBP) on Friday. In terms of composition of total e-banking transactions in […]

Pakistan has the third-best microfinance business environment in the world, according to The Economist Intelligence Unit’s analysis of the microfinance business environment in 55 countries. In its recently released report titled “Global microscope on the microfinance business environment 2013,” the business information arm of The Economist Group puts Pakistan after Peru and Bolivia on the […]

Like other countries, developed and developing alike, there has been huge emphasis on financial inclusion in Pakistan. A number of institutions (including charities and other businesses in the services and utilities sector) are using electronic media to raise and transfer money as part of their payments or credit systems. Many businesses, however, continue to use […]

The conventional banking model is based on deposits. Banks accept deposits and use the money to offer interest-bearing loans to individuals and businesses. This is a standard model used all over the world, and is now being used even by many microfinance institutions that emerged as non-bank entities from the 1960s onwards. In Pakistan, the […]