Special Report

KARACHI:  Driven by value buying, the KSE-100 Index gained 532.77 points for an increase of 1.13%, a welcome sign for stock market participants who had been sidelined due to political noise, broker defaults and terror incidents in the country. The KSE-100, which hit a record high at the end of January before retreating close to 6% […]

AMBER ARSHAD: In 2016, Meezan Bank was honoured with the Best Islamic Bank Award at the Pakistan Banking Awards as well as Pakistani Islamic Bank of the Year by FT’s The Banker. What has been Meezan Bank’s trajectory and what role has it played in developing Islamic banking in the country? IRFAN SIDDIQUI: Meezan Bank was launched […]

The International Monetary Fund has come up with its analysis of the China-Pakistan Economic Corridor (CPEC)-related projects, with a word of caution stating that the cost of the projects is likely to strain 0.4 per cent on the economy.. The experts, however, believed that the cost would be covered through “anticipated growth-supporting and export-enhancing reforms […]

Pakistan is a historical treasure trove, with artefacts going back several centuries buried underneath its soil, or scattered around its heritage sites. Yet what is troubling is that these priceless pieces of our history continue to be smuggled out of the country, with many finding their way to galleries and private collections abroad. As reported […]

A working paper was issued by IMF in late August by the fiscal affairs department, 2016 describing research in progress, titled as “Unlocking Pakistan’s Revenue Potential”. The paper emphasized that despite the significant progress in recent years, Pakistan’s tax revenue remains low relative to comparative countries and the tax effort expected for the country’s level […]

KARACHI:  State Bank of Pakistan (SBP) Governor Ashraf Wathra said on Wednesday the non-bank financial (NBF) sector should consider introducing a deposit protection scheme for the depositors of NBF institutions. Speaking at a conference on non-bank financial sector and capital markets organised by the Securities and Exchange Commission of Pakistan (SECP) in collaboration with United […]

KARACHI: If you are sitting next to an annoying person on a transatlantic flight and want to avoid a conversation at any cost, all you have to do is bring up the topic of monetary policy. According to Forbes Media Chairman Steve Forbes, most people find this topic utterly boring and dull. No one will try to […]

CHAPTER ONE HISTORY OF BANKING Evolution Of Banking The Origin of the Word “Bank” Still most of the experts, do not agree upon the word “Bank” i.e. from where and how this word originated. People have different opinions about its origin. Many experts agreed that the word “Bank” is originated from following two words. Bancus […]