The Trump administration considered banning China’s Huawei from the US financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant,…
One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from government securities. This tax is directly linked to the advance-to-deposit ratio (ADR), imposing…
A central bank is the apex monetary institution of a country. It is a symbol of the financial sovereignty of a nation. It controls the flow of purchasing power -…
In a groundbreaking move, the State Bank of Pakistan (SBP) has committed to converting the country’s entire banking system into a Shariah-compliant Islamic model by December 2027. This ambitious step…
Muhammad Asif Javed Jutt did not just take his own life — he exposed the slow, systematic murder of justice in Pakistan. His self-immolation outside the Lahore High Court was…
Pakistan’s return from deep economic slumber will continue and succeed, mainly with the private sector assuming its role as a cornerstone for the future. In this background, Pakistan’s banks will…
SYSTEMS in Pakistan often operate below potential. We could be close, but remain mired in red tape, beholden to power structures and burdened by hidden and friction costs. Despite an…
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…
WILL our economic and financial system be able to eliminate riba (interest) by December 2027, as ordained by the Federal Shariat Court? If the past is any guide, this time…
