Banking shortcomings
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…
Securing Pakistan’s banking and fintech revolution
‘Fraud Risk’, specifically also in Pakistani banking industry becomes a key component of Risk in last decade due to fast dynamic changings in business natures and transformations in digital era…
Investment banking faultlines trigger European job shake-up
A dearth of deals, banking sector ructions and most recently the aftershocks of the demise of Credit Suisse have rapidly redrawn the European financial services industry jobs map this year.…
SDR allocation, monetary tightening, inflation, and banking crisis
While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs) allocation, and instead pushes countries, including Pakistan, under its programmes to adopt austerity and…
China’s debt-laden local governments pose challenges to economic growth, financial system
China’s push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 trillion…
Policies for digital banking: Part – I
The State Bank of Pakistan has recently granted five licences for Starting digital banks that would provide the whole range of banking services through digital platforms or electronic channels from…
Fixing the taxation system – Part II
Studies on sectoral incidence show that industry bears more than two-thirds of the tax, while the services sector bears about 21 per cent and agriculture 3.0 per cent. In the…
The journey of Islamic banking in Pakistan
Islamic banking aligns with the spirit, ethos, and value system of Islam and is governed by the principles laid down by Islamic Shariah. At the core, it is Riba-free banking…
Digital currency can make the financial system safer—II
The Bank of International Settlements in its own studies discovered that at least one-fifth of the world’s population will use digital currencies within the next three years. This clearly shows…
Banking on Biden
Democratic-minded people all over the world are pinning hopes on American presidential candidate Joe Biden who has vowed to defend democracy, human rights, freedom of the press and independence of…
