Islamic finance is the area of finance that complies with Shariah guidelines and the Islamic commercial law while avoiding transactions involving interest, speculation, gambling and artificial financial instruments. Generally, when we refer to Islamic finance, our focus is on the commercial aspect of finance that includes Islamic banking, Islamic insurance, Shariah-compliant mutual funds and Su
Conditionalities before the start of the final review with the International Monetary Fund (IMF) and uncertainty about the possibility of a rate cut given the Ramazan-driven spike in inflation kept investors in a jittery mood as a result the benchmark KSE 100-share index closed the outgoing week in the red. Arif Habib Ltd (AHL) said the stock market remained under pressure throughout the out
Over the past three decades, Pakistan’s economic focus, particularly in its dealings with the International Monetary Fund (IMF), has centred on addressing twin deficits — current account and fiscal. Despite concerted efforts, these issues have persisted, signalling the need for a fundamental shift in approach. While managing deficits remains crucial, this writer believes sustainable economic gr
Pakistan is keen on securing a larger and longer International Monetary Fund (IMF) bailout package — the only thing the country can do when it cannot service all its external debts on time. There is no option of skipping the IMF and seeking more considerable, longer-term funds from friendly countries that have already rolled over billions of dollars worth of such funds offered earlier. Foreign
THE PPP has aptly advised the central government to worry about improving its tax collection rather than eying the provinces’ share of tax revenues. Reacting to recent reports that the IMF wants Pakistan to restart discussions on the 2009 NFC award to correct the ‘imbalance’ in the centre-provinces distribution of tax resources, PPP Senator Sherry Rehman rejected suggestions that the global len