Chairman Centre of Advisory Services for Islamic Banking and Finance (CAIF), Former Head of FSCD SBP, Former Head of Research Arif Habib Investments and Member IFSB Task Force for Development of Islamic Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan. Zakat, one of the five pillars of Islam, means giving…
US running out of places to store oil Islamabad, April 21, 2020:In a bizarre movement in the oil market, the oil prices turns Into negative territory on Monday. The price of a barrel of oil went negative due to lower demand and uncertainty in the oil market. The Future contract for the month of May…
Sindh Government imposed lockdown on March 23rd 2020 for two weeks and then further extended the restrictions till April 14th 2020. Three weeks province vide lockdown may not be eased off after April 14th as leading Doctors and Chinese Medial Experts have urged the Provincial Government to extend the restrictions noted Ateeq Ur Rehman (Economic…
Karachi, April 04, 2020: Following a 3-week rout of the KSE-100 Index, the bourse finally rebounded this week with a 12.5 percent return WoW – highest ever weekly return. Optimism in the bourse was sourced from the federal government announcing a series of measures to mitigate risks to the economy from the COVID-19. Banks and…
Karachi, March 24, 2020: At its last meeting on 17th March 2020, the Monetary Policy Committee (MPC) noted considerable uncertainty about how the Coronavirus outbreak would impact the global economy and Pakistan. In the statement issued following that meeting, the MPC “emphasized that it stood ready to take further actions if and when needed as…