Meezan leads in mobile and internet banking with over a quarter of the industry’s total transactions in the first half of 2023.
The startup seeks to simply the complex nature of traditional global shipping.
Though at least half of the Electronic Money Institutions are gone, the ones left are doing well.
Only 2.1pc of the firms in the country have a bank loan or line of credit, compared to 23.7pc in the region.
Islamic banking’s investments-to-deposits ratio grew to 63.39pc in 2022 from just 20.39pc in 2017.
The new measures should help protect borrowers from predatory lending practices if implemented.
Youngsters entering the job markets are inadequately compensated in the name of exposure and experience
Says it has established an assembly line “capable of producing up to 8,000 motorcycles annually”.
According to the World Bank’s Findex, only 3.6pc of Pakistanis report borrowing from a financial institution or mobile money
Numbers indicate that for females, for every Rs100 spent through a payment card, Rs12.7 is paid via point of sales and Rs4.4...
Earlier in March, the State Bank reported that over $8.93m was remitted out of Pakistan in the last two years through video chat apps.
Predatory practices by instant lending apps raise alarming questions about users' exploitation and the need for tighter regulations in Pakistan.
Share of outstanding loans at interest rates of 25pc or more reached 77pc of the total by December, much higher than the earlier 51pc in June 2022.
High net worth individuals and micro funds who had turned towards cheaper developing countries have hit the venture capital brakes.
Unrealistic development amounts are either revised down in subsequent mini-budgets or remain unutilised.
The measures announced for IT ignore the root causes of its challenges
The kind of amounts offered might not even be enough to cover a small business’s electricity bill.
The upcoming AI policy has been crafted without finalising dedicated data laws, which have been in the draft stage since 2018.
Unlike some other types of fraud, it can be tricky to determine the liability.
Should the government or the Federal Shariah Court decide people’s banking preferences?