Pakistan banks Archives

Sep 6
Pakistan Government to help the Poorest of the Poor
Pakistani economy may be growing fast but the reality is that millions of people are still poor and unemployed in the country. So, I feel very happy that Pakistani government has taken a special scheme to generate employment among poor people. Under the project, the government will distribute loan of nearly Rs. 20 billion. To give you a clear idea about the project, I am quoting from a report of Pakistan Times:
 
“The 'Rozgar Pakistan' scheme is a public-private venture of the government under which about 2.5 million unemployed individuals, especially at the grassroots level, will be targeted.
  
The NBP has set a maximum limit of Rs. 200,000 for an individual to be repaid in upto five years time period.
 
The scheme covers fixed and mobile utility stores, transport (motorcycle rickshaws), public call office (PCO) and tele-centers.”
 
Well, I have just one concern. I really wish that the money reaches the poor people and those who need it. Often we have seen in the past in many parts of South Asia that these kinds of projects do not reach to the needy people. Instead, politicians, bankers and bureaucrats build an unholy alliance and distribute the money to their cronies. Let’s hope for the best.  
 
Related Article
Jul18
Pakistan: Where Foreign Banks SHINE!
Banking sector is a very important sector of any country. Only 10 years ago, the Pakistani banks were doing very poorly. Now the scenario has changed. After 1997, the banks observed a turn around. In the fiscal year 2005-06, Pakistan... Continue Reading
May 2
Pakistan and Uzbekistan going for more improved economic relationship
Bilateral trade between the two countries is still not much but it is changing. For example, last year bilateral trade increased by 50%. Expansion of banking ties is also on the card.
Continue Reading
Apr10
Pakistan: Good times for the share market but will it last long?
The KSE-100 had an increase of 3.9% or 451 points and in the end of the day the index stood to 11,937 points (all time high for the market). This record breaking performance was a sharp contrast to the 13% drop in index between Feb. 23 and March 13.
 
Continue Reading
Apr 7
Asian Development Outlook (ADO) 2006: Pakistan fighting with the aftermath of the earthquake
Pakistan had 8.4% GDP growth in FY2005 (ended 30 June 2005) and it was the highest in the last two decades. However, ADB has predicted a growth rate of 6.5% for FY 2006 and 7.3% for FY 2007. Continue Reading
Mar31
Fiscal year in the South Asian countries

The 8 countries have 5 different time table as far as fiscal year is concerned. This shows that they are still a long way of economic integration.

 

 

 

 

 

 

 

Continue Reading
 


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