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Pakistan stock exchange stays in the rank of best three exchanges in Asia; revenue grows 11pc in ninth months period

  During the nine month period ended March 31, 2016, PSX continued to remain amongst major three best performing exchanges in Asia COMPARATIVE MARKET PERFORMANCE Details June 30. 2015 March 31, 2016 % change Malaysia 1,707 1,718 0.6 Indonesia 4,911 4,845 -1.3 Pakistan 34,399 33,139 -3.7 Philippines 7,565 7,262 -4.0 Vietnam 593 561 -5.4 Brazil 22,029 20,659 -6.2 Thailand 1,505 1,408 -6.4 India 27,781 25,342 -8.8 MSCI EM 972 837 …

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Pakistan stock exchange union into MSCI-EM club: A milestone to get buoyancy of foreign institutions

  Stock market rises all-time high soon after MSCI announcement Financial sector of any country plays very vital role in the country’s economic growth. Stock market is financial sector’s key institution which provides a platform, where borrower and lender can easily fulfill their financial needs. Stock market performance is factual reflection of any country’s economic performance. In Pakistan stock markets performance is a key for economic uplift and the recent …

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Pakistan’s top exchange companies and their role in economic stability

  With the incorporation of Exchange Companies the misinterpretations regarding their activities have been wiped out. In order to regularize and have smooth money exchange business in Pakistan, State Bank of Pakistan has incorporated Exchange Companies (the then Money Changers) through FE Circular No. 9 dated July 1, 2002. The real force behind Exchange Companies formation in Pakistan was the post 9/11 world economic and political situation, when the inward …

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Foreign exchange market review: UK takes dominant role in global financial activities

  The foreign exchange market is a place where foreign money bought and sold. The buyers and sellers have claim on foreign money and the intermediaries together constitute a foreign exchange market. It is a market for a national currency (foreign money) anywhere in the world, as the financial centers of the world are united in a single market. The foreign exchange market is a large trade center for currencies. …

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MSCI upgrade to result in about $400-500m in inflows into Pakistan stock market

  Investor outlook remains positive as Pakistan is now in the same rank of rising economies like India, Malaysia and Indonesia Interview with Mr. Asif Baig Mirza – CEO, ABM Securities (Pvt) Ltd ABM Securities (Pvt) Limited is one of the leading Brokerage House of Pakistan Stock Exchange Limited. Licensed by the Securities and Exchange Commission of Pakistan (SECP) and managed by the team of Mr. Asif Baig Mirza, Chief …

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Digital financial services can help grow women monetary means

  Despite encouraging advancements in the number of first time bank account holders, a startling gender gap persists in financial inclusion as a result of a variety of barriers to access across the developing world. Bringing women into the formal financial sector not only empowers them directly but also leads to welfare gains for the entire household and the community at large. This article lays out the empirical evidence linking …

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Equity investment: why & how?

  Interview with Umber Tanya Ansari — Head of Marketing & Distribution, UBL Fund Managers Ltd Profile Umber Tanya Ansari has been gaining experience in the asset management industry since 2008, and holds a Degree in Psychology from the University of Cincinnati, Ohio, USA. She began her career in advertising at Interflow Communications Limited, handling categories of notable brands such as Pepsi, UBL, PSO, and BMA. Thereafter, she was recruited …

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Pakistan’s Islamic banking industry making strong progress amid record assets and deposits

  Presently Pakistan is one of the active and effective players in worldwide Islamic finance industry and State Bank of Pakistan (SBP) has remained at forefront in developing and promoting Islamic finance in the country. Learning from past experience, SBP adopted an evolutionary approach for establishing Islamic banking in Pakistan in 2001. Since then and the industry commencing from scratch in 2001, has increased above 11 percent share in assets …

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HBL opens first branch in western China

  Posts strong financial results for first quarter of 2016 Habib Bank Limited (HBL) has recently achieved a landmark in the banking history by becoming the first Pakistani bank to receive a license for opening a branch in Urumqi in Western China. The Bank expects that the branch will be operational by the end of the year and will further cement links with China. With ample liquidity and a sound …

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Real-Time online banking — A milestone in banking sector

  Mobile banking an effective way for achieving financial inclusion According to latest official figures regarding real-time online banking, the network of ATMs in the banking industry continued to grow reaching from 10,099 to 10,736 during the second quarter of current fiscal year 2016. During this period some 5,689 POS machines were also added to the network showing a growth of 12.82% as compared to first quarter of FY16. The …

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