Archive for August 9th, 2010
By Shahzad Tariq
This is a guest post from Mr. Shahzad Tariq. The opinions expressed in this commentary are solely those of Mr. Shahzad.
Since the inception of Pakistan, our educational system are in hands of people who are running it like a business. And the industry made billions and produce a group of millionaires who never paid a single pence in tax.
Why would they? When they are confronted then they proudly say that they are doing a social work! A social work which is cha
August 9, 2010
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By Aamna Waheed
The State Bank of Pakistan (SBP) has urged Islamic financial institutions to distinguish themselves from conventional banks by offering products other than fixed return services.
If you remember then Yasir Maqbool, a senior auditor at Ernst and Young, raised the same concerns in his featured article, Romance Over - legitimacy of Islamic Banking. The most important question he raised were: When both systems are operating on a same fundamental then on what basis can
August 9, 2010
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By Bilal Siddiqui
The State Bank of Pakistan (SBP) has, in principle, allowed Bank Alfalah to set up an Islamic bank as a subsidiary. This is the first time in the history of Pakistan that a conventional bank has been given approval to establish an Islamic bank as an auxiliary organisation.
According to an SBP report, the bank is already operating a network of about 60 Islamic banking branches across the country. After the subsidiary is formally launched, Bank Alfalah will
August 9, 2010
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By Bilal Siddiqui
Pakistan State Oil announced to donate 1.5 Crore Pakistan Rupees (15 Million) for flood victims in Pakistan. It should be well noted here that this is the worst flood in the history of Asia!
The Managing Director of PSO, Irfan Quershi told the reporters that PSO allocated 60 Million Pak Rupees for Social Responsibility and out of that fund they are allocating 25% of the amount to the victims and their families.
PSO employees are also planning to donate their one da
August 9, 2010
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