Archive for April, 2010

Traders shouldn’t frustrate energy conservation drive

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Load shedding one of the biggest threats to democracy

The Pakistan Economy Watch (PEW) on Saturday said traders should not frustrate government’s ongoing energy conservation drive.
Closing down shops at 8pm is one of the key measures of the new load management formula without which whole plan would fail adding to miseries of the masses. read more…

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Islamic financial system can help bailout sick economies

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The Pakistan Economy Watch (PEW) on Thursday said properly developed Islamic financial system can reduce miseries of humanity by bailing out ailing economies.
The fast-growing Islamic finance industry (IFI) has potential to contain unemployment and boost economies if an efficient and effective monitoring mechanism is in place. This will also help boost confidence of masses. read more…

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Islamic banks need to introduce transparency: Prof. Khurshid

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Corrective measures needed amid growing air of uncertainty: Dr. Mughal

Senator Professor Khurshid Ahmed has said that despite best efforts riba-free banking is yet to make any substantial contribution to the economy and to the evolution of a new Islamic financial system in Pakistan.

Renowned research scholar, educationist and economist Prof. Khurshid Ahmed said that Islamic banks (IBs) need to introduce more transparency and stop misusing Kibor.

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