State Bank skeptical, stocks plummet in Pakistan
The State Bank of Pakistan announced Monday that interest rate will remain unchanged at 12.5 percent for near term. Despite signs of modest recovery, the State Bank policy statement was skeptical because the economy lacks the necessary infrastructure and sufficient macroeconomic stability to build on the momentum. Policy statement which sent Pakistan’s leading market, Karachi [...]
Pakistan to Launch Government Backed Savings Bond
Pakistan government plans to launch an investment instrument to raise as much as twenty billions rupees (US $250 million) before the end of this year. Experts believe that funds can be raised from the sale of national savings bonds even in current political situation. Total addressable market for the sale of sovereign bond in Pakistan is [...]
Ibrahim Sajid Malick is a Pakistani-American writer, technologist, and social entrepreneur. He has been writing on Pakistani society and politics since 1986. He has held several media, communications, and technology positions for organizations large and small. Mr. Malick graduated from New School for Social Research with a master’s degree in anthropology. He holds several technology and management certifications. He works for a leading technology firm and blogs at www.ibrahimsajidmalick.com