The modem banking is not the result of an accident rather it is initiated because of man's increasing demands and needs. Following three parties or sectors of society played a vital role for the establishment of Bank.
The term Economics comes from the Ancient Greek word (oikonomia, "management of a household, administration") hence "rules of the house (hold. Economics is of two perspectives one is Microeconomics and other is Macroeconomics. Microeconomics is a branch of economics that studies
An outstanding initiative launched in August 2009, jointly by the State Bank of Pakistan, ministry of finance and ministry of overseas Pakistanis aimed at converting workers' remittances from informal (hawala) system to banking channels. The Pakistan remittance initiative (PRI) is based on the proposals published
This theory is also known as factor endowment theory presented by heckschre and ahlin (H.o) two economists) According to this theory; ALLAH has gifted different resource to different countries.
Islamic Republic of Pakistan is located in South Asia. It has 1,046 km coastline along the Arabian Sea in the south and is bordered by Afghanistan and Iran in west, India is in the east and China is in the northeast. Pakistan is the sixth most populated country in the world and second most populous with Muslim majority.
Money has removed the inconveniences, difficulties and defects of barter system. The Barter System was vulnerable to many defects and difficulties in an economy but with The Barter System was vulnerable to many defects and difficulties in an economy but with Currency Money
David Ricardo in 1917 wrote a book"principles of political economy"in which he presented the theory of comparative costs regarding international trade.according to Adam smith trade between the two countries.