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Showing posts from February, 2023

What Is Interest-Free Banking and How implementing in Pakistan?

A Look At The History Of The Usury System: Usury or charging of interest has been a part of the conventional banking system in Pakistan since the country's independence in 1947. The introduction of interest-based banking in Pakistan was a result of the influence of the British colonial system, which had established conventional banking practices in the country. During the early years of Pakistan's independence, the government and the banking industry primarily focused on the development of conventional banking practices, with little attention paid to the development of Islamic finance. As a result, interest-based banking became deeply entrenched in the country's financial system, with the State Bank of Pakistan (SBP) serving as the primary regulator of the industry. In the decades that followed, interest-based banking grew in popularity, with conventional banks dominating the financial landscape. The government's policies and regulations also favored the growth of conve

How Can a Serious Crime Like Corruption Be Eradicated From Pakistan?

It is essential to note that corruption is a complicated issue that can exist in any institution or organization, including the military.    However, labeling individuals as corrupt without proper evidence can lead to further damage and division within society. Therefore, it is important to depend on the legal system and due process to investigate and hold accountable those who are found to be involved in corrupt practices. This helps to ensure that justice is served and the rule of law is upheld. Labeling Individuals As Corrupt Without Proper Evidence: Can have serious effects and can lead to further damage and division within  society. Accusations of corruption can damage an individual's reputation and livelihood and can cause rifts between different groups and communities. False accusations can also create an atmosphere of disbelief and suspicion, eroding the trust and confidence that people have in institutions and organizations.  Moreover, labeling individuals without proper e

Why 27 February 2019 is important for Pakistan and India

It is not accurate to say that India has been "defeated" by Pakistan a specific number of times. India and Pakistan have fought several wars and military clashes since their freedom in 1947, and both sides have experienced conquests and losses. India and Pakistan have been involved in numerous conflicts and disputes, including over the disputed region of Kashmir, which both countries claim in its entirety. India and Pakistan have fought three major wars over Kashmir: in 1947-48, 1965, and 1971. In addition to these wars, there have been numerous smaller skirmishes and military standoffs between the two nations. The article below describes one such clash February 27 is a considerable date in Pakistan's history as it marks the day when a military confrontation happened between Pakistan and India in 2019. This occasion is commonly referred to as the "2019 India-Pakistan standoff" or the "2019 Balakot airstrike." The standoff happened following a suicide b

What is Pakistan's Parliamentary System?

Pakistan's parliamentary system is a form of government in which the executive branch of government is accountable to the legislature, or parliament. The system is modeled after the British parliamentary system, with the President serving as the ceremonial head of state, while the Prime Minister serves as the head of government. Pakistan has a bicameral parliament consisting of the National Assembly and the Senate. The National Assembly is the lower house of parliament and is directly elected by the people, with members serving a five-year term. The Senate is the upper house of parliament and is indirectly elected by the Provincial Assemblies and the National Assembly, with members serving a six-year term. The Prime Minister is appointed by the President, based on the majority support of the National Assembly, and is responsible for the day-to-day administration of the government. The Prime Minister selects members of the cabinet, who are responsible for overseeing various governme

Challenges and Issues in Pakistan's Education System

Education is the cornerstone of any country's development and progress, and Pakistan is no exception. A well-functioning education system is critical for unlocking the potential of the country's youth and building a brighter future for the nation. However, Pakistan's education system faces many challenges and issues that hinder its ability to provide quality education to all. This article will explore the challenges and issues in Pakistan's education system, including inadequate infrastructure, outdated teaching methods, gender disparities, and limited access to higher education. Inadequate Infrastructure: One of the most significant challenges facing Pakistan's education system is inadequate infrastructure. Many schools in Pakistan lack basic facilities such as clean water, electricity, and functioning toilets. According to the Pakistan Education Statistics Report 2019-20, only 40% of schools in Pakistan have access to drinking water, and only 25% have functioning

Overview Of Pakistan's Education System

Introduction : Pakistan is the world's sixth most populous country and has a large youth population. Pakistan gained independence from British colonial rule in 1947. At the time of independence, the country inherited an education system that was designed to serve the needs of the colonial masters and their local elites. The education system was highly elitist and focused on producing a small class of educated individuals who could serve as administrators, lawyers, and doctors. The majority of the population, especially in rural areas, had limited access to education. Education plays a crucial role in the country's social, economic, and political development. However, Pakistan's education system faces significant challenges, including poor quality, inadequate infrastructure, gender disparities, and low literacy rates. This essay will provide an overview of Pakistan's education system, including its structure, challenges, and reforms. Structure of Pakistan's Education