Artificial Intelligence: Neural Networks

AI has long been a subject of many sci-fi fantasy novels and movies. It was always a fascinating topic and a subject of interest but no one really believed that practical AI could be achieved in near future. People thought of it as an invention of far far future. To most of regular tech guys, […]

Technology

Financial Action Task Force (FATF) and Pakistan: Why Pakistan?

Financial Action Task Force (FATF) is an international organization having more then 35 member countries and various other member organizations such as IMF and World Bank. The main objective of FATF is to prevent money laundering and terrorist funding. They do this through their guidelines which must be followed by all countries in order to […]

Economy

Senate approves amendments in the Companies Ordinance, 1984

The Senate has approved the Companies Ordinance (Amendment) Bill, 1998. The reasons for introducing the Amendment Bill and expected impact of the amendments are briefly narrated below:- (i) Under the existing provisions of section 14 of the Ordinance, no association or partnership firm consisting of more than 20 persons may function unless it is registered […]

Business

How to deal with a dumb boss

Being a boss does not mean one is a good leader. People are mostly not promoted to a managerial position¬† because of their managerial or leadership skills. You must understand that if someone is your boss, it does not mean that they are smarter than you, or they know better than you. But it also […]

Management

PKR devaluing at 6% annually against USD

Pakistani Rupee (PKR) has been devaluing since creation of Pakistan. In 60’s one USD was around Rs. 4.75. However today one USD is around Rs. 112. The increase in price of dollar is shown in following chart. It is observed that PKR is devaluing at around 6% annually against USD.

Economy

Another way of looking at Riba/Interest.

There are many reasons of riba being haram in Islam. Haram means forbidden. It is highly forbidden in Islam. It is said that being involved in riba means declaring war with Allah and His Prophet (PBUH). Riba means any amount received in excess of original amount lent to a person. That is the simple meaning […]

Islamic finance