Adil Najam In what is being described as the biggest bank robbery in Pakistan’s history, more than Rs. 500 Million was looted from a Karachi branch of the Allied Bank. Details are still trickling in and are still sketchy. But it is clear that at least part of this was an inside job. Just how […]

Financial Innovation: Pakistan’s ‘Hajj Notes’

Posted on November 28, 2009
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Adil Najam Did you know that from the 1950 through the mid 1990s the State Bank of Pakistan would publish special Hajj Notes in Rupees for Pakistani Hajis? These were mentioned in an earlier post on ATP on Pakistani banknotes, but I recently stumbled on a fascinating paper on the history of the Pakistani Hajj […]

Celebrate the Spirit of Sacrifice. Spare the Animals.

Posted on November 26, 2009
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temporal spare the poor goat or lamb or cows life. The purpose of sacrifice is to understand the spirit of parting with what you hold dear (your wealth), it is not some muqabla against four-legged animals. Please pause and think … That, after all, is what religion should make us do rather than blindly following […]

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