Category Archives: Banking

BRIC by BRIC

BY: NAJMA SADEQUE | July 23, 2014  Can Pakistan squirm out of World Bank/IMF’s grip? Last week, after 70 years of financial subterfuge and economic exploitation which the South finally realized wasn’t going to change, a treaty was signed to create an alternative to … Continue reading

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In the name of the poor

The Nation – December 25, 2013   by NAJMA SADEQUE   How were government’s various microcredit schemes — launched in 2002 — doing? They decided to check, and after 6-7 years, conducted a field study, getting information from the horse’s … Continue reading

Posted in Banking, IMF & World Bank, Microcredit, Pakistan's Economy, Poverty, Women, World Bank/IMF | Tagged , , , , , , , , , , , , | 1 Comment

Fleecing the already fleeced

How to make big money from the poor  The Nation, December 18, 2013 NAJMA SADEQUE People have unfortunately become accustomed to kidnappings for ransom of high profile people and the very rich. Unexpected was poor families being victimized in the … Continue reading

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Without a fraction of reserve

Banks freely manufacture 90% of money. So why aren’t the majority of citizens being served?    November 27, 2013 NAJMA SADEQUE   Paper money and coins are for the general public – the ‘little’ people, who don’t earn enough to … Continue reading

Posted in Banking, Global Economy, IMF & World Bank, Money Banking, Pakistan's Economy, Paper Money, State Bank of Pakistan, World Bank/IMF | Tagged , , , , , , | Leave a comment

How banks make money — off you and me

By Najma Sadeque Published: September 19, 2012 in The Express Tribune Have you ever asked your bank manager how the system works, and how they make your money ‘grow’? Try it sometime. If he obliges, it will either be revealing, … Continue reading

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Everyone can have money: enough and legitimately

By Najma Sadeque Published: September 15, 2012 Sometimes experts have been responsible for our troubles, such as theoretical economists. Another culprit are banks. If there is yawning inequality, it is in large part due to the prevalent money and banking … Continue reading

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