Non-resident Pakistanis can now invest in Mutual Funds with Al Meezan investments
April 22, 2021
Non-resident Pakistanis holding a Roshan Digital Account (RDA) can now invest in Mutual Funds through Al Meezan Investment Management Limited, one of Pakistan’s largest and only Shariah Compliant Asset Management Company. In addition, residents with assets abroad declared in their tax returns can also invest. This is a welcome addition to the RDA initiative, giving the overseas Pakistanis an additional, lucrative investment opportunity in Pakistan. Mutual Funds offer a diverse range of products & funds giving investors’ exposure to Equity Markets, Fixed Income, Money Market, Energy Sector, Commodities etc. all under one roof. What sets mutual funds apart from direct investments in the said asset classes is the professional fund management, diversification among other things such as liquidity and transparency.
in european countries and the europe withdrawn monetary funds are promising loans to bail out greece, but a condition is that greece will have to cut its spending. explain to our viewers why what happens in greece could have a huge impact here? the bottom line, it s a spillover, a domino effect. greece s debt, 115% of gdp, a huge number. credit rating companies downgraded their debt, and did the same for portugal and same. it s kind of like having your credit rating reduced. investors are worried that just like greece, portugal and spain could reach a point where they re not able to pay off its loans and spain has a much larger economy that this greece. greece s financial crisis is also weaking in the euro, which is a worry for american companies. it could make it harder to sell american production in europe. u.s. investors, what they re really worried about is if greece defaults, that would have
the american also tries to clamp down on certain types of risky trading. but political analyst also tell that you this bill, backed by the white house, could change quite dramatically over the next couple of weeks as lawmakers try to work out their differences. rich edison for the fox business network is live in their d.c. newsroom. what sort of amendments specifically are we talking about here, rich? well, shep, possible changes to much of what you just listed there and much more. republicans and democrats have mostly agreed to remove a 50 billion-dollar fund to cushion the fall of one of those financial giants. besides that one banks and another would audit federal reserve and another would force credit rating companies to give out free credit scores once a year. these among dozens of other proposals, shep? shepard: whatever changes they make to it they expect something to pass. any sense of when this might happen? all this debating and voting could take a few weeks.
and 18 months ago investors that bought the mortgage-related products lost money. what was involved with the credit rating companies? they had a severe conflict of interest. wall street companies like goldman, actually paying the credit rating companies millions in dollars in fees to rate their mortgage products. e-mails obtained by the senate subcommittee showed that to keep the fees coming into the door, rating companies were willing to bend over backwards to give the highest rating to these mortgage investment products that goldman was creating at the time. what about s. & p. and moody s, what are they saying? we reached out to them. moody s we called and e-mailed, we didn t get a response from them. but we got a statement from s. & p. saying the company has, quote, we have it here, a long traditi tradition offage lytic expert and we have learned a lesson from the recent crisis and have made significant enhancements to increase transparency.