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Don’t Save Your Money

A woman who works for me, Irshad, comes 4 times a week, for about an hour each day. She works in at least one other house that I know of, and on average, I would say she earns around Rs. 6000 a month. Her husband drives a taxi, not his own, and earns a similar [...]

Basking in Credit

At a recent rally in Rawalpindi, President Musharraf spoke of increased standards of living among urban centers, where banking policies have opened up new vistas for public spending. Personal loans, car loans, home loans, credit cards, debit cards, atm cards, saving accounts… banks are churning out more products on a daily basis, encouraging customers to [...]