This report provides a detailed analysis of Pakistan's relationship with the financial sector, examines regulatory and institutional arrangements, and proposes promising future development options, building on international best practice examples.The main features of this form of leasing are that a written contract is mandatory; the asset should exist at the time of the contract; the asset must have a real and lawful use and should not be used ... Total loss is the ownera#39;s responsibility, however; the user is responsible for damage through misuse or negligence. ... For a definition of modarabas, please see www.irtipms.org/OpenSave.asp?pub= 40.pdf (p.
|Title||:||Bringing Finance to Pakistan's Poor|
|Author||:||Tatiana Nenova, Cecile Thioro Niang, Anjum Ahmad|
|Publisher||:||World Bank Publications - 2009|