Pakistan’s banking sector witnessed unprecedented growth after 2001 due to low interest rate and product innovation in consumer financing. Like other provinces, Balochistan is also the beneficiary of the current low interest rate, particularly in consumer financing, which has emerged out as one of most prolific aspects of banking in Pakistan. Consumer financing products include credit cards, personal loans, auto loans and housing mortgage. It not only contributes towards facilitating …
Read More »Import of mobile phones grow by 79.46pc in 7m fy2020
World it is said, has become a worldwide village and this is because of prompt, easy and accessible communication. Everywhere telecom segment has altered the shape of communication and this is a hot issue presently in Pakistan. According to the statistics published through Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth $760.582 million during July-January (2019-20) as against to $423.818 million during July-January (2018-19), explaining a growth of …
Read More »Facebook leading steps over sharing rumours, conspiracy theories on coronavirus
Many social media firms mainly Facebook are taking good vigilance about removing coronavirus conspiracies as per studies of different sources. Facebook has continuously updating the users on the strategy to rightly know the outbreak and corresponding of misinformation spreading in the world. Mark Elliot Zuckerberg co-founder of Facebook, reiterated in a Facebook post that the platform was removing conspiracy theories connected to the coronavirus that have been flagged through worldwide …
Read More »Emerging Pakistan telecom sector attracts $2.bn FDI in five years
International statistics showed that the telecom sector is a unique and vibrant industry that is constantly evolving because of the new technologies and infrastructure which continue to filter into the market. The overall global telecoms statistics are impressive and experts note that in 2020 there are around 7.7 billion active mobile broadband subscriptions globally, an enormous increase from 3.3 billion just 5 years ago, thanks in part to the deployment …
Read More »7 Tips to Trade Forex During Volatile Times
How should you trade Forex during times of high volatility? Is it safe to trade FX when markets are turbulent? Which are safe-haven currencies and which are risky propositions? Find out! Tips to Confidently Trade Forex During Market Volatility Preamble to the state of the financial markets: The financial markets are roiling right now. The market downturn that many analysts have long been cautioning about may be unfolding before our …
Read More »Pakistan grabs a rare win over India at ACC emerging teams cup
When it comes to sporting rivalry in the cricket world, nothing comes close to a match between India and its neighbor Pakistan. India has dominated the cricket world cup matches against its neighbor. It is against this backdrop that the recent win by Pakistan at the 2019 ACC Emerging Teams Cup Semi-final has received a lot of attention. Was it a precursor to coming things in this old sporting rivalry? …
Read More »How reliable are ecommerce businesses?
After consultations with private and public sector stakeholders the Federal Cabinet approved the e-commerce policy framework – a significant step towards regulating and supporting the growth of an industry which promises digital connectivity, employment and economic growth. The framework focuses on customer protection and confidence, recognising it as the core issue confronting the industry’s growth. In the absence of direct contact between buyers and sellers, there is a need …
Read More »Economic independence greatly contribute in empowering women
Today women constitute half the world population. They have been acknowledged as second rate position and weaker sex in both the developing and underdeveloped countries. They have lost all their self respect and their independent entities in respect with their professional aptitude. They are becoming solely dependent on male for their necessities of life like food, clothing and shelter. In spite of our male dominated society, the women have …
Read More »Monetary policy and interest rates: what does the trend show?
There seems to be positive sentiment in the economy with the new government taking charge in May 2013. There are high hopes that the economy will flourish, law and order situation will improve, inflation will subside and development projects will create more jobs. The sentiment is reflected in business growth and the KSE-100 index trading at record high of 22,700 points and going strong. Despite the government approaching the …
Read More »Declining rupee value may affect GDP growth rate
The next Monetary Policy is to be announced by the State Bank of Pakistan on September 13, 2013 which is likely to decide the future course of policy rate in the days to come, keeping in view the rate of inflation as the tightening or softening of the monetary policy is usually linked with the ups and down of the inflation rate. If this theory is taken into consideration …
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