Pakistan has been able to beef up its image globally. Plenty of foreign diplomats have been visiting Pakistan recently. Pakistan is being considered one of the most worth-visiting countries these day. There is very likelihood that once the fear of coronavirus subsides across the world, visitors from across the world would visit Pakistan. Mr. Emil Wyss, the former Consul General of Switzerland in Karachi from 2014-16, and his spouse, Arie …

At its meeting on 17th March 2020, the State Bank of Pakistan’s Monetary Policy Committee (MPC) decided to cut the policy rate by 75 bps to 12.50 percent. The decision reflected the MPC’s view that the outlook for inflation has improved in light of the recent deceleration in domestic food prices, significant decline in consumer price expectations, sharp fall in global oil prices, and slowdown in external and domestic demand due to …

On 29th of January, 2020, the Government of China has officially reported that it is facing a chaotic epidemic of a viral infection named coronavirus which has already infected over 7000 people and the number is rising. 170 deaths have already been reported and number is sure to rise. The WHO Director General Tedros Adhanom has made multiple emergency meetings and held press conferences urging the world to come together to avoid a global catastrophe. …

Most of our Chinese customers are back at work according to emails we received last week. Right when the coronavirus has hit Europe, China slowly seems to finally gain more control of the situation. What happened? For the first time, there is almost no container equipment in Europe and Northern America due to the carriers blank sailings. They want to be ready in China, waiting for the economy to go …

International experts identified that through economic policymakers the foreign exchange reserves are viewed as ‘money in the bank’ – the more, the better. Reserves are a basic pillar of the macroeconomic toolkit. The experts showed that in countries that implement fixed or partially fixed foreign exchange rate systems, they are utilized as a mean to keep the exchange rate at or near the official target or parity level. Beyond exchange rate stabilization, foreign …

The analysis of economic survey of Pakistan FY2019 showed that the growth momentum of the Pakistani economy, at 5.5 percent in FY2018, became unsustainable because of growing macroeconomic imbalances i.e. high and rising fiscal and current account deficits. In Pakistan’s economy the twin deficits always persisted, however, in FY2018 trade deficit was historically high both in monetary value ($ 32 billion) and as a percent of GDP (10.1 percent), while the fiscal …

Banks can play a key role in the growth of insurance industry in the province Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of terror and attacks on public and private properties have witnessed a phenomenal growth over the past many years. The reason is the poor …

The cyber security is still a challenging and diverse field and it has been evolving due to constant technology transformation and enhancement as per changing business environments, needs and practices. In the earlier stage of protecting IT systems or digital assets, primary focus was on ‘perimeter security defense’ against outside threats as lots of capital and investment was made on perimeter controls like firewalls, intrusion detection systems, proxy servers, etc. to avoid the cyber …

Disaster does not have to come to an enterprise or contact center in the form of a major natural disaster worthy of news coverage. Disaster in the workplace can come in the form of heavy rains, a power outage, loss of potable water or a backhoe digging up telecom fiber across the street.  Anything that renders employees incapable of working is a disaster and responsible organizations should plan for such …

In order to advance ports and shipping, and make it more competitive, states and maritime organisations have relayed greatly on communication technology and digitalization of maritime operations. However, the risk of cyber attacks has been identified by International Maritime Organization (IMO) as the one of the key non traditional threat to the safe and secure maritime domain in contemporary era. According to the IMO, maritime cyber risk refers to “a measure of the extent to which a …