Foreign direct investment in telecom The telecom sector has been a star performer lately when it comes to foreign direct investment. The sudden rise in telecom FDI this fiscal, however, owes mainly to the license renewal. Telecom companies have made partial payments to renew their right to operate in Pakistan. The government, meanwhile, pocketed valuable non-tax revenues to meet IMF targets. There have been rounds of inflows and outflows in …
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 can fetch substantial forex through export of services
Boundaries between services and industry are changing fast, and about half of all services in modern industrialized economies are sold and bought while embedded in the form of goods. While the content and function of goods remain important, the designing, marketing, consultancy and advertising services claim a share of the value added to goods. Manufacturing, too, has important contribution from services, such as resource planning, warehousing, value chain analysis, …
Read More »Auto industry possesses vast potential to fetch forex
Import of used cars not bring in any investment While the auto industry has proved to be the engine of growth for any nation, in recent history, countries such as Japan, Korea, Thailand, Malaysia, Indonesia, India and Brazil have wholeheartedly supported their automobile industries and continuously making thrive. Presently there are three areas of support. Firstly, these countries have ensured 100 per cent access of domestic market to local …
Read More »How to use the Fibonacci retracement in forex trading
The Fibonacci retracement is considered a predictive technical indicator that can help investors gauge future levels of a currency pair after a sharp increase or decrease in price. More specifically, plotting the lines of the Fibonacci retracement on a chart can help traders find points of support and resistance on which to place stop-loss and take-profit orders. The Fibonacci retracement is popular among forex traders, and when used in …
Read More »How to use moving averages in forex trading
When looking directly into the real-time movements of a forex chart, traders can sometimes lose perspective of the bigger picture of what is going on in the forex market. For example, a price movement may appear significant when compared to the current price levels of a currency pair, but may in fact be quite small when viewed in the context of the pair’s historical price movements. In order to …
Read More »Foreign remittances remain a major source of earning forex for the country
After persistent decline in the country’s exports, the foreign remittances are now intend to be a major source of forex earning for the country. Efforts are underway at different levels to produce trained human resource, can serve abroad and earn precious forex for the country. In this regard, TEVTA, NAVTEC and other training institutions are playing lead role. Overseas Pakistani workers remitted $12,714.57 million in the first eight months …
Read More »
PAGE Blog Business Weekly Magazine