Business

Introduction: The current administration's budget for 2023-24 has failed to effectively curtail expenditure, resulting in a significant increase in current expenditure. This surge in spending, coupled with heavy domestic borrowing, has led to high inflation rates. Consequently, the country's economic team leaders recognize that engaging with the International Monetary Fund (IMF) is the only viable option to unlock assistance from other multilateral and bilateral sources. However, the current budget does not align with the IMF program agreed upon by both the previous and incumbent administrations. To overcome the economic impasse, the government must either revisit the budget and align it with the IMF program or wait for the next administration to negotiate a potentially harsher program. Budgetary Shortcomings and Consequences: The budget for 2023-24 fails to present a realistic revenue target for the Federal Board of Revenue and external loans. This has hindered the gover...

  Introduction: Pakistan finds itself at a critical juncture in its quest for digital financial inclusion. Recognizing the significance of this moment, the State Bank of Pakistan and Karandaaz Pakistan, in collaboration with the Bill and Melinda Gates Foundation, have developed RAAST, a state-of-the-art payment system. This four-year endeavor marks a major milestone in enhancing the country's financial markets outreach and unleashing the full potential of the payments system. With its world-class capabilities, such as interoperability, open API-based connectivity, real-time settlements, directory function, and high throughput, RAAST ensures low transaction costs, enabling swift settlement of low-value transactions. Advantages and Potential: Pakistan is well-positioned to take a significant leap forward with RAAST due to several factors. The country boasts high cell phone penetration (80%) and broadband usage (41%) alongside a supportive regulatory framework. The 2022 Karandaa...

The USD/JPY currency pair experienced a decline during the New York session, losing over 60 pips and trading at the 139.35 area. This drop was largely attributed to the Greenback facing significant selling pressure following the release of the US Producer Price Index (PPI) data, which revealed lower-than-expected 'factory gate' inflation. The weakening of US bond yields, along with a surge in stock prices, favored the JPY and contributed to the downward pressure on the USD. The PPI report, released by the US Bureau of Labor Statistics, indicated a monthly decrease of 0.3% in May, surpassing the anticipated 0.1% decline. Additionally, the year-on-year measure fell to 1.1%. Conversely, the Core PPI figure matched expectations, rising by 0.2% on a monthly basis, with the yearly measure standing at 2.8%. These disappointing PPI figures led to a decline in US bond yields across the curve, thereby further weighing on the USD. The 10-year bond yield fell to 3.79%, while the 2-year yie...

  Introduction: Forex trading, also known as foreign exchange trading, has gained significant popularity as a way to potentially generate income and participate in the global financial markets. If you are fascinated by the world of currencies, economics, and financial markets, becoming a forex trader can offer an exciting career path. In this comprehensive guide, we will explore the steps you can take to embark on your journey and become a successful forex trader. Understand the Forex Market: The first step towards becoming a forex trader is to gain a solid understanding of the forex market. Educate yourself on the fundamental principles, terminology, and mechanics of currency trading. Familiarize yourself with concepts such as exchange rates, currency pairs, pips, leverage, and risk management. There are numerous online resources, courses, and books available that can help you grasp the essentials of forex trading. Build a Strong Foundation: To become a successful forex ...

  Introduction: In today's rapidly evolving digital landscape, the concept of remote work has gained immense popularity, offering individuals the opportunity to work from anywhere in the world. Google, a tech giant known for its innovative products and services, has recognized this trend and has been actively expanding its remote job opportunities. For entry-level professionals in Germany who dream of working at Google but lack previous experience, the company's remote job openings provide a unique chance to kickstart their careers. This article explores the possibilities for individuals with no prior experience to land a remote job at Google in Germany. Embracing Remote Work Culture: Google has embraced the remote work culture, acknowledging the numerous benefits it offers to both employees and the organization as a whole. This shift has opened up avenues for individuals with no prior experience to join the Google workforce from the comfort of their homes in Germany. By ...