In the month of December in 2013, the Forex saw the value of the Pakistani Rupee nosedive to a record low. The exchange rate back then was Rs 111 to the dollar. In the June of this year, the Finance Minister claimed to have managed to increase the value of the Pak Rupee by 11% since the advent of the PML-N government. The rate at the time of this claim
From 32 teams to 16 teams. From 16 to 8. From 8 to just 4 and then to the final two: Argentina and Germany. And the winner of the FIFA world cup 2014 is… Pakistan!! Well isn’t it obvious that when Argentina and Germany played on July 13th 2014 we won? Let me explain. As almost every Pakistani knows by now, Pakistan is the proud manufacturer of the football used in
Pakistan’s economy is a fairly unique one amongst other world economies, one where the idea of a receipt framework is either not strictly enforced or is completely overlooked. The Pakistani economy is generally cash-based and a huge part of it does not exist on the books, working as an alternate economy that does not contribute to tax revenue or follow regulations. As indicated by a report published by Bloomberg BusinessWeek,
Could you have ever imagined any connection between Ramadan and the performance of stock markets? As surprising as it may be, a recent study revealed that in countries with a majority of Muslims, the stock market returns were nine times higher in Ramadan as compared to the other months. The findings of this study also show that market volatility decreased during this time too. Wow! Of all the benefits of
Alhamdullillah, Ramadan is here again! The “Shalwar Kameez” and ‘Topi’ are out, the masajid are full, you can smell pakora’s everywhere in the evening and every single person knows the time for Fajr and Maghrib prayers… down to the EXACT second! Yes, Alhamdullillah, Ramadan is here again! But is it the same Ramadan that we are used to? Correct me if I am wrong but doesn’t Ramadan feel bigger, shinier
You have likely heard about Bitcoins, and perhaps you’ve followed their rapid ascent in the marketplace over the last six months. But when we talk about using Bitcoins and the increasing popularity of the monetary system, what exactly are we talking about? The short answer is digital money. Bitcoins are a form of money, just like the American dollar, the Euro, the rupee and the pound. The primary difference is
Everybody knows that Pakistan has had an acute energy crisis for the past four years. All we get are tall claims and no results at all. And – not surprisingly – the budget doesn’t address this area as it should have! Growth has been persistently low. This coupled with the ever-increasing youth population of the country is taking the unemployment problem to a whole new level (not to mention the
What will become of your family if you die or become disabled tomorrow? A very scary thought indeed, but this thought crosses our minds every now and then. Risks are an inherent part of life; the possibility of having your car stolen, or getting involved in an accident, the chance of your house being destroyed by a fire and many other such risks are a part of our lives; especially
Do you want to make money online without having to rely on advertising revenue? Are you tired of promoting other people’s products and do you wish you could sell your own instead? Then why not go ahead and do it? Selling your own information products is one of the best ways to make money online. Let’s take a look at why selling information products can be a better option for
The essence of Islamic banking lies in the rejection of interest for loaning of money and in only making investments in businesses that provide goods or services that are consistent with Islamic principles. It is a relatively new field in modern banking. The first Islamic banks appeared in the late 20th century with the help and guidance of world renowned Islamic scholars and financial experts to apply Sharia-compliant banking principles