Recession is Coming !

At first blush, it seems like the coronavirus pandemic is shutting down the economy everywhere, equally, with frightening force and totality. In many respects, that’s true: Across the country, consumer spending—which supports 70% of the economy—is crashing in community after community, as people avoid stores, restaurants, movie theaters, offices, and other public places. Already, the layoffs have begun, with reports coming in from both big … Continue reading Recession is Coming !

$ 30 Million collected from Expats under ‘PAKISTAN BANAO CERTIFICATES’

The Pakistan Tehreek-e-Insaaf led government has collected around $30 million under the ‘Pakistan Banao Certificate’ (PBC) from the Pakistani diaspora living abroad. Earlier this year, the government had launched Pakistan Banao Certificate which overseas Pakistanis could buy. The certificates were aimed at getting more investment from overseas Pakistanis to revive the economy. According to Finance Ministry Spokesperson Umar Hameed, Pakistan Banao Certificate is a script-less … Continue reading $ 30 Million collected from Expats under ‘PAKISTAN BANAO CERTIFICATES’

Sticky post

50/20/30 Budget Rule Explained

Senator Elizabeth Warren popularized the 50/20/30 budget rule in her book “All Your Worth: The Ultimate Lifetime Money Plan.” The basic rule is to divide after-tax income, spending 50% on needs and 30% on wants while allocating 20% to savings. Needs Needs are those bills that you absolutely must pay and are the things necessary for survival. These include rent, car payments, groceries, insurance, health … Continue reading 50/20/30 Budget Rule Explained

Termination of PKR 40,000 bonds leads to PKR 177.4Billion documentaries

Around Rs177 billion has been documented since the termination of Rs40,000 denomination bearer prize bonds, announced by the fiscally strapped government in June as part of its ongoing clampdown on the rampant black economic activities. According to official statistics made available to The News on Friday, the total investment in bearer prize bonds of Rs40,000 denomination fell to Rs81.38 billion by July-end 2019 as compared … Continue reading Termination of PKR 40,000 bonds leads to PKR 177.4Billion documentaries