STRONGEST CURRENCIES IN ASIA:

Asian countries are showing remarkable growth rates during recent decades. The Asian territory is home to greatest world economies including Japan, India and China. The oil-rich nations such as Kuwait, the UAE, Oman and Iran are known as the strongest Asian currencies in the world. The Kuwaiti dinar is the strongest […]

WHY REMITTANCE TO PAKISTAN IS INCREASING?

Around 10 million Pakistanis are working abroad in different countries like Saudi Arabia, the US, UK, Kuwait and other Scandinavian countries.  A significant increase has been seen recently in the amount of money coming into the country as remittances. In October 2018, remittances sent by Pakistani workers working overseas increased by 21%, […]

HISTORICAL ANALYSIS OF ECONOMY OF PAKISTAN:

Pakistan is predominantly known as an agrarian economy, backed by a huge agriculture sector which is contributing to almost half of the gross national product since independence. Around the 1940s, a new economy of Pakistan was emerging where the population was 30 million with 6 million urban populations. At that time […]

GROWING ASIAN ECONIMIES:

The Asian part of the world is showing a remarkable pace of growth. The monetary and fiscal policy stimulus in these countries, especially India, is leading the position of high growth rates. While world is coming out of the crisis phase, Asian countries are maintaining to performing as the fastest growing […]

CURRENT STATE OF PAKISTAN’S ECONOMY:

The economy of Pakistan has gone through several ups and downs in the history and the current situation still does not give a pleasant picture. Pakistan is one of the developing countries and one can depict from it that the country will be facing issues like poverty, inflation, unemployment and low […]

Telcos’ Impact on Money Transfer Market

Right now there are many unbanked, low income people who transfer money using informal networks having high transaction cost and are susceptible to fraud and theft. This parallel economy is starting to turn heads of major telecom companies throughout the world to counter their shrinking profit rates and slow subscriber rates […]

STATE OF MONEY TRANSFER IN PAKISTAN:

Money transfers are widely used throughout Pakistan. The major form of this transfer is electronic and the major customers are businessmen and people employed in cities away from their homes. With the growing number of transactions each day, several services are being established throughout the country each promising better facilities and […]