News

Arresting the soaring trade deficit

The robust increase in exports is often regarded as one of the biggest achievements of the government by different ministers, and rightly so. But the positive impact of double-digit increase in exports is being offset by the surge in imports. In fiscal year 2018-19, when the current PTI government came to power, Pakistan recorded exports of $22.96 billion, as per data of the Pakistan Bureau of

Raast: can we bank on it?

Over the past year, we have all been bored to death of listening to that tech dudebro in our circle telling us about the impending fintech revolution in Pakistan. You probably have heard it all: from the outlandish ones predicting a crypto future with no place for fiat to how startups will dethrone existing financial services providers once Raast, the central bank’s real-time micropayments gate

With weak lira, Turkey woos foreign firms

There is a silver lining to Turkey's currency crisis and the global supply chain crunch: The country is becoming an attractive alternative at the gates of Europe for foreign firms. Turkey is seizing on its geographic advantage to woo companies as the skyrocketing cost of sea freight and pandemic-related disruptions to supply chains push some European companies to reduce their dependence on Asia

Crypto — money that you are happy to lose

Rarely has the world been more divided than over the Game of Thrones finale and investment in cryptocurrencies. Some swear by it and then some swear at people who swear by it. Given that Elon Musk’s sneeze can decide the rate of Bitcoin tomorrow, why invest in an asset class that is prone to extraordinarily high levels of volatility? ‘Crypto is easy’ “I can start investing sitting in the washr