November 19, 2018
By Zeeshan Haider

Government extracted the much-needed financial support from close friend, Saudi Arabia last month, and is now waiting for the Kingdom to credit the first installment of one billion dollars from the total $3 billion of the pledged assistance to its kitty.The country would also receive oil on deferred payment of up to three billion dollars through the year from the oil rich country.A government team led by Foreign Secretary Tehmina Janjua, which included Governor of the State Bank of Pakistan and Finance Secretary, also met with the Chinese officials in Beijing last week in a follow-up to the Prime Minister Imran Khan’s visit to China to...


By Sirajuddin Aziz

The title to this piece is borrowed from Sir Max Beerbohm’s essay that I had read in eighth standard. I have since then been intrigued by the importance of the need to know how others see us. Is it important and relevant? Over decades of working experience, I believe, it is the single most important ingredient, in the development of managerial skills. With wanton abandon, today, those who are in the management of just not business but life as a whole in total, pay no attention, give no time or feel no need, to discover for themselves as to what the market place or others see us as. At best, the corporate world has conjured a name up to...


By Gillian Tett

Sometimes statistics don’t behave as predicted. Take the thorny issue of US-China trade and Donald Trump.Earlier this year, the US president expressed fury about the size of America’s bilateral trade deficit with China and imposed escalating tariffs on $250bn worth of Chinese imports. The assumption inside the White House was that this would cause the deficit to shrink, since American companies would produce more goods at home and/or find ways to avoid costlier imports.But that theory has not played out — or not yet. Far from it. Last week the US government released data showing that America’s deficit in traded goods with China...


By Camilla Cavendish

If every country has a national story, Britain’s is that of plucky little Blighty, triumphing against the odds. No other nation would have turned the retreat from Dunkirk into a blockbuster film. Even now, at this moment of maximum peril, extreme Brexiters retain the fantasy that we can still “sock it to them”. It would stick in the craw for us Brits to ask Brussels to stop the clock. But we may have to try.Theresa May was never going to get a “good” Brexit deal — no one could. But it is monstrous to claim, as the prime minister did on Thursday, that “this deal delivers what people voted for and it is in the national...


By Mehtab Haider.

In the face of emerging Internet security challenges, Pakistan’s banking sector is poised to safeguard its depositors from threats of massive frauds and this objective calls for foolproof information technology systems and continuous upgrade of protection protocols and firewalls.At a time when total deposits of all scheduled banks in the country have swelled from Rs1,532 billion in 2002 to Rs13,031 billion till November 2018, the sector along with its regulator is responsible for ensuring safety of depositors’ details as well as their hard-earned money.Armed with the latest technology and adept at detecting loopholes in the porous...


By Sirajuddin Aziz

Life is too short to be little . No fresh entrant or a management trainee should aim anything less than becoming the chief executive officer or the managing director of the institution, he or she joins. And in case, you have no such desire, do ask yourself, why not? Those who do not aim in life tend to also not achieve anything worth the mention. Our lives, given to us, are a trust reposed by HIM, to do acts of goodness and nobility. Having aspirations or being ambitious is not a negative thing. It makes us diligent. Staying in the valley, shall never get you over the hill. Abdication of ambition or desires is the initiation of the process...


By Web Desk

Investors have little fear of congressional gridlock. Markets have taken this week’s US midterms in their stride, and not just because the results were largely as they expected. The US stock market has a strong historical record of rising in the 12 months after midterm elections — including those in which the presidential party has lost one or both houses of Congress.Yet the market may be underestimating the extent to which this election could mark a shift. For investors, the first half of Donald Trump’s four-year term has been largely dominated by market-friendly fiscal stimulus and deregulation measures. As the 2020 presidential...


By Chris Giles.

Assume for a moment that a Brexit deal is struck soon. Then, one of the next steps towards ratification will be two official economic assessments, from the Bank of England and the government, of the effect of any agreement on the UK economy. The good news is that I can already reveal what these assessments must say if they want to be seen as plausible.We already know the rough outlines of the withdrawal agreement and political declaration on a future economic relationship. As was obvious as early as the summer, Britain will stand ready to join a “temporary” customs union with the EU after the transition period, which will last “unless...


By Mehtab Haider.

After exhausting all options from friendly countries especially from Saudi Arabia and China for obtaining financial packages, the Pakistan Tehreek-e-Insaf- led government is all set to kick-off formal parleys with the International Monetary Fund mission this week to ascertain the size and shape of a possible bailout program and its terms. Despite a near weeklong agitation that held whole country hostage following Tehreek-e-Labbaik Pakistan’s nationwide protests that it launched disputing a Supreme Court ruling, IMF mission’s schedule remains unchanged. The team will land in Islamabad on November 7, 2018 and will stay there for...