Accountancy & Financial matters Management blogs

As Secretary-General with Chamber of  Commerce and Industry , on a daily basis, I am receiving phone calls and meeting many peoples from different backgrounds according to their skills and expertise in different industries. Federal and Provincial Governments announced their budget and the present slowdown economy affected the National GDP and economy very badly. According to the publicly announced budget and data from the Planning Commission of Pakistan and the Ministry of Commerce the reported growth rate in the industrial manufacturing sector 0.3. That is too much panic and the mentioned statistics badly affected the national growth. The impact on the services sector is too much high and almost many people, ex-colleagues, friends and family members in social circle lost their jobs or in some cases, they were not paid by their employer since last two months in many cases employer deducted the huge portion from the percentage of their salaries. We all are observing the sa...

Towards Fourth Economic & Industrial Revolution:             That was the 19 th century, when we see the boom in the industrialization and the means of communication. The Life cycle of the business people is rapidly changed with mass production and rapid transportation means. The time not stop here, it’s very fast. The Computer and Internet technologies came in the business market to make their calculation more accurate, more authenticate and to memories and keep safe their data figures safe for their future use. That introduce to a new era which we know today with the name as “Data Sciences” . Now People and business industries consider data as an asset for them. They working much more to protect and secure their data to make it up-to-date, accurate and authenticate to use anywhere and anytime. The impact over the capital business market is very impressive. These modern technologies helps the business operations an...

Preventive Security Measure for Business Financial information:                 It’s a digital era and all the businesses shifting their data online and they are trying to reduce the paper consumption and putting their businesses on the roadmap which is paper free are very limited numbers of papers being used there. The MNC-  Multi-National Companies acquired mega storage and data processing server to keep their all business data online to achieve the goals of accuracy, validation, safety, security, and authentication. But always be remembering that there is a huge risk being online in your business operations on the internet. The hackers, sniffers and much other opposition force and theft, hacked and manipulate your data. There are many ways to disturb a business in its online operations like password attackers , man-in-the-middle being a source and denial of service (DoS) , are possible ...