Accountancy & Financial matters Management blogs

by Muhammad Salman Khan. In March 2020 here in Pakistan and surrounding countries of South East Asia and other regions of the world, governments announced their policies to prevent and control the pandemic of Coronavirus and almost begin with the lockdowns in cities or in strategic areas. That was a completely unexpected event, no one was ready for it, especially the progressive employees or those who were very near in time of request for their annual increments or revision in salary packages. Now many employees in shocked and disrupted, that’s a wakeup call to leave the comfort zone, control your personal expenditures and use your self-assessment skills with the big questions and professionally make your skillset more strengthen. That makes you able to be more focused and work with more devotion in your industry. But be optimistic this is an opportunity. Yes, the pandemic has increased the uncertainty and caught us red handily unprepared i.e. psychologically , financially ...

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...

Economics Professor Richard H Thaler awarded Nobel Prize-2017:             Every Year the Committee of Nobel Prize distributes the Nobel Prize to many people of the world in different categories who served outstandingly with courage, extraordinarily  for the humanity, and mankind. This year in 2017 the Nobel Prize for Economics awarded to Professor Richard H Thaler . He served as a Professor and a facility member of University of Chicago and he awarded over his outstandingly contribution to behavioral economics. Professor Richard H Thaler born in 1945 in east orange. He worked in the field of integrated economics with psychology. In his honor in a statement, issued, The Royal Swedish Academy of Science said that “ The Sveriges Riksbank Prize in Economics Science, in memory of Alfred Nobel -2017 , has been awarded to Richard H Thaler for having incorporated psychologically realistic assumptions into an...