Sunday, January 11, 2009

Not Lucky anymore!!!

Formally declared ! we are in recession phase! ..... All that free market theories failed and now Govts. are in to save us all!

Lots and lots of tips that how to keep yourseld in this critical economic situation.
Banking industry in Pakistan is facing a very hard time and the SBP is making the regulations more strict. Ultimately we are going back to that era in which the banks only invested in the T-Bills and allowed a very handsome profit on the deposits. Economic activities are getting slower! 

But the shock in less in our region as compare to Other areas of the world. 

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