Category: Banking

Man who broke the Bank of England

George Soros was born in Hungary to a Jewish family who refuged to England during the World War II occupation of Hungary by German Nazis.  Soros did BA, MA from London School of Economics and Ph.D. from University of London where he was student of famous philosopher Karl Popper. Soros has worked in multiple merchant… Continue reading Man who broke the Bank of England

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Trade Deficit shrinks by 27% YoY in FY20

Pakistan Bureau of Statistics released the Balance of Trade data today. Trade deficit shrinks by 20% YoY in Jun’20 to $2,123mn. Trade balance closed FY20 with 27% YoY reduction in deficit from $31.8bn in FY19 to $23.2bn in FY20. Export and Imports both plunged YoY in FY20 by 7% and 19%, respectively.

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