Financial Economics

Brexit has been a hot subject in the past few weeks as the UK is nearer to withdraw itself from the EU. As Brexit is around the corner, it's becoming a great topic whether Theresa May cannot present the deal, but also passed this deal through parliament. Till now Theresa May cannot give the bill. There are many problems in the queue such as trade deal, Irish border, and EU people living in the UK and vice versa, but in this blog, we will see why the UK needs Brexit. To understand lets first see what the EU is. The European Union is a political and economic union of 28 member states that located primarily in Europe. They established the EU in 1999 and came into full force in 2002. EU has developed a single internal market through a law to all member nations. The main aim of the EU is to have a free movement of people, goods, services, and capital within the internal market. The EU also makes the rules for trade. In simple words, the EU provides a collective bargi...

The tax has become an integral part of the current situation. The main purpose of this study is to find out how the tax changes in history and the current tax system. There is a different tax for a different purpose and for a different reason but they all created to finance the government. They have started tax way back in 1799 where The Britishers collect the tax to fund the war against French and this laid the foundation of modern tax. In history, most of the tax was collected for funding wars but they have changed the definition of war for the upcoming years. Nowadays tax is been the main revenue for the government for financing its various activities. Tax changes over time.  As time changes the collection of tax also changed.  In India there is a different tax like Income tax, VAT, Excise duty etc. but all these taxes are replaced by GST. But what is tax how it starts and how many taxes are there in India till now? Be...

China Pakistan Economic Corridor (CEPC) is an initiative taken by a Chinese and Pakistani Govt. It a part of China’s One Belt One Road initiative (OBOR), CPEC is creating to boost trade between China and Pakistan and by this route, China can by-pass oceans. The CEPC plan involves constructing a network of transport, energy, industrial and agricultural projects that will stretch around 2,700 KM. from Gwadar port in Pakistan to Chinas Xinjiang. CPEC can help Pakistan to increase its export and boost its economy, as the trade between China and Pakistan can become more comfortable. It will connect two ports of Pakistan with China via roads and rails. CPEC will make across Pakistan and connect to China. So why did these projects will create problem to Pakistan we will discuss this in the Blog. 1.      Overspending on CEPC –                                         ...