Questions tagged [pakistan]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
1
vote
2answers
152 views

What to do when a good job offer is made with good salary but we are confused about salary?

Last week I got a job offer from the place where I was interviewed for a position as civil engineer. I have been informed that I will receive a monthly salary of RS 50,000. I will have not have to ...
2
votes
2answers
195 views

Should we keep our savings in several different accounts?

I read a story about a bank's closure and its assets being seized, depositors losing their money. I want to ask if one should be keeping his money divided into several different banks instead of one ...
1
vote
1answer
158 views

Can US based client of my brother transfer me his pay and I pay my brother the equivalent in cash?

My brother works in field of Digital Marketing at Pakistan. His clients are mostly in United States. His clients normally pay him via wire transfer which works fine but some money gets deducted from ...
0
votes
2answers
50 views

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account. Do I lose out when considering my salary initial figure quoed in GBP but then received in Rs local currency ...
5
votes
6answers
3k views

Is it better to use cash when cards offer discounts

I am new to budgeting and managing my own finances and have a simple question. Is it better to use cash when credit or debit cards offers discounts. The city I live in, some shops and services offer ...
2
votes
2answers
202 views

Retirement savings vs building lucrative assets

I am 27. I wanted to start a retirement savings account but my father explained that there would be much more profit if instead of a retirement account, I focus on making investments and building ...
2
votes
1answer
38 views

Personal finance in EFU and NAFA

I have invested in management growth fund from EFU and National bank NAFA. I want to know why my investment is having loss in 4 to 5 months. I have about 140,000.00 loss every month. Should I ...
1
vote
2answers
174 views

Should retirement fund be equal to amount of money needed for financial independence?

Retirement funds aren't very common in Pakistan but I got interested in them reading question and answers on this forum. I want to know ideally how much should a person save for retirement funds? I ...
1
vote
2answers
2k views

Can we open a bank account in GBP in Pakistan

Can we open a bank account in GBP in Pakistan, I am thinking about taking 14K in GBP with me to Pakistan while flying there. I would like to buy a house for one of relative but if plan changed I ...
0
votes
4answers
212 views

How can I raise finance to build a home for my family

I live in Pakistan. I am a software engineer with 3 years of experience, I am currently living in the house which can collapse any moment with my family in it. Recently I started looking for a home ...
2
votes
3answers
281 views

Using property to achieve financial independence

I am working towards financial independence. The most impressive rate of returns in Pakistan have been in buying property; It provides a greater return than inflation. The property could be rented ...
1
vote
3answers
172 views

How can I decide whether do a masters even if I have go into debt after doing it?

I have an undergrad from a reputable university. I am doing well. My friends from University are pursuing more education from other countries. I have two options, Quit my day job and start doing a ...
3
votes
2answers
906 views

What options do I have to transfer money to UK

Some Background I have been working full time in UK for last 5 years and had been sending my savings through different means e.g. western union, taking with me while flying(undeclared as they were ...
1
vote
1answer
114 views

Can an individual invest in stocks outside his country?

Sorry for the dumb question. I want to know if I can invest in New York Stock Exchange from Pakistan? What are the pros and cons?
1
vote
1answer
147 views

Should I spend all my income (excluding expenses) to buy a flat?

I need a flat for myself in 4-5 years. I live with my parents with whom I can live for the next 4-5 years. I have 3 months emergency fund saved. I am looking forward to buy a flat. I am confused in a ...
2
votes
2answers
245 views

What is the best place to put one's emergency funds?

I have been able to save 3 months expenses. I want to save it separately so I don't mix it or use it by mistake while using my debit card. My bank doesn't allow a separate emergency fund account. ...
5
votes
4answers
1k views

How do I choose between buying a car or buying a plot of land in Pakistan?

I live in Pakistan, have worked hard to save for a car but I have realized I have bigger financial troubles to deal with than just buying a car. I live in my parent’s house and I need to buy my own ...
2
votes
2answers
272 views

Sell your home and invest in growth stock mutual fund

I purchased a home and I made an agreement with a guy who is living in that home and paying me monthly rent. Since I live with my brother I don't have to live in my purchased home. The rent I'm ...