Video:
https://www.youtube.com/watch?v=C_FOmq5K4p8
*******
Maro Vyaapar Maari Pragati 2.0 Session 7
Video:
https://www.youtube.com/watch?v=d07aqdX_fP0
Aga Khan Economic Planning Board Activities
https://www.iiuk.org/campaigns/web_view ... d=MTE0MDk=
Bismillahi-rahmani-rahim.
Dear Brothers and Sisters,
Ya Ali Madad.
I am writing to update the Jamat on the current economic situation in the United Kingdom and how the Aga Khan Economic Planning Board (AKEPB) is ready to support the Jamat.
The outlook for the UK economy remains uncertain. The effects of Brexit and the Covid-19 pandemic are likely to be with us for some time to come. In addition, there are fresh challenges in the form of inflationary pressures, labour shortages and widespread supply-chain disruptions. As a result, we urge the Jamat to remain cautious.
Many sectors have enjoyed a short-term pent up demand boost following the relaxation of physical distancing rules and the lifting of travel restrictions. Households and businesses have received unprecedented governmental support since the onset of the Covid-19 pandemic. These support measures are now being scaled back. A 1.25% tax hike to fund social care will come into effect next April and it is our opinion that this may be the beginning of a multi-year process to put government finances on a more stable footing. Further details were communicated in this week’s Autumn Budget and Spending Review. In addition to the prospect of tax increases, there is the possibility that the Bank of England may implement contractionary monetary policy through increasing interest rates in the coming months to manage inflation. For businesses or homeowners with variable rate loans and or mortgages, this may result in a rise in monthly debt service payments. Conversely, this could be welcome for savers via increasing their return at a low risk, although there is uncertainty as to whether this will keep up with the inflation rate.
The rapidly changing economic landscape presents concurrent opportunity in a plethora of different areas. For instance, de-carbonisation, which is now a key focal point for the government. Indeed, the UK has announced a net zero strategy as part of a series of measures to transition towards a greener and more sustainable future. One such measure is encouraging households to switch from gas boilers to low-carbon heat pumps by offerings grants of up to £5,000, which in turn will create more work for tradesmen such as electricians and plumbers.
Another opportunity stemming from the pandemic is the ability to seek remote work through either employment or setting up online businesses. There have been numerous examples of murids expanding their online businesses during this period and you can listen to some of their stories here. These Jamati members have kindly agreed to act as mentors to anyone looking to start a business from home, so if this is something that is of interests, please contact us at [email protected]
Alhamdulillah many in our Jamat have built successful enterprises in sectors such as real estate, hospitality and care homes to name a few. However, if you have been successful, we urge you not to be complacent. Technology is disrupting every sector and we must evolve. We would encourage all businesses to embrace technology and start preparing for these challenges.
Regarding your personal finances, we advise you to continue to exercise prudence. You may have noticed prices have started to rise for many everyday items including groceries and energy consumption. The latter in particular may be causing some concern; please see the attached guide for our guidance. Unfortunately, it is unclear when these price rises will moderate. As mentioned before, interest rates are likely to increase soon and so the Jamat should prepare for higher housing-related costs.
The Aga Khan Economic Planning Board (AKEPB) runs a number of programmes and makes available resources to support the Jamat with furthering careers, building businesses and managing personal finances. AKEPB also provides confidential assistance to individuals on any queries you may have regarding your personal finances, employment and businesses Please visit the.ismaili/uk/akepb for a list of some of our initiatives or reach out to the AKEPB on [email protected]
Finally, I would like to thank the many volunteers in AKEPB for their tireless efforts in serving the Jamat. Should you be interested in joining our team and supporting your fellow murids, please get in touch with me or any member of the Board.
Thank you and Ya Ali Madad.
Salim Janmohamed
AKEPB Chairman
Bismillahi-rahmani-rahim.
Dear Brothers and Sisters,
Ya Ali Madad.
I am writing to update the Jamat on the current economic situation in the United Kingdom and how the Aga Khan Economic Planning Board (AKEPB) is ready to support the Jamat.
The outlook for the UK economy remains uncertain. The effects of Brexit and the Covid-19 pandemic are likely to be with us for some time to come. In addition, there are fresh challenges in the form of inflationary pressures, labour shortages and widespread supply-chain disruptions. As a result, we urge the Jamat to remain cautious.
Many sectors have enjoyed a short-term pent up demand boost following the relaxation of physical distancing rules and the lifting of travel restrictions. Households and businesses have received unprecedented governmental support since the onset of the Covid-19 pandemic. These support measures are now being scaled back. A 1.25% tax hike to fund social care will come into effect next April and it is our opinion that this may be the beginning of a multi-year process to put government finances on a more stable footing. Further details were communicated in this week’s Autumn Budget and Spending Review. In addition to the prospect of tax increases, there is the possibility that the Bank of England may implement contractionary monetary policy through increasing interest rates in the coming months to manage inflation. For businesses or homeowners with variable rate loans and or mortgages, this may result in a rise in monthly debt service payments. Conversely, this could be welcome for savers via increasing their return at a low risk, although there is uncertainty as to whether this will keep up with the inflation rate.
The rapidly changing economic landscape presents concurrent opportunity in a plethora of different areas. For instance, de-carbonisation, which is now a key focal point for the government. Indeed, the UK has announced a net zero strategy as part of a series of measures to transition towards a greener and more sustainable future. One such measure is encouraging households to switch from gas boilers to low-carbon heat pumps by offerings grants of up to £5,000, which in turn will create more work for tradesmen such as electricians and plumbers.
Another opportunity stemming from the pandemic is the ability to seek remote work through either employment or setting up online businesses. There have been numerous examples of murids expanding their online businesses during this period and you can listen to some of their stories here. These Jamati members have kindly agreed to act as mentors to anyone looking to start a business from home, so if this is something that is of interests, please contact us at [email protected]
Alhamdulillah many in our Jamat have built successful enterprises in sectors such as real estate, hospitality and care homes to name a few. However, if you have been successful, we urge you not to be complacent. Technology is disrupting every sector and we must evolve. We would encourage all businesses to embrace technology and start preparing for these challenges.
Regarding your personal finances, we advise you to continue to exercise prudence. You may have noticed prices have started to rise for many everyday items including groceries and energy consumption. The latter in particular may be causing some concern; please see the attached guide for our guidance. Unfortunately, it is unclear when these price rises will moderate. As mentioned before, interest rates are likely to increase soon and so the Jamat should prepare for higher housing-related costs.
The Aga Khan Economic Planning Board (AKEPB) runs a number of programmes and makes available resources to support the Jamat with furthering careers, building businesses and managing personal finances. AKEPB also provides confidential assistance to individuals on any queries you may have regarding your personal finances, employment and businesses Please visit the.ismaili/uk/akepb for a list of some of our initiatives or reach out to the AKEPB on [email protected]
Finally, I would like to thank the many volunteers in AKEPB for their tireless efforts in serving the Jamat. Should you be interested in joining our team and supporting your fellow murids, please get in touch with me or any member of the Board.
Thank you and Ya Ali Madad.
Salim Janmohamed
AKEPB Chairman
MVMP 2.0 Team Leaders - Session 4
Video:
https://www.youtube.com/watch?v=hGyyy0E8f2A
Steady understanding of the participants journey in-depth and handholding them through the process, mentoring them clarifying their doubts and supporting them in their business endeavours.
********
Maro Vyaapar Maari Pragati 2.0 Session 9
Video:
https://www.youtube.com/watch?v=hybWRi-Pkik
-Learning the importance of Digital Marketing and its far-reaching effects.
-Understanding how going digital with your business can help you get automated sales without any physical presence of your business.
-Learning the ecosystem of online business and generating leads even when you sleep.
-Understanding consumer demographics and best tactics of Digital Marketing from a renowned Digital Marketer - Deepak Kanakaraju
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below:
Video:
https://www.youtube.com/watch?v=hGyyy0E8f2A
Steady understanding of the participants journey in-depth and handholding them through the process, mentoring them clarifying their doubts and supporting them in their business endeavours.
********
Maro Vyaapar Maari Pragati 2.0 Session 9
Video:
https://www.youtube.com/watch?v=hybWRi-Pkik
-Learning the importance of Digital Marketing and its far-reaching effects.
-Understanding how going digital with your business can help you get automated sales without any physical presence of your business.
-Learning the ecosystem of online business and generating leads even when you sleep.
-Understanding consumer demographics and best tactics of Digital Marketing from a renowned Digital Marketer - Deepak Kanakaraju
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below:
Maro Vyaapar Maari Pragati 2.0 Session 10
Video:
https://www.youtube.com/watch?v=ZGcjtOYMy3Y
- Mastering the importance of Stock Management in a growing business, understanding its significance and importance.
- Learning how effective management of stocks in business positively impacts growth, improving the overall customer purchase experience.
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below
https://forms.gle/izxzfHHFdhkJoRVc6
Video:
https://www.youtube.com/watch?v=ZGcjtOYMy3Y
- Mastering the importance of Stock Management in a growing business, understanding its significance and importance.
- Learning how effective management of stocks in business positively impacts growth, improving the overall customer purchase experience.
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below
https://forms.gle/izxzfHHFdhkJoRVc6
AKEPB, I Presents Get Job Ready - Session 5
Video:
https://www.youtube.com/watch?v=fWGygpBR4JE
Get Job Ready 2021 is a six-session series to help Young professionals and College students Get ready for the Job Market in 2021. The sessions include - Career trends, Softskills - Resume and Interview tips, Linkedin and will also introduce participants to new concepts such as the Gig Economy, Certifications, Companies that guarantee jobs, etc.
This series is a must-attend for anyone in their early career, college students or mid-career professionals looking to change their industry or alter their career path."
Video:
https://www.youtube.com/watch?v=fWGygpBR4JE
Get Job Ready 2021 is a six-session series to help Young professionals and College students Get ready for the Job Market in 2021. The sessions include - Career trends, Softskills - Resume and Interview tips, Linkedin and will also introduce participants to new concepts such as the Gig Economy, Certifications, Companies that guarantee jobs, etc.
This series is a must-attend for anyone in their early career, college students or mid-career professionals looking to change their industry or alter their career path."
Maro Vyaapar Maari Pragati 2.0 Session 12
Video:
https://www.youtube.com/watch?v=KZ9U_KdFFz8
*******
Maro Vyaapar Maari Pragati 2.0 Session 11
Video:
https://www.youtube.com/watch?v=OL8KnWxrJm4
Video:
https://www.youtube.com/watch?v=KZ9U_KdFFz8
*******
Maro Vyaapar Maari Pragati 2.0 Session 11
Video:
https://www.youtube.com/watch?v=OL8KnWxrJm4
Retirement Savings Program
The National Economic Planning Board USA has dedicated February as Retirement Savings Month. It is VITAL that you plan for your retirement as it will provide an improved quality of life in later years. Informational webinars and knowledge articles will be shared throughout the month to help you start your journey.
The National Economic Planning Board has dedicated February as Retirement Savings Month, so we encourage readers to reflect upon a few key points about planning for one's future.
The last two years during this pandemic, have provided us with a means to reflect and to bring into focus the importance of a balanced life. As we move through the current challenges, let us focus on how to improve our quality of life not only today but during our later years in retirement. The first step is to open a retirement account and take the necessary steps of funding it on a regular basis. This commitment is crucial in building your nest egg for the future and ensuring your quality of life is maintained.
Despite our specific circumstances, each of us hopes that there will be a time in our life when we can retire and enjoy our senior years with comfort and dignity. In order to ensure a comfortable life during our golden years, it is important for everyone to plan and save enough money to cover our living expenses and support our desired lifestyle.
The National Economic Planning Board has dedicated February as Retirement Savings Month, so we encourage readers to reflect upon a few key points about planning for one's future. This month we will focus on some key areas:
Savings for Retirement
Do you have retirement savings account for yourself? It is important to maximize your contribution allowed under federal rules and make a monthly contribution as part of your monthly budget. Do you know the retirement savings contribution limits for 2022? Is pre-tax (Traditional IRA) OR after-tax (Roth IRA) better? Does your spouse have a retirement account? Consulting with your CPA and financial advisor can help answer many of these questions.
Health Savings Account
As we age, the medical costs also increase, and we must be prepared to cover these. How can we save for them so that they may be used later in our retirement? Health Savings Account (HSA) is one such vehicle and is only available with high deductible health plans. However, if you have pre-existing conditions this type of plan may NOT be the best option for you.
Long Term Care
Long Term Care is insurance coverage that provides funds for care later in our retirement. Generally, our families help take care of us, but what if they are unable to do so? The cost of individual care at a facility or even with a private caregiver at home is increasing every year and generally must be paid for by ourselves. Let us start by understanding how it works and what options are best suited for you so that you can start making informed decisions.
Social Security
Social Security plays an important role in this country. An annual checkup of one's account is important. Also, is the earnings information in the account, correct? What is your full retirement age and what monthly benefits are you eligible for? The age at which one should apply for benefits depends on one's health and other factors, in order to maximize the amount received. All this information will help you plan for your retirement.
Tax Savers Credit
If you meet certain income limits, the IRS provides you with tax credits. Do you qualify for this free money? If so, are you taking advantage of it? Consulting with your CPA!
Power of Compounding
The most powerful way to have your money grow? A little growth every year that is reinvested will continue to grow your money. If the roots are strong the tree will be bountiful and multiply. Do you know how your investments are growing?
Emergency Fund
Since March of 2020, we have been faced with a pandemic which has meant financial challenges. It is so important to have an emergency fund to help navigate through such times. Do you have an emergency fund? Is it enough to cover your expenses in case you lose your job or business? How long will it last?
Our goal is to ensure Jamat is aware of the importance of saving and taking necessary steps to not only open a retirement account but also to regularly fund their retirement savings account.
You can learn about more ways to secure your future by registering for the following webinars: Session 1 can click here to register for the retirement savings webinar on January 30, 2022, at 11:00 am. CT.
More....
https://the.ismaili/usa/retirement-savings-program
The National Economic Planning Board USA has dedicated February as Retirement Savings Month. It is VITAL that you plan for your retirement as it will provide an improved quality of life in later years. Informational webinars and knowledge articles will be shared throughout the month to help you start your journey.
The National Economic Planning Board has dedicated February as Retirement Savings Month, so we encourage readers to reflect upon a few key points about planning for one's future.
The last two years during this pandemic, have provided us with a means to reflect and to bring into focus the importance of a balanced life. As we move through the current challenges, let us focus on how to improve our quality of life not only today but during our later years in retirement. The first step is to open a retirement account and take the necessary steps of funding it on a regular basis. This commitment is crucial in building your nest egg for the future and ensuring your quality of life is maintained.
Despite our specific circumstances, each of us hopes that there will be a time in our life when we can retire and enjoy our senior years with comfort and dignity. In order to ensure a comfortable life during our golden years, it is important for everyone to plan and save enough money to cover our living expenses and support our desired lifestyle.
The National Economic Planning Board has dedicated February as Retirement Savings Month, so we encourage readers to reflect upon a few key points about planning for one's future. This month we will focus on some key areas:
Savings for Retirement
Do you have retirement savings account for yourself? It is important to maximize your contribution allowed under federal rules and make a monthly contribution as part of your monthly budget. Do you know the retirement savings contribution limits for 2022? Is pre-tax (Traditional IRA) OR after-tax (Roth IRA) better? Does your spouse have a retirement account? Consulting with your CPA and financial advisor can help answer many of these questions.
Health Savings Account
As we age, the medical costs also increase, and we must be prepared to cover these. How can we save for them so that they may be used later in our retirement? Health Savings Account (HSA) is one such vehicle and is only available with high deductible health plans. However, if you have pre-existing conditions this type of plan may NOT be the best option for you.
Long Term Care
Long Term Care is insurance coverage that provides funds for care later in our retirement. Generally, our families help take care of us, but what if they are unable to do so? The cost of individual care at a facility or even with a private caregiver at home is increasing every year and generally must be paid for by ourselves. Let us start by understanding how it works and what options are best suited for you so that you can start making informed decisions.
Social Security
Social Security plays an important role in this country. An annual checkup of one's account is important. Also, is the earnings information in the account, correct? What is your full retirement age and what monthly benefits are you eligible for? The age at which one should apply for benefits depends on one's health and other factors, in order to maximize the amount received. All this information will help you plan for your retirement.
Tax Savers Credit
If you meet certain income limits, the IRS provides you with tax credits. Do you qualify for this free money? If so, are you taking advantage of it? Consulting with your CPA!
Power of Compounding
The most powerful way to have your money grow? A little growth every year that is reinvested will continue to grow your money. If the roots are strong the tree will be bountiful and multiply. Do you know how your investments are growing?
Emergency Fund
Since March of 2020, we have been faced with a pandemic which has meant financial challenges. It is so important to have an emergency fund to help navigate through such times. Do you have an emergency fund? Is it enough to cover your expenses in case you lose your job or business? How long will it last?
Our goal is to ensure Jamat is aware of the importance of saving and taking necessary steps to not only open a retirement account but also to regularly fund their retirement savings account.
You can learn about more ways to secure your future by registering for the following webinars: Session 1 can click here to register for the retirement savings webinar on January 30, 2022, at 11:00 am. CT.
More....
https://the.ismaili/usa/retirement-savings-program
Re: Aga Khan Economic Planning Board Activities
[b}VIDEO: Maro Vyaapar Maari Pragati 2.0 Session 16 - Decision Making[/b]
Video:
https://www.youtube.com/watch?v=D-Q6vGX0HBA
Learning the art of making strategic decisions that benefit a business and help the business grow significantly.
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below
https://forms.gle/izxzfHHFdhkJoRVc6
Sessions are held in Hindi and Gujrati, every alternate Sunday
Video:
https://www.youtube.com/watch?v=D-Q6vGX0HBA
Learning the art of making strategic decisions that benefit a business and help the business grow significantly.
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below
https://forms.gle/izxzfHHFdhkJoRVc6
Sessions are held in Hindi and Gujrati, every alternate Sunday
Impact of the current conflict on sub Saharan Africa
As all are aware the current geopolitical scenario and ongoing military conflicts are holding a significant impact on societies, economies, organizations, and communities. In Africa, the conflict is expected to generate a commodity crisis as most food is reliant on exports from countries undergoing conflict.
With such context, it is key and critical that we adjust and adapt our livelihoods and lifestyles with practical precautionary measures to prepare against such adverse impacts on our current local reality.
Below are some practical advice tips to consider as we go through this sensitive and critical cycle:
The economic threats will become visible in the coming months and involve:
- Supply shortages for oil-related products, metals, wheat, maize, and related import costs are expected to increase (ie buying price, financing costs, freight, warehousing, as examples). Seeking replacements and alternatives preferably locally could serve well as a business stability strategy
- Borrowing is also becoming more expensive as the government increased reference interest rates to encourage savings and reduce families’ consumption. In parallel, buying stock on credit will become more difficult and expensive as a reflection of rising borrowing costs
- Distribution and Transportation costs will also increase as oil and petrol prices are rise hence the stock delivery costs will likely rise too.
- Currency is also likely to be impacted and devaluate as the country will need more foreign currency to import the same amount of oil.
It is therefore advisable to take precautionary and preventative measures in our households to create saving buffers and reduce non-essential expenses:
- Take extra care when investing or in non-essential expenses – saving cash should be a priority
- Family and business budgets should be strict and realistic, non-essential expenses should be cut, and essential expenses should align with withheld income.
- Where possible generate regular savings even if in small amounts, investing in fixed deposit accounts as small, accumulated steps can take you a long way in the long run.
- Avoid borrowing or capital-intensive new ventures, excessive or unnecessary business risk
- Trade carefully on ‘a day at a time’ basis to manage your cash. Decrease stock and increase product rotation where possible to better manage business risk and generate returns
- Prioritize holding some cash to manage unexpected cost rises and to be able to purchase a stock that has faster rotation for better returns.
As always, changes can be scary specially when seen so abruptly and so quickly but with resilience, preparation, and thoughtful planning we will be better placed to face the future.
For more information, please contact the Economic Matters team – [email protected](link sends e-mail) or [email protected](link sends e-mail)
https://the.ismaili/mozambique/impact-t ... ran-africa
With such context, it is key and critical that we adjust and adapt our livelihoods and lifestyles with practical precautionary measures to prepare against such adverse impacts on our current local reality.
Below are some practical advice tips to consider as we go through this sensitive and critical cycle:
The economic threats will become visible in the coming months and involve:
- Supply shortages for oil-related products, metals, wheat, maize, and related import costs are expected to increase (ie buying price, financing costs, freight, warehousing, as examples). Seeking replacements and alternatives preferably locally could serve well as a business stability strategy
- Borrowing is also becoming more expensive as the government increased reference interest rates to encourage savings and reduce families’ consumption. In parallel, buying stock on credit will become more difficult and expensive as a reflection of rising borrowing costs
- Distribution and Transportation costs will also increase as oil and petrol prices are rise hence the stock delivery costs will likely rise too.
- Currency is also likely to be impacted and devaluate as the country will need more foreign currency to import the same amount of oil.
It is therefore advisable to take precautionary and preventative measures in our households to create saving buffers and reduce non-essential expenses:
- Take extra care when investing or in non-essential expenses – saving cash should be a priority
- Family and business budgets should be strict and realistic, non-essential expenses should be cut, and essential expenses should align with withheld income.
- Where possible generate regular savings even if in small amounts, investing in fixed deposit accounts as small, accumulated steps can take you a long way in the long run.
- Avoid borrowing or capital-intensive new ventures, excessive or unnecessary business risk
- Trade carefully on ‘a day at a time’ basis to manage your cash. Decrease stock and increase product rotation where possible to better manage business risk and generate returns
- Prioritize holding some cash to manage unexpected cost rises and to be able to purchase a stock that has faster rotation for better returns.
As always, changes can be scary specially when seen so abruptly and so quickly but with resilience, preparation, and thoughtful planning we will be better placed to face the future.
For more information, please contact the Economic Matters team – [email protected](link sends e-mail) or [email protected](link sends e-mail)
https://the.ismaili/mozambique/impact-t ... ran-africa
ECONOMIC & FINANCIAL PLANNING Building for success in the future
Building for success in the future
Economic Updates from the Council for Canada
May 3, 2022 | Canada
The Council for Canada would like to provide an update on the current economic climate and its potential impact.
Canada is in the midst of a robust economic recovery following the disruption caused by the pandemic. During this disruption, the Canadian economy, like the rest of the world, was shut down to stop the spread of the virus. Over 2 million jobs were lost at the height of the pandemic. However, all levels of government responded swiftly to provide stimulus to businesses and individuals through emergency response measures, in order to help prevent business closures, and encourage spending and investment. With high vaccination rates and the gradual lifting of restrictions nation-wide, the job market has recovered substantially. For high-demand vocations, the labour market offers better career opportunities and higher wages.
While there is cause for optimism for a return to a new normal, the following factors will continue to be in effect in the short-and-medium term:
- Inflation is at a 30-year high due to supply-chain issues, higher wages and the conflict in Ukraine. This will mean continued higher prices for groceries, household products, services, utilities, fuel and other commonly used items.
- Interest rates are likely to continue to rise in the coming months, and into 2023. This will increase the cost of borrowing, including mortgages, and put downward pressure on the value of bonds and stocks.
- The cost of housing has increased substantially due to historically low interest rates, more millennials entering the housing market, rising immigration, higher family savings and increased construction costs. Demand for housing will likely continue to outstrip supply in Canada’s major cities. However, demand and purchasing power are expected to decrease as interest rates rise.
- Energy prices: Global conflict is expected to keep the price of oil high in the short-term, resulting in higher gas prices at the pump and increased gas and electricity costs.
- Market Risk: Asset values, financial market conditions and currency values will continue to be unstable and volatile.
- Technology: The pandemic has accelerated digital automation, remote work and artificial intelligence. This trend will continue to increase demand for highly-skilled technology workers and put jobs at risk for lower-skill occupations.
What can you do to manage in such uncertain economic conditions?
Review your family budget
- Anticipate an increase of up to 10-15% in your family expenses in the coming months and determine how you can adjust your budget if needed.
- This doesn’t necessarily mean going without – consider if there are ways of shopping around to save money or eliminating services that are not being used or are not necessary.
- Eliminate credit card debt. The Economic Planning Board can confidentially help with managing high credit card or other consumer debt.
- Use income tax refunds to pay down debt or contribute towards education and retirement savings using RESPs RRSPs or TFSAs.
- Avoid the temptation to keep up with others, or to buy things which are unnecessary. Do not incur debt for weddings or other celebrations.
- If you need to borrow, look for competitive rates from established financial institutions such as the large banks or credit unions. Don’t use payday loan companies – they often charge very high interest rates and fees.
Upgrade your skills to increase your earning capacity
- Given the strong labour market, workers in high-demand industries should assess if they can negotiate higher salary and better benefits. Studies suggest that one-third of current jobs could be displaced by the year 2030. All Jamati members should consider improving their skills through life-long learning.
- The Economic Planning Board and the Future Ready Initiative can help you build your skills and, if needed, to change careers, through vocational coaching or micro-credentialling.
Be careful about business investments and expenses
- Entrepreneurs should manage their cash flow in light of the uncertain economic environment.
- Business owners should expect increases in labour cost, materials, rent and miscellaneous supplies. Be mindful of supply-chain volatility and currency fluctuations.
- Avoid day trading and investments in crypto currencies due to their extreme volatility.
Do your due diligence
If you are thinking about investing, conduct thorough assessments. Ensure you have written agreements with clear exit strategies.
If you have made speculative investments, or own real estate or equities, evaluate the risk of decreasing assets values, especially if these assets are leveraged.
In summary, given the current economic and geopolitical uncertainty, it is wise to be thoughtful and cautious in all your personal and investment decisions, and to reduce expenses where possible in light of continued inflation.
If you need assistance, please visit Economic and Financial Planning for useful financial information and economic updates.
https://iicanada.org/news/economic-fina ... cil-canada
Economic Updates from the Council for Canada
May 3, 2022 | Canada
The Council for Canada would like to provide an update on the current economic climate and its potential impact.
Canada is in the midst of a robust economic recovery following the disruption caused by the pandemic. During this disruption, the Canadian economy, like the rest of the world, was shut down to stop the spread of the virus. Over 2 million jobs were lost at the height of the pandemic. However, all levels of government responded swiftly to provide stimulus to businesses and individuals through emergency response measures, in order to help prevent business closures, and encourage spending and investment. With high vaccination rates and the gradual lifting of restrictions nation-wide, the job market has recovered substantially. For high-demand vocations, the labour market offers better career opportunities and higher wages.
While there is cause for optimism for a return to a new normal, the following factors will continue to be in effect in the short-and-medium term:
- Inflation is at a 30-year high due to supply-chain issues, higher wages and the conflict in Ukraine. This will mean continued higher prices for groceries, household products, services, utilities, fuel and other commonly used items.
- Interest rates are likely to continue to rise in the coming months, and into 2023. This will increase the cost of borrowing, including mortgages, and put downward pressure on the value of bonds and stocks.
- The cost of housing has increased substantially due to historically low interest rates, more millennials entering the housing market, rising immigration, higher family savings and increased construction costs. Demand for housing will likely continue to outstrip supply in Canada’s major cities. However, demand and purchasing power are expected to decrease as interest rates rise.
- Energy prices: Global conflict is expected to keep the price of oil high in the short-term, resulting in higher gas prices at the pump and increased gas and electricity costs.
- Market Risk: Asset values, financial market conditions and currency values will continue to be unstable and volatile.
- Technology: The pandemic has accelerated digital automation, remote work and artificial intelligence. This trend will continue to increase demand for highly-skilled technology workers and put jobs at risk for lower-skill occupations.
What can you do to manage in such uncertain economic conditions?
Review your family budget
- Anticipate an increase of up to 10-15% in your family expenses in the coming months and determine how you can adjust your budget if needed.
- This doesn’t necessarily mean going without – consider if there are ways of shopping around to save money or eliminating services that are not being used or are not necessary.
- Eliminate credit card debt. The Economic Planning Board can confidentially help with managing high credit card or other consumer debt.
- Use income tax refunds to pay down debt or contribute towards education and retirement savings using RESPs RRSPs or TFSAs.
- Avoid the temptation to keep up with others, or to buy things which are unnecessary. Do not incur debt for weddings or other celebrations.
- If you need to borrow, look for competitive rates from established financial institutions such as the large banks or credit unions. Don’t use payday loan companies – they often charge very high interest rates and fees.
Upgrade your skills to increase your earning capacity
- Given the strong labour market, workers in high-demand industries should assess if they can negotiate higher salary and better benefits. Studies suggest that one-third of current jobs could be displaced by the year 2030. All Jamati members should consider improving their skills through life-long learning.
- The Economic Planning Board and the Future Ready Initiative can help you build your skills and, if needed, to change careers, through vocational coaching or micro-credentialling.
Be careful about business investments and expenses
- Entrepreneurs should manage their cash flow in light of the uncertain economic environment.
- Business owners should expect increases in labour cost, materials, rent and miscellaneous supplies. Be mindful of supply-chain volatility and currency fluctuations.
- Avoid day trading and investments in crypto currencies due to their extreme volatility.
Do your due diligence
If you are thinking about investing, conduct thorough assessments. Ensure you have written agreements with clear exit strategies.
If you have made speculative investments, or own real estate or equities, evaluate the risk of decreasing assets values, especially if these assets are leveraged.
In summary, given the current economic and geopolitical uncertainty, it is wise to be thoughtful and cautious in all your personal and investment decisions, and to reduce expenses where possible in light of continued inflation.
If you need assistance, please visit Economic and Financial Planning for useful financial information and economic updates.
https://iicanada.org/news/economic-fina ... cil-canada
Maro Vyaapar Maari Pragati 2.0 - Small Business Management - Session 24
Video:
https://www.youtube.com/watch?v=pl339o0RCbc
un 9, 2022 An extremely crucial skill set every businessman must learn is understanding how to manage a small business in order to grow and scale up the business.
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below
https://forms.gle/izxzfHHFdhkJoRVc6
Maro Vyaapar Maari Pragati 2.0 - Participants' Success Stories - Session 25
Video:
https://www.youtube.com/watch?v=RM-iyffcTM4
Jun 9, 2022 Hearing success stories of MVMP 2.0 participants, who applied the skillsets they learnt over the course of each program and applied these learnings successfully to grow their business.
If you enjoyed the session and want to be a part of Maaro Vyaapar, Maari Pragati 2.0 (MVMP 2.0), you can register for the upcoming sessions at the link below
COUNCIL FOR PAKISTAN – ECONOMIC ADVISORY
August 2022
The Council for Pakistan would like to provide an update on the current economic climate prevalent within the country which remains delicate and there is a need for the Jamat to take careful steps during the present conditions. The Jamat should be aware that:
• High inflation will continue to impact the price of utilities such as electricity, gas, as well as petroleum products. Households will continue to feel the pressure on routine expenses for food and household items.
• Interest rates are expected to remain elevated impacting the feasibilities of businesses that rely on bank borrowing. Banks are implementing strict conditions for loan approvals.
• The global economic slowdown has impacted many sectors forcing companies to take cost cutting measures. It is expected that competition for employment especially entry level jobs, will be high.
• With unpredictable fluctuations in the stock market, foreign currencies and commodities such as gold, individuals involved in trading without proper understanding have incurred serious losses.
It is advised that the Jamat takes the following into consideration:
• Focus on maintaining a family budget to determine and prioritize necessary spending. If your income allows, show more discipline in monthly savings by cutting unnecessary expenditures.
• Explore options to further reduce costs, such as by limiting electricity consumption to lower utility bills, seeking deals/discounts on daily purchases, and discussing joint transportation with people in your neighborhood to save on fuel costs.
• Prioritize investment in your family’s health and children’s education by enrolling in insurance plans that will provide a safety net for the family.
• It is very important to open bank accounts and to deposit your savings only with proper financial institutions. Households with limited ‘Investment-based knowledge’, should secure their savings in low-risk fixed income products offered by the banks.
• Young and aspiring professionals should be aware that employers assess hirings and promotions based on additional skills along with academic qualification. Continuous efforts to improve work related skills through relevant courses is very important.
• Women are encouraged to participate in credible skill-development programs and to explore opportunities to increase family income. There are now growing opportunities to work from home via freelancing which should be studied.
• Individuals and enterprises are strongly advised to document and comply with taxation laws keeping in mind the increasing penalties on non-filers of tax. Business owners should be mindful of the revised government policies, relevant duties and currency devaluation trends. It is felt that unnecessary debt-driven business expansion should be reassessed for the time being.
The Council would like to re-emphasize that the Jamat needs to remain very careful in these tough conditions. Households should first and foremost live within their budgets and avoid unnecessary expenditures. The Council will continue to monitor the situation and advise the Jamat accordingly
The Council for Pakistan would like to provide an update on the current economic climate prevalent within the country which remains delicate and there is a need for the Jamat to take careful steps during the present conditions. The Jamat should be aware that:
• High inflation will continue to impact the price of utilities such as electricity, gas, as well as petroleum products. Households will continue to feel the pressure on routine expenses for food and household items.
• Interest rates are expected to remain elevated impacting the feasibilities of businesses that rely on bank borrowing. Banks are implementing strict conditions for loan approvals.
• The global economic slowdown has impacted many sectors forcing companies to take cost cutting measures. It is expected that competition for employment especially entry level jobs, will be high.
• With unpredictable fluctuations in the stock market, foreign currencies and commodities such as gold, individuals involved in trading without proper understanding have incurred serious losses.
It is advised that the Jamat takes the following into consideration:
• Focus on maintaining a family budget to determine and prioritize necessary spending. If your income allows, show more discipline in monthly savings by cutting unnecessary expenditures.
• Explore options to further reduce costs, such as by limiting electricity consumption to lower utility bills, seeking deals/discounts on daily purchases, and discussing joint transportation with people in your neighborhood to save on fuel costs.
• Prioritize investment in your family’s health and children’s education by enrolling in insurance plans that will provide a safety net for the family.
• It is very important to open bank accounts and to deposit your savings only with proper financial institutions. Households with limited ‘Investment-based knowledge’, should secure their savings in low-risk fixed income products offered by the banks.
• Young and aspiring professionals should be aware that employers assess hirings and promotions based on additional skills along with academic qualification. Continuous efforts to improve work related skills through relevant courses is very important.
• Women are encouraged to participate in credible skill-development programs and to explore opportunities to increase family income. There are now growing opportunities to work from home via freelancing which should be studied.
• Individuals and enterprises are strongly advised to document and comply with taxation laws keeping in mind the increasing penalties on non-filers of tax. Business owners should be mindful of the revised government policies, relevant duties and currency devaluation trends. It is felt that unnecessary debt-driven business expansion should be reassessed for the time being.
The Council would like to re-emphasize that the Jamat needs to remain very careful in these tough conditions. Households should first and foremost live within their budgets and avoid unnecessary expenditures. The Council will continue to monitor the situation and advise the Jamat accordingly
Announcement: Aga Khan Economic Planning Board UK
Bismillahi-rahmani-rahim.
Ya Ali Madad.
On behalf of the Aga Khan Economic Planning Board for the United Kingdom, I would like to share with you the following economic update.
Macroeconomic Trends
The Bank of England has sounded a warning that the UK economy is slowing and is facing a recession in the coming months. This economic slowdown has been brought about by higher inflation, rising interest rates, supply chain issues and the Russia-Ukraine conflict. These collective headwinds have combined to reduce consumer and business confidence.
Inflation
Inflation is now seemingly everywhere in the economy causing difficulty for many Jamati members. The prices of food, petrol and energy have reached levels deemed unthinkable just a few months ago. Unfortunately, high inflation is likely to be with us for the next year. The government has signalled that it will look to support households through these times but the nature and form of support may be insufficient for many. Expect to see continued pressure on your household budgets.
Unemployment
The labour market has been buoyant with unemployment at historically low levels. This is welcome news for those searching for a job. However, for businesses, many are finding it difficult to recruit and retain staff, particularly in industries such as hospitality. Looking ahead, the unemployment rate is likely to rise as consumer and business confidence decreases and spending is curtailed.
Interest rates
The time of near-zero interest rates which has been the norm for the last decade is over. Interest rates have already been increased to 1.75% and the Bank of England seems minded to continue to increase rates until there are clear signs inflation is under control. Interest rates are forecast to reach 3-4% next year ahead of stabilising.
Exchange rate
The pound has lost around 12% of its value this year against the dollar though has been more stable against the euro. This has added to inflationary pressures as the UK imports more than it exports. There can be no certainty that the pound will recover its value against the dollar and we suggest the Jamat does not speculate on currencies.
Property prices
There has been a significant run-up in house prices in the last two years and more broadly since the financial crisis. However, rising interest rates may dampen property prices and cause a correction. Younger Jamati members should consider opening a lifetime ISA to assist with getting on the property ladder.
Recommendations for Jamat
In light of these factors, we remind the Jamat to stay prudent and to take into account the following:
Budgeting
Review your household budget and plan for a further 10% rise in household expenditure. Consider whether there are areas where you can reduce your spending
Do note that energy bills are likely to increase by as much as 80% starting 1 October. Further energy price increases are expected in January and energy usage tends to be greater in winter
Aim to build up funds for a “rainy day” in case of a sudden drop in income
Regularly review the tariffs you pay for your utilities as well as other service providers such as mobile phones, television and internet. In some cases, fixing a tariff for a period may be appropriate in order to provide certainty and guard against the prospect of future increases
Borrowing
Avoid taking on unnecessary or unmanageable debts
Try to eliminate credit card debt and borrowing from payday lenders
For those with mortgages, speak to your bank or mortgage broker to see if a fixed rate or interest only mortgage could help with cashflow
Savings
Consider opening a savings account or moving money across from a current account to take advantage of higher interest rates
Remember to only save with financial institutions that are covered by the Financial Services Compensation Scheme
Government Support
The government has announced all households will receive a £400 discount off their energy bills, paid in instalments over six months and starting in October. These grants will be automatically applied by your energy supplier
Check to see if you are entitled to any support from the government. Start by visiting https://helpforhouseholds.campaign.gov.uk/
We will keep the Jamat informed as and when further government support is provided
Investing
Avoid making any rash decisions regarding your investment portfolio. Speak to a financial adviser to ensure your investment portfolio is consistent with your goals
Be wary of any investment that you don’t understand or that promises high returns in a short timeframe
Increasing Earnings Capacity
Assess whether you can negotiate a wage, salary or benefits increase with your employer
Continue to pursue lifelong learning and enhance your digital skills
Business Owners
It may be necessary to raise prices. Be clear on your value proposition to be able to answer questions from customers
Evaluate your costs to determine what is essential and whether you can reduce your proportion of fixed costs
Staff retention can be as important as recruitment, particularly in a tight labour market
Compensation is only one way to retain staff: intangible benefits such as flexible working arrangements, networking and regular communication can be very effective
Proactively speak to your suppliers to see if you can negotiate more favourable payment terms
Speak with your peers in your industry and see if you can learn from best practice
Whilst the coming weeks and months may present significant challenges, it should also bring opportunities especially for those who are prepared.
In closing, let me say that we are here to help
We will continue to support different segments of the Jamat through these times. For businesses, support is available via mentoring and our Alliances. For employment, We have a number of tools to assist the Jamat with job searches, job retention and career progression. We also continue to run programmes such as Wise Wallets aimed at educating the Jamat about financial planning.
We recognise that there may be instances where you wish to receive guidance on your own financial affairs, business or employment status. In such circumstances, we can offer confidential one-to-one support for Jamati members. If you or anyone you know requires assistance, please reach out to us in confidence at [email protected] or contact any of our Board members.
Thank you and Ya Ali Madad.
Salim Janmohamed
AKEPB Chairman
Ya Ali Madad.
On behalf of the Aga Khan Economic Planning Board for the United Kingdom, I would like to share with you the following economic update.
Macroeconomic Trends
The Bank of England has sounded a warning that the UK economy is slowing and is facing a recession in the coming months. This economic slowdown has been brought about by higher inflation, rising interest rates, supply chain issues and the Russia-Ukraine conflict. These collective headwinds have combined to reduce consumer and business confidence.
Inflation
Inflation is now seemingly everywhere in the economy causing difficulty for many Jamati members. The prices of food, petrol and energy have reached levels deemed unthinkable just a few months ago. Unfortunately, high inflation is likely to be with us for the next year. The government has signalled that it will look to support households through these times but the nature and form of support may be insufficient for many. Expect to see continued pressure on your household budgets.
Unemployment
The labour market has been buoyant with unemployment at historically low levels. This is welcome news for those searching for a job. However, for businesses, many are finding it difficult to recruit and retain staff, particularly in industries such as hospitality. Looking ahead, the unemployment rate is likely to rise as consumer and business confidence decreases and spending is curtailed.
Interest rates
The time of near-zero interest rates which has been the norm for the last decade is over. Interest rates have already been increased to 1.75% and the Bank of England seems minded to continue to increase rates until there are clear signs inflation is under control. Interest rates are forecast to reach 3-4% next year ahead of stabilising.
Exchange rate
The pound has lost around 12% of its value this year against the dollar though has been more stable against the euro. This has added to inflationary pressures as the UK imports more than it exports. There can be no certainty that the pound will recover its value against the dollar and we suggest the Jamat does not speculate on currencies.
Property prices
There has been a significant run-up in house prices in the last two years and more broadly since the financial crisis. However, rising interest rates may dampen property prices and cause a correction. Younger Jamati members should consider opening a lifetime ISA to assist with getting on the property ladder.
Recommendations for Jamat
In light of these factors, we remind the Jamat to stay prudent and to take into account the following:
Budgeting
Review your household budget and plan for a further 10% rise in household expenditure. Consider whether there are areas where you can reduce your spending
Do note that energy bills are likely to increase by as much as 80% starting 1 October. Further energy price increases are expected in January and energy usage tends to be greater in winter
Aim to build up funds for a “rainy day” in case of a sudden drop in income
Regularly review the tariffs you pay for your utilities as well as other service providers such as mobile phones, television and internet. In some cases, fixing a tariff for a period may be appropriate in order to provide certainty and guard against the prospect of future increases
Borrowing
Avoid taking on unnecessary or unmanageable debts
Try to eliminate credit card debt and borrowing from payday lenders
For those with mortgages, speak to your bank or mortgage broker to see if a fixed rate or interest only mortgage could help with cashflow
Savings
Consider opening a savings account or moving money across from a current account to take advantage of higher interest rates
Remember to only save with financial institutions that are covered by the Financial Services Compensation Scheme
Government Support
The government has announced all households will receive a £400 discount off their energy bills, paid in instalments over six months and starting in October. These grants will be automatically applied by your energy supplier
Check to see if you are entitled to any support from the government. Start by visiting https://helpforhouseholds.campaign.gov.uk/
We will keep the Jamat informed as and when further government support is provided
Investing
Avoid making any rash decisions regarding your investment portfolio. Speak to a financial adviser to ensure your investment portfolio is consistent with your goals
Be wary of any investment that you don’t understand or that promises high returns in a short timeframe
Increasing Earnings Capacity
Assess whether you can negotiate a wage, salary or benefits increase with your employer
Continue to pursue lifelong learning and enhance your digital skills
Business Owners
It may be necessary to raise prices. Be clear on your value proposition to be able to answer questions from customers
Evaluate your costs to determine what is essential and whether you can reduce your proportion of fixed costs
Staff retention can be as important as recruitment, particularly in a tight labour market
Compensation is only one way to retain staff: intangible benefits such as flexible working arrangements, networking and regular communication can be very effective
Proactively speak to your suppliers to see if you can negotiate more favourable payment terms
Speak with your peers in your industry and see if you can learn from best practice
Whilst the coming weeks and months may present significant challenges, it should also bring opportunities especially for those who are prepared.
In closing, let me say that we are here to help
We will continue to support different segments of the Jamat through these times. For businesses, support is available via mentoring and our Alliances. For employment, We have a number of tools to assist the Jamat with job searches, job retention and career progression. We also continue to run programmes such as Wise Wallets aimed at educating the Jamat about financial planning.
We recognise that there may be instances where you wish to receive guidance on your own financial affairs, business or employment status. In such circumstances, we can offer confidential one-to-one support for Jamati members. If you or anyone you know requires assistance, please reach out to us in confidence at [email protected] or contact any of our Board members.
Thank you and Ya Ali Madad.
Salim Janmohamed
AKEPB Chairman
Aga Khan Economic Planning Board Economic Advisory September 2022
The US economy is showing signs of slowing, with the possibility of a recession in the coming months. Economic volatility is expected to present challenges due to rising prices, higher interest rates, geopolitical tensions, and supply chain disruptions.
The Jamat is strongly encouraged to exercise caution concerning spending, investing, and borrowing decisions and to take defensive steps to preserve financial stability. In particular, please consider the following:
- Rising expenses will deplete savings faster: Costs of essential items such as housing, energy, and food are rising faster than wages and business profits and are likely to continue for the foreseeable future; the Jamat should:
- Carefully manage household budgets. Reduce expenses, where possible, and consider delaying the purchase of high-ticket items
Hold adequate cash for at least 6-12 months of personal and business expenses in case of reduced incomes
Note that inflation will likely cause future expenses to be higher than last year
Please plan for retirement and maximize tax-exempt benefits, where possible. Consider the impact of inflation on your retirement plans and adjust accordingly. As life expectancy increases, retirement funds will need to cover healthcare expenses and long-term care assistance.
Available resources: Budgeting and savings assistance is available at bit.ly/fsrequest1 or contact ACCESS
Rising interest rates will increase borrowing costs: The Federal Reserve has been raising interest rates to lower inflation. We anticipate higher interest rates through 2023, and the Jamat is encouraged to:
- Avoid adding unnecessary loans; seek to reduce credit card and other high-interest debt
- Take advantage of rising interest rates by establishing – or adding to – interest-bearing deposit accounts at FDIC-insured banks and credit unions
Available resources: The EPBs credit and debt services team is available for a confidential consultation. Please visit bit.ly/cds1on1 or contact ACCESS
We will likely see some price correction in the housing market: Higher interest rates are slowing home sales, and we may decrease property prices. If considering buying a home:
- Note that rising interest rates will increase monthly mortgage payments. Carefully budget for all home-related expenses to ensure your purchase remains affordable
Available resources: Please visit bit.ly/cds1on1 or contact ACCESS for assistance with home affordability exercises and help with the Buy vs. Rent decisions
While the labor market is currently strong, it will likely slow in the near term: US employment remains at record levels with over 11 million job openings. However, as the economy slows, job openings may dry up quickly.
- With current labor shortages, assess opportunities to renegotiate wages or benefits
- Do not switch jobs without doing your research and carefully considering the impact that an economic softening could have on your new position or employer. Those that have recently changed jobs may be impacted first if the economy slows
- Network with others in your industry to explore new opportunities
- Invest in developing new skills, particularly in fields and functional areas to help position you for in-demand industries and careers of the future
Available resources: Job seekers can contact EPB for help with finding new employment; members of the Jamat can also visit ipnonline.net or contact ACCESS.
Invest for the long-term: The stock market continues to be volatile, and bond investments have been impacted by rising interest rates. Commercial real estate forecasts also remain mixed as consumer behaviors reset to new normals following the pandemic. The Jamat is encouraged to:
- Avoid making impulsive decisions in response to stock market volatility
- Before making new investments, consider how different risk factors might affect cash flows and asset values. Be mindful of your individual risk tolerance, length of investment, the ease with which assets can be sold, if necessary, and your overall portfolio diversification.
- Talk to your financial advisor to ensure you consider the long-term investment view.
- Lastly, exercise caution before making any investment decisions in large or speculative investments, such as cryptocurrencies. Conduct your own research; do not blindly follow others into investments. Carefully consider the potential downside of all investments; “too good to be true” opportunities often carry high levels of risk. Please use all third-party resources available to you or a financial advisor.
Available resources: For guidance and education on general investment principles and concepts, please visit this link bit.ly/fsrequest1 or contact ACCESS
Prudently manage businesses: Business profits are under pressure due to higher costs for labor, materials, and transportation, combined with lower demand for discretionary items.
- Consumer-facing businesses are encouraged to offer cheaper options for customers who will be exploring ways to combat inflation.
- Be cautious when purchasing inventory, given many national retailers will be discounting heavily into the second half of the year.
- Evaluate your cost structure for opportunities to reduce your fixed costs
- As labor availability and costs remain a challenge, focus on employee retention strategies, such as offering attractive benefits, flexible working arrangements, and competitive salaries
- Network with industry peers to continue to learn about best practices and future innovation
Available resources: For help on business-related matters please contact the Business Advisory team (BAT) by visiting bat.epbusa.org or contact ACCESS
In conclusion, the Jamat should prepare itself for an economic softening – domestically and globally – over the next 6-12 months. In addition, downside risks from the resurgence of Covid, geopolitical tensions, and the ongoing drought conditions in the western US may further impact energy, food, and other material supplies and prices. The Jamat is advised to remain prudent with spending, investing, and borrowing, given these uncertainties.
For assistance or advice on any business or personal finance matter, please contact the ACCESS Help Line 1 (844) 55-ACCESS or visit the ACCESS online link at https://the.ismaili/usa/jamati-service-request. Ya Ali Madad.
https://the.ismaili/usa/aga-khan-econom ... ember-2022
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Re: Aga Khan Economic Planning Board Activities
FCS API has been designed and modified to allow users to access tools quickly and solve their problems using this Forex API documentation for those users who require various tools related to the Forex API. We have the ability to provide real-time exchange rate information for 145+ different world currencies.