Welcome to BankingPK.com’s “Finance Terms” section, your key to unlocking the complex language of finance in Pakistan. Ever stumbled upon banking terms that sound alien? You’re at the right place.
We’re here to break down and simplify common finance terms for you. From ‘Markup rate’ and ‘Balance of Payments’ to ‘Letter of Credit’ and ‘Equity’, we’ve got you covered.
Each post in this section explains a finance term in plain language, along with its significance and usage in daily banking. We aim to boost your financial literacy, helping you make well-informed decisions whether you’re mulling over a loan, planning an investment, or managing day-to-day transactions.
Join us in our “Finance Terms” section. Let’s together demystify the world of finance in Pakistan, making it friendly and approachable for all!
What is Audit Planning? Audit planning is a vital area of the audit primarily conducted at the beginning of audit process to ensure that appropriate attention is devoted to important areas, potential problems are promptly identified, work is completed expeditiously and work is properly coordinated. Audit planning is a vital area of the audit primarily conducted at the beginning of audit process to ensure that … Read more