Many businessmen even claim that the size of the informal economy is almost double that of the formal economy, though they do not have any studies or research to support these claims. This ...

Consequently, the gap between formal and informal systems continues to widen as evidenced by how the informal economy is fast becoming a secondary underground ecosystem whose systems cannot be ...

He added that numerous other large sectors exist in the informal economy, including automotive, construction, catering, car washes, and bakeries. “If you take a mirror to the formal economy ...

A major meeting took place in Lahore on Saturday where over 40 auto parts manufacturers and small business stakeholders came together to discuss ways to help Pakistan's informal businesses and workers ...

In a remarkable testament to resilience, 1. 9 million South Africans operated non-VAT registered businesses in 2023, a ...

UCSB sociologist Dana Kornberg examines how race, caste and institutional access shape unequal pathways to status and wealth ...

The plan follows a revelation from the Zimbabwe National Statistics Agency (Zimstat) showing that 85,5% of all economic ... informal workers to build personal financial buffers and engage with ...

This influx has offered a much-anticipated tonic to an economy ... formal remittance channels has most likely caused the spike. The change, he said, followed a decline in demand for informal ...

Geza is banking on the support of citizens frustrated by the ailing economy, which has left the majority on the brink of formal unemployment. However, with most people engaged in informal ...

Studies suggest Nepal has a large informal economy. What role can banks play in bringing informal economic activities into the formal system, and how can they design products or outreach programmes to ...

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adding that an increase in unemployment could also lead to the expansion of the local informal sector, which could hinder economic growth in the long term. Just days after US President Donald ...