After years of high inflation debt and trade deficits, Pakistan’s economy is on the road to recovery. This positive trajectory is fueled by improved macroeconomic management, inflation control measures and enhanced fiscal and external accounts stability of their government.

For most credit managers, a credit application is a vital step in the credit approval process. It’s a document that neatly outlines all the pertinent information that a credit manager needs to know about their customer, from its corporate legal name to the number of years they’ve been in business. No step epitomizes the oft-repeated mantra of credit management, “Know Your Customer,” quite like the credit application.

As a credit professional, a large part of your job involves engaging with customers–whether they’re next door or overseas. However, the task of properly identifying a customer can be challenging when businesses operate under similar names, use DBAs (Doing Business As) or are part of a parent-subsidiary structure.

NACM’s Credit Managers’ Index (CMI) improved 1.9 points to 54.9 in February. This comes after two months of declines.

NACM’s and FCIB’s six-level Professional Certification Programs does its part in shaping the credit professionals’ story, providing them all the knowledge and tools needed to conquer their challenges like a hero uses their superpowers to defeat their enemies.

Whether you’ve been working in the credit field for years, decades or only a matter of months, furthering your education is an invaluable opportunity to deepen your skills and immerse yourself in the field.

The Canadian economy showed growth over the fourth quarter, with increased consumer spending, business investments and exports boosting the country’s gross domestic product (GDP) by 2.6% in the final months of 2024. While the growth is a good sign for the Canadian economy, Prime Minister Justin Trudeau’s imminent resignation and the looming threat of tariffs from the United States create uncertainty.

On today’s episode of Extra Credit…There are moments throughout your career when you might be looking for guidance. Whether you are just getting acquainted at your very first job, you’ve made a career transition or you just need some advice, a mentor can make a world of difference in your confidence at work.