Author: S. Kamal Hayder Kazmi

The balance sheet footing of the banking sector according to the State Bank of Pakistan (SBP), was enlarged by 11.5 percent in H1FY24, chiefly driven through investments in government securities. The Government of Pakistan stayed he primary borrower of banking money, which doubled the profits of the entire banking industry in FY2023. The government has also planned to borrow over Rs9.3 trillion from banks in FY2025, chiefly to service its domestic debts. The fall in private sector advances was significantly lower than H1FY23. On the funding side, deposits rose by 11.7 percent in H1FY24, with a major impetus from saving…

Experts recorded that Pakistan’s IT sector is rapidly evolving and has become a significant economic growth and innovation driver. With a young and tech-savvy population, Pakistan is emerging as a hub for software development, IT services, and digital startups. The government’s proactive support by initiatives like tax incentives, grants, and infrastructure development created a conducive environment for sector growth. The IT sector’s potential remains high despite challenges like power shortages, internet outages, regulatory hurdles, and occasional political instability. Promising opportunities in areas like artificial intelligence (AI), FinTech, and e-commerce continue attracting interest from local and international stakeholders, paving the way…

Pakistan: Credit/Loans Classified By Borrowers (Outstanding position at the end of month) (Based on ISIC 4 Classifications of Private Sector Business) (Million Rupees) (P) Description Jun-24 Jul-24 Aug-24P 1. Credit to Government Sector (A+B) 31,771,523 31,926,741 32,533,247 A. SBP Credit to Government Sector (Net) 4,500,383 4,607,175 4,540,684 B. Scheduled Banks Credit to Government Sector (Net) 27,271,140 27,319,566 27,992,563 2. Credit to Non Government Sector (A+B) 11,375,052 10,988,596 10,962,285 A. SBP Credit to Non Govt. Sector 86,257 70,218 77,411 B. Scheduled Banks Credit to Non Govt. Sector (I+II+III) 11,288,795 10,918,377 10,884,874 I. Credit to PSEs 2,139,847 2,115,228 2,139,581 II. Credit to…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Oct 04 2024) Currency Symbol Buying Selling Australian Dollar AUD 190.68 192.93 Bahrain Dinar BHD 733.18 741.18 Canadian Dollar CAD 205.6 208 China Yuan CNY 39.6 40 Danish Krone DKK 41.12 41.52 Euro EUR 305.07 307.82 Hong Kong Dollar HKD…

Gulf bourses end lower Stock markets in the Gulf ended lower on Thursday as markets weighed the risk of a widening conflict in the region, with the Dubai index falling for a fifth consecutive session. Israel’s military on Thursday urged residents of over 20 towns in south Lebanon to evacuate their homes immediately, as it pressed on with an incursion after suffering its worst losses in a year of fighting Iran-backed armed group Hezbollah. As it pushes into south Lebanon, Israel is also weighing its options for retaliation against Iran. The Islamic Republic launched its largest ever assault on Israel…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NIFTY [+] 12/31/2024 24,044.50 -4.77% -4.77% -4.77% 10.64% 10.64% JCI Jakarta [+] 10/03/2024 7,543.83 -0.26% -1.99% -0.95% 8.69% 3.73% TA-35 [+] 10/01/2024 2,093.48 -1.42% -0.11% 0.02% 11.84% 12.23% ASE Amman [+] 10/03/2024 2,372.93 0.13% -0.44% -1.70% -2.76% -2.40% KASE [+] 10/04/2024 5,107.29 0.17% -1.17% -2.41% 25.83% 21.97% KSW Kuwait [+] 10/03/2024 7,582.95 -0.62% -2.04% -3.13% 1.41% 1.42% LSX Index [+] 10/03/2024 985.80 -0.33% -1.13% -1.99% -7.17% -8.67% OMX Riga [+] 10/04/2024 882.44 0.04% 1.00% 1.04% -35.01% -23.45% OMX Vilnius [+] 10/04/2024 1,015.99 -0.02% 0.61% 3.09%…

CPI countries Countries Date CPI Interannual Accum. since January United States [+] August 2024 2.5% 2.6% United Kingdom [+] August 2024 2.2% 1.6% Germany [+] August 2024 1.9% 2.0% France [+] September 2024 1.2% 1.1% Japan [+] August 2024 3.0% 2.2% Spain [+] September 2024 1.5% 1.6% Italy [+] September 2024 0.8% 1.3% Portugal [+] August 2024 1.9% 1.7% Greece [+] August 2024 3.0% 1.0% Ireland [+] August 2024 1.7% 1.7% Andorra [+] August 2024 2.1% 1.3% Armenia [+] August 2024 -0.1% -1.2% Angola [+] August 2024 30.5% 19.6% Argentina [+] August 2024 236.7% 94.8% Austria [+] August 2024 2.3%…

Asia Pacific Review The embedded finance industry in Asia-Pacific is expected to grow by 13.9 percent annually to reach US$73.75 billion in 2024. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 28.2 percent from 2024 to 2029. The region embedded finance revenues will increase from US$73.75 billion in 2024 to reach US$255.49 billion by 2029. Experts recorded that the embedded finance sector in the Asia Pacific region is rapidly evolving, driven by increased digital adoption and integration into non-financial platforms. Recent innovations, strategic partnerships, and regulatory advancements are propelling growth and…

Amnesty international wants ship loaded with explosives for Israel stopped The human rights organization Amnesty International is calling for a small cargo ship to be blocked from entering ports in Europe due to the belief the vessel is transporting explosives bound for Israel. The group says that permitting the vessel to transport these materials violates international regulations. The ship has been the center of a controversy since it departed Vietnam in late July. The ship named Kathrin (8,000 dwt) registered in Portugal and operated by a company based in Germany has been hounded by activists as it made its trip…

Indonesia’s rice import paradox Indonesia, an agrarian country with fertile lands, has a rich history of rice cultivation, making it a significant player in the global rice economy. Despite this natural endowment and the long-standing cultural association with rice as a staple food, Indonesia continues to import significant quantities of rice. This phenomenon raises important questions about the country’s agricultural policies, food security, and economic strategies. How is it that a country with vast expanses of fertile land, suitable for rice cultivation, consistently struggles to produce enough rice for its population? This article delves into the polemics surrounding Indonesia’s rice…

The Future Budget The budget for the future remains stable throughout good times and bad. In most enterprises—and again not just in business —there is only one budget, and it is adjusted to the business cycle. In good times expenditures are increased across the board. In bad times expenditures are cut across the board. This, however, practically guarantees missing out on the future. The change leader’s first budget is an operating budget that shows operating and capital outlays to maintain the present business. That budget should always be approached with the question: “What is the minimum we need to spend…

The Kingdom of Saudi Arabia on the basis of strong fundamentals, is witnessing robust economic performance. A rise in public sector investments, combined with a raft of social and economic reforms has boosted the non-oil economy. In 2024 real GDP growth is projected at 2.6 percent, up from -0.8 percent in 2023, as per the IMF. Over the past three months statistics showed that the annual inflation rate in Saudi Arabia has stayed stable at 1.6 percent, explaining relative stability on an annual basis. The inflation rate in Saudi is one of the most stable, which confirms the strength and…

According to the Government of Pakistan report, inflation has become the most significant economic challenge in Pakistan. Over the last three years, this problem didn’t arise suddenly but developed. Worldwide, inflationary pressures have been observed after Covid-19. Domestically, measures taken to address high and increasing fiscal and current account deficits resulted in double-digit inflation on a year-on-year basis since August 2019. The issue was highlighted in November 2021 when both food and non-food components of inflation surpassed single digits. The average Consumer Price Index (CPI) inflation rate spiked to 29.2 percent in FY 2023, and by May 2023, the year-on-year…

Investment Indicators In Saudi Arabia (Y-o-Y) unless otherwise stated Q1 Q2 Q3 Q4 Full Y Q1 Q2 Q3 Q4 Full Y Q1 FDI Inflow (SAR Billion) 72.4 18.6 17.0 14.7 122.6 16.9 19.4 16.6 19.4 72.3 – FDI Inflow growth (%) 743.8% -71.2% 3.1% 16.1% 20.0% -76.6% 4.6% -2.1% 32.2% 12.1% – FDI Stock (SAR Billion) 727.0 740.0 751.9 762.0 762.0 771.0 783.7 795.0 808.2 808.2 – FDI Stock growth )(%) 10.3% 1.8% 1.6% 1.4% 15.6% 1.2% 1.6% 1.4% 1.7% 6.1% – Nominal Gross Fixed Capital Formation (Y-o-Y) Gross Fixed Capital Formation (SAR Billion) 232.1 260.7 265.7 265.9 1024.3 294.4…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Sep 20 2024) Currency Symbol Buying Selling Australian Dollar AUD 188.25 190.5 Bahrain Dinar BHD 734.2 742.2 Canadian Dollar CAD 204.7 207.1 China Yuan CNY 38.25 38.65 Danish Krone DKK 40.03 40.43 Euro EUR 308 310.75 Hong Kong Dollar…

After central banks cut rates Gulf markets in black Most stock markets in the Gulf ended higher on Thursday, after most central banks in the region cut their key interest rates following a larger-than-usual policy easing by the US Federal Reserve. The Fed cut its benchmark rate by 50 basis points (bps) on Wednesday, with policymakers seeing another half a percentage point fall by the end of this year. Saudi Arabia’s benchmark index rose 1.3 percent, boosted by a 2 percent jump in Al Rajhi Bank. The kingdom, the region’s biggest economy, cut its repurchase agreement (Repo) rate and reverse…

Stock Market Indexes Descriptions Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NIFTY [+] 12/31/2024 24,044.50 -5.40% -5.40% -5.40% 10.64% 10.64% JCI Jakarta [+] 09/19/2024 7,905.39 0.97% 1.19% 5.87% 13.25% 8.70% TA-35 [+] 09/19/2024 1,997.92 -0.22% -2.75% -2.86% 8.64% 7.11% ASE Amman [+] 09/19/2024 2,390.12 -0.01% -0.67% -0.57% -0.76% -1.69% KASE [+] 09/20/2024 5,193.83 -0.56% -0.07% -2.16% 30.08% 24.04% KSW Kuwait [+] 09/19/2024 7,790.34 0.56% 0.54% 0.43% 1.89% 4.19% MSE TOP-20 [+] 09/19/2024 48,193.61 -0.20% -0.32% 0.71% 38.61% 16.30% MONEX20 [+] 09/19/2024 15,463.04 1.14% 1.72% 3.33% 4.24% -0.77% MASI [+] 09/20/2024 14,184.33 0 1.32% 1.94% 20.49% 17.29%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] August 2024 2.5% 2.6% United Kingdom [+] August 2024 2.2% 1.6% Germany [+] August 2024 1.9% 2.0% France [+] August 2024 1.9% 2.3% Japan [+] July 2024 2.7% 1.7% Spain [+] August 2024 2.3% 2.1% Italy [+] August 2024 1.1% 1.4% Portugal [+] August 2024 1.9% 1.7% Greece [+] August 2024 3.0% 1.0% Ireland [+] August 2024 1.7% 1.7% Andorra [+] August 2024 2.1% 1.3% Armenia [+] August 2024 -0.1% -1.2% Angola [+] August 2024 30.5% 19.6% Argentina [+] August 2024 236.7% 94.8% Austria [+] July 2024 2.9%…

As challenges mount China’s economic activity falters China’s industrial output and retail sales faltered in August as the economy lost momentum, adding to expectations Beijing will step up stimulus efforts in the final months of the year. Industrial output grew at the slowest pace since March while retail sales, a gauge of consumption, had their second-slowest month of the year, data from the National Bureau of Statistics showed, despite August being the summer holiday month. The NBS said “in general the economy was operating smoothly in August”. But it said economic activity “still faces many difficulties and challenges in its…

Latest shipping line opens on Chittagong-China maritime route A shipping line on the Chattogram-China maritime route started operation, with a Chinese goods-carrying vessel anchoring at the Chittagong port recently. MV Kota Angoon, the first ship on the route carrying 552 containers from China’s Ningbo-Zhushan port, started sailing on September 7 and reached Chattogram after nine days via Shanghai and Shekou, according to the Chattogram Port Authority. A consortium of ships owned by multiple organisations has joined this service named China-Chittagong Express (CCE), according to domestic media reports. A goods carrying mother vessel used to take 20 to 25 days earlier…

CM aide vows to tap natural resources to fight poverty: Chitral expo Special Assistant to Chief Minister on Industries Abdul Karim Tordher on Saturday said Chitral had tremendous potential for economic development and this could help fight poverty in the region. He was speaking at the two-day Chitral Expo which was jointly held by the Trade Development Authority of Pakistan (TDAP), Khyber Pakhtunkhwa Board of Investment and Trade (KP BOIT) and Chitral Chamber of Commerce. He said the basic agenda of the government was to explore the local natural resources of an area to provide employment opportunities to maximum people…

The Right Compromise “Half a loaf is better than no bread.” One has to start out with what is right rather than what is acceptable (let alone who is right) precisely because one always has to compromise in the end. But if one does not know what is right to satisfy the specifications and boundary conditions, one cannot distinguish between the right compromise and the wrong compromise —and will end up by making the wrong compromise. There are two different kinds of compromise. One kind is expressed in the old proverb, “Haifa loaf is better than no bread.” The other…

In the Country’s economic growth the ministry of finance-government of Pakistan recorded that Pakistan’s manufacturing sector historically, has played a crucial role. It has contributed significantly to exports, accounting for about 71 percent, and has employed 14.9 percent of the labor force. This underscores the potential for further growth and development in the sector, instilling confidence in the future of Pakistan’s economy. Through unfavorable global and domestic events the presentation of the large scale manufacturing (LSM) was primarily affected. Since the beginning of FY 2024 supply disruptions and the lasting effects of a flood have been ongoing. These disruptions have…

International statistics showed that overall, foreign direct investment (FDI) to developing countries declined by 7 percent in 2023 to $867 billion, but the decline varied significantly across regions. While greenfield project announcements in developing countries grew by over 1,000, the distribution was uneven, with nearly half in South-East Asia and a quarter in West Asia. Experts registered that FDI inflows to Africa fell by 3 percent to $53 billion. Greenfield announcements included megaprojects like a green hydrogen project in Mauritania. International project finance declined by a quarter in deal numbers and by half in value. Flows to developing countries in…

Investment In Pakistan ($ Million) Country Wise Net FDI Country 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 (Jul-Apr) China 1,048.30 763.2 1,311.90 130.8 846.6 751.6 531.6 432.2 439.3 UK 151.7 215.4 304.6 185 119.1 141 31.8 65 219.1 USA 15.7 45.7 161.7 88.1 99.2 166.4 249.6 89.3 116 Hong Kong 187 123 183.6 171 190.7 157.2 137.7 101 297.9 Switzerland 59.5 101.7 78.5 21.2 62.8 61.7 146.2 134 27.9 U.A.E. 114.6 120.1 -4.4 103.7 -44 115.7 143.9 180.1 79.7 Italy 105.4 61.5 56.6 51.9 57.4 36.3 34.8 8.6 7.3 Netherlands 29.9 457.6 100.3 69 133.2 96.9 104.1 71.9…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( August 30 2024) Currency Symbol Buying Selling Australian Dollar AUD 186.5 189.18 Bahrain Dinar BHD 732.6 740.6 Canadian Dollar CAD 202.65 205 China Yuan CNY 38.25 38.65 Danish Krone DKK 40.03 40.43 Euro EUR 309 312 Hong Kong Dollar…

UK’s FTSE 100 hits 3-month high UK’s main stock index hit a three-month high on Friday, set to eke out gains for the topsy-turvy month, with bank shares in the lead ahead of crucial global economic data that could shed further light on the pace of rate cuts by top central banks. The Blue-chip FTSE 100 index was up 0.3 percent as of 0706 GMT, on track for its second straight monthly gain and third consecutive weekly advance. The domestically-focused mid-cap FTSE 250 rose 0.2 percent, but eyed a monthly decline. At the open European share markets mixed European stock…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD HANG SENG [+] 08/29/2024 17,786.32 0.53% 0.99% 3.18% -3.77% -10.09% BUX [+] 08/29/2024 73,193.79 0.49% 0.33% -0.75% 28.25% 67.13% ICEX [+] 08/29/2024 2,058.41 0.47% 0.03% 1.82% -0.78% -3.10% NIFTY [+] 12/31/2024 24,044.50 -4.02% -4.02% -4.02% 10.64% 10.64% JCI Jakarta [+] 08/29/2024 7,627.60 -0.41% 1.10% 4.77% 9.63% 4.88% TA-35 [+] 08/29/2024 2,093.08 0.13% 2.04% 3.56% 14.04% 12.21% ASE Amman [+] 08/29/2024 2,413.14 0.16% 0.42% -0.22% 0.63% -0.74% KASE [+] 08/29/2024 5,304.09 -0.20% 0.02% 1.13% 39.19% 26.67% KSW Kuwait [+] 08/29/2024 7,822.04 0.03% 0.75% -0.32% 1.14% 4.61%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] July 2024 2.9% 2.5% United Kingdom [+] July 2024 2.2% 1.2% Germany [+] July 2024 2.3% 2.0% France [+] July 2024 2.3% 1.7% Japan [+] July 2024 2.7% 1.7% Spain [+] July 2024 2.8% 2.1% Italy [+] July 2024 1.3% 1.3% Portugal [+] July 2024 2.5% 2.0% Greece [+] July 2024 2.7% 0.8% Ireland [+] July 2024 2.2% 1.5% Andorra [+] July 2024 3.0% 1.3% Armenia [+] July 2024 -0.3% -1.3% Angola [+] July 2024 31.1% 17.7% Argentina [+] July 2024 263.5% 87.0% Austria [+] July 2024 2.9%…

Japan’s economy grew last quarter Japan’s economy expanded at an annual rate of 3.1 percent in the April-June period, rebounding from a contraction in the previous quarter, according to the latest government data. The world’s fourth-largest economy grew 0.8 percent in the fiscal first quarter, driven by solid consumer spending and business investment. Seasonally adjusted gross domestic product (GDP) measures the value of a nation’s goods and services. In Japan, domestic demand grew by 3.5 percent from the previous quarter, fueled by robust household consumption, private sector investments, and government spending. Exports also saw a significant increase, growing by 5.9…

DNV Maritime CEO: decarbonization is slowing down According to DNV, 93 percent of the global shipping fleet still relies on conventional fuels. Ørbeck-Nilssen explained that this statistic can be viewed from two perspectives. On one hand, nearly half of the current order book includes vessels equipped with dual-fuel capable engines. This indicates a significant step toward reducing shipping emissions and demonstrates that the industry is making progress. However, the sector still faces considerable obstacles that are hindering further decarbonization efforts. The fact that 93 percent of the fleet still uses conventional fuels highlights the scale of the challenge. The adoption…

World food programme halts movement in Gaza The World Food Programme is freezing employee movement in Gaza after one of its vehicles was targeted with repeated gunfire just meters from an Israeli checkpoint, according to a statement by the humanitarian agency. “Despite being clearly marked and receiving multiple clearances by Israeli authorities to approach, the vehicle was directly struck by gunfire as it was moving toward an Israel Defense Forces (IDF) checkpoint,” the statement by the agency read. The Armored vehicle was one of two returning from a mission escorting humanitarian aid through the Palestinian enclave. A photo released by…

Arnold Schwarzenegger’s speech that broke the internet “I went to college. I went and worked out 5 hours a day. And I was working in construction. Because in those days in bodybuilding, there was no money. I didn’t have the money for food supplements or anything. So, I had to go to work. So, I worked in construction. I went to college and worked out in a gym. And at night from 8 o’clock at night to 12 midnight, I went to acting class 4 times a week. I did all that. There was not one single minute that I…

Pakistan’s imports rise by 15.6% in June 2024, despite annual decline in FY23-24 trade value World merchandise trade volume the economists recorded, is projected to grow 2.6 per cent in 2024 and 3.3 per cent in 2025, following a larger-than-expected decline of -1.2 per cent in 2023. Import demand in real terms was weak in 2023 in most regions, mainly in Europe but also in North America and Asia. Pakistan Imports Main Commodities Commodities %Change for value in million Rupees in June, 2024 over May, 2024 June, 2023 Petroleum products 1.26 -24.45 Petroleum crude -7.26 5.99 Natural Gas Liquefied 13.70…

In the world, remittances show one of major international financial resources, which sometimes they exceed the flows of FDI. For centuries, there in the developing countries, have been heated debates on the sources of economic growth and also why some countries reflect strong economic growth comparing to others. Furthermore, the United Nations’ Sustainable Development Goals (SDGs) for many struggling families and communities in developing countries, examine remittances as a lifeline. To provide food for families, access quality education and health services, also sanitation and clean water remittance are directly utilized. Compared to foreign aid, the household-to-household nature of remittances makes…

Literacy Rates In Pakistan (Percent ) Details Literacy (10 Years and Older) Youth Literacy (15-24 Years) Adult Literacy (15 Years and Older) Location Male Female Total Male Female Total Male Female Total Pakistan 70 49 60 79 65 72 68 46 57 Punjab 72 57 64 81 75 78 70 53 61 Sindh 68 47 58 72 57 65 68 45 57 Khyber Pakhtunkhwa 71 35 53 85 49 67 68 30 49 Balochistan 61 29 46 69 40 57 59 26 44 Sectoral Point Contribution At Constant Prices 2015-16 Details FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (August 15, 2024) Currency Symbol Buying Selling Australian Dollar AUD 183.9 187.5 Bahrain Dinar BHD 738 743.5 Canadian Dollar CAD 202.65 207 China Yuan CNY 38.29 38.69 Danish Krone DKK 40.03 40.43 Euro EUR 303.7 305.9 Hong Kong Dollar HKD…

Major Gulf markets gain Major stock markets in the Gulf rose in early trading on Thursday after benign US consumer inflation data overnight reinforced bets that the Federal Reserve would start cutting interest rates next month. Traders remain convinced that the Fed will reduce rates on Sept. 18 for the first time in 4-1/2 years, but are split on whether policymakers will opt for a super-sized 50 basis-point reduction. While inflation is slowing, signs it may remain sticky spurred a reduction of bets on a larger cut to 37.5 percent from about 50 percent a day earlier. A major macroeconomic…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 08/12/2024 2,946.26 0.68% 0.68% 2.84% 22.34% 16.27% CSE [+] 08/09/2024 163.34 -0.37% -5.32% 0.88% 32.08% 82.40% PX [+] 08/09/2024 1,554.75 0.07% -0.91% -0.99% 14.20% 9.95% OMXC20 [+] 08/12/2024 2,670.23 -2.06% -2.06% -6.88% 24.82% 16.93% EGX30 [+] 07/15/2024 27,952.04 -0.32% -0.32% 5.81% 61.18% 12.28% OMX Tallinn [+] 08/13/2024 1,738.11 0.00% 0.36% -0.94% -6.94% -1.62% SPX Fiji [+] 08/13/2024 8,946.36 -0.61% -0.60% -0.71% 8.80% 3.89% OMX25 [+] 08/12/2024 4,421.21 0.07% 0.07% -2.68% 2.73% -2.10% GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 0 HANG…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] June 2024 3.0% 2.4% United Kingdom [+] June 2024 2.0% 1.4% Germany [+] July 2024 2.3% 2.0% France [+] July 2024 2.3% 1.7% Japan [+] June 2024 2.9% 1.3% Spain [+] July 2024 2.8% 2.1% Italy [+] July 2024 1.3% 1.3% Portugal [+] July 2024 2.5% 2.0% Greece [+] July 2024 2.7% 0.8% Ireland [+] July 2024 2.2% 1.5% Andorra [+] June 2024 3.2% 1.6% Armenia [+] July 2024 -0.3% -1.3% Angola [+] June 2024 31.0% 15.7% Argentina [+] June 2024 271.5% 79.8% Austria [+] June 2024 3.0%…

India becomes next big growth bet With India’s economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette by launching new flavors and size variants aimed at attracting the country’s vast population and untapped rural market. “While the last decade had companies focused on selling into China, the next decade is about selling into India,” said Brian Jacobsen, chief economist at Annex Wealth Management. “You have to go where the demographic and economic tailwinds are at your back.” Major consumer goods companies based in India, the world’s most populous country, are expecting…

LNG terminal planned for Mexico to serve ships With the number of ships using LNG continuing to grow and spurring demand, two U.S.-based companies partnered to launch a new small-scale LNG terminal in Salina Cruz, Mexico. According to the partners, GFI LNG and Pilot LNG, the project is designed with a focus on speed to market and will be strategically located to serve a key shipping market. The Salina Cruz LNG JV will develop, construct, and operate the LNG bunkering and transshipment terminal which they anticipate will start operations in mid-to-late 2027. GFI and Pilot plan to commence front-end engineering…

Scientists use rice cultivation to preserve soil in Florida’s everglades agricultural area Rice was grown in the Everglades Agricultural Area for a brief period in the 1950s, but it was limited to about 2,000 acres (800 hectares). Then came the discovery in Florida of a rice virus called hoja blanca, or white leaf, which stunts the plants or even kills them. This virus was first reported in the late 1950s in Colombia and Venezuela. Rice made a comeback in Florida in 1977 after growers in the Everglades Agricultural Area demonstrated that it could be grown in sugarcane fields during the…

Harmonize the Immediate Long-range Future A manager must, so to speak, keep his nose to the grindstone while lifting his eyes to the hills-quite an acrobat feat. A manager has two specific tasks. The first is creation of a true whole that is larger than the sum of its parts, a productive e more than the sum of the resources put into it. The second specific task of the manager is to harmonize in every decision and actions the requirements of the immediate and of the long-range future. A manager cannot sacrifice either without endangering the enterprise. If a manager…

According to the Labour Force Survey FY2021, the literacy rate in FY2021 was recorded 62.8 per cent as against to 62.4 per cent in FY2019, higher in males than females. Area-wise analysis suggests literacy rose in both rural areas from 53.7 per cent in FY2019 to 54.0 per cent in FY2021, while in urban areas, it rose from 76.1 per cent in FY2019 to 77.3 per cent in FY2021. The economists recorded that the male-female disparity seems to be narrowing down over time. The literacy rate has gone up in all provinces, with Punjab (increased 66.1 per cent to 66.3…

The World as per the international report 2024, is still far off track to achieve Sustainable Development Goal (SDG) 2, Zero Hunger, with the worldwide prevalence of undernourishment persisting at nearly the same level for three consecutive years after having risen sharply in the wake of the Covid-19 pandemic. In 2023 between 713 and 757 million people may have faced hunger– one out of 11 people in the globe, and in Africa one out of every five. Hunger is still on the rise in Africa, but it has sustained relatively unchanged in Asia, while notable progress has been made in…

Registered Medical And Paramedical Personnel (Progressive)And Expenditure On Health Years Registered doctors Registered Dentists Registered Nurses Registered Midwives Registered lady health visitors Population per Expenditure (Rs in millions) Doctors Dentist Development Non-development 2011 152,368 11,649 77,683 30,722 12,621 1,162 15,203 27,658 78,359 2012 160,880 12,692 82,119 31,503 13,678 1,123 14,238 29,898 104,284 2013 167,759 13,716 86,183 32,677 14,388 1,099 13,441 31,781 129,421 2014 175,223 15,106 90,276 33,687 15,325 1,073 12,447 55,904 146,082 2015 184,711 16,652 94,766 34,668 16,448 1,038 11,513 65,213 165,959 2016 195,896 18,333 99,228 36,326 17,384 997 10,658 75,249 192,704 2017 208,007 20,463 103,777 38,060 18,400 957 9,730…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Aug 01 2024) Currency Symbol Buying Selling Australian Dollar AUD 184.8 186 Bahrain Dinar BHD 741.05 749.05 Canadian Dollar CAD 204 206 China Yuan CNY 38.4 38.8 Danish Krone DKK 40.15 40.55 Euro EUR 301.6 303.65 Hong Kong Dollar HKD…

European share markets open mixed Europe’s main stock markets opened mixed Thursday, but London rose as investors awaited a possible interest-rate reduction from the Bank of England and digested a raft of company earnings. In initial deals, London’s FTSE 100 index rose 0.4 percent to 8,399.26 points. In the eurozone, the Paris CAC 40 fell 0.7 percent to 7,476.01 points and Frankfurt’s DAX lost 0.4 percent to 18,426.52. Asian equities mostly rose, however, after the US Federal Reserve flagged a possible interest rate cut next month, but Tokyo tumbled on a stronger yen following a hike from the Bank of…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD ASE Amman [+] 07/31/2024 2,407.09 -0.25% -0.33% 0.31% -1.59% -0.99% KASE [+] 08/01/2024 5,252.49 0.35% -0.07% 1.41% 41.68% 25.44% KSW Kuwait [+] 07/31/2024 7,899.47 0.74% 0.88% 4.72% -2.00% 5.65% KSE Kyrgyz [+] 07/31/2024 3,745.28 0 0 3.44% 26.14% 39.59% LSX Index [+] 07/31/2024 1,050.11 1.10% 2.19% 0.06% 1.79% -2.72% OMX Riga [+] 08/01/2024 856.51 -0.04% -1.18% -22.96% -37.74% -25.70% OMX Vilnius [+] 08/01/2024 994.48 0.02% 0.14% 1.70% 1.24% 5.00% LuxX [+] 07/31/2024 1,383.69 0.15% 0.47% 1.03% -9.08% -9.24% FBMKLCI [+] 07/31/2024 1,625.57 0.85% 0.79% 2.23%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] June 2024 3.0% 2.4% United Kingdom [+] June 2024 2.0% 1.4% Germany [+] June 2024 2.2% 1.7% France [+] July 2024 2.3% 1.7% Japan [+] June 2024 2.9% 1.3% Spain [+] July 2024 2.8% 2.2% Italy [+] June 2024 0.8% 0.8% Portugal [+] June 2024 2.8% 2.7% Greece [+] June 2024 2.3% 1.5% Ireland [+] June 2024 2.2% 1.3% Andorra [+] June 2024 3.2% 1.6% Armenia [+] June 2024 -0.6% -0.9% Angola [+] June 2024 31.0% 15.7% Czechia [+] June 2024 2.0% 2.3% Fiji [+] June 2024 6.7%…

In Southeast Asia PH to be one of faster-growing economies The Philippines is expected to be the second fastest-growing economy among the Southeast Asia (SEA) 6 countries, seen to expand by more than 6 percent in the next 10 years. In the Southeast Asia Outlook 2024-2034 report released on Thursday, the Angsana Council, US consultancy Bain & Co., and DBS Bank said the Philippines is projected to grow at an average of 6.1 percent, next to Vietnam, which is forecast to grow by 6.6 percent. “Vietnam, Indonesia, and the Philippines are expected to be the faster-growing countries, with Vietnam continuing…

WSC presents fund plan The World Shipping Council, which represents the container and vehicle transport sectors, has refined its proposals to the International Maritime Organization for a financial mechanism that it believes will create price equality and drive the adoption of green fuels. The group joins others that are lining up with their competing proposals ahead of the next MEPC session, 82 which is scheduled to run from September 30 to October 4. Experts expect a contentious session as the IMO looks to review the draft framework for decarbonization efforts and supporting research. The last session in March set the…

California’s $59 bn agriculture sector: review A report from University of California-Riverside (UCR) researchers calls for urgent and innovative measures to address declining water availability due to climate change. In a UCR release the researchers said California should take urgent and bold measures to adapt its $59 billion agriculture sector to climate change as the amount of water available for crops declines, according to a collaborative report by University of California faculty from four campuses. Published in the Proceedings of the National Academy of Sciences, the report provides a roadmap for more water capture, storage, and distribution systems that align…

Controls for Nonmeasurable Events A balance between the measurable and the nonmeasurable is a central and constant problem of management. Business, like any other institution, has important results that are incapable of being measured. Any experienced executive know companies or industries that are bound for extinction because they cannot attract or hold able people. This, every experienced executive also knows, is a more important fact about a company or an industry that last year’s profit statement. Yet the statement cannot be defined clearly let alone “quantified.” It is anything but “intangible”; it is very “tangible” indeed. It is just nonmeasurable.…

Consistent policies and investments as key to sustainable energy and economic growth In response to the prevailing high prices of imported fossil fuels in global markets, which result in high electricity tariffs and drain precious foreign exchange, the government of Pakistan has accepted the Framework Guidelines for Fast-Track Solar PV Initiatives 2022 for the fast-track deployment of solar PV. It’s clear that Pakistan is making significant strides towards integrating solar PV into its energy mix to combat high electricity tariffs and reduce reliance on imported fossil fuels. The initiatives outlined, such as fast-tracking solar PV projects, promoting solar generation on…

Over the next three years, international studies recorded that worldwide electricity demand is expected to rise at a faster rate, growing by an average of 3.4 per cent yearly through 2026. The gains will be driven through an enhanced economic viewpoint, which will contribute to faster electricity demand growth both in emerging and advanced economies. Commercial Energy Consumption Year Oil/Petroleum (tons) Households Industry Agriculture Transport Power Other Govt. Total 2010-11 85,449 1,355,443 40,597 8,892,268 8,138,956 373,794 18,886,507 2011-12 79,448 1,419,125 23,297 9,265,883 7,594,663 295,847 18,678,263 2012-13 97,847 1,379,096 31,828 9,817,546 7,749,007 317,805 19,393,129 2013-14 100,679 1,297,035 46,655 10,299,718 9,006,085 358,512…

Regional Breakdown Of Electricity Demand TWh 2021 2022 2023 2026 Growth rate 2021-2022 (%) Growth rate 2022-2023(%) CAAGR 2024-2026(%) Africa 753 765 780 887 1.6 1.9 4.4 Americas 6219 6382 6353 6677 2.6 -0.4 1.7 of which United States 4 170 4277 4208 4404 2.6 -1.6 1.5 Asia Pacific 13193 13733 14394 16459 4.1 4.8 4.6 of which China 8307 8615 9164 10573 3.7 6.4 4.9 Eurasia 1 302 1 316 1335 1386 1.1 1.5 1.3 Europe 3 813 3 674 3586 3845 -3.6 -2.4 2.4 of which European Union 2 736 2 651 2568 2749 -3.1 -3.2 2.3 Middle…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Jul 19, 2024) Currency Symbol Buying Selling Australian Dollar AUD 184.75 186.55 Bahrain Dinar BHD 741.15 749.15 Canadian Dollar CAD 203.5 205.5 China Yuan CNY 38.35 38.75 Danish Krone DKK 40.05 40.45 Euro EUR 301.35 303.25 Hong Kong Dollar…

London share market hit by technical glitch The London Stock Exchange was hit by a technical glitch Friday that delayed the start of trade and affected its market news service, amid outages across the world. The LSE’s company news feed “is currently experiencing a third-party global technical issue, preventing news from being published,” it said in a statement. “Technical teams are working to restore the service. Other services across the group, including London Stock Exchange, continue to operate as normal.” Japan’s Nikkei tracks wall street lower Japan’s Nikkei share average fell in choppy trade on Friday, tracking overnight Wall Street…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 07/17/2024 2,893.38 0.32% 0.99% 3.06% 21.97% 14.19% CSE [+] 07/16/2024 163.98 -0.16% -0.02% 0.56% 41.47% 83.12% PX [+] 07/16/2024 1,596.11 -0.26% 0.36% 5.24% 21.75% 12.88% OMXC20 [+] 07/17/2024 2,711.01 -4.09% -5.46% -4.81% 34.51% 18.72% EGX30 [+] 07/15/2024 27,952.04 -0.32% -0.32% 5.81% 61.18% 12.28% OMX Tallinn [+] 07/18/2024 1,753.08 0.02% -0.08% 0.41% -7.41% -0.77% SPX Fiji [+] 07/16/2024 9,009.98 0 0 2.79% 8.47% 4.63% OMX25 [+] 07/17/2024 4,476.98 0.27% -1.45% -0.66% 2.28% -0.86% GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 0 HANG…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] June 2024 3.0% 2.4% United Kingdom [+] June 2024 2.0% 1.4% Germany [+] June 2024 2.2% 1.7% France [+] June 2024 2.1% 1.5% Japan [+] May 2024 2.9% 1.2% Spain [+] June 2024 3.4% 2.6% Italy [+] June 2024 0.8% 0.8% Portugal [+] June 2024 2.8% 2.7% Greece [+] June 2024 2.3% 1.5% Ireland [+] June 2024 2.2% 1.3% Andorra [+] June 2024 3.2% 1.6% Armenia [+] June 2024 -0.6% -0.9% Angola [+] June 2024 31.0% 15.7% Argentina [+] June 2024 271.5% 79.8% Austria [+] May 2024 3.4%…

Singapore’s economy up 2.9 pct The Singapore economy grew 2.9 percent year-on-year in the second quarter, following the 3.0 percent expansion in the previous quarter, according to the advance estimates released by the Ministry of Trade and Industry Friday. The construction sector grew 4.3 percent year-on-year in the second quarter, extending the 4.1 percent growth in the preceding quarter. The manufacturing sector grew 0.5 percent year-on-year from April to June, a reversal from the 1.7 percent contraction in the previous quarter. Meanwhile, the growth of services industries moderated from 4.3 percent in the first quarter to 3.3 percent in the…

For H2 2024: container shipping market outlook In a five-part series mid-year we take stock of shipping markets in the first six months of the year and look ahead to the remainder of the 2024 with experts Maritime Strategies International (MSI). In this second part the Seatrade Maritime Podcast talked to Daniel Richards from MSI, about the developments in the container shipping market and the outlook for the remainder of the year. Indian navy rescues 9 crew from tanker capsized off Oman More than a day after the search began for the missing crew of a small oil tanker, the…

Global oil production increases by 0.15pc in June World oil production rises by more than 0.15 percent, or around 150,000 barrels per day (bpd), to nearly 102.90 million barrels per day (bpd) in June, according to the International Energy Agency’s (IEA) latest report on Thursday. According to the Oil Market Report, crude oil production by the Organization of Petroleum Exporting Countries (OPEC) in June fell to 27.06 million bpd, a drop of 150,000 bpd compared to the previous month. The group’s total oil production reached approximately 32.64 million bpd over the same period. Daily oil production in non-OPEC countries rose…

The Infant New Venture Business are not paid to reform customers. Above all, the people who are running a new venture need to spend time outside: in the marketplace, with customers, and with their own sales force, looking and listing. The new venture needs to build in systematic practices to remind itself that a “product” or a “service” is defined by the customer, not by the producer. It needs to work continuously on challenging itself in respect to the utility and value that its products or services contribute to customers. The greatest danger for the new venture is to “know…

The current account during July-March FY 2024 registered a deficit of $0.5 billion, against a deficit of $4.1 billion in the corresponding period last year, as per the Government of Pakistan’s official data. The predominant factor behind this improvement in CAD in the merchandise trade deficit, was the 25.2 per cent decline, which resulted from a substantial fall in import payments to $38.8 billion in July-March FY2024 from $42.1 billion during the corresponding period last year. During July-March FY2024 the primary income account recorded a deficit of $5.6 billion, as against to $4.0 billion registered in the same period last…

Tax is an obligatory backbone of financial collection of a country which is charged directly or indirectly from people, for services offered through the government or its departments. The main part of the proceeds comes from taxes and an important aim of tax system is to finance public expenditures. Presently the Government of Pakistan for the fiscal year 2024-25, has decided to chase an overambitious tax revenue target of Rs13 trillion, to strengthen the case for a new bailout deal with the International Monetary Fund (IMF). Mainly because of a drop in domestic taxes and customs duty Presently tax collection…

Pakistan: Major Highlights Of Budget 2024-25 Economic growth target fixed at 3.6 percent for fiscal year 2024-25. Inflation seen at 12 percent in FY2024-25. Total outlay of the budget for FY25 is Rs18.9 trillion. Gross revenue receipts expected at Rs17.8 trillion. Rs5.142 trillion expected from bank borrowing. Privatisation proceeds expected at Rs30 billion. Non-bank borrowing expected at Rs2.662 trillion. Rs666 billion earmarked for net external receipts. Rs9.775 trillion earmarked for interest payments. Rs1.014 trillion to be spent on pensions. Rs2.122 trillion allocated for Defence affairs and services. Rs1.777 trillion earmarked for grants and transfers to provinces. Rs1.363 trillion to be…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Jun 24, 2024) Currency Symbol Buying Selling Australian Dollar AUD 182.2 184 Bahrain Dinar BHD 740.58 748.58 Canadian Dollar CAD 203 205 China Yuan CNY 38.35 38.75 Danish Krone DKK 39.91 40.31 Euro EUR 293.5 297.2 Hong Kong Dollar…

Gulf markets mixed in early trade Stock markets in the Gulf put a mixed performance in early trading on Monday, as investors awaited a key US inflation reading and comments from the Federal Reserve officials this week. Dubai’s benchmark stock index retreated from the previous session’s gains and slipped 0.5 percent, with most sectors in the red. The blue-chip developer Emaar Properties dropped 1.5 percent and Dubai Islamic Bank slid 1 percent. The Abu Dhabi benchmark index fell marginally, with Emirate’s largest developer Aldar Properties losing 1.3 percent while Multiply Group and Alef Education gained 2.1 percent and 4.3 percent,…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD BUX [+] 06/20/2024 70,327.34 0.96% 1.14% 3.29% 41.14% 60.59% ICEX [+] 06/24/2024 2,058.95 0 0 0.09% 6.46% -3.07% NIFTY [+] 06/21/2024 23,501.10 -0.28% 0.15% 4.31% 24.63% 8.14% JCI Jakarta [+] 06/21/2024 6,925.87 1.63% 2.67% -3.62% 3.33% -4.77% TA-35 [+] 06/20/2024 1,968.64 -1.76% -0.97% -0.61% 8.67% 5.54% ASE Amman [+] 06/23/2024 2,416.71 -0.16% -0.16% 0.18% -1.23% -0.60% KASE [+] 06/24/2024 5,096.52 -0.01% -0.01% 0.06% 43.73% 21.71% KSW Kuwait [+] 06/23/2024 7,628.15 -0.33% -0.35% -2.01% -2.64% 2.02% KSE Kyrgyz [+] 06/22/2024 3,603.05 0 3.69% 4.19% 30.63% 34.29%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] May 2024 3.3% 2.4% United Kingdom [+] May 2024 2.0% 1.3% Germany [+] May 2024 2.4% 1.6% Spain [+] May 2024 3.6% 2.2% Italy [+] May 2024 0.8% 0.8% Portugal [+] May 2024 3.1% 2.7% Greece [+] May 2024 2.4% 1.0% Ireland [+] May 2024 2.6% 1.0% Andorra [+] May 2024 3.8% 1.8% Armenia [+] May 2024 -0.8% 0% Angola [+] May 2024 30.2% 13.4% Argentina [+] May 2024 276.4% 71.9% Austria [+] May 2024 3.4% 1.1% Australia [+] March 2024 3.6% 1.0% Belgium [+] May 2024 3.4%…

International analysts recorded that economic activity in Asia and the Pacific outperformed expectations in the second half of 2023, despite a challenging environment characterized by still-tight monetary policies and muted external demand. The region grew by 5.0 percent last year, 0.4 percentage point stronger than forecast in October. Upside surprises were concentrated in emerging markets, driven primarily by robust domestic demand. Still, headline inflation has continued to decline, especially in emerging Asia, reflecting timely monetary tightening in 2022 and early 2023, retreating commodity prices, lower global manufactured goods price inflation, and supply capacity coming back on stream following the COVID-19…

Finally, carriers add more loops, cancel fewer sailings Are carrier services getting more predictable? In a volatile, under-supplied market, it is a nice feeling when you perceive that things start to look better. Based on Drewry data, we are reaching this stage: carriers are adding new services or reinstating old ones, significantly expanding the supply for the peak season. More competition is increasing the range of available shipping options. Meanwhile, established carriers are working to restore some of their disrupted schedules. Key numbers: Ocean carriers will add 10 transpacific loops and 4 Asia-North Europe services between May and July. Having…

Some Vietnam coffee farms thrive despite drought VIETNAMESE coffee growers have been hit hard this year by the worst drought in nearly a decade, raising concerns of pricier espressos across the world, even as some farmers keep yields healthy with clever countermeasures. Domestic forecasts for next season’s harvest in Vietnam, the world’s second-biggest coffee producer, remain grim. Soybean Oil Production Market % of Global Production Total Production (2023/2024, Metric Tons) China 28% 17.74 Million United States 20% 12.23 Million Brazil 17% 10.8 Million Argentina 11% 7.01 Million European Union 5% 2.83 Million India 3% 2 Million Mexico 2% 1.2 Million…

Practice Comes First Decision makers need to factor into their present decisions the “future that has already happened.” Decision makers – in government, in the universities, in business, in the labor unions, in churches – need to factor into their present decisions the future that has already happened. For this they need to know what events have already occurred that do not fit into their present-day assumptions, and thereby create new realities. Intellectuals and scholars tend to believe that ideas come first, which then lead to new political, social, economic, psychological realities. This does happen, but it is the exception.…

After a fall in the number of major exporters, global rice production in 2023-24 is expected to fall slightly year-on-year, and total consumption and stocks are also expected to fall, as per the International Grains Council estimation. World rice production statistics showed, is projected to resume an upward trend in 2024-25, driven chiefly by growth prospects in the five main sectors, to stand a record 520 million tonnes (+2%), with consumption and stocks also expected to rise. However, as Indian restrictions are expected to remain in place, the potential for trade expansion in 2025 (January-December) is limited at approximately 50…

The king of fruits mango (Mangifera indica L.) member of family Anacardiaceae, is one of the most important tropical fruits of the world. Mangoes all over the world, are native to South and Southeast Asia and are now enjoyed every part of the world. The global production volume of mangoes, mangosteens, and guavas was a little over 59 million metric tonnes in 2022, a rise from approximately 57 million metric tonnes in 2021. Pakistan’s mango crop statistics is facing significant challenges because of the impact of seasonal changes in 2024, leading to concerns of a 20 per cent decline in…

Agriculture Growth (Base=2015-16) (%) Sector 2021-22(R) 2022-23(P) Agriculture 4.27 1.55 1.Crops (i+ii+iii) 8.19 -2.49 i) Important Crops 5.41 -3.20 ii) Other Crops 11.93 0.23 iii) Cotton Ginning 9.22 -23.01 2.Livestock 2.25 3.78 3.Forestry 4.07 3.93 4.Fishing 0.35 1.44 Pakistan: Cropped Area, Improved Seed Distribution, Water Availability, Fertilizer Offtake, Credit Disbursed, Tubewells Fiscal Year Cropped Area (million hectares) Improved Seed distribution (000 Tonnes) Water Availability (MAF) Fertilizer Offtake (000 N/T) Credit Disbursed (Rs million) Tubewells Public & Private (Number in 000) 2010-11 22.72 331.02 137.16 3,933 263,022 1,103.4 2011-12 22.50 346.38 135.86 3,861 293,850 997.7 2012-13 22.56 327.08 137.51 3,621 336,247…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Jun 06 2024) Currency Symbol Buying Selling Australian Dollar AUD 182.2 184 Bahrain Dinar BHD 740.55 748.55 Canadian Dollar CAD 204 206 China Yuan CNY 38.44 38.84 Danish Krone DKK 40.65 41.05 Euro EUR 301 304 Hong Kong Dollar…

Hong Kong shares lifted at open by fresh us rate hopes Hong Kong stock climbed at the open, tracking a record close on Wall Street fuelled by a tech rally, with another batch of soft US jobs data boosting hopes the Federal Reserve will cut interest rates this year. The Hang Seng Index gained 0.83 percent, or 152.62 points, to 18,577.58. The Shanghai Composite Index rose 0.13 percent, or 4.04 points, to 3,069.44, while the Shenzhen Composite Index on China’s second exchange added 0.15 percent, or 2.54 points, to 1,708.86 . Australian stocks rise Australian shares rose on Thursday, with…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NSX Namibia [+] 06/05/2024 1,650.50 -1.55% -1.90% -2.92% 6.13% 1.19% AEX [+] 06/05/2024 918.67 1.88% 1.67% 3.52% 20.35% 16.76% NZX 50 [+] 06/06/2024 11,973.01 -0.20% 0.89% 1.29% 0.74% 1.72% MBI10 [+] 06/06/2024 7,476.07 0 0.38% 2.67% 28.44% 22.23% OSEBX [+] 06/05/2024 1,413.36 -0.12% -1.89% 3.07% 15.16% 8.17% MSM30 [+] 06/05/2024 4,778.70 -0.09% -1.13% -0.55% 2.66% 5.86% KSE100 [+] 06/05/2024 74,159.51 -0.67% -2.27% 3.04% 78.10% 18.75% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 06/05/2024 29,741.49 0.78% -1.58% 2.62% 35.85% 14.57% PSEi…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] April 2024 3.4% 2.2% United Kingdom [+] April 2024 2.3% 1.0% Germany [+] April 2024 2.2% 1.5% France [+] May 2024 2.2% 1.4% Japan [+] April 2024 2.5% 0.8% Spain [+] May 2024 3.6% 2.3% Italy [+] May 2024 0.8% 0.8% Portugal [+] April 2024 2.2% 2.5% Greece [+] April 2024 3.1% 1.3% Ireland [+] April 2024 2.6% 0.4% Andorra [+] April 2024 3.9% 1.7% Armenia [+] April 2024 -1.1% 0.8% Angola [+] April 2024 28.2% 10.6% Argentina [+] April 2024 289.4% 65.0% Austria [+] April 2024 3.5%…

Pakistan seeks to emulate Chinese economic model Prime Minister Shehbaz Sharif has expressed Pakistan’s keen interest in learning from China’s economic model to bolster its own economic growth, trade, and investment ties. Speaking in an interview with China Media Group representatives, the Prime Minister emphasized the strategic importance of the China-Pakistan Economic Corridor (CPEC) and its transition into a new phase of high-quality development, which has significantly advanced Pakistan’s scientific and technological landscape. India stocks plunge on concerns of a narrower win for India’s Modi Indian stocks have suffered their worst intraday fall since March 2020 and foreign investors sold…

China: strongest seafarer wage raise China has seen the strongest increase in seafarer wages across the main seafaring countries in international shipping in recent years, according to the latest Manning Annual Review and Forecast report published by global shipping consultancy Drewry. China is a large and, more importantly, growing supply source of seafarers. It maintains its position as the second-largest supplier of seafarers to international merchant shipping, accounting for around 11 percent of the total sea-based workforce. The supply of officers is growing and although domestic flagged vessels are the biggest employer, officers are increasingly found in international employment on…

In April Brazil milk prices rise 18.7pc The Price of the milk produced in April in Brazil closed at BRL 2.4576/liter on the net “Brazil Average”, moving up 5.1percent compared to that in the month before. It is the sixth consecutive rise, according to a recent market report from Cepea. Therefore, in the partial of this year, milk values rose 18.7percent in real terms (quotations were deflated by the IPCA from April/24). Price rises continue linked to the production decrease. The Cepea Milk Production Index (ICAP-L) dropped 0.37percent from March to April and 7.8percent in the accumulated of 2024. In…

Balance Continuity and Change Precisely because change is a constant, the foundations have to be extra strong. The more an institution is organized to be a change leader, the more it will need to establish continuity internally and externally, the more it will need to balance rapid change and continuity. One way is to make partnership in change the basis of continuing relationships. Balancing change and continuity requires continuous work on information. Nothing disrupts continuity and corrupts relationships more than poor or unreliable information. It has to become routine for any enterprise to ask at any change, even the most…

Internet connectivity and strategic partnerships propel growth Today the world stands on the brink of a technological revolution that will totally transform the way human beings interact with one another and organise their lives – be it jobs, education or day-to-day routine activities. Machines and people are increasingly being connected through the internet and are communicating at a speed unknown to mankind before. As the world’s top exporter, statistics showed that China is the world’s top e-commerce market, with total online sales in 2023 exceeding the $3 trillion mark. Together with the United States, e-commerce sales from these two countries…

The global automotive industry size in 2023 were valued at USD 4,070.19 billion and were predicted to hit almost USD 6,388.49 billion by 2031, according to international researchers. In today’s rapidly evolving business landscape, marked through the proliferation of emerging markets, stringent security regulations, the rapid advancement of new technologies, and shifting customer preferences, the automotive industry finds itself at the nexus of transformative change. Innovative business models and digitalisation are reshaping traditional paradigms, ushering in a new era of disruption in the automotive industry. Four critical technological disruptions — mobility, electric vehicles, autonomous driving, and connected technologies — are…