Author: S. Kamal Hayder Kazmi

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…

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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…

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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…

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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…

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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,…

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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%…

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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%…

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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…

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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…

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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…

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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.…

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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…

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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…

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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…

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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…

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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…

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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…

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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%…

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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…

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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…

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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…

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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…

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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…

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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…

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Pakistan: Quantum Index Of Selected Large-Scale Manufacturing Items (YOY Growth) (Base Year: FY2016) (P) S. No. Descriptions of Items Weight Adjusted Weight Jul-Mar Mar FY23 FY24 2023 2024 A Manufacturing of Food 10.69 13.64 -8.86 1.69 -42.45 -5.80 B Manufacturing of Beverages 3.84 4.91 -2.79 -3.43 5.36 -27.29 C Manufacturing of Tobacco 2.07 2.64 -23.78 -33.59 -49.69 35.65 D Manufacturing of Textile 18.16 23.17 -16.04 -8.27 -30.71 5.23 E Manufacture of Wearing Apparel 6.08 7.76 42.15 5.41 -8.78 18.18 F Manufacturing of Leather Products 1.23 1.57 2.49 5.32 -6.70 7.37 G Manufacturing of Wood Products 0.18 0.23 -66.22 12.09 -5.97…

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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 ( May 23 2024) Currency Symbol Buying Selling Australian Dollar AUD 183 184.8 Bahrain Dinar BHD 740.52 748.52 Canadian Dollar CAD 203 205 China Yuan CNY 38.51 38.91 Danish Krone DKK 40.52 40.92 Euro EUR 297 300 Hong Kong Dollar…

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Tech stocks lift Japan’s Nikkei on boost from Nvidia’s robust outlook Japan’s Nikkei share average rose on Thursday led by a rally in technology stock, after US peer Nvidia’s earnings delivered on sky-high expectations, although concerns about the domestic central bank’s policy outlook limited gains. Markets were not disappointed in the week’s most closely-watched event, with Nvidia hitting a record high after the US chipmaker forecasted quarterly revenue above estimates on Wednesday and announced a stock split. With the rally in artificial intelligence-related stocks getting a reassuring boost, tech shares led gains on the Nikkei share average, which was up…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 0 HANG SENG [+] 05/22/2024 19,195.60 -0.13% -1.83% 16.25% -2.45% -2.96% BUX [+] 05/17/2024 68,088.24 -1.11% -1.34% 2.98% 48.47% 55.47% ICEX [+] 05/22/2024 2,083.15 0.14% 0.18% -0.35% 2.78% -1.93% NIFTY [+] 05/22/2024 22,597.80 0.31% 0.43% 1.17% 23.39% 3.99% JCI Jakarta [+] 05/22/2024 7,221.04 0.26% -1.65% 1.95% 7.30% -0.71% TA-35 [+] 05/22/2024 1,971.22 -0.16% -0.57% 1.93% 9.25% 5.68% ASE Amman [+] 05/22/2024 2,415.09 0.94% 1.08% -1.18% -2.42% -0.66% KASE [+] 05/22/2024 5,109.86 -0.06% 1.89% 3.77% 42.46% 22.03%…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] April 2024 3.4% 2.2% United Kingdom [+] March 2024 3.2% 0.6% Germany [+] April 2024 2.2% 1.5% France [+] April 2024 2.2% 1.4% Japan [+] March 2024 2.7% 0.4% Spain [+] April 2024 3.3% 1.9% Italy [+] April 2024 0.9% 0.6% Portugal [+] March 2024 2.3% 2.0% 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 [+] December 2023 5.6%…

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GDP expands at faster pace in fy2024 Bangladesh’s economy has grown at a faster pace, albeit marginally, in the current fiscal year than the previous one although the production of industrial goods and agricultural commodities recorded reduced growth. The country registered a 5.82 percent growth in Gross Domestic Product (GDP) in 2023-24, up from 5.78 percent in 2022-23, according to provisional data released by the Bangladesh Bureau of Statistics (BBS). The service sector, which encompasses trade, transport, hotel, IT, and financial activities, drove the overall growth of the GDP, a measure of the final value of goods and services produced…

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Shipping’s resilience buffeted by threats In 2024, the shipping industry has been caught in a maelstrom of challenges that threaten to destabilise global supply chains, endanger crew safety, and derail progress made on environmental sustainabilit. Allianz Commercial’s annual Safety and Shipping Review, due to be published later this month, has examined emerging risk areas and proposed solutions to navigate this turbulent landscape and build a more resilient industry. In an article adapted from the upcoming review, Allianz Commercial’s experts noted that the conflict in Gaza has transformed the Red Sea into a perilous environment for commercial shipping, with a drastic…

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China’s April coal output falls China’s coal production in April fell to its lowest level since Oct 2022, statistics bureau data and Reuters records showed on Friday, as continuing mine safety inspections curbed output. Output was 371.67 million metric tons last month, down 2.9 percent from a year earlier, according to the National Bureau of Statistics. That was also down 7 percent from March. Lower output from China’s coking coal hub of Shanxi weighed on output after the local government ordered a series of safety checks during March-May following an uptick in deadly accidents, and told miners to curb excess…

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Management and the Liberal Arts Management is a liberal art. Management is what tradition used to call liberal art – “liberal” because it deals with the fundamentals of knowledge, self-knowledge, wisdom, and leadership; “art” because it deals with practice and application. Managers draw upon all of the knowledge’s and insights of the humanities and social sciences – on psychology and philosophy, on economics and history, on the physical sciences and ethics. But they have to focus this knowledge on effectiveness and results – on healing a sick patient, teaching a student, building a bridge, designing and selling a “user-friendly” software…

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In today’s world, road traffic accidents (RTAs) stand as a significant issue, ranking as the seventh leading cause of death globally. The World Health Organisation (WHO) predicts that by 2030, RTAs will rise to become the fifth-highest cause of death. Particularly alarming is the fact that between the ages of 5 to 44, accidents are the primary cause of death, ranking among the top three causes worldwide. The current Sustainable Development Goal 11.2 aims to provide everyone with access to secure, affordable, accessible, and sustainable transport services by 2030. Despite accounting for only 60 per cent of all vehicles on…

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In 2024, international researchers have projected that the global insurance market is set to reach an impressive market size of US$9.10 trillion. Within this expansive market, Non-Life insurance takes the lead with an anticipated market volume of US$5.42 trillion for the same year. On average, individuals are expected to spend approximately US$1.17k per capita in the insurance market in 2024. According to the Marsh Global Insurance Market Index, global commercial insurance rates experienced a modest 1 percent rise in the first quarter of 2024, compared to a 2 percent increase in the preceding quarter. This marks a continuation of a…

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Market Capitalization: Comparison Of Insurance Sector With Different Sector Sectors Market Cap On 30/06/2022 (Rs million) Market Cap On 31/03/2023 (Rs million) %Change Fertilizer 527,337.7 491,310.2 -6.8 Food & Personal Care Products 710,931.7 578,708.0 -18.6 Glass & Ceramics 63,727.9 57,348.7 -10.0 Insurance 135,286.4 119,307.8 -11.8 Inv. Banks / Inv. Cos. / Securities Cos. 110,529.0 116,827.8 5.7 Jute 214.4 177.0 -17.4 Leasing Companies 445.4 415.6 -6.7 Leather & Tanneries 43,225.5 31,858.0 -26.3 Miscellaneous 104,889.6 64,420.2 -38.6 Modarabas 23,036.7 19,461.3 -15.5 Oil & Gas Exploration Companies 869,323.5 847,663.4 -2.5 Oil & Gas Marketing Companies 177,892.8 151,661.6 -14.7 Paper & Board 64,515.4 54,029.5…

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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 ( May 09 2024) Currency Symbol Buying Selling Australian Dollar AUD 180 182 Bahrain Dinar BHD 740.79 748.79 Canadian Dollar CAD 203 205 China Yuan CNY 38.43 38.83 Danish Krone DKK 40.16 40.56 Euro EUR 295.5 298 Hong Kong Dollar…

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Hong Kong, Shanghai start day on tepid note Hong Kong stock and mainland Chinese markets were barely moved at the open Thursday, with traders looking for inspiration to extend their latest rally following a soft lead from Wall Street. The Hang Seng Index inched down 7.61 points to 18,306.25. The Shanghai Composite Index was also flat, ticking 0.32 points lower to 3,128.16, while the Shenzhen Composite Index on China’s second exchange slid 0.24 points to 1,772.59. Asia shares steady after solid China trade data Asian shares steadied on Thursday after solid Chinese trade data added to signs domestic demand in…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD OMX25 [+] 05/07/2024 4,566.64 0.26% 1.49% 2.47% -4.16% 1.12% GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 0 HANG SENG [+] 05/07/2024 18,479.37 -0.53% 0.02% 10.50% -7.83% -6.58% BUX [+] 05/02/2024 68,123.99 -0.03% 1.62% 3.51% 49.76% 55.56% ICEX [+] 05/08/2024 2,082.35 0 -0.81% 0.01% -0.05% -1.97% NIFTY [+] 05/07/2024 22,302.50 -0.62% -0.77% -0.94% 23.43% 2.63% JCI Jakarta [+] 05/07/2024 7,144.05 -0.17% 0.17% -1.96% 5.25% -1.77% TA-35 [+] 05/07/2024 1,971.84 1.42% 1.67% 1.55% 9.73% 5.71% ASE Amman [+] 05/07/2024 2,352.25 -0.09% -0.56% -3.96% -3.78% -3.25%…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] March 2024 3.5% 1.8% United Kingdom [+] March 2024 3.2% 0.6% Germany [+] March 2024 2.2% 1.0% France [+] April 2024 2.2% 1.4% Japan [+] March 2024 2.7% 0.4% Spain [+] April 2024 3.3% 2.0% Italy [+] April 2024 0.9% 0.6% Portugal [+] March 2024 2.3% 2.0% Greece [+] March 2024 3.2% 0.8% Ireland [+] March 2024 2.9% 0.2% Andorra [+] March 2024 4.1% 1.4% Armenia [+] March 2024 -1.2% 0.2% Angola [+] March 2024 26.1% 7.8% Argentina [+] March 2024 287.9% 51.6% Austria [+] December 2023 5.6%…

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Indonesia’s q1 GDP growth beats forecasts, but outlook’s uncertain Indonesia’s economic growth in the first quarter beat expectations, buoyed by high public spending for the country’s elections, but maintaining the strong pace will be challenging due to global developments and tight local monetary conditions. Southeast Asia’s largest economy grew by 5.11 percent on a yearly basis in the January-March period, the highest growth rate in three quarters. Growth exceeded the 5 percent rate expected by economists polled by Reuters and the 5.04 percent achieved in the fourth quarter. In the first three months of 2024, campaign expenditure for the Feb.…

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Ship recycling market picking up the pace The ship recycling has been on a rise last week, with India as the standout performer. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “India’s ship recycling market is improving, driven by robust local demand anticipated to maintain favorable conditions this month. Bangladesh’s market is stable but slightly declining. Challenges include sluggish demand from steel mills and LC issues from USD shortages, while an influx of Chinese-built vessels has impacted buyer confidence. Pakistan’s market remains unchanged with no new vessel entries and persistent slow activity,…

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Lagos-niger partnership to boost rice production- Govt The Lagos State Government has said its partnership with Niger State is to boost rice production. The Special Adviser to the Governor on Agriculture, Dr. Oluwarotimi Fashola, on Tuesday, said the government, through its Rice Mill Initiative, was partnering with different states in Nigeria to sustain the availability of paddy production and enhance productivity. Fashola spoke while the state Commissioner for Agriculture, Ms. Abisola Olusanya, was giving the report of the ministry in Ikeja to commemorate the first year of the second term in office of Governor Babajide Sanwo-Olu. Pakistan’s dairy, beef sectors…

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Managing Oneself: Identify Strengths It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity. You can learn to identify your strengths by using feedback analysis. This is a simple process in which you write down every one of your key decisions and key actions along with the results that you expect them to achieve. Nine to twelve months later, check the actual results against expectations. After two to three years of use, you will know your strengths by tracking those decisions and actions where actual results fell in line…

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International experts recorded that dissimilar methods are being taken globally with regard to the utilisation of nuclear energy for power generation. There are roughly three groups: While some are aiming to phase out nuclear power in the short or medium term, others are extending the lifetimes of nuclear power plants (NPPs), while others are planning new plants and, in some cases, are also extending their lifetimes. According to Pakistan’s Ministry of Finance, the country has became a nuclear power producer in 1972 when KANUPP, a 137MW nuclear power plant in Karachi, began operations. In Pakistan, the Pakistan Atomic Energy Commission…

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During FY2023 (July-March), total electricity consumption was recorded at 84,034 GWh. The household sector is the largest consumer of electricity, consuming 39,200 GWh (46.6 per cent), followed by the industrial sector with 23,687 GWh (28.2 per cent). Moreover, agriculture and commercial sectors consume 6,906 GWh (8.2 per cent) and 6,576 GWh (7.8 per cent), respectively, whereas the electricity consumption in other sectors (streetlights, general services, and other government) is 7,664 GWh (9.1 per cent), according to the officials of Government of Pakistan. Commercial energy consumption in Pakistan Fiscal Year Electricity (GWH) Traction Household Commercial Industrial Agricultural Street Lights General Services…

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Commercial Energy Consumption In Pakistan Fiscal Year GAS (mm cft) Households Commercial Cement Fertilizer Power SSGC Industry Transport CNG Total 2010-11 232,244 36,466 1,378 228,460 337,401 – 291,667 113,055 1,240,671 2011-12 261,915 39,627 1,266 211,828 358,381 – 296,181 119,000 1,288,198 2012-13 291,917 40,689 586 188,020 362,262 – 284,278 100,228 1,267,980 2013-14 269,135 38,117 522 216,518 349,535 – 259,032 87,634 1,220,493 2014-15 278,069 35,187 831 225,512 371,562 – 247,214 66,517 1,224,892 2015-16 271,302 33,633 497 262,923 440,593 – 231,517 64,455 1,304,920 2016-17 290,868 32,858 583 276,805 446,941 – 262,006 67,245 1,377,307 2017-18 284,428 32,096 886 248,104 544,654 – 274,074 70,455 1,454,697…

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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 (Apr 24 2024) Currency Symbol Buying Selling Australian Dollar AUD 181 182.8 Bahrain Dinar BHD 740.8 748.8 Canadian Dollar CAD 201 203 China Yuan CNY 38.45 38.85 Danish Krone DKK 39.75 40.15 Euro EUR 293.2 296.2 Hong Kong Dollar HKD…

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Major Gulf markets gain Major stock markets in the Gulf rose in early trade on Tuesday, on course to recover some losses as fears of wider geopolitical strife eased. Iran said on Friday that it had no plan to retaliate following an apparent Israeli drone attack within its borders, which in turn followed an Iranian missile and drone attack on Israel days before. Saudi Arabia’s benchmark index gained 0.6 percent, with Saudi Aramco advancing 0.5 percent, after the oil giant said it is in talks to acquire a 10 percent stake in China’s Hengli Petrochemical. The deal would further bolster…

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Stock Market Indexes Description Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NIFTY [+] 04/23/2024 22,368.00 0.14% 1.00% 1.23% 26.92% 2.93% JCI Jakarta [+] 04/23/2024 7,125.13 0.59% 0.40% -2.79% 4.45% -2.03% TA-35 [+] 04/21/2024 1,933.92 1.12% 0.05% -2.30% 12.93% 3.68% ASE Amman [+] 04/23/2024 2,444.17 0.01% -0.16% -2.01% -1.30% 0.53% OMX Vilnius [+] 04/23/2024 953.22 0.15% 0.42% 0.18% -5.45% 0.64% LuxX [+] 04/22/2024 1,444.69 1.64% 1.64% -2.02% -6.02% -5.24% FBMKLCI [+] 04/23/2024 1,561.64 0.13% 0.91% 1.25% 9.81% 4.42% MBI10 [+] 04/23/2024 7,187.14 1.12% 1.30% 3.36% 22.36% 17.51% OSEBX [+] 04/23/2024 1,339.80 -0.03% -0.11% 1.55% 10.71% 2.54% MSM30…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] March 2024 3.5% 1.8% United Kingdom [+] March 2024 3.2% 0.6% Germany [+] March 2024 2.2% 1.0% France [+] March 2024 2.3% 0.9% Japan [+] March 2024 2.7% 0.4% Spain [+] March 2024 3.2% 1.2% Italy [+] March 2024 1.3% 0.5% Portugal [+] March 2024 2.3% 2.0% Greece [+] March 2024 3.2% 0.8% Ireland [+] March 2024 2.9% 0.2% Andorra [+] March 2024 4.1% 1.4% Armenia [+] March 2024 -1.2% 0.2% Angola [+] March 2024 26.1% 7.8% Argentina [+] March 2024 287.9% 51.6% Austria [+] December 2023 5.6%…

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Mongolia’s economy expected to grow 4.1pc in 2024 and 6.0pc in 2025 Mongolia’s economy had robust growth in 2023 as mineral output and exports increased, leading to current account and fiscal surpluses, as well as larger international reserves. Inflation receded but remained elevated. Mining will drive growth in 2024 and 2025, particularly the Oyu Tolgoi mine, which is expected to ramp up concentrate production. In its flagship economic report, Asian Development Outlook (ADO) April 2024, the Asian Development Bank (ADB) projects that Mongolia’s economy will grow at 4.1 percent in 2024, compared to 7.0 percent growth in 2023. Growth in…

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LNG shipping: high supply suppresses rates LNG shipping is undergoing major shifts since the start of 2024. In its latest weekly report, shipbroker said that during Q1 of 2024, the LNG shipping market experienced major disruptions and shifts that significantly altered global trade routes and market fundamentals. The year commenced with logistical challenges, particularly highlighted by persistently low water levels in the Panama Canal, which constrained LNG transits. Compounding these challenges, LNG carrier movements through the Suez Canal have been completely halted since mid-January, necessitating a strategic redirection of shipments along alternative routes. Iron ore shipments up 3.8pc In the…

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Miners ignore softer uranium price Uranium markets posted varied performance in March, with the U3O8 uranium spot price declining 6.84 percent, from US$94.60 to $88.13 per pound. By contrast, uranium miners and junior uranium miners rose, gaining 1.75 percent and 2.52 percent, respectively. One key factor influencing market behavior is the strategic positioning of buyers, who appear to be abstaining from active participation in the market. Over the longer term, physical uranium and uranium miners have demonstrated significant outperformance against broad asset classes, particularly other commodities. Given the increasing global recognition of nuclear energy’s importance to energy security and decarbonization,…

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Unrealized Business Potential “Opportunity is where you find it,” not where it finds you. Luck, chance and catastrophe affect business as they do all human endeavors. But luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential. No matter how successfully a business organizes itself for the challenges and opportunities of the present, it will still be far below its optimum performance. Its potential is always greater than its realized actuality. Dangers and weaknesses indicate where to look for business potential. To convert them from problems into opportunities brings extraordinary…

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 Surging prices of essential commodities, food items immense burdens on consumers The observance of Ramazan holds deep spiritual significance for Muslims worldwide, symbolising devotion, self-discipline, and reflection. However, in recent years, Pakistan has faced the challenge of navigating heightened economic strain during this sacred month. The inflation rates, which have been steadily increasing, intensify during Ramazan, placing additional burdens on the country’s economy and its people. With this year Ramazan, experts and analysts attribute this economic pressure to various global factors, including economic volatility on the international stage, fluctuations in exchange rates, and unpredictable shifts in commodity prices. These external…

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According to the statistics released by the State Bank of Pakistan (SBP) during October-December 2023, Islamic Banking Institutions included 22 banks, comprising 6 full-fledged Islamic banks and 16 conventional banks having standalone Islamic banking branches. Islamic Banking branch network has shown a quarterly growth of 6.2 per cent with the addition of 289 branches. With the inclusion of these branches, IBI branch network proliferated to 4,955. State Bank of Pakistan (SBP) showed that the Islamic banking industry has marked its presence in 131 districts across Pakistan. In addition to that Islamic banking windows (IBWs) reached 1,922 by the close of…

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Sector Wise Financing (Share in %) Sector Dec-22 Sep-23 Dec-23 Overall Banking Industry Chemical and Pharmaceuticals 5.1 5.0 5.4 3.3 Agribusiness 13.7 11.7 10.7 7.9 Textile 16.7 17.6 16.3 15.6 Cement 2.5 2.8 2.4 2.0 Sugar 2.6 2.0 2.9 2.3 Shoes and leather garments 0.4 0.4 0.4 0.4 Automobile and transportation equipment 1.5 1.3 1.4 1.5 Financial 1.6 1.5 1.6 3.1 Electronics and electrical appliances 1.0 0.7 1.1 1.2 Production and transmission of energy 10.1 11.3 10.4 13.5 Individuals 11.9 11.2 10.5 8.7 Others 32.9 34.5 36.9 40.5 Total 100 100 100 100 Mode Wise Financing (Share in %) Mode…

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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 (Apr 01 2024) Currency Symbol Buying Selling Australian Dollar AUD 182.7 184.5 Bahrain Dinar BHD 747.61 755.61 Canadian Dollar CAD 204.25 206.45 China Yuan CNY 38.74 39.14 Danish Krone DKK 40.3 40.7 Euro EUR 301.45 304.45 Hong Kong Dollar HKD…

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Tokyo stocks end lower on profit-taking Tokyo stock shed early gains to close lower on profit-taking on Monday, as investors sought fresh direction after the Easter break in the United States. The benchmark Nikkei 225 index fell 1.40 percent, or 566.35 points, to end at 39,803.09, while the broader Topix index dropped 1.71 percent, or 47.40 points, to 2,721.22. Before the opening bell, the Bank of Japan’s Tankan poll showed that business confidence among large manufacturers slipped in March – the first decline in the past four quarters, although it was slightly higher than market expectations. Indian shares open higher…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 03/27/2024 28,366.99 -1.46% -4.32% -0.58% 31.24% 9.27% PSEi [+] 03/27/2024 6,903.53 0.08% 0.31% 0.62% 4.68% 7.03% WIG20 [+] 03/28/2024 2,436.05 1.72% 2.45% 1.00% 43.79% 3.97% QE Qatar [+] 03/28/2024 9,943.61 -0.14% -2.62% -5.18% -3.54% -8.19% BET [+] 03/29/2024 17,025.61 1.16% 1.62% 7.14% 41.25% 45.97% MOEX [+] 03/29/2024 3,332.53 0.60% 1.80% 2.33% 35.42% 7.53% TASI [+] 03/28/2024 12,565.89 -0.33% -2.10% -0.36% 20.04% 5.00% BELEX15 [+] 03/29/2024 989.95 0.45% 2.17% 6.92% 11.32% 20.05% STI [+]…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] February 2024 3.2% 1.2% United Kingdom [+] February 2024 3.4% 0.1% Germany [+] February 2024 2.5% 0.6% France [+] February 2024 2.9% 0.7% Japan [+] January 2024 2.1% 0.1% Spain [+] February 2024 2.8% 0.4% Italy [+] February 2024 0.8% 0.4% Portugal [+] February 2024 2.1% 0.0% Greece [+] February 2024 2.9% -0.7% Ireland [+] February 2024 3.4% -0.3% Andorra [+] February 2024 4.3% 0.1% Armenia [+] February 2024 -1.3% 0.4% Angola [+] February 2024 24.1% 5.1% Argentina [+] February 2024 276.2% 36.6% Austria [+] December 2023 5.6%…

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World Bank maintains Malaysian GDP growth forecast at 4.3pc for 2024 The World Bank on Monday maintained its forecast for Malaysia’s economy to grow 4.3 percent this year, as household spending accelerates amid moderate inflation, but flagged narrow fiscal space and potential downside from external risks. Malaysia’s gross domestic product (GDP) will likely expand 4.3 percent this year, the multilateral agency said in its East Asia and Pacific April 2024 Economic Update report, unchanged when compared to its October 2023 forecast. For 2025, the World Bank expects the country’s economic growth pace to pick up slightly to 4.4 percent. “In…

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Clarksea index moves 35pc above trend Clarkson Research’s six monthly outlook for the global shipping markets, Shipping Review & Outlook, has today been released and is available on Shipping Intelligence Network. Summarising the review, Steve Gordon, Managing Director of Clarksons Research commented: Shipping markets are experiencing an extended period of positive market conditions, with our cross-sector ClarkSea Index averaging $24,000/day in the first quarter, up 35 percent on the 10-year trend and maintaining the strong levels of 2023. Aside from underlying trade volume growth and a tight shipbuilding market, complexities in supply and demand continue to impact including from geo-political…

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Wheat crop shaping up better than past two years Wheat production across Texas looks better than in years past, providing producers some optimism despite low wheat prices. Texas A&M AgriLife Extension Service specialists said several opportunities could exist for cashing in on good forage. Mark Welch, Ph.D., AgriLife Extension economist-grain marketing in the Texas A&M Department of Agricultural Economics, said while the U.S. Department of Agriculture doesn’t start its national winter wheat conditions reports until April 1, updates from the Southern Plains, which include the biggest winter wheat-producing states – Kansas, Texas, Oklahoma and Colorado – are showing conditions are…

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Tunnel-Vision Innovation Often a prescription drug designed for a specific ailment sometimes ends up being used for some other quite different ailment. When a new venture does succeed, more often than not it is in a market other than the one it was originally intended to serve, with products or services not quite those with which it had set out, bought in large part by customers it did not even think of when it started, and used for a host of purposes besides the ones for which the products were first designed. If a new venture does not anticipate this,…

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International experts revealed that the term Corporate Social Responsibility (CSR) is not new in the business world. Various academics and researchers over time, have evolved their meanings of CSR, basing them on the political, environmental, economic, and social circumstances of the moment. It is said that companies that engage in CSR see a rise in customer loyalty. In Pakistan, researchers recorded that CSR has mainly taken the form of philanthropy and voluntary gifts throughout its history, and this is in large part because of the country’s religious beliefs and long-standing social customs. Every person in the Pakistani community is typically…

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International experts recorded that natural gas has a wide range of applications across sectors, counting power generation, heating, and high-temperature industrial processes, as well as being a feedstock in, for example, the petrochemical and fertiliser industry. It is expected to play a pivotal role in the energy transition by balancing renewables-based power generation until energy-storage technologies are deployed at scale. Statistics showed that global gas demand is projected to grow past 2030 in all scenarios, with a total projected growth of between 10 and 15 per cent. Even in faster decarbonisation scenarios, growth is expected until 2030-40. After 2035, demand…

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As per the statistics released by the Government of Pakistan, agriculture sector, contributing 22.9 per cent in Gross Domestic Product (GDP) and 37.4 per cent in employment generation, ensures food security and offer raw material to the industrial sector. Agriculture is also a source of foreign exchange earning and significant for sustainable growth. However, from last couple of years, Pakistan observed climatic shocks which unfavorably affected this sector. This sector’s productivity is extremely sensitive to the frequency of adverse climatic events. More severely, the prolonged precipitation patterns increase river and inland water levels, resulting in flash and seasonal river and…

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Federal And Provincial Health Expenditure (Rs million) Fiscal Years Public Sector Expenditure (Federal + Provincial) Health Expenditure as % of GDP Current Expenditure Development Expenditure Total Health Expenditures 2017-18 329,033 87,434 416,467 1.1 2018-19 363,154 58,624 421,778 1.0 2019-20 427,915 77,496 505,411 1.1 2020-21 494,606 91,664 586,270 1.0 2021-22 (P) 712,289 207,129 919,418 1.4 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 Gini Co-Efficient Adjusted By HH Weigths Years Pakistan…

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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 ( Mar 22 2024) Currency Symbol Buying Selling Australian Dollar AUD 182.7 184.5 Bahrain Dinar BHD 740.92 748.92 Canadian Dollar CAD 204 206.2 China Yuan CNY 38.74 39.14 Danish Krone DKK 40.58 40.98 Euro EUR 301.45 304.45 Hong Kong Dollar…

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Gulf bourses rise on FED’s rate cut stance Most stock markets in the Gulf closed higher on Thursday, led by the Saudi index, joining a global rally as investors cheered the U.S. Federal Reserve’s indication that it will still deliver three rate cuts this year. The Fed kept borrowing costs unchanged on Wednesday and signaled they still expect to ease interest rates by three-quarters of a percentage point by the end of 2024. Most Gulf currencies are pegged to the dollar and any monetary policy change in the United States is usually mimicked by Saudi Arabia, the United Arab Emirates…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MONEX20 [+] 03/21/2024 14,640.52 -0.68% -0.85% -4.37% 0.31% -6.05% MASI [+] 03/21/2024 12,977.56 -0.15% -0.66% 0.12% 25.79% 7.32% MYANPIX [+] 03/21/2024 363.35 0.04% 1.36% 0.99% -2.69% -1.06% NSX Namibia [+] 03/20/2024 1,505.80 0.80% -0.75% -1.01% -3.48% -7.68% AEX [+] 03/21/2024 875.42 1.73% 2.78% 3.38% 18.91% 11.26% NZX 50 [+] 03/21/2024 11,915.71 0.70% 1.60% 2.81% 3.33% 1.23% MBI10 [+] 03/21/2024 6,894.68 0.12% 0.49% 3.32% 19.28% 12.73% OSEBX [+] 03/21/2024 1,310.55 0.52% 1.35% 4.01% 11.39% 0.30% MSM30 [+] 03/20/2024 4,809.00 -0.45% 0.69% 4.97% -1.05% 6.53% KSE100 [+]…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] February 2024 3.2% 1.2% United Kingdom [+] February 2024 3.4% 0.1% Germany [+] February 2024 2.5% 0.6% France [+] February 2024 2.9% 0.7% Japan [+] January 2024 2.1% 0.1% Spain [+] February 2024 2.8% 0.4% Italy [+] February 2024 0.8% 0.4% Portugal [+] February 2024 2.1% 0.0% Greece [+] February 2024 2.9% -0.7% Ireland [+] February 2024 3.4% -0.3% Andorra [+] February 2024 4.3% 0.1% Armenia [+] February 2024 -1.3% 0.4% Angola [+] February 2024 24.1% 5.1% Argentina [+] February 2024 276.2% 36.6% Austria [+] December 2023 5.6%…

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Malaysian Central Bank sees Malaysia to grow between 4 pct to 5 pct in 2024 The Malaysian economy is projected to grow between 4 percent and 5 percent in 2024, supported by the resilient domestic demand and improvement in external demand, Malaysian Central Bank said Wednesday. The Bank Negara Malaysia said in its 2023 Economic and Monetary Review report that tourism is expected to improve further, while the implementation of new and ongoing multi-year projects by both the private and public sectors would support investment activity. Nevertheless, the bank said domestic growth remains subject to downside risks from both external…

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ETS: ‘Quite A Year’ for ship owners It has been “quite a year” for ship owners preparing for the EU Emission Trading System, according to Steve Laybourn, chartering manager at Ardmore Shipping. Describing the preparation as a “bit of a rollercoaster ride”, Laybourn urged laggards to move quickly and put in place proactive measures. “We’ve had to negotiate everything from our internal roles, responsibilities, workflows, and dealing with our technical managers. We’ve had to set up a trading account with our EU Administering Authority. We’ve gone through KYC and onboarding with our carbon trading partners, and we’ve gone through our…

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Sugar production in Maharashtra crosses 102 lakh tonnes The Sugarcane crushing season is in its final phase in Maharashtra, with 67 sugar mills having concluded operations till March 17, compared to 143 mills during the same period in the previous season, according to data from the Sugar Commissionerate. Sugar recovery has also witnessed a marginal increase this season, standing at 10.15 percent as of March 17, compared to 9.96 percent last year. Of the 207 sugar mills that participated in crushing this season, including 103 cooperative and 104 private mills, a total of 1009.4 lakh tonnes of sugarcane have been…

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Diversification Shoemaker, stick to your last!” The old cliché is still sound advice. The less diverse a business, the more manageable it is. Simplicity makes for clarity. People can understand their own job and see its relationship to results and to the performance of the whole. Efforts will tend to be concentrated. Expectations can be defined, and results can easily be appraised and measured. The less complex a business is, the fewer things can go wrong. And the more complex a business is, the more difficult it is to figure out what went wrong and to take the right remedial…

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International experts revealed that the term Corporate Social Responsibility (CSR) is not new in the business world. Various academics and researchers over time, have evolved their meanings of CSR, basing them on the political, environmental, economic, and social circumstances of the moment. It is said that companies that engage in CSR see a rise in customer loyalty. In Pakistan, researchers recorded that CSR has mainly taken the form of philanthropy and voluntary gifts throughout its history, and this is in large part because of the country’s religious beliefs and long-standing social customs. Every person in the Pakistani community is typically…

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The sector serves 76pc of all borrowers and accounts for about a third of all outstanding agriculture advances International studies revealed that the global microfinance market size in 2022 was estimated at USD 184.86 billion, USD 202.27 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.49 per cent to reach USD 410.78 billion by 2030. The microfinance sector as per the World Bank released report, a driver of Pakistan’s financial inclusion agenda, serves 76 per cent of all borrowers from the financial sector and accounts for about a third of all outstanding…

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According to the latest report by the Federal Bureau of Statistics (PBS), Pakistan’s inflation rate has surged to a staggering 32.73 per cent, marking a significant jump of 1.27 per cent in just one week. PBS records a concerning situation where prices of essential goods like eggs, onions, tea, potatoes, and garlic have recorded a rise. Even basic necessities such as gas have become more expensive, adding to the financial burden on households in Pakistan. Inflation in Pakistan Index February over February % Changes 2023-2024 2022-2023 2021-2022 CPI (National) 23.06 31.55 12.24 CPI (Urban) 24.87 28.82 11.51 CPI (Rural) 20.54…

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Human Development Index Country/Region HDI Rank Human Development Index (HDI) Value (2021) Average Annual HDI Growth(%) [1990-2021] Life Expectancy at Birth (years) Expected Years of Schooling (years) Mean Years of Schooling (years) Gross National Income (GNI) per capita (2017 PPP $) Multidimensional Poverty Index Headcount (%) SDG-3 SDG-4.3 SDG-4.4 SDG-8.5 SDG-1.2 World – 0.732 0.64 71.4 12.8 8.6 16,752 – South Asia – 0.632 1.16 67.9 11.6 6.7 6,481 29.0 Sri Lanka 73 0.782 0.67 76.4 14.1 10.8 12,578 2.9 Iran 76 0.774 0.82 73.9 14.6 10.6 13,001 – China 79 0.768 1.50 78.2 14.2 7.6 17,504 3.9 Maldives 90…

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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 (Mar 08 2024) Currency Symbol Buying Selling Australian Dollar AUD 181 183 Bahrain Dinar BHD 742.73 750.73 Canadian Dollar CAD 207 209.2 China Yuan CNY 38.81 39.21 Danish Krone DKK 40.88 41.28 Euro EUR 303.2 306.2 Hong Kong Dollar HKD…

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European stock markets steady before US jobs data Europe’s main stock markets steadied at the start of trading Friday, with all eyes on key US jobs data released ahead of the weekend. London’s FTSE 100 index dipped 0.1 percent to 7,683.77 points. In the eurozone, the Paris CAC 40 index opened flat at 8,017.19 points and Frankfurt’s DAX shed 0.1 percent to 17,824.00. Both indices in the single currency bloc closed at record highs Thursday prior to more all-time peaks on Wall Street, as sentiment wins a lift from strong company earnings and cooler inflation. London stocks tepid ahead of…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NZX 50 [+] 03/06/2024 11,813.66 1.17% 0.77% -0.61% -0.83% 0.37% MBI10 [+] 03/07/2024 6,757.65 0.08% -0.50% 2.32% 14.95% 10.49% OSEBX [+] 12/29/2024 1,306.61 2.56% 2.56% 2.56% 0 0 MSM30 [+] 12/31/2024 4,514.07 -5.03% -5.03% -5.03% 0 0 KSE100 [+] 03/06/2024 65,656.62 -0.11% 0.51% 2.91% 58.46% 5.13% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 03/06/2024 28,630.38 -0.19% 1.06% 4.83% 29.38% 10.29% PSEi [+] 12/29/2024 6,450.04 -6.23% -6.23% -6.23% 0 0 WIG20 [+] 12/29/2024 2,342.99 -1.20% -1.20% -1.20% 0 0 QE Qatar…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] January 2024 3.1% 0.5% United Kingdom [+] January 2024 4.0% -0.5% Germany [+] January 2024 2.9% 0.2% France [+] February 2024 2.9% 0.7% Japan [+] January 2024 2.1% 0.1% Spain [+] February 2024 2.8% 0.4% Italy [+] February 2024 0.8% 0.4% Portugal [+] January 2024 2.3% 0.0% Greece [+] January 2024 3.1% -0.8% Ireland [+] January 2024 4.1% -1.2% Andorra [+] January 2024 4.4% -0.4% Armenia [+] January 2024 -0.9% 1.2% Angola [+] January 2024 22.0% 2.5% Argentina [+] January 2024 254.3% 20.6% Austria [+] December 2023 5.6%…

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UIU hosts vital lecture on Bangladesh’s economic challenges Amid growing concerns over the state of its economy, Bangladesh’s United International University (UIU) took a proactive step by organizing a lecture series titled ‘State of the Bangladesh Economy: Riding Bumpy Times’. Held on its Dhaka campus, this event featured former World Bank lead economist Zahid Hussain as the keynote speaker, who delved into the intricate challenges the nation faces. Moderated by the dean of the school of business and economics, Professor Mohammad Musa, the event aimed to shed light on critical economic issues and foster a discourse on potential solutions. China…

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Red Sea movements and financial security Recent Houthi attacks on vessels passing through the straits of Bab al-Mandab on their way through the Red Sea mean that the shipping industry has moved beyond trade press reporting and onto front page news. While the causes of the current situation are very different, it is possible to draw a significant parallel with the grounding and arrest of the containership Ever Given in the Suez Canal in March 2021. Then, as now, the spectre of delays in the supply of goods and rising costs ensured that the wider world woke up to its…

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Rice prices begin to fall as Indonesian authorities probes cartel practice The price of rice has started to decline in various parts of the country after government efforts in past weeks to focus on distributing the staple food to markets. At several markets West Java and Jakarta, the prices of medium-grade rice ranged between Rp 10,000 (64 US cents) and Rp 14, 500 per kilogram on Thursday. The prices of premium rice stood at around Rp 16,000 per kg, lower than a week ago when it hit a historic high of Rp 18,000. “Prices have declined around Rp 1,000 per…

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Respect for the Business and Its Values The acquisition must be a “temperamental fit.” No acquisition works unless the people in the acquiring company have respect for the product, the markets, and the customers of the company they acquire. Though many large pharmaceutical companies have acquired cosmetic firms, none has made a great success of it. Pharmacologists and biochemists are “serious” people concerned with health and disease. By the same token, few of the big television networks and other entertainment companies have made a go of the book publishers they bought. Books are not “media,” and neither book buyers nor…

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