Author: S. Kamal Hayder Kazmi

 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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According to the UN World Economic Situation and Prospects 2024 report, the global economic growth is projected to slow down from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024. Weakening worldwide trade, high borrowing costs, elevated public debt, persistently low investment, and mounting geopolitical tensions put worldwide growth at risk. Pakistan: Trends In Components Of Expenditure (% of GDP) Year Total Expenditure Current Expenditure Markup Payments Defence Development Expenditure* Non-Interest Non-Defence Exp Fiscal Deficit Revenue Deficit Primary Balance FY2016 17.7 14.3 3.9 2.3 4.0 11.5 4.1 -0.8 -0.3 FY2017 19.1 14.6 3.8 2.5 4.8 12.8…

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The World Economic Outlook (WEO) report analyses economic growth in every global region, connecting performance with key sectors, including tourism. Those economies notably, with large travel and tourism sectors explain strong economic resilience and robust levels of economic activity. More specifically, countries where tourism shows a high percentage of Gross Domestic Product (GDP) have recorded faster recovery from the impacts of COVID-19 in comparison to economies where tourism is not an important sector. Strong demand for services has supported service-oriented economies — including important tourism destinations like Spain and France. Furthermore, the World Travel & Tourism Council (WTTC) has predicted…

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Pakistan Super League (PSL) Records And Statistics Season No. of teams Final Venue Player of the Tournament Winner Winning margin Runner-up 2016 5 Islamabad United175/4 (18.4 overs) 6 wickets Quetta Gladiators174/7 (20 overs) Dubai International Cricket Stadium, Dubai Ravi Bopara (Karachi Kings) 2017 Peshawar Zalmi148/6 (20 overs) 58 runs Quetta Gladiators90 (16.3 overs) Gaddafi Stadium, Lahore Kamran Akmal (Peshawar Zalmi) 2018 6 Islamabad United154/7 (16.5 overs) 3 wickets Peshawar Zalmi148/9 (20 overs) National Stadium, Karachi Luke Ronchi (Islamabad United) 2019 Quetta Gladiators139/2 (17.5 overs) 8 wickets Peshawar Zalmi138/8 (20 overs) Shane Watson (Quetta Gladiators) 2020 Karachi Kings135/5 (18.4 overs) 5 wickets Lahore Qalandars134/7 (20 overs) Babar Azam (Karachi…

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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 ( Feb 23 2024) Currency Symbol Buying Selling Australian Dollar AUD 181 183 Bahrain Dinar BHD 743.88 751.88 Canadian Dollar CAD 207 209 China Yuan CNY 38.89 39.29 Danish Krone DKK 40.38 40.78 Euro EUR 302 305 Hong Kong Dollar…

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FTSE 100 rises Britain’s FTSE 100 edged higher at open on Friday, propped by financial stocks following Standard Chartered’s results, though the index was on course for marginal losses in the week as markets digested a raft of mixed earnings updates. The FTSE 100 index rose 0.2 percent, as of 0820 GMT. Standard Chartered PLC jumped 6.4 percent to the top of FTSE 100 after the Asia-focused bank rewarded shareholders with dividends and a fresh $1 billion buyback as annual profit rose 18 percent. The stock powered a 1 percent rise in British lenders. The Blue Chip Share Index is…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD ICEX [+] 12/29/2024 2,124.25 -6.12% -6.12% -6.12% 0 0 NIFTY [+] 02/22/2024 22,217.45 0.74% 0.80% 2.99% 26.56% 2.24% JCI Jakarta [+] 12/29/2024 7,272.80 -0.91% -0.91% -0.91% 0 0 TA-35 [+] 02/22/2024 1,914.51 1.13% 2.12% 3.92% 8.78% 2.64% ASE Amman [+] 02/22/2024 2,465.25 0.19% -0.25% 0.09% -7.58% 1.40% KASE [+] 02/23/2024 4,698.95 0.50% 2.80% 8.47% 40.96% 12.22% KSW Kuwait [+] 12/28/2024 7,477.04 -8.01% -8.01% -8.01% 0 0 KSE Kyrgyz [+] 02/23/2024 2,701.12 0 0.01% 1.19% 6.85% 0.67% LSX Index [+] 02/23/2024 1,179.84 0.25% 1.16% 7.42% 10.33%…

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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 [+] January 2024 3.1% -0.2% Japan [+] December 2023 2.6% 2.6% Spain [+] January 2024 3.4% 0.1% Italy [+] January 2024 0.8% 0.3% 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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Japan loses its spot Japan’s economy has dropped to the fourth largest in the world. It fell behind Germany after its economy shrank in the last quarter of 2023. The Japanese government reported Thursday the economy shrank at an annual rate of 0.4 percent in October to December. It shrunk 2.9 percent from July to September. Two straight quarters of shrinkage are considered a sign that an economy is in a recession. Real gross domestic product is a measure of the value of a nation’s products and services. The yearly rate measures what would have happened if the quarterly rate…

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Global container equipment fleet growth picks up pace Growth in the global pool of shipping containers is picking up pace on rising trade prospects and slowing box productivity, as disruption in the Red Sea and Panama Canal lengthen voyage transit times, according to the latest analysis from Drewry’s recently published Container Equipment Forecaster report. Drewry estimates that the global box fleet rose 1 percent last year to 51.4 mteu, as a pickup in newbuild output in the final months of the year boosted inventories that had hitherto registered declines. And for 2024 it has upgraded its fleet projection with the…

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Does Australia have the will to develop the next critical mineral at scale? The Forces of demand driven by the global energy transition and supply limited by geopolitics are coalescing to make yet another mineral globally ‘critical’—uranium. Australia’s rich economic geology has endowed it with the world’s biggest uranium resources. Yet we have a long-term aversion to uranium mining driven in no small part by fears among many people stemming from the Cold War era when nuclear Armageddon was a persistent worry, periodically reinforced by civil reactor accidents. January milk production down slightly The USDA says production in the top…

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Defining Business Purpose and Mission: The Customer Who is the customer? “Who is the customer?” is the first and the crucial question in defining business purpose and business mission. It is not an easy, let alone an obvious question. How it is being answered determines, in large measure, how the business defines itself. The consumer – that is, the ultimate user of a product or a service – is always a customer. Most business has at least two customers. Both have to buy if there is to be a sale. The manufactures of branded consumer goods always have two customers…

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With the potential to revolutionise various aspects of our lives, Artificial Intelligence (AI) is a rapidly growing field, from how we work to how we travel and communicate. According to the latest facts, the worldwide AI market is also an economic powerhouse, worth approximately $455 billion. In the world, the North American Artificial Intelligence market is the largest, with a 36.84 per cent market share. AI growth statistics reveal the worldwide Artificial Intelligence market size could exceed $2,500 billion by 2032, at a compound annual growth rate (CAGR) of +19 per cent during this period. Statistics showed that by 2030…

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As per the report of the Pakistan Telecommunication Authority (PTA), Pakistan’s telecommunications and digital technology sectors are undergoing transformative changes, which are driven by the development of comprehensive regulatory frameworks and measures counting infrastructure sharing, spectrum management and refarming, commercial facilitation and ease of doing business, implementation of the Device Identification, Registration and Blocking System (DIRBS), introduction of Over-The-Top (OTT) Regulatory Framework, enlarged network and enforcement of stringent Quality of Service (QoS) regulations. These attempts are strongly tied to addressing problems stemming from inflation, low Average Revenue Per User (ARPU), growing fuel costs, and the substantial capital investments required for…

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Quarterly Payments Summary Of Transactions In Pakistan Details Q4-FY23 Q1-FY24 Quarterly Change Volume (mn) Value (PKR bn) Volume (mn) Value (PKR bn) Volume (% QoQ) Value (% QoQ) Large-Value Transactions PRISM Transactions 1.24 183,062.3 1.42 199,325.8 14.8% 8.9% Funds Transfer 1.21 58,572.9 1.40 65,388.4 16.4% 11.6% Securities Settlement 0.02 118,438.7 0.02 133,937.4 1.5% 13.1% Ancillary Clearing Transaction 0.01 6,050.7 – – – – Retail Transactions Digital Transactions 538.8 15,812.8 561.0 17,031.8 4.1% 7.7% Funds Transfer (intra-Bank/EMI)8 58.9 4,849.1 61.3 5,262.8 3.9% 8.5% Funds Transfer (inter-Bank/EMI)9 154.1 5,939.9 170.7 6,550.9 10.8% 10.3% Point-of-Sale (POS) Purchase 56.4 298.4 59.7 315.3 5.7% 5.7%…

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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 (Feb 09, 2024) Currency Symbol Buying Selling Australian Dollar AUD 183 184.8 Bahrain Dinar BHD 743.68 751.68 Canadian Dollar CAD 206 208 China Yuan CNY 39.09 39.49 Danish Krone DKK 40.25 40.65 Euro EUR 304 307 Hong Kong Dollar HKD…

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US stocks tread water as market targets 5,000 for S&P 500 US stocks opened little changed Thursday as strong Disney results bolstered the prospects for the S&P 500 hitting the 5,000 threshold. Shares of the entertainment giant rocketed up nearly 9 percent as Disney reported better-than-expected profits, disclosed it is buying a stake in Fortnite-maker Epic Games and announced a dividend hike and new share repurchase program. The Disney results follow good earnings this week from Caterpillar, Chipotle and other companies that have produced a string of records in recent weeks. About 20 minutes into trading, the Dow Jones Industrial…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD JCI Jakarta [+] 12/29/2024 7,272.80 0.52% 0.52% 0.52% 0 0 TA-35 [+] 02/07/2024 1,841.57 0.23% 0.60% -1.41% 1.95% -1.27% ASE Amman [+] 02/08/2024 2,483.55 0.53% -0.35% -0.02% -8.89% 2.15% KASE [+] 02/08/2024 4,372.37 0.51% 1.15% 2.85% 30.39% 4.42% KSW Kuwait [+] 12/28/2024 7,477.04 -6.09% -6.09% -6.09% 0 0 KSE Kyrgyz [+] 02/08/2024 2,694.64 -0.03% -0.03% 0.43% 14.56% 0.43% LSX Index [+] 02/08/2024 1,156.67 -0.70% 0.31% 6.80% 14.82% 7.16% OMX Riga [+] 12/29/2024 1,336.34 -1.51% -1.51% -1.51% 0 15.92% OMX Vilnius [+] 12/29/2024 946.76 -1.88% -1.88%…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] December 2023 3.4% 3.4% United Kingdom [+] December 2023 4.0% 3.9% Germany [+] December 2023 3.7% 3.7% France [+] January 2024 3.1% -0.2% Japan [+] December 2023 2.6% 2.6% Spain [+] January 2024 3.4% 0.1% Italy [+] January 2024 0.8% 0.3% Portugal [+] December 2023 1.4% 1.4% Greece [+] December 2023 3.5% 3.5% Ireland [+] December 2023 4.6% 4.6% Andorra [+] December 2023 4.6% 4.6% Argentina [+] December 2023 211.4% 211.4% Austria [+] December 2023 5.6% 5.6% Australia [+] September 2023 5.4% 3.4% Belgium [+] December 2023 1.4%…

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Indonesia economic growth slows in 2023 Southeast Asia’s largest economy expanded 5.05 percent, slightly above government projections but down from 5.3 percent in 2022, Statistics Indonesia said. Fourth-quarter growth came in at 5.04 percent, marginally better than the same period in 2022. Domestic consumption was the key driver for the economy, offsetting lagging exports, said acting Statistics Indonesia head Amalia Adininggar Widyasanti. “The main contributor to the GDP (growth)… included household consumption, which grew 4.82 percent,” Widyasanti told reporters, adding that investment also grew. Exports were up just 1.32 percent on-year, while imports contracted 1.65 percent, the data showed. And…

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EU ETS: shipping companies now know who to deal with Further to our previous articles on the EU’s Emission Trading System (ETS), shipping companies have now been informed which Administering Authority they will have to deal with when surrendering their EU emission allowances (EUAs). On 31 January 2024, a list was published showing which shipping companies have been allocated to which Member State’s Administering Authority within the EU ETS. Shipping companies can now find their allocated country by searching the list for their name or IMO identification number. Shipping companies that are registered in an EU Member State are not…

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Study points to Africa’s opportunities to increase rice production Africa’s rice sector has major opportunities to increase its yield gains through improved agronomic practices while avoiding massive land conversion, a study by international scientists including a Husker co-investigator finds. The production advances can be important in meeting Africa’s projected food needs and reducing dependence on imports, the researchers concluded. Rice demand in Africa is projected to more than double over the next 25 years due to population growth and increased rice consumption. At present, Africa imports nearly 40 percent of its rice. “Nearly 15 million hectares of rice are waiting…

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Balancing Three Corporate Dimensions Shareholder sovereignty is bound to flounder. It is a fair-weather model. An important task for top management in the next society’s corporation will be to balance the three dimensions of the corporation: as an economic organization, as a human organization, and as an increasingly important social organization. Each of the three models of the corporation developed in the past half-century stressed one of these dimensions and subordinated the other two. The German model of the “social market economy” put the emphasis on the social dimension; the Japanese one, on the human dimension; and the American one,…

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According to the Pakistan Bureau of Statistics (PBS) Pakistan’s Large Scale Manufacturing Industries (LSMI) production was decreased by 3.56 per cent MoM in September 2023 to stand at 112.85 as compared to 117.02 in August 2023. Conversely, on a yearly basis, the LSMI output witnessed an increase of 1.01 per cent YoY against 111.73 recorded in September 2022. Cumulatively in 3MFY24, LSMI has shown a growth of 0.68 per cent when compared with the corresponding period of previous year. Pakistan: Import Payments By Transport Group (Thousand US Dollar) Details Jul-Jun Dec FY23 Nov (R) FY24 Dec (P) FY24 Jul-Dec FY22…

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In 2021, the worldwide statistics report showed that the number of mobile users worldwide reached at 7.1 billion, with forecasts suggesting this is likely to increase to 7.26 billion by 2022. In 2025, the number of mobile users worldwide is projected to reach 7.49 billion. In Pakistan, according to the Pakistan Telecommunication Authority (PTA), the number of cellular subscribers declined from 190.44 million by end-August 2023 to 189.740 million by end-September 2023. The Cellular teledensity fell from 79.87 per cent by end-August 2023 to 79.44 per cent by end-September. Total teledensity declined from 80.95 per cent by end-August to 80.52…

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Popular Luxury Brands In The World For 2024 1.Louis Vuitton 2.Dior 3.Gucci 4.Chanel 5.Rolex 6.Hermes 7.Cartier 8.Ralph Lauren 9.Balenciaga 10.Prada 11.Versace 12.Burberry 13. Saint Laurent 14.Tiffany & Co Sector Wise Net FDI In Pakistan ($ Million) Sector 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24(Jul-Nov) Oil & Gas 249 146 372 349.8 311.4 251 195.3 135.1 79.1 Financial Business 289 297.3 400.3 286.5 274.8 236.4 405.3 275.1 71.1 Textiles 20 15.5 49.7 76.8 37.7 2.6 3.6 11.5 0.9 Trade 26.6 32.6 143 76.3 43.2 115.9 79.9 45.3 18.3 Construction 36.9 8.3 40.4 70.2 20.9 31.1 36.5 19 12.6 Power…

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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 ( Jan 19, 2024) Currency Symbol Buying Selling Australian Dollar AUD 182.5 184 Bahrain Dinar BHD 744.67 752.67 Canadian Dollar CAD 205 207 China Yuan CNY 39.18 39.58 Danish Krone DKK 40.77 41.17 Euro EUR 304.5 307.5 Hong Kong Dollar…

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Hong Kong stocks finish with another loss Hong Kong stocks ended a dire week with another loss on Friday as worries over China’s economic outlook overshadowed a tech-fuelled rally in New York and across most of Asia. The Hang Seng Index retreated 0.54 percent, or 83.10 points, to 15,308.69. The Shanghai Composite Index fell 0.47 percent, or 13.50 points, at 2,832.28, and the Shenzhen Composite Index on China’s second exchange sank 0.93 percent, or 15.88 points, to 1,686.58. Saudi Arabia’s Tadawul to buy 32.6pc stake Stock Exchange owner and operator Saudi Tadawul Group (1111.SE), opens new tab will buy a…

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Stock Market Indexes Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MASI [+] 12/29/2024 12,092.88 -3.99% -3.99% -3.99% 0 0 MYANPIX [+] 01/18/2024 368.69 0 1.37% 0.31% -4.97% 0.39% NSX Namibia [+] 12/29/2024 1,633.30 7.57% 7.57% 7.57% 0 0.13% NZX 50 [+] 01/17/2024 11,730.21 -0.14% -0.62% 1.74% -1.28% -0.34% MBI10 [+] 01/18/2024 6,282.78 0.21% 0.25% 3.12% 7.36% 2.72% OSEBX [+] 12/29/2024 1,306.61 2.79% 2.79% 2.79% 0 0 MSM30 [+] 12/31/2024 4,514.07 -1.65% -1.65% -1.65% 0 0 KSE100 [+] 01/17/2024 63,567.34 -0.27% -1.66% -3.88% 65.79% 1.79% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+]…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] December 2023 3.4% 3.4% United Kingdom [+] December 2023 4.0% 3.9% Germany [+] December 2023 3.7% 3.7% France [+] December 2023 3.7% 3.7% Japan [+] November 2023 2.9% 2.7% Spain [+] December 2023 3.1% 3.1% Italy [+] December 2023 0.6% 0.6% Portugal [+] December 2023 1.4% 1.4% Australia [+] September 2023 5.4% 3.4% Belgium [+] December 2023 1.4% 1.4% Canada [+] December 2023 3.4% 3.4% Switzerland [+] December 2023 1.7% 1.7% China [+] December 2023 -0.3% 0.2% Colombia [+] December 2023 9.3% 9.3% Egypt [+] January 2022 8.0%…

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Elections cast a shadow of uncertainty over Sri Lanka’s economic recovery Nearly two years after announcing a debt default in the middle of a severe social and political crisis, the Sri Lankan economy is showing the first signs of recovery. Year-on-year inflation dropped sharply to a low of 1.5 percent in October 2023 from its peak of 70 percent a year earlier. Interest rates are edging down accordingly and the highly volatile currency is now fluctuating within an acceptable range. After the longest and deepest stretch of negative growth — lasting seven consecutive quarters — the economy finally returned to…

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An ambitious global test bed for green ships sets sail With 90 percent of traded goods being transported across the ocean, the shipping industry stands at the heart of the global economy. Although shipping is highly efficient in terms of CO2 emissions per cargo weight, the industry as a whole is a major contributor to the world’s carbon footprint, accounting for 3 percent of global greenhouse gas (GHG) emissions. This is due to the sheer volume of movement and the industry’s heavy dependence on fossil fuels. Ship owners piling on tanker newbuildings More Tanker newbuilding orders has been the latest…

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Prevention is best defense against Bangladesh crop diseases Bangladeshi farmers are struggling with five major crop diseases, likely reducing the crop yield by up to 62 percent annually. Researchers suggest no effective insecticides for these diseases except for taking precautions and preventive measures. Rice Blast disease, rice tungro disease, wheat blast disease, jute stem rot and powdery mildew are the five major types of crop diseases in Bangladesh, according to researchers and the Bangladesh Rice Research Institute (BRRI). Wheat crop at risk from severe drought Pakistan’s wheat and other Rabi crops are facing a severe threat from an extended dry…

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Management and Economic Development It can be said that there are no “underdeveloped countries.” There are only “under managed” ones. Management creates economic and social development. Economic and social development is the result of management. It can be said, without too much oversimplification, that there are no “under developed countries.” There are only “under managed” ones. Japan a hundred and forty years ago was an underdeveloped country by every material measurement. But it very quickly produced management of great competence, indeed, of excellence. This means that management is the prime mover and that development is a consequence. All our experience…

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According to the economic survey of Pakistan Inflation is a key economic indicator that offers important insight into the general cost of living and price movements. Price stability is essential for all kinds of economic decision-making that leads not only to economic growth but also uplifts the poor and fixed-income citizens who are the most vulnerable segment of the society. Week Over Previous Week (WoW) (28.12.2023 Over 21.12.2023) Showing 0.37pc Change (Major) Increased Items (percentage) Food Items Food Items Per cent Food Items Per cent Non Food Items Per cent Onions 15.21 Sugar 1.35 Firewood 0.31 Chicken 4.76 Bananas 1.05…

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No doubt, skilled human resource is the most significant asset for a nation and to meet the needs of the contemporary world effective training strategy was crucial. In the era of technology and artificial intelligence, there was a need for equipping the youth with necessary up-to-date knowledge in Pakistan. The Government of Pakistan has started to set up a skilled development programme which will be helpful in the economic growth alongside pushing prosperity in the country’s regions and under the plan the government has prioritised the skill development of workers. Under the procedure of the programme testing and training centers…

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Core Inflation In Pakistan (%) (Base 2015-16) Details NFNE Trimmed Urban Rural Urban Rural YoY MoM YoY MoM YoY MoM YoY MoM Dec-2022 14.7 1.2 19.0 1.5 19.4 0.8 26.4 1.5 Jan-2023 15.4 1.4 19.4 1.5 20.9 1.5 27.8 2.1 Feb-2023 17.1 2.2 21.5 2.6 25.1 2.9 31.6 3.9 Mar-2023 18.6 2.5 23.1 2.4 28.7 2.7 35.0 2.9 Apr-2023 19.5 1.8 24.9 2.7 28.6 1.5 37.3 2.0 May-2023 20.0 1.2 26.9 2.5 30.5 1.5 38.8 2.0 Jun-2023 18.5 0.7 25.2 0.9 22.9 0.8 29.9 0.1 Jul-2023 18.4 1.2 24.6 1.2 21.7 1.9 28.7 2.4 Aug-2023 18.4 1.8 25.9 2.8 23.0…

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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 (Jan 05, 2024) Currency Symbol Buying Selling Australian Dollar AUD 189.5 191.5 Bahrain Dinar BHD 749.61 757.61 Canadian Dollar CAD 209 211 China Yuan CNY 39.54 39.94 Danish Krone DKK 41.41 41.81 Euro EUR 307.5 310.5 Hong Kong Dollar HKD…

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Hong Kong stocks finish week with more losses Hong Kong stocks finished a tough week with another loss Friday as 2024 got off to a terrible start for equities, with a forecast-beating US jobs report denting hopes for an early interest rate cut. The Hang Seng Index sank 0.66 percent, or 110.65 points to 16,535.33. The Shanghai Composite Index fell 0.85 percent, or 25.17 points, to 2,929.18, and the Shenzhen Composite Index on China’s second exchange sank 1.34 percent, or 24.08 points, to 1,773.43. London stocks fall The UK’s FTSE 100 fell on Friday, set to mark losses in the…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NSX Namibia [+] 12/29/2024 1,633.30 4.42% 4.42% 4.42% 0 0.13% AEX [+] 12/29/2024 786.82 0.83% 0.83% 0.83% 0 0 NZX 50 [+] 01/04/2024 11,721.78 0.24% -0.41% 3.52% 0.76% -0.41% MBI10 [+] 01/05/2024 6,220.83 0 1.71% 2.11% 7.99% 1.71% OSEBX [+] 12/29/2024 1,306.61 -1.25% -1.25% -1.25% 0 0 MSM30 [+] 12/31/2024 4,514.07 -1.43% -1.43% -1.43% 0 0 KSE100 [+] 01/04/2024 64,655.19 0.01% 3.53% 3.32% 59.49% 3.53% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 01/04/2024 25,679.61 0.47% -1.08% 15.07% 17.96% -1.08% PSEi…

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CPI Countries Countries Date CPI Interannual Accum. since January Colombia [+] November 2023 10.2% 8.8% Costa Rica [+] September 2022 10.4% 8.4% Czechia [+] November 2023 7.3% 7.3% Denmark [+] November 2023 0.6% 1.2% Dominican Republic [+] December 2023 3.6% 3.6% Ecuador [+] November 2023 1.5% 1.4% Estonia [+] November 2023 4.0% 4.1% Iceland [+] December 2023 7.8% 7.8% Jordan [+] February 2023 4.3% 0.3% Kenya [+] November 2023 6.8% 6.2% Kyrgyzstan [+] November 2023 8.0% 6.9% Cambodia [+] August 2023 3.2% 3.7% South Korea [+] November 2023 3.3% 3.2% Kazakhstan [+] December 2023 9.8% 9.8% Laos [+] November 2023…

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Bangladesh to become 20th largest economy by 2038 Bangladesh is poised for significant growth, with projections placing it as the 20th largest economy in the world by 2038, according to a forecast by the Centre for Economics and Business Research (CEBR). This marks a 17-place jump from Bangladesh’s current 37th position in 2023. Bangladesh’s economy has shown resilience and steady growth despite global challenges. In the fiscal 2021-22 (FY22), the country experienced an expansion of 7.1 percent, and while growth moderated to 6 percent in FY23, it still left the output 25.6 percent above pre-pandemic levels. However, this deceleration in…

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2023 ends with two major shipping passages experiencing disruptions Shipping’s two major shipping passages, forged through decades of works and lives lost under construction, the Panama Canal and the Suez Canal, facing serious disruption, thus, impacting freight rates and the flow of goods. In its latest weekly report, shipbroker said that “as 2023 draws to a close, the global shipping industry confronts significant challenges due to environmental and geopolitical issues impacting the Panama and Suez Canals. These pivotal maritime passages are experiencing disruptions that compel the industry to adapt, affecting global trade routes and logistics rapidly”. According to Research Analyst…

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Iron ore price climbs to multi-month high on upbeat Chinese data Iron ore futures climbed to multi-month highs on Tuesday, with sentiment boosted by upbeat economic data in top consumer China and mounting expectations of a flurry of pre-holiday replenishment from steelmakers in the coming weeks. The Most-Traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trading 2.93 percent higher at 1,002 yuan ($140.58) a metric ton, the highest since August 2021. PFA shuts four dairy production units The Punjab Food Authority (PFA) has stopped the production of four dairy units and issued notices to 232…

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Role of the Bystander The bystander sees things neither actor nor audience notices. Bystanders have no history of their own. They are on the stage but are not part of the action. They are not even audience. The fortunes of the play and every actor in it depend on the audience, whereas the reaction of the bystander has no effect except on himself. But standing in the wings – much like the fireman in the theater – the bystander sees things neither actor nor audience notices. Above all, he sees differently from the way actors or audiences see. Bystanders reflect,…

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Presently, the global economy faces higher energy prices which may remain intact because of the Russian-Ukraine war. The war has led to significant disruptions to the production and trade of commodities for which Russia and Ukraine are key exporters. World Bank’s (WB) forecasts showed that the war in Ukraine is set to trigger the largest commodity shock. This would contribute to a huge price surge for energy-related goods including oil and natural gas. Furthermore, energy prices are set to increase more than 50 per cent, pushing up costs for households and businesses. This situation has raised concerns at the global…

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Foreign reserves are capital deposits controlled by central banks or monetary authorities with the intention of accumulating a set of reserve currencies. Since international reserves are used to measure a country’s capacity to meet its foreign currency obligations, they function as an economic indicator. Liquid Foreign Exchange Reserves In 2023 (Million US$) End Period Net Reserves with SBP Net Reserves with Banks Total Liquid FX Reserves (Month end ) January 3,086.2 5,655.5 8,741.7 February 3,814.1 5,453.8 9,267.9 March 4,208.0 4,955.6 9,163.6 April 4,458.3 4,998.6 9,456.9 May 4,090.7 5,422.3 9,513.0 June 4,445.1 4,714.9 9,160.0 July 8,153.8 5,309.9 13,463.7 August 7,849.3 5,321.8…

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Quarterly Growth Rates of Gross Domestic Product (GDP) at Constant Basic Prices (Seasonally Un-Adjusted-YOY) (%) Sector/ Industry FY 2022-23 FY24 Q1 Q2 Q3 Q4 Q1 A. Agriculture Sector (1 to 4) 0.30 3.58 3.90 1.32 5.06 1. Crops (i+ii+iii) -7.37 4.69 3.18 -5.81 6.13 i. Important Crops -11.50 9.34 9.08 -8.52 11.16 ii. Other Crops -1.15 -0.36 -1.02 -1.19 0.11 iii. Cotton Ginning & miscellaneous -14.33 -23.77 -27.51 -25.79 5.08 2. Livestock 3.96 2.32 3.92 4.37 4.55 3. Forestry 13.37 15.82 15.41 12.36 7.07 4. Fishing 1.30 1.42 1.34 1.48 0.48 B. Industrial Sector (1 to 4) -1.63 0.39 -4.61 -8.79 2.48…

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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 ( Dec 22, 2023) Currency Symbol Buying Selling Australian Dollar AUD 188 190 Bahrain Dinar BHD 745.89 753.89 Canadian Dollar CAD 210 212 China Yuan CNY 39.82 40.22 Danish Krone DKK 41.4 41.8 Euro EUR 309.5 312.5 Hong Kong Dollar…

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Hong Kong shares open higher Hong Kong stocks resumed their week’s rally Friday after US data further stoked expectations the Federal Reserve will slash interest rates next year. The Hang Seng Index rose 0.73 percent, or 121.93 points, to 16,743.06. The Shanghai Composite Index was flat, inching up 0.57 points, to 2,919.29, and the Shenzhen Composite Index on China’s second exchange dipped 0.05 percent, or 0.95 points, to 1,800.54. Asia shares see slim weekly gain, await US inflation Asian Stocks were poised to eke out gains for the final full trading week of the year on Friday, while the dollar…

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Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSE TOP-20 [+] 12/20/2023 39,037.18 0.30% 0.22% 6.30% 5.69% 3.92% MONEX20 [+] 12/21/2023 15,536.96 -0.01% -0.01% 0.13% 13.60% 9.87% MASI [+] 12/21/2023 12,182.82 -0.52% 0.47% 1.72% 11.25% 13.64% MYANPIX [+] 12/21/2023 365.62 0.17% 0.32% -0.25% -8.12% -7.82% NSX Namibia [+] 12/30/2023 1,631.10 5.60% 5.60% 0.87% 0 0 AEX [+] 12/21/2023 789.88 -0.48% -0.41% 4.13% 11.32% 14.64% NZX 50 [+] 12/29/2023 11,473.24 -1.33% -1.33% 2.11% -0.99% 0 MBI10 [+] 12/21/2023 6,094.20 0.27% 0.05% 2.22% 8.51% 7.82% OSEBX [+] 12/21/2023 1,292.59 -0.34% -0.30% 0.30% 7.70% 8.71% TASI…

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CPI Countries Countries Date CPI Interannual Accum. since January United States [+] November 2023 3.1% 3.5% United Kingdom [+] November 2023 3.9% 3.5% Germany [+] November 2023 3.2% 3.6% France [+] November 2023 3.4% 3.5% Japan [+] October 2023 3.3% 2.9% Spain [+] November 2023 3.2% 3.1% Italy [+] November 2023 0.8% 0.5% Portugal [+] November 2023 1.5% 1.8% Greece [+] November 2023 3.0% 3.6% Ireland [+] November 2023 3.9% 4.1% Argentina [+] November 2023 160.9% 148.2% Austria [+] October 2023 5.4% 4.9% Australia [+] September 2023 5.4% 3.4% Brazil [+] November 2023 3.9% 3.1% Belarus [+] January 2022 10.4%…

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ADB cuts Bangladesh’s GDP growth forecast to 6.2pc in fy24 Bangladesh’s economic growth is set to decelerate by 0.3 percentage points to 6.2percent in the current fiscal year as the economy slows and uncertainties over the January election prevail, says the ADB. The Revised growth forecast from the Asian Development Bank came Tuesday in its flagship report Asian Development Outlook for December 2023. In the last projection in September, the Manila-based lender had forecast that Bangladesh’s gross domestic product (GDP) would grow at 6.5percent. The Growth has been revised down due to moderate growth in exports and manufacturing amid an…

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Maritime disruptions in the Suez Canal and Red Sea Attacks on container ships in the Red Sea and Suez Canal have caused major shipping lines worldwide to suspend their transits in the area, which is a strategic rendezvous point. A domino effect on world trade is expected, which is of concern to the industry, as around 10 percent of global trade passes through the Red Sea, including 30 percent of global container traffic. This includes possible delays in cargo movement in different regions, increased pressure on alternative transport routes and increased demand for transport services in unaffected areas. According to…

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Revolutionizing rice yield prediction The Increasing global demand for staple crops, projected to rise by 60 percent by 2050, is a pressing issue intensified by population growth, income increases, and biofuel usage. To meet this demand sustainably, intensifying existing cropland to minimize environmental impacts and yield gaps is critical. Traditional methods like self-reporting and crop cutting are either inaccurate or impractical, and while remote sensing technologies offer potential, their application remains limited in these regions. The advent of machine learning, specifically, deep learning with convolutional neural networks (CNNs), presents a promising avenue. This technology has shown proficiency in image analysis,…

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The Transnational Company Successful transnational companies see themselves as separate, non national entities. Most companies doing international business today are still organized as traditional multinationals. But the transformation into transnational companies has begun, and it is moving fast. The products or services may be the same, but the structure is fundamentally different. In a transnational company there is only one economic unit, the world. Selling, servicing, research, finance, marketing, pricing, and management are conducted in contemplation of the world market. One of America’s leading engineering companies, for instance, makes one critical part for al its forty-three plants worldwide in one…

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