Product tankers in Asia to keep benefiting from Australian demand Product tankers and more specifically, MRs are to keep benefiting from increasing demand from Australia. In its latest weekly report, shipbroker said that “in recent years, Australia’s refining sector has undergone a profound structural shift. Refinery rationalisation and Covid-19 related demand pressure led to the closure of several struggling refineries, following a prolonged downward trend. Recognising the implications for national security, the Australian Government intervened to keep the nation’s two remaining refineries – Lytton (109 kbd) and Geelong (120 kbd) in operation until at least 2027. Still, declining refining runs…
Author: S. Kamal Hayder Kazmi
Wheat production to remain good as temperature unlikely to impact the crop With the procurement of wheat during last season was on lower the side due to lesser production coupled with selling by farmers at prices higher than MSP in the open market consequent to the geo-political situation, the government has informed the parliament that wheat production this year may remain normal and there is little chance of it being affected by the rising temperature. Moreover, there is enough stock of wheat available in central pool to cater to the needs of the country till the time next wheat crop…
Society of Performing Organization “By their fruits ye shall know them.” Society in all developed countries has become a society of organizations in which most, if not all, social tasks are being done in and by an organization. Organizations do not exist for their own sake. They are means: each society’s organ for the discharge of one social task. The organization’s goal is a specific contribution to individual and society. The test of its performance, unlike that of a biological organism, therefore, always lies outside itself. This means that we must know what “performance” means for this or that institution.…
International experts identified that e-commerce has revolutionized the way people shop, offering customers convenience and access to products from the whole world that would otherwise not be obtainable. With its rapid growth, it is said that more firms are investing heavily in technology to make sure their businesses remain competitive and their customers have a reliable experience. Pakistan’s growing e-commerce has also been booming based on this global revolution of technology. The e-commerce sector in Pakistan has achieved significant growth over the past few years, thanks to the increasing internet and smartphone penetration. According to sources, Pakistan’s e-commerce sales are…
According to the Pakistan Bureau of Statistics (PBS), export from Pakistan during January 2023 worth Rs.525,461 million (provisional) as compared to Rs.519,817 million in December 2022 and Rs.460,856 million during January 2022 explaining a rise of 1.09 percent over December 2022 and by 14.02 percent over January 2022. In terms of US dollars the exports in January 2023 were recorded as $2,244 million (provisional) as against $2,313 million in December 2022 explaining a decline of 2.98 percent and by 14.15 percent as against $ 2,614 million in January 2022. Keeping all these and some other scenarios, expanding trade ties is…
Leading Consumer Brands In Pakistan Pepsi Coca-Cola Mountain Dew 7-Up Sprite Nestle Juice Shezan Juice Mirinda Sooper Bakeri Chocolate Chip Prince Peanut/ Pista Pik Rio Zeera Plus Gluco Mayfair Cafe Tiger TUC Marrie Dawlance LG National Sony Pel Philips Waves Haier Super Asia General Singer Nestle Milkpak Haleeb Everyday Olper’s Tarang Nido Good Milk Nurpur Nokia Samsung Blackberry LG Sony Ericsson Motorola Ufone Mobilink Telenor Warid Zong Lays Kolson Slanty Kurkure Kurleez Super Crisp Bake Parlor Cheetos Fry O Sunsilk Head & Shoulders Pantene Bio Amla Dove Lifebuoy Lux Safeguard Lifebuoy Capri Dettol Tibet Palmolive Opal Dove Lipton Tapal Brooke…
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 (March 10, 2023) Currency Symbol Buying Selling Australian Dollar AUD 182.5 184.5 Bahrain Dinar BHD 734.02 742.02 Canadian Dollar CAD 202 204.2 China Yuan CNY 39.64 40.04 Danish Krone DKK 39.6 40 Euro EUR 295 297.5 Hong Kong Dollar HKD…
Taiwan shares plunge by 1.55pc Shares in Taiwan fell sharply by more than 1.5 percent Friday as investors turned wary about the stock market outlook ahead of the release of the U.S. February job data, one of the most important factors expected to influence the Federal Reserve’s ongoing rate hike cycle, dealers said. In the wake of the heavy losses on the U.S. markets overnight, the local bellwether electronics sector came under pressure, led by large-cap semiconductor stocks, while a sell-off was also seen among old economy and financial stocks, adding more downward pressure on the local main board, dealers…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSM30 [+] 03/08/2023 4,854.67 0.70% 0.70% 1.85% 14.96% -0.06% KSE100 [+] 03/09/2023 41,585.54 0.55% 0.60% -2.07% -3.39% 2.88% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 03/08/2023 22,072.05 0.52% -0.77% -1.46% -10.19% 3.48% PSEi [+] 12/29/2023 6,566.39 -0.65% -0.65% -0.65% 0 0 WIG20 [+] 03/09/2023 1,835.94 -1.34% -0.32% -3.18% -6.96% 2.45% QE Qatar [+] 03/09/2023 10,736.60 -0.15% 1.08% 3.00% -21.22% 0.52% BET [+] 12/30/2023 11,663.53 -6.02% -6.02% -6.02% 0 0 MOEX [+] 03/07/2023 2,295.60 0.06% 1.03% 1.23% 11.54% 6.57% TASI [+]…
CPI Countries Countries Date CPI Interannual Accum. since January Armenia [+] January 2023 8.1% 1.4% Angola [+] January 2023 12.6% 0.8% Argentina [+] January 2023 98.8% 6.0% Austria [+] January 2023 11.2% 0.9% Switzerland [+] January 2023 3.3% 0.6% Chile [+] February 2023 12.0% 0.7% China [+] January 2023 2.1% 2.1% Colombia [+] February 2023 13.3% 3.5% Costa Rica [+] September 2022 10.4% 8.4% Czechia [+] January 2023 17.5% 6.0% Denmark [+] January 2023 7.7% 0.4% Dominican Republic [+] February 2023 6.4% 0.7% Ecuador [+] February 2023 2.9% 0.1% Estonia [+] February 2023 17.6% 1.3% Egypt [+] January 2022 8.0%…
Japan’s economy barely grew in q4 Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tightening across many countries have undermined the world’s third-biggest economy’s post-pandemic revival, despite relaxation of COVID curbs, energy subsidies and ultra-easy monetary policy. Businesses, under government pressure to increase wages to boost household consumption, are struggling to motor on in the face of muted demand at…
Newbuildings still in demand Newbuilding activity has kept its momentum over the past week, while S&P deals seem to have dropped off. In its latest weekly report, shipbroker said that “activity in the newbuilding sector remained on a similar level to the previous week, with deals concluded for around 15 new vessels. Dry bulk orders returned after two weeks of silence thanks to domestic orders placed with Chinese builder Nantong Xiangyu Shipbuilding. These orders are in-line with the preference for Ultramax vessels established throughout the first two months of year, in which over 50 percent of dry bulk carrier contracts…
Meat, dairy and rice production will bust 1.5c climate target Emissions from the food system alone will drive the world past 1.5C of global heating, unless high-methane foods are tackled. Climate-heating emissions from food production, dominated by meat, dairy and rice, will by themselves break the key international target of 1.5C if left unchecked, a detailed study has shown. The analysis estimated that if today’s level of food emissions continued, they would result in at least 0.7C of global heating by the end of the century, on top of the 1C rise already seen. This means emissions from food alone,…
Management: The Central Social Function Non economic institutions need a yardstick that does for them what profitability does for business. Non business institutions flock in increasing number to business management to learn from it how to manage themselves. The hospital, the armed service, the Catholic diocese, the civil service – all want to go to school for business management. This does not mean that business management can be transferred to other, non business institutions. On the contrary, the first thing these institutions have to learn from business management is that management begins with the setting of objectives and that, therefore,…
International experts identified that the world oil demand growth forecast for 2022 remains equal to last month’s assessment at 2.5 mb/d. The OECD demand in 4Q22 was adjusted downward to reflect the latest fats but non-OECD demand in 4Q22 was revised higher because of improvements in economic activity in some states and a slight recovery in oil demand in China after the lifting of its zero-Covid-19 strategy. Pakistan: Import Payments By Petroleum Groups (Thousand US Dollar) Petroleum Group Jul-Jun Jan FY22 Dec(R)FY23 Jan(P) FY23 Jul-Jan FY21 FY22 FY22 FY23 P Petroleum Products 4,640,569 10,296,177 661,981 513,421 578,111 5,116,841 5,895,716 Petroleum…
The Government of Pakistan dropped another petrol attack on the directives of the International Monetary Fund, which is likely to create rippling effects far from petrol stations while sending shockwaves to the crippling economy. Some experts identified that it is feared that the massive fuel hike will end up being passed on to not only everyday Pakistani citizens whose wallets are feeling the strain already – but will also shut down further industries, and hit employment and households. OPEC Basket Price Date with Year Value in $ 01/02/2023 81.88 01/01/2023 81.62 01/12/2022 79.68 01/11/2022 89.73 01/10/2022 93.62 01/09/2022 95.32 01/08/2022…
OPEC reference basket and selected crudes, US$/B OPEC Reference Basket (ORB) Dec 22 Jan 23 Change Year- to- Date Jan 23/Dec 22 % 2022 2023 ORB 79.68 81.62 1.94 2.4 85.24 81.62 Arab Light 82.44 83.80 1.36 1.6 86.15 83.80 Basrah Medium 76.07 77.82 1.75 2.3 83.80 77.82 Bonny Light 80.69 82.36 1.67 2.1 86.85 82.36 Djeno 72.93 75.41 2.48 3.4 79.16 75.41 Es Sider 77.53 81.01 3.48 4.5 86.16 81.01 Girassol 78.69 82.05 3.36 4.3 88.28 82.05 Iran Heavy 79.11 81.56 2.45 3.1 85.59 81.56 Kuwait Export 80.46 82.94 2.48 3.1 86.28 82.94 Merey 58.17 61.74 3.57 6.1 63.58…
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 24, 2023) Currency Symbol Buying Selling Australian Dollar AUD 182 184.4 Bahrain Dinar BHD 693.87 701.87 Canadian Dollar CAD 194 196.2 China Yuan CNY 38.28 38.68 Danish Krone DKK 37.09 37.49 Euro EUR 277.2 280 Hong Kong Dollar…
Canada stocks-Toronto market hit six week low Canada’s main stock index fell on Wednesday to its lowest closing level in six weeks, tracking declines on Wall Street and weighed by losses for resource shares as commodity prices fell. The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended down 59.31 points, or 0.3 percent, at 20,193.33, its fourth straight day of declines and its lowest closing level since Jan. 11. Wall Street also closed lower, with traders cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises. Sensex, Nifty rise in early trade Benchmark stock…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD ICEX [+] 02/23/2023 2,406.81 0.19% 0.19% 4.92% -7.17% 9.43% NIFTY [+] 02/23/2023 17,511.25 -0.25% -2.41% -3.35% 2.63% -3.28% MASI [+] 02/22/2023 10,625.35 0.57% -0.55% 4.04% -21.42% -0.89% NSX Namibia [+] 12/30/2023 1,631.10 -4.59% -4.59% -4.59% 0 0 AEX [+] 02/23/2023 755.72 -0.12% -1.22% 1.05% 3.82% 9.68% NZX 50 [+] 12/29/2023 11,473.24 -2.83% -2.83% -2.83% -0.99% 0 MBI10 [+] 02/23/2023 5,764.76 -0.48% -0.25% -0.73% -6.42% 1.99% OSEBX [+] 02/23/2023 1,235.65 1.30% 0.50% 3.08% 3.98% 3.92% MSM30 [+] 02/22/2023 4,634.34 0.03% -0.41% -2.85% 14.20% -4.59% KSE100 [+]…
CPI Countries Countries Date CPI Interannual Accum. since January Dominican Republic [+] January 2023 7.2% 0.6% Ecuador [+] January 2023 3.1% 0.1% Estonia [+] January 2023 18.6% 0.8% Egypt [+] January 2022 8.0% 1.0% Finland [+] January 2023 8.4% 0.6% Georgia [+] November 2022 10.4% 10.1% Ghana [+] January 2023 18.5% 1.7% Equatorial Guinea [+] November 2022 4.9% 4.6% Guatemala [+] January 2023 9.7% 0.4% Honduras [+] December 2022 9.8% 9.8% Hungary [+] January 2023 25.7% 2.3% Indonesia [+] January 2023 40.7% 0.3% Mexico [+] January 2023 7.9% 0.7% Nigeria [+] January 2023 21.8% 1.9% Nicaragua [+] January 2023 10.9%…
Japan says economy in modest recovery Japan kept its assessment of the economy unchanged in February as consumer spending remained on a recovery trend despite soft exports and factory output due to the global economic slowdown. The government also retained its caution over the impact of global monetary tightening, price hikes and supply constraint in its monthly report. It will continue to closely monitor financial market fluctuations and China’s COVID-19 situation, the report said. The new economic assessment comes after data last week showed Japan’s economy averted recession but rebounded much less than expected in the fourth quarter last year…
Why skills development is vital for shipping’s green transition Moving towards a low-emission global economy will create tens of millions of new ‘green jobs’ across sectors including shipping. The renewable energy industry alone is projected to generate 38.2 million jobs by 2030. The effects of the green transition on employment are also requiring workforces across multiple sectors to reskill and upskill. This, coupled with new technologies, such as artificial intelligence (AI) and digitalization, is leading to increased calls for investment in skills to ensure a thriving future workforce in 2030 and beyond. Newbuilding orders pick up The newbuilding market has…
Hot temperature to heat up prices, reduce wheat yield: CRISIL The hot temperature if persists in March may not only reduce the wheat crop yield but also heat up the commodity prices, said CRISIL. The rabi wheat crop yield will be impacted if the temperature is high in March. The crop yield will be on a par – or marginally lesser – than last year’s low, said CRISIL in a report. According to the report, in Uttar Pradesh, accounting for about 30 percent of India’s wheat production, the eastern part is expected to have relatively good yields on-year because of…
Limits of Social Responsibility “It is not enough for business to do well; it must also do good.” But in order to “do good,” a business must first “do well.” Whenever a business has disregarded the limitation of economic performance and has assumed social responsibilities that it could not support economically, it has soon gotten into trouble. Union carbide was not socially responsible when it put its into Vienna, West Virginia, to alleviate unemployment there. It was, in fact, irresponsible. The plant was marginal to begin with. The process was obsolescent. At best the plant could barely keep its head…
One of the chief and foremost aims of all countries is economic development. Approximately all the countries strive in the best possible way to attain this aim. Among all the contributors to economic growth, exports are one of the main elements that enhance economic growth. Dissimilar research is conducted to organize the relationship between economic growth and exports from different countries. No doubt, the sports goods manufacturing division of Pakistan has a rich history and a dynamic manufacturing base. At first, ascending as a cottage industry, the area now comprises developed manufacturing units in and around Sialkot City. Over time,…
According to the World Bank’s new report in a growth in advanced economies like US will likely be slow to 0.5 percent in 2023, 1.9 points below June’s forecast, while the euro area is estimated to flatline as it battles harsh energy supply disruptions and price hikes related to Russia invasion. The report further predicted, China growth will enlarge to 4.3 percent in 2023, merely 0.9 points lower than the earlier forecast. Through heavy debt burden and weak investment developing and emerging states are facing multi-year period of slow growth, the report said. Furthermore, it is also recorded in the…
Across the world, one in seven businesses is a franchise, which equates to approximately 2.0 million franchised companies, employing 19 million people. As per the US Department of Commerce, franchising every year shares a staggering $2.3 trillion in the worldwide economy. For a person, a franchise is a good choice who wants to own a business and has all the resources required for it but doesn’t know how to build it from scratch, international researchers identified. Through investing lesser money than needed for starting a business, purchasing a franchise gives the opportunity of becoming an entrepreneur. Franchise businesses are much…
Pakistan Super League 2021/2022 Teams M W L T N/R PT NRR 1. Multan Sultans 10 9 1 0 0 18 1.253 2. Lahore Qalandars 10 6 4 0 0 12 0.765 3. Peshawar Zalmi 10 6 4 0 0 12 -0.340 4. Islamabad United 10 4 6 0 0 8 -0.069 5. Quetta Gladiators 10 4 6 0 0 8 -0.708 6. Karachi Kings 10 1 9 0 0 2 -0.891 2020/2021-2022 1. Islamabad United 10 8 2 0 0 16 0.859 2. Multan Sultans 10 5 5 0 0 10 1.050 3. Peshawar Zalmi 10 5 5 0…
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 10, 2023) Currency Symbol Buying Selling Australian Dollar AUD 184.5 186.9 Bahrain Dinar BHD 734.58 742.58 Canadian Dollar CAD 206 208.2 China Yuan CNY 40.68 41.08 Danish Krone DKK 39.85 40.25 Euro EUR 288.1 291 Hong Kong Dollar…
European stocks fall European stock markets fell Friday, as U.K. economic weakness in December added to concerns about a global recession this year. At 03:20 ET, the DAX index in Germany traded 0.4 percent lower, the CAC 40 in France dropped 0.3 percent and the FTSE 100 in the U.K. fell 0.4 percent. Economic data released earlier Friday showed that the U.K. narrowly avoided falling into a technical recession in the final quarter of 2022, as the country’s economy showed zero growth during those last three months of the year, after falling 0.3 percent in the July-September period. That said,…
Stock Market Indexes Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MASI [+] 02/09/2023 10,719.22 2.45% 3.71% 9.31% -23.16% -0.01% NSX Namibia [+] 12/30/2023 1,631.10 -7.21% -7.21% -7.21% 0 0 AEX [+] 02/09/2023 757.05 1.16% -0.89% 2.83% -1.67% 9.88% NZX 50 [+] 12/29/2023 11,473.24 -5.79% -5.79% -5.79% -0.99% 0 MBI10 [+] 02/10/2023 5,796.76 0 -0.56% 0.45% -8.76% 2.56% OSEBX [+] 02/09/2023 1,236.66 -0.25% 2.09% 3.56% 2.74% 4.01% MSM30 [+] 02/08/2023 4,766.36 0.25% 0.54% -1.38% 15.82% -1.88% KSE100 [+] 02/09/2023 42,466.59 1.78% 4.93% 4.84% -8.36% 5.06% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+]…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…
Indonesia’s fastest expansion in 9-year faces new risks Just as the pace of Indonesia’s economic growth returned to pre-pandemic levels, a slowing global economy has emerged as the biggest threat to sustaining that performance. Data on Monday showed gross domestic product growth accelerated 5.31 percent last year, bringing Southeast Asia’s largest economy back to its pre-pandemic trajectory of about 5 percent annual growth. That was also the fastest pace since 2013 and was in line with the 5.3 percent median estimate in a Bloomberg survey. The “impressive” pace of growth in 2022 was largely supported by domestic consumption, as Indonesia…
Some Current News from the Shipping Market All Around the World: A look into the Greek maritime fleet To Mark the start of Capital Link Annual Greek Shipping Forum this week, we take a look at the Greek Maritime fleet using VesselsValue data. The infographic highlights the Greek fleet breakdown by vessel type, top owning nations, S&P transactions, top Greek owners, CII distribution, and the most valuable Greek vessels. Bulkers are the most popular vessels within the Greek fleet, with a total of 2,272 vessels, followed by Tankers with 1,450 vessels and Containers with 430 ships. Tankers are the most…
Indore: increase import duty on edible oil to curb the falling prices There is need to increase the import duty on edible oils to curb the falling prices of the commodity in the domestic market. It is also necessary to avail better prices to oilseed cultivators. The Soyabean Processors Association (SOPA) made the demand of this regard is made to Union commerce and industry minister Piyush Goyal. SOPA has sent a memorandum to the minister. DN Pathak, executive director of SOPA informed on Tuesday that we have brought the facts in the attention of the minister that prices of edible…
Business Not Financial Strategy “There ain’t no bargains,” and “You get at most what you pay for,” Successful acquisitions are based upon business plans, not financial analyses. Acquisition targets must fit the business strategies of the acquiring company; other wise, the acquisition is likely to fail. The worst acquisition record of the last decades of the twentieth century was that of Peter Grace, the longtime CEP of W. R. Grace. He was a brilliant man. He set out in the 1950s to build a world-class multinational through financially-based acquisitions. He assembled the ablest group of financial analysts and had them…
According to the latest World Bank study, the world is improbable to meet the goal of ending extreme poverty by 2030 absent history-defying rates of economic growth over the remainder of this decade. The study also finds that since 1990, Covid-19 dealt the biggest setback to global poverty-reduction attempts and the war in Ukraine threatens to make matters worse. As the world’s poor faced two extraordinarily tough years, the Bank estimates that these combined crises will lead to an additional 75 million to 95 million people living in extreme poverty in 2022, compared to pre-pandemic projections. If the more pessimistic…
International research identified that small medium enterprises (SMEs) are essential agents of inclusive growth. These businesses collectively employ greater people than enterprises of any other size. Mainly in the developing world, small businesses sustain the livelihoods of hundreds of millions of people, offering much-needed career opportunities for low-skilled workers and rural communities. As such, small businesses require and deserve external support, but its effective and efficient delivery is no easy feat. SMEDA Over The Counter (OTC) Services Sr. No. Initiatives July-March FY2022 1. SME Facilitation 4,314 2. Pre-feasibility Studies Development (New & Updated) 68 3. Investment Facilitation (RS million) 579.5…
Microfinance Industry In Pakistan (Rs billions) Indicators FY21 FY22* Annual Growth Number of Branches 3,782 3,823 1.1% No. of Borrowers 8,031,941 8,122,085 1.1% Gross loan portfolio 355.7 392.6 10.4% Average Loan Balance (in Rs) 44,286 48,335 9.1% *up to December 2021 Source: PMN MicroWatch , various issues Pakistan: National Poverty Line And Headcount Year Poverty Line National Urban Rural 2005-06 1277.74 50.4 36.6 57.4 2007-08 1543.51 44.1 32.7 49.7 2010-11 2333.35 36.8 26.2 42.1 2011-12 2600.15 36.3 22.8 43.1 2013-14 3030.32 29.5 18.2 35.6 2015-16 3250.28 24.3 12.5 30.7 2018-19 3757.85 21.9 11.0 28.2 Source: Ministry of Planning, Development &…
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 20 2023) Currency Symbol Buying Selling Australian Dollar AUD 174 175.25 Bahrain Dinar BHD 613 617.5 Canadian Dollar CAD 186 187.35 China Yuan CNY 34.02 34.27 Danish Krone DKK 33.42 33.77 Euro EUR 270 272.5 Hong Kong Dollar…
France stocks lower at close of trade France stock were lower after the close on Thursday, as losses in the Consumer Services, Healthcare and Foods & Drugs sectors led shares lower. At the close in Paris, the CAC 40 declined 1.86 percent, while the SBF 120 index fell 1.81 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 410 to 145 and 69 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00 percent to 18.96 a new 52-week high. Gold Futures for February delivery was up 0.77 percent…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] December 2022 6.5% 6.5% United Kingdom [+] December 2022 10.5% 10.5% Germany [+] December 2022 8.6% 8.6% France [+] December 2022 5.9% 5.9% Japan [+] December 2022 4.0% 4.0% Spain [+] December 2022 5.7% 5.7% Italy [+] December 2022 11.6% 11.6% Portugal [+] December 2022 9.6% 9.6% Greece [+] December 2022 7.2% 7.2% Ireland [+] December 2022 8.2% 8.2% Equatorial Guinea [+] November 2022 4.9% 4.6% Guatemala [+] December 2022 9.2% 9.2% Latvia [+] December 2022 20.9% 20.9% Morocco [+] December 2022 8.3% 8.3% Moldova [+] December 2022…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…
The IMF and Sri Lanka are partners in delusion The International Monetary Fund (IMF) is in command of Sri Lanka’s economy, barking orders and making demands in an effort to restore macroeconomic stability. The pattern is a familiar one. Back in April 2022, Sri Lanka’s currency collapsed, having depreciated by 44 percent against the U.S. dollar since President Gotabaya Rajapaksa took office in 2019, and, according to our measure, inflation reached a stunning 74.5 percent per year. Sri Lanka even suspended payments on its external debt. Then the IMF fire brigade arrived. On September 1, 2022, the IMF reached a…
LNG delivering decarbonisation SEA-LNG is pleased to share its overview of LNG as a marine fuel in 2022-2023 with you. This resource highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2022 and outlines what progress is anticipated in 2023. The document is illustrated with infographics and contains key statistics on the sector that we encourage you to use. 2022 was another very strong year for LNG vessel orders, with numbers almost equalling those in 2021, the record year to date, despite exceptionally high LNG prices. The growing, multisector orderbook and continuing build-out of infrastructure…
Smart thinking will boost local rice production – agribusiness practitioner Ghanaian radio personality and agribusiness practitioner, Kojo Akoto Boateng, has stressed the need for policymakers to think smartly in boosting rice production in Ghana. According to him, the cultivation of local rice will become more successful if industry players use smart approaches in their work. Speaking on Joy FM’s Super Morning Show on Wednesday, he explained that the country’s failure to maximize its rice production is due to the absence of smartly conceived policies. He however noted that if policies in relation to rice are smartly formulated, Ghana’s rice production…
EVA as a Productivity Measure Until a business returns a profit that is greater than its cost of capital, it does not create wealth, it destroys it. Measuring total-factor productivity is one of the major challenges confronting the executive in the age of knowledge work. For manual work, measuring quantity is usually sufficient. In knowledge work, we have to manage both quantity and quality, and we do not know yet how to do that. We must try to assess total-factor productivity using the common denominator of revenues and expenses. By measuring the value added over all costs, including the cost…
International sources recorded that strategies of host countries have a significant influence on foreign investment decisions. Host countries can adopt strategies of stimulating foreign investment or they can restrict foreign participation in their economies in various ways. It is also recorded that host country strategies and policy pronouncements affect the perception of “political risk” by transnational corporations (TNCs) and thereby the amount of investment of these companies. In addition, host country strategies can be instrumental in channeling investment flows toward sectors considered to be of particular importance to the country’s development. Given its fragile balance of payments (BoP) position and…
Income distribution in poverty alleviation also matters. A highly unequal income distribution makes it harder to decline poverty. Reducing the income inequality will raise the numbers who benefit from the same rate of economic growth. Conversely, higher inequality will require even greater growth to yield the same reduction in poverty, according to the Government of Pakistan statistics. Over the years, in Pakistan, the pattern of income distribution measured in terms of the Gini Coefficient and household income share of the lowest and the highest 20 percent for rural and urban regions has been mixed and moderate. In the report, it…
Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Rs. in Million) Sector/Industry 2016-17 2017-18 2018-19F 2019-20R 2020-21P Commodity Producing Sectors (A+B) 4,682,467 4,884,508 4,858,172 4,841,943 4,995,212 Agricultural Sector ( 1 to 4 ) 2,253,565 2,343,614 2,356,827 2,434,850 2,502,181 1. Crops ( i+ii+iii) 832,744 871,796 828,596 874,504 896,102 i) Important Crops 534,659 553,693 511,129 537,929 562,964 ii) Other Crops 244,703 260,026 266,791 288,344 292,420 iii) Cotton Ginning 53,382 58,077 50,676 48,231 40,718 2. Livestock 1,326,948 1,375,986 1,428,608 1,458,624 1,503,254 3. Forestry 45,505 46,679 50,076 51,880 52,617 4. Fishing 48,368 49,153 49,547 49,842 50,208 Industrial Sector ( 1 to…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Jan 06, 2023) Currency Symbol Buying Selling Australian Dollar AUD 162 163.25 Bahrain Dinar BHD 604 608.5 Canadian Dollar CAD 172 173.35 China Yuan CNY 32.41 32.66 Danish Krone DKK 32.17 32.52 Euro EUR 264.5 267 Hong Kong Dollar HKD…
European stocks climb at open European stock markets rose at the open Friday, as traders looked ahead to key US jobs data later in the session. London’s benchmark FTSE 100 index gained 0.3 percent to 7,655.65 points, building on a positive start to the year for stock markets generally. In the eurozone, Frankfurt’s DAX index climbed 0.2 percent to 14,468.60 points and the Paris CAC 40 won 0.3 percent to 6,781.14. Japan’s Nikkei ends higher Japan’s Nikkei share average reversed early losses to end higher on Friday, as investors bought back beaten-down stocks with the yen weakening against the dollar.…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 12/29/2023 262.77 -86.89% -86.89% -86.89% 0 0 CSE [+] 12/30/2023 89.55 -1.22% -1.22% -1.22% 0 0 PX [+] 01/05/2023 1,242.31 1.00% 3.38% 3.29% -12.95% 3.38% OMXC20 [+] 01/05/2023 1,860.81 -0.51% 1.39% 2.28% 2.57% 1.39% EGX30 [+] 01/05/2023 16,002.18 2.86% 9.62% 11.69% 32.87% 9.62% OMX Tallinn [+] 12/30/2023 1,766.73 -1.28% -1.28% -1.28% 0.41% 0.41% OMX25 [+] 01/05/2023 4,968.26 0.58% 2.96% -0.75% -12.76% 2.96% GSE Ghana [+] 01/05/2023 2,443.91 0 0 -0.79% -10.88% 0 HANG SENG [+] 12/30/2023 19,781.41 -6.00% -6.00% -6.00% 0 0 BUX…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…
Why China’s economy faces a perilous road to recovery Three weeks after Xi Jinping, China’s top leader, tried to reinvigorate China’s stalled economy by abruptly abandoning his stringent pandemic restrictions, he struck an upbeat note in his annual New Year’s Eve address. “China’s economy has strong resilience, great potential and vitality,” he said. But that optimism is hard to find in downtown Guangzhou, the commercial hub of southern China. Nearly three years of “zero Covid” measures have crushed businesses. Streets are lined with shuttered stores and workshops. Walls are plastered not with “help wanted” signs, but with notices from entrepreneurs…
Shipping: navigating towards a greener future Nine out of ten goods traded globally are transported by ship. Without shipping, we would not live in a globalised world. The problem with ships, though, is that they mainly run on fossil fuels and are a massive contributor to global CO2 emissions. The challenge is now on to plot a greener and, ultimately, carbon-free course. Once upon a time, a ship would spend more time in the port being loaded and unloaded than it did at sea. But thanks to the ingenious invention of the standard container in 1954, today’s vessels hold larger…
New Govt policy to facilitate cultivation of 2.7mln hectares of rice According to the recently launched National Rice Development Strategy II (NRDS II) Nigeria is aiming at increasing the rice area under irrigation from less than 1 million hectares to 2.7 million hectares, particularly areas under supplementary water supply to attain 2 cropping per year. The document noted that cultivable land in the country is estimated at 4.234 million hectares, made up of rain-fed uplands at 30 percent, rain-fed lowland at 52 percent, irrigated lowlands at 17 percent and mangrove at 1 percent. The new Strategy also targets to build…
Fundamental of Communications To improve communications, work not on the utterer but recipient. It is the recipient who communicates. Unless there is someone who hears, there is no communication. There is only noise. One can perceive only what one is capable of perceiving. One can communicate only in the recipients’ language or in their terms. And the terms have to be experience-based we perceive, as a rule, what we expect to perceive. We see largely what we expect to see, and we hear largely what we expect to hear largely what we expect to hear. The unexpected is usually not…
International researchers have identified the review of natural gas demand during 2022 that is expected to fall and remain subdued up to 2025. Europe’s surging pursuit of LNG to phase out Russian pipeline supply and limited global LNG export capacity additions raise the risk of prolonged tight markets. Faster development and implementation of clean energy transition strategies, mainly in mature gas markets, would ease price competition and assist emerging markets access supplies that can contribute to short-term improvements in carbon intensity and air quality. Today’s record-high gas prices researchers also identified that, are depressing demand and causing some gas users…
Sources identified that the textiles and clothing sector has grown to be the single largest manufacturing sector in Pakistan. The Sector employs statistics showed, over 38 percent of the manufacturing labor force. Greater than US$5 billion of textile and garment machinery into Pakistan; has been imported in the last few years. The Textiles Sector is present, based almost completely on the private sector. Sources identified that the textile and clothing sector is the backbone of Pakistan’s economy and Pakistan’s role as one of the world’s leading cotton producers has offered the basis for the textile and clothing sector’s development. Export…
The year-end review 2022 for major production sectors with major market indicators, Area & Production Of Other Kharif And Rabi Crops In Pakistan Crops 2021-22(P) Area (000 Hectares) Production (000 Tonnes) % Change in production over Last year Bajra 227 226 -15.0 Jowar 77 64 -33.3 Gram 867 319 36.3 Barley 39 42 – Rapeseed & Mustard 277 375 26.7 Tobacco 55 168 – Area and Production of Other Crops Masoor 5.8 4.1 – Moong 301.8 263.8 29.0 Mash 8.0 6.1 -11.6 Potato 313.8 7,937.1 35.1 Onion 141.0 2,108.8 -8.5 Chillies 58.1 144.0 36.6 Production Of Selected Industrial Items Of…
Market indicators are a series of technical indicators used by traders to predict the direction of 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. Here are the major market indicators from December 2022. FINANCIAL MARKET IN PAKISTAN Currency Rate As Per Open Market ( December 23, 2022) Currency Symbol Buying Selling Australian Dollar AUD 152 153.25 Bahrain Dinar BHD 602.16 606.66 Canadian Dollar CAD 166.09 167.44 China Yuan CNY 32.4 32.65 Danish Krone DKK 32.24 32.59…
Some major changes in world stock markets in December 2022 with great influence on the world economy. France stocks lower at the close of trade France stocks were lower after the close on Thursday, as losses in the Gas & Water, General Financial and Foods & Drugs sectors led shares lower. At the close in Paris, the CAC 40 declined 0.95 percent, while the SBF 120 index lost 0.92 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 320 to 226 and 84 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40…
Stock Market Indexes Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD ICEX [+] 12/23/2022 2,217.14 0 3.88% -3.87% -15.04% -16.11% NIFTY [+] 12/22/2022 18,127.35 -0.39% -0.78% -0.64% 6.91% 4.46% JCI Jakarta [+] 12/23/2022 6,800.67 -0.35% -0.17% -3.59% 3.74% 3.33% TA-35 [+] 12/22/2022 1,785.96 -1.16% -1.90% -5.57% -7.08% -9.71% ASE Amman [+] 12/22/2022 2,475.49 0.04% -0.88% 1.31% 19.04% 16.84% KASE [+] 12/22/2022 3,257.69 1.43% 1.71% 7.25% -10.25% -11.36% KSW Kuwait [+] 12/22/2022 8,009.60 0.13% -0.96% -5.59% 4.94% 4.85% OMX Riga [+] 12/23/2022 1,147.59 -1.24% -0.94% 3.40% -8.40% -9.78% OMX Vilnius [+] 12/23/2022 948.84 0.24% -0.91% 1.20% -1.11% -1.64%…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…
Sri Lanka’s economy shrinks 11.8pc Sri Lanka’s economy shrank 11.8 percent in the July-September quarter from a year ago, the second worst for the country, government data showed on Thursday, as it struggled with deep unrest sparked by its most severe financial crisis in decades. An acute dollar shortage, caused by economic mismanagement and the impact of the COVID-19 pandemic, left Sri Lanka short of dollars for essential imports including food, fuel, fertiliser and medicine. The state-run Census and Statistics Department said that agriculture shrank 8.7 percent in the third quarter and industries 21.2 percent, while services dropped 2.6 percent,…
Ship recycling market still under pressure The Ship recycling has remained under pressure, despite a few positive signs here and there. In its latest weekly report, shipbroker said that “there feels like some renewed vigour in the market this week on the back of some slight gains from the Indian steel plate markets. Price levels for tonnage giving delivery to India have increased by a small margin, but any gain is welcomed following the recent gloomy months. We are starting to see more tonnage flow into the marketplace, most notably, the smaller container feeder type units, although one larger container…
Rice 2022: a good year for (some) farmers? Just 9 months ago, rice was marketed as the cereal that would save the planet. As war broke out in the Black Sea, fertilizer prices spurt out of control, and wheat harvests failed across the globe, world rice production remained unaffected, restraining fears of global food insecurity and hunger. Pakistani policymakers breathe a sigh of relief, as a substantial surplus in rice production could help mitigate two of their worst fears: a grain/cereal shortage in the local market; and, a widening trade deficit. Unfortunately, that hope could prove short-lived. First, came the…
Simulated Decentralization The main rule is to look simulated decentralization as a last resort only. Whenever a unit can be set up as a business, no design principle can match federal decentralization. We have learned, however, that a great many large companies cannot be divided into genuine businesses. Yet they have clearly outgrown the limits of size and complexity of the functional or of the team structure. These are the companies that are increasingly turning to “simulated decentralization” as the answer to their organization problem. Simulated decentralization forms structural units that are not businesses but which are still up as…
Viewing promotion and advancement of China, Pakistan Economic Corridor (CPEC), the Government of Pakistan must take exemplary efforts under the development in Pakistan through China’s top quality Road and Belt initiatives, said some leading experts while talking to the Pakistan and Gulf Economist. They said that Pakistan can also utilize and implement the idea in its own requirement; Pakistan needs modernization in order to carry on with the emerging world or else be obsolete. There is a need to connect industry and institute in order to resolve the problems, as our country needs to institutionalize the issues to CPEC. CPEC:…
International studies identified that the growing pace of urbanization will place added stress on already straining city systems and infrastructure, requiring urban areas to be far more efficient. But denser urban areas could also offer opportunities for forms of transport, like rail, that rely on density to function efficiently. In 2050, passenger and freight rail will form the backbone of the transport system, linking major urban hubs and feeding into multi-model local transport networks. In developing countries like Pakistan, the Government of Pakistan is taking steps to enhance the performance of Pakistan Railways to offer maximum facilities to passengers. Pakistan…
PIAC Performance Indicators Units 2017 2018 2019 2020 2021 PIAC Fleet No. of Planes 36 32 32 30 30 Route Km 360,937 332,303 389,725 778,609 374,054 Available Seat Million Km 19,108 18,081 18,372 8,902 7,682 Passenger Load Factor Percent 73.20 77.3 81.3 74.5 66.9 Revenue Flown 000 Km 75,207 70,089 70,515 38,114 34,544 Revenue Hours Flown Hours 122,081 110,050 110,640 58,519 55,710 Revenue Passengers Carried 000 nos. 5,342 5,203 5,290 2,541 2,657 Revenue Passengers Million Km 13,988 13,975 14,938 6,629 5,138 Revenue Load Factor Percent 55.2 58.4 58.6 51.3 53.7 Operating Revenue * Rs million – 100,051 146,097 94,683 86,185…
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 (December 09, 2022) Currency Symbol Buying Selling Australian Dollar AUD 150.95 152.2 Bahrain Dinar BHD 597.33 601.83 Canadian Dollar CAD 164.69 166.04 China Yuan CNY 32.11 32.36 Danish Krone DKK 31.71 32.06 Euro EUR 251.5 254 Hong Kong Dollar HKD…
Japan stocks higher at close of trade Japan stocks were higher after the close on Friday, as gains in the Transport, Shipbuilding and Railway & Bus sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.18 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2566 to 976 and 268 ended unchanged. Shares in Furukawa Electric Co., Ltd. rose to 52-week highs; gaining 5.23 percent or 130.00 to 2,616.00. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 16.81 percent to 18.66. Crude oil for January delivery was…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD KASE [+] 12/08/2022 3,156.31 0.14% 1.54% 2.46% -13.56% -14.12% KSW Kuwait [+] 12/08/2022 8,320.41 0.43% -1.74% -1.21% 8.99% 8.92% OMX Riga [+] 12/09/2022 1,136.14 0.50% 2.51% 3.10% -10.58% -10.68% OMX Vilnius [+] 12/09/2022 956.29 0.38% 0.65% 5.50% -1.00% -0.87% LuxX [+] 12/08/2022 1,493.91 0.52% 1.44% 4.73% -7.42% -10.13% FBMKLCI [+] 12/08/2022 1,465.93 -0.06% -1.07% 1.71% -1.88% -6.48% MSE Malta [+] 12/07/2022 3,538.41 -0.27% -0.83% -2.02% -5.90% -10.30% SEMDEX [+] 12/07/2022 2,046.59 0.11% 0.30% 0.20% 0.36% -2.45% IPC MEXBOL [+] 12/08/2022 51,078.70 0.70% -0.30% 0.37% 0.04%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] October 2022 7.8% 6.9% United Kingdom [+] October 2022 11.1% 9.6% Germany [+] October 2022 10.4% 10.0% France [+] November 2022 6.2% 6.0% Japan [+] October 2022 3.8% 3.6% Belarus [+] January 2022 10.4% 1.5% Belize [+] October 2022 6.7% 6.3% Canada [+] October 2022 6.9% 6.8% Switzerland [+] November 2022 3.0% 3.1% Ecuador [+] November 2022 3.6% 3.6% Estonia [+] November 2022 21.3% 17.7% Egypt [+] January 2022 8.0% 1.0% Finland [+] October 2022 8.3% 7.9% Georgia [+] November 2022 10.4% 10.1% Ghana [+] October 2022 8.3%…
Japan upgrades q3 GDP Japan’s economy, the world’s third-largest, shrank less than initially estimated in the third quarter, bolstering a view that it is slowly recovering from COVID-19 doldrums even as large export markets show further signs of weakening. Separate data showed the economy had recorded its first current account deficit in eight years in October, reflecting high import costs imposed on households and businesses by a decline in the yen’s value to multi-decade lows this year. The revised 0.8 percent annualised quarterly contraction in the gross domestic product (GDP) released by the Cabinet Office on Thursday compared with economists’…
Fitch ratings: global shipping outlook worsens on lower container freight rates Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Container Shipping. We forecast that Tankers and Dry Bulk will remain stable, with the former the most likely to perform well. The easing of supply chain pressures has led to the near normalisation of container freight rates, which suggests that profits in 2023 will be much weaker than they were over the last three years, when they were supersized. The main risks include the potential for a harsher recession than expected and the…
Australia forecasts record wheat crop despite floods Australia is expected to produce a bumper year of crops including record wheat production in the current financial year, the government said on Tuesday, despite the impact of widespread flooding in the country’s eastern region. Total winter crop production across the country is forecast to total 62 million tonnes, the second highest on record, according to a report from the federal Australian Bureau of Agricultural and Resource Economics (ABARES). “While the spring rain has impacted production, yields and quality in some parts of the country, some states are experiencing their best winter crops…
Federal Decentralization: Strengths The greatest strength of the federal principle is that it alone of all known principles of organization prepares and tests people for top-management responsibility at an early stage. In “federal decentralization” a company is organized into a number of autonomous businesses. Each unit has responsibility for its own performance, its own results, and its own contribution to the total company. Each unit has its own management which, in effect, runs its own “autonomous business.” In a federally organized structure, each manager is close enough to business performance and business results to focus on them. The federal principal…
International Experts identified that macroeconomic stability and the growth-oriented vision of the UAE’s leadership are improving the country’s appeal as an investment destination amid worldwide economic unrest. In UAE, the Jobs Market will continue to strengthen in 2023, driven by strong market confidence and foreign direct investment (FDI) as firms enlarge their international presence in the Emirates. After an unpredictable 2022, strong market confidence has led to consistent recruitment activity and industry growth. Based on market confidence and therefore more aggressive growth and diversification plans, organizations shifted up a gear, and their appetite to invest in attracting top talent increased…
International studies revealed that a dramatic accumulation in forex reserves has been widely observed in developing countries. In Pakistan, foreign exchange reserves held through the State Bank of Pakistan (SBP) grew $ 3 million on a weekly basis, clocking in $7.96 billion as of November 11, 2022. Total liquid foreign reserves held by the country reached at $13.8 billion. Net foreign reserves held by commercial banks clocked in at $5.84 billion. Experts identified in their studies that foreign exchange reserves are important assets of a country because they are considerably affected through exchange rate policy, monetary policy, regulations, external instability…
According to the economic analysis FY2022 released by the Government of Pakistan, health and wellbeing are central to Sustainable Development Goals (SDGs). SDGs Index claims to track a Pakistan’s performance on the 17 SDGs. Overall, Pakistan’s SDGs Index score grew from 53.11 in 2015 to 63.5 in 2020. Experts identified that Pakistan no doubt, has a lot of potential and competent workforce in the health sector, however, there is a need to offer training to them on digital technologies to meet the modern-day challenges. The present floods have caused severe damage to the health sector of Pakistan. Around 33 million…
Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Million Rupees) Sector/Industry 2017-18 2018-19F 2019-20R 2020-21P Commodity Producing Sectors(A+B) 4,884,508 4,858,172 4,841,943 4,995,212 A.Agricultural Sector ( 1 to 4 ) 2,343,614 2,356,827 2,434,850 2,502,181 1. Crops ( i+ii+iii) 871,796 828,596 874,504 896,102 i) Important Crops 553,693 511,129 537,929 562,964 ii) Other Crops 260,026 266,791 288,344 292,420 iii) Cotton Ginning 58,077 50,676 48,231 40,718 2. Livestock 1,375,986 1,428,608 1,458,624 1,503,254 3. Forestry 46,679 50,076 51,880 52,617 4. Fishing 49,153 49,547 49,842 50,208 B. Industrial Sector ( 1 to 4 ) 2,540,894 2,501,345 2,407,093 2,493,031 1. Mining and Quarrying 356,949…
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 (Nov 25, 2022) Currency Symbol Buying Selling Australian Dollar AUD 150.22 151.47 Bahrain Dinar BHD 595.81 600.31 Canadian Dollar CAD 166.97 168.32 China Yuan CNY 31.27 31.52 Danish Krone DKK 31.21 31.56 Euro EUR 247 249.5 Hong Kong Dollar HKD…
European stocks steady at open European stock markets steadied at the start of trading Friday following a mixed showing in Asia. London’s benchmark FTSE 100 index edged up 0.1 percent to 7,470.36 points. In the eurozone, Frankfurt’s DAX index was flat at 14,543.68 points and the Paris CAC 40 was stable at 6,708.18. Sensex, Nifty end flat after listless trade Domestic benchmark indices remained listless on Friday as record high levels in indices triggered minor profit booking. The S&P BSE Sensex, which hit a new lifetime high of 62,448 earlier today, ended at 62,294, up 21 points or 0.03 percent.…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD OMXC20 [+] 11/24/2022 1,746.76 0.71% 2.57% 8.52% -3.53% -6.29% EGX30 [+] 11/24/2022 12,779.44 1.42% 2.11% 23.82% 12.57% 6.95% OMX Tallinn [+] 11/24/2022 1,732.67 -0.50% -0.88% 3.91% -16.38% -13.36% OMX25 [+] 11/24/2022 4,916.35 0.40% 1.08% 7.35% -9.42% -11.77% GSE Ghana [+] 11/21/2022 2,463.57 0.03% 0.03% 4.13% -15.62% -11.68% HANG SENG [+] 11/24/2022 17,660.90 0.78% -1.84% 16.34% -28.46% -24.52% BUX [+] 11/23/2022 44,930.52 0.98% 0.98% 11.13% -12.63% -11.42% ICEX [+] 11/24/2022 2,310.17 0.16% 1.72% 9.04% -10.98% -12.59% NIFTY [+] 11/24/2022 18,484.10 1.19% 0.96% 4.25% 6.14% 6.51% JCI…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] October 2022 7.8% 6.9% United Kingdom [+] September 2022 10.1% 7.6% Germany [+] October 2022 10.4% 10.0% France [+] October 2022 6.2% 5.6% Japan [+] September 2022 3.0% 3.0% Spain [+] October 2022 7.3% 5.7% Italy [+] October 2022 11.9% 10.9% Australia [+] September 2022 7.3% 5.9% Belgium [+] October 2022 12.3% 10.8% Brazil [+] October 2022 6.5% 4.8% Canada [+] September 2022 6.9% 6.0% Switzerland [+] October 2022 3.0% 3.1% Chile [+] October 2022 12.8% 11.4% China [+] October 2022 2.1% 2.0% Egypt [+] January 2022 8.0%…
Bangladesh’s economy still safe enough Prime Minister Sheikh Hasina said the country’s economy still remains vibrant and safe enough despite the entire world is going through an economic recession due to the Covid-19 pandemic, Russia-Ukraine war, and sanctions. “I can say that our economy is still vibrant and safe enough although the entire world is witnessing economic meltdown due to the Covid-19, Russia-Ukraine war, and sanctions,” she said. The prime minister said her government is very much alert and active to overcome the global recession. She said this while addressing a ceremony at the parade ground of the Bangladesh Air…