Realities of a multi-fuel future Decarbonising the shipping industry is a complex challenge, yet a wholesale switch to green fuels would go a long way towards meeting net zero ambitions. However, that switch is being hampered by a lack of demand-side signals for greener shipping from policy makers, suppliers of goods, and consumers, making it difficult for the industry to move forward with confidence. Additionally, apprehensions about the use of greener fuels – including the potential for health, safety, and environmental concerns, higher costs, lower energy density, and limited availability at ports of call – are compounding demand-side challenges, according…
Author: S. Kamal Hayder Kazmi
Global rice production falls, affecting food security According to the Food and Agriculture Organisation of the United Nations (FAO), world rice production for the 2022-2023 season is forecast at 516 million tonnes, 1.6 percent below the previous year’s output. This is the lowest global production since the 2019-2020 season. FAO has forecast world cereal stocks at the end of the 2023 seasons to decline by 1.2 percent from their initial levels to 844 million tonnes, due to a projected reduction in global stocks of coarse grains and rice, offsetting an increase in wheat stocks. While production is forecast to increase…
The Entrepreneurial Mindset Sergey Brin is a computer scientist and entrepreneur. He met Larry Page at Stanford University, and the two created a search engine that would sort web pages based on popularity. Google became the most popular search engine in the world after launching in 1998, its overwhelming success turning the co-founders into billionaires. Brin and Page later became president and CEO of Google’s parent company, Alphabet, before they stepped down from their roles in December 2019. Sergey Mikhaylovich Brin was born on August 21, 1973, in Moscow, Russia. The son of a Soviet mathematician economist, Brin and his…
For the development and growth of Islamic finance, the government of Pakistan is one of the frontline countries playing an active and effective role. In the country the State Bank of Pakistan (SBP) established a dedicated Islamic banking department and Shariah board to approve and monitor the principles for Islamic banks. International studies recorded that the significance of banking system in the economic growth of a country can be done by productive investment in country. It is said that Islamic banking assists in overcoming short falling and gives an optimistic boost to economy to upward and increase a society to…
The World Food Program (WFP) estimates that 349 million people across 79 states were acutely food insecure in 2022 and greater than 140 million required assistance, and that number is not expected to change much in 2023. Asia and Africa are home to the highest number of undernourished people. Under the holy month of Ramazan millions of Muslims in the world are feeling the pinch of inflation. During Ramazan, will higher food and drink costs force households to cut back on traditional commodities counting dates, cakes, biscuits and sugary juices, or to substitute them with cheaper alternatives? How is the…
Mode Wise Financing (Share in %) Mode Sep-21 Jun-22 Sep-22 Murabaha 15.9 15.6 15.7 Ijarah 4.8 4.7 4.6 Musharaka 22.0 22.9 22.9 Diminishing Musharakah 35.1 33.9 35.2 Salam 1.7 2.1 1.4 Istisna 6.9 8.0 8.4 Others 13.6 12.8 11.8 Total 100 100 100 Islamic Finance: Profitability Ratios (%) Particulars Sep-21 Jun-22 Sep-22 Overall Banking Industry Profit before tax (PKR billion) 66.4 73.4 124.5 487.0 ROA before tax 1.9 2.4 2.6 2.0 ROE before tax 31.3 42.6 46.4 33.0 Operating Expense to Gross Income 50.7 46.4 44.0 49.7 Islamic Finance : Liquidity Ratios (%) Ratios Sep-21 Jun-22 Sep-22 Overall Banking Industry…
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 (April 14, 2023) Currency Symbol Buying Selling Australian Dollar AUD 190 192 Bahrain Dinar BHD 761.94 769.94 Canadian Dollar CAD 213 215 China Yuan CNY 41.57 41.97 Danish Krone DKK 41.67 42.07 Euro EUR 312 315 Hong Kong Dollar HKD…
Paris CAC 40 stocks index hits record above 7,500 The Paris CAC 40 stocks index of leading French companies hit a record high above 7,500 points at the start of trading Friday, extending its recent rally to all-time highs. After briefly breaching the landmark, the CAC eased back to 7,495.29 points, still a gain of 0.2 percent compared with Thursday’s close. Frankfurt and London also rose at the open. Paris has won strength in recent sessions on easing inflation and recession concerns — and thanks to some strong earnings, including Thursday from luxury group LVMH. London’s benchmark FTSE 100 index…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD TA-35 [+] 04/13/2023 1,740.01 -0.02% 0.02% 0.17% -14.13% -3.17% ASE Amman [+] 04/13/2023 2,469.81 -0.35% -0.66% -7.05% 4.72% -1.27% KASE [+] 12/30/2023 3,251.64 -6.06% -6.06% -6.06% 0 0 KSW Kuwait [+] 04/12/2023 7,763.54 1.54% 1.60% -3.91% -15.01% -4.34% OMX Riga [+] 12/30/2023 1,152.80 -0.67% -0.67% -0.67% -0.10% -0.10% MONEX20 [+] 04/13/2023 14,887.72 -0.82% 1.40% 1.12% 50.57% 5.28% MASI [+] 04/13/2023 10,462.33 -0.30% 0.01% -0.99% -19.35% -2.41% NSX Namibia [+] 12/30/2023 1,631.10 0.10% 0.10% 0.10% 0 0 AEX [+] 04/13/2023 760.57 0.14% 0.10% 4.58% 5.92% 10.39%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] March 2023 5.0% 1.7% United Kingdom [+] February 2023 10.4% 0.6% Germany [+] February 2023 2.4% -4.5% France [+] March 2023 5.6% 2.2% Japan [+] February 2023 3.3% -0.1% Spain [+] March 2023 3.3% 1.1% Italy [+] March 2023 7.7% -0.1% Portugal [+] March 2023 7.4% 1.1% Greece [+] March 2023 4.6% 1.1% Ireland [+] March 2023 7.7% 1.9% Armenia [+] February 2023 8.1% 1.5% Angola [+] March 2023 10.8% 2.6% Brazil [+] March 2023 4.4% 1.9% Belarus [+] January 2022 10.4% 1.5% Belize [+] February 2023 6.5%…
China’s exports surge as economy rebounds from ‘zero covid’ China’s exports surged in March as the world’s second-largest economy continued to rebound from Beijing’s harsh “zero-COVID” pandemic policies. Total exports soared 14.8 percent year on year, customs data showed on Thursday, the first rise in six months and a sharp rise from March last year, when lockdowns crippled the economy. Imports fell a smaller-than-expected 1.4 percent. he trade figures soundly beat the expectations of economists, many of whom had predicted further declines in exports. Analysts polled by the Reuters news agency had expected exports to fall 7 percent, after falling…
Green shipping: a $1.9tn investment opportunity? Shipping is the most carbon efficient means of transportation (on a CO2 per ton-km basis – see figure 1 below). However, global shipping still accounts for 1 billion tons of CO2 per year, which is ca.3 percent of annual global GHG emissions. Unsurprisingly, the largest source of carbon emissions comes from fuel combustion for propulsion. Fossil fuels (HFO, MGO, VLSFO and LNG1) currently provide 99 percent of sector’s final energy demand and all have issues from contributing to CO2 emissions, black carbon and methane leakage. International shipping provides 80–90 percent of global trade and…
William Henry Gates William Henry Gates is an American entrepreneur, programmer, investor and philanthropist. Bill Gates was born on October 28, 1955 in Seattle in a family having rich business, political and community service background. His great-grandfather was a state legislator and a mayor, his grandfather was vice president of national bank and his father was a lawyer. Your most unhappy customers are your greatest source of learning. Bill Gates Success is a lousy teacher. It seduces smart people into thinking they can’t lose. Bill Gates Life is not fair; get used to it. Bill Gates It’s fine to celebrate…
According to the researchers Pakistan has strong traditions of volunteering and giving, deeply rooted in the Islamic faith of its people. Charity is a central tenet of Islam, which lays great emphasis on supporting the needy and poor. Although philanthropy is preached and encouraged in other religions also, Islam makes it obligatory in the form of Zakat—one of the five pillars of the faith. The beneficiaries of Zakat are mentioned in the Quran – the poor, the needy, those employed to administer it, those hearts are made to incline (to truth), (to free) the captives, those in debt, and in…
The poverty rate in Pakistan was registered at 61.6 percent in 1998 which has reduced to 21.5 percent by 2018, according to HIES surveys. But on the other hand, it is a fact that 77.60 percent of Pakistan’s population lives in poor conditions (less than $5.50 per day income). Cycle of poverty before starting to think about poverty reduction, it is important to understand. Simply, if there is a poor family then because of poverty their children will grow up in poverty and such poor children have little or no access to education and skills. As a consequence, they would…
International experts identified that Corporate Social Responsibility (CSR) must not be explained through tax planning policy alone but should be explained within the framework of corporate philosophy, which determinants the needs of the community and the regions in which a corporate entity functions. Over the world No doubt, CSR is a leading business management concern. In Pakistan CSR, regular multinational firm engagement is an early stage. Domestic firms because of resource constraints, political alter, cultural tradition, crisis effects, and lack of competition are not paying the required attention. Sources recorded that the banking industry plays a tremendous role in financial…
Diversity Of Disbursed Loans (July-March FY 2022) Details Value in % Services 13.0 Manufacturing/Light Engineering/Workshop 8.0 Agriculture/Cropping 8.3 Embroidery/stitching/handicraft 16.3 Livestock/poultry/fish farming 20.3 Commodity/petty trading 34.1 GINI Co-Efficient Adjusted By HH Weigths Years Pakistan Urban Rural 2005-06 0.330 0.376 0.265 2007-08 0.314 0.354 0.264 2010-11 0.296 0.334 0.253 2011-12 0.307 0.351 0.250 2013-14 0.299 0.323 0.259 2015-16 0.326 0.356 0.266 2018-19 0.303 0.328 0.248 Source: Ministry of Planning, Development & Special Initiatives Pakistan: National Poverty Line And Headcount Year Poverty Line National Urban Rural 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…
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 ( April 06, 2023) Currency Symbol Buying Selling Australian Dollar AUD 193 195 Bahrain Dinar BHD 764.95 772.95 Canadian Dollar CAD 212.5 214.5 China Yuan CNY 41.8 42.2 Danish Krone DKK 42.29 42.69 Euro EUR 314.5 317.5 Hong Kong Dollar…
London’s FTSE-100 climbs ahead of easter break -World Stocks Markets Review UK’s blue-chip index rose in early deals on Thursday, lifted by commodity-linked stock, though most European markets were range-bound as worries of a possible recession in the US caused an overhang ahead of the Easter break. The FTSE 100 rose 0.4 percent by 0707 GMT, while the midcap FTSE 250 index slipped 0.1 percent and the continent-wide STOXX 600 climbed 0.3 percent. Shell rose 1.7 percent as the energy giant forecast higher liquefied natural gas (LNG) output in the first quarter. Robert Walters Plc fell 4.1 percent after the…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NSX Namibia [+] 12/30/2023 1,631.10 2.35% 2.35% 2.35% 0 0 AEX [+] 04/05/2023 755.76 -0.34% -0.06% -0.63% 2.68% 9.69% NZX 50 [+] 12/29/2023 11,473.24 -3.34% -3.34% -3.34% -0.99% 0 MBI10 [+] 04/06/2023 5,844.74 0 0.02% -0.54% -6.07% 3.40% OSEBX [+] 04/05/2023 1,195.23 -0.51% 0.14% -4.83% -5.59% 0.52% MSM30 [+] 04/04/2023 4,785.65 -0.55% -0.55% -0.73% 15.91% -1.48% KSE100 [+] 04/05/2023 39,717.15 0.08% -0.71% -3.92% -9.59% -1.74% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 04/05/2023 21,915.78 -0.35% 0.08% -1.47% -12.19% 2.74% PSEi…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] February 2023 6.0% 1.4% United Kingdom [+] February 2023 10.4% 0.6% Germany [+] February 2023 2.4% -4.5% France [+] February 2023 6.2% 1.3% Japan [+] February 2023 3.3% -0.1% Spain [+] February 2023 6.0% 0.7% Hungary [+] February 2023 25.4% 3.2% Luxembourg [+] February 2023 4.3% 1.3% Latvia [+] February 2023 20.3% 1.1% Morocco [+] February 2023 10.1% 2.2% Moldova [+] February 2023 25.9% 1.4% Mauritania [+] November 2022 12.2% 8.5% Maldives [+] December 2022 1.4% 1.4% Mexico [+] February 2023 7.6% 1.2% Nigeria [+] February 2023 21.9%…
Malaysia’s economic growth predicted to slow down in 2023 The Asian Development Bank (ADB) has projected Malaysia’s economy to grow at 4.7 percent in 2023, and 4.9 percent in 2024. The ADB said in its latest Asian Development Outlook report released on April 4 that Malaysia’s growth exceeded expectations in 2022, buoyed by strong domestic consumption and a rebound in services, as borders reopened and economic activity normalised. The bank said inflation remained broadly muted, dampened by government subsidies and price controls, adding that a less accommodative monetary stance was adopted in response to higher global interest rates. Growth is…
Record cuts in container shipping costs in 2023 As many shippers/BCOs conclude their annual tender negotiations for new transpacific contracts commencing 1 May, it is becoming clear that contracts rates this year in the transpacific and Asia-Europe will give exporters and importers a cut in shipping cost of 55 percent to 85 percent in most cases, when compared with 2022 costs. This is not a printing error – as shippers (and Drewry bid experts) involved in large ocean bids know. This is the largest year-on-year reduction in shipping costs for at least 7 years Detailed data on the reductions by…
Amid changing climate, Bangladesh farming groups conserve indigenous rice seeds Bangladesh, the fourth biggest rice-producing country in the world, produces around 39 million tons of rice annually to feed its 170 million people, with 130 lab-developed high-yielding varieties. For higher production, farmers have turned to a few high-yielding varieties, despite having around 1,000 indigenous varieties that have better adaptive quality amid changing climatic patterns; the trend has forced many traditional varieties to go extinct. By cultivating indigenous rice varieties, some farmers are fighting back against monoculture, and a few nongovernmental conservation organizations, as well as individuals, are creating awareness about…
A Social Ecologist For me the tension between the need for continuity and the need for innovation and change was central to society and civilization. I consider myself a “social ecologist,” concerned with man’s man-made environment the way the natural ecologist studies the biological environment. The term “social ecology” is my own coinage. But the discipline itself boasts and old and distinguished lineage. Its greatest document is Alexis de Tocqueville’s Democracy in America. But no one is as close to me in temperament, concepts, and approach as the mid-Victorian Englishman Walter Bagehot. Living (as I have) in an age of…
For changing the existing state of a nation into a distinguished position in the community of nations, education is one of the major factors; it is recorded by the Government of Pakistan in its annual survey. Furthermore, so far the educational advancements which have taken place and the expertise which has been attained in due course of time are not only benefiting our country but also the surrounding regions. It becomes in our country, even more, indispensable for its socioeconomic development through the effective transition of its vast proportion of the population such as youth. Transformation of 63 percent of…
Economic growth is the only suitable means of enhancing the living standard of people while foreign exchange can be utilized as productive capital to enhance economic activities not only to help earn foreign exchange but also to help attain higher development of the economy, according to experts. There has been a strong unidirectional causality from foreign aid to Gross Domestic Product (GDP). This assists to conclude that foreign aid has a significant contribution to economic growth. Liquid Foreign Exchange Reserves In Pakistan (Million US$) Period Net Reserves With SBP Net Reserves With Banks Total Liquid FX Reserves 07-Jan-2022 17,597.9 6,303.5…
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 & Special Initiatives Labour Force And Employment In Pakistan (million) Details 2017-18 2018-19 2020-21 Labour Force 65.5 68.75 71.76 Employed Labour Force 61.71 64.03 67.25 Unemployed 3.79 4.71 4.51 Unemployment rate (%) 5.8 6.9 6.3 Source: – Pakistan Bureau of Statistics Province/Region Wise Interest Free Loan (IFL) Progress…
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 22, 2023) Currency Symbol Buying Selling Australian Dollar AUD 187 189.4 Bahrain Dinar BHD 749.55 757.55 Canadian Dollar CAD 205 207.2 China Yuan CNY 40.91 41.31 Danish Krone DKK 40.77 41.17 Euro EUR 302.5 305.5 Hong Kong Dollar HKD…
Japan stocks higher at close of trade Japan stocks were higher after the close on Wednesday, as gains in the Chemical, Petroleum & Plastic, Transportation Equipment and Paper & Pulp sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.93 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 3160 to 496 and 172 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 17.22 percent to 22.80 a new 3-months high. Crude oil for May delivery was down 1.02 percent or 0.71 to $68.96 a barrel.…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD KASE [+] 12/30/2023 3,251.64 -0.12% -0.12% -0.12% 0 0 KSW Kuwait [+] 03/21/2023 7,827.03 0.41% -0.36% -4.82% -9.87% -3.56% OMX Riga [+] 12/30/2023 1,152.80 -2.83% -2.83% -2.83% -0.10% -0.10% OMX Vilnius [+] 12/30/2023 947.14 -5.52% -5.52% -5.52% -0.01% -0.01% LuxX [+] 03/21/2023 1,521.41 1.94% 1.59% -5.41% -15.43% 4.16% SEMDEX [+] 12/30/2023 2,055.25 4.18% 4.18% 4.18% 0 0 IPC MEXBOL [+] 12/30/2023 48,463.86 -7.96% -7.96% -7.96% 0 0 MONEX20 [+] 03/21/2023 14,595.30 -0.81% -0.90% 0.48% 49.08% 3.21% MASI [+] 03/22/2023 10,316.49 0 -0.95% -2.91% -19.53% -3.77%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] February 2023 6.0% 1.4% United Kingdom [+] February 2023 10.4% 0.6% Germany [+] February 2023 2.4% -4.5% France [+] February 2023 6.2% 1.3% Japan [+] February 2023 3.3% -0.1% Spain [+] February 2023 6.0% 0.7% Hungary [+] February 2023 25.4% 3.2% Luxembourg [+] February 2023 4.3% 1.3% Latvia [+] February 2023 20.3% 1.1% Morocco [+] February 2023 10.1% 2.2% Moldova [+] February 2023 25.9% 1.4% Mauritania [+] November 2022 12.2% 8.5% Maldives [+] December 2022 1.4% 1.4% Mexico [+] February 2023 7.6% 1.2% Nigeria [+] February 2023 21.9%…
Sri Lanka’s economy shrank by record 7.8pc last year Sri Lanka’s crisis-hit economy shrank by a record 7.8 percent last year, official data shows, as the country struggles with its worst financial crisis in seven decades. The island’s fourth-quarter gross domestic product (GDP) contracted by 12.4 percent, according to the figures released by the state-run census and statistics department on Thursday. Sri Lanka’s growth is expected to shrink by 3 percent this year, Moody’s Investors Service said on Monday but growth is expected to rebound in 2024. An unprecedented economic crisis sparked huge protests in the island nation, culminating last…
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…
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…