According to the government officials, except sluggishness in some areas in case of buses and two/three wheelers there has been robust growth in all-automobile sectors during July to March FY2021-22 in Pakistan. The higher growth effectively manifest clearing up the pent-up demand of Covid-19 period, otherwise negativity or stagnation in growth was persisting for the previous 5-year. During the year under consideration, there has been a persistent supply chain interruption because of chip shortages, skyrocketing freight costs, unrelenting rupee weakening, galloping inflation and auto financing restriction on high-end vehicles to decline the import bill. The auto sector constitutes about 15…
Author: S. Kamal Hayder Kazmi
Research revealed that industrialisation historically, has been a significant driver of economic growth and modernisation. It has retained its significance for developing states and states with economies in transition to the nowadays, offering them with the principal means to boost their factor productivity. This, in turn, offers the foundation for a long-term and sustainable raise in the standard of living and a corresponding fall in poverty. It is also revealed that industrial development is also critically significant due to the support it offers to other sectors of the economy, for example through raising agricultural productivity and through the processing of…
Credit/Loans Classified By Consumer Financing & Other Borrowers In Pakistan* (Rs in Mn) Description Jun-21 Aug-21 Jun-22R Aug-22P 1. Credit to Government Sector (A+B) 16,543,488 16,502,640 19,845,751 20,072,966 A. SBP Credit to Government Sector (Net) 5,323,985 5,167,327 5,187,590 4,498,926 B. Scheduled Banks Credit to Government Sector (Net) 11,219,502 11,335,313 14,658,160 15,574,040 2. Credit to Non Government Sector (A+B) 8,685,121 8,646,282 10,292,193 10,383,178 A. SBP Credit to Non Govt. Sector 29,556 29,816 34,245 34,374 B. Scheduled Banks Credit to Non Govt. Sector (I+II+III) 8,655,565 8,616,465 10,257,948 10,348,804 I. Credit to PSEs 1,639,536 1,643,258 1,707,240 1,843,914 II. Credit to NBFIs 188,464 187,072…
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 (October 07, 2022) Currency Symbol Buying Selling Australian Dollar AUD 143.02 144.27 Bahrain Dinar BHD 592.52 597.02 Canadian Dollar CAD 162.33 163.68 China Yuan CNY 31.31 31.56 Danish Krone DKK 29.39 29.74 Euro EUR 216 218 Hong Kong Dollar HKD…
European stocks rebound at open European stock markets recovered slightly at the start of trading Thursday following gains in Tokyo. London’s benchmark FTSE 100 index won 0.3 percent to 7,070.10 points, while the embattled pound gained a little versus the dollar. In the eurozone, Frankfurt’s DAX index won 0.7 percent to 12,606.62 points and the Paris CAC 40 advanced 0.4 percent to 6,009.31. Indices gain around 0.3pc with sensex ending at 58,222 Indian Benchmark indices trimmed most of the gains towards the end but still ended in the green on Thursday. Sensex added 157 points to close at 58,222. Nifty…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSE Malta [+] 12/31/2022 3,653.87 -0.07% -0.07% -0.07% -7.37% -7.37% SEMDEX [+] 10/05/2022 2,117.92 0.13% 0.11% 1.21% 3.99% 0.95% IPC MEXBOL [+] 10/06/2022 46,326.68 1.05% 3.81% 0.92% -9.12% -13.04% MONEX20 [+] 10/06/2022 11,675.87 0.40% 1.85% 4.10% 4.62% 18.33% MASI [+] 10/07/2022 11,738.69 0 1.08% -3.42% -10.37% -12.12% NSX Namibia [+] 10/05/2022 1,479.80 -1.29% 2.27% -2.06% 2.85% -5.85% AEX [+] 10/06/2022 661.38 -0.46% 3.24% -2.06% -13.12% -17.11% NZX 50 [+] 10/07/2022 11,103.79 -0.19% 0.34% -4.08% -15.48% -14.81% MBI10 [+] 10/07/2022 5,519.25 0 -1.20% -3.79% -1.99% -10.31%…
Consumer Price Index (CPI) In Statistics Countries Date CPI Interannual Accum. since January United States [+] August 2022 8.3% 6.2% United Kingdom [+] August 2022 9.9% 7.0% Germany [+] August 2022 7.9% 6.9% France [+] August 2022 5.8% 5.0% Japan [+] August 2022 3.0% 2.6% Spain [+] August 2022 10.5% 6.1% Italy [+] August 2022 8.4% 6.9% Portugal [+] August 2022 8.9% 7.0% Greece [+] August 2022 11.4% 6.0% Ireland [+] August 2022 8.7% 6.4% Armenia [+] August 2022 8.4% 5.1% Angola [+] August 2022 19.8% 10.2% Argentina [+] August 2022 78.5% 56.4% Austria [+] August 2022 9.3% 6.8% Australia…
Singapore economy shows some moderation The Singapore economy grew at a pace of 4.4 percent y/y in the second quarter of 2022, after growth of 3.8 percent y/y in the first quarter of 2022. This follows a strong economic rebound from the pandemic in 2021, when GDP growth rose by 7.6 percent y/y. Helped by improving domestic demand, Singapore’s services sector grew at 4.8 percent y/y and the manufacturing sector grew at a pace of 5.7 percent y/y in the second quarter of 2022. Service sector output in the second quarter was buoyed by surging output for food and beverage…
Associations plead case for EU consortia block exemption regulation The joint submission from the World Shipping Council (WSC), the International Chamber of Shipping (ICS), and the Asian Shipowners’ Association (ASA) pleads the case for renewal of the Consortia Block Exemption Regulation (CBER) which allows container lines to share certain information which would otherwise be against antitrust rules. The regulation is set to expire in April 2024 unless renewed. The European Commission invited feedback on the regulation as the business practices of container lines come under increased scrutiny after a period of higher freight rates, lower service levels and widespread disruption.…
Sugar production drops 34pc on elections Sugar production in August dropped by 34 percent as more factories closed for maintenance amid scarcity of mature cane, subjecting consumers to higher prices of the commodity on shelves. Total sugar production in August was 46,459 tonnes from the 70,278 tonnes recorded a month earlier, data from the Sugar Directorate shows. The agency said that Kwale, Soin and OlePito factories had closed for maintenance in the review period while Nzoia and Chemelil, which were shut in May, resumed operations in August. The directorate said the decline in production could also be attributed to disruption…
The Right Compromise “Half a loaf is better than no bread.” One has to start out with what is right rather than what is acceptable (let alone who is right) precisely because one always has to compromise in the end. But if one does not know what is right to satisfy the specifications and boundary conditions, one cannot distinguish between the right compromise and the wrong compromise —and will end up by making the wrong compromise. There are two different kinds of compromise. One kind is expressed in the old proverb, “Haifa loaf is better than no bread.” The other…
Statistics showed that across Pakistan, the fruit and vegetable prices have shot up after flooding destroyed crops and disrupted supplies unluckily. Sources said that the Government of Pakistan sets prices for some fresh produce but traders often ignore them. Agriculture Growth (Base=2015-16) (%) Sector 2019-20 2020-21 2021-22 P Agriculture 3.91 3.48 4.40 1. Crops (i+ii+iii) 6.32 5.96 6.58 i) Important Crops 5.24 5.83 7.24 ii) Other Crops 9.21 8.27 5.44 iii) Cotton Ginning -4.06 -13.08 9.19 2. Livestock 2.80 2.38 3.26 3. Forestry 3.36 -0.45 6.13 4. Fishing 0.63 0.73 0.35 Sources also recorded that in various parts of Pakistan,…
Despite being blessed with all kinds of resources, no doubt the economy of Pakistan is being marred with challenges like erosion in the purchasing power, mounting local and foreign debt, and dissuasion of productive private sector activity. Experts recorded that Pakistan in a decade has been drenched by severe monsoon rains that have led to the country’s worst flooding. The present flood in Pakistan is amongst the worst natural catastrophe of recent times, destroying and damaging millions of acres of land, crops, infrastructure, and economic and social lives. Extraordinarily, monsoon downpour during the normal season that runs between July and September becomes predominantly severe in the…
Floods In Pakistan 1992 India–Pakistan floods In 1995 heavy monsoon rains occurred in mid-July. Due to this Indus River and other rivers and canals started to flood. In 2003, Sindh province was badly affected when above normal monsoon rainfall caused flooding in the province. In 2007, Khyber Pakhtunkhwa, Sindh and coastal Balochistan were badly affected due to monsoon rainfall. Sindh and coastal Balochistan were affected by Cyclone Yemyin in June and then torrential rains in July and August, while Khyber Pakhtunkhwa was affected by melting glaciers and heavy rainfall in July and August. 2009 Karachi floods In 2010, almost all…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Sep 23, 2022) Currency Symbol Buying Selling Australian Dollar AUD 158.5 159.75 Bahrain Dinar BHD 633.37 637.87 Canadian Dollar CAD 177.7 179.12 China Yuan CNY 34 34.25 Danish Krone DKK 32.07 32.42 Euro EUR 237 239.5 Hong Kong Dollar HKD…
Canada stocks-TSX hits 2-month low Canada’s main stock index fell to its lowest level in nearly two months on Thursday, weighed down by technology and healthcare stocks, as investors continued to fret over the pace of interest rate hikes by major central banks. The Toronto Stock Exchange’s S&P/TSX composite index ended down 181.86 points, or nearly 1 percent, at 19,002.68, its lowest closing level since July 26. The decline came as global central banks continued raising interest rates, following the U.S. Federal Reserve in a fight against inflation that is sending shockwaves through financial markets and the economy. Rate-sensitive technology…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD AEX [+] 09/22/2022 657.40 -1.85% -1.12% -7.54% -17.04% -17.61% NZX 50 [+] 09/23/2022 11,434.82 -0.72% -1.26% -1.79% -14.06% -12.27% MBI10 [+] 09/23/2022 5,720.89 0 -0.03% -1.94% 0.03% -7.03% OSEBX [+] 09/22/2022 1,159.05 -0.36% -1.37% -8.20% 1.54% -3.53% MSM30 [+] 09/22/2022 4,472.93 -0.79% 0.16% -3.12% 14.19% 8.32% KSE100 [+] 09/22/2022 40,927.95 -0.09% -1.80% -4.43% -10.24% -8.23% BVPSI [+] 09/22/2022 392.30 -0.24% -0.25% -0.76% 2.54% 1.50% S&P/BVL Peru [+] 09/22/2022 19,474.31 -0.94% 0.57% 0.34% 7.60% -7.76% PSEi [+] 09/23/2022 6,259.54 -0.67% -4.42% -5.42% -9.48% -12.12% WIG20 [+]…
Consumer Price Index (CPI) In Statistics Countries Date CPI Interannual Accum. since January United States [+] August 2022 8.3% 6.2% United Kingdom [+] August 2022 9.9% 7.0% Germany [+] August 2022 7.9% 6.9% France [+] August 2022 5.8% 5.0% Japan [+] August 2022 3.0% 2.6% Spain [+] August 2022 10.5% 6.1% Italy [+] August 2022 8.4% 6.9% Portugal [+] August 2022 8.9% 7.0% Greece [+] August 2022 11.4% 6.0% Ireland [+] August 2022 8.7% 6.4% Armenia [+] August 2022 8.4% 5.1% Angola [+] August 2022 19.8% 10.2% Argentina [+] August 2022 78.5% 56.4% Austria [+] August 2022 9.3% 6.8% Australia…
Views differ on level of risk faced by Malaysia’s economy Experts agree that challenges – both internal and external – will continue to plague the Malaysian economy. However, views differ on how high such risks will be or whether or not they will take the country into another recession. A Singapore-based economist agreed with the assertion by Bursa Malaysia chairman Abdul Wahid Omar that Malaysia is unlikely to go into recession. On the other hand, a Malaysian economist sees a stagflation on the horizon. Senior fellow at Singapore’s ISEAS-Yusof Ishak Institute Lee Hwok Aun expressed confidence that Malaysia could avoid…
Wastefuel technology converts municipal solid waste to e-methanol fuel With the shipping industry moving toward the broader adoption of methanol as an alternative fuel supply and sourcing concerns remain. California-based start-up WateFuel, which counts Maersk and NetJets among its investors, has developed a new technology module for converting municipal solid waste into low-carbon fuels. According to the company, the technology can be built efficiently where waste is located and scale production efficiently and rapidly toward meeting the shipping industry’s growing demand for green methanol. According to the company, its new technology will significantly accelerate the use of organic waste to…
Coal deal hunters descend on Indonesia as demand peaks For more than 1,200 people gathered at a hotel in Indonesia’s resort island of Bali this week the message was clear: coal is here to stay. After two years of pandemic disruptions, Asia’s top coal industry event Coaltrans is back in Bali with a turnout that some participants say mirror those seen during the boom years about a decade ago. Buyers all over Asia, and some from Europe, flew in to the conference to hunt for any coal supply they can secure ahead of winter, as global supply shortages and growing…
Pursuing Perfection “The Gods can see them.” The greatest sculptor of ancient Greece, Phidias, around 440 bc made the statues that to this day, 2,400 years later, still stand on the roof of the Parthenon in Athens. When Phidias submitted his bill, the city accountant of Athens refused to pay it. “These statues stand on the roof of the temple, and on the highest hill in Athens. Nobody can see anything but their fronts. Yet, you have charged us for sculpturing them in the round, that is, for doing their backsides, which nobody can see.” “You are wrong,” Phidias retorted.…
In the developing states, international Economists analyzed that because of the limited availability of real and financial sources, increased attention is to be paid to local savings and mobilization of these savings through the banking system. They have dissimilar views when they examine savings, the factors influencing the trend of savings, and the relation of savings and interest rates. As for the role of interest rates, the views vary even greater than concerning the other factors influencing savings. Low interest rates, it is also said that if applied on both credits and deposits, may decline propensity to save: it is…
Dissimilar sources identified that Modaraba Companies are part of the non-banking Islamic financial institutions. Presently in Pakistan, the institutional framework, evolution, development and profile of the Modaraba companies have been spelled out along with an overview of the market environment for the Modarabah certificates. Moreover, international studies identified that non-banking financial institutions are playing increasingly significant role in the efficient functioning of modern capital markets. As depository institutions, the evolution and development of Islamic banks has also encouraged the development of non-banking Islamic financial institutions counting investment funds and insurance companies managed by various Islamic banks. In addition, since 1984,…
Comparison of market capitalization of Leasing companies and Modarbas with other sector Sectors Market Cap On 30/06/2021 (Rs million) Market Cap On 31/03/2022 (Rs million) % Change Automobile Assembler 361,448.43 314,465.25 -13.0 Automobile Parts & Accessories 80,036.05 56,611.33 -29.3 Cable & Electrical Goods 38,221.11 25,466.05 -33.4 Cement 702,506.46 535,882.96 -23.7 Chemical 404,117.21 406,477.57 0.6 Close – End Mutual Fund 3,281.22 2,556.07 -22.1 Commercial Banks 1,308,754.05 1,362,896.96 4.1 Engineering 171,409.78 124,043.87 -27.6 Fertilizer 509,383.64 552,742.34 8.5 Food & Personal Care Products 744,128.43 753,305.13 1.2 Glass & Ceramics 80,095.90 68,244.09 -14.8 Insurance 170,003.13 145,318.52 -14.5 Inv. Banks / Inv. Cos. / Securities…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Sep 09, 2022) Currency Symbol Buying Selling Australian Dollar AUD 150.56 151.81 Bahrain Dinar BHD 594.06 598.56 Canadian Dollar CAD 170.29 171.64 China Yuan CNY 32.1 32.35 Danish Krone DKK 29.91 30.26 Euro EUR 232 234 Hong Kong Dollar HKD…
Miners lift UK’S FTSE 100 on supply disruption concerns UK’s main stock index was lifted by mining shares on Thursday, as a few major metal producers threatened to disrupt supply against a backdrop of global recession fears, while Primark owner Associated British Foods tumbled on dour profit forecast. The commodity-heavy FTSE 100 edged 0.3 percent higher, while the more domestically focused mid-FTSE 250 was up 0.5 percent, as of 0709 GMT. The mining sector climbed 1.5 percent, tracking firm copper prices on concerns of potential disruptions in major producer-countries. The rate-sensitive banking sector advanced 0.4 percent, after dropping more than…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD OMX Vilnius [+] 09/09/2022 914.96 0.44% -0.57% -1.30% -8.67% -5.15% LuxX [+] 09/08/2022 1,372.57 -0.41% -1.35% -7.39% -19.33% -17.43% FBMKLCI [+] 09/08/2022 1,494.73 0.23% 0.24% -0.09% -6.44% -4.64% MSE Malta [+] 12/31/2022 3,648.01 0 0 0 -7.52% -7.52% SEMDEX [+] 09/08/2022 2,108.53 0.71% 0.69% 2.06% 8.34% 0.51% IPC MEXBOL [+] 09/08/2022 46,283.34 0.49% 0.86% -2.26% -10.08% -13.12% MONEX20 [+] 09/08/2022 11,218.30 0.02% 0.02% 0.16% 2.61% 13.69% MASI [+] 09/09/2022 12,157.38 0.00% 0.17% 1.44% -6.27% -8.99% NSX Namibia [+] 09/07/2022 1,485.70 -1.75% -1.11% -6.05% -1.43% -5.47%…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] July 2022 8.5% 6.3% United Kingdom [+] July 2022 10.1% 6.4% Germany [+] July 2022 7.5% 6.6% France [+] July 2022 6.1% 4.6% Japan [+] July 2022 2.6% 2.2% Spain [+] July 2022 10.8% 5.8% Italy [+] July 2022 7.9% 6.0% Portugal [+] July 2022 9.1% 7.3% Greece [+] July 2022 11.6% 6.3% Ireland [+] July 2022 9.1% 6.2% Argentina [+] July 2022 71.0% 46.2% Austria [+] July 2022 9.3% 6.7% Australia [+] June 2022 6.1% 4.0% Belgium [+] July 2022 9.6%…
Uber generated 4,500c for Bangladesh’s economy in 2021 Uber on Sunday revealed that they helped transform the on-demand economy for riders, driver partners, and the wider community by generating Tk4,500 crore for Bangladesh’s economy in 2021. Uber’s 2021 Bangladesh Economic Impact Report, researched and compiled by Public First, a UK based policy research firm, dove deep into the factors behind the economic contribution, consumer surplus, how users benefit, and how driver partners gain from flexible work, according to a press release. As per the report, Tk4,500 crore contribution included both the impact of earnings of driver-partners facilitated by Uber, and…
Container shipping profits will drop by 80pc in 2023/24: HSBC report After two years of unprecedented rises container freight rates were seen as having peaked with a downcycle in 2023 – 2024 driven by overcapacity. However, Parash Jain, Head of Shipping & Ports & Asia Transport Research for HSBC does not believe the sector will return to losses, which have so often characterised it over the last two decades pre-pandemic. “There are signs that spot rates could fall to pre-pandemic levels swiftly on the widening demand-supply gap (as seen in the BDI), but we maintain that contract rates should settle…
Coal production increases by 8.2pc y-o-y in August Coal output in India rose to 58.33 million tonnes in August 2022, up by 8.2 percent from the 53.88 million tonnes recorded in the corresponding period of last year. According to Coal Ministry data, Coal India Limited (CIL) as well as other captive mines recorded a growth of 8.49 and 27.06 percent respectively by producing 46.22 million tonnes and 8.02 million tonnes, respectively. Coal dispatch went up by 5.41 percent to 63.43 million tonnes in August 2022 compared to 60.18 million tonnes recorded in August 2021. In August 2022, CIL and other…
Managing Oneself: Revolution in Society Managing oneself is based on these realities: Workers are likely to outlive organizations, and the knowledge worker has mobility. Managing oneself is a REVOLUTION in human affairs. It requires new and unprecedented things from the individual, and especially from the knowledge worker. For, in effect, it demands that each knowledge worker think and behave as a chief executive officer. It also requires an almost 180-degree change in the knowledge workers’ thoughts and actions from what most of us still take for granted as the way to think and the way to act. The shift from…
International research revealed that progress and prosperity of any country depends upon the educational choices available to the masses. Education not only trains the young ones to understand and cope with the complexities of economic growth, but also serves as a lever for its enhancement. It guarantees the quality of human life which ensures socioeconomic growth in a country. Asian countries like South Korea, India and China attained wonderful economic growth in the last few decades mainly educational reforms. In spite of carrying out number of reforms, economic development in Pakistan is still lacking behind than even most of developing…
Education is one of the key factors for changing the existing state of a nation into a distinguished position in the community of nations. While education levels vary from state to state, researchers revealed that there is a clear correlation between the quality of a country’s educational system and its general economic status and overall well-being. In general, developing states tend to provide their citizens a higher quality of education than the least developed states do, and completely developed states provide the best quality of education of all. Education is clearly a vital contributor to any country’s overall health. In…
Pakistan: Literacy Rate (10 Years and Above) (%) Province/Area 2018-19 2020-21 Male Female Total Male Female Total Rural 69.2 48.4 58.5 69.0 48.9 58.8 Urban 82.2 74.3 78.3 82.5 74.3 78.5 Sindh 72.5 49.5 61.6 72.9 49.7 61.8 Rural 60.0 26.5 44.4 58.8 26.8 43.3 Urban 82.8 67.7 75.6 85.2 69.9 77.9 Khyber Pakhtunkhwa 70.1 35.5 52.4 72.8 37.4 55.1 Rural 68.1 31.8 49.4 70.1 33.5 51.7 Urban 79.4 53.2 66.2 85.8 57.8 72.3 Balochistan 70.7 32.7 53.9 69.4 36.8 54.5 Rural 66.3 27.2 49.1 65.0 31.1 49.5 Urban 81.8 46.8 66.4 80.0 50.9 66.8 Source: Labour Force Survey, 2020-21,…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( August 26, 2022) Currency Symbol Buying Selling Australian Dollar AUD 151.27 152.52 Bahrain Dinar BHD 578.03 582.53 Canadian Dollar CAD 167.88 169.23 China Yuan CNY 31.72 31.97 Danish Krone DKK 29.41 29.76 Euro EUR 225 227.5 Hong Kong Dollar…
CAC 40 up 0.39pc France stock were higher after the close on Wednesday, as gains in the Oil & Gas, Basic Materials and Financials sectors led shares higher. At the close in Paris, the CAC 40 added 0.39 percent, while the SBF 120 index added 0.38 percent. Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 279 to 249 and 95 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 December delivery was up 0.08 percent or 1.35 to…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD HANG SENG [+] 08/25/2022 19,968.38 3.63% 0.99% -2.89% -22.28% -14.66% BUX [+] 08/24/2022 43,097.98 0.22% 0.25% 1.82% -16.53% -15.03% ICEX [+] 08/26/2022 2,431.89 0 -1.59% 3.03% -1.03% -7.98% NIFTY [+] 08/25/2022 17,522.45 -0.47% -1.33% 5.36% 5.34% 0.97% JCI Jakarta [+] 08/25/2022 7,174.21 -0.28% 0.02% 4.60% 17.36% 9.01% TA-35 [+] 08/25/2022 2,060.40 -0.33% 0.77% 8.22% 16.58% 4.16% ASE Amman [+] 08/25/2022 2,563.17 0.04% -0.12% -1.62% 27.97% 20.98% KASE [+] 08/25/2022 3,131.60 0.86% 1.76% 13.58% 1.26% -14.79% KSW Kuwait [+] 08/25/2022 8,705.91 -0.40% 1.02% 1.56% 17.36% 13.96%…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] July 2022 8.5% 6.3% United Kingdom [+] July 2022 10.1% 6.4% Germany [+] July 2022 7.5% 6.6% France [+] July 2022 6.1% 4.6% Japan [+] July 2022 2.6% 2.2% Spain [+] July 2022 10.8% 5.8% Italy [+] July 2022 7.9% 6.0% Portugal [+] July 2022 9.1% 7.3% Greece [+] July 2022 11.6% 6.3% Ireland [+] July 2022 9.1% 6.2% Argentina [+] July 2022 71.0% 46.2% Austria [+] July 2022 9.3% 6.7% Australia [+] June 2022 6.1% 4.0% Belgium [+] July 2022 9.6%…
Drought hurts China’s economy as central bank cuts rates Record-high temperatures and a severe drought in west-central China have crippled hydropower generation and prompted the shutdown of many factories there, in the latest blow to a Chinese economy that already has stagnant consumer spending and a deeply troubled real estate market. Sichuan Province in west-central China, one of China’s most populous and a fast-growing industrial base in recent years, normally generates more than three-quarters of its electricity from huge dams. The summer rainy season usually brings so much water that Sichuan sends much of its hydropower to cities and provinces…
Felixstowe port workers strike to compound supply chain woes Some 1,900 port workers have gone on strike from 21 – 28 August at the Port of Felixstowe over proposed pay increases offered by the Hutchison Ports run terminal. Members of Unite the Union voted overwhelmingly in favour of strike action at the end of July. As the UK’s largest container port Felixstowe handles around 4m teu annually or roughly 48 percent of the country’s containerised volumes and is a regular port of call on mainline Asia – Europe services. Phil Reuben, Executive Director of supply chain and logistics consultancy SCALA,…
CS Brazil h1 August sugar production expected to fall 5pc on the year Sugar production in Brazil’s key Center-South region is expected to total 2.85 million mt in the first half of August, reflecting a 5 percent year-on-year decline, according to results from an S&P Global Commodity Insights survey of 11 analysts released Aug. 23. During the survey, the cane crush estimate ranged from 37 million mt to 43.8 million mt. The average estimate was for a total cane crush of 41.4 million mt, down 7.5 percent on the year. Weather in the Center-South region was mostly favorable for crushing…
Practice Comes First Decision makers need to factor into their present decisions the “future that has already happened.” Decision makers – in government, in the universities, in business, in the labor unions, in churches – need to factor into their present decisions the future that has already happened. For this they need to know what events have already occurred that do not fit into their present-day assumptions, and thereby create new realities. Intellectuals and scholars tend to believe that ideas come first, which then lead to new political, social, economic, psychological realities. This does happen, but it is the exception.…
International Experts identified that there is a fundamental reason why emerging and developing countries amass external debt is lack of saving and investment. Countries with insufficient savings will approach the local or international debt market to borrow money for consumption smoothing and sustaining economic growth. Moreover, low government revenue, low levels of investment, and balanced budget deficits are additional reasons why developing countries approach the debt market. The Experts also recorded that the external debt of the government is the debt owed to holders of government securities like treasury bills, treasury notes, and treasury bonds. The government borrows by issuing…
The Experts in the world investigated that in developing countries, labour markets play a central role in determining economic and social progress since employment status is one of the chief determinants of exiting poverty. Ultimately, having a decent, well-paid and secure job is the most sustainable path to increasing incomes and consumption levels. However, the reality in the formal economy of most developing countries is that the labour market fails to create the jobs needed to assist individuals and their families prosper. Rather, the labour markets tend to be characterized through the persistence of informality in urban regions, the continuing…
Pakistan: Exports, Imports And Balance Of Trade (Million US $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative a b Monthly Period to Period c d Monthly Period to Period a-c b-d Jan-20 2,056 14,464 -2.6 2.3 3,931 27,245 -15.1 -14.3 -1,875 -12,781 Feb-20 1,996 16,460 -2.9 2.8 3,581 30,826 -8.9 -12.4 -1,585 -14,366 Mar-20 1,821 18,281 -8.8 1.3 3,310 34,136 -7.6 -13.2 -1,489 -15,855 Apr-20 1,423 19,704 -21.9 -2.1 3,144 37,280 -5.0 -14.2 -1,721 -17,576 May-20 1,259 20,963 -11.5 -6.7 2,805 40,085 -10.8 -16.2 -1,546 -19,122 Jun-20 1,573 22,536 24.9 -7.1…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (AUGUST 12, 2022) Currency Symbol Buying Selling Australian Dollar AUD 159.29 160.54 Bahrain Dinar BHD 596.93 601.43 Canadian Dollar CAD 175.7 177.05 China Yuan CNY 33.38 33.63 Danish Krone DKK 31.17 31.52 Euro EUR 217 220 Hong Kong Dollar HKD…
FTSE 100 rises on avast boost Britain’s main stock indexes closed higher on Wednesday as Avast surged after it won regulatory approval for NortonLifeLock’s $8.6 billion deal, while banks rose a day before an expected interest rate hike from the Bank of England. Shares of Avast Plc soared 43.8 percent to an all-time high after Britain’s competition regulator said it has provisionally cleared cybersecurity firm NortonLifeLock’s $8.6 billion purchase of its rival. The blue-chip FTSE 100 index was 0.5 percent higher, while the domestically focussed midcap index gained 0.7 percent. Both the indexes clocked strong gains in July, with the…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CR Indice Accionario [+] 08/09/2022 11,894.35 0 0.00% 0.00% 28.23% 0.00% CROBEX [+] 08/10/2022 1,987.72 0.09% 1.35% 0.55% 1.21% -4.41% CSE [+] 08/10/2022 68.95 0.16% 0.66% 1.85% 0.12% 0.42% PX [+] 08/10/2022 1,249.73 0.48% 1.31% 1.54% 0.98% -12.36% OMXC20 [+] 08/10/2022 1,752.22 2.36% 2.33% 3.22% -2.91% -6.00% EGX30 [+] 08/10/2022 9,965.46 -0.03% -1.56% 13.71% -8.18% -16.60% OMX Tallinn [+] 08/11/2022 1,888.33 2.25% 5.54% 6.95% 3.73% -5.57% OMX25 [+] 08/10/2022 4,851.84 1.61% 1.70% 4.93% -14.88% -12.92% GSE Ghana [+] 08/10/2022 2,475.59 3.60% 3.30% -2.48% -9.78% -11.25%…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] June 2022 9.1% 6.3% United Kingdom [+] June 2022 9.4% 5.8% Germany [+] June 2022 7.6% 5.7% France [+] June 2022 5.8% 4.3% Spain [+] June 2022 10.2% 6.1% Italy [+] June 2022 8.0% 5.5% Portugal [+] June 2022 8.7% 7.4% Greece [+] June 2022 12.1% 8.3% Ireland [+] June 2022 9.1% 5.7% Armenia [+] June 2022 8.1% 6.3% Angola [+] June 2022 23.0% 8.5% Argentina [+] June 2022 64.0% 36.2% Austria [+] June 2022 8.7% 5.8% Belgium [+] June 2022 9.7%…
China’s economy could be dragged down The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned. The comments come after beleaguered developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend. In filings with the Hong Kong stock exchange, Evergrande instead said it had “preliminary principles″ in place for the restructuring of its offshore debts. It also said one of its subsidiaries, Evergrande Group (Nanchang), had been ordered to pay an unnamed guarantor 7.3 billion yuan ($1.08 billion) for failing to…
World’s longest green corridor planned between Singapore and Rotterdam Efforts are underway to form the world’s longest green corridor to enable low and zero carbon shipping between the hubs of Singapore in the Far East and Rotterdam in Europe. The port authorities for each port are joining with others in the industry hoping to inspire others to follow their lead while they also seek to expand on the concept of green shipping corridors first launched at the COP26 conference last fall in Glasgow. Beyond supporting the adoption of alternative fuels, a new agreement between the Maritime and Port Authority of…
Rice production under threat Rice production is under threat in parts of Asia from higher fertilizer costs at a time when demand is increasing, posing a potential risk to food security and efforts to contain inflation. Crop yields may decline in Thailand, the world’s second-largest exporter, because of elevated prices for crop nutrients, according to a research unit of Kasikornbank Pcl, while in the Philippines, the No. 2 importing country, a lower harvest is likely to increase the need for overseas purchases. China’s worried about the crop impact of pests, while India’s output depends on a good monsoon. Most of…
Long-Range Planning The future requires not just happen if one wishes hard enough. The future requires decisions – now. It imposes risk – now. It requires action – now. It demands allocation of resources, and above all, of human resources – now. It requires work – now. The idea of long-range planning – and much of its reality – rests on a number of misunderstandings. The long range is largely made by short-run decisions. Unless the long range is built into, and based on, short-range plans and decisions, the most elaborate long-range plan will be an exercise in futility. And…
According to the Economic Survey of Pakistan FY2022, the capital market is an organized market where both individuals and business entities can trade various financial instruments such as bonds, stocks, government securities etc. Capital market is a key source of funds for an entity whose securities are permitted by a corporate regulatory authority to be traded, since it can readily sell its debt obligations and equity to investors. It is also said that capital market offers a variety of financial instruments that enable economic agents to pool, price and exchange risk. Through assets with attractive yields, liquidity and risk characteristics,…
International studies identified that cement is a binder, a substance utilized for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel (aggregate) together. Cement mixed with fine aggregate produces mortar for masonry, or with sand and gravel, produces concrete. Cement is the most broadly used material in existence and is only behind water as the planet’s most-consumed resource. Studies also showed that the global cement clinker and cement market size was estimated at USD 822.90 million in 2021 and is projected to…
US Dollar Exchange Rates (July 20, 2022) Currency Symbol Units per USD USD per Unit China Yuan CNY 6.7445 0.1483 Euro EUR 0.9767 1.0238 Japanese Yen JPY 137.9523 0.0072 Pakistan Rupee PKR 221.7927 0.0045 Saudi Riyal SAR 3.75 0.2667 U.A.E Dirham AED 3.6725 0.2723 UK Pound Sterling GBP 0.8319 1.2021 US Dollar USD 1 1 Current Gold Rates* Pakistan Gold Rates* (by: Karachi Saraf Jewelers Association) Pakistan Gold Rates (Converted from International Rate) [Gold 24K per 10 Grams] Rs. 115,226 Gold 24K per 10 Grams Rs.124,836.13 [Gold 24K per Tola] Rs. 134,400 Gold 24K per Tola Rs.145,454.32 [Gold 22K per…
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 (July 21, 2022) Currency Symbol Buying Selling Australian Dollar AUD 153.08 154.33 Bahrain Dinar BHD 587.87 592.37 Canadian Dollar CAD 172.05 173.04 China Yuan CNY 32.88 33.13 Danish Krone DKK 30.5 30.85 Euro EUR 223 226 Hong Kong Dollar HKD…
Canada stocks – TSX rises 0.48pc to 19,029.02 The Toronto Stock Exchange’s TSX rises 0.48 percent to 19,029.02. Leading the index were Canopy Growth Corp up 16.4 percent, Shopify Inc SHOP.TO, up 12.4 percent, and Tilray Brands Inc TLRY.TO, higher by 11.2 percent. Lagging shares were First Quantum Minerals Ltd FM.TO, down 6.6 percent, Wesdome Gold Mines Ltd WDO.TO, down 5.9 percent, and Wheaton Precious Metals Corp WPM.TO, lower by 4.4 percent. On the TSX 134 issues rose and 102 fell as a 1.3-to-1 ratio favored advancers. There was 1 new high and 5 new lows, with total volume of…
Stock Market Indexes Details Date Level Ch. (%) This Week ch. (%) Mon. ch.(%) Ann. ch. (%) YTD (%) DOW [+] 07/20/2022 31,874.84 0.15 1.87 6.64 -7.64 -12.28 NASDAQ [+] 07/20/2022 11,897.65 1.58 3.89 10.18 -17.94 -23.95 S&P 500 [+] 07/20/2022 3,959.90 0.59 2.50 7.76 -8.40 -16.92 STOXX 50 [+] 07/20/2022 3,585.24 -0.06 3.11 3.33 -9.38 -16.59 FTSE 100 [+] 07/20/2022 7,264.31 -0.44 1.47 2.00 5.57 -1.63 DAX [+] 07/20/2022 13,281.98 -0.20 3.24 0.12 -12.71 -16.39 CAC 40 [+] 07/20/2022 6,184.66 -0.27 2.46 4.47 -2.56 -13.54 NIKKEI [+] 07/21/2022 27,803.00 0.44 3.79 5.93 0.93 -3.43 TOPIX [+] 07/21/2022 1,950.59 0.21…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] June 2022 9.1% 6.3% United Kingdom [+] June 2022 9.4% 5.8% Germany [+] June 2022 7.6% 5.7% France [+] June 2022 5.8% 4.3% Spain [+] June 2022 10.2% 6.1% Italy [+] June 2022 8.0% 5.5% Portugal [+] June 2022 8.7% 7.4% Greece [+] June 2022 12.1% 8.3% Ireland [+] June 2022 9.1% 5.7% Armenia [+] June 2022 8.1% 6.3% Angola [+] June 2022 23.0% 8.5% Argentina [+] June 2022 64.0% 36.2% Austria [+] June 2022 8.7% 5.8% Belgium [+] June 2022 9.7%…
Japan’s economy likely to grow more slowly than expected Japan’s economy is likely to grow at a slower pace than previously thought throughout the rest of the fiscal year, a Reuters poll showed, as growing risks of a global economic slowdown and supply woes torment Japanese exporters. Manufacturers in the world’s third-largest economy are susceptible to the gloomier growth outlook in major trading partners such as the United States and China that are stoking recession and stagflation fears worldwide. Analysts, however, still projected Japan’s growth to stay positive throughout the fiscal year until next March, the poll showed, thanks to…
Congestion shifts to US East coast ports Congestion at US West Coast ports hit the headlines last year as it reached record levels with vessels waiting more than three weeks to berth at the key ports of Los Angeles and Long Beach (LA/LB) with severe pressure on the supply chain. However, the latest edition The McCown Report by Blue Alpha Capital said that the port congestion situation in the US had morphed from primarily impacting the West Coast to impacting all coastal ranges. According to the report the total number of containerships waiting to berth at US ports had fallen…
What should be Bangladesh’s food security strategy? The rapid increase in global food prices in recent months have put many countries including Bangladesh in a crisis, especially affecting low and middle-income families as they spend a large share of their income on food. The Food and Agriculture Organization (FAO) Food Price Index has reached 158.5 points, higher than the previous peaks of 132.5 and 137.6, reached during the 2007-2008 and 2011 food crises, respectively. The Russia-Ukraine war, dry weather in several countries, and high prices of agricultural inputs such as fertiliser are responsible for lower food production and higher prices.…
Managing Oneself: Identify Strengths It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity. You can learn to identify your strengths by using feedback analysis. This is a simple process in which you write down every one of your key decisions and key actions along with the results that you expect them to achieve. Nine to twelve months later, check the actual results against expectations. After two to three years of use, you will know your strengths by tracking those decisions and actions where actual results fell in line…
International experts revealed that in the full swing of globalization process the world is now a global village. The advanced technology and newer innovation to develop the existing technology is the chief to make it happen. The overall economic activities of financial institutions, credit market, stock market etc largely depends on the utilization of the advanced technology of communication. The continuous day to day economic activities from government to private sectors mainly depends on the availability of information. Developing countries as well as in many emerging economy development of telecommunication is urged and one of the most vital factors to…
According to the Economic Survey of Pakistan released FY 2022, the outbreak of Covid pandemic in 2019 has led to a worldwide macroeconomic shock of unprecedented magnitude. The central banks responded aggressively to avoid deep recession in the economies. Short-term interest rates, which were already low in most advanced economies, quickly declined to around zero in all advanced economies, outpacing their responses to Global Financial Crisis (GFC) in terms of both speed and scope. Emerging markets also experienced sharp falls in short-term interest rates, approaching zero in various countries. The experts in the economic survey also revealed that the central…
Province Wise Data Of Advances By Category Of Borrowers As on End Half Yearly Outstanding Position Held by the Banks (Amount in Million Rs.) Province / Region Borrowers Jun 20 Dec 20 Jun 21 Dec 21 Overall (Including, Gilgitt, Azad Jammu & Kasmir, FATA) Foreign Constituents 1,977.8 2,420.4 2,846.0 3,546.5 Govt 878,558.8 821,531.5 995,216.0 979,649.0 NFPSEs 1,160,167.8 1,138,214.2 1,104,543.4 1,235,075.0 NBFI’s 101,329.7 114,591.5 124,534.1 154,012.9 Private Sector (Business) 5,126,151.9 5,362,494.8 5,559,655.7 6,412,266.2 Trust Fund 17,929.1 19,281.7 15,023.1 14,004.9 Personal 675,799.8 783,094.1 885,860.4 1,009,156.1 Others 1,547.9 1,887.1 3,142.9 2,635.6 Total 7,963,462.7 8,243,515.2 8,690,821.7 9,810,346.2 Punjab Foreign Constituents – – – 1.8…
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 ( July 06, 2022) Currency Symbol Buying Selling Australian Dollar AUD 140.52 141.77 Bahrain Dinar BHD 544.21 548.71 Canadian Dollar CAD 158.92 160.27 China Yuan CNY 30.54 30.79 Danish Krone DKK 28.68 29.03 Euro EUR 212.1 216.1 Hong Kong Dollar…
Japan stocks higher at close of trade; Nikkei 225 up 1.03pc Japan stock were higher after the close on Tuesday, as gains in the Gas & Water, Power and Mining sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.03 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2043 to 1447 and 298 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 5.82 percent to 22.99. Crude oil for August delivery was up 1.26 percent or 1.37 to $109.80 a barrel. Elsewhere in commodities trading,…
Stock Market Indexes Details Date Level Change This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 07/12/2022 1,975.86 -0.63% -0.05% -5.94% 0.89% -4.98% CSE [+] 07/12/2022 66.55 -0.58% -1.70% -6.18% 2.23% -3.07% PX [+] 07/12/2022 1,229.39 -0.18% -0.11% -6.53% 6.03% -13.79% OMXC20 [+] 07/12/2022 1,704.92 -0.05% 0.43% 2.41% -0.38% -8.53% EGX30 [+] 07/07/2022 8,764.25 1.09% -2.72% -12.78% -14.72% -26.65% OMX Tallinn [+] 07/13/2022 1,749.81 -0.01% -1.20% -2.83% 5.11% -12.50% OMX25 [+] 07/12/2022 4,584.66 0.66% -0.84% -3.24% -16.45% -17.72% GSE Ghana [+] 07/08/2022 2,538.53 0 -0.27% -0.49% -4.25% -8.99% HANG SENG [+] 07/12/2022 20,844.74 -1.32% -4.06% -4.41% -24.24% -10.91% BUX…
Consumer Price Index (CPI) In Countries Countries Date CPI Interannual (%) Accumulated since January (%) United States [+] May 2022 8.6 4.8 United Kingdom [+] May 2022 9.1 5.0 Germany [+] June 2022 7.6 5.7 France [+] June 2022 5.8 4.3 Japan [+] May 2022 2.4 1.7 Spain [+] June 2022 10.2 6.1 Italy [+] June 2022 8.0 5.5 Ireland [+] May 2022 7.8 4.3 Austria [+] May 2022 7.7 4.4 Australia [+] March 2022 5.1 2.1 Belgium [+] June 2022 9.7 5.4 Canada [+] May 2022 7.7 5.5 Switzerland [+] March 2022 2.4 1.4 China [+] May 2022 2.1…
Sri Lanka’s economy has ‘completely collapsed Sri Lanka’s economy has “completely collapsed,” Prime Minister Ranil Wickremesinghe said Wednesday, as the crisis-hit nation faces an increasingly dire situation that has left millions struggling with fuel, electricity and food shortages. “Our economy has faced a complete collapse,” Wickremesinghe told Sri Lanka’s Parliament, adding the government was seeking help from its global partners and the International Monetary Fund (IMF) to stabilize the economy. But Wickremesinghe warned the island nation of 22 million was “facing a far more serious situation” beyond the shortages. Sri Lanka is in the midst of its worst financial crisis…
Containers lost at sea increased 400pc in 2020 – 2021 According to figures from the World Shipping Council (WSC) 3,133 containers were lost overboard in the 2020 – 2021 period compared to 779 in the previous period, an increase of 400 percent. WSC noted the winter of 2020 – 2021 saw an unusually high number of weather-related incidents. The period included the high-profile incidents of the ONE Apus which lost 1,818 containers overboard in the transpacific in November 2020, and the Maersk Essen which lost 750 boxes overboard in January 2021. While losses overboard account for less than 0.001 percent…
Sugar surges. could it hurt Coca-Cola’s margins? Sugar is used in food, beverage, and biofuel production, and its importance in global trade gives it a strong position in the commodity futures market. The price of sugar has surged 17 percent since the beginning of January 2021. Brazil is a key sugarcane producer and exporter, and its lower production levels have recently affected sugar prices. In May, Brazilian mills reportedly had to cancel sugar export contracts as they shifted to ethanol production, seeking to capitalize on high energy prices. Brazil supplies half of the world’s sugar, producing 654.8 million tonnes of…
Unrealized Business Potential “Opportunity is where you find it,” not where it finds you. Luck, chance and catastrophe affect business as they do all human endeavors. But luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential. No matter how successfully a business organizes itself for the challenges and opportunities of the present, it will still be far below its optimum performance. Its potential is always greater than its realized actuality. Dangers and weaknesses indicate where to look for business potential. To convert them from problems into opportunities brings extraordinary…
No doubt, energy sector plays a major role in the economic development of a country. The recent decades witnessed a manifold rise in the demand for energy. As per the economic survey of Pakistan, the three principal drivers of increase in energy demand are the surge in economic activities, population growth and rapid technological transformation globally. The surge in commodity prices in 2021 and during the initial months of 2022 mainly lifted by the global economic rebound, enhanced growth prospects and conflict between Russia and Ukraine. According to the International Energy Agency (IEA), the economic recovery from the Covid-19 pandemic,…
Pakistan’s power sector confronts serious challenges in the form of institutional weaknesses, weak governance and financial sustainability. Despite having surplus supplies consumers are getting not only expensive electricity but sometimes have to face power outages due to inefficiencies in the power system. Inept corporate governance and unsustainable financial management in Pakistan’s power companies have led to a chronic shortfall between cash inflows and outflows famously known as circular debt. Presently Power sector’s circular debt ballooned to Rs 2.467 trillion or 3.8 percent of GDP and 5.6 percent of Pakistan’s total debt in the outgoing fiscal year, the Economic Survey for…
Pakistan: Fuel-Wise Installed Capacity Breakup July-April Fy2022 Detail Installed (MW) Percentage (%) Share Hydel 10,251 24.7 RLNG 9,884 23.8 RFO 5,958 14.3 COAL 5,332 12.8 Gas 3,536 8.5 Nuclear 3,647 8.8 Wind 1,985 4.8 Solar 600 1.4 Bagasse 364 0.9 Total 41,557 100.0% Share In Electricity Generation Detail (GWh) Percentage share FY2020(Jul-Apr) FY2021(Jul-Apr) FY2022(Jul-Apr) FY2020(Jul-Apr) FY2021(Jul-Apr) FY2022(July-April) Thermal 65,317 71,178 74,862 61.43 62.52 60.9 Hydel 30,136 31,730 29,181 28.34 27.87 23.7 Nuclear 8,101 8,218 15,182 7.62 7.22 12.4 Renewable 2,768 2,715 3,709 2.60 2.38 3.0 Total 106,322 113,842 122,934 100 100 100 The Electricity Generation is inclusive of K-Electric System.…
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 ( June 23, 2022) Currency Symbol Buying Selling Australian Dollar AUD 146.69 147.94 Bahrain Dinar BHD 555 559.5 Canadian Dollar CAD 163.59 164.94 China Yuan CNY 31.57 31.82 Danish Krone DKK 30.1 30.45 Euro EUR 217.5 220.5 Hong Kong Dollar…
Tech shares expected to lift Taiwan stock market The Taiwan stock market has moved lower in two straight sessions, tumbling almost 550 points or 3.7 percent along the way. The Taiwan Stock Exchange now rests just above the 15,175-point plateau although it’s due for support on Friday. The global forecast for the Asian markets is mixed to higher, with bargain hunting expected to lift the oversold bourses – particularly among the technology shares. The European markets were down and the U.S. bourses were up and the Asian markets are tipped to follow the latter lead. The TSE finished sharply lower…
World bank economist: Malaysia’s economy doing well The Malaysian economy is doing reasonably well in the face of global challenges, according to World Bank Group lead economist for Malaysia, Apurva Sanghi. Analysing Malaysia’s economy from three lenses – macro, meso, and micro – he said the World Bank is forecasting Malaysia’s economy to grow 5.5 percent this year. This, Apurva said, is higher than the global growth of 2.9 percent and regional growth of 4.4 percent “Malaysia is doing reasonably well, even with the impact of the pandemic compounded by the war in Ukraine, Chinese lockdowns, rising interest rates and…
Carbon taxes in the shipping industry—assessing Japan’s proposal There are growing calls for a carbon tax on shipping emissions. Jim Loftis, Ciara Ros and Tatiana Freeman of Vinson & Elkins look at the recent proposal from Japan for a global carbon tax, assess it in the context of the existing approaches in other jurisdictions and industries, and consider how those involved in the maritime industry need to prepare. The shipping industry currently accounts for 3 percent of global emissions, and according to certain estimates, if unchecked, shipping could account for as much as 20 percent of global emissions by 2050.…
Thailand rice production, exports to rise The La Niña weather phenomenon will provide plentiful precipitation and water supplies for rice farmers in Thailand, yielding 20 million tonnes of rice in marketing year 2022-23, a 2 percent increase over 2021-22, according to a Global Agricultural Information Network report from the US Department of Agriculture Foreign Agricultural Service (FAS). USDA’s FAS Bangkok Post is forecasting rice exports in 2022 at 8 million tonnes, up 31 percent from 6.1 million tonnes in 2021, due to larger exporter supplies. “The weakening of the Thai baht has made Thai rice export prices attractive and competitive,”…
Managing Cash in the New Venture There is an old banker’s rule of thumb according to which one assumes that bills will have to be paid sixty days earlier than expected and receivables will come in sixty days later. Entrepreneurs starting new ventures are rarely unmindful of money; on the contrary, they tend to be greedy. They therefore focus on profits. But this is the wrong focus for a new venture, or rather, it comes last rather than first. Cash flow, capital, and controls come much earlier. Without them, the profit figures are fiction – good for twelve to eighteen…
According to the Ministry of Pakistan, Government of Pakistan, agriculture sector during 2021-22 registered a remarkable growth of 4.40 percent and surpassed the target of 3.5 percent and previous year’s growth of 3.48 percent. The Experts identified that this growth is chiefly driven through high yields, attractive output prices and supportive government of Pakistan strategies, better availability of certified seeds, pesticides and agriculture credit. It is also important to note here, the crops sector outperformed and registered a growth of 6.58 percent during FY2022 against 5.96 percent previous year. At sub sectors level, important crops, other crops and cotton ginning…
According to the provisional statistics compiled through the Pakistan Bureau of Statistics (PBS), exports from Pakistan during April, 2022 amounted to Rs.534,514 million (provisional) as against Rs.498,845 million in March, 2022 and Rs.339,498 million during April, 2021 explaining a rise of 7.15 percent over March, 2022 and of 57.44 percent over April, 2021. In terms of US dollars the exports in April, 2022 were recorded $ 2,897 million (provisional) as against to $ 2,777 million in March, 2022 explaining a rise of 4.32 percent and by 30.61 percent as against to $ 2,218 million in April, 2021. Pakistan Exports Details…
Pakistan: Budget For The FY 2021-22 (Rs. in Billion) Resources Expenditure Tax Revenue (FBR) 5,829 A. Current 7,523 Interest Payments 3,060 Non-Tax Revenue 2,080 Pension 480 Defence Services 1,370 a) Gross Revenue Receipts 7,909 Grants and Transfers toProvinces & Others 1,168 b) Less Provincial Share 3,412 Subsidies 682 I. Net Revenue Receipts (a-b) 4,497 Running of Civil Govt. 479 II. Non Bank Borrowing (NSSs & Others) 1,241 Provision for Contingencies & Fund 25 III. Net External Receipts 1,246 Provision for Disaster / Emergency/ Covid 100 IV. Estimated Provincial Surplus 570 Provision for Pay & Pension 160 V. Bank Borrowing (T-Bills,…
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 (June 08, 2022) Currency Symbol Buying Selling Australian Dollar AUD 145.58 146.83 Bahrain Dinar BHD 536 540.5 Canadian Dollar CAD 160.89 162.24 China Yuan CNY 29.03 29.28 Danish Krone DKK 26 26.35 Euro EUR 214.5 216.5 Hong Kong Dollar HKD…