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…
Author: S. Kamal Hayder Kazmi
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…
Eurozone stocks drop before ECB update Eurozone stock markets fell at the open Thursday with all eyes on the outcome of the European Central Bank’s latest monetary policy meeting. Frankfurt’s DAX index dropped 0.6 percent to 14,359.69 points and the Paris CAC 40 lost 0.5 percent to 6,418.03. The euro steadied against the dollar and pound. The ECB is Thursday expected to announce the end date to its bond-buying stimulus, as concerns over the accelerating pace of inflation in the eurozone grip policymakers. The stop is a prelude to the ECB hiking interest rates for the first time in more…
India’s economy: torn between chaos, confusion and control India’s economy is facing major challenges and stress in the post covid world. Although there are apologists of the economy that carp on its revival, and there are some improvements to the economy, the general consensus is that India’s economy has not yet recovered to pre-covid levels. In fact, the RBI in a recent article stated that it could take India as long as 12 years to recover to its pre-covid levels of economic growth and stability. Combined with economic indicators that show unemployment at around 9 per, youth unemployment at over…
Navigating decarbonisation – contractual considerations With mounting global efforts to combat climate change, the shipping and offshore sectors are subject to ever-increasing scrutiny and regulatory intervention. Reed Smith shipping partner Nick Austin and associate Eleni Pilaviou highlight the significant challenges of decarbonisation for shipowners and operators. To meet IMO’s target of reducing carbon emissions by at least 50 percent by 2050, the Energy Efficiency Existing Ship index (‘EEXI’, which effectively measures emissions per cargo ton mile) and the Carbon Intensity Indicator (‘CII’, a rating from A to E for operational carbon intensity) will need to be regularly calculated and verified…
Iron ore price rises despite flat demand from steelmakers The iron ore price rose on Tuesday despite traders fretting about high prices squeezing steel mill margins after Chinese demand for the steelmaking ingredient spurred an earlier rally. Benchmark 62 percent Fe fines imported into Northern China rose 1.2 percent Tuesday morning, to $146.30 per tonne. The most-traded September iron ore contract on China’s Dalian Commodity Exchange ended daytime trading 0.6 percent lower at 928.50 yuan ($139.32) a tonne, after hitting a 10-week high on Monday. Top steel producer China’s moves to ease covid-19 restrictions added fuel to the rally, as…
Social Innovation: The Lab Without Wall Steinmetz’s technology-driven science is anathema to many academic scientists. Steinmetz’s innovation also led to the “lab without walls,” which is America’s specific, and major, contribution to very large scientific and technological programs. The first of these, conceived and managed by President Franklin D. Roosevelt’s former law partner, Basil O’Connor, was the National Foundation for Infantile Paralysis (March of Dimes), which tackled polio in the early 1930s. This project continued for more than twenty-five years and brought together in a planned, step-by-step effort a large number of scientists from half a dozen disciplines, in a…
The Experts in the World Bank recorded that the rising food and energy inflation in Pakistan is predicted to diminish the real purchasing power of households, disproportionately affecting poor and vulnerable households that spend a larger share of their budget on these items. According to the Pakistan Bureau of Statistics (PBS), the CPI inflation General, grew by 13.4 percent on year-on-year basis in April 2022 as against to a rise of 12.7 percent in the last month and 11.1 percent in April 2021. On month-on-month basis, it grew by 1.6 percent in April 2022 as against to rise of 0.8…
Developing countries face lower tax collection as compared to target amount due to inefficiencies in tax collection system. Due to some major problems like political backwardness, poor economic development, undefined taxation policies and inappropriate institutional capacity, Pakistan is still not successful to implement an efficient taxation system. Sources recorded that tax reform is a policy implementation through the government through which a few alterations are made to the tax system in order to overcome the loopholes and enhance the effectiveness of the tax administration in the country in order to generate higher revenues from taxes as compared to overall spending.…
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 ( May 25 2022) Currency Symbol Buying Selling Australian Dollar AUD 142.38 143.63 Bahrain Dinar BHD 534.83 539.33 Canadian Dollar CAD 154 156 China Yuan CNY 23.5 23.7 Danish Krone DKK 29.04 29.39 Euro EUR 213 216 Hong Kong Dollar…
France stocks higher at close of trade; cac 40 up 0.73pc France stocks were higher after the close on Wednesday, as gains in the Oil & Gas, Basic Materials and Utilities sectors led shares higher. At the close in Paris, the CAC 40 added 0.73 percent, while the SBF 120 index gained 0.73 percent. Rising stocks outnumbered declining ones on the Paris Stock Exchange by 284 to 240 and 109 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. Sensex up 503 pts Domestic…
Nepal’s financial sector doing well in post-pandemic economy The Two-year-long Covid-19 pandemic hammered the economy and pushed many companies to the edge of bankruptcy, but Nepal’s financial sector has rebounded quickly and remained sound and resilient, the latest central bank report says. According to the Financial Stability Report released on Thursday by Nepal Rastra Bank, profitability of the banking sector rose by 21.01 percent to Rs71.30 billion in the last fiscal year ended mid-July 2021. In the previous fiscal year, profitability had declined by 20.61 percent. Net profits of commercial banks grew by 16.60 percent to Rs63.37 billion in the…
Carbon capture could be of interest to the maritime industry The nascent industry of carbon storage and utilization could be of interest to shipping, when it comes to its decarbonization effots. In its latest weekly report, shipbroker noted that “we have seen India and Pakistan suffering the last days from extreme spring heatwaves. It is, indeed, a wake-up call to the international as well as the shipping community. Extreme climate events are going to continue and will only increase in rate and intensity unless immediate actions occur. The Intergovernmental Panel on Climate Change (IPCC) presented four scenarios for reducing the…
CS Brazil H1 may sugar production expected to drop 30pc on year Sugar production in the key Center-South Brazil region is expected to total 1,67 million mt in the first half of May, a decrease of 30.1 percent on the year, an S&P Global Commodity Insights survey of 11 analysts showed May 20. Of the analysts surveyed, the cane crush estimate ranged from 33.3 million mt to 38.5 million mt. The average estimate was for a total cane crush of 35.6 million mt, a 14.1 percent drop on the year. Weather in the Center-South was favorable for crushing during H1…
Tunnel-Vision Innovation Often a prescription drug designed for a specific ailment sometimes ends up being used for some other quite different ailment. When a new venture does succeed, more often than not it is in a market other than the one it was originally intended to serve, with products or services not quite those with which it had set out, bought in large part by customers it did not even think of when it started, and used for a host of purposes besides the ones for which the products were first designed. If a new venture does not anticipate this,…
International experts recorded that the global insurance market operates in the larger macroeconomic environment and is subject to an environment where interest rates remain low over the long term. Such a low-for-long environment may not only directly hurt the profitability and solvency of insurers, but also raise the probability of a reassessment of risk premia (spreads), resulting in an abrupt spike in interest rates. The interest rate risk to which an insurer is exposed is connected to its asset-liability mismatch risk, mainly in companies offering long-term guaranteed rates on their products. The impact on the insurance industry was noticeable: in…
Analysis of economic survey of Pakistan FY 2021 showed that the economy of Pakistan rebounded strongly in FY2021 and recorded growth of 3.94 percent which is not only substantially higher than the previous two years (-0.47 and 2.08 percent in FY2020 and FY2019 respectively) but also surpassed the target (2.1 percent for FY2021). Despite strict fiscal constraints, the economists of Pakistan also recorded that timely and appropriate policy initiatives taken through the government resulted in a V-Shaped economic recovery. Start of 2021, amid worldwide vaccination campaigns, the global economy started showing healthy signs of recovery, however, third wave of the…
Top 10 Costliest World Natural Disasters By Insured Losses, 2021 (US$ billions) Rank Date Country/region Event Insured loss 1 Aug. 27-Sep. 2 U.S., Caribbean Hurricane Ida $36.00 2 Feb. 2-20 U.S., Mexico Winter weather (freeze) 15 3 Jul. 12-18 Western and Central Europe Flooding 13 4 Jan. 1-Dec. 31 U.S. Drought 4.3 5 Dec. 10-12 U.S. Severe weather (3) 4 6 Jun. 17-25 Western and Central Europe Severe weather (3) 3.5 7 Apr. 27-May 2 U.S. Severe weather (3) 2.6 8 Feb. 2-13 Japan Fukushima Earthquake 2.5 9 Jun. 1-Sep. 30 China Season floods 2.1 10 Dec. 30-31 U.S. Marshall…
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 (as on May 10 2022) Currency Symbol Buying Selling Australian Dollar AUD 132.5 134.5 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 142.5 144.5 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 197 199 Hong Kong…
Tech shares likely to spur Taiwan stock market The Taiwan stock market on Tuesday ended the two-day slide in which it had plunged almost 650 points or 4 percent. The Taiwan Stock Exchange now sits just above the 16,060-point plateau and it may add to its winnings on Wednesday. The global forecast for the Asian markets is mostly higher, with bargain hunting limited by concerns about economic growth and interest rates. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to split the difference. The TSE finished slightly higher on Tuesday following gains…
China’s central bank pledges to step up policy support for slowing economy China’s central bank said it would step up support for the slowing economy, while closely watching domestic inflation and monitoring policy adjustments by developed economies. The People’s Bank of China (PBOC) will keep liquidity reasonably ample, prioritise stability and take steps to boost confidence, the bank said in its first-quarter monetary policy implementation report. “Recently, the COVID-19 and the Ukraine crisis have led to increased risks and challenges, and the complexity, severity and uncertainty of China’s economic development environment have increased,” the central bank said. But China still…
Ship repairs proving costlier and more difficult scheduling-wise Performing scheduled maintenance or ship repairs is proving to be yet another challenge these days, in the aftermath of the war in Ukraine. In its latest weekly report, shipbroker said that “while observing the ship repair market since the beginning of the year, uncertainty remains part of the daily challenges owners must encounter for repairing their fleet. Nowadays not only the ongoing unprecedented effect of the pandemic is heavily affecting the ship repair market but also the shock of the long-lasting war between Russia and Ukraine”. According to the shipbroker’s specialized department,…
CS Brazil H2 April sugar production expected to drop 50pc on year Sugar production in the key Center-South Brazil region is expected to total 769,400 mt in the second half of April, a decrease of 49.5 percent year on year, an S&P Global Commodity Insights survey of 10 analysts showed May 9. “Expectations are running high that the cane crush should be the lowest since 2012 for the fortnight,” according to S&P Global. Of the 10 analysts surveyed, two large trading houses estimated the total cane crush would be between 20.0 million mt and 25.0 million mt. The average estimate…
Managing the New Venture Every new project is an infant and infants belong in the nursery. Innovative efforts, especially those aimed at developing new businesses, products, or services, should normally report directly to the “executive in charge of innovation.” They should never report to line managers charged with responsibility for ongoing operations. Unfortunately, this is a common error. The new project is an infant and will remain one for the foreseeable future, and infants belong in the nursery. The “adults,” that is, the executives in charge of existing businesses or products, will have neither time nor understanding for the infant…
Analysis of Islamic banking in Pakistan report released by the State Bank of Pakistan (SBP) identified that the Islamic Banking Industry (IBI) has been playing a significant role in the implementation of various initiatives taken in the wake of Covid-19 pandemic and several other key measures to promote financing for low cost housing and SMEs and digitization. During the Covid-19 pandemic, State Bank of Pakistan (SBP) introduced Temporary Economic Refinancing Facility (TERF), a concessionary refinance facility aimed at promoting investment both new and expansion and/or Balancing, Modernization and Replacement (BMR). In the disbursement of financing under TERF, the IBI also…
In Pakistan, high food inflation is still under control during the ongoing holy month of Ramazan, rendering the prices of fruits and vegetables beyond the purchasing power of the ordinary people in the country. In March the inflation rate picked up pace and jumped to 12.7 percent amid a significant rise in prices of perishable food items both in urban and rural regions. The Pakistan Bureau of Statistics (PBS) recorded that the Consumer Price Index (CPI) grew to 12.7 percent in March over the corresponding month a year ago. The national data collecting agency recorded a 33.63 percent increase in…
Sector Wise Islamic Financing In Pakistan (Share in %) Sector Dec-20 Sep-21 Dec-21 Overall Banking Industry Chemical & pharmaceuticals 4.4 3.7 3.9 3.4 Agribusiness 9.0 11.5 13.9 8.5 Textile 14.9 15.1 16.2 16.4 Cement 3.6 3.1 2.7 2.0 Sugar 2.7 1.8 2.4 2.3 Shoes and leather garments 0.5 0.5 0.4 0.4 Automobile & transportation equipment 1.3 1.2 1.3 1.8 Financial 0.3 0.2 0.2 3.1 Insurance 0.0 0.0 0.0 0.1 Electronics & electrical appliances 0.9 1.1 1.2 1.4 Production & transmission of energy 14.0 12.1 11.0 13.9 Individuals 10.2 11.6 11.2 9.8 Others 38.4 38.2 35.5 36.9 Total 100.0 100.0 100.0…
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 (April 14, 2022) Currency Symbol Buying Selling Australian Dollar AUD 133 135 Bahrain Dinar BHD 386.6 388.6 Canadian Dollar CAD 141 143 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 193.5 195.5 Hong Kong Dollar HKD…
Canada stocks-resource shares lift Toronto index higher Canada’s main stock index rose on Monday as higher commodity prices bolstered the energy and materials sectors, although concerns around rising U.S. bond yields kept sentiment in check. At 9:39 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 54.39 points, or 0.25 percent, at 21,910.09. Meanwhile, U.S. stocks inched lower at open as Treasury yields continued to rise on expectations of a tighter monetary policy. The energy sector was up 1.2 percent, supported by higher oil prices as outages in Libya deepened concern over tight global supply and the Ukraine…
Tokyo: wars slows economy, delays recovery Japan’s economy is also beginning to feel the effects of the hardships caused by the Russian invasion of Ukraine. Recovery after the sharp contraction of 2020 is therefore further delayed due to the uncertainties of the international context, but other factors are also weighing heavily. The first sign of concern came last week, when the International Monetary Fund published its own report in which expected growth for the current year was downgraded from 3.3 percent to 2.4 percent. The document went on to indicate that consumption would drive the recovery but also pointed out…
Industry partnerships key to decarbonizing the commodity value chain The COP26 summit in Glasgow in November highlighted the increasing pressure for all industries, including the shipping industry, to decarbonize. The challenge for the Australian petroleum industry and other major users of deep-sea shipping will be to start preparation, and to find the most cost effective and low-risk ways to reduce emissions with seaborne logistics The Call to Action for Shipping Decarbonization at the COP26 was developed by a multi-stakeholder taskforce stressing that full decarbonization of international shipping is both urgent and achievable, calling on governments to work together with the…
Scientists discover a new form of pesticide that neutralises pathogens attacking rice Rice is one of the most important staple foods globally, providing one fifth of the calories consumed by humans. However, the major areas where rice are grown are blighted by pathogens – organisms that cause disease. To date, this problem has been treated with the use of chemical pesticides that typically target the plant-pathogenic fungi. But, with none of these treatments wholly effective, and many considered unfriendly to the environment, researchers have been seeking alternative solutions. In a study published in the KeAi journal Fundamental Research, a group…
Diversification Shoemaker, stick to your last!” The old cliché is still sound advice. The less diverse a business, the more manageable it is. Simplicity makes for clarity. People can understand their own job and see its relationship to results and to the performance of the whole. Efforts will tend to be concentrated. Expectations can be defined, and results can easily be appraised and measured. The less complex a business is, the fewer things can go wrong. And the more complex a business is, the more difficult it is to figure out what went wrong and to take the right remedial…
Since its inception, experts recorded that Benazir Income Support Programme (BISP), one of the 34 executing agencies of Ehsaas has managed to disburse an amount of Rs 1,112.20 billion by unconditional and conditional cash transfer grants. Social protection signifies the capacity of a society to meet the basic human needs of its citizens, establish the building blocks that allow citizens and communities to enhance the quality of their lives on sustainable basis and create the conditions for all individuals to attain their full potential. Social protection can help build the resilience of the poor and vulnerable segments by supporting them…
According to UNDP’s Human Development Report 2020, Pakistan’s HDI value for 2019 stayed at 0.557, which put the country in the ‘medium’ category. Statistics showed that Pakistan ranked at 154 out of 189 countries in the index based on Health (life expectancy at birth), Education (expected years of schooling) and Gross National Income (GNI) per capita. Between 1990-2019, Pakistan’s HDI value grew from 0.402 to 0.557, a rise of 38.6 percent which is considerably less than the rise attained through Bangladesh (59 percent) and India (52 percent). Pakistan’s life expectancy at birth grew by 7.2 years, mean years of schooling…
Pakistan: micro credit beneficiaries, outstanding loans portfolio and loan disbursement as of Dec. 2020 MFP Active Borrowers Outstanding Loans Portfolio (Rs) Number of Loans Disbursed Disbursements (Rs) Total for Pakistan MF sector 7,005,885 324,155,425,831 10,732,090 371,030,958,187 MFBs Apna Microfinance Bank 84,397 10,504,573,724 461,631 52,454,200,171 Advans Pakistan 8,517 1,074,437,207 4,436 845,345,342 FINCA Microfinance Bank 225,288 21,550,509,640 128,790 15,557,445,695 First Microfinance Bank Limited 571,125 42,583,434,872 351,102 31,216,585,579 Khushhali Bank 879,637 60,647,662,090 923,304 66,474,876,985 Mobilink Microfinance Bank 808,239 25,243,147,182 3,504,294 20,216,293,362 NRSP Bank 339,130 28,992,356,981 213,611 20,939,345,144 Pak Oman Microfinance Bank 56,061 2,519,259,822 36,015 2,862,826,100 Sindh Microfinance Bank 36,410 560,257,733 21,390 628,695,000 Telenor…
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 05, 2022) Currency Symbol Buying Selling Australian Dollar AUD 134.5 136.5 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 144 146 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 200 202 Hong Kong Dollar HKD…
Saudi Stock Exchange suspends shares trading of three companies The Saudi stock exchange, also known as Tadawul, has suspended the share trading of three companies for not issuing financial statements for 2021. The exchange suspended Saudi Cable Co. shares from the main market, according to a statement. It also suspended Obeikan Glass Co. and Advance International Company for Communication and Information Technology from the Nomu parallel market. The trading of these companies will be suspended from Sunday, April 03. Following one day’s suspension, the company’s trading in the exchange will be resumed on Monday. However, these companies should ensure to…
Singapore economy likely to grow in 2022 Singapore’s baseline assumption is that its economy is still able to grow this year, but adverse situations such as a recession or stagflation cannot be ruled out, owing to uncertainties arising from the deepening crisis in Ukraine, said Finance Minister Lawrence Wong on Tuesday (Mar 22). “It may well be that we can still continue to grow, which is still our assumption today, that our baseline assumption and projection is still that we are able to continue growing as an economy this year,” he told more than 3,000 business leaders and government officials…
Carbon neutral shipping – it all comes down to green hydrogen, and lots of it With decarbonisation much in the public eye, shipping is currently and perhaps belatedly trying to find the best pathway to carbon neutral fuels. Shipping greenhouse gas (GHG) emissions as a proportion of global GHG anthropogenic emissions increased from 2.76 percent in 2012 to 2.89 percent in 2018, according to the Fourth IMO GHG Study 2020. To put this into proportion, if shipping were a country it would rank as the sixth largest GHG emitter between Japan in fifth place and Germany, according to the World…
Brazil’s ethanol production premium surpasses 200 points over sugar A 7.8percent jump in Brazil’s Center-South hydrous ethanol price combined with a 6.8percent appreciation in the real against the dollar from March 10 to April 1 were the primary reasons for ethanol’s spike in production premium. NY11 May sugar futures posted a meager 1.4percent price rise over the same period. The ethanol production premium to sugar in Brazil moves closer to 240 points if decarbonization credits, CBIOs are added into the premium calculation. The CBIO, equivalent to 1 mt of carbon dioxide not released in the atmosphere, is an instrument issued…
Thales of Miletus, (born c. 624–620 BCE—died c. 548–545 BCE), philosopher renowned as one of the legendary Seven Wise Men, or Sophoi, of antiquity. He is remembered primarily for his cosmology based on water as the essence of all matter, with Earth a flat disk floating on a vast sea. The Greek historian Diogenes Laërtius (flourished 3rd century CE), quoting Apollodorus of Athens (flourished 140 BCE), placed the birth of Thales during the 35th Olympiad (apparently a transcription error; it should read the 39th Olympiad, c. 624 BCE) and his death in the 58th Olympiad (548–545 BCE) at the age…
According to the provisional figures released by the Pakistan Bureau of Statistics (PBS), the balance of trade in February 2022 was recorded (-)544,794 million in terms of Rupees and (-)3,087 million in US dollars. The balance of trade figures cumulative from July-February 2021–22 were (-)5,461,520 million in terms of Rupees and (-)31,946 million in US dollars. PBS also recorded that exports from Pakistan during February 2022 amounted to Rs. 497,602 million (provisional) as against to Rs. 460,856 million in January 2022 and Rs. 329,033 million during February 2021 explaining a rise of 7.97 percent over January 2022 and of 51.23…
The Experts in Pakistan recorded that for most commodity markets, 2020 was undeniably a turbulent year. The outbreak of the pandemic triggered a widespread worldwide shutdown of economic activity that depressed demand and disrupted supply chains for commodities in virtually all sectors counting energy, base metals and agricultural products. They also recorded that Bloomberg commodity Index hit an all-time low in April and the price of crude oil nosedived into negative territory for the first time ever. Pakistan: SPI (51 items) 2015-16=100 Expenditure Group (Quintile) SPI for week ended % Change Over 17-03-2022 10-03-22 18-03-21 10-03-22 18-03-21 Q1 (Upto Rs.…
Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Million Rupees) 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 4 )…
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 24, 2022) Currency Symbol Buying Selling Australian Dollar AUD 133 135 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 142 144 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 197.5 199.5 Hong Kong Dollar HKD…
Nikkei index extends rally to 9 days, longest win streak since 2019 Japan’s Nikkei stock index extended its winning streak to nine days on Friday, its longest rally since September 2019, as investors bought issues to secure rights for dividend payments. The 225-issue Nikkei Stock Average ended up 39.45 points, or 0.14 percent, from Thursday at 28,149.84. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 0.09 point, or 0.00 percent, lower at 1,981.47. Gainers were led by marine transportation, farm and fishery, and pharmaceutical issues. The U.S. dollar dropped to the upper 121…
Imran Khan Highlights Govt Main Initiatives AMID People Applause Prime Minister Imran Khan highlighted his Government major initiatives and achievements said Sehat Card plus Program, Kamyab Pakistan Program, Enegy Projects, Ehsas and Uniformed Education system was launched for socioeconomic empowerment of people and expediting pace of industrial and economic growth. Addressing a huge public gathering at Dargai, the Prime MinisterImran Khan said during the last three and half years of his Government, work on 10 dams projects were started in Pakistan, saying Mohmand Dam would be completed by 2025, Dasu dam by 2027 and Diamir Bhasha dam by 2028. Imran…
World economy faces supply hit as China battles covid again The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater disruption as China scrambles to contain its worst outbreak of COVID-19 since the pandemic began. Since Wuhan two years ago, China has had relative success in minimizing disruption by bringing virus cases quickly under control. Now, the geographic spread of infections and higher transmissibility of the omicron variant is challenging the country’s hawkish pandemic strategy of aggressive testing and locking down whole cities or provinces. If China fails to contain…
Shipping ton-mile demand increasing The current situation in the shipping markets has been favorable of increased ton-mile demand. However, the long-term implications of the Ukraine war are difficult to quantify at this stage. In its latest weekly report, shipbroker said that “for those looking for the historical reference to what’s going on in the markets right now, it looks as though we are now getting echoes of the 1970’2 oil shock. The connection may well be light and with several of the drivers being different, yet the essence seems to have unwittingly familiar effects. The 1973 oil shock drove the…
Iron ore price rises Iron ore prices climbed on Monday over concerns that a prolonged armed conflict between Russia and Ukraine could curb global supply. The most-traded May iron ore contract on China’s Dalian Commodity Exchange ended daytime trading 2.7 percent higher at 705.50 yuan ($111.82) a tonne. On the Singapore Exchange, iron ore’s most-active April contract rose as much as 3.3 percent to $141.25 a tonne. According to Fastmarkets MB, benchmark 62 percent Fe fines imported into Northern China were changing hands for $138.09 a tonne during morning trading, up 2.6 percent compared to Friday’s closing. Any prolonged military campaign…
Lawrence Edward Page is an American Computer Scientist and an internet entrepreneur who co-founded Google with Sergey Brin in 1998. Larry Page is the CEO of Google’s parent company Alphabet Inc. Born on March 26, 1973, in East Lansing, Michigan, his father was a Ph. D in Computer Science and a professor at Michigan State University and his mother an instructor in computer programming. A voracious reader in his youth, Page spent a lot of time poring over Science & Technology books and magazines. Page always liked to invent things and at the age of 12 knew that someday he was…
Industrialization plays a vital role in the economic development of countries as it raises career opportunities and ensures better utilization of local resources. The Government of Pakistan has been cognizant of the significance of industry amid recent health-cum-economic crisis and has taken proactive initiatives to promote and develop it. The Government is offering a series of subsidies for electricity and gas to export-oriented industries. Power price has been fixed at US$ 0.07/unit for July-August FY2021 and US$ 0.09/unit for September-June FY2021. Gas tariff fixed at US$ 0.065/mmbtu for the whole FY2021. Power Division has assigned Rs 20 billion subsidy for…
In Pakistan, the experts recorded that cement demand is closely connected to the overall economic growth, particular the infrastructure and housing sector. Pakistan’s Public Sector Development Projects (PSDP) allocation plays a significant role in driving the demand of cement. Government of Pakistan annual allocation of PSDP and utilization of the same plays a critical role on demand for cement. They also recorded that slowdown in economic activity in Pakistan affects cement demand on the back of slowdown in construction and development activities. Consequently, the industry remains exposed to high cyclicality risk. The Government of Pakistan focused initiatives on housing and…
Cement Production Capacity & Dispatches In Pakistan (Million Tonnes) Years Production Capacity Capacity Utilization (%) Local Dispatches Exports Total Dispatches 2006-07 30.50 79.23 21.03 3.23 24.26 2007-08 37.68 80.14 22.58 7.72 30.30 2008-09 42.28 74.05 20.33 10.98 31.31 2009-10 45.34 75.46 23.57 10.65 34.22 2010-11 42.37 74.17 22.00 9.43 31.43 2011-12 44.64 72.83 23.95 8.57 32.52 2012-13 44.64 74.89 25.06 8.37 33.43 2013-14 44.64 76.79 26.15 8.14 34.28 2014-15 45.62 77.60 28.20 7.20 35.40 2015-16 45.62 85.21 33.00 5.87 38.87 2016-17 46.39 86.90 35.65 4.66 40.32 2017-18 48.66 94.31 41.15 4.75 45.89 2018-19 59.74 78.48 40.34 6.54 46.88 2019-20 63.63…
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, 2022) Currency Symbol Buying Selling Australian Dollar AUD 128 129.5 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 138.5 140.5 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 193 195 Hong Kong Dollar HKD…
CAC 40 up 7.13 pc France stock were higher after the close on Wednesday, as gains in the Oil & Gas, Technology and Gas & Water sectors led shares higher. At the close in Paris, the CAC 40 rose 7.13 percent, while the SBF 120 index added 7.07 percent. The best performers of the session on the CAC 40 were Veolia Environment VE SA which rose 12.26 percent or 3.15 points to trade at 28.84 at the close. Meanwhile, Stellantis NV added 11.90 percent or 1.54 points to end at 14.50 and Societe Generale SA was up 11.53 percent or…
PM Imran introduces Ehsaas Rashan Riayat initiative According to UNDP Human Development Report 2020, Pakistan’s HDI value for 2019 stayed at 0.557 which put the country in the ‘Medium’ category. Pakistan ranked at 154 out of 189 countries in the index based on Health (life expectancy at birth), Education (Expected years of schooling) and Gross National Income (GNI) per capita. Between 1990-2019, Pakistan’s HDI value grew from 0.402 to 0.557, a rise of 38.6 percent which is considerably less than the increase attained by Bangladesh (59 percent) and India (52 percent). Pakistan’s life expectancy at birth grew by 7.2 years,…