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…
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 (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…
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…