Matthew Boulton was a pioneer in manufacturing, he was far from wealthy; his father was a toy maker at the time of his birth. Matthew attended a local school and upon leaving; he joined his father’s business. At the age of 21yrs Matthew married Mary Robinson the daughter of a wealthy Mercer (Mercer; a silk, linen and fustian textile merchant). Eventually he took charge of his father’s business (1757) When his father died, he later gained interest in precious metals; leaving behind the toy trade altogether. With a new trade under his belt Matthew then travelled throughout the United Kingdom,…
Author: S. Kamal Hayder Kazmi
In all countries and a major source of income, jobs and wealth creation, No doubt tourism is recognized as one of the chief key sectors of development in Pakistan. As it plays a wider role in enhancing the image and international perception of a country. Our country has identified sustainable tourism as a key driver of economic growth which is consistent with the Sustainable Development Goals (SDGs). Presently it is said that Pakistan’s tourism sector registered huge growth under present time but the need for protecting the environment increased manifold in order to save nature. Moreover, Pakistan’s scenic destinations offered…
The foreign exchange reserves is a part of a country’s assets or monies having in reserve by the central bank. It is a creditor’s right held by every country’s government in foreign currency, and also an asset held by a country’s monetary authority that can be exchanged for foreign currency at any time. Together with gold reserve, special drawing right and money that a country can utilize at any time in the International Monetary Fund (IMF), it constitutes the country’s reserve assets. In a narrow sense, foreign exchange reserve is a significant part of a country’s economic strength, which is…
Hotels In Pakistan Shelton’s Rezidor Lahore Islamabad Regalia Hotels Hotel Reego, Skardu Avari Xpress Gulberg Pearl Continental Hotel Rawalpindi Islamabad Marriott Hotel Star Gaze Hotel & Apartments Islamabad Serena Hotel Pearl Continental Lahore Pearl Continental Hotel Karachi Ramada by Wyndham Islamabad Grand Millennium Hotels Lahore Continental Hotels Quick Continental Hotel Avari Hotel Lahore Hotel Pak Heritage Hotel Mehran Karachi Hotel One Mall Road Murree Regent Plaza – Hotel Karachi Marriott Hotel Carlton Hotel Mövenpick Hotel Karachi Ramada Plaza Karachi Shangrila Resort Hotel Murree Hills Avari Towers Karachi Beach Luxury Hotel [divider style=”normal” top=”20″ bottom=”20″] The 2021 Covid-19 Airport Excellence Awards…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Jan 07, 2022) Currency Symbol Buying Selling Australian Dollar AUD 125 126.25 Bahrain Dinar BHD 386.85 388.6 Canadian Dollar CAD 136.75 138.25 China Yuan CNY 23.5 23.9 Danish Krone DKK 23.5 23.8 Euro EUR 199 201 Hong Kong Dollar…
Taiwan stock market tipped to open under pressure The Taiwan stock market on Wednesday ended the two-day winning streak in which it had climbed more than 300 points or 1.6 percent. The Taiwan Stock Exchange now sits just beneath the 18,500-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets is soft on concerns over the outlook for interest rates, especially among the tech shares. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead. The TSE finished slightly lower on Wednesday following…
All are equal in rule of law: Imran Khan Prime Minister Imran Khan presently urged the government of Pakistan firmly believed in the rule of law and stressed that law should be applied equally to the elite and ordinary citizens. PM was talking to a delegation of Insaf Lawyers Forum (ILF) that called on him. During the meeting, issues pertaining to the ILF were discussed. Also Prime Minister Imran Khan, highlighting the significance of increased forestation and conservation of ecosystem in tackling the problems of climate change, said the nation to play its role in protecting Pakistan’s environment for future…
84PC of firms in Japan see economic growth in 2022 About 84 percent of major companies in Japan expect the country’s economy to grow in 2022, driven by recovering personal consumption amid hopes that the coronavirus pandemic will subside, a Kyodo News survey showed Sunday. In the survey of 106 companies, including Toyota Motor Corp. and SoftBank Group Corp., 13 firms predicted the economy will be flat as people remain cautious about the pandemic. But none of the firms said it will contract. Of the surveyed companies, 84 expect growth to be moderate in the year ahead, while five see…
5 alternative container ports for avoiding congestion The Los Angeles-Long Beach ports complex was the poster child for supply chain gridlock in 2021, with dozens of vessels scattered for miles off the coast waiting for a berth and piles of containers bringing landside cargo flow to a crawl. Vessels are taking five days or more to unload, and importers and exporters are experiencing extensive delays to secure containers and the chassis to transport them. Major ports such as Oakland, California; Seattle-Tacoma; New York-New Jersey; Savannah, Georgia; Charleston, South Carolina; Houston; and Vancouver, British Columbia, have all experienced varying degrees of…
Iron ore futures rise in rangebound trade Iron ore futures edged higher on Wednesday but were stuck in a narrow trading range, as restocking demand propelled spot prices in China to the highest in more than a week despite renewed steel production controls in Tangshan city. The most-traded iron ore for May delivery on China’s Dalian Commodity Exchange rose 0.5percent to 683 yuan ($107.19) a tonne, after earlier hitting 696.50 yuan, its strongest since Dec. 27. The steelmaking ingredient’s most-active February contract on the Singapore Exchange was virtually flat at $122.30 a tonne. The spot price of benchmark 62percent-grade iron…
Sarah Lewis: near win is so significant for long-term success Over the years, it is said that leaders as well as motivational speakers have been sharing great ideas and capturing the human imagination. No doubt, every speaker has in one way or another influenced us to visualize a better future. But there are some speakers who have entirely change the way we see the world. These are the ones who have inspired us the most. Sarah Lewis: embrace the near win When you don’t perfectly complete a project, it can feel as though you have failed. However, near wins are…
Analysis of Economic survey of Pakistan showed in Pakistan transport has an indispensable role in economic activity. With no physical access to resources and markets, economic growth and development would not be possible. An effective transport system is, therefore, a fundamental element in enabling sustainable economic development as it assists in promoting the use of natural resources, mobility of labor force and increasing agricultural and industrial production. It is also noted that transport is also necessary for offering access to supply chains and basic public services like health and education. Removal of physical and non-physical barriers to effective transportation, therefore,…
According to the economic survey of Pakistan, economy of Pakistan rebounded strongly in FY2021 and recorded growth of 3.94 percent which is not only substantially higher than the last 2-year but also surpassed the target (2.1 percent for FY2021). Despite strict fiscal constraints, timely and appropriate strategy measures taken through the present government of Pakistan resulted in a V-Shaped economic recovery. Furthermore, in the annual report titled ‘State of Pakistan’s Economy’ — which reviewed FY2021 — the central bank analyzed that the expansion in economic activity was accompanied through a 10-year low current account balance that contributed to a significant…
Pakistan: No Poverty By 2030 Indicator Description Baseline Value/Year Latest Achievements Target 2030 1.1.1 Proportion of population below the international poverty line, by sex, age, employment status and geographical location (urban/ rural) 3.90%(2014-15) – – 1.2.1 Proportion of population living below the national poverty line, by sex and age Overall=29.5% Urban=18.2%, Rural=35.6%(2013-14) Overall=24.3% Urban=12.5%, Rural=30.7%(2015-16) 9.00% 1.2.2 Proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions Overall=38.8% Urban=9.4%,Rural=54.6% (2014-15) – 19.00% [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Agriculture Growth In Pakistan (Base=2005-06) (%) Sector FY2017 FY2018 FY2019…
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 (Dec 24, 2021) Currency Symbol Buying Selling Australian Dollar AUD 126.5 127.75 Bahrain Dinar BHD 386.85 388.6 Canadian Dollar CAD 137 138.5 China Yuan CNY 23.5 23.9 Danish Krone DKK 23.5 23.8 Euro EUR 200.5 202 Hong Kong Dollar HKD…
Canada stocks-Toronto market climbs to 4-week high Canada’s main stock index rose for a third day on Thursday, as optimism that the Omicron variant of the coronavirus was less severe than feared bolstered commodity prices and data showed that the domestic economy likely grew in November. The Toronto Stock Exchange’s S&P/TSX composite index ended up 148.88 points, or 0.7 percent, at 21,218.93, adding to gains on Tuesday and Wednesday and its highest closing level since Nov. 25. Wall Street’s main indexes also rose after more encouraging developments about the impact of the Omicron variant. [divider style=”normal” top=”20″ bottom=”20″] Saudi bourse’s…
Saudi Foreign Minister meets Pakistani PM Imran Khan Sources recorded that the years 2020 and 2021 are especially marked by the outbreak and evolvement of the COVID-19 pandemic. This was in the first place a humanitarian crisis. According to the Corona Virus Resource Centre of the Johns Hopkins University by the end of May 2021 nearly 167.5 million people have been infected and nearly 3.5 million corona-related deaths were registered globally. Worldwide Government took measures to protect peoples’ lives, involving complete or partial lockdowns of economic activities and restrictions on movements. But these necessary measures also brought economic pains. Measured…
World Bank, HSBC positive about Vietnam’s economy Vietnam’s economy should get back to a gross domestic product (GDP) growth of 6.8 percent next year, driven by a return of strong foreign direct investment (FDI), primarily in manufacturing, according to Tim Evans, chief executive officer (CEO) of HSBC Vietnam. The country’s economic conditions continued to improve, with both industrial production and retail sales registering a third month of growth, the World Bank recently said. The GDP growth would benefit the country’s exports, especially as free trade agreements that have been signed over the past two years start to bear fruit, Evans…
Baltic index falls as capesizes hit lowest in seven months The Baltic Exchange’s dry bulk sea freight index declined on Wednesday, pressured by lower rates across the capesize vessel segment, recording its lowest level since June. The overall index, which factors in rates for capesize, panamax and supramax vessels, lost 65 points, or 2.8 percent, to 2,229, its lowest since April 14. Rates for the vessels have further eroded into the current week ahead of the holidays, shipbroker Intermodal said in a weekly note dated Tuesday. The capesize index fell 208 points, or 7.8 percent, to its lowest since June…
How to protect our paddy farmers Farmers’ cry after failing to cut a profit in every harvest season has become a routine headline for Bangladeshi newspapers. At the same time, people are struggling to afford a sufficient amount of rice throughout the country. These two facts paint quite a contradictory picture of the rice supply chain and a discrepancy between harvesting and household consumption. Bangladesh has become self-sufficient in terms of rice production. It produces almost 35.8 million tonnes of rice every year. Despite steady supply, the rice prices tend to fluctuate casually and unnaturally. [divider style=”normal” top=”20″ bottom=”20″] U.S.…
MUHAMMAD ALI JINNAH was a barrister, politician and the founder of Pakistan. Jinnah served as the leader of the All-India Muslim League from 1913 until the inception of Pakistan on 14 August 1947, and then as the Dominion of Pakistan’s first governor-general until his death. He is revered in Pakistan as the Quaid-i-Azam (“Great Leader”) and Baba-i-Qaum (“Father of the Nation”). His birthday is observed as a national holiday in Pakistan. Born at Wazir Mansion in Karachi, he was trained as a barrister at Lincoln’s Inn in London, England. Upon his return to British India, he enrolled at the Bombay…
International researchers identified that the foreign aid is a significant source of income in developing states and carries potential to play a main role in enhancing economic growth. The traditional literature on economic growth emphasizes the optimistic role of foreign aid in the process of economic development. It influences the process of growth through reducing the saving-investment gap, growing productivity and transferring the modern technology. However, few economists recorded the advantages of foreign capital inflows are of temporary nature. It is also identified that the impact of foreign aid on economic development has always been a controversial issue. During 1950s,…
According to the statistics published in Pakistan Economic Survey, socio-economic factors such as health, education, income, employment etc., are closely interlinked with Human Development Indicators (HDI). Pakistan has recorded improvement in health indicators over the previous 3-year. Life expectancy is grown from 66.9 years in 2017 to 67.3 years in 2019, but is still behind in the region. The infant mortality rate, maternal mortality and population growth rate have been declined during the previous 3-year. Health Indicators Of Pakistan Details 2015 2019 Maternal mortality Ratio (per 100,000 births) 276 (2006) 189 Neonatal mortality rate (per 1,000 live births) 45.2 41.2…
Future CPEC Projects Sr. # Name of Project Cost(Rs million) Length(Kms) 1 Dualization of Yarik – Sagu – Zhob including Zhob Bypass Western Route 76,486.23 210 2 Zhob to Kuchlak Road CPEC Western Corridor 63,081.00 305 3 Sukkur-Hyderabad Motorway (M-6) 165,679.20 306 4 Gilgit-Shandor-Chitral Road Project (alternate route to KKH under CPEC) – 369 5 Construction of Hoshab- Awaran Section of M-8 (146 km) 25,835.89 146 6 Construction of Awaran – Naal Section of M-8 (168 Km) 32,504 168 7 KKH Thakot-Raikot Section (realignment) – 250 8 Mangla – Mirpur – Muzaffarabad – Mansehra 310,578 200.45 Source: National Highway Authority…
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 (Dec 10, 2021) Currency Symbol Buying Selling Australian Dollar AUD 125 126.5 Bahrain Dinar BHD 386.85 388.6 Canadian Dollar CAD 139.5 141 China Yuan CNY 23.5 23.9 Danish Krone DKK 23.5 23.8 Euro EUR 200.5 202.5 Hong Kong Dollar HKD…
GCC stock markets expected to witness flurry of IPOs The Gulf stock markets are expected to have another busy year of initial public offerings in 2022 with Saudi Arabia’s bourse said to be currently reviewing 50 IPO requests. “We expect Tadawul and ADX to be very busy. The major difference in 2022 is that the Dubai financial market will be busy too,” Reuters quoted Christian Cabanne, Bank of America’s head of equity capital markets for Central and Eastern Europe, Middle East and Africa, as saying. Saudi Arabia’s stock exchange is also considering whether to allow blank-check companies, known as SPACs,…
Prime Minister Imran unveils Naya Pakistan Card initiative Presently Imran Khan formally launched the Naya Pakistan Card initiative, bringing mega welfare programmes of the government of Pakistan covering health, education, food and agriculture sectors under one umbrella. With the launch of Naya Pakistan Card, which covers Ehsaas Ration Programme based on a food subsidy package for low-income families, Kisan Card, Sehat Card and scholarships for students, beneficiaries of many initiatives can avail all services on the same card. According to the statistics, economy of Pakistan rebounded strongly in FY2021 and recorded growth of 3.94 percent which is not only substantially…
China’s indebted property sector China’s economy has become heavily dependent on property development over the last decade. High-rise apartments have mushroomed across hundreds of cities to house a growing white-collar workforce, while glass and steel office blocks are dominating city centres, mimicking Shanghai’s glittering skyline. Valued at more than $50tn after 20 years of rapid growth, Chinese real estate is worth twice as much as the US property market and four times China’s annual income. George Magnus, an associate at Oxford University’s China Centre, says this real estate market ranks as the most important single commercial sector in the world.…
Covid-era shipping stocks: the (super) good, the bad and the ugly Shipping stocks have never been for the faint of heart, and they’ve been on a particularly wild ride in the COVID era. There have been steep plunges and historic surges along the way, with unexpected twists and turns. What could be around the corner? U.S.-listed equities in the three main segments — tankers, containers and dry bulk — are following different patterns. To put these shipping stock moves in context, from the onset of COVID until Thursday, American Shipper spoke in depth with Evercore ISI analyst Jon Chappell and…
$14m grant to adapt West African rice production to climate The Climate Resilient Farming Systems program at Cornell is playing a key role in an initiative to make rice more resilient to climate change and increase production of the staple crop for smallholder rice farmers across 13 West African countries, thanks to a four-year, $14 million grant from the Adaptation Fund. The Scaling up Climate Resilient Rice Production in West Africa (RICOWAS) project’s goal is to apply principles of the novel Climate-Resilient Rice Production (CRRP) approach, in order to increase rice productivity, create rice self-sufficiency, and adapt to climate change…
To succeed in business presently, experts say that you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Feedback: Key to Continuous Learning Whenever…
Sources recorded that Pakistan, greater than 70 percent of the road users do not have even basic ethics while they are on road. Particularly bike riders, rickshaw and chingchi drivers do not even stop when the lights are red and even car drivers sometimes drive carefully. The condition is getting bad with every passing day as population is growing and more people are moving to metropolitan cities for education and career opportunities. People in Pakistan are running out of patience while driving, which is dangerous as over speeding, drivers do not pay attention who is coming behind them. Another thing…
International studies revealed that the integration of states into the global economy is often seen as a significant factor of the growing income and growth. International trade boosts the global economy and at the same time can become a significant driver of the country’s economic growth. International trade promotes efficient resource allocation, enables a country to realize economies of scale, facilitates knowledge diffusion, promotes technological progress, and fosters competition in domestic and international markets, leading to production processes optimization and new product development. In Pakistan, according to the present provisional statistics compiled through the Pakistan Bureau of Statistics (PBS), exports…
In Pakistan, consumer price inflation (CPI) General, grew by 9.2 percent on year-on-year (YoY) basis in October 2021 as against to a rise of 9.0 percent in the last month and 8.9 percent in October 2020. On month-on-month (MoM) basis, it rose by 1.9 percent in October 2021 as against to rise of 2.1 percent in the previous month and a rise of 1.7 percent in October 2020. The experts identified that CPI inflation Urban, grew by 9.6 percent on YoY basis in October 2021 as against to a rise of 9.1 percent in the previous month and 7.3 percent…
According to the Economic Survey of Pakistan, Pakistan’s economy rebounded strongly in FY2021 and recorded growth of 3.94 percent which is not only substantially higher than the previous 2-year (-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, economists in Pakistan recorded that timely and appropriate policy measures taken through the Government of Pakistan resulted in a V-Shaped economic recovery. Start of 2021, amid global vaccination campaigns, the worldwide economy started showing healthy signs of recovery; however, third wave of the pandemic tempered the pace of economic…
Strategically located in the heart of Asia, experts said that Pakistan is at the crossroads of the world, offering a locational advantage to investors with opportunities within and around the country. It is said that bordering emerging economies of the future, Pakistan offers competitive advantage at home and access to South East Asia, the Middle East, West Africa, and Europe through Central Asia. Pakistan has an open foreign investment regime. Protections afforded to foreign investors are no less than the treatment to national investors. Its present statistics show that the Foreign Direct Investment (FDI) of $662.1 million was recorded approximately…
Pakistan’s key experts recorded that the Islamic banking industry could play a vital role in eradicating poverty and inequality from Pakistan. A lot of work still is needed to educate the public about the difference between Islamic and conventional banking in Pakistan. In 2001, historically, Islamic banking was predicted to achieve 25 percent market share by 2021. No doubt, it is noted that Islamic banking was not only Riba-free, but it was also different from conventional banking. Pakistan: Mode Wise Financing (Share in Percent) Mode Jun-20 Mar-21 Jun-21 Murabaha 13.4 13.5 15.3 Ijarah 5.1 4.9 4.8 Musharakah 21.2 24.8 21.4…
Trade In Pakistan (Million US $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative Monthly Period to Period Monthly Period to Period Mar-21 2,611 18,704 19.9 2.3 5,412 37,535 20.4 10.0 -18,831 Apr-21 2,304 21,008 -11.8 6.6 4,998 42,533 -7.6 14.1 -21,525 May-21 2,130 23,138 -7.6 10.4 4,955 47,488 -0.9 18.5 -24,350 Jun-21 2,492 25,630 17.0 13.7 6,330 53,818 27.7 23.3 -28,188 Jul-21 2,251 2,251 -9.7 19.4 5,399 5,399 -14.7 51.8 -3,148 Aug-21 2,348 4,599 4.3 35.3 5,998 11,397 11.1 67.7 -6,798 Sep-21 2,642 7,241 12.5 35.2 6,076 17,473 1.3 64.3 -10,232…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: currency rate as per open market (Nov 24, 2021) Currency Symbol Buying Selling Australian Dollar AUD 125 126.5 Bahrain Dinar BHD 386.75 388.5 Canadian Dollar CAD 136 138 China Yuan CNY 23.75 23.9 Danish Krone DKK 23.45 23.75 Euro EUR 194.5 197 Hong Kong Dollar HKD…
Tech shares probable to weigh on Taiwan stock market The Taiwan stock market has finished lower in three straight sessions, sinking almost 180 points or 1 percent along the way. The Taiwan Stock Exchange now sits just above the 17,660-point plateau and it may take further damage on Wednesday. The global forecast for the Asian markets is mixed, with support from oil and financial stocks likely to be undercut by weakness from technology shares. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to follow the latter lead. The TSE finished modestly lower…
Imran launches portal for overseas Pakistanis to get power of attorney Prime Minister Imran Khan presently introduced an initiative for automation of power of attorney for overseas Pakistanis, saying it would assist the diaspora in acquiring legal documents. Speaking during the curtain-raising ceremony of the facility, the Prime Minister Imran said that they planned to introduce the initiative in 2019 after an overseas Pakistani shared on PM portal that how they faced difficulty in getting their legal documents. From there we got a plan to digitalize the PM portal, making it easy for the overseas Pakistanis to access various facilities…
Bangladesh, Kenya explore cooperation in blue economy Foreign Minister Dr AK Abdul Momen has proposed that both Bangladesh and Kenya can establish cooperation in the blue economy. Both sides agreed to establish cooperation in tourism, IT and agriculture sectors in addition to developing the existing trade and commerce. Chief Administrative Secretary for Foreign Affairs of Kenya Ababu Namwamda met Dr Momen at State Guest House Padma on Thursday and discussed the issues. He congratulated the Bangladesh government on the occasion of celebration of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the 50th Anniversary of…
Designated ‘net-zero’ lanes could push the shipping industry to clean up its act The world’s ever growing global economy runs on shipping – this means that supplies from food to building materials. Some of the items and materials we order online (including from huge companies like Amazon) from overseas often make it to our doorsteps thanks to shipping lanes and canals that connect the world. Shipping canals all over the world connect ships from one body of water to another and help shorten trips by having vessels go through land masses, versus around them. Some famous canals that connect international…
Rice crops face risks from higher fertilizer prices Soaring fertilizer costs threaten to drive up prices of crops worldwide, from US corn to Brazil coffee and China wheat. Rice, as one of the biggest users of fertilizer, could face some of the greatest risks from increased farm input costs. Rising prices for rice, a staple food for more than half of the world’s population, could pose a particular threat to people’s livelihoods and to many countries’ political stability. Higher fertilizer expenses are likely to be passed along as increased food prices. Farmers also could choose to reduce their fertilizer usage,…
To succeed in business presently, experts say that you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Managing Oneself: Revolution in Society Managing…
International researchers identified that the problem of external borrowing as a strategy to enhance economic growth creates serious debate among policy makers, researchers as well as economists. Currently, external (foreign) debt is a worldwide problem for the present and future development of most countries in the world. Presently the researchers analyzed that Pakistan is among the top 10 states that possess the largest external debt stocks and became eligible for the Debt Service Suspension Initiative (DSSI) in the aftermath of the Covid-19 pandemic. As per the International Debt Statistics in 2022, issued through the World Bank, there was a broad…
Experts record that governments and central banks globally are showing clear intentions of doing everything possible to mitigate adverse economic effects. The immediate concern of economic strategy is to protect the livelihood of the people working in sectors which were considerably immediately affected through Lockdown. But there is no doubt, that covid-19 raised poverty as well as unemployment regardless of the strategy responses. Statistics showed that in the US, the unemployment rate reacted at 3.5 percent in February 2020, lowest rate in the past 67 years, the latest statistics of the Bureau of Labor Statistics USA identified it has increased…
Workers’ Remittances In Pakistan (Million US Dollars) I. Cash Flow May-21 Jun-21 FY21 Jul-21 Aug-21 Sep-21 2,490.6 2,688.0 29,370.9 2,707.2 2,657.5 2,669.7 USA 260.9 279.1 2,754.2 311.8 279.2 245.0 U.K. 365.0 375.8 4,067.1 392.9 352.8 370.2 Saudi Arabia 614.1 670.7 7,667.0 640.8 694.2 691.0 U.A.E. 512.4 543.8 6,114.0 530.6 512.3 502.0 Dubai 411.6 430.6 5,065.3 411.4 405.9 360.0 Abu Dhabi 91.9 100.4 944.7 111.4 99.9 136.0 Sharjah 7.7 11.1 79.4 6.6 5.3 4.5 Others 1.3 1.8 24.6 1.2 1.2 1.5 Other GCC Countries 261.5 298.2 3,309.9 293.8 289.2 297.7 Bahrain 35.8 39.1 464.7 40.6 40.8 42.9 Kuwait 65.0 79.9 858.6…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Nov 05, 2021) Currency Symbol Buying Selling Australian Dollar AUD 124 125.5 Bahrain Dinar BHD 386.75 388.5 Canadian Dollar CAD 135 136.5 China Yuan CNY 23.75 23.9 Danish Krone DKK 23.45 23.75 Euro EUR 195.5 197.5 Hong Kong Dollar HKD…
Taiwan stock market expected to remain rangebound The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had dropped almost 90 points or 0.6 percent. The Taiwan Stock Exchange now sits just above the 17,075-point plateau although it’s expected to bounce higher again on Friday. The global forecast for the Asian markets suggests lid upside, with optimism over interest rates offset by weakness from crude oil prices. The European markets were up and the U.S. markets were mixed and the Asian markets figure…
Imran Khan, Prince Charles exchange views on COP-26 Prime Minister of Pakistan Imran Khan recently held a telephonic conversation with Prince of Wales Charles and exchanged views on the forthcoming United Nations Climate Change Conference (COP-26).It is said that the event is scheduled to be held from October 31 to November 12 this year in Glasgow, United Kingdom. Sources recorded that the Prime Minister Imran Khan lauded UK’s leading role in COP-26 as its co-president and believed that the summit would assist translate political commitments into concrete actions, and would put in place ambitious, practical and effective climate action. Imran…
China’s structural overhaul to usher in era of solid economic growth The US economy slowed sharply in the third quarter, growing at an annualized rate of 2 percent, lower than China’s 4.9 percent growth for the corresponding period. For the whole year, the gap between the world’s two largest economies is expected to be further narrowed, as China’s yearly growth rate will likely reach 8 percent, doubling the speed of the US’ GDP growth. As always, policy makers in Beijing will continue to focus on developing the “dual engines” of consumption and investment to drive domestic demand, in addition to…
Japan’s bunker supply expected to tighten in Nov Bunker fuel supply in Japan is expected to tighten in November as demand is rising, industry sources said in the week started Oct. 24. The supply of both marine fuel 0.5 percent and high sulfur bunker fuel has already started to tighten, bunker traders said. “We cannot offer spot fuel,” said a fuel oil trader. The fourth quarter is typically the demand season for bunker fuel in the country. “Ships arriving in Japan after mid-November load bunker fuel for two voyages,” said a source at a shipping company. Japan will observe a…
Global cotton production poised for full recovery To say the 202/21 season was disappointing for the global cotton industry is a major understatement, given the mayhem and confusion that occurred when the Covid-19 virus ground the global supply chain to a halt, the International Cotton Advisory Committee (ICAC) says in its latest update. While it would be naïve to say things are back to normal — only about 3 percent of people in less-developed countries have been vaccinated, far behind those in richer countries — there are some signs that the recovery is in full swing, it notes. Three of…
To succeed in business presently, you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Society of Performing Organization Society in all developed countries…
Since cotton is a major source of income for various rural laborers, including women, according to the experts, they want to raise awareness of the critical role that cotton plays in economic development, international trade and poverty alleviation. As a crop resistant to climatic changes, cotton can be planted in dry and arid zones. Statistics showed that it occupies just 2.1 percent of the world’s arable land, but it meets 27 percent of the world’s textile needs. Approximately 80 percent of cotton is used in the clothing industry, 15 percent in home furnishings and the remaining 5 percent mostly accounts…
In the world, experts recorded that rice is the most significant human food crop, directly feeding more people than any other crop. According to the United Nations Food and Agriculture Organization (FAO), the total rice production globally stood nearly 755 million metric tonnes in 2018. According to the international sources, the global hybrid rice seeds market size is estimated to reach USD 5.43 billion by 2027 owing to the rising concerns regarding food security worldwide. The global market value was USD 2.06 billion in 2019 and is expected to register a CAGR of 13.32 percent from 2020 to 2027. Sources…
Pakistan: Export Receipts By Food Groups (Thousand US Dollar) Details Feb-21 Mar-21 Apr-21 (R) May-21 (R) Jun-21 (R) Jul-21 Aug-21 (R) Sep-21 (P) Food Group 393,791 500,725 439,102 367,401 397,442 310,117 345,988 360,112 01 Rice 182,137 238,941 211,731 185,682 192,530 123,842 150,849 162,413 A) Basmati 64,776 79,142 73,812 73,106 84,031 49,337 70,202 64,532 B) Others 117,361 159,799 137,919 112,577 108,498 74,505 80,647 97,881 02 Fish & Fish Preparations 28,418 42,245 53,399 41,711 34,605 24,417 18,705 24,009 03 Fruits 62,644 58,094 37,585 25,250 45,063 39,460 39,204 30,726 04 Vegetables/Leguminous Vegetable 32,681 40,461 28,182 20,807 21,954 20,578 21,773 16,680 05 Tobacco 1,514…
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 (Oct 22 2021) Currency Symbol Buying Selling Australian Dollar AUD 128 129.5 Bahrain Dinar BHD 386.75 388.5 Canadian Dollar CAD 138 140 China Yuan CNY 23.75 23.9 Danish Krone DKK 23.45 23.75 Euro EUR 201 203.5 Hong Kong Dollar HKD…
Japanese market notably higher The Japanese stock market is trading notably higher on Friday after briefly being in the red in early trades, recouping some of the sharp losses in the previous session, with the benchmark Nikkei 225 just above the 28,900 level, following the mixed cues overnight from Wall Street, as traders reacted to upbeat manufacturing and services PMI data. Traders are also upbeat after a sharp drop in coronavirus infection rates has led to the gradual reopening of the nation’s economy with Tokyo and Osaka lifting curfews. The benchmark Nikkei 225 Index is gaining 197.16 points or 0.69…
Imran Khan directs authorities to draft petrol subsidy plan According to the government of Pakistan report, the price stability is prime concern of every government as high and variable inflation not only erodes purchasing power of consumers but also discourages investment. A controlled inflationary environment contributes to financial stability and economic growth. Inflation is caused by both demand and supply side of market forces. However, demand-side inflation can be controlled through prudent government expenditure strategy and restricting government to borrow from the central bank. On supply-side not only cost of input matters but restriction on the free mobility of transportation…
Monetary policy to stay supportive Thailand’s central bank said yesterday there was high uncertainty facing the economy and monetary policy would remain accommodative to support a recovery from the country’s most prolonged outbreak of the coronavirus. The Bank of Thailand (BoT) has forecast economic growth of 0.7 percent this year, bottoming out in the third quarter and growing 3.9 percent in 2022. The economy contracted 6.1 percent last year, with the key tourism sector still struggling. Thailand’s economic recovery may still lag others and “next year, our baseline is that the financial sector and monetary policy must remain supportive,” assistant…
Greece wants ‘realistic’ EU Green policy for shipping EU shipping power Greece has told the European Commission that adding the industry to the bloc’s carbon emissions trading scheme should be proportionate and tightly enforced to secure a level playing field for the European fleet in global markets. In a letter sent to Commission head Ursula von der Leyen, Greek Prime Minister Kyriakos Mitsotakis said that countries should also get back the revenue raised by the costs their ships would pay and that money should be spent on decarbonising maritime transport. Greek-owned vessels represent 58 percent of the EU’s fleet, according…
Forecast for end of year milk price is optimistic Milk prices will finish the year higher, which is good news for dairy farmers. Class III was $15.95 in August, $16.36 in September and may improve to about $17.80 for October. The higher Class III price is the result of both higher cheese and dry whey prices. On the CME barrel cheese averaged $1.53 per pound in September and has ranged from $1.75 to $1.81 in October. The 40-pound block cheddar price averaged $1.76 per pound in September and has ranged from $1.75 to $1.85 in October. Dry whey averaged $0.54…
To succeed in business presently, you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Organizational Inertia All organizations need to know that virtually…
Studies identified that the significance of the financial system rises with the passage of time as states are moving towards economic development. As the economy becomes wealthier, the financial sector becomes larger. People need to borrow funds from the financial institutions to buy those assets which they want. It is said that car financing is one the facility of both system; Islamic banks utilized the word Ijara for this. It is necessary for both systems to know the factors that influence their demand and purchasing behavior of the customers/clients. In this fast world the managing of personal and professional life…
According to the Asian Development Bank (ADB) present report-2021 Pakistan’s economic growth rebounded to 3.9 percent in FY2020-2021 and is predicted to reach 4.0 percent in FY2021-22, as business activity steadily resumed in the second year of the Covid-19 pandemic. Experts identified that Pakistan’s economy is predicted to continue recovering in FY2022, supported through stronger private investment, enhancing business activity, a steady vaccine rollout, and economic stimulus measures for FY2022. Pakistan’s economy is on the path to recovery, supported through promising growth in the industry and services sectors. The continued rollout of the Covid-19 vaccination programme, structural reforms, and the…
Credit/Loans Classified By Borrowers* (Million Rupees) Details Jun-20 Aug-20 Jun-21 Aug-21P PERSONAL 675,679 707,968 885,881 926,352 A. Bank Employees 140,853 156,518 177,145 183,038 1) For house building 109,783 121,430 140,691 145,133 2) For transport i.e. purchase of car etc. 27,749 31,430 32,750 34,172 3) Other purposes 3,321 3,658 3,705 3,733 B. Consumer Financing 533,944 550,491 707,924 742,499 1) For house building 79,803 79,857 103,631 111,679 2) For transport i.e. purchase of car etc 211,113 221,907 308,096 325,841 3) Credit cards 43,048 47,300 55,074 58,058 4) Consumers durable 7,926 4,812 6,081 7,655 5) Personal loans 192,055 196,614 235,043 239,266 C) Other…
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 ( OCT 08, 2021) Currency Symbol Buying Selling Australian Dollar AUD 122 123.5 Bahrain Dinar BHD 386.75 388.5 Canadian Dollar CAD 134 136 China Yuan CNY 23.75 23.9 Danish Krone DKK 23.45 23.75 Euro EUR 195.5 197.5 Hong Kong Dollar…
Canada stocks-TSX notches biggest gain in 4 months Canada’s main stock index on Thursday rallied by the most in four months, led by technology and energy stocks, as global sentiment was lifted by hopes that Washington could resolve its debt-ceiling standoff. The Toronto Stock Exchange’s S&P/TSX composite index ended up 224.55 points, or 1.1 percent, at 20,416.21, its biggest gain since June 1 and the highest closing level since Sept. 27. Gains for the index came as a temporary truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month, boosting Wall…
Imran Khan launches Kamyab Pakistan Programme Presently, the Prime Minister of Pakistan Imran Khan launched Kamyab Pakistan Program (KPP) worth Rs1400 billion to uplift 3.7 million poor households. The Premier called it a “landmark initiative” saying it will raise the living standards of the common citizens. Imran Khan said that the program has been composed with hectic attempts and consultation process and believed that it would be successful. He also called for organizing a committee to monitor its progress. Holding inequality responsible for downfall of any society, PM lamented that the existing system only facilitate the handful of elite class.…
Kuroda: Japan’s labour practices keep wage pressures under control Japanese firms have no pressing need to raise wages because they retained jobs during last year’s pandemic-induced economic slump, and thus do not need to fill job vacancies as quickly as U.S. companies, Bank of Japan Governor Haruhiko Kuroda said. The surge in demand triggered by the re-opening of the U.S. economy, and layoffs by U.S. firms to deal with the pandemic’s initial hit, have recently caused serious bottlenecks and labour shortages in the country, Kuroda said on Wednesday. That has prompted U.S. firms to raise wages to secure staff, and…
LNG shipping rates climb to multi-month highs on demand for vessels Freight rates to ship liquefied natural gas (LNG) rose to multi-month highs this week as a surge in demand for the super-chlled fuel has increased the need for vessels to move supplies, multiple trade and shipping sources said. The daily charter rate for a tri-fuel diesel-electric (TFDE) vessel that can carry 160,000 cubic metres of LNG to Pacific basin ports rose to $76,000 a day on Tuesday, the highest since February, according to data from Spark Commodities. For the same type of ship moving in the Atlantic Basin, the…
Gas prices are on the rise Natural gas prices in Europe have skyrocketed this year while storage levels are low, as the threat of power cuts over the upcoming winter loom. The unstoppable increase of global gas prices has been raising concerns across the world, especially in Europe. As of Wednesday, the European benchmark natural gas futures contract hit a record high by reaching about 117 Euros ($134), with more than a 14 percent daily jump, posing a potential threat of shortage over the winter and interruption of industrial production. Gas prices in Europe have skyrocketed to more than 400…
To succeed in business presently, you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Limits of Social Responsibility Whenever a business has disregarded…
In Pakistan, poverty has been a chief development problem. Microfinance seems to be one of the effectual solutions of removing poverty within the people in Pakistan and also in the developing countries. Researchers identified that it can assist to enhance their income. It can also assist them organize their own business and decrease their vulnerability. Microfinance also works as an instrument of self-employment for people including men and women to bring about change. Microfinance is the provision of financial services, usually in the form of small sized financial transactions to people who are unable to access such services from commercial…
According to the World Bank report, extreme poverty, which had been declining steadily for close to 25 years, exhibited a regressing trend for the first time in 2020; more than 100 million people were estimated to fall into extreme poverty in 2020 alone while an additional 23 million to 35 million are expected to be pushed into poverty by the end of 2021, bringing the potential tally of new people living in extreme poverty to 150 million. In the developing countries like Pakistan, government has been trying to remove poverty from the country by Ehsaas programmes. Ehsaas Kafaalat No doubt,…
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 ( SEP 24, 2021) Currency Symbol Buying Selling Australian Dollar AUD 122.5 124.5 Bahrain Dinar BHD 386.6 388.36 Canadian Dollar CAD 134.5 136.5 China Yuan CNY 23.7 23.85 Danish Krone DKK 23.4 23.7 Euro EUR 199.5 201 Hong Kong Dollar HKD…
FTSE 100 trims losses Stock markets are in risk-off mode on Friday, with the switch knocked the other way after Wall Street unexpected bullish reaction to the increasing hawkishness of global central banks, which is feeding through to a government bond sell-off. FTSE 100 has trimmed it losses, now down 21 points or 0.3 percent at 7,057, while the more domestically focused FTSE 250 has extended its own, down 0.7 percent to 23,666. [divider style=”normal” top=”20″ bottom=”20″] Sensex tops 60,000 for first time Indian equity benchmarks surged to new all-time highs on Friday with the BSE benchmark index – S&P…
Imran Khan calls China role model for developing countries in poverty alleviation PM Imran Khan praised China for being a “role model” for developing countries in poverty alleviation. In a video message on the 20th anniversary of Juncao Assistance and Sustainable Development Cooperation, the premier said: China is a role model for developing states in poverty alleviation. China’s extraordinary growth has brought 800 million people out of poverty over the past 4-decade. He said the world at large, but mainly the worldwide South, was grappling with multiple challenges counting climate change, poverty and food insecurity. Imran Khan added that severe…
Bank Indonesia holds rates Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country’s worst coronavirus wave. Bank Indonesia held the seven-day reverse repurchase rate at 3.5 percent on Tuesday, as expected by all 31 analysts in a Bloomberg survey. The key rate has been at that level since February, and central bank Governor Perry Warjiyo has signaled the bank could remain on hold until at least until year-end. [divider style=”normal” top=”20″ bottom=”20″] Thailand lifts debt-to-gdp cap to 70pc Thailand will raise its public debt…
Decarbonisation a defining financing factor Shipping companies that do not have a strategy to decarbonise are likely to be pushed out of the market as financing options become more expensive, according to Stephen Fewster, global head of shipping finance at ING Wholesale Banking. A member of the panel at the Baltic Exchange’s “Freight Financials – Charting the Recovery” webinar, Fewster was responding to the question of whether ship finance is likely to become more expensive for companies that do not accept decarbonisation. [divider style=”normal” top=”20″ bottom=”20″] Tanker demand could receive a welcome boost in the coming weeks The Tanker market…
USDA forecasts records for world wheat production, use and trade The US Department of Agriculture in its September World Agricultural Supply and Demand Estimates report issued Sept. 10 said the global wheat outlook for 2021-22 was for increased supplies, higher consumption, increased trade, and higher ending stocks compared with August. The USDA forecast the 2021-22 world wheat supply at 1,072.84 million tonnes, up 7.1 million tonnes from the August projection, based on higher forecast beginning stocks in Canada, the European Union and India, and higher projected production for Australia, India and China. The USDA forecast 2021-22 wheat beginning stocks at…
To succeed in business presently, you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Common Core of Unity Successful diversification by acquisition, like…
Analysis of Economic Survey of Pakistan FY2021 showed that Gwadar Port is about 630 km away from Karachi and 120 km from the Iranian border. The Port is placed on the shores of the Arabian Sea in Balochistan. It is strategically located at the mouth of the Persian Gulf, just adjacent to the Strait of Hormuz, the key shipping route in and out of the Persian Gulf. The Port is in the process of becoming the Gateway Port for the country also for the region. Sources also showed that it is the first deep seaport of Pakistan, complementing and supplementing…
According to the government of Pakistan report, the transport has an indispensable role in economic activity. Without physical access to resources and markets, economic growth and development would not be possible. An effective transport system is, therefore, a fundamental element in enabling sustainable economic development as it assists in promoting the use of natural resources, mobility of labor force and growing agricultural and industrial production. Furthermore report urged that the transport is also essential for offering access to supply chains and basic public services like health and education. Removal of physical and non-physical barriers to effective transportation, therefore, has a…
PIAC Performance Indicators Units 2017 2018 2019 2020 PIAC Fleet No. of Planes 36 32 32 30 Route Km 360,937 332,303 389,725 778,609 Available Seat Million Km 19,108 18,081 18,372 8,902 Passenger Load Factor Percent 73.20 77.3 81.3 74.5 Revenue Flown 000 Km 75,207 70,089 70,515 38,114 Revenue Hours Flown Hours 122,081 110,050 110,640 58,519 Revenue Passengers Carried 000 nos. 5,342 5,203 5,290 2,541 Revenue Passengers Million Km 13,988 13,975 14,938 6,629 Revenue Load Factor Percent 55.2 58.4 58.6 51.3 Operating Revenue Rs million – 100,051 146,097 94,683 Operating Expenses Rs million – 170,447 160,037 102,912 [divider style=”normal” top=”20″ bottom=”20″]…
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 10, 2021) Currency Symbol Buying Selling Australian Dollar AUD 122.7 124.7 Bahrain Dinar BHD 386.8 388.8 Canadian Dollar CAD 134 136 China Yuan CNY 23.65 23.8 Danish Krone DKK 23.35 23.65 Euro EUR 197.5 199.5 Hong Kong Dollar HKD…
Taiwan stock market expected to head south again The Taiwan stock market on Thursday snapped the three-day losing streak in which it had stumbled almost 250 points or 1.4 percent. The Taiwan Stock Exchange now sits just above the 17,300-point plateau although it’s tipped to see renewed consolidation on Friday. The global forecast for the Asian markets is mixed to lower, thanks to coronavirus concerns and sinking crude oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference. The TSE finished slightly higher on Thursday following mixed performances…