In Pakistan, high food inflation is still under control during the ongoing holy month of Ramazan, rendering the prices of fruits and vegetables beyond the purchasing power of the ordinary people in the country. In March the inflation rate picked up pace and jumped to 12.7 percent amid a significant rise in prices of perishable food items both in urban and rural regions. The Pakistan Bureau of Statistics (PBS) recorded that the Consumer Price Index (CPI) grew to 12.7 percent in March over the corresponding month a year ago. The national data collecting agency recorded a 33.63 percent increase in…
Author: S. Kamal Hayder Kazmi
Sector Wise Islamic Financing In Pakistan (Share in %) Sector Dec-20 Sep-21 Dec-21 Overall Banking Industry Chemical & pharmaceuticals 4.4 3.7 3.9 3.4 Agribusiness 9.0 11.5 13.9 8.5 Textile 14.9 15.1 16.2 16.4 Cement 3.6 3.1 2.7 2.0 Sugar 2.7 1.8 2.4 2.3 Shoes and leather garments 0.5 0.5 0.4 0.4 Automobile & transportation equipment 1.3 1.2 1.3 1.8 Financial 0.3 0.2 0.2 3.1 Insurance 0.0 0.0 0.0 0.1 Electronics & electrical appliances 0.9 1.1 1.2 1.4 Production & transmission of energy 14.0 12.1 11.0 13.9 Individuals 10.2 11.6 11.2 9.8 Others 38.4 38.2 35.5 36.9 Total 100.0 100.0 100.0…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (April 14, 2022) Currency Symbol Buying Selling Australian Dollar AUD 133 135 Bahrain Dinar BHD 386.6 388.6 Canadian Dollar CAD 141 143 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 193.5 195.5 Hong Kong Dollar HKD…
Canada stocks-resource shares lift Toronto index higher Canada’s main stock index rose on Monday as higher commodity prices bolstered the energy and materials sectors, although concerns around rising U.S. bond yields kept sentiment in check. At 9:39 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 54.39 points, or 0.25 percent, at 21,910.09. Meanwhile, U.S. stocks inched lower at open as Treasury yields continued to rise on expectations of a tighter monetary policy. The energy sector was up 1.2 percent, supported by higher oil prices as outages in Libya deepened concern over tight global supply and the Ukraine…
Tokyo: wars slows economy, delays recovery Japan’s economy is also beginning to feel the effects of the hardships caused by the Russian invasion of Ukraine. Recovery after the sharp contraction of 2020 is therefore further delayed due to the uncertainties of the international context, but other factors are also weighing heavily. The first sign of concern came last week, when the International Monetary Fund published its own report in which expected growth for the current year was downgraded from 3.3 percent to 2.4 percent. The document went on to indicate that consumption would drive the recovery but also pointed out…
Industry partnerships key to decarbonizing the commodity value chain The COP26 summit in Glasgow in November highlighted the increasing pressure for all industries, including the shipping industry, to decarbonize. The challenge for the Australian petroleum industry and other major users of deep-sea shipping will be to start preparation, and to find the most cost effective and low-risk ways to reduce emissions with seaborne logistics The Call to Action for Shipping Decarbonization at the COP26 was developed by a multi-stakeholder taskforce stressing that full decarbonization of international shipping is both urgent and achievable, calling on governments to work together with the…
Scientists discover a new form of pesticide that neutralises pathogens attacking rice Rice is one of the most important staple foods globally, providing one fifth of the calories consumed by humans. However, the major areas where rice are grown are blighted by pathogens – organisms that cause disease. To date, this problem has been treated with the use of chemical pesticides that typically target the plant-pathogenic fungi. But, with none of these treatments wholly effective, and many considered unfriendly to the environment, researchers have been seeking alternative solutions. In a study published in the KeAi journal Fundamental Research, a group…
Diversification Shoemaker, stick to your last!” The old cliché is still sound advice. The less diverse a business, the more manageable it is. Simplicity makes for clarity. People can understand their own job and see its relationship to results and to the performance of the whole. Efforts will tend to be concentrated. Expectations can be defined, and results can easily be appraised and measured. The less complex a business is, the fewer things can go wrong. And the more complex a business is, the more difficult it is to figure out what went wrong and to take the right remedial…
Since its inception, experts recorded that Benazir Income Support Programme (BISP), one of the 34 executing agencies of Ehsaas has managed to disburse an amount of Rs 1,112.20 billion by unconditional and conditional cash transfer grants. Social protection signifies the capacity of a society to meet the basic human needs of its citizens, establish the building blocks that allow citizens and communities to enhance the quality of their lives on sustainable basis and create the conditions for all individuals to attain their full potential. Social protection can help build the resilience of the poor and vulnerable segments by supporting them…
According to UNDP’s Human Development Report 2020, Pakistan’s HDI value for 2019 stayed at 0.557, which put the country in the ‘medium’ category. Statistics showed that Pakistan ranked at 154 out of 189 countries in the index based on Health (life expectancy at birth), Education (expected years of schooling) and Gross National Income (GNI) per capita. Between 1990-2019, Pakistan’s HDI value grew from 0.402 to 0.557, a rise of 38.6 percent which is considerably less than the rise attained through Bangladesh (59 percent) and India (52 percent). Pakistan’s life expectancy at birth grew by 7.2 years, mean years of schooling…
Pakistan: micro credit beneficiaries, outstanding loans portfolio and loan disbursement as of Dec. 2020 MFP Active Borrowers Outstanding Loans Portfolio (Rs) Number of Loans Disbursed Disbursements (Rs) Total for Pakistan MF sector 7,005,885 324,155,425,831 10,732,090 371,030,958,187 MFBs Apna Microfinance Bank 84,397 10,504,573,724 461,631 52,454,200,171 Advans Pakistan 8,517 1,074,437,207 4,436 845,345,342 FINCA Microfinance Bank 225,288 21,550,509,640 128,790 15,557,445,695 First Microfinance Bank Limited 571,125 42,583,434,872 351,102 31,216,585,579 Khushhali Bank 879,637 60,647,662,090 923,304 66,474,876,985 Mobilink Microfinance Bank 808,239 25,243,147,182 3,504,294 20,216,293,362 NRSP Bank 339,130 28,992,356,981 213,611 20,939,345,144 Pak Oman Microfinance Bank 56,061 2,519,259,822 36,015 2,862,826,100 Sindh Microfinance Bank 36,410 560,257,733 21,390 628,695,000 Telenor…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (April 05, 2022) Currency Symbol Buying Selling Australian Dollar AUD 134.5 136.5 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 144 146 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 200 202 Hong Kong Dollar HKD…
Saudi Stock Exchange suspends shares trading of three companies The Saudi stock exchange, also known as Tadawul, has suspended the share trading of three companies for not issuing financial statements for 2021. The exchange suspended Saudi Cable Co. shares from the main market, according to a statement. It also suspended Obeikan Glass Co. and Advance International Company for Communication and Information Technology from the Nomu parallel market. The trading of these companies will be suspended from Sunday, April 03. Following one day’s suspension, the company’s trading in the exchange will be resumed on Monday. However, these companies should ensure to…
Singapore economy likely to grow in 2022 Singapore’s baseline assumption is that its economy is still able to grow this year, but adverse situations such as a recession or stagflation cannot be ruled out, owing to uncertainties arising from the deepening crisis in Ukraine, said Finance Minister Lawrence Wong on Tuesday (Mar 22). “It may well be that we can still continue to grow, which is still our assumption today, that our baseline assumption and projection is still that we are able to continue growing as an economy this year,” he told more than 3,000 business leaders and government officials…
Carbon neutral shipping – it all comes down to green hydrogen, and lots of it With decarbonisation much in the public eye, shipping is currently and perhaps belatedly trying to find the best pathway to carbon neutral fuels. Shipping greenhouse gas (GHG) emissions as a proportion of global GHG anthropogenic emissions increased from 2.76 percent in 2012 to 2.89 percent in 2018, according to the Fourth IMO GHG Study 2020. To put this into proportion, if shipping were a country it would rank as the sixth largest GHG emitter between Japan in fifth place and Germany, according to the World…
Brazil’s ethanol production premium surpasses 200 points over sugar A 7.8percent jump in Brazil’s Center-South hydrous ethanol price combined with a 6.8percent appreciation in the real against the dollar from March 10 to April 1 were the primary reasons for ethanol’s spike in production premium. NY11 May sugar futures posted a meager 1.4percent price rise over the same period. The ethanol production premium to sugar in Brazil moves closer to 240 points if decarbonization credits, CBIOs are added into the premium calculation. The CBIO, equivalent to 1 mt of carbon dioxide not released in the atmosphere, is an instrument issued…
Thales of Miletus, (born c. 624–620 BCE—died c. 548–545 BCE), philosopher renowned as one of the legendary Seven Wise Men, or Sophoi, of antiquity. He is remembered primarily for his cosmology based on water as the essence of all matter, with Earth a flat disk floating on a vast sea. The Greek historian Diogenes Laërtius (flourished 3rd century CE), quoting Apollodorus of Athens (flourished 140 BCE), placed the birth of Thales during the 35th Olympiad (apparently a transcription error; it should read the 39th Olympiad, c. 624 BCE) and his death in the 58th Olympiad (548–545 BCE) at the age…
According to the provisional figures released by the Pakistan Bureau of Statistics (PBS), the balance of trade in February 2022 was recorded (-)544,794 million in terms of Rupees and (-)3,087 million in US dollars. The balance of trade figures cumulative from July-February 2021–22 were (-)5,461,520 million in terms of Rupees and (-)31,946 million in US dollars. PBS also recorded that exports from Pakistan during February 2022 amounted to Rs. 497,602 million (provisional) as against to Rs. 460,856 million in January 2022 and Rs. 329,033 million during February 2021 explaining a rise of 7.97 percent over January 2022 and of 51.23…
The Experts in Pakistan recorded that for most commodity markets, 2020 was undeniably a turbulent year. The outbreak of the pandemic triggered a widespread worldwide shutdown of economic activity that depressed demand and disrupted supply chains for commodities in virtually all sectors counting energy, base metals and agricultural products. They also recorded that Bloomberg commodity Index hit an all-time low in April and the price of crude oil nosedived into negative territory for the first time ever. Pakistan: SPI (51 items) 2015-16=100 Expenditure Group (Quintile) SPI for week ended % Change Over 17-03-2022 10-03-22 18-03-21 10-03-22 18-03-21 Q1 (Upto Rs.…
Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Million Rupees) Sector/Industry 2016-17 2017-18 2018-19F 2019-20R 2020-21P Commodity Producing Sectors(A+B) 4,682,467 4,884,508 4,858,172 4,841,943 4,995,212 Agricultural Sector ( 1 to 4 ) 2,253,565 2,343,614 2,356,827 2,434,850 2,502,181 1. Crops ( i+ii+iii) 832,744 871,796 828,596 874,504 896,102 i) Important Crops 534,659 553,693 511,129 537,929 562,964 ii) Other Crops 244,703 260,026 266,791 288,344 292,420 iii) Cotton Ginning 53,382 58,077 50,676 48,231 40,718 2. Livestock 1,326,948 1,375,986 1,428,608 1,458,624 1,503,254 3. Forestry 45,505 46,679 50,076 51,880 52,617 4. Fishing 48,368 49,153 49,547 49,842 50,208 Industrial Sector ( 1 to 4 )…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (March 24, 2022) Currency Symbol Buying Selling Australian Dollar AUD 133 135 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 142 144 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 197.5 199.5 Hong Kong Dollar HKD…
Nikkei index extends rally to 9 days, longest win streak since 2019 Japan’s Nikkei stock index extended its winning streak to nine days on Friday, its longest rally since September 2019, as investors bought issues to secure rights for dividend payments. The 225-issue Nikkei Stock Average ended up 39.45 points, or 0.14 percent, from Thursday at 28,149.84. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 0.09 point, or 0.00 percent, lower at 1,981.47. Gainers were led by marine transportation, farm and fishery, and pharmaceutical issues. The U.S. dollar dropped to the upper 121…
Imran Khan Highlights Govt Main Initiatives AMID People Applause Prime Minister Imran Khan highlighted his Government major initiatives and achievements said Sehat Card plus Program, Kamyab Pakistan Program, Enegy Projects, Ehsas and Uniformed Education system was launched for socioeconomic empowerment of people and expediting pace of industrial and economic growth. Addressing a huge public gathering at Dargai, the Prime MinisterImran Khan said during the last three and half years of his Government, work on 10 dams projects were started in Pakistan, saying Mohmand Dam would be completed by 2025, Dasu dam by 2027 and Diamir Bhasha dam by 2028. Imran…
World economy faces supply hit as China battles covid again The global economy — already struggling with war in Ukraine and the stagflation risks it’s fanning — is bracing for greater disruption as China scrambles to contain its worst outbreak of COVID-19 since the pandemic began. Since Wuhan two years ago, China has had relative success in minimizing disruption by bringing virus cases quickly under control. Now, the geographic spread of infections and higher transmissibility of the omicron variant is challenging the country’s hawkish pandemic strategy of aggressive testing and locking down whole cities or provinces. If China fails to contain…
Shipping ton-mile demand increasing The current situation in the shipping markets has been favorable of increased ton-mile demand. However, the long-term implications of the Ukraine war are difficult to quantify at this stage. In its latest weekly report, shipbroker said that “for those looking for the historical reference to what’s going on in the markets right now, it looks as though we are now getting echoes of the 1970’2 oil shock. The connection may well be light and with several of the drivers being different, yet the essence seems to have unwittingly familiar effects. The 1973 oil shock drove the…
Iron ore price rises Iron ore prices climbed on Monday over concerns that a prolonged armed conflict between Russia and Ukraine could curb global supply. The most-traded May iron ore contract on China’s Dalian Commodity Exchange ended daytime trading 2.7 percent higher at 705.50 yuan ($111.82) a tonne. On the Singapore Exchange, iron ore’s most-active April contract rose as much as 3.3 percent to $141.25 a tonne. According to Fastmarkets MB, benchmark 62 percent Fe fines imported into Northern China were changing hands for $138.09 a tonne during morning trading, up 2.6 percent compared to Friday’s closing. Any prolonged military campaign…
Lawrence Edward Page is an American Computer Scientist and an internet entrepreneur who co-founded Google with Sergey Brin in 1998. Larry Page is the CEO of Google’s parent company Alphabet Inc. Born on March 26, 1973, in East Lansing, Michigan, his father was a Ph. D in Computer Science and a professor at Michigan State University and his mother an instructor in computer programming. A voracious reader in his youth, Page spent a lot of time poring over Science & Technology books and magazines. Page always liked to invent things and at the age of 12 knew that someday he was…
Industrialization plays a vital role in the economic development of countries as it raises career opportunities and ensures better utilization of local resources. The Government of Pakistan has been cognizant of the significance of industry amid recent health-cum-economic crisis and has taken proactive initiatives to promote and develop it. The Government is offering a series of subsidies for electricity and gas to export-oriented industries. Power price has been fixed at US$ 0.07/unit for July-August FY2021 and US$ 0.09/unit for September-June FY2021. Gas tariff fixed at US$ 0.065/mmbtu for the whole FY2021. Power Division has assigned Rs 20 billion subsidy for…
In Pakistan, the experts recorded that cement demand is closely connected to the overall economic growth, particular the infrastructure and housing sector. Pakistan’s Public Sector Development Projects (PSDP) allocation plays a significant role in driving the demand of cement. Government of Pakistan annual allocation of PSDP and utilization of the same plays a critical role on demand for cement. They also recorded that slowdown in economic activity in Pakistan affects cement demand on the back of slowdown in construction and development activities. Consequently, the industry remains exposed to high cyclicality risk. The Government of Pakistan focused initiatives on housing and…
Cement Production Capacity & Dispatches In Pakistan (Million Tonnes) Years Production Capacity Capacity Utilization (%) Local Dispatches Exports Total Dispatches 2006-07 30.50 79.23 21.03 3.23 24.26 2007-08 37.68 80.14 22.58 7.72 30.30 2008-09 42.28 74.05 20.33 10.98 31.31 2009-10 45.34 75.46 23.57 10.65 34.22 2010-11 42.37 74.17 22.00 9.43 31.43 2011-12 44.64 72.83 23.95 8.57 32.52 2012-13 44.64 74.89 25.06 8.37 33.43 2013-14 44.64 76.79 26.15 8.14 34.28 2014-15 45.62 77.60 28.20 7.20 35.40 2015-16 45.62 85.21 33.00 5.87 38.87 2016-17 46.39 86.90 35.65 4.66 40.32 2017-18 48.66 94.31 41.15 4.75 45.89 2018-19 59.74 78.48 40.34 6.54 46.88 2019-20 63.63…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (March 10, 2022) Currency Symbol Buying Selling Australian Dollar AUD 128 129.5 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 138.5 140.5 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Euro EUR 193 195 Hong Kong Dollar HKD…
CAC 40 up 7.13 pc France stock were higher after the close on Wednesday, as gains in the Oil & Gas, Technology and Gas & Water sectors led shares higher. At the close in Paris, the CAC 40 rose 7.13 percent, while the SBF 120 index added 7.07 percent. The best performers of the session on the CAC 40 were Veolia Environment VE SA which rose 12.26 percent or 3.15 points to trade at 28.84 at the close. Meanwhile, Stellantis NV added 11.90 percent or 1.54 points to end at 14.50 and Societe Generale SA was up 11.53 percent or…
PM Imran introduces Ehsaas Rashan Riayat initiative According to UNDP Human Development Report 2020, Pakistan’s HDI value for 2019 stayed at 0.557 which put the country in the ‘Medium’ category. Pakistan ranked at 154 out of 189 countries in the index based on Health (life expectancy at birth), Education (Expected years of schooling) and Gross National Income (GNI) per capita. Between 1990-2019, Pakistan’s HDI value grew from 0.402 to 0.557, a rise of 38.6 percent which is considerably less than the increase attained by Bangladesh (59 percent) and India (52 percent). Pakistan’s life expectancy at birth grew by 7.2 years,…
China outlines plan to stabilize economy Plowing past global anxieties over the war engulfing Ukraine, China set its economy on a course of steady expansion for 2022, prioritizing growth, job creation and increased social welfare in a year when the national leader, Xi Jinping, is poised to claim a new term in power. The annual government work report delivered to China’s National People’s Congress by Premier Li Keqiang on Saturday did not even mention Russia’s invasion of Ukraine, and it took an implacably steady-as-it-goes tone on China’s economic outlook. The implicit message appeared to be that China could weather the…
Russian seaborne lng exports reached 30.3mn tonnes The current situation in Ukraine is having a direct impact on the shipping markets, with Russian seaborne exports being driven off the market. In its latest weekly report, shipbroker Banchero Costa said that “Russia is the fourth largest seaborne exporter of liquified natural gas in the world, after Qatar, Australia, and the USA. In calendar 2021 the country exported a total of 30.3 mln tonnes of LNG by sea, according to Refinitiv vessel tracking data, an increase of +5.4 percent y-o-y. This amounted to 7.8 percent of global seaborne LNG exports. The majority…
Prey dry season rice production sees increase The Prey Veng Provincial Department of Agriculture reported that the production of dry season rice crops has seen an increase compared to the same period of last year. The Department reported that the as of February 22, the production of this year’s dry season rice covers a total area of 118,582 hectares, which is equivalent to 158.11 percent of the initial goal of 75,000 hectares to be cultivated. Farmers have so far harvested a total of 51,751 hectares of the rice fields, which is equivalent to 43.64 percent of the total rice fields…
Thomas Edison was America’s greatest inventor and also a great businessman. His inventions created and contributed to modern night lights, phonograph, the motion pictures, and long-lasting practical electric light bulb. He was genuinely a Genius. Among his invention, some were improvements on various other inventions, similar to phone. Some were deliberately tried to invent, similar to bulb and motion picture projector. But, few inventions he stumbled on, like the phonograph. One day, as a little boy, Thomas Edison got back home from school and gave paper to his mom. He said to her, Mother my teacher gave this paper to me…
Pakistan banking sector making progress The State Bank of Pakistan (SBP) has greatly contributed for the development of the economy of Pakistan by playing vital role in the management of financial systems of Pakistan. Experts identified that banking sector has been in the driving seat in present era. It is posting well growth in profits on the strength of its deposit profile that favours consumerism instead of savings. Statistics showed that the banking sector spread for the month of January 2022 grew by 18 basis points (bps) over the month which brings its latest value to 4.26 percent as against…
International experts identified that the international trade has historically grown much faster than worldwide Gross Domestic Product (GDP), nearly doubling in the 20 years prior to the pandemic and representing 60 percent of worldwide GDP. Although the pandemic led to a fall in the worldwide trade of 9.2 percent during 2020, the setback is predicted to be temporary, with continued growth forecasted for 2021 and beyond (WTO). It is also predicted that 47 percent of worldwide trade relies on bank-intermediated trade finance. As worldwide trade enlarges, trade finance is of central significance. During 2019, the worldwide trade finance market worth…
Credit/Loans Classified By Borrowers In Pakistan (Million Rupees) Details Nov-21 Dec-21 (R) Jan-22 (P) 1. Credit to Government Sector (A+B) 16,759,145 16,691,345 16,699,802 2. Credit to Non Government Sector (A+B) 9,327,625 9,834,285 9,658,862 A. SBP Credit to Non Govt. Sector 29,733 30,449 30,549 B. Scheduled Banks Credit to Non Govt.Sector (I+II+III) 9,297,892 9,803,835 9,628,313 I. Credit to PSEs 1,733,573 1,768,058 1,744,838 II. Credit to NBFIs 200,104 241,033 222,570 III. Credit to Private Sector (A+B) 7,364,215 7,794,745 7,660,905 A. Investment in Securities & Shares of Private Sector 198,927 196,274 198,532 B. Loans to Private Sector (1-4) 7,165,289 7,598,471 7,462,373 1. Private…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Feb 24, 2022) Currency Symbol Buying Selling Australian Dollar AUD 125 127 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 137 139 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.6 23.9 Euro EUR 198.5 200.5 Hong Kong Dollar HKD…
Nasdaq and S&P 500 rebound from early slides The Nasdaq Composite and S&P 500 are staging a late-day comeback after falling sharply to start the session. Days like these in the stock market are rare, but have become a feature of markets in 2022. The Nasdaq was down 3.5 percent at its low this morning but is now trading higher. In the past 15 years, there have been eight trading days where the index was down at least 3 percent intraday but ended the day higher. One of those sessions occurred in January, when the index fell almost 5 percent…
Productive Discussion on Polio Eradication Presently Bill Gates a Microsoft co-founder, called on Prime Minister Imran Khan during his first-ever visit to Pakistan and discussed matters related to polio eradication and other important problems. Bill Gates, who is visiting Pakistan on a day-long trip, held meetings with senior government officials, counting a one-on-one meeting with Prime Minister Imran Khan, according to a statement issued by the PM Office. The Microsoft co-founder attended a meeting of the National Task Force on Polio Eradication, where he noted that despite Covid-19 restrictions, Pakistan’s has performed “amazingly” in eradicating polio. He thanked Imran Khan…
Japan watching impact of rate rises by the west on its economy Japan will watch how rising interest rates in Western nations could affect its economy, the finance minister said on Tuesday, as higher bond yields would boost borrowing costs for the industrial world’s heaviest public debt burden. Shunichi Suzuki made the remark as the parliament’s powerful lower house is set to approve the fiscal 2022/23 budget with a record $940 billion in spending on Tuesday, setting the stage for the budget’s full passage through the legislature in March. “As interest rates rise, interest payments will rise as well, straining…
Higher energy-yield with superior fuel combustion While deliberations on meeting the IMO’s goal of cutting GHG emissions from shipping by 2050 progress, we need to focus on technology that is available and to improve fuel combustion. When fuel combustion is improved, emissions and engine wear are reduced, and fuel economy improves. At an IMarEST UAE branch technical meeting, Ocean2Door India presented the benefits of FuelSpec® Combustion Catalyst, which is a bridge technology that will allow shipping to burn less fossil fuel, in a significantly cleaner operation, as we continue to benefit from the Blue economy. Delivering the welcome address, NIKEEL…
Rice feeds the world, now more than ever Rice has been produced throughout the world for thousands of years, and today it is a staple food for more than 3.5 billion people. The United States, while newer to the rice game than some other exporters, produces several varieties of nutritious, high-quality, and delicious rice. While approximately half of the rice produced in the U.S. is consumed there, the other half is exported around the globe including providing food to the world’s hungry. The U.S. rice industry is proud to participate in international food assistance programmes that help feed, nourish and…
Henry Ford was an industrialist in America who founded the Ford Motor Company. His company developed and manufactured affordable automobiles which revolutionized the transportation industry in America. He is credited for mass production of cheap products coupled with better pay for the workers. His commitment to lowering the cost systematically resulted in several business innovations that led to the growth of the Ford Motor Company in North America and major towns of the other continents. Henry Ford was born in 1863 in Michigan. His father came from County Cork while his mother was born in Michigan by a Belgium immigrant.…
No doubt, Education being the fundamental human right stands most significant element in evolution of human progress and nation development. It develops capabilities to fight against injustice, violence, corruption and many other social evils. Sustainable socio-economic development of a country depends on substantial investment in its human capital by education and skill development. Educated people work as an effective tool in accepting and adopting innovative ideas and means of productivity/technologies, ensuring the elimination of economic and social ailments. Further, as a dividend, it brings socio-economic progress also prosperity in to the country. An educated and skilled nation is productive enough…
The Government of Pakistan’s facts showed that the country has shown 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. It is also showed that in order to make substantial progress on Goal 3 of Sustainable Development Goals (Good Health and Wellbeing), the government has given priority to strengthen health sector to further resolve and address the outbreak of Covid-19 pandemic. Statistics also…
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 Mortality rate, infant (per 1,000 live births) 62.1 55.7 Under-5 mortality rate (per 1,000) 76.1 67.2 Incidence of tuberculosis (per 100,000 people) 270 263 Incidence of HIV (per 1,000 uninfected population) 0.10 0.12 Life expectancy at birth, (years) 66.6 67.3 Births attended by skilled health staff (% of total) 58.0 68.0 (2020) Contraceptive prevalence, any methods (% of women ages 15-49) 32.0 (2014) 34.0 [divider style=”normal” top=”20″ bottom=”20″] Registered Medical And Paramedical Personnel (in Nos.)…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Feb 10, 2022) Currency Symbol Buying Selling Australian Dollar AUD 124 125.5 Bahrain Dinar BHD 386.95 388.7 Canadian Dollar CAD 138 140 China Yuan CNY 23.5 23.9 Danish Krone DKK 23.6 23.9 Euro EUR 199.5 201.5 Hong Kong Dollar HKD…
European stocks advance at open European stock markets climbed at the open on Wednesday, echoing gains across Asia after an upbeat Wall Street performance. London’s benchmark FTSE 100 index of major blue-chip companies won 0.5 percent to 7,600.95 points. Frankfurt’s DAX index rose 0.8 percent to 15,362.61 and the Paris CAC 40 added almost 1.0 percent to 7,095.51, compared with Tuesday’s closing levels. Asian equities also bounced higher as traders prepared for Thursday’s highly anticipated US inflation data, while sentiment was soothed by signs of easing Russia-Ukraine tensions. [divider style=”normal” top=”20″ bottom=”20″] Sensex ends 187 pts higher Indian indices witnessed…
Appreciation Certificates to the Top 10 Best Performing Federal Ministries Sources recorded that Prime Minister Imran Khan presently awarded appreciation certificates to the “top 10 best performing federal ministries” under his government, with the communications ministry, planning ministry and poverty alleviation division getting top honours of first, second and third respectively. It is also said that the top 10 ministries recognised for their performance at a ceremony held in Islamabad were: Ministry of Communications, Ministry of Planning, Development and Special Initiatives, Poverty Alleviation and Social Safety Division, Ministry of Federal Education and Professional Training, Ministry of Human Rights, Ministry of…
Malaysia economy likely returned to growth in q4, omicron a threat: Poll Malaysia’s economy likely bounced back to growth in the final quarter of 2021, propelled by strong exports and private investments, but the fast-spreading Omicron coronavirus variant poses a threat to the outlook, a Reuters poll found. Growth in Southeast Asia’s third-largest economy rebounded last quarter to 3.3 percent year-on-year after shrinking 4.5 percent in the July to September period, according to the median forecast of 20 economists polled from Feb 3 to Feb 8. Forecasts for the change in gross domestic product (GDP), due to be released on…
Why Mexico is ideally placed to become a zero-carbon shipping fuels hub With the International Maritime Organization calling for a 50 percent decrease in international shipping emissions by 2050 compared to 2008 rates, stakeholders across the maritime value chain are committed to commercializing and scaling zero-carbon vessels and fuels by 2030. According to a study conducted by Ricardo and the Environmental Defense Fund for the P4G-Getting to Zero Coalition Partnership, which also includes the World Economic Forum, Mexico has the potential to play a key role in transforming global shipping through green hydrogen-derived fuels and clean electricity. [divider style=”normal” top=”20″…
Thailand rice exports expected to rise sharply Thailand is forecast to export 8 million tonnes of rice in the 2021-22 marketing year, up 31 percent from the previous year, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). Attractive Thai prices, driven by the weakening of the Thai baht, are the reason for the sharp increase in exports, the report said. Rice production is projected to increase year-on-year from 18.8 million tonnes to 20.8 million tonnes, the USDA said. The report noted that the country’s wheat imports are expected…
Andrew Carnegie, a Scottish-American industrialist and the greatest philanthropist in this speech, is known to be the most influential person whose greatest contribution in expanding the American steel industry in 19th century makes him immortal. He donated his most fortune to establishing schools, Libraries and universities across the United States and Europe. He was a self-made man for his economic, cultural as well as intellectual developments. He is often considered to be the second richest man in the history after John D. Rockefeller. From his young age he would love to listen about famous Scottish heroes such as Rob Roy,…
Experts mentioned in the Economic Survey of Pakistan that even prior to Covid-19 outbreak, globalization in trade, finance, investment and migration was facing a number of headwinds, stimulated through geopolitical tensions over trade between the United States (US) and China, “Brexit” vote for United Kingdom (UK) also rising polarization and social inequality. The pandemic has further exacerbated the prevailing trade relationships among nations. All the measures taken by the states to restrain the spread of virus like closure of borders, strict lockdowns and quarantines have distorted supply chains and weakened the demand of an interconnected economy. This has resulted in…
In Pakistan, Hotel industry makes a considerable part of the service sector. Experts identified that food, accommodation and dress are the three most essential things of human. Hotel industry or hotel alone offers two basic things: accommodation and food. No doubt, hotel is a part of the hospitality industry which is an umbrella term for a broad variety of service industries counting, but not limited to, hotels, restaurants and casinos. The Hotel industry worldwide has focused on training and human resource development to compete in the current business environment. Statistics showed that the global hospitality sector has tremendous facts and…
PSL-Teams (2022) Peshawar Zalmi Karachi Kings Islamabad United Quetta Gladiators Lahore Qalandars Multan Sultans [divider style=”normal” top=”20″ bottom=”20″] Highest Totals (PSL) Team Total Opponent Season Islamabad United 247/2 Peshawar Zalmi 2021 Islamabad United 238/3 Lahore Qalandars 2019 Peshawar Zalmi 232/6 Islamabad United 2021 Peshawar Zalmi 214/5 Islamabad United 2019 Lahore Qalandars 209/5 Quetta Gladiators 2020 [divider style=”normal” top=”20″ bottom=”20″] Lowest Totals Team Total Opponent Season Lahore Qalandars 59 Peshawar Zalmi 2017 Quetta Gladiators 73 Multan Sultans 2021 Lahore Qalandars 78 Peshawar Zalmi 2019 Islamabad United 82 Karachi Kings 2017 Lahore Qalandars 89 Multan Sultans 2021 [divider style=”normal” top=”20″ bottom=”20″] Most…
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 25 2022) Currency Symbol Buying Selling Australian Dollar AUD 124 125.5 Bahrain Dinar BHD 386.95 388.7 Canadian Dollar CAD 138.5 140 China Yuan CNY 23.5 23.9 Danish Krone DKK 23.55 23.85 Euro EUR 198.5 200.5 Hong Kong Dollar…
Japan’s Nikkei index losses over 3 pct, lowest intraday level in 14 months Japan’s benchmark Nikkei stock index lost over 3 percent momentarily on Thursday afternoon, marking its lowest intraday level in around 14 months. The Nikkei index fell 888.58 points, or 3.29 percent. However, the 225-issue Nikkei Stock Average dropped 768.88 points, or 2.85 percent, from Wednesday to 26,242.45. The broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 43.83 points, or 2.32 percent, at 1,848.02. Dealers said Thursday’s selloff gathered steam on mounting concerns of a U.S. Federal Reserve rate hike at an…
PM lays foundation stone of special technology zone In Pakistan researchers recorded that during Covid-19 Pandemic, protection and creation of jobs is the second biggest challenge after the health crisis. The pandemic adversely impacted employment and labour productivity through impeding growth in various economic sectors. State Bank of Pakistan (SBP) has taken dissimilar initiatives to counter the effects of Covid-19 like support to firms in paying wages to their employees amid the lockdowns to prevent layoffs (Rozgar Scheme). Further, revival of construction industry during pandemic is one of the major initiatives of the government of Pakistan for employment generation in…
Outlook for Bangladesh economy While the third wave of Cov-Sars-3 in its new incarnation as Omicron has placed the Bangladesh economy in tenterhooks threatening to derail the economic recovery, forecasts are being made by multi-lateral institutions (MLI) that sound like sweet music to the ears of policy makers. Coming from institutions that are normally conservative about their estimates of Bangladesh economies growth prospects, the recent forecasts and estimates appear too good to be true. A quick look at these forecasts and estimates may reveal if these are serious exercises or mere speculation made in a generous mood to dispel the…
Shipping decarbonization With the shipping industry gradually expected to move towards cleaner fuels, ordering a newbuilding vessel can be a very difficult “exercise” from a compliance and financial point of view. So what are the options that ship owners have opted to choose? In its latest weekly report, shipbroker Gibson said that “decarbonisation talk appears to be everywhere nowadays – on a government level and in a plethora of industries. Last year saw several international agreements reached during COP26 as well as European Union proposals to include shipping in their emissions trading scheme. The IMO agreed on short term measures…
Kenya’s tea export earnings rise 13pc yr/yr in 2021 Kenya’s 2021 tea export earnings rose 13 percent to 136 billion shillings ($1.20 billion) compared with a year earlier, helped by rising export volumes, the industry’s regulator said. Kenya’s total tea production for the year fell to 533 million kg from 569 million kg a year earlier, while total exports rose to 558 million kg from 518 million in 2020, sources said . Kenya is a leading exporter of black tea worldwide, and tea is a major earner of foreign exchange alongside remittances, horticulture and tourism. [divider style=”normal” top=”20″ bottom=”20″] Brazil…
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,…
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…