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…
Author: S. Kamal Hayder Kazmi
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…
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…