Author: S. Kamal Hayder Kazmi

Pakistan: Export Receipts By Food Groups  (Thousand US Dollar) Details Feb-21 Mar-21 Apr-21 (R) May-21 (R) Jun-21 (R) Jul-21 Aug-21 (R) Sep-21 (P) Food Group 393,791 500,725 439,102 367,401 397,442 310,117 345,988 360,112 01 Rice 182,137 238,941 211,731 185,682 192,530 123,842 150,849 162,413 A) Basmati 64,776 79,142 73,812 73,106 84,031 49,337 70,202 64,532 B) Others 117,361 159,799 137,919 112,577 108,498 74,505 80,647 97,881 02 Fish & Fish Preparations 28,418 42,245 53,399 41,711 34,605 24,417 18,705 24,009 03 Fruits 62,644 58,094 37,585 25,250 45,063 39,460 39,204 30,726 04 Vegetables/Leguminous Vegetable 32,681 40,461 28,182 20,807 21,954 20,578 21,773 16,680 05 Tobacco 1,514…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Oct 22 2021) Currency Symbol Buying Selling Australian Dollar AUD 128 129.5 Bahrain Dinar BHD 386.75 388.5 Canadian Dollar CAD 138 140 China Yuan CNY 23.75 23.9 Danish Krone DKK 23.45 23.75 Euro EUR 201 203.5 Hong Kong Dollar HKD…

Japanese market notably higher The Japanese stock market is trading notably higher on Friday after briefly being in the red in early trades, recouping some of the sharp losses in the previous session, with the benchmark Nikkei 225 just above the 28,900 level, following the mixed cues overnight from Wall Street, as traders reacted to upbeat manufacturing and services PMI data. Traders are also upbeat after a sharp drop in coronavirus infection rates has led to the gradual reopening of the nation’s economy with Tokyo and Osaka lifting curfews. The benchmark Nikkei 225 Index is gaining 197.16 points or 0.69…

Imran Khan directs authorities to draft petrol subsidy plan According to the government of Pakistan report, the price stability is prime concern of every government as high and variable inflation not only erodes purchasing power of consumers but also discourages investment. A controlled inflationary environment contributes to financial stability and economic growth. Inflation is caused by both demand and supply side of market forces. However, demand-side inflation can be controlled through prudent government expenditure strategy and restricting government to borrow from the central bank. On supply-side not only cost of input matters but restriction on the free mobility of transportation…

Monetary policy to stay supportive Thailand’s central bank said yesterday there was high uncertainty facing the economy and monetary policy would remain accommodative to support a recovery from the country’s most prolonged outbreak of the coronavirus. The Bank of Thailand (BoT) has forecast economic growth of 0.7 percent this year, bottoming out in the third quarter and growing 3.9 percent in 2022. The economy contracted 6.1 percent last year, with the key tourism sector still struggling. Thailand’s economic recovery may still lag others and “next year, our baseline is that the financial sector and monetary policy must remain supportive,” assistant…

Greece wants ‘realistic’ EU Green policy for shipping EU shipping power Greece has told the European Commission that adding the industry to the bloc’s carbon emissions trading scheme should be proportionate and tightly enforced to secure a level playing field for the European fleet in global markets. In a letter sent to Commission head Ursula von der Leyen, Greek Prime Minister Kyriakos Mitsotakis said that countries should also get back the revenue raised by the costs their ships would pay and that money should be spent on decarbonising maritime transport. Greek-owned vessels represent 58 percent of the EU’s fleet, according…

Forecast for end of year milk price is optimistic Milk prices will finish the year higher, which is good news for dairy farmers. Class III was $15.95 in August, $16.36 in September and may improve to about $17.80 for October. The higher Class III price is the result of both higher cheese and dry whey prices. On the CME barrel cheese averaged $1.53 per pound in September and has ranged from $1.75 to $1.81 in October. The 40-pound block cheddar price averaged $1.76 per pound in September and has ranged from $1.75 to $1.85 in October. Dry whey averaged $0.54…

To succeed in business presently, you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Organizational Inertia All organizations need to know that virtually…

Studies identified that the significance of the financial system rises with the passage of time as states are moving towards economic development. As the economy becomes wealthier, the financial sector becomes larger. People need to borrow funds from the financial institutions to buy those assets which they want. It is said that car financing is one the facility of both system; Islamic banks utilized the word Ijara for this. It is necessary for both systems to know the factors that influence their demand and purchasing behavior of the customers/clients. In this fast world the managing of personal and professional life…

According to the Asian Development Bank (ADB) present report-2021 Pakistan’s economic growth rebounded to 3.9 percent in FY2020-2021 and is predicted to reach 4.0 percent in FY2021-22, as business activity steadily resumed in the second year of the Covid-19 pandemic. Experts identified that Pakistan’s economy is predicted to continue recovering in FY2022, supported through stronger private investment, enhancing business activity, a steady vaccine rollout, and economic stimulus measures for FY2022. Pakistan’s economy is on the path to recovery, supported through promising growth in the industry and services sectors. The continued rollout of the Covid-19 vaccination programme, structural reforms, and the…

Credit/Loans Classified By Borrowers* (Million Rupees) Details Jun-20 Aug-20 Jun-21 Aug-21P PERSONAL 675,679 707,968 885,881 926,352 A. Bank Employees 140,853 156,518 177,145 183,038 1) For house building 109,783 121,430 140,691 145,133 2) For transport i.e. purchase of car etc. 27,749 31,430 32,750 34,172 3) Other purposes 3,321 3,658 3,705 3,733 B. Consumer Financing 533,944 550,491 707,924 742,499 1) For house building 79,803 79,857 103,631 111,679 2) For transport i.e. purchase of car etc 211,113 221,907 308,096 325,841 3) Credit cards 43,048 47,300 55,074 58,058 4) Consumers durable 7,926 4,812 6,081 7,655 5) Personal loans 192,055 196,614 235,043 239,266 C) Other…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( OCT 08, 2021) Currency Symbol Buying Selling Australian Dollar AUD 122 123.5 Bahrain Dinar BHD 386.75 388.5 Canadian Dollar CAD 134 136 China Yuan CNY 23.75 23.9 Danish Krone DKK 23.45 23.75 Euro EUR 195.5 197.5 Hong Kong Dollar…

Canada stocks-TSX notches biggest gain in 4 months Canada’s main stock index on Thursday rallied by the most in four months, led by technology and energy stocks, as global sentiment was lifted by hopes that Washington could resolve its debt-ceiling standoff. The Toronto Stock Exchange’s S&P/TSX composite index ended up 224.55 points, or 1.1 percent, at 20,416.21, its biggest gain since June 1 and the highest closing level since Sept. 27. Gains for the index came as a temporary truce in the debt-ceiling standoff in the U.S. Congress relieved concerns of a possible government debt default this month, boosting Wall…

Imran Khan launches Kamyab Pakistan Programme Presently, the Prime Minister of Pakistan Imran Khan launched Kamyab Pakistan Program (KPP) worth Rs1400 billion to uplift 3.7 million poor households. The Premier called it a “landmark initiative” saying it will raise the living standards of the common citizens. Imran Khan said that the program has been composed with hectic attempts and consultation process and believed that it would be successful. He also called for organizing a committee to monitor its progress. Holding inequality responsible for downfall of any society, PM lamented that the existing system only facilitate the handful of elite class.…

Kuroda: Japan’s labour practices keep wage pressures under control Japanese firms have no pressing need to raise wages because they retained jobs during last year’s pandemic-induced economic slump, and thus do not need to fill job vacancies as quickly as U.S. companies, Bank of Japan Governor Haruhiko Kuroda said. The surge in demand triggered by the re-opening of the U.S. economy, and layoffs by U.S. firms to deal with the pandemic’s initial hit, have recently caused serious bottlenecks and labour shortages in the country, Kuroda said on Wednesday. That has prompted U.S. firms to raise wages to secure staff, and…

LNG shipping rates climb to multi-month highs on demand for vessels Freight rates to ship liquefied natural gas (LNG) rose to multi-month highs this week as a surge in demand for the super-chlled fuel has increased the need for vessels to move supplies, multiple trade and shipping sources said. The daily charter rate for a tri-fuel diesel-electric (TFDE) vessel that can carry 160,000 cubic metres of LNG to Pacific basin ports rose to $76,000 a day on Tuesday, the highest since February, according to data from Spark Commodities. For the same type of ship moving in the Atlantic Basin, the…

Gas prices are on the rise Natural gas prices in Europe have skyrocketed this year while storage levels are low, as the threat of power cuts over the upcoming winter loom. The unstoppable increase of global gas prices has been raising concerns across the world, especially in Europe. As of Wednesday, the European benchmark natural gas futures contract hit a record high by reaching about 117 Euros ($134), with more than a 14 percent daily jump, posing a potential threat of shortage over the winter and interruption of industrial production. Gas prices in Europe have skyrocketed to more than 400…

To succeed in business presently, you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Limits of Social Responsibility Whenever a business has disregarded…

In Pakistan, poverty has been a chief development problem. Microfinance seems to be one of the effectual solutions of removing poverty within the people in Pakistan and also in the developing countries. Researchers identified that it can assist to enhance their income. It can also assist them organize their own business and decrease their vulnerability. Microfinance also works as an instrument of self-employment for people including men and women to bring about change. Microfinance is the provision of financial services, usually in the form of small sized financial transactions to people who are unable to access such services from commercial…

According to the World Bank report, extreme poverty, which had been declining steadily for close to 25 years, exhibited a regressing trend for the first time in 2020; more than 100 million people were estimated to fall into extreme poverty in 2020 alone while an additional 23 million to 35 million are expected to be pushed into poverty by the end of 2021, bringing the potential tally of new people living in extreme poverty to 150 million. In the developing countries like Pakistan, government has been trying to remove poverty from the country by Ehsaas programmes. Ehsaas Kafaalat No doubt,…

Pakistan: Micro Credit Beneficiaries, Outstanding Loans Portfolio And Loan Disbursement As Of Dec. 2020 MFP Active Borrowers Outstanding Loans Portfolio (Rs) Number of Loans Disbursed Disbursements (Rs) Total for Pakistan MF sector 7,005,885 324,155,425,831 10,732,090 371,030,958,187 MFBs Apna Microfinance Bank 84,397 10,504,573,724 461,631 52,454,200,171 Advans Pakistan 8,517 1,074,437,207 4,436 845,345,342 FINCA Microfinance Bank 225,288 21,550,509,640 128,790 15,557,445,695 First Microfinance Bank Limited 571,125 42,583,434,872 351,102 31,216,585,579 Khushhali Bank 879,637 60,647,662,090 923,304 66,474,876,985 Mobilink Microfinance Bank 808,239 25,243,147,182 3,504,294 20,216,293,362 NRSP Bank 339,130 28,992,356,981 213,611 20,939,345,144 Pak Oman Microfinance Bank 56,061 2,519,259,822 36,015 2,862,826,100 Sindh Microfinance Bank 36,410 560,257,733 21,390 628,695,000 Telenor…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( SEP 24, 2021) Currency Symbol Buying Selling Australian Dollar AUD 122.5 124.5 Bahrain Dinar BHD 386.6 388.36 Canadian Dollar CAD 134.5 136.5 China Yuan CNY 23.7 23.85 Danish Krone DKK 23.4 23.7 Euro EUR 199.5 201 Hong Kong Dollar HKD…

FTSE 100 trims losses Stock markets are in risk-off mode on Friday, with the switch knocked the other way after Wall Street unexpected bullish reaction to the increasing hawkishness of global central banks, which is feeding through to a government bond sell-off. FTSE 100 has trimmed it losses, now down 21 points or 0.3 percent at 7,057, while the more domestically focused FTSE 250 has extended its own, down 0.7 percent to 23,666. [divider style=”normal” top=”20″ bottom=”20″] Sensex tops 60,000 for first time Indian equity benchmarks surged to new all-time highs on Friday with the BSE benchmark index – S&P…

Imran Khan calls China role model for developing countries in poverty alleviation PM Imran Khan praised China for being a “role model” for developing countries in poverty alleviation. In a video message on the 20th anniversary of Juncao Assistance and Sustainable Development Cooperation, the premier said: China is a role model for developing states in poverty alleviation. China’s extraordinary growth has brought 800 million people out of poverty over the past 4-decade. He said the world at large, but mainly the worldwide South, was grappling with multiple challenges counting climate change, poverty and food insecurity. Imran Khan added that severe…

Bank Indonesia holds rates Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country’s worst coronavirus wave. Bank Indonesia held the seven-day reverse repurchase rate at 3.5 percent on Tuesday, as expected by all 31 analysts in a Bloomberg survey. The key rate has been at that level since February, and central bank Governor Perry Warjiyo has signaled the bank could remain on hold until at least until year-end. [divider style=”normal” top=”20″ bottom=”20″] Thailand lifts debt-to-gdp cap to 70pc Thailand will raise its public debt…

Decarbonisation a defining financing factor Shipping companies that do not have a strategy to decarbonise are likely to be pushed out of the market as financing options become more expensive, according to Stephen Fewster, global head of shipping finance at ING Wholesale Banking. A member of the panel at the Baltic Exchange’s “Freight Financials – Charting the Recovery” webinar, Fewster was responding to the question of whether ship finance is likely to become more expensive for companies that do not accept decarbonisation. [divider style=”normal” top=”20″ bottom=”20″] Tanker demand could receive a welcome boost in the coming weeks The Tanker market…

USDA forecasts records for world wheat production, use and trade The US Department of Agriculture in its September World Agricultural Supply and Demand Estimates report issued Sept. 10 said the global wheat outlook for 2021-22 was for increased supplies, higher consumption, increased trade, and higher ending stocks compared with August. The USDA forecast the 2021-22 world wheat supply at 1,072.84 million tonnes, up 7.1 million tonnes from the August projection, based on higher forecast beginning stocks in Canada, the European Union and India, and higher projected production for Australia, India and China. The USDA forecast 2021-22 wheat beginning stocks at…

To succeed in business presently, you need to be flexible and have good planning and organizational skills, experts say. Starting a business requires analytical thinking, determined organization, and detailed record-keeping. It’s significant to be aware of your competition and either appropriate or enhance upon their successful tactics. You’ll almost certainly end up working harder for yourself than you would for someone else, so prepare to make sacrifices in your personal life when organizing your business. Providing good service to your customers is crucial to gaining their loyalty and retaining their business. Common Core of Unity Successful diversification by acquisition, like…

Analysis of Economic Survey of Pakistan FY2021 showed that Gwadar Port is about 630 km away from Karachi and 120 km from the Iranian border. The Port is placed on the shores of the Arabian Sea in Balochistan. It is strategically located at the mouth of the Persian Gulf, just adjacent to the Strait of Hormuz, the key shipping route in and out of the Persian Gulf. The Port is in the process of becoming the Gateway Port for the country also for the region. Sources also showed that it is the first deep seaport of Pakistan, complementing and supplementing…

According to the government of Pakistan report, the transport has an indispensable role in economic activity. Without physical access to resources and markets, economic growth and development would not be possible. An effective transport system is, therefore, a fundamental element in enabling sustainable economic development as it assists in promoting the use of natural resources, mobility of labor force and growing agricultural and industrial production. Furthermore report urged that the transport is also essential for offering access to supply chains and basic public services like health and education. Removal of physical and non-physical barriers to effective transportation, therefore, has a…

PIAC Performance Indicators Units 2017 2018 2019 2020 PIAC Fleet No. of Planes 36 32 32 30 Route Km 360,937 332,303 389,725 778,609 Available Seat Million Km 19,108 18,081 18,372 8,902 Passenger Load Factor Percent 73.20 77.3 81.3 74.5 Revenue Flown 000 Km 75,207 70,089 70,515 38,114 Revenue Hours Flown Hours 122,081 110,050 110,640 58,519 Revenue Passengers Carried 000 nos. 5,342 5,203 5,290 2,541 Revenue Passengers Million Km 13,988 13,975 14,938 6,629 Revenue Load Factor Percent 55.2 58.4 58.6 51.3 Operating Revenue Rs million – 100,051 146,097 94,683 Operating Expenses Rs million – 170,447 160,037 102,912 [divider style=”normal” top=”20″ bottom=”20″]…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Sep 10, 2021) Currency Symbol Buying Selling Australian Dollar AUD 122.7 124.7 Bahrain Dinar BHD 386.8 388.8 Canadian Dollar CAD 134 136 China Yuan CNY 23.65 23.8 Danish Krone DKK 23.35 23.65 Euro EUR 197.5 199.5 Hong Kong Dollar HKD…

Taiwan stock market expected to head south again The Taiwan stock market on Thursday snapped the three-day losing streak in which it had stumbled almost 250 points or 1.4 percent. The Taiwan Stock Exchange now sits just above the 17,300-point plateau although it’s tipped to see renewed consolidation on Friday. The global forecast for the Asian markets is mixed to lower, thanks to coronavirus concerns and sinking crude oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference. The TSE finished slightly higher on Thursday following mixed performances…

Imran Khan launches Ehsaas Education Stipends Programme Prime Minister Imran Khan urged the government was making attempts to ensure the inclusion of 20 million out-of-school children in the educational system, and, for this purpose, planned to give financial incentive to their parents to encourage their enrollment in schools. Addressing the launch of Ehsaas Education Stipends programme in the federal capital, Imran Khan said ensuring education for all was a priority of the government of Pakistan. The Stipends would play a role in encouraging parents to send their children, mainly girls, to schools. Lauding the policy of Ehsaas Stipends programme to…

Solar needs to dethrone coal to meet Indonesia goals Solar power holds the key to meeting renewable energy targets for Indonesia, but the fast-growing Southeast Asian economy needs significant reforms to steer it away from an over-reliance on coal, according to a report. The sprawling archipelago is targeting for renewables to make up 23% of its energy needs by 2025, a task that could be met by 18 gigawatts of solar-panel systems, according to a report jointly published by BloombergNEF, Bloomberg Philanthropies and Indonesia’s Institute for Essential Services Reform on Thursday. [divider style=”normal” top=”20″ bottom=”20″] S.Korea’s tax revenue grows on…

Scrubbers for the future Almost as long as scrubber technology has been commercially available for shipping, questions have been raised about the potential longevity of the technology. The potential for extending the scope of scrubber technology beyond reducing SOx emissions from high sulphur fuel oil was not a commercially viable research area for a mono-fuel world. However, scrubber manufacturers are now starting to look at how the technology can evolve over time as demands for a wider range of emissions reductions technologies builds. Manufacturers of scrubbers do not anticipate that demand for these systems will ebb, but expect that these…

Iron ore price rises as China’s imports hit record The Iron ore price rebounded on Tuesday from a seven-month low after data showed China’s imports in August picked up for the first time in five months, rising 10.1 percent over July. China imported iron ore worth a record $20 billion in August, despite steel production curbs in the world’s largest producer. Total volumes were 97.5 million tonnes. According to Fastmarkets MB, benchmark 62 percent Fe fines imported into Northern China were changing hands for $137.97 a tonne, up 4.2 percent from Monday’s closing. It was also a record month for…

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. Business Not Financial Strategy Successful acquisitions are based upon…

Experts identified that Pakistan is one of the largest labour exporting country in the region. Overseas migrant workers are the most valuable asset of Pakistan and they are playing major role in the socio-economic development of Pakistan by their remittances. Statistics showed that greater than 11.43 million Pakistanis have proceeded abroad for employment to over 50 countries by official procedures. The migration of Pakistani workers is mostly concentrated to Gulf Cooperation Council countries (96 percent) with Saudi Arabia and UAE hosting the majority. During 2020, Bureau of Emigration & Overseas Employment has registered 224,705 for overseas employment as compared to…

According to the Economic Survey of Pakistan FY2021, a robust manufacturing sector promotes domestic production, exports and generates employment, hence stimulates the overall growth of an economy. The manufacturing sector in Pakistan contributes 12.79 percent to Gross Domestic Product (GDP) and the sector employs 16.1 percent of the country’s labour force. The outstanding growth in industries’ output was partly backed through higher export orders received mostly through the textile producers in Pakistan. Besides, the growth assisted firms to rehire the staff laid off in the wake of countrywide lockdown imposed in March 2020 to deal with the first wave of…

Production of selected large-scale manufacturing items in Pakistan (July-June) Items Adjusted Weights Percentage Change Items Adjusted Weights Percentage Change FY21 FY20 FY21 FY20 Textile 29.74 15.31 -10.39 Iron & Steel Products 7.67 15.58 -17.36 Cotton Yarn 18.43 12.47 -10.83 Pig iron 2.25 0.00 0.00 Cotton Cloth 10.22 12.19 -10.66 Billets/Ingots 2.17 50.98 -18.33 Jute Goods (Total) 0.47 7.33 -3.08 H/C.R.Sheets/Strips/Coils/plates etc 3.25 -9.78 -16.64 Woollen & carpet yarn 0.47 182.34 25.33 Fertilizers 6.31 7.23 4.39 Woolen & worsted cloth 0.12 100.37 -59.78 Phos. fertilizers 0.57 18.60 -0.41 Knitting wool 0.02 -51.53 -45.76 Nit. fertilizers 5.75 5.92 4.98 Woolen blankets 0.01…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: currency rate as per open market (August 27, 2021) Currency Symbol Buying Selling Australian Dollar AUD 118 120 Bahrain Dinar BHD 386.7 388.7 Canadian Dollar CAD 130 132 China Yuan CNY 23.6 23.75 Danish Krone DKK 23.3 23.6 Euro EUR 193 195 Hong Kong Dollar HKD…

44 listed companies in Saudi Arabia score 100pc gains in a year Around 44 companies listed on the Saudi Stock Exchange (Tadawul) posted their gains exceeding 100 percent at the end of their trading Wednesday, while compared to the lowest record registered during a whole year. The benchmark Tadawul All Share Index (TASI) fell 0.3 percent or 28 points to close at 11.129 points, up by 0.1 percent, with a total value of about SR5.1 billion. The closing auction contributed to the rise of the index by 20 points, and the shares of 87 companies rose, while the shares of…

Imran Khan wants awareness campaign about EVM Sources recorded that three days after the federal cabinet planned that the government of Pakistan would use electronic voting machines for the 2023 next general elections in consultation with the opposition, Prime Minister Imran Khan presently directed the authorities concerned to launch a campaign to apprise the public and all stakeholders of the benefits of electronic voting machine (EVMs) and check undue criticism by presenting a factual review. He issued the directive while presiding over a review meeting on use of EVMs in the elections. Federal ministers Fawad Chaudhry and Shibli Faraz, Adviser…

Malaysia’s economy grows 16.1pc in Q2 The Malaysian economy grew 16.1 percent year on year in the second quarter of 2021, due to the low base from the significant decline in activity during the second quarter in the previous year when movement restriction was first imposed in the country, the central bank said on Friday. However, owing to the re-imposition of nationwide containment measures, the central bank has lowered Malaysia’s full-year GDP growth forecast this year to 3-4 percent, from the previous forecast of 6-7.5 percent, it said in a statement. The economic performance in the second quarter was mainly…

Shipping moving towards zero-emission period More needs to be done, in order for shipping to transition to the zero-carbon era. In a recent weekly report, shipbroker said that “energy is at the core of the global climate dialogue as the climate challenge is essentially an energy challenge. Policy experts around the world are focusing on reducing climate risks, accelerate the adoption of clean energy technologies and secure the transition towards new clean energy industries, while ensuring security on energy supply. As reported, net zero carbon targets have to quickly turn into real world action in order to reach long-term climate…

Govt announces incentive for mills exporting sugar The Centre on Thursday announced an incentive for sugar mills in the form of an additional domestic sales quota to those that export sugar and divert the commodity towards ethanol making, in the new 2021-22 season starting October. Sugar mills have also been asked to take advantage of firm global sugar prices and plan export of raw sugar in advance in the new season (October-September), it said. This indicates that the government is unlikely to extend the export subsidy from the new season, as it would be easier for domestic mills to sell…

Resource-Allocation Decisions The allocation of capital and performing people converts into action all that management knows about its business – they determine whether the organization will do well or well or poorly. An organization should allocate human resources as purposefully and as thoughtfully as it allocates capital. To understand a capital investment, a company has to look at four measures: return on investment, payback period, cash flow, and discounted present value. Each of these four measures tells the executive something different about a prospective capital investment. Each looks at the investment through a different lens. Decision makers should not evaluate…

Analysis of Economic Survey of Pakistan FY2021 showed that Pakistan Stock Exchange’s (PSX) performance has been remarkable this year. During July 2020 to April 2021 period, the benchmark KSE-100 index enhanced from 34,889.41 points to 44262.35 points. During this time, the Index ended at its highest point of 46,933.63 on February 3, 2021, before the third wave of COVID-19 dragged it down. As of April 30, 2021, number of listed companies reached at 532, with total market capitalization of Rs 7,718 billion. The turnover in shares reached its peak in January 2021, showing that investors were actively investing in PSX.…

International studies identified that the Foreign Inflows plays a significant role in development of any country. Although significance of such inflows is much larger in developing states but it is not limited to them. Emerging economies, even developed states, also need foreign inflows to manage their economy. However, size and the composition of such inflows are determined on the basis of country specific requirements. The need of foreign capital usually arises with the lack of capital in host country and low saving and investment ratios. Furthermore, low household income reduces the government’s earning from taxes and hence it reduces government…

Pakistan: Production Of Selected Large-Scale Manufacturing Items (During Jul-May) Items Adjusted Weights Percentage Change Items Adjusted Weights Percentage Change FY21 FY20 FY21 FY20 Textile 29.74 15.64 -10.72 Iron & Steel Products 7.67 14.14 -17.02 Cotton Yarn 18.43 12.67 -11.02 Pig iron 2.25 0.00 0.00 Cotton Cloth 10.22 12.39 -10.82 Billets/Ingots 2.17 50.80 -19.36 Jute Goods (Total) 0.47 7.87 -3.83 H/C.R.Sheets/Strips/Coils/plates etc 3.25 -11.53 -15.30 Woollen & carpet yarn 0.47 206.27 15.22 Fertilizers 6.31 6.99 5.64 Woolen & worsted cloth 0.12 111.53 -64.03 Phos. fertilizers 0.57 19.83 -1.98 Knitting wool 0.02 -52.39 -42.41 Nit. fertilizers 5.75 5.55 6.58 Woolen blankets 0.01…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( August 13, 2021) Currency Symbol Buying Selling Australian Dollar AUD 118.5 119.75 Bahrain Dinar BHD 386.7 388.7 Canadian Dollar CAD 129.5 132 China Yuan CNY 23.5 23.65 Danish Krone DKK 23.2 23.5 Euro EUR 191 193 Hong Kong Dollar…

Australian market modestly higher Australian stock market is modestly higher on Friday, extending the winning streak of seven previous sessions, with the benchmark S&P/ASX 200 moving above the 7,600 level to fresh all-time highs, following the broadly positive cues overnight from Wall Street, even as the country struggles to contain the domestic coronavirus situation, primarily in New South Wales, hindering economic activity amid lockdowns. NSW has reported 390 new local cases of COVID-19 on Thursday, the highest daily cases of the current outbreak, with more regional areas coming under tougher restrictions. Victoria recorded 15 new locally acquired cases, with active…

Government’s vision to double the income of farmers: Imran Khan Presently, Prime Minister of Pakistan Imran Khan said it was his government’s vision to double the income of farmers that would eventually lead to a rise in the country’s income. Addressing a farmers’ convention at the Baghdadul Jadid campus of Islamia University (IUB) where he launched the Kissan Card scheme, PM Imran Khan referred to a number of measures adopted through the present government to benefit the farmers. PM said Pakistan had over the past few years faced a tough condition, but now it was marching on the road to…

RPT-Thai cbank eyes credit market Thailand’s central bank will focus on creating conditions for expanding debt relief and credit for firms to boost the flagging economy, the bank’s chief said, adding that already low interest rates had become a blunt tool for many policymakers. Governor Sethaput Suthiwartnarueput also told Reuters in an interview that, while an economy under pressure from the country’s worst coronavirus outbreak yet might shrink in the third quarter from the second, he did not expect it to contract in 2021 as a whole. Curbs to contain COVID-19 have crippled activity in Thailand’s dominant in tourism sector,…

Newbuilding ordering activity in slowdown mode Newbuilding contracting has slowed down over the past couple of weeks, a development attributed by shipbroker to the usual summer lull. In its latest weekly report, shipbroker said that “the typical summer lull has seemingly taken hold of the newbuilding market as of the past week, given the considerable slowdown in fresh orders coming to light. In the dry bulk sector, we witnessed some signs of movement in the Panamax and Supramax size segments, with a couple of firm orders coming from Chinese Owners to Chinese shipyards. Moreover, given the general good sentiment in…

Iron ore price bounces back while fitch sees rally slowing ahead The most-traded iron ore for January 2022 delivery on China’s Dalian Commodity Exchange ended daytime trading up 3.7 percent at 871.50 yuan ($134.33) a tonne, after hitting its lowest since March 26 in the previous session. Iron ore prices rose on Wednesday, after five straight sessions of losses, tracking steel futures as China’s output curbs fuelled supply worries. According to Fastmarkets MB, benchmark 62 percent Fe fines imported into Northern China were changing hands for $165.48 a tonne, up 1.8 percent from Tuesday’s closing. [divider style=”normal” top=”20″ bottom=”20″] Egypt…

EVA as a Productivity Measure Measuring total-factor productivity is one of the major challenges confronting the executive in the age of knowledge work. For manual work, measuring quantity is usually sufficient. In knowledge work, we have to manage both quantity and quality, and we do not know yet how to do that. We must try to assess total-factor productivity using the common denominator of revenues and expenses. By measuring the value added over all costs, including the cost of capital, EVA (economic value added analysis) measures, in effect, the productivity of all factors of production [or the true economic costs…

Researchers identified that in early 2000s, digital payments became a worldwide phenomenon. In developing states of South Asia digital payments within the realm of Mobile Banking has presently caught more attention. With the help of digital payments, consumers pay bills for products and enterprises operate with them at the core of their business models, using various smart phones, gadgets and tablets. The benefits of digital payments are vast, when businesses and governments currently pay the cost of cash management; the benefits of going digital could save costs. A tremendous scope is seen for digital payments with the introduction of smart…

According to the Pakistan Telecommunication Authority (PTA) statistics the number of cellular subscribers in the country fell by 0.46 million to 183.48 million by end May 2021 as against to 183.94 million by end April. It may be mentioned here that a substantial number of Pakistanis even now are dependent on 2G phones for everyday use, with only 99 million using 3G/4G services with 1-2 million fixed-line internet connections. PTA also recorded that Teledensity for cellular mobile also fell from 84.11 percent by end April to 83.85 percent by end May. The total teledensity fell from 85.25 percent by end…

Deposit Distributed By Category Of Deposit Holders* (Million Rupees) Description Feb-2021 March-2021 Apr.-2021 May-2021 Jun-2021 1. Non Resident Deposits 366,712 360,675 380,288 396,655 408,322 2. Resident Deposits 16,554,735 17,055,426 16,825,649 17,048,438 18,726,948 I. Government (Including govt. trusts, NGOs, and Corporate bodies) 2,429,885 2,468,442 2,502,059 2,549,199 2,796,021 II. Non-Financial Public Sector Enterprises (NFPSE) 1,151,348 1,139,771 1,135,952 1,164,202 1,288,113 III. Non-Bank Financial Institutions (NBFIs) 452,764 734,090 554,259 507,442 876,297 IV. Private Sector (BUSINESS) 3,623,453 3,776,041 3,715,807 3,771,332 4,245,404 a. Agriculture, forestry and fishing 223,317 218,466 218,763 220,361 225,889 b. Mining and quarrying 160,851 178,621 181,588 175,490 176,117 c. Manufacturing 983,825 1,074,643 1,020,310 1,033,383…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate as per open market ( July 16, 2021) Currency Symbol Buying Selling Australian Dollar AUD 117 119 Bahrain Dinar BHD 386.7 388.7 Canadian Dollar CAD 126 128 China Yuan CNY 23.5 23.65 Danish Krone DKK 23.2 23.5 Euro EUR 185.5 187.5 Hong Kong Dollar…

Japan stocks lower at close of trade; Nikkei 225 down 0.98pc Japan stock were lower after the close on Friday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.98 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1768 to 1674 and 305 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0 percent to 17.87. Crude oil for August delivery was down 0.27 percent or 0.19 to $71.46 a barrel. Elsewhere…

Prime Minister launches succession certificates initiative for Punjab Prime Minister Imran Khan presently launched the Letter of Administration and Succession Certificates Initiative for Punjab. According to the source, under the Letter of Administration and Succession Certificates Act, legal heirs can get succession certificates from the National Database and Registration Authority (NADRA) within15-day without approaching the courts. Addressing the launching ceremony in Islamabad, the Imran khan said the government of Pakistan’s goal was to facilitate the people. A government functions on taxpayers’ money, and under a social contract, it serves the people. PM said that when such a system starts decaying, the…

China’s economy is still growing. but the recovery is slowing down China’s economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions. GDP grew 7.9 percent in the April-to-June quarter compared with the same period a year ago, China’s National Bureau of Statistics said Thursday. That rate of growth was significantly slower than the 18.3 percent year-on-year increase China registered in the first quarter — though that record-breaking figure largely reflected how much the economy slumped in early 2020, as the coronavirus pandemic…

ICS reaction to EU ETS shipping extension The International Chamber of Shipping (ICS) has released a statement following the European Commission’s proposed extension of the EU’s Emissions Trading System (ETS) to cover the international shipping sector. Other than as an ideological revenue raising exercise, which will greatly upset the EU’s trading partners, it’s difficult to see what extending the EU ETS to shipping will achieve towards reducing CO2, particularly as the proposal only covers about 7.5 percent of shipping’s global emissions. This could seriously put back climate negotiations for the remaining 92.5 percent of shipping emissions. Experts know that non-EU…

Food production receives boost in Enugu, says IFAD The Enugu State Coordinator of the International Fund for Agricultural Development (IFAD), Dr. Edward Isiwu, has said food production in the state has received a major boost. Isiwu, who is the state Programme Coordinator of IFAD’s Value Chain Development Programme (VCDP), said during a media parley in Enugu that this was made possible by capacity building of rice and cassava farmers and other interventions in the state. He disclosed that the target of the organisation was to make Enugu the hub of the staple and cash crops in Nigeria, even as he…

Turbulent times ahead It turbulent times, the first task of management is to make sure of the institution’s capacity to survive a blow. In turbulent times, the first task of management is to make sure of the institution’s capacity for survival, to make sure of its structural strengths, of its capacity for survival, to make sure of its structural strengths, of its capacity to survive a blow, to adapt to sudden change, and to avail itself of new opportunities. Turbulence, by definition, is irregular, nonlinear, erratic. But its underlying causes can be analyzed, predicted, managed. But its underlying should –…

Global economists identified that sympathetic the structure, health and potential risks of an economy are significant for decision-making within an existing operating environment and also for expansion policies. Inflation, real GDP growth and exchange rate fluctuations will directly impact consumer market potential in any country. Moreover, import and export trade profiles assist gauge how open an economy is to trade and investment, while government finances can be used to explore macroeconomic stability and susceptibility to economic shocks. They also recorded that households insights can assist identify the decision-making processes and consumption tastes of dissimilar household groups within a country, and…

According to the Pakistan Bureau of Statistics (PBS) the consumer price index (CPI) inflation general, grew by 9.7 percent on yearly basis in June 2021 as compared to a rise of 10.9 percent in the previous month and 8.6 percent in June 2020. On Monthly basis, it fell by 0.2 percent in June 2021 as compared to a rise of 0.1 percent in the previous month and a rise of 0.8 percent in June 2020. The CPI inflation Urban, grew by 9.7 percent on yearly basis in June 2021 as compared to a rise of 10.8 percent in the last…

Leading Consumer Brands In Pakistan Pepsi Coca-Cola Mountain Dew 7-Up Sprite Nestle Juice Shezan Juice Mirinda Sooper Bakeri Chocolate Chip Prince Peanut/ Pista Pik Rio Zeera Plus Gluco Mayfair Cafe Tiger TUC Marrie Dawlance LG National Sony Pel Philips Waves Haier Super Asia General Singer Nestle Milkpak Haleeb Everyday Olper’s Tarang Nido Good Milk Nurpur Nokia Samsung Blackberry LG Sony Ericsson Motorola Ufone Mobilink Telenor Warid Zong Lays Kolson Slanty Kurkure Kurleez Super Crisp Bake Parlor Cheetos Fry O Sunsilk Head & Shoulders Pantene Bio Amla Dove Lifebuoy Lux Safeguard Lifebuoy Capri Dettol Tibet Palmolive Opal Dove Lipton Tapal Brooke…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Jul 08 2021) Currency Symbol Buying Selling Australian Dollar AUD 118 120 Bahrain Dinar BHD 386.7 388.7 Canadian Dollar CAD 126.5 128.5 China Yuan CNY 23.5 23.65 Danish Krone DKK 23.2 23.5 Euro EUR 186.5 188.5 Hong Kong Dollar…

Nikkei 225 declines on delta variant concerns Tokyo’s benchmark stock index fell for a third straight day on Friday. The Nikkei Average briefly lost almost 700 points on concern about the impact of the fast-spreading Delta variant coronavirus on the global economy. Investors were also worried that a fourth pandemic state of emergency for the Japanese capital from next week will slow the country’s recovery. The Nikkei 225 finished the day at 27,940, down 0.6 percent from Thursday’s close. Analysts say investors were also worried that the decision to hold Olympic events in the metropolitan area without spectators would depress…

PM launches various mega projects in Gwadar According to the government of Pakistan, Gwadar Port is located on the shores of the Arabian Sea in Balochistan. It is about 630 km away from Karachi and 120 km from the Iranian border. It is strategically placed at the mouth of the Persian Gulf, just adjacent to the Strait of Hormuz, the key shipping route in and out of the Persian Gulf. Gwadar Port is in the process of becoming the Gateway Port for Pakistan also for the region. It is the first Deep Sea Port of the country, complementing and supplementing…

Israel, S. Korea agree Covid-19 vaccine swap Israel will deliver about 700,000 expiring doses of Pfizer-BioNTech’s coronavirus vaccine to South Korea later this month, and South Korea will give Israel back the same number, already on order from Pfizer, in September and October. South Korea has quickly distributed the COVID-19 vaccines it has, but has struggled to obtain enough doses in a timely manner amid tight global supplies, particularly in Asia. “This is a win-win deal,” Israeli Prime Minister Naftali Bennett said in a statement announcing the deal on Tuesday. “Together we will beat the pandemic.” A spokeswoman for South…

Newbuilding contracting picks up pace Proman Shipping announced signing for a further two firm 50k MRs, with delivery of both vessels set for 4Q 2023, bringing the series to six overall”. The renewal process of the global fleet has picked up pace in 2021, after a lackluster couple of years. In its latest weekly report, Clarkson Platou Hellas said that “in tankers, STX Jinhae have announced a plethora of deals this week. The yard has signed six firm 50k dwt MR’s with an unknown owner, with deliveries to begin in 2Q 2023 and run through until the end of 2023.…

Milk production increases by 100,000 tons in Rajshahi Milk production has been enhanced by around 100,000 tons while dairy farm largely expanded in Rajshahi district in last four years, delighting many people as fortune maker. In 2020, around 356,000 tons of milk was produced compared to 250,000 tons in 2016, said Ismail Haque, district livestock training officer. Dairy farming has become a blessing for people because many of them are doing business for attaining economic emancipation in the region, he said. Rabiul Karim has become an icon in the field of dairy farming in his locality at Katakhali Shyamnagar village,…

Various experts authored that wise leaders have certain leadership skills that transcend the daily requirements of a job, counting their approach to decision-making. Of course, they do not make one-sided decisions; instead, they are affected through the varying perceptions of their team also those outside the company. Their decisions are informed through their personal experience and the experience of others, and also take into account what is good not only for the company but also for society as a whole. Wise leaders model and encourage free thinking and risk-taking because they believe testing theories and arguing outcomes help cultivate wisdom…

Statistics showed that worldwide GDP is now predicted to increase by 6 percent during 2021. In Pakistan, the present report of Government of Pakistan showed that a nascent economic recovery of 3.94 percent growth in GDP is emerging in FY2021, from a pessimistic growth in FY2020. However, it is said that the fiscal framework remains under stress with higher than budgeted deficits and a resultant high debt-to-GDP ratio. Despite myriad of challenges, Pakistan’s economy is moving progressively on higher inclusive and sustainable growth path on the back of various initiatives and achievements during FY2021. Here, I would like to mention…

The Government of Pakistan recorded 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 US and China, Brexit vote for UK also rising polarization and social inequality. The pandemic has further exacerbated the prevailing trade relationships among nations. All the initiatives taken through 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 an overall decline in global output and trade…

Pakistan: Budget For The FY 2021-22 (Rs. in Billion) Resources Expenditure Tax Revenue (FBR) 5,829 A. Current 7,523 Interest Payments 3,060 Non-Tax Revenue 2,080 Pension 480 Defence Services 1,370 a) Gross Revenue Receipts 7,909 Grants and Transfers toProvinces & Others 1,168 b) Less Provincial Share 3,412 Subsidies 682 I. Net Revenue Receipts (a-b) 4,497 Running of Civil Govt. 479 II. Non Bank Borrowing (NSSs & Others) 1,241 Provision for Contingencies & Fund 25 III. Net External Receipts 1,246 Provision for Disaster / Emergency/ Covid 100 IV. Estimated Provincial Surplus 570 Provision for Pay & Pension 160 V. Bank Borrowing (T-Bills,…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (June 24 2021) Currency Symbol Buying Selling Australian Dollar AUD 117.5 119 Bahrain Dinar BHD 386.6 388.6 Canadian Dollar CAD 126.5 128 China Yuan CNY 23.5 23.65 Danish Krone DKK 23.2 23.5 Euro EUR 187.8 190 Hong Kong Dollar HKD…

KSE-100 rebounds with slight gain of 62 points The Pakistan Stock Exchange staged a rebound in yet another range bound session on Thursday and the KSE-100 index advanced just 62 points as investors adopted a wait-and-see strategy in view of the ongoing Financial Action Task Force (FATF) meeting. Earlier, trading began with a spike and the KSE-100 index crossed the 48,000-point mark in the initial hour. The market’s gains remained modest for most part of the day. At close, the benchmark KSE-100 index recorded an increase of 61.84 points, or 0.13 percent, to settle at 47,962.54. Overall trading volumes rose…

Imran Khan asks Bill Gates to set up incubation lab in Pakistan Prime Minister Imran Khan presently said that he asked Bill Gates if he could set up a Microsoft incubation lab in Pakistan. Imran Khan spoke with Bill Gates, co-chair of the Bill & Melinda Gates Foundation (BMGF) and both exchanged views on the ongoing polio eradication campaign in Pakistan also on Pakistan’s response to the public health challenges arising from the Covid-19 pandemic. PM stated that he spoke with Bill Gates and thanked him for the assist his foundation provided for polio eradication in the country. This time…

Emerging economic growth trends in Malaysia threatened by resurging pandemic, says latest world bank economic monitor Malaysia’s economy is projected to grow by 4.5 percent in 2021 amid a dramatic resurgence of the COVID-19 virus beginning in mid-April 2021. This recent spike in infections is raising concerns about the overall capacity of Malaysia’s health system and the effects of the ongoing cycle of opening and closing the economy on households and firms, according to the World Bank Malaysia Economic Monitor: Weathering the Surge, launched. This latest projection is lower than earlier forecasts of 6.0 percent growth, reflecting a slower pathway…

LPG shipping stocks – what lies ahead? The year 2021 has been volatile for the LPG shipping industry. VLGC rates hit a peak at USD 110,000pd in January but soon nosedived by more than 90 percent in February, with charter rates on the key AG-Japan route touching USD 6,000pd. The wild swings after subsiding in March-April resumed again in May. Similarly, LPG stocks also remained unstable/volatile, creating new highs and lows. The upswings in the wild rally and macro-economic factors such as the availability of refinancing options allowed operators to book strong results, which fuelled stock prices. Meanwhile, Asian demand…

Center-South Brazil H1 June sugar production decreases 3.4pc Sugar production in the key Center-South Brazil region is expected to total 2.472 million mt in the first half of June, down 3.4 percent year on year, an S&P Global Platts survey of 11 analysts showed June 22. Of the analysts surveyed, the cane crush estimate ranged from 36.4 million mt to 44 million mt. The average estimate was for a total cane crush of 40 million mt, a 4.4 percent drop year on year. Weather in the Center-South region was favorable for crushing during H1 June, with an estimated 2.2 days…

Famous Entrepreneur: Peter Jones International source records that with a net worth of 402 million pounds, the businessman Peter Jones attained his childhood dream of having a multi-million pound company. Presently he is the Chairman and CEO of several businesses and is also a prominent television personality. It is also recorded that he was born on 18th March 1966 in Berkshire, England. As a teenager he earned money from his two passions, tennis and business. He gave tennis lessons, being a good player himself. By 21, he got married and had his own house. He tried various ventures; Jones started…

With enhanced macroeconomic environment in Pakistan along with investments of approximately Rs 57,188 million, the management of K-Electric (KE) continued to show strong operational performance in the financial statement during the period for the nine months ended March 31, 2021 of the current fiscal, says the experts at KE. As a consequence, during the period under review, units sent out rose by 7.2 percent along with a 6.2 percent rise in units billed. This was chiefly because of growth in the industrial segment, which recorded 16 percent larger as against to the corresponding period previous year. The official of the…

Researchers believe that with the rise in energy usage by developing states, the financial crises has enveloped because of energy poverty. Issues like circular debt are now a main factor that has a drastic impact on the economic situation of such states. It is also believed that energy sector, being a main constituent of the economic structure of such states, has a main role to play for changes in economic condition. In the developing states like Pakistan, the present government is fruitfully overcoming energy crisis, which has direct and indirect impact on the whole economy, by rise in generation also…