China to overtake US economy by 2028-29 in covid’s wake: JCER The Chinese economy is likely to surpass that of the U.S. in either 2028 or 2029, as the Asian giant emerges from the coronavirus pandemic in a position of strength, a new study by the Japan Center for Economic Research shows. The nonprofit organization’s sixth annual report on medium-term forecasts — released on Thursday and titled “Asia in the coronavirus disaster: Which countries are emerging?” — looks at the impact of COVID-19 across 15 Asia-Pacific economies through 2035. It covers two main scenarios: a “baseline” or standard scenario, in…
Author: S. Kamal Hayder Kazmi
Tanker market looking for direction post-OPEC+ Shipping is eagerly awaiting for the impact of OPEC’s decision in the oil market and subsequently the crude tanker market. In its latest weekly report, shipbroker said that a year ago, US crude production reached its highest level ever, averaging 12.9 million b/d in November 2019. At the time, many were convinced the sector was set for robust growth in the years to come. However, the global pandemic, a brief but fierce oil price war and an unprecedented negative WTI prices back in April changed all that. In May, US output plummeted to just…
Sugar mills start production The new stock is expected to curb the price of the commodity and tame the inflation in Pakistan. A number of sugar mills have started production of the sweetener for the new season 2020-21 well on time this year. More than 20 sugar mills have started crushing sugarcane in the past one week or 10 days in Sindh out of total 30-31 mills in the province. The Pakistan Sugar Mills Association (PSMA) said the mills, including the ones in Punjab, have stared production of sweetener well on time this year. There are over 40 mills in…
The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values in the organization.…
Pakistan: Exports, Imports And Balance Of Trade (Million US $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative a b Monthly Period to Period c d Monthly Period to Period a-c b-d Jan-18 2,090 13,881 4.1 11.6 4,930 31,350 14.7 20.6 -2,840 -17,469 Feb-18 2,057 15,938 -1.6 11.9 4,260 35,610 -13.6 18.7 -2,203 -19,672 Mar-18 2,316 18,254 12.6 11.9 5,066 40,676 18.9 18.4 -2,750 -22,422 Apr-18 2,235 20,489 -3.5 12.9 4,846 45,522 -4.3 18.4 -2,611 -25,033 May-18 2,265 22,754 1.3 13.1 5,075 50,597 4.7 17.6 -2,810 -27,843 Jun-18 2,014 24,768 -11.1 12.6…
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 (Fri, Nov 27 2020) Currency Symbol Buying Selling Australian Dollar AUD 115 117.5 Bahrain Dinar BHD 402.8 404.8 Canadian Dollar CAD 120 123 China Yuan CNY 24.2 24.35 Danish Krone DKK 24.55 24.85 Euro EUR 187.5 190 Hong Kong Dollar…
The financial experts of EFU General Insurance Limited recorded in the financial statements for the nine months period ended 30 September 2020 that the Written Premium of EFU General Insurance (including Takaful) for the nine months period increased by 2 percent to Rs. 17,307 million (Takaful Contribution Rs. 1,830 million) as compared to Rs. 17,048 million (Takaful Contribution Rs. 1,773 million) for same period of previous year. The experts also recorded that the Net Premium Revenue for the nine months period (including Takaful Net Contribution Revenue) was noted Rs. 7,339 million as compared to Rs. 6,651 million for the same…
Realising the potential of agriculture and taking cognizance of the issues related to agriculture sector, the present Government of Pakistan has launched the Prime Minister Agriculture emergency programme worth Rs 277 billion to revolutionize the agriculture and livestock sectors. The objectives of the programme include improvements in water availability, soil conservation and shrimp farming. In addition, the programme also includes organizing new agriculture markets which will protect farmers from the exploitation of middlemen. The programme’s vision is ‘food secure Pakistan’, based on modern and efficient food production and distribution systems, can best contribute towards global stability and peace. The recent…
Researchers reveal that the integration of states into the global economy is often seen as a significant factor of the growing income and growth. Foreign trade grows the worldwide economy and at the same time can become a significant driver of Pakistan’s economic growth. Foreign trade promotes efficient resource allocation, enables a state to realize economies of scale, facilitates knowledge diffusion, promotes technological progress, and fosters competition in local and foreign markets, leading to production processes optimization and new product development. Substantial attention has been paid to the examination of trade balance effects on economic growth as it becomes a…
Various studies identify that women’s empowerment is a procedure of social and personal change, taking place over interlinked and mutually reinforcing political, psychological, social and economic domains, and by which women individually and collectively gain power, meaningful selections and control over their lives. It is not a linear, uncontested procedure but instead a journey characterized through negotiation and compromise, and uncertain outcomes. It is said that women’s aptitude to succeed and advance economically and the power to make and act on economic decisions is core to the understanding of a number of development institutions in the country. Various studies also…
As private capital flows have fallen, the International economists reveal that workers’ remittances have become an increasingly prominent source of external funding for various developing states. They have also revealed that international migrants contribute positively to economic growth in their countries of destination. In fact, foreign workers assist the start-ups of new firms through supplying additional labors to low- and high-skill labor-markets, this is somehow raises the efficiency of business sector in receiving states. Besides, the additional foreign workers the additional human capital accumulation in a state, which generates more economic growth and build-ups infrastructure stock that facilitates trade and…
The financial statistics released during quarter closed September 30, 2020 by the financial experts of National Refinery Limited (NRL) showed that during the period, the company incurred a loss after tax of Rs. 1,311 million resulting in loss per share of Rs. 16.40 as against to loss after tax of Rs. 679 million which resulted in loss per share of Rs. 8.49 in the same period. The period witnessed a careful approach towards the revival of economic activity all over the world with a fear of a second wave of pandemic-Covid-19 spread with the onset of winters. The condition severely…
At the end of September 2020, State Bank of Pakistan (SBP) identified that the infrastructure of Islamic banking industry remained same with 22 Islamic banking institutions (IBIs); 5 full-fledged Islamic banks (IBs) and 17 conventional banks having standalone Islamic banking branches (IBBs) in Pakistan. However, the branch network of IBI saw a quarterly raise from 3,274 branches to 3,303 branches. Statistics identified that branches are concentrated in Punjab, followed by Sindh and Khyber Pakhtunkhwa (KPK). The number of Islamic banking windows was operated through conventional banks having IBBs reached at 1,386. Assets of IBI grew from Rs 3,633 billion by…
Unluckily the outbreak of Covid-19 has disturbed the business environment of Pakistan. The experts reveal that the main victims of the Covid-19 outbreak are micro, small, and medium-sized enterprises (MSMEs) in Pakistan. Companies are facing several issues like financial, supply chain disruption, decrease in demand, reduction in sales and profit, among others. Besides, over 83 percent of enterprises were neither prepared nor have any plan to handle such a condition. Furthermore, now it is difficult to survive of the companies if the lockdown policy again implemented in the country. In this outbreak condition, the present Government of Pakistan is still…
Habib Bank Limited (HBL) over the years, has grown its branch network and maintained its position as the largest private sector bank in Pakistan and is also shaping the future by a paradigm shift as a technology company with a banking license. HBL’s multiple digital channels are assisting it get closer to its customers by innovative and frictionless ways. No doubt, the bank is a leading full-service commercial bank. The key areas of operation are Branch Banking, Corporate & Investment Banking, Treasury, SME & Rural Banking, Financial Institutions & Global Trade Services, Transaction Banking and Islamic Banking. Presently in the…
No doubt, Indus Motor Company (IMC) stood still in playing a major role in the development of the entire value chain of the local auto industry. It is also proud to have contributed in poverty alleviation at the grass root level by nurturing localization. This, in turn, has directly created thousands of job opportunities and transferred technology to over 46 vendors supplying parts. The Company is also a major tax payer and significant contributor to the Government’s exchequer. The financial experts of the IMC calculated during quarter and nine months ended March 31, 2020, that IMC’s combined sales of CKD…
Presently Pakistan’s external debt and liabilities reached historical level of $113.8 billion at the end of September 2020, due to fresh borrowing from multilateral and bilateral sources on account of public debt. The economists reveal that economic growth and development is a main goal of most developing states; hence resources are mobilized from various sources counting external borrowing for investment into viable projects for growth acceleration. Sustainable economic growth is a predominant concern for all states, particularly developing economies that frequently face burgeoning fiscal deficits mostly driven by higher levels of debt service, chiefly external debt servicing and widening current…
In Pakistan, the economic report shows that as economies reopen with expectations that the adverse impact of COVID-19 is bottoming out, there is an on-going debate over the shape of the economic recovery. No doubt presently, investors have fears about fall in economic growth and business profits because of a fall in demand in the country. Further, still, restriction on imports in various countries may dampen demand for Pakistan’s exports. Capital flight is also predicted with prevailing uncertainty and vulnerabilities, thus putting pressure on the exchange rate. The economic report also show that the economic outlook is not very clear…
Sensex ends 110 points lower, Nifty slips to 12,969 ahead of GDP data Domestic stock markets took a breather a day after benchmark indices jumped 1 percent, as investors weighed the prospect of Covid-19 vaccines against global economic slowdown. The S&P BSE Sensex index fell 264.33 points, or 0.60 percent, to 43,995.41 at the weakest level recorded during the session, and the broader NSE Nifty 50 benchmark declined to as low as 12,914.30, shedding 72.7 points, or 0.56 percent, from its previous close. Selling pressure in IT, energy and infrastructures shares outweighed buying interest in automobile and PSU bank stocks.…
PM Imran approves national job portal for youth Prime Minister Imran Khan approved establishment of a National Job Portal to offer opportunities to the unemployed youth of Pakistan. He gave the approval during a meeting with Special Assistant on Youth Affairs Usman Dar held. The Prime Minister said that youth is a precious asset of Pakistan and it is priority of the present government to empower them. On the occasion, Dar briefed the prime minister about the Kamyab Jawan programme and progress on the provision of loans to the youth. He also gave a detailed briefing regarding the National Job…
Japan leads economic ‘zoom boom’ out of recession It had seen its economy shrink during 2020 as lockdowns hit its manufacturing sector and consumer spending. The world’s third biggest economy is now showing signs of recovery, although some analysts cautioned that further growth is likely to be modest. Asian economies are leading the way for a global economic recovery, in what some have called a “Zoom boom”. This refers to the increase in demand for screens and laptops as more people work from home, and use online meeting platforms like Zoom. Asian economies are among the largest producers of laptops,…
Shipping bodies call on Jeff Bezos to take a stand for stranded seafarers at industry round table The leaders of the major shipping bodies met virtually to discuss the most pressing issues facing the industry as we move into 2021. The Round Table chairs reiterated the that the industry is fully committed to finding solutions to the crew change and climate crises. Top of the agenda was the continued lack of international recognition for seafarers as key workers. Despite 90 percent of global trade relying on shipping in some part. The upshot was a joint open letter to Amazon CEO…
Tanzanian tea import can save millions As one of the biggest tea importers around the world, Pakistan can save millions of dollars if it starts importing the commodity from Tanzania, instead of routing it through Kenya, remarked Tanzanian Chamber of Commerce President Paul Koyi. During meetings with businessmen associated with the Korangi Association of Trade and Industry (KATI) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday, Koyi pointed out that in volumetric terms, tea was one of the main import goods of Pakistan. Though there is a general belief that tea comes mainly from Kenya, one-third…
The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values in the organization.…
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 (Fri, Nov 06 2020) Currency Symbol Buying Selling Australian Dollar AUD 111 113.5 Bahrain Dinar BHD 403.8 405.8 Canadian Dollar CAD 118.5 120.5 China Yuan CNY 23.85 24 Danish Krone DKK 24.05 24.35 Euro EUR 186 188.5 Hong Kong Dollar…
Net FDI In Pakistan ($ Million) Country 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Jul-Sep FY21 (P) China 90.6 695.8 340.8 1,048.30 763.2 1,311.90 130.8 844.1 103.6 UK 633 157 169.6 151.7 215.4 304.6 185 117.3 27.9 USA 227.1 212.1 223.9 15.7 45.7 161.7 88.1 97.2 18.9 Hong Kong 242.6 228.5 136.2 187 123 183.6 171 190.7 38.4 Switzerland 149 209.8 -6.5 59.5 101.7 78.5 21.2 61.8 7.3 U.A.E. 22.5 -47.1 235.3 114.6 120.1 -4.4 103.7 -44.2 -21.6 Italy 199.4 97.6 115.4 105.4 61.5 56.6 51.9 56.4 6.8 Netherlands -118.7 5.5 -34.5 29.9 457.6 100.3 69 133.2 49.1 Austria…
Analysis of Quarterly Report of National Bank of Pakistan (NBP) published September 30, 2020 showed that during the Covid-19 pandemic, the Bank’s focus is to sustain its income streams also asset quality, while creating liquidity for its clients so that the workers continue to get paid their wages and businesses carry on their operations uninterruptedly. The financial experts of NBP also explained that given the Bank’s systemically significant role in Pakistan’s financial system, the management of the Bank has to ensure its resilience to shocks while continuing to support the communities it serves. The report also showed that because of…
The studies identified that countries should strive to promote a wider use of bank deposits not only to aid economic development and poverty alleviation but good to complement the mainstream macro prudential strategies to improve financial stability in a country. Moreover, banks have always played a significant position in any country’s economy. The experts also identified that they play a decisive role in the development of the industry and even trade. They are acting not only as the custodian of the wealth of the country but also as resources of the country, which are essential for the economic development of…
Volatile week at PSX closes in green Volatility marred the outgoing week at the Pakistan stock market as sharp ups and downs punctuated the daily trading sessions amid concerns over the rising Covid-19 cases and uncertainty stemming from the US presidential elections. The KSE-100 finished the week up 843.61 points or 2 percent to close at 40,731.61 points. Taking cue from last week’s close, trading kicked off on a negative note on Monday as fears over outcome of the second wave of the Covid pandemic dented sentiments. Expectations of another round of restrictions and lockdowns kept investors wary. However, bears…
Housing sector revival in Pakistan, ray of hope for lower middle class Under Prime Minister Imran Khan’s “Naya Pakistan” the revival of pro-poor housing facilities initiative is a ray of hope for the lower-middle-income groups yearning to live a dignified life in their own shelter. Unlike the previous regimes, the present government of Pakistan explained strong commitment and launched comprehensive efforts for offering 5.0 million housing units to the low-income group in pursuance of the government of Pakistan’s manifesto. To attain the objective, the Federal Government Employee Housing Authority (FGEHA) has been tasked which already introduced dissimilar schemes in line…
Pandemic forces Indonesia’s economy into recession for 1st time in 20 years Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control the coronavirus pandemic. Statistics Indonesia, the central statistics agency, said Thursday that Southeast Asia’s largest economy contracted at a 3.49 percent annual pace in July-September, the second consecutive quarterly contraction. The economy shrank at a 5.32 percent pace in the previous quarter and grew 2.9 percent in January-March, its slowest rate in almost two decades. Indonesia has reported nearly 422,000 confirmed cases…
Newbuilding activity showing signs of “life” Most of the activity these days is centered around the S&P market, with ship owners looking for quality tonnage, mainly in the dry bulk market. However, some activity was also evident in the newbuilding market as well. In its latest weekly report, shipbroker Allied Shipbroking said that “it seems as though we have seen some sort of revival in buying interest in newbuilding projects as of late, as a series of fresh orders came to light during this past week. In the dry bulk sector, the increased activity of previous week resumed, with orders…
Commodity Markets In 2020 Ways to invest in iron ore Australia is the largest producer of iron ore by far, with Western Australia’s Pilbara region being a notable hotspot for the commodity. The country’s iron ore production came in at 930 million metric tons (MT) of usable iron ore in 2019, or 580 million MT of iron content, according to the US Geological Survey. Other major producers in the iron-mining industry include Brazil, China and India. Most iron ore trades under contracts in which major counterparties negotiate annual price changes. In recent years, oversupply, paired with lower-than-expected demand from the…
Leadership and motivation The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values…
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 Currency Rate As Per Open Market (Fri, Oct 23 2020) Currency Symbol Buying Selling Australian Dollar AUD 113 115.5 Bahrain Dinar BHD 408.8 410.8 Canadian Dollar CAD 122 124 China Yuan CNY 24.05 24.2 Danish Krone DKK 24.7 25 Euro EUR 190.5 193 Hong Kong Dollar HKD…
Top companies in Pakistan Nestlé KFC Pizza Hut Pepsi and Coco-Cola Unilever LG Samsung Apple Toyota Imperial chemical industry General Tyre & Rubber Company of Pakistan Ltd. Berger Paints Pakistan Ltd. McDonald’s Pakistan. Khaadi Abbott Laboratories Pakistan Limited. Agility Pakistan (Pvt) Ltd. Air Blue (Pvt) Ltd. Al-Ghurair Giga Pakistan Top fashion retail brands of Pakistan who have revolutionised the market SANA SAFINAZ BONANZA SATRANGI J. OUTFITTERS KHAADI NISHATLINEN GULAHMED LIME LIGHT SAPPHIRE ALKARAM [divider style=”normal” top=”20″ bottom=”20″] FDI in Pakistan (US Million $) Sector 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Jul-Sep FY21 (P) Oil & Gas 559.6 502…
Analysis of Economic Survey of Pakistan released during FY2019-20 recorded that the Small and Medium Enterprises Development Authority (SMEDA), the apex SME development organization of the government, has an all-encompassing mandate of fostering growth of the SME sector in Pakistan. SMEDA’s broad portfolio of services includes; business development services, infrastructure development by organizing common facility centers, industry support for productivity enhancement and energy efficiency, human capital development by its training programs, and SME related projects with national and international development partners. It is also analyzed that SMEDA was awarded a contract for a project titled feasibility/research study on cluster development…
For developed countries, the exports are also a significant variable but their exports based on capital goods while the least developed countries’ exports based on primary products. The prices of the primary products are low and more volatile in foreign markets. So the least developed countries suffer higher export instability challenges than the developed countries because of the inelastic and unstable demand and supply of their exports. The high degree of export instability for these primary products may have an adverse effect on the growth of developing states. Various researches were carried out to check the unfavorable effects of export…
Stocks gain slightly in volatile trading The stock market underwent a volatile ride on Friday, hitting intraday low of 41,064.54 points before cherry-picking helped it recover. The Pakistan Stock Exchange (PSX) opened up on the back of positive expectations about the Financial Action Task Force (FATF) meeting. Later, the FATF decided to keep the country on grey list until February 2021 as the watchdog found that Pakistan had successfully complied with 21 out of 27 points of action. The benchmark KSE-100 index, however, failed to sustain the bullish momentum and continued to drop as investors resorted to profit-booking towards the…
Debt payoff initiative yields Pkr 1.0 bn Prime Minister Imran’s initiative to sell state land to pay off ballooning public debt culminated when the Privatisation Commission (PC) board accepted the sale of 23 properties at a meagre price of Rs1.1 billion. Privatisation Commission board unanimously accepted the bidders’ price for the auctioned properties,” said a statement issued by the Ministry of Privatisation after the board meeting, chaired by Federal Minister for Privatisation Mohammad Mian Soomro. It is said that total Twenty-three properties were auctioned with auction proceeds of Rs1.113 billion against the reserve price of Rs1.011 billion. The auction price…
DOSM expects Malaysia’s economic recovery to continue The Department of Statistics Malaysia (DOSM) expects the country’s economy to continue its recovery trend based on the smoothed growth rate of leading index (LI), a predictive tool to anticipate upturns and downturns in the economy. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the LI registered 108.5 points in August 2020 from 100.8 points in August 2019, maintaining an annual growth of 7.6 percent. However, he said the LI slipped to -0.5 percent, dragged by the number of new companies registered (-0.6 percent), real imports of semi conductors (-0.4 percent), and…
Dry bulkers in demand Dry bulk carriers have been in high demand recently, as ship owners looked to capitalize on second hand investment opportunities. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the SnP market remained active this past week, with interest amongst buyers being spread across the all segments. However, the most interesting point was the robust activity in the Capesize market for yet another week. Meanwhile, there was no clear pattern in buying preference with regards to age this past week. This could mean that buying confidence in the sector is…
Grains-wheat falls 1pc, but losses limited by global output worries U.S. wheat futures fell 1 percent on Thursday, as traders booked profits after prices hit a near six-year high in the previous session, although losses were limited on concerns about adverse weather in key producing regions. Corn edged lower despite concerns about global production; soybeans also fell. The most-active wheat futures on the Chicago Board of Trade were down 1 percent at $6.23 a bushel by 0356 GMT. Wheat hit a near six-year high of $6.38 a bushel on Wednesday, but ended 0.4 percent lower. Despite edging lower, analysts said…
Leadership and motivation The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values…
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 Currency Rate As Per Open Market In Pakistan (Oct 09 2020) Currency Symbol Buying Selling Australian Dollar AUD 116 119 Bahrain Dinar BHD 414.5 416.5 Canadian Dollar CAD 122.5 125 China Yuan CNY 24.05 24.2 Danish Krone DKK 24.95 25.25 Euro EUR 191 194 Hong Kong Dollar…
Cargo & container handling at Karachi Port (000 tonnes) Fiscal Year Imports Exports Total %Change Imports Exports Total 2015-16 34,594 15,451 50,045 – – – 2016-17 42,638 9,855 52,493 23 -36 5 2017-18 41,669 13,016 54,685 -2 32 4 2018-19 32,863 14,031 46,893 -21 8 -14 2019-20 (Jul-March) 21,860 12,295 34,155 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Motorways Project Sr. No. Motorway Length (Km) Status 1 M-1 (Peshawar-Islamabad) 156 Completed 2 M-2 (Islamabad-Lahore) 357 Completed 3 Havelian-Mansehra 39 Completed 4 Hazara Motorway (E-35) 59 Operational 5 Hakla-D.I.Khan 285 Under construction 6 Sialkot-Lahore 91.3 Operational 7 Lahore-Multan (M-3) 230…
The studies revealed that a modernised and well-functioning road network with an integrated transport system ensures regional and global economic connectivity and integration. It reduces business costs for improving export competitiveness and trade to uplift socioeconomic growth along with offering passenger mobility gains. Furthermore, the said network is surely desired to be environmentally and economically sustainable also energy efficient. Asian Development Bank (ADB) has been helping the Government of Pakistan in attaining efficient road networks through not only constructing projects but also at the policy level. First ever National Transport Policy has been accepted through the Government of Pakistan in…
Still in Pakistan, Pakistan Railways offers a significant mode of transportation in the farthest corners of the country and brings them closer for business, sightseeing, pilgrimage and education. It is said that Pakistan Railways has been a great integrating force and forms the life line of Pakistan through catering to its needs for large scale movement of people and freight. Pakistan Railways is a single main mode of transport in the public sector, contributing to economic growth and offering national integration. Statistics identified that it comprises total of 474 locomotives for 7,791 km length of the route. Analysis of economic…
KSE-100 powers past 40,000-mark in bullish trade Bulls held ground at the stock market on Thursday and helped extend gains from the preceding session on back of surge in global financial markets. An uptick in global equities enticed market participants at the local bourse to renew investments and assume fresh positions, thus pushing the KSE-100 index past the 40,000-point barrier. Surging global oil prices further encouraged investment in local oil scrips and aided them to close the session in green. At close, the benchmark KSE-100 index recorded an increase of 503.66 points, or 1.26 percent, to settle at 40,353.62 points.…
*PM Imran welcomes Facebook’s investments in Pakistan Prime Minister Imran Khan and Facebook’s Chief Operating Officer Sheryl Sandberg held a virtual meeting on Friday to discuss the social media giant’s investments in Pakistan, its support for digital literacy initiatives and its work concerning Covid-19. Imran Khan welcomed Facebook’s investments and programs in Pakistan and urged the company to increase their footprint, Radio Pakistan reported. The Primer also recognised the potential of digital platforms and the role they can play in offering worldwide opportunities to the country’s youth and entrepreneurs. PM Imran Khan also noted how such opportunities can lift people…
Asia-Pacific Countries 2020 Vietnam’s economic hopes fade as covid-19 takes away business Vietnamese officials have lowered expectations for their country’s normally fast-growing economy in 2020. The officials noted that weakness in the international economy has reduced demand for exports and international travel. Vietnam’s $260 billion economy has grown 6 percent or more each year since 2012 because of an increase in manufactured exports. Vietnamese officials say the economy will grow just 2 percent in 2020. That is down from an earlier target of 2.5 percent. The Asian Development Bank estimates that the economy will expand at a rate of just…
Tankers steal the show among newbuilding contracting Ship owners turned to tanker ordering over the course of the past week. In its latest weekly report, shipbroker said that it was a week in which tankers attracted all of the attention in the newbuilding market, after a prolong period of relative absence, while the dry bulk market remained quiet. In particular, we witnessed just one new order being reported in the dry bulk market last week, with an order for two Kamsarmaxes being placed from Hong-Kong based interests. The sector’s freight market remains robust, with fundamentals relatively healthy, but it seems…
World Commodities Trading OPEC: oil demand will grow until late 2030s OPEC expects global oil demand will exceed the pre-pandemic levels in 2022 and grow steadily until the late 2030s, when it will begin to plateau, the cartel said on Thursday, in a major shift in its forecast that put a timeline to peak oil demand. The coronavirus pandemic has changed some of the key assumptions in forecasts of all organizations and oil majors, including of OPEC, which said in its World Oil Outlook 2020 today that “Going forward, the big question hanging over energy and oil markets is to…
Leadership and Motivation The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values…
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 Currency Rate As Per Open Market In Pakistan (Rs) (Sep 25 2020) Currency Symbol Buying Selling Australian Dollar AUD 117.5 119.5 Bahrain Dinar BHD 419.5 421.5 Canadian Dollar CAD 125 127.5 China Yuan CNY 24.3 24.45 Danish Krone DKK 25.05 25.35 Euro EUR 193.5 195.5 Hong Kong…
Net FDI In Pakistan ($ Million) Details 2009-10 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Aug FY21 (P) China 126.1 90.6 695.8 340.8 1,048.30 763.2 1,311.90 130.8 844.1 6.6 UK 205.8 633 157 169.6 151.7 215.4 304.6 185 117.3 18.6 USA 227.7 227.1 212.1 223.9 15.7 45.7 161.7 88.1 97.2 14.9 Hong Kong 80.3 242.6 228.5 136.2 187 123 183.6 171 190.7 15.6 Switzerland 129.9 149 209.8 -6.5 59.5 101.7 78.5 21.2 61.8 4.1 U.A.E. 36.8 22.5 -47.1 235.3 114.6 120.1 -4.4 103.7 -44.2 -15.4 Italy 200.1 199.4 97.6 115.4 105.4 61.5 56.6 51.9 56.4 5.8 Netherlands 22.3 -118.7…
In Pakistan, statistics showed that in the first two months of the current fiscal year of 2020-21 the Foreign Direct Investment (FDI) jumped 40 percent to $226.7 million as overseas investors are encouragingly betting on economic recovery from the five-month of downturn. International studies revealed that the overall advantages of FDI for developing country economies are well documented. Given the appropriate host-country strategies and a basic level of development, the experts also said that FDI triggers technology spillovers, helps human capital formation, contributes to foreign trade integration, assists create a more competitive business environment and improves enterprise development. It is…
According to the statistics released by the Pakistan Bureau of Statistics (PBS), the Large-scale Manufacturing Industries (LSMI) production increased by 5.02 percent on a year-on-year basis during the first month (July) of the current fiscal year (FY21) as against to the same month of previous year. Statistics also showed that the LSMI Quantum Index Number (QIM) was registered at 134.14 points in July 2020, against 127.73 points in July 2019. The highest rise experts recorded of 2.25 percent was witnessed in indices monitored by the Ministry of Industries, followed by 1.77 percent rise in indices monitored by the Provincial Board…
Benchmark KSE-100 index falls 105.14 points to settle at 41,701.23 In line with the performance during the week, the stock market once again slipped into the red zone in range-bound trading on Friday and lost about 100 points. The benchmark KSE-100 index opened downwards and despite brief spikes, it continued its march towards south. Persistent selling pressure pushed the index downwards. At close, the benchmark KSE-100 index recorded a decrease of 105.14 points, or 0.25 percent, to settle at 41,701.23 points. Oil and gas marketing companies led the volumes with 64.1 million shares changing hands, followed by vanaspati firms (47.5…
*PM Imran Khan proposes measures to curb illicit financial flows Addressing a high-level panel on FACTI (Financial Accountability, Transparency and Integrity) on the sidelines of the ongoing United Nations General Assembly session, Prime Minister of Pakistan Imran Khan said the international community must take decisive actions to halt what he called bleeding of the poor and developing countries. The Prime Minister’s Office said the event was organised to current interim report of the FACTI panel, which identified main gaps in implementation and systemic shortcomings of the existing international frameworks for tax cooperation, anti-corruption [and] anti-money laundering. Khan said Pakistan appreciated…
Indonesia sees economy contracting for first time since 1998 Indonesia’s economy is set to contract for the first time since the Asian financial crisis more than two decades ago as the country struggles to get virus cases under control. Gross domestic product is forecast to decline 0.6 percent to 1.7 percent this year, Finance Minister Sri Mulyani Indrawati said Tuesday at a briefing in Jakarta. The government previously had estimated the economy could grow 0.2 percent or shrink by as much as 1.1 percent. [divider style=”normal” top=”20″ bottom=”20″] Taiwan’s economy, trade break-off from mainland a dream: experts The Chinese foreign…
Ship owners looking for more deals in the dry bulk segment Ship owners are actively looking for more deals in the dry bulk S&P market. In its latest weekly report, Intermodal said that it was another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction in dry trade freight rates, there is still ample purchasing appetite displayed from interested parties, while vessel values – more or less – remain stable. It is said that in the Capesize front, clients of Berge Bulk are linked to the…
Commodity markets in 2020 Oil prices slide on Libyan export talks, surging European virus cases Oil declined as Libya signaled the resumption of some crude exports, while surging coronavirus cases clouded the outlook for demand and weighed on risky assets. Futures in New York fell 2.1 percent toward $40 a barrel. Libya is moving closer to reopening its battered oil industry after it told companies to resume production at some fields that are free of foreign mercenaries and fighters. This will add to already rising supply from OPEC+ nations, and comes as virus infections are starting to increase again in…
Leadership and motivation The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values…
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 Currency Rate As Per Open Market In Pakistan (Rs) ( Sep 11 2020) Currency Symbol Buying Selling Australian Dollar AUD 118 119 Bahrain Dinar BHD 421 423 Canadian Dollar CAD 125.5 128.5 China Yuan CNY 24.1 24.25 Danish Krone DKK 25.55 25.85 Euro EUR 194 196 Hong…
Pakistan: Workers’ Remittances (Million US Dollars) Item Mar-20 Apr-20 May-20 Jun-20 FY20 Jul-20 I. Cash Flow 1,901.06 1,790.05 1,866.37 2,466.28 23,120.97 2,768.13 1 USA 359.60 401.91 421.98 451.95 4,163.39 250.60 2 U.K. 247.55 226.60 284.82 401.04 3,465.61 393.91 3 Saudi Arabia 452.28 451.37 436.15 619.43 5,432.63 821.55 4 U.A.E. 421.82 353.80 323.37 431.68 4,662.52 538.19 Dubai 288.57 255.28 238.75 322.99 3,207.46 443.13 Abu Dhabi 123.59 88.60 76.40…
International experts revealed that falling remittances may affect sovereign ratings by external finances and economic growth. Remittances are a key source of foreign currency receipts. As a consequence, lower remittances would most likely widen current account deficits, contributing to higher external financing needs. Unluckily Covid-19 pandemic is crippling the economies of rich and poor countries alike. Yet for many low-income and fragile states, the economic shock will be magnified through the loss of remittances — money sent home by migrant and guest workers employed in foreign countries. Remittances should enhance beginning in 2021, but the recovery is probable to be…
The Analysis of Economic survey of Pakistan FY2020 showed that broad money enlarged by Rs 1,481.3 billion during 01 Jul-24 Apr, FY2020 against with Rs 540.6 billion previous year. This higher money growth was because of to a sharp expansion in the NFA of the banking system, mainly of the State Bank of Pakistan (SBP). Net Foreign Assets (NFA) point contribution has grown to 5 percent during the period under review against with the negative growth of 5.6 percent in the corresponding period last year. NDA point contribution reached at 3.3 percent reflecting government spending to fight against the Covid-19…
Renewed selling pressure predicted for Taiwan stock market The Taiwan stock market has finished higher in two of three trading days since the end of the two-day slide in which it had stumbled more than 150 points or 1.1 percent. The Taiwan Stock Exchange now rests just above the 12,690-point plateau although it figures to head south again on Friday. The TSE finished modestly higher on Thursday following gains from the financial shares and a mixed picture from the technology stocks. For the day, the index gained 83.17 points or 0.66 percent to finish at 12,691.75 after trading between 12,650.40…
*Prime Minister rubbishes mindset doubting patriotism of dual national Pakistanis Prime Minister Imran Khan rubbishing the mindset doubting the patriotism of dual nationals, said Pakistan should better create conducive conditions for the expatriates to tap that valuable asset. “I can’t understand why the people label the dual nationals as traitors. They just went abroad as we could not give them jobs. Now as they have qualified (in their fields) abroad, we don’t have matching jobs for them here. They are an asset for us. We will just have to facilitate them,” the prime minster said while addressing the launching ceremony…
Japan’s worst postwar economic downturn could force new leader to boost stimulus Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession. Other data put that challenge in perspective, with household spending and wages falling in July as the impact of the pandemic kept consumption frail even after lockdown measures were lifted in May. The world’s third-largest economy shrank an annualised 28.1percent in April-June, more than a preliminary reading of a 27.8percent contraction, revised…
An EU ETS for shipping would undermine a global GHG solution Yesterday the World Shipping Council published a paper highlighting serious concerns for maritime trade and global efforts to reduce greenhouse gas emissions if the EU expands its Emissions Trading System (ETS) to include international shipping. The WSC paper focuses on a critical threshold issue for application of the EU ETS to shipping: geographic scope. The most-discussed geographic application of the EU ETS to shipping is to mirror the scope of existing EU legislation on Monitoring, Reporting and Verification (MRV) of carbon emissions. The EU ETS has been described as…
Commodity Markets In 2020 Sugar industry needs to outsource field production, upgrade technology Sugarcane is one of the highest yielding crops for producing biofuel in the world. In Brazil sugarcane’s total energy content is 437.7 GJ/ha with only Oil Palm in Indonesia coming close at 329.2 GJ/ha. Corn falls intermediate between these two. Sugarcane is one of the most efficient plants on earth and has a photosynthetic efficiency of 1 to 2 percent. With good soil, tested varieties and excellent management production techniques assisted with advanced crop monitoring apps, sugarcane production should be in the vicinity of 80-110t/ha. Some sources…
Leadership and motivation The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values…
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 Currency Rate As Per Open Market In Pakistan (Sep 01 2020) Currency Symbol Buying Selling Australian Dollar AUD 120.5 123 Bahrain Dinar BHD 421.5 423.5 Canadian Dollar CAD 125 128 China Yuan CNY 24.25 24.4 Danish Krone DKK 25.7 26 Euro EUR 198 201 Hong Kong Dollar…
Key Information including window Takaful for the period ended March 31, 2020 (Business underwritten inside Pakistan) (PKR in ‘000) Name of Companies Premium/ Contribution Premium Written Contribution underwritten Total Premium incl. Takaful Cont Net Premium Revenue Net Contribution Revenue Tot. Net Prem. Inc. Taka Cont. Rev. Adamjee Insurance 2,833,839 500,052 3,333,891 1,816,516 184,896 2,001,412 Alfalah Ins. Co 1,025,227 153,332 1,178,559 451,894 74,549 526,443 Allianz EFU Health 876,459 94,826 971,285 335,328 33,675 369,003 Asia Insurance 101,878 15,352 117,230 121,766 6,068 127,834 Askari Gen. Insc. 513,735 91,690 605,425 471,408 24,464 495,872 Atlas Insurance 825,141 68,426 893,567 336,349 30,622 366,971 Century Insurance 237,018…
The studies revealed that insurance is one of the main and significant fields of the economy. To protect people from risks and from dangers is the main part of the insurance. As we know in modern period there are too many accidents, bad events and unexpected dangers. These risks can happen every time and unpredicted in life. Truly speaking, people always think about this problem, how to escape from these risks. For this cause insurance is considered the best tool for these problems. People use insurance to keep their assets and life under guarantee. So, insurance gained popularity globally. Insurance…
The people every day receive injuries in a road accident due to various reasons mainly high speeding as it is one of the most dangerous habits on the road. In Pakistan speeding has become so commonplace that most of the time we don’t even give a second thought to someone that is traveling above the speed limit. Globally 1.25 million people die according to World Health Organization (WHO), in road traffic accidents every year and about 50 million sustain injuries. Statistics also revealed that road accidents in the last 10 years in Pakistan, 7,000 to 10,000 people die every year…
KSE-100 inches upward in volatile session Investor sentiment turned slightly bullish at the stock exchange on Monday, fuelled by hopes for a lower inflation reading for August 2020, which aided the market to close up by 55 points in a tumultuous trading session. Market participants pinned their hopes on an expected drop in the inflation rate for August, which may lead to a further reduction in the policy rate in the monetary policy announcement in September. In addition to that, the rupee staged a modest recovery against the US dollar in the past few days, lending support to the market.…
*PM Imran wants Karachi Transformation Plan to be finalised in 1-week Prime Minister Imran Khan has directed the Ministry of Planning, Development & Special Initiatives to finalise the proposed ‘Karachi Transformation Plan’ after taking all stakeholders on board so that it can be accepted and implemented without further delay. Imran Khan issued these directives during a detailed briefing given to him, which was attended by Minister for Planning, Development & Special Initiatives, Governor Sindh Imran Ismail, Minister for Maritime Affairs Syed Ali Zaidi, Chairman NDMA Lt. Gen. Muhammad Afzal, secretaries of relevant ministries and senior officers in person and through…
Asia-Pacific Region New Chinese rules could complicate a sale of Tiktok’s US business China appears to have complicated efforts to sell TikTok to an American company by introducing new rules that could allow Beijing to veto any potential deal. The twist in the TikTok saga stems from notices published by the Chinese government on Friday, when officials revised rules that govern the sale of certain kinds of technology to foreign buyers. The updated list includes data processing, speech and text recognition — the kind of tech that experts say is used by the popular short-form video app. The announcement marked…
The end of the US shipping tax exemption for Hong Kong On 19 August 2020, the US State Department announced the “suspension or termination” of various agreements with Hong Kong, including the termination of the bilateral, US-Hong Kong International Shipping Agreement, which relates to the tax treatment of shipping income. This is the one of the most recent examples of the Trump Administration’s ongoing efforts to eliminate certain differential treatment of Hong Kong compared to the People’s Republic of China. The US State Department made the announcement following President Trump’s Executive Order 13936 (July 14, 2020) which, among other things,…
Crude oil demand reaches plateau Global oil demand growth is expected to taper off, Julianne Geiger said quoting the latest report from IHS Markit, the world’s largest energy consultancy. Global oil demand is currently sitting at 89 per cent of pre-pandemic levels, it said. It is then expected to rise and level off at between 92pc and 95pc of the demand pre-pandemic. Oil demand growth, therefore, will wane and plateau through Q1 2021 as fewer people are commuting to work, and as air travel slumps considerably amid remaining travel restrictions and people’s subdued appetite for air travel—particularly international air travel,…
Leadership and Motivation The Success of the entire business depends on the most important resource of any organization which is certainly human resources. They are creators and makers of new technical, technological and organizational solutions, creators of new values, controllers of working process and development of business systems. The key question is: who will manage human resources and motivate them so that the whole organization performs better. Leadership is one influence, one work of art and the process of impact on people, in sense that those who are affected are voluntarily and willingly participating in the creation of new values…
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 Currency Rate As Per Open Market In Pakistan (Aug 15 2020) Currency Symbol Buying Selling Australian Dollar AUD 119.5 123 Bahrain Dinar BHD 427 429 Canadian Dollar CAD 124 128 China Yuan CNY 24.2 24.35 Danish Krone DKK 25.8 26.1 Euro EUR 196 199 Hong Kong Dollar…
Production Of Selected Large-Scale Manufacturing In Pakistan (during Jul – May 2020) Items Adjusted Weights Percentage Change Items Adjusted Weights Percentage Change FY20 FY19 FY20 FY19 Textile 29.74 -10.66 -0.10 Iron & Steel Products 7.67 -17.02 -10.78 Cotton Yarn 18.43 -11.02 0.02 Pig iron 2.25 0.00 0.00 Cotton Cloth 10.22 -10.82 0.12 Billets/Ingots 2.17 -19.36 -24.66 Jute Goods (Total) 0.47 -3.83 -8.01 H/C.R.Sheets/Strips/Coils/plates etc 3.25 -15.30 3.20 Woollen & carpet yarn 0.47 17.82 1.27 Fertilizers 6.31 5.64 6.97 Woolen & worsted cloth 0.12 -54.75 -29.05 Phos. fertilizers 0.57 -1.98 2.53 Knitting wool 0.02 -42.27 -8.77 Nit. fertilizers 5.75 6.58 7.55…
During the first nine months of fiscal year July-March FY2020, the Pakistan’s cement industry recorded a healthy growth. Cement sector performance has backed through the increased exports chiefly clinker, which went up by 100 percent during the period under review. Local/domestic demand for cement also picked up the pace as government raised the development expenditures and enhanced remittances inflow may also uplifted private construction activities. Statistics showed that the new fiscal year has kicked off on an upbeat note for the cement sector as its sales soared through a healthy 37.8 percent to 4.838 million tons in July 2020 from…
The present government of Pakistan statistics showed that, took over $13 billion in foreign loans in the previous fiscal year — the second highest amount in history — to repay maturing external debt and cushion the shrinking foreign exchange reserves. According to facts and figures compiled by the Ministry of Economic Affairs, during FY2019-20 that closed on June 30, Pakistan received $13.2 billion worth of gross loans from bilateral and multilateral lenders counting IMF and commercial creditors. With the fresh borrowing, statistics showed that Pakistan has received a whopping $29.2 billion in foreign loans in the past two years, counting…
US indexes recover as S&P lingering below record highs The S&P 500 was near flat, hovering below record highs, on Friday as data showed the US economy was still hurting from the COVID-19 pandemic, adding to uncertainty over the recovery. Aggressive stimulus measures have helped the three main US stock indexes bounce back from a coronavirus-driven crash in March, and the S&P 500 briefly traded above its Feb. 19 record close for a second straight day on Thursday. But the index has been unable to finish above the record, partly as prospects of more fiscal aid have faded with the…
*PM holds telephonic conversation with Maldivian President Prime Minister Imran Khan in a phone call to Maldivian President Ibrahim Mohamed Solih emphasised the need for stronger ties between the two countries. PM reaffirmed Pakistan’s desire to work with the Maldives to strengthen mutually beneficial cooperation, bilaterally and in the region,” the Prime Minister Office (PMO) said in a statement. Mr Solih tweeted: Had a very engaging phone conversation with Pakistan’s PM this afternoon in which we updated each other on COVID 19 measures in our respective countries and also, how we could further improve the already warm and fraternal relations…