Import Payments By Transport And Petroleum Groups In Pakistan (Thousand US Dollar) Details Jul-20 ( R) Aug-20 ( R) Sep-20 ( R) Oct-20 Nov-20 ( R) Dec-20 ( P) a. Transport Group 131,403 95,945 166,536 154,199 181,981 266,594 1. Road Motor Vehicles 89,737 70,292 98,498 116,275 145,994 187,551 1.1 Completely Built Unit (CBU) 9,540 6,615 5,697 11,456 16,251 32,355 A. Buses,Trucks & Oth. Heavy Vehicle 5,914 2,964 4,983 5,354 6,368 12,375 B. Motor Cars (CBU) 3,558 3,644 457 5,681 9,859 19,896 C. Motor Cycles (CBU) 68 7 257 421 24 84 1.2 Completely Knock Down (CKD) 59,766 51,951 79,829 89,701…
Author: S. Kamal Hayder Kazmi
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Jan 23 2021) Currency Symbol Buying Selling Australian Dollar AUD 122.5 124.5 Bahrain Dinar BHD 405.8 407.8 Canadian Dollar CAD 124.5 127 China Yuan CNY 24.9 25.05 Danish Krone DKK 25 25.3 Euro EUR 193.5 195.5 Hong Kong Dollar…
Policy rate, tariff concerns pull KSE-100 down The Stock Market once again turned bearish on Friday as investors were concerned about the monetary policy announcement later in the day by the State Bank of Pakistan. The central bank left the benchmark policy rate unchanged at 7 percent for the next two months. At close, the benchmark KSE-100 index recorded a decrease of 116.42 points, or 0.25 percent, to settle at 45,868.04 points. The KSE-100 index recorded across-the-board selling on concern over the monetary policy decision, which was announced in the last hour of trading, and redemption from mutual funds. Overall,…
Prime Minister Of Pakistan PM Imran Khan rolls out ‘Raast’ initiative to move to cashless economy The Government of Pakistan took another step towards the digital world presently with the launching of Raast – Pakistan’s first instant payment system that enabled end-to-end digital payments among individuals, businesses and government entities within seconds. Prime Minister Imran Khan launched the Raast at a ceremony. The initiative is part of the prime minister’s “Digital Pakistan Vision” aimed at including the poor segments of society in the formal economy. It is said that Raast is a big step towards realising Pakistan’s potential; it will…
China still needs Australia to power its economic recovery China and Australia spent much of last year in a tense standoff on trade. But as the recovery of the world’s second largest economy gathers pace, China needs more iron ore and Australia is still its main supplier. Beijing on Monday reported that China’s GDP grew 2.3 percent last year, averting the recession that gripped much of the world as the coronavirus pandemic spread. GDP in the fourth quarter grew by 6.5 percent, compared with a year earlier. Of big help was the Chinese government’s decision to invest heavily in infrastructure…
Global milk supply growth forecast to slow in 2021 Despite the disruption to food markets by coronavirus early in the year, dairy markets recovered quickly and remained surprisingly robust through 2020. This resulted in better than expected growth in milk deliveries, which are estimated to have increased by just under 4.9bn litres (1.7 percent) in 2020 compared to 2019. Government support packages were put in place in most of the key dairy producing regions, protecting consumption of dairy through income support or direct purchases. The EU and Argentina experienced much higher growth rates than predicted, although all regions except Australia…
Most inspiring leader of all time Martin Luther King Jr. It is said that very few Americans are as celebrated as Martin Luther King Jr., (MLK) the Baptist minister and social activist who led in the United State the Civil Rights Movement until his tragic death during 1968. As an African-American born in the rural south during 1929, MLK faced an uphill battle all his life. Growing up in Atlanta, Georgia, the young Martin was considered a precocious student who paid little attention to his studies and found great discomfort in religion. That all started to change in his junior…
The experts record that Pakistan’s cement industry has recorded a healthy growth during the first nine months of fiscal year July-March FY2020. Cement sector performance has backed through the increased exports mostly clinker which went up by 100 percent during the period. Domestic demand for cement has picked up the pace as Government of Pakistan increased the development expenditures and enhanced remittances inflow may also have uplifted private construction activities. Moreover, statistics show that the cement industry in the country kicked off the FY20-21 on an exciting note. During the first six months of the current fiscal year, total cement…
Presently, China-Pakistan Economic Corridor (CPEC) has become a household word in Pakistan. It has attained significant milestones through joint efforts of the governments, enterprises, and people of both countries-Pakistan and China. The economists of Pakistan record that the economy of Pakistan was moving towards stabilization. Business confidence was recovering and prices have started settling down, twin deficits were under control and economy was slowly moving towards sustainable growth when the shock of the COVID-19 outbreak hit the economy. As far as the CPEC is concerned it is very important to increase the economic growth of Pakistan. The economists also mention…
Pakistan: Cement Industry Analysis July to June Production % age Local % age Exports % age Total % age Capacity Surplus Capacity Incr/(Dec) Despatches Incr/(Dec) Incr/(Dec) Despatches Incr/(Dec) Utilization Capacity (Mn. Tonnes) (Mn. Tonnes) (Mn. Tonnes) (Mn. Tonnes) (Total) % age (Mn. Tonnes) 1991 8.89 0.00% 7.29 0.00% – 0.00% 7.29 0.00% 81.99% 1.60 1992 8.89 0.00% 7.71 5.79% – 0.00% 7.71 5.79% 86.74% 1.18 1993 8.89 0.00% 8.32 7.94% – 0.00% 8.32 7.94% 93.62% 0.57 1994 9.05 1.77% 8.14 -2.26% – 0.00% 8.14 -2.26% 89.92% 0.91 1995 10.17 12.43% 8.38 3.00% – 0.00% 8.38 3.00% 82.37% 1.79 1996 10.17…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Jan 08 2021) Currency Symbol Buying Selling Australian Dollar AUD 122 124 Bahrain Dinar BHD 405.8 407.8 Canadian Dollar CAD 124 126 China Yuan CNY 24.5 24.65 Danish Krone DKK 25.35 25.65 Euro EUR 194 196.5 Hong Kong Dollar HKD…
The FTSE 100 had a stellar first week of 2021 The FTSE 100 roared ahead in the first week of 2021, jumping more than 6 percent compared to increases of roughly 0.13 percent on the US’s S&P 500 and 1 percent on Germany’s Dax. A number of factors have driven the FTSE higher: the signing of a post-Brexit trade deal with the EU; the approval and rollout of coronavirus vaccines; and the Democrat victories in the Georgia Senate runoff elections in the US. Each of these promise to aid an economic recovery in 2021 that will help the industrial, financial,…
Prime Minister Of Pakistan *Pakistan’s success story with Imran Khan in 2020 The government of Prime Minister Imran Khan has handled the economic impact of pandemic with effective strategies and emerged successful during tough times in 2020 as well. No doubt, the year 2020 has known to be a tale of challenges worldwide. The Outline of the significant milestones mention below achieved through the government of Pakistan during last year along with a set of the Prime Minister’s New Year resolutions for year 2021: Health Sehat Sahulat Card for entire Punjab (end of year 2021), entire KP including ex-FATA merged…
World Bank prediction on Bangladesh economy inconsistent: Finance Minister Finance Minister AHM Mustafa Kamal has said the World Bank is not consistent in its prediction about Bangladesh’s economy. “Sometimes, they make a prediction and then frequently shift positions,” he told reporters after a meeting of the Cabinet Committee on Public Purchase. His remarks come against the backdrop of World Bank’s forecast that Bangladesh’s GDP growth will be 1.6 percent in the fiscal year 2020-21 when the government set it at 7.4 percent in the national budget. On the economic performance, Mustafa Kamal said Bangladesh has been doing better compared to…
Global Maritime Industry Ocean shipping companies lead the fight against the empty container build-up The willingness of shipping lines to make direct cost outlays and forego revenue to reduce the empty container backlog shows the incredible support being given by ocean carriers to keeping Australia’s supply chain functioning. Empty container congestion has been a problem at major ports all round the world. This is a result of unprecedented consumer demand driven by a Covid-induced shift from spending on services to spending on goods. In Sydney, the problem was exacerbated by weather events and industrial action. Carriers are being limited to…
Defra cut UK harvest 2020 wheat production estimate: feed market report UK ex-farm grain prices gained throughout December. With spot feed wheat quoted at £197.60/t and feed barley at £143.30/t, on 31 December. This has increased the discount of feed barley to feed wheat even further, now at £54.30/t. UK wheat has been following global grain prices up due to a very tight domestic supply, this has been supporting feed barley prices. On 22 December, Defra released their final estimates for the 2020 UK crop. Reductions were seen for both wheat and barley production. The largest decline was for wheat,…
Most inspiring leader of all time Winston Churchill is long remembered as one of the greatest leaders in modern history and the savior of democracy. He was tasked with the daunting task of leading Britain and the Allied powers to victory against the Nazis during the Second World War. His wisdom, upright character and persistence led Britain from the brink of defeat to victory in the most brutal war of the 20th century. Winston Churchill was born to an aristocratic family in 1874 and served in the British military. He would go on to become a prolific writer before entering into…
International research reveal that science, technology and innovation no doubt have become main factors contributing to economic growth in both advanced and developing states. In the knowledge economy, information circulates at the global level by trade in goods and services, direct investment and technology flows, and the movement of citizens. The Research also identify that the Information technology (IT) has been at the heart of economic changes for more than a decade. This sector plays a significant role, notably through contributing to rapid technological progress and productivity growth. The Companies use information technology to organize transnational networks in response to…
Presently the Government of Pakistan is intending to introduce renewable energy in Pakistan in phases where the first phase expects 20 percent by 2025. No doubt, Pakistan is successfully overcoming energy crisis, which has direct and indirect impact on all sectors of the economy, by raise in generation as well as in transmission capacity of the system. Pakistan’s new Renewable Energy Policy is predicted to attract investment opportunities because of transparent policies of the government. The Government of Pakistan has set ambitious targets to introduce 25 percent renewable energy by 2025. Sources recorded that further 30 percent renewable energy would…
Pakistan: Exports And Imports Of Goods & Services (As Per BPM6) (Million US$) Description Jul Aug Sep OctR NovP FY21 FY21 FY21 FY21 FY21 Goods and Services Balance (A-B) -2,018 -1,829 -1,950 -1,792 -1,949 1. Goods – Export (FOB) 1,897 1,510 1,956 1,960 2,227 2. Exports of Services 405 357 459 430 507 1. Manufacturing Services on Physical inputs owned by Others 0 0 0 0 0 2. Maintenance and Repair Services n.i.e. 0 0 0 0 0 3. Transport 34 33 36 30 30 4. Travel 25 24 33 40 47 5. Construction 9 14 7 10 9 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 ( DEC 26, 2020) Currency Symbol Buying Selling Australian Dollar AUD 119 121 Bahrain Dinar BHD 405.8 407.8 Canadian Dollar CAD 121 123 China Yuan CNY 25 25.15 Danish Krone DKK 25.45 25.75 Euro EUR 192 194 Hong Kong Dollar…
Bulls maintain hold, lift KSE-100 by 329 points Investors’ sentiment remained bullish at the Pakistan Stock Exchange on Thursday as the benchmark KSE-100 index gained 329 points ahead of a long weekend. During the session, the country achieved the milestone of $200 million worth of inflows into Roshan Digital Accounts and the news mainly fueled the market’s uptrend. On the back of investor optimism, index-heavy automobile, cement and financial sectors closed with handsome gains. Foreign institutional investors, however, divested over Rs2 billion worth of shares, thus capping gains. Earlier, trading began with a jump and the KSE-100 index managed to…
Massive Honey Production Initiative by PM Imran Khan Prime Minister Imran Khan has launched a billion tree honey initiative hoping to raise the Pakistan’s forest cover with a focus on the production of honey while creating new green jobs and enhancing the Pakistan’s economy. Imran Khan revealed the country’s sweet ambitions at the launch ceremony saying the honey production drive would benefit the local community where the plantation will take place and “also assist enhance the environment, enhance exports, and create career opportunities for the youth. When local people will see the advantages and earn income, they will protect forests…
Thailand’s economic outlook for 2021 The Thai economy will grow next year after contracting by almost 10 percent this year. Next year, the Thai economy is expected to expand 3 to 4 percent from this year. It will not be until the end of 2022 before the Thai economy returns to its pre-Covid level of 2019. However, if there is another wave of Covid-19 in Thailand, or if effective vaccines are delayed, the recovery could be slower than anticipated. The recovery is contingent upon a rebound in tourism and exports. Should large-scale vaccination become available by June 2021, large, advanced…
Dry bulk market expected to rebound during 2021 The dry bulk market could be heading towards a renewed wave of demand for raw materials, as the global economy is expected to grow once more after the pandemic. In its latest weekly report, shipbroker said that as we all know, China forges more steel than the rest of the world combined, and even during this unprecedented pandemic, the nation is set to break a nine year record with iron ore imports increasing this year to above one billion tons. The outlook on the market price of iron ore is also strong,…
Commodity markets in 2020 The mystery behind rising iron ore prices Over the past couple of months, the steel industry has witnessed constant dialogue between iron ore miners and steel producers, aimed at reaching common ground on the availability of a key commodity for manufacturing steel—iron ore. While manufacturers of the alloy have gone up to the Prime Minister’s Office (PMO) seeking a ban on exports of iron ore citing sky-high prices, miners of the key raw material—whose pellets form about 60 percent of the cost of production of steel—claim that steel mills have been importing iron ore to suppress…
Most inspiring leader of all time Quaid-i-Azam Muhammad Ali Jinnah The Nation celebrated the birth anniversary of the Founder of Pakistan Quaid-i-Azam Muhammad Ali Jinnah on 25th December 2020 across the country with traditional zeal and fervour. Mohammed Ali Jinnah was an Indian politician who successfully campaigned for an independent Pakistan and became its first leader. He is known there as ‘Quaid-I Azam’ or ‘Great Leader’. Jinnah was born on 25 December 1876 in Karachi, now in Pakistan, but then part of British-controlled India. His father was a prosperous Muslim merchant. Mohammed Ali Jinnah studied at Bombay University and at…
According to the State Bank of Pakistan’s (SBP) present Special Section on Covid-19 and the need to boost digital connectivity in the country, Pakistan’s e-commerce market is predicted to have enlarged to Rs 234.6 billion in FY20 during the pandemic. On yearly basis, the sector witnessed growth of up to 55.5 percent. It is recorded that while economies in the world had to adapt to this sudden disruption in the usual business activities because of the Covid-19, the country’s retail and e-commerce sector has also witnessed this shift towards online solutions to meet their customers’ requirements. SBP also recorded that…
Government of Pakistan has been reviving industrialization yet, as the only procedure to alleviate poverty and attain inclusive growth by wealth creation. It is said that this is the first government which has a strategy to industrialize and incentivize through promoting ease of doing business to raise investment and alleviate poverty in Pakistan. No doubt, international experts recorded that the world is marked through huge inequalities. The effects of the disparities are multifaceted, and they are constantly present in the interplays between states, regions, and the whole world with its markets, trade patterns and political structures. But it also affects…
Corona Virus Symptoms It can take up to 14 days for symptoms of coronavirus to appear. The main symptoms to look out for are: FEVER – this means you feel hot to touch on your chest or back (you do not need to measure your temperature). It is a common sign and also may appear in 2-10 days if you affected. COUGHING – this means coughing a lot for more than an hour, or 3 or more coughing episodes in 24 hours (if you usually have a cough, it may be worse than usual). SHORTNESS OF BREATH – Around 1…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Dec 12, 2020) Currency Symbol Buying Selling Australian Dollar AUD 118.5 120.5 Bahrain Dinar BHD 403.8 405.8 Canadian Dollar CAD 123 125 China Yuan CNY 24.5 24.65 Danish Krone DKK 25.15 25.45 Euro EUR 192 194.5 Hong Kong Dollar…
Taiwan stock has a green light for Monday’s trade The Taiwan stock market bounced higher again on Friday, one session after ending the two-day winning streak in which it had jumped almost 270 points or 2 percent. The Taiwan Stock Exchange now rests just above the 14,130-point plateau and it’s looking at a steady start again on Monday – although it may see profit taking later in the day. The global forecast for the Asian markets is positive on optimism for economic stimulus and a coronavirus vaccine. The European and U.S. markets were up and the Asian bourses figure to…
Imran Khan inaugurates Pakistan’s new private airline AirSial International Experts record in today’s world, aviation facilitates access to countries and cities, increases multi layered efficiencies in travel and makes safety and security in travel top priorities. The aviation sector is rapidly taking gender equality at heart. Aviation is therefore ideally positioned to support the innovation discourse and its potential impacts on new mobility. Aviation has truly has been at the forefront of innovation to become one of the safest and most reliable modes of transportation in the world today. Statistics showed that the volume of air traffic is surprising to…
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…
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…