Author: S. Kamal Hayder Kazmi

Asia-Pacific Countries 2020 Indonesian economy contracts for first time in over two decades As a result of the global coronavirus pandemic, Indonesia’s economy has suffered its first contraction in more than two decades. The steep decline in economic activity this year has had an impact far greater than previously anticipated, with the threat of recession looming. Indonesia, Southeast Asia’s largest economy, saw its gross domestic product (GDP) shrink by 5.3 percent year-on-year in the second quarter, according to data from Statistics Indonesia released last Wednesday. The country’s last contraction occurred in the first quarter of 1999, at the tail-end of…

Worldwide shipping industry “In the doldrums” International Experts revealed that few new vessels are built and the scrapping rate is high. Times are tough for yards and manufacturers as demand is low. Many of them are on the verge of bankruptcy and competition is fierce. For most of the yards, the main focus is on retrofitting. Prices of HFO and MGO follow the oil price and stay at a high and increasing level in 2020 and beyond. MGO remains the most expensive, at approximately 50 percent above the HFO price, whereas LNG is decoupled from the oil price and trades…

World Commodities Trading Oil prices and consumption A huge number of pundits and organizations have trumpeted the idea that the pandemic will accelerate the peak in world oil demand, due to a combination of slower economic growth and changing consumer behavior. Most amusing are those who think the instability in oil prices will discourage use of oil, as if a drop in price would scare away consumers. Without a doubt economic growth and income are the primary drivers of oil consumption, but price is the most important secondary element. It’s not that a price crash will encourage consumers to leave…

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 (Jul 24 2020) (Rs) Currency Symbol Buying Selling Australian Dollar AUD 115 119 Bahrain Dinar BHD 426 428 Canadian Dollar CAD 123 127 China Yuan CNY 23.85 24 Danish Krone DKK 24.65 24.95 Euro EUR 190 193 Hong Kong Dollar HKD…

Pakistan: Human Development Index And Its Components Country/ Region HDI Human Development Index (HDI) Average Annual HDI Growth Life Expectancy at Birth Expected Years of Schooling Mean Years of Schooling Gross National Income (GNI) per capita (2011 PPP $) Multidimensional Poverty Index Rank Value (%) -2018 [2010-2018] SDG-3 SDG-4.3 SDG-4.6 SDG-8.5 Headcount (%) World – 0.731 0.6 72.6 12.7 8.4 15,745 23.1 South Asia – 0.642 1.18 69.7 11.8 6.5 6,794 31 Iran 65 0.797 0.68 76.5 14.7 10 18,166 – Sri Lanka 71 0.78 0.49 76.8 14 11.1 11,611 – China 85 0.758 0.95 76.7 13.9 7.9 16,127 4.5…

According to World Bank’s present statistics, total 10 percent of the world’s population or 734 million people lived on less than $1.90 a day. In the wake of coronavirus, World Bank estimates that 40 million to 60 million additional people would decline into extreme poverty (under $1.90/day) in 2020, compared to 2019, depending on assumptions on the magnitude of the economic shocks. Under the pandemic, the worldwide condition of poverty may become worse because of job loss, increasing prices, disruptions in supply chains, loss of remittances, education, and health services. No doubt, the Government of Pakistan is committed to poverty…

During July-March, FY2020, the Government of Pakistan statistics showed that the Pakistan Poverty Alleviation Fund (PPAF) managed to disburse an amount of Rs 2,469 million to its POs under its core interventions administered under various PPAF supported programs. Statistics also showed that during the same period, a total of 3,636 community institutions were formed, and 1,317 community and PO staff members were trained under Instittional Development and Social Mobilization component. Similarly, the Government of Pakistan officials also recorded that, under Livelihood Enhancement and Protection (LEP) component, 4,027 individuals received skills/entrepreneurial training and 10,615 productive assets were transferred to ultra, and…

Nikkei 225 outlooks Japan’s Nikkei 225 stock market benchmark may fall when resuming trade next Monday after a long weekend. This is mainly attributed to US headwinds as the initial weekly jobless claims count climbed for the first time since 27th March, to 1.416 million. It is also higher than the market forecast of 1.30 million. This probably also marks a resurgence of unemployment, alongside a second Covid-19 viral wave in the ‘sun belt’ states of the US. A sobering US trading session may have set a downbeat tone for Asia stocks at the open. But this seems more like…

Imran Khan says ‘red-tape’ chokes development of projects In Pakistan, Prime Minister Imran Khan said that development projects he introduced have been hampered because of the ‘red-tape’ culture. With an obvious reference to Pakistan’s entrenched bureaucracy, Imran said that red-tapism chokes development projects in Pakistan. Referring to complexities of systems in Pakistan, PM said: unluckily, the government of Pakistan system was hampered with red tape leading to its degeneration. Such hurdles created hold-ups on the way to development. Speaking at the ground-breaking ceremony of Quaid-e-Azam Business Park, being developed outside Lahore in Sheikhhypura, PM said his government was busy reforming…

‘Philippine economy to shrink 8pc in 2020 The Philippine economy is projected to contract by 8 percent this year as a prolonged community quarantine and inadequate fiscal support would likely delay its recovery. In a report on Thursday, London-based research consultancy firm Capital Economics said the new forecast was a further reduction from its earlier -6 percent forecast. Capital Economics’ latest projection is worse than the -3.6 percent forecast of the International Monetary Fund, the -3.8 percent of the Asian Development Bank and the –1.9 percent of the World Bank. The figure is also a reversal of the 6 percent…

“Sink or swim” In both China and India, international experts revealed that, percentage growth in the population moving into the middle class has declined, and anticipated growth in Inter-Asian trade is quite modest. Still, the BRICKTIM countries constitute 40% of the world population and have outgrown the largest economies of the past. Yard capacity is at an all-time high, order books are empty and the yards are suffering as a result of low newbuilding activity. They are more than willing to develop innovative solutions. However, there are few buyers, apart from some risk-willing first movers, due to limited capital availability.…

Commodity Market In 2020 Global coal consumption According to the Energy Information Administration (EIA), combustion of coal emits about 210 pounds of CO2 per million British thermal units (BTU) of energy. In comparison, oil emits about 160 pounds of CO2 per million BTU, and natural gas emits 117 pounds of CO2 per million BTU. Another issue with coal is that there are a lot of other associated emissions from coal-fired power plants. Historically, coal plants emitted a lot of sulfur dioxide, which causes acid rain. Regulations eventually reined in that problem, but coal-fired power plants still emit pollutants like mercury.…

Thales of Miletus changed the world Wise leaders have certain leadership skills that transcend the everyday requirements of a job, including their approach to decision-making. Offcourse, they do not make one-sided decisions; instead, they are affected by the varying perceptions of their team as well as those outside the company. Their decisions are informed through their personal experience and the experience of others, and also take into account what is good not only for the company but also for society as a whole. Wise leaders model and encourage free thinking and risk-taking because they believe testing theories and arguing outcomes…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Jul 10 2020) (Rs) Currency Symbol Buying Selling Australian Dollar AUD 113 117 Bahrain Dinar BHD 426 428 Canadian Dollar CAD 121 125 China Yuan CNY 23.75 23.9 Danish Krone DKK 23.95 24.25 Euro EUR 185.5 188.5 Hong Kong Dollar…

Pakistani Workers Registered For Overseas Employment Countries 2015 2016 2017 2018 2019 Saudi Arabia. 522,750 462,598 143,363 100,910 332,713 U.A.E. 326,986 295,647 275,436 208,635 211,216 Oman. 47,788 45,085 42,362 27,202 28,391 Qatar. 12,741 9,706 11,592 20,993 19,327 Bahrain. 9,029 8,226 7,919 5,745 8,189 Malaysia. 20,216 10,625 7,174 9,881 11,323 Total 939,510 831,887 487,846 373,366 611,159 [divider style=”normal” top=”20″ bottom=”20″] Contraceptive Trends In Pakistan* Details Current Estimate for 2019 Increasing trend in Projection to 2020 _ Additional Users of Modern Contraception 2,115,000 2,748,000 _ Modern Contraceptive Prevalence Rate (mCPR AW) 17.7% 18.5% _ Unmet Need for Modern Contraception (MW) 27.1% 27.1%…

Studies in the recent years, revealed that women empowerment has become a very significant issue of the world. Women’s access to higher education is believed a tool of their empowerment in the intellectual, organizational, social, economic, administrative and familial spheres. Truly speaking, empowerment is an active multidimensional procedure, which should enable women to realize their identity and powers in all spheres of life, counting greater autonomy in decision making, capability to plan their lives, and greater control over the circumstances that influence their lives. In spite of all these, the present government plays an important role in making supportive strategies…

The Government statistics showed that Pakistan is the 2nd largest manpower/labour exporting country of South Asia. Bureau of Emigration and Overseas Employment (BE&OE) has recorded greater than 11.11 million emigrants for employment abroad. Statistics also showed that during 2019, the Bureau of Emigration & Overseas Employment recorded 625,203 for overseas employment as against to 382,439 emigrants in 2018 explaining a rise of 242,764 people as against to the previous year. It is also showed that Saudi Arabia (KSA) is the main destination country for Pakistani emigrants where greater than 53 percent of emigrants proceeded, followed by UAE (33.78 percent), Oman…

Rally may stall for Taiwan stock market The Taiwan stock market has finished higher in back-to-back trading days, collecting nearly 100 points or 0.8 percent along the way. The Taiwan Stock Exchange now sits just above the 12,190-point plateau although it may run out of steam on Friday. The global forecast for the Asian markets is soft on growing fears of another coronavirus wave. The European markets were down and the U.S. bourses were mostly in the red and the Asian markets figure to open in similar fashion. The TSE finished slightly higher on Thursday following gains from the cement…

Imran Khan inaugurates first ventilator manufacturing facility Pakistan Prime Minister Imran Khan inaugurated the production facility of the first indigenously developed ventilators in Pakistan at the National Radio & Telecommunication Corporation (NRTC) in Haripur. The Prime Minster was given a detailed briefing about the history, sectors of research and development, products and services of NRTC. The NRTC has already produced 15 units of SafeVent SP100 ventilators and has a capacity to manufacture 250-300 units per month. PM Imran Khan commended the initiative of NRTC team and the Ministry of Science and Technology for successfully producing the locally-made ventilators. “We have…

Keeping Indonesia’s economy afloat through the COVID-19 pandemic Indonesia faces one of the most difficult outlooks in Asia amid the economic pandemic unleashed by COVID-19. The principal economic problem is not the old one of capital flight, but about funding the fiscal response necessary to address a massive once-in-a-lifetime shock. With little on offer from the international system, Indonesia is rightly looking to find its own way, including by having taken the unorthodox step of allowing the central bank to directly finance part of the budget deficit. To enable this, the central bank could establish a clearly defined policy of…

“Knowing the ropes” International report revealed that with growth rates of 4percent in the Western world and 8percent in China and India, the world economy is strong. The exploration for and production of natural resources is increasing due to strong economic growth. This has a substantial effect on seaborne trade, especially the bulk and container markets. Trade growth doubles compared to world growth. In this scenario, Inter-Asia trade is expected to triple by 2020 compared to the 2012 level. This has a strong impact on the midsize container segment, bulk segment and associated port facilities. Overall, the experts also estimated…

Commodity Markets In 2020 Polish coal industry The coronavirus has ripped through Poland’s coal mines, where men descend deep underground in tightly packed elevators and work shoulder-to-shoulder to extract the source of 75 percent of the nation’s electrical power. Of Poland’s more than 36,000 reported COVID-19 cases, about 6,500 are miners – making them nearly a fifth of all confirmed infections in the country, even though they make up only 80,000 of the country’s population of 38 million. The virus hot spots, centered in the southern Silesia region, have paralyzed an already-troubled industry, forcing many to stay home from work…

“Fall forward” – denzel washington’s inspiring speech You’ve invested a lot in your education, and people have invested in you. And let me tell you the world needs your talents, and does it ever? The world needs a lot and we need it from you. We really do. We need it from you, young people. I mean, I’m not speaking for the rest of us up here, but I know I’m getting a little grayer. We need it from you, the young people, because remember this: you’ve got to get out there, and you got to give it everything you…

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 (Jun 25 2020) Currency Symbol Buying Selling Australian Dollar AUD 114 118 Bahrain Dinar BHD 428 430 Canadian Dollar CAD 122 126 China Yuan CNY 23.6 23.75 Danish Krone DKK 23.8 24.1 Euro EUR 187 191 Hong Kong Dollar HKD…

Budget At A Glance For FY 2020-21 (Rs. in Billion) Receipts Expenditure Tax Revenue 5,464 A. Current 6,345 – FBR Taxes 4,963 Interest Payments 2,946 – Other Taxes 501 Pension 470 – Non-Tax Revenue 1,109 Defence Affairs & Services 1,289 a) Gross Revenue Receipts 6,573 Grants and Transfers to Provinces & Others 905 b) Less Provincial Share 2,874 Subsidies 209 I. Net Revenue Receipts (a-b) 3,700 Running of Civil Govt. 476 II. Non Bank Borrowing 1,395 Provision for Contingencies & Fund 50 III. Net External Receipts 810 B. Development 792 IV. Estimated Provincial Surplus 242 Federal PSDP 650 V. Bank…

Sindh Budget The Sindh government presented the budget for FY2020-21 with a total outlay of Rs1.24 trillion with an estimated narrow deficit despite falling inflows from the federal divisible pool. Sources mentioned that the province is hoping to generate revenue receipts worth Rs1.22 trillion against its total expenditure. The provincial government has also not proclaimed any new taxes and envisaged a deficit of Rs18.38 billion for the upcoming fiscal year. It is also recorded that the Sindh cabinet accepted a 10 percent raise in salaries for employees from grade 1 to 16 and 5 percent increase from grade 17 to…

The economists revealed that worldwide economy is highly integrated by tourism, trade and remittances. According to World Trade Organisation (WTO), world merchandise trade because of COVID-19 is predicted to fall by 13 to 32 percent in 2020. During 2020 trade volume is predicted to decline by double digits in nearly all regions, depending on the duration of the outbreak and effectiveness of policy response. Trade in services is also predicted to be affected adversely because of restriction on transport and travel on account of the pandemic. Because of ongoing trade tensions and slowing economic growth, merchandise trade declined by 0.1…

According to the Economic Survey of Pakistan FY2020, the headline inflation measured through the Consumer Price Index (CPI) is registered at 11.22 percent during Jul-April FY2020 as compared to 6.51 percent during the corresponding period previous year. Statistics showed that perishable food items are the main contributory factor in jacking up the food inflation in the Food and Non-alcoholic Beverages group, as it is registered at 34.7 percent against the fall of 7.1 percent during the corresponding period. The experts also revealed that inflation in non-perishable food items is registered at 12.4 percent as compared to 5.5 percent during previous…

KSE-100 sheds 325 points on lower growth forecast The bear-run continued at the Pakistan Stock Exchange on Thursday and the KSE-100 index extended losses by 325 points as the downgrade of Pakistan’s growth projection by the International Monetary Fund (IMF) weighed on investors’ mind. On Wednesday, the IMF revised down its growth prediction for Pakistan for fiscal year 2020-21 to 1 percent from the previous estimate of 2 percent, which dampened interest at the bourse. At close, the benchmark KSE-100 index recorded a decrease of 325.02 points, or 0.95 percent, to settle at 33,709.63 points. Overall, trading volumes dipped to…

*Pakistan’s circumstances not the same as Wuhan, Europe: Imran Khan on COVID-19 lockdown Prime Minister defended his decision not to impose a complete COVID-19 lockdown once again, saying that Pakistan’s circumstances were different from Wuhan city and Europe. Speaking about the havoc that the coronavirus has wreaked on Pakistan’s economy, the Imran Khan said that he had not been in favour of imposing a lockdown as Indian Prime Minister Narendra Modi had done. Sources recorded that PM Imran Khan was addressing the ceremony for commencement of three Ehsaas initiatives, counting Ehsaas Rashan Portal, Ehsaas Langar and Panagah App and PM’s…

Asia-Pacific Region IMF sees Philippine economy shrinking further by 3.6pc in 2020 The Philippine economy will contract further this year due to the global economic disruption brought about by the COVID-19 pandemic, International Monetary Fund projections indicate. In its World Economic Outlook update released Wednesday night, the IMF expected the Philippine’s gross domestic product (GDP) to shrink by 3.6 percent in 2020. This latest IMF projection is a downgrade by 4.2 percentage points from its earlier forecast of 0.6 percent growth this year in its April report. “This downward revision is mostly attributable to larger-than-expected supply disruptions related to COVID-19…

*Full steam ahead The world economy is in good shape international experts revealed, and the growth rate continues to be high, at 4 percent yearly in the Western world counting the Eurozone, and at 8 percent yearly in China and India in 2020, while in the future these statistics may rise. World demand for natural resources is escalating. This is causing an increase in exploration and production which has strong positive effects for seaborne trade, including the transport of manufactured goods. In this case, trade growth doubles compared to world growth. This is consistent with historical periods of high growth.…

World commodities trading International studies revealed that the Commodity markets have been buffeted through the COVID-19 pandemic, which has already caused a historical sudden stop in economic activity. The pandemic has affected both the demand and supply of commodities by the impact of mitigation measures on activity and supply chains. The prices of most commodities have declined since January, mainly those that are related to the transportation industry. The Experts in the studies also stated that Energy prices declined 18.4 percent (q/q) in 2020 Q1, with a marked deterioration throughout the quarter as the severity of COVID-19 became increasingly apparent.…

Successful life of Sergey Brin Sergey Brin is a computer scientist and entrepreneur. He met Larry Page at Stanford University, and the two created a search engine that would sort web pages based on popularity. Google became the most popular search engine in the world after launching in 1998, its overwhelming success turning the co-founders into billionaires. Brin and Page later became president and CEO of Google’s parent company, Alphabet, before they stepped down from their roles in December 2019. Sergey Mikhaylovich Brin was born on August 21, 1973, in Moscow, Russia. The son of a Soviet mathematician economist, Brin…

Islamic banking must explore their role in the contemporary economy Interview with Dr. Ayub Mehar — a renowned economist PAGE: Tell me something about yourself and your organization, please: Ayub Mehar: I am serving as ‘Professor’ in Iqra University Karachi and also ‘Economic Advisor’ of the Employers’ Federation of Pakistan (the largest representative body of the entrepreneurs and investors in Pakistan). Currently, I am also associated with the Asian Development Bank Institute on a project for Infrastructure Financing in CAREC member countries. Development Financing, Macroeconomic Policies, International Trade and Finance and Economic and Financial Modeling are areas of my research interests.…

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 (Jun 12 2020) Currency Symbol Buying Selling Australian Dollar AUD 111.5 115.5 Bahrain Dinar BHD 423 425 Canadian Dollar CAD 118 122 China Yuan CNY 23.2 23.35 Danish Krone DKK 23.7 24 Euro EUR 181 185 Hong Kong Dollar HKD…

Lending & Deposit Rates (W.A) LR DR Spread Mar-19 10.7 6.5 4.2 Apr-19 11.2 7.6 3.6 May-19 11.6 7.4 4.2 Jun-19 12.4 8.3 4.1 Jul-19 13.3 8.1 5.2 Aug-19 13.1 9.3 3.8 Sep-19 13.5 7.7 5.8 Oct-19 13.7 7.9 5.8 Nov-19 13.8 7.6 6.2 Dec-19 13.8 7.5 6.4 Jan-20 13.8 7.8 5.9 Feb-20 13.1 6.7 6.4 Mar-20 12.7 6.1 6.6 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] [divider style=”normal” top=”20″ bottom=”20″] Pakistan’s Monetary Indicators (Rs Billion) Details FY2019 (Stocks) R 24-Apr-20 26-Apr-19 Net Foreign Assets(NFA) -1,507.1 893.7 -890.4 Net Domestic Assets(NDA) 19,305.6 587.6…

Studies revealed that high and sustained economic growth with low inflation is the central objective of the macroeconomic policy makers in any economy. The relationship between growth and inflation, however, depends on the state of the economy. The studies furthermore revealed that high growth, without an increase in inflation, is possible if the potential output of the economy is growing enough to keep pace with demand. It is also possible if the actual output is below the potential output and there is sufficient spare capacity available to handle with the demand pressures. The economists on the other hand, revealed that…

According to the State Bank of Pakistan (SBP) report, the credit to the private sector continued its downward trajectory in H1-FY20, as businesses continued to scale down their activities and increasingly resorted to internal financing. This trend was consistent with the subdued industrial production (largely LSM) and a broad-based fall in imports during the quarter. Notably, the entire offtake was driven through working capital loans; in case of fixed investment loans, net retirements by non-manufacturing sectors like construction, power and transport greater than offset the rise in manufacturing sectors’ loans. Recently the State Bank of Pakistan (SBP) has cut the…

SBP sees restriction steps may have negative impact on Pakistan’s economy According to the World Bank’s latest Global Economic Prospects, in 2020 the global economy is on track to shrink by 5.2 percent amid the COVID-19 pandemic, the deepest recession since the Second World War. The Report also noted that the outlook for global economy is highly uncertain and downside risks are predominant, counting the possibility of a more protracted pandemic, financial upheaval, and retreat from global trade and supply linkages. Furthermore, the economic activity in advanced economies in 2020 is anticipated to contract 7 percent as local demand and…

KSE-100 loses over 500 points in pre-budget session Pakistan Stock Exchange received a battering on Friday ahead of the presentation of federal budget for FY21. The benchmark KSE-100 index snapped its five-day winning streak as the market faced panic selling and lost a significant 517 points to below 35,000-point mark. Slump in global crude oil prices and sell-off in world equities weighed on investors’ sentiment. Furthermore, concern over the budget announcement later in the day pushed investors to offload their stockholdings across the board. At the beginning of trading, the market dived and the index sank to intra-day low of…

*Imran Khan Orders Establishment of 12 National Parks In the economic survey of Pakistan FY2019, the economists recorded that erratic weather patterns and climate change have emerged as the biggest environmental challenges that are affecting almost all the sectors of economy particularly water resources, energy, health, biodiversity with a major impact on agricultural productivity. In view of Pakistan’s high vulnerability to the adverse impacts of climate change, the current government is committed to meet this challenge and the Prime Minister has constituted “Prime Minister’s Committee on Climate Change” to provide high level strategic guidance and platform for coordinated efforts on…

Asia-Pacific Region Japan’s economy is bottoming out, eyes on recovery: finance minister Japan’s economy appears to have hit bottom and is eyeing a recovery from the damage caused by the coronavirus pandemic, its finance minister said, underscoring cautious optimism spreading among policymakers after the relaxation of lockdown measures. The remarks come ahead of next week’s rate review by the Bank of Japan, which is likely to hold off on expanding stimulus and stick to its view the world’s third-largest economy is headed for a gradual recovery. “We’ve succeeded in putting a floor on the economy, which seems to have hit…

*Fuel trends International experts revealed that the developments in the maritime fuel industry have become crucial for operators and cargo owners as fuel consumption accounts for a large share of the total voyage costs and can constitute a significant portion of the total transportation costs. For the shipping industry, it is not surprising then that fuel costs, and consequently oil prices, are among the main drivers of the implementation of new technology. Shipping will be forced to reduce emissions by regulations. It was expected that in the Sulphur Emission Control Areas (SECAs), which are North America, the Baltic Sea, the…

Commodity markets in 2020 Wheat International studies presently revealed that the Wheat production in 2020 could decline below last year’s level following this month’s downward revisions in the EU, the Russian Federation and Ukraine mostly on unfavourable weather conditions. Utilization in 2020/21 also forecast to decline compared to 2019/20, as both feed and industrial use are expected to fall. Trade forecast for 2020/21 scaled up m/m, largely on higher projected imports by Iran, Sudan and Egypt; export prospects trimmed for the EU, the Russian Federation and Ukraine, but raised for Australia, Argentina and Canada. Stocks (ending in 2021) forecast higher…

Dan Pink: The puzzle of motivation Dan Pink is the author of five books about business, work, and management that have sold two million copies worldwide. Dan Pink introduces ‘The Candle Problem’ – attaching a candle to a wall with a box of thumbtacks and matches to that it doesn’t drip. 2 groups try to solve the problem – one is told they are timing to discover norms, while the other is given money if they are in the top 25 percent. This test consistently shows that the group being given money is 3minutes slower than the other. Other research…

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 ( May 16 2020) Currency Symbol Buying Selling Australian Dollar AUD 100 104 Bahrain Dinar BHD 410.5 412.5 Canadian Dollar CAD 110.5 115.5 China Yuan CNY 22.05 22.2 Danish Krone DKK 22.65 22.95 Euro EUR 167 172 Hong Kong Dollar…

Client Wise Financing Portfolio (% Share) Sector Dec-18 Sep-19 Dec-19 Industry Corporate 74.3 73.6 74.6 71.7 SMEs 3.7 3.3 3.5 5.4 Agriculture 0.3 0.4 0.4 3.9 Consumer Financing 10.1 10.4 9.9 6.4 Commodity Financing 10.5 11.0 10.1 9.0 Staff Financing 0.9 1.1 1.1 1.7 Others 0.2 0.2 0.3 1.9 Total 100.0 100.0 100.0 100.0 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Sector Wise Financing Concentration (% Share) Details Dec-18 Sep-19 Dec-19 Industry Chemical and Pharmaceuticals 3.6 3.4 3.7 3.5 Agribusiness 7.6 7.2 7.3 7.9 Textile 13.0 11.9 13.4 13.6 Cement 3.6 3.5 3.7 2.1 Sugar 2.8 2.5 2.5 2.5…

The economic experts of Pakistan stated that Pakistani economy presently faces challenges similar to other developing countries in the world. The economy, stock market and rupee were getting stronger before coronavirus and as soon as Pakistan overcomes this pandemic, the country s economy will bounce back. Despite the present situation of Pakistan, Meezan Bank continued to perform well during the first quarter ended March 31, 2020 and registered profit after tax of Rs 5,505 million from Rs 2,800 million in same period last year – a growth of 97 percent. Meezan Bank is Pakistan’s best bank and the first and…

Across the globe, COVID-19 pandemic has created disruption and uncertainty for the common man and business community. BankIslami Pakistan Limited being a responsible institution in the banking sector, to inhibit the impact of this pandemic situation, took a number of precautionary initiatives based on World Health Organization (WHO) health principles to ensure safe work environment for employees as well as customers. Furthermore, BankIslami, in light of relief packages proclaimed through State Bank of Pakistan (SBP), is closely working with its financing clients, who have been affected by COVID-19, through advising them on restructuring. Percentage Growth In March 2020 Compared To…

Market Watch: KSE-100 advances on hopes of policy rate cut Bulls continued to dominate the stock market as the KSE-100 index rallied and gained over 200 points on Friday. The bourse managed to cross the 34,000-point mark. The increase was attributed mainly to speculation that the central bank would slash the policy rate in its monetary policy announcement later in the day. Moreover, a surge in global crude oil prices coupled with concern over growing fiscal deficit and negative economic growth dented investors’ sentiment. Earlier, trading began on a positive note and a buying spree emerged shortly afterwards due to…

*G-20 debt relief timely initiative taken amid Covid-19 challenge Appreciating the G-20 debt relief initiative, Prime Minister Imran Khan observed that the G-20 relief was a timely initiative that complemented the attempts to cope with the Covid-19 challenge. However, PM urged that that the facility may be more extended to provide greater space to the developing states fighting the pandemic in order for them to concentrate their resources on offering relief to their people. PM Imran Khan was chairing a meeting held to review Pakistan’s external inflows and outflows with special reference to the support received by the country from various…

Asia-Pacific Region Philippines allows malls, more businesses in capital to reopen The Philippines has allowed malls and more businesses in the capital to partially reopen on May 16 after a two-month lockdown that shrank its economy. Restaurants with delivery and take-out options, bookstores, hardware and clothing shops located inside malls in Metro Manila can reopen with half of its workforce starting Saturday, presidential spokesman Harry Roque said. Barber shops, salons and gyms would remain shut, and people are still required to stay at home. Trains and other forms of public transportation will remain unavailable. Large-scale construction projects in the capital…

*Technology and energy efficiency Ballast water treatment technologies Many ballast water treatment systems are now available on the market and, with ratification of the IMO Convention awaiting, ship owners have an excellent opportunity to evaluate how these systems perform before the Convention enters into force. The careful selection of a treatment system is furthermore important in order to ensure that the system meets the ship-specific requirements, such as ballast water capacity, power limitations and the integration of control systems. Another important advantage is the opportunity to gain insight into the manufacturer’s commercial reliability, support network and quality of supply capabilities.…

COMMODITY MARKETS IN 2020 * Coronavirus halts demand and supply of commodities International sources recorded that as states in the whole world contend with the health emergency of the COVID-19 pandemic, the economic effects of suspending approximately all activity have immediately impacted the world’s commodity markets and are probable to continue to affect them for upcoming months. According to the World Bank said in its April Commodity Markets Outlook that the COVID-19 has affected both demand and supply of commodities. Those effects are direct, resulting from shutdowns to mitigate the spread of the virus and disruptions to supply chains, and…

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 ( May 09 2020) Currency Symbol Buying Selling Australian Dollar AUD 99.5 103.5 Bahrain Dinar BHD 410.25 412.25 Canadian Dollar CAD 110 115 China Yuan CNY 21.8 21.95 Danish Krone DKK 22.7 23 Euro EUR 165 170 Hong Kong Dollar HKD…

Microfinance Industry Indicators Indicators Dec-17 Dec-18 YoY Growth Absolute change % Number of Branches 3,673 4,239 566 15.4 Total No. of Borrowers 5,800,457 6,936,554 1,136,097 19.6 Gross Loan Portfolio (Rs billion) 202.70 274.70 72 35.5 Average Loan Balance 48,695 55,173 6,478 13.3 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Microfinance Banking Indicators (Rs Billion) Indicators Mar-18 Mar-19 Growth in (%) No. of Branches 916 1,087 18.67 Number of Borrowers 2,777,164 3,371,695 21.41 Gross Loan Portfolio 152 201.27 32.70 Deposits 189 236.02 25.10 Number of Depositors 25,492,075 36,111,999 41.66 Equity 36 48.44 35.36 Assets 255.03 325.22 27.52 Borrowings 14.05 19.95…

Analysis of Economic Survey FY2019 of Pakistan recorded that the main purpose of public debt management is to make sure that the government’s financing needs are met at the lowest possible cost over the medium to long term, consistent with a prudent degree of risk. As a catalyst the debt may well act in the course of growth of an economy as long as the economic returns are higher than the cost of borrowed funds. Therefore, borrowed funds are bound to be correctly used and should conform to the country’s debt repayment capacity. Historically, the government officials also added that…

The government officials revealed that Pakistan had a Gender Inequality Index (GII) ranking of 133 in the 2017. It is not an encouraging sign that female participating in the labour market is also declining with the passage of time, viz, from 15.8 percent in FY2015 to 14.5 percent in 2017-18. Furthermore, the Labour Force Survey 2017-18, showed that women are concentrated in agriculture with a share of 67 percent, while in manufacturing they have a share of 16 percent and in community and personal services they have a share of 14.6 percent. In the case of occupational groups, women are…

*Imran Khan’s phone call with Ethiopian Prime Minister Prime Minister Imran Khan, held a telephone conversation with Prime Minister Abiy Ahmed Ali of Ethiopia. In the context of Pakistan’s ‘Engage Africa’ policy, the Prime Minister emphasized the significance of closer bilateral ties with Ethiopia. The Prime Minister also reiterated his felicitations to Prime Minister Abiy on winning the 2019 Nobel Peace Prize, source added. The Prime Minister conveyed Pakistan’s solidarity with the government and people of Ethiopia, and commended their effective initiatives to control the spread of COVID-19. It is also added that the discussion focused on debt relief matters,…

ASIA-PACIFIC REGION Philippines GDP declines for first time since 1998 on shutdowns The Philippine economy contracted in the first three months of 2020 as restrictions to stem the coronavirus outbreak shut most businesses and sapped consumption, a trend seen worsening in the current quarter. Gross domestic product fell 0.2 percent in the first quarter compared to a year ago, using 2018 as the new base year, the Philippine Statistics Authority said Thursday. That was worse than the median estimate of a 2.9 percent growth in a Bloomberg survey of economists and was the first contraction since the fourth quarter of…

*Environmental regulations Presently Shipping operates under a complex set of international and national regulations. Traditionally, the leaps in regulations have been event driven, and in some cases even driven through events outside the sector. A wellknown example is the Exxon Valdez oil spill, which resulted in the US Oil Pollution Act (OPA) and mandatory double hull design. While environmental regulations in the maritime industry have historically lagged behind those of other industries, this condition is now changing. An increased focus on both worldwide and local environmental issues in general, combined with the growing realisation of the actual pollution burden imposed…

Commodity markets in 2020 Gold International experts revealed that 2019 has been a golden year for precious metals as escalated trade disputes created a risk-averse environment among investors and demand for safe-haven assets increased. They expect the trend to continue in 2020 as most issues are still unresolved, even though both the US and China have been making efforts to prevent the situation from getting worse. Increased prices may continue to weigh on physical gold demand, particularly in emerging economies counting China and India. A stronger US dollar and higher import duties continue to add pressure on consumers. For platinum…

An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] (Stocks in Million Rupees) 1) Broad Money (M2) Components 13-Mar-20 20-Mar-20 27-Mar-20 3-Apr-20 A. Currency in Circulation 5,594,282 5,578,569 5,622,399 5,748,903 B. Other Deposits with SBP 33,590 33,391 33,341 33,406 C. Total Deposits with Banks 13,218,119 13,260,999 13,533,519 13,545,238 Broad Money (M2) (A+B+C) 18,845,991 18,872,958 19,189,259 19,327,547 Factors Affecting Broad Money (M2) A. Net Foreign Assets of the Banking System -405,004 -519,277 -597,935 -735,857 B. Net…

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 (Apr 17 2020) Currency Symbol Buying Selling Australian Dollar AUD 97.5 103.25 Bahrain Dinar BHD 434.5 436.5 Canadian Dollar CAD 115.75 120.75 China Yuan CNY 23.35 23.5 Danish Krone DKK 23.9 24.2 Euro EUR 185.5 188.25 Hong Kong Dollar HKD 21.2…

COVID-19 in numbers* (April 17, 2020) Globally2 074 529 confirmed (82 967) 139 378 deaths (8493) European Region1 050 871 confirmed (37 778) 93 480 deaths (4163) Region of the Americas743 607 confirmed (36 486) 33 028 deaths (2783) Western Pacific Region127 595 confirmed (2024) 5558 deaths (1319) Eastern Mediterranean Region115 824 confirmed (4392) 5662 deaths (130) South-East Asia Region23 560 confirmed (1770) 1051 deaths (61) African Region12 360 confirmed (517) 586 deaths (36) * Total (new cases in last 24 hours) [divider style=”normal” top=”20″ bottom=”20″] Coronavirus global threat (April 17, 2020) Location Confirmed Recovered Deaths Pakistan 7,025 1,765 135…

Before the Covid-19 infections commenced to be detected in Pakistan, the country’s economy the economist of Pakistan revealed, had clearly moved out of the crisis-management mode. The current account statistics were getting better every month, and foreign exchange reserves were shoring up progressively. Furthermore over the upcoming 24 months, headline inflation was predicted to revert to the medium-term target of 5 to 7 percent. Nevertheless, attaining this year’s real GDP growth rate target of 4.0 percent was improbable, as the agriculture sector’s condition was lower than predictions. According to the officials of Pakistan, significantly the current account deficit has shrunk,…

According to Imperial College London, various people could die globally from coronavirus unless the international experts see urgent intervention. Since World War II unfold, they also could see the world’s biggest humanitarian disaster. No doubt, the Government of Pakistan has been passing by a tough condition as it is still fighting with both COVID-19 and hunger simultaneously. The policy makers have to make decisions for the whole population in Pakistan and not just a few thousands. From the other countries the ground reality in Pakistan was dissimilar. As compared to the various states the situation was much better in the…

Presently in the ‘PM Relief Fund for COVID-19’, the Government of Pakistan requested to overseas Pakistanis to donate generously to assist country handle with the ongoing health shortages in Pakistan. Because of lockdown to combat coronavirus, Prime Minister Imran Khan has been seeking donation from foreign Pakistanis and the global monetary organisations as our country faces severe economic crisis. Pakistan is one of the largest labour exporting countries of the region, analysis of Economic Survey of Pakistan FY2019 revealed, and since 1971 more than 10.61 million Pakistanis have proceeded abroad for employment. Survey analyzed that there is a main fall…

The economists urged that nothing is safe from disruptions globally and various main companies are considering bringing back manufacturing facilities and seems less interested in economic integration. In Pakistan because of ongoing coronavirus spread, industrialists urged that the lockdown in the country poses a threat to their survival because of sluggish production and additional cost of paying wages to an unproductive workforce. The industrial sector also urged it is now struggling to stay afloat amid the lockdown, with rising numbers of industrialists, already burdened with various taxes, higher utility charges and interest rates, expressing their inability to pay workers in…

*United Nation supports Imran Khan’s call for global initiative on debt relief Sources recorded that the UN Secretary-General Antonio Guterres has supported Prime Minister Imran Khan’s call for a ‘Global Initiative on debt relief’ to offer debt relief for the developing states in wake of economic meltdown generated through the coronavirus pandemic. Addressing a regular virtual press briefing in New York, the Spokesman of the UN Secretary-General, Stephane Dujarric said PM Imran Khan’s initiative is in the same spirit as the Secretary-General’s own position. He said the UN Chief hopes that debt relief must be a significant part of the…

ASIA-PACIFIC REGION Philippine economy may shrink by 2pc — S&P S&P Global Ratings expects the Philippine economy to shrink by 2 percent this year — a sharp revision from its 4.2 percent growth estimate given in March — as the world comes to grips with the human and economic price of the novel coronavirus pandemic. The debt watcher had projected a baseline 6 percent gross domestic product (GDP) growth for the country in December, long before the coronavirus disease 2019 developed into a global health crisis. The expected contraction compares with the flat growth or a contraction of as much…

*Trends in the offshore market In the different research researchers revealed that this market is driven by the high price of oil and through investments in offshore exploration and production (E&P). These drivers apply consistently, with comparatively low growth globally. Existing resources on land and in shallow waters are being depleted, and new discoveries are being made in deeper and harsher environments like in offshore Brazil, West and East Africa, the Arctic region and Southeast Asia. As the world will need fossil fuels at a growing rate for the foreseeable future, overall offshore expenditures would rise in the next 10-20…

Commodity Markets In 2020 LNG The Researchers analyzed that the market is still struggling to digest the glut of LNG that they are presently experiencing. Asian LNG prices have been weak for much in 2019 as they continue to see a ramp up in supply from the US, Australia and Russia. The autumn rally that they have seen has been short-lived, with the market under pressure once again even as they move into winter. The pressure on Asian prices has also had an impact on hubs in other regions, with record volumes of LNG making their way into Europe this…

Promote gender equality, Sheryl Sandberg urges HBS grads Facebook COO Sheryl Sandberg is one of the most inspiring women in tech in our time. Back in 2012, she delivered a speech to the graduating class of Harvard Business School, which was truly remarkable, motivational and powerful. Sandberg urged the graduates to “get on a rocketship whenever you get the chance”, turning the address to one of the greatest speeches ever. Get inspired with the following main outtakes from Sheryl Sandberg’s HBS Class of 2012 Address: “Now ordinary people have voice, not just those of us lucky to go to HBS,…

An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] (Stocks in Million Rupees) 1) Broad Money (M2) Components 13-Mar-20 20-Mar-20 27-Mar-20 3-Apr-20 A. Currency in Circulation 5,594,282 5,578,569 5,622,399 5,748,903 B. Other Deposits with SBP 33,590 33,391 33,341 33,406 C. Total Deposits with Banks 13,218,119 13,260,999 13,533,519 13,545,238 Broad Money (M2) (A+B+C) 18,845,991 18,872,958 19,189,259 19,327,547 Factors Affecting Broad Money (M2) A. Net Foreign Assets of the Banking System -405,004 -519,277 -597,935 -735,857 B. Net…

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 (Mar 20, 2020) Currency Symbol Buying Selling Australian Dollar AUD 93.5 98.5 Bahrain Dinar BHD 419.5 421.5 Canadian Dollar CAD 111.25 116.25 China Yuan CNY 22.35 22.5 Danish Krone DKK 22.95 23.25 Euro EUR 170.5 174.5 Hong Kong Dollar HKD 20.25 20.5…

Pakistan: Share In GDP (As percent of GDP(mp)) Sectors 2014-15 2015-16 2016-17 2017-18 2018-19 Total Consumption 90.7 91.3 93.2 94.2 94.8 Private Consumption Expenditure 79.8 80.0 81.9 82.5 82.1 General Government Expenditure 11.0 11.3 11.3 11.7 12.6 Total Investment 15.7 15.69 16.2 16.7 15.4 Gross Fixed Capital Formation 14.1 14.1 14.6 15.1 13.8 Private 10.4 10.3 10.1 10.3 9.8 Public including General Public 3.7 3.8 4.5 4.8 4.0 Change in Inventories 1.6 1.6 1.6 1.6 1.6 National Saving 14.7 13.9 12.0 10.4 10.7 Domestic Saving 8.6 7.8 6.5 5.1 4.2 Foreign Saving 1.03 1.74 4.1 6.3 4.7 Source: Pakistan Bureau…

The analysis of economic survey of Pakistan FY2019 showed that the growth momentum of the Pakistani economy, at 5.5 percent in FY2018, became unsustainable because of growing macroeconomic imbalances i.e. high and rising fiscal and current account deficits. In Pakistan’s economy the twin deficits always persisted, however, in FY2018 trade deficit was historically high both in monetary value ($ 32 billion) and as a percent of GDP (10.1 percent), while the fiscal deficit stood 6.5 percent of GDP. The analysis also showed that the contained inflation and maintained exchange rate accelerated the growth in local demand. High consumption expenditure and government spending in turn led…

International experts identified that through economic policymakers the foreign exchange reserves are viewed as ‘money in the bank’ – the more, the better. Reserves are a basic pillar of the macroeconomic toolkit. The experts showed that in countries that implement fixed or partially fixed foreign exchange rate systems, they are utilized as a mean to keep the exchange rate at or near the official target or parity level. Beyond exchange rate stabilization, foreign exchange reserves are believed a main indicator of the strength of an economy, chiefly of its exporting and importing industries. Regarding foreign trade, foreign exchange reserves are often an essential requirement…

S&P 500’s biggest one-day gain since 2008 The S&P 500 on Friday notched up one of its biggest one-day gains on record, capping off a volatile week for stocks that had seen elevated fears around the spread of the coronavirus and a plunge in the price of crude oil. Wall Street’s equities benchmark soared 9.5 percent, with much of the advance coming late in the session after US president Donald Trump declared coronavirus a national emergency and laid out plans to help deal with the outbreak. The rise was the S&P 500’s biggest since October 2008, or the 10th largest…

*Imran Khan launches Data4Pakistan Prime Minister Imran Khan launching the Ehsaas District Development Portal, Data4Pakistan, said the initiative was part of the government’s commitment to reduce poverty in Pakistan, as progress and prosperity were directly connected to uplifting the impoverished. It is my belief that Pakistan where there is an ocean of poor people and few rich cannot make progress, he said, adding the Data4Pakistan portal would assist the government of Pakistan distribute development funds per people’s needs. Imran Khan said the portal would also assist identify the regions that were in most need of funds, while also offering vital…

Asia-Pacific Region Indonesian businesses look to Singapore, Malaysia for Covid-19 measures Indonesian businesses are looking at neighboring countries for coronavirus responses as Southeast Asia’s most populous country faces increasing pressure to escalate its own measures, including potentially locking down the economy. The Jakarta Post spoke to three business leaders who said a Singapore-like response, where the government allows businesses and factories to operate, was more ideal for local enterprises instead of a full lockdown. The city-state has focused on tighter border control, contact tracing, social distancing and expanding healthcare services to mitigate the spread of COVID-19. “The difference is that…

*Trends in the container market International Experts identified that this market is “the closest to the consumer” and, by its nature, the demand is strongly driven by the GDP developments globally, demographic developments and, not least, changes in per capita income in regions and large countries. Underpinning this trade is the development of goods containerisation. The Experts have seen tremendous developments in this area over the last 30-year. The Present condition is not very optimistic, with an imbalance between supply and demand. Ships on order represent approximately 25 percent of the existing container fleet. The Condition is more optimistic for…

Commodity Markets In 2020 Nickel International studies revealed that in late August 2019, Indonesia announced it was bringing forward an export ban on nickel ore (grade less than 1.7 percent) from 2020 onwards instead of the initial deadline of 2022. Mining firms were seen to be increasing their ore exports considerably, and investments into the processing sector were somewhat lacklustre. Indonesia is a main nickel ore supplier to China, exporting around 15 million tons of ore (+36 percent YoY) over the first 9-month of 2019. Indonesia’s share of Chinese nickel ore imports is around 38 percent, slightly below the top…

Ellen degeneres’ commencement speech at Tulane University Oh boy, thank you so much, thank you so much. Thank you, President Cowan, Mrs. President Cowen; distinguished guests, undistinguished guests, you know who you are, honored faculty and creepy Spanish teacher. And thank you to all the graduating Class of 2009, I realize most of you are hungover and have splitting headaches and haven’t slept since Fat Tuesday, but you can’t graduate ’til I finish, so listen up. When I was asked to make the commencement speech, I immediately said yes. Then I went to look up what commencement meant, which would…

An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Central Government Debt (In Billion Rupees) *Provisional Debt Instruments As on end period Jun-18 Jun-19 Jan-19 Jan-20 A. Central Government Domestic Debt (a+b) 16,416.3 20,731.8 17,975.2 21,794.3 a. Long Term (i+ii+iii) 7,527.3 15,231.1 7,432.6 16,747.7 i. Permanent Debt (1+2+3) 4,653.8 12,080.0 4,440.8 13,317.5 1. Market Loans 2.8 2.8 2.8 2.8 2. Federal Government Bonds 3,800.0 11,183.3 3,502.5 12,581.0 Public Sector 0.0 0.0 0.0 0.0 Under E.R.O.…

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 (Mar 13 2020) Currency Symbol Buying Selling Australian Dollar AUD 99 103 Bahrain Dinar BHD 419.5 421.5 Canadian Dollar CAD 113 117 China Yuan CNY 22.65 22.8 Danish Krone DKK 23.55 23.85 Euro EUR 175 178.5 Hong Kong Dollar…

Key Information For The Period Ended September 30, 2019. (Conventional & Takaful) Nos Name of Company Gross Conventional/ Takaful Premium/ Contribution Breakup Net Conv./ Takaful Prem. Contribution Claims First Year Premium/ Contri. Renewal Premium/ Contri. Single Premium/ Contri. Group Policies Premium/ Contribution without Net Written Prem./ Contribution Net Claims 1 Adamjee Life 2,436,820 4,638,456 732,928 525,533 7,853,821 4,489,849 2 Askari Life 59,812 11,971 12,867 87,509 109,989 44,758 3 EFU Life 4,634,537 13,906,771 771,548 41,777 21,362,872 11,772,561 4 IGI Life 422,838 1,217,115 305,147 1,646,032 3,460,450 3,586,364 5 Jubilee Life 6,757,117 22,881,355 698,149 5,990,020 35,339,470 15,788,381 6 State Life 6,473,336 44,129,547 -…