International experts revealed that it is mandatory for everyone in the developed world, to have a cover for unforeseen losses. On the other hand, the need of such an instrument is much greater in developing countries, as susceptibility to risk is high as there are very less opportunities obtainable to recover from big losses. In developing countries therefore, which are usually characterized for having low income levels, and lacking access to good health care, sanitation, education and social security systems, it is of dire significance to have such a system of risk transfer. For the wellbeing of individuals and businesses…
Author: S. Kamal Hayder Kazmi
The Analysis of Economic Survey of Pakistan FY2019 revealed that Prime Minister’s National Health Program (PMNHP) is a milestone towards reaching the goal of acquiring Universal Health Coverage by presently launched healthcare financing system ensuring access to medical health care in a swift and dignified manner without any financial obligations. Government of Pakistan is all set to enlarge PMNHP till 2022, to offer social health protection against most of chronic and debilitating diseases/health situations to all families living below the poverty line of US$2 per day. Presently sources recorded that the federal government has renamed PMNHP as Sehat Sahulat Program.…
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…
*Overseas Investors Call on PM Imran Khan Presently, the Prime Minister Imran Khan said that it was their priority to facilitate business community in Pakistan and the government is committed towards bringing more ease in doing business. Sources recorded that a delegation of Overseas Investors Chamber of Commerce and Industry (OICCI) presently called on the Prime Minister Imran Khan, where the former applauded the government’s initiative for bringing improvement in Pakistan. The meeting was also attended by Adviser on Finance and Revenue Abdul Hafeez Shaikh, Adviser on Commerce and Industry Abdul Razak Dawood, Governor State Bank of Pakistan (SBP) Reza…
Asia-Pacific Region China should not rely on massive stimulus to overcome ‘unprecedented’ economic slowdown China should not try to bolster its coronavirus-hit economy by again resorting to a massive debt-fuelled fiscal and monetary stimulus programme, according to a group of government advisers. Various early indicators suggest China’s economy will slow in the first quarter of 2020, with some even suggesting it will suffer a first contraction since the end of the Cultural Revolution in 1976. This raises the question if China will miss its key 2020 growth target, with voices on both sides of the debate discussing what stimulus policies…
*Trends in the dry bulk market International study revealed that the dominant factors for the dry bulk market are commodity supply industries like energy, manufacturing and construction. As the experts have discussed in various studies, world trading activity is closely correlated to worldwide GDP levels. In the past, the economies of the US, Europe and Japan have acted as the main drivers of the dry bulk trade market. However, the contributions of China, India and Brazil are becoming more significant as these countries’ GDP growth rates are considerably higher than those of the developed countries. China is by far the…
Commodity Markets In 2020 Milk and milk products Researchers revealed that worldwide milk production is forecast at 852 million tons during 2019, a rise of 1.4 percent from 2018 – a smaller rate of growth than earlier anticipated in May, reflecting downward revisions made for India and the European Union. Much of the anticipated output expansion will originate in India, Pakistan, China, the European Union and Brazil, partially offset by falls in some countries counting Australia, Colombia and Argentina. In India and Pakistan, herd expansions drive output growth, while in China, farm efficiency improvements underpin the higher growth. In the…
Steve Jobs – How To Live Before You Die… I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I’ve ever gotten to a college graduation. Today I want to tell you.. a story.. from my life. That’s it. No big deal…. My story is about death. When I was 17, I read a quote that went something like: “If you live each day as if it was your last, someday you’ll most certainly be right.” It made…
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] Special convertible rupee accounts (scra) Country During the Month (Jan, 2020 ) (Thousand US $) Inflow Outflow Cumulative Net flow Equity T.Bills PIBs Others Total Equity T.Bills PIBs Others Total Australia 0 – – – 0 132 – – – 132 (131) Bahrain 27 – – – 27 472 11,776 – – 12,248 (12,221) Canada 1,118 – – – 1,118 3,853 – – – 3,853 (2,736)…
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 06, 2020) Currency Symbol Buying Selling AUD Australian Dollar AUD 101 103.5 BHD Bahrain Dinar BHD 407 409 CAD Canadian Dollar CAD 115 117 CNY China Yuan CNY 22.1 22.25 DKK Danish Krone DKK 22.95 23.25 EUR Euro EUR 171.5…
Composition Of Payment Cards (Actual Numbers) Number of: Quarter-1 FY19 Quarter-2 FY19 Quarter-3 FY19 Quarter-1 FY19 Quarter-1 FY20p Debit Cards 22,475,259 23,303,422 23,972,022 24,831,777 25,282,706 ATMs only Cards 8,722,621 8,805,431 8,692,010 8,485,391 8,072,487 Social Welfare Cards 8,948,923 7,847,513 7,777,839 7,103,294 6,867,357 Credit Cards 1,483,730 1,522,366 1,555,508 1,589,120 1,619,343 Pre-Paid Cards 234,814 229,680 227,487 228,417 225,261 Total 41,865,347 41,708,412 42,224,866 42,237,999 42,202,113 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″]
Many social media firms mainly Facebook are taking good vigilance about removing coronavirus conspiracies as per studies of different sources. Facebook has continuously updating the users on the strategy to rightly know the outbreak and corresponding of misinformation spreading in the world. Mark Elliot Zuckerberg co-founder of Facebook, reiterated in a Facebook post that the platform was removing conspiracy theories connected to the coronavirus that have been flagged through worldwide health organizations, in addition to labeling coronavirus misinformation with fact check labels to let users know that such content had been rated false. Facebook has also urged and offering the…
World it is said, has become a worldwide village and this is because of prompt, easy and accessible communication. Everywhere telecom segment has altered the shape of communication and this is a hot issue presently in Pakistan. According to the statistics published through Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth $760.582 million during July-January (2019-20) as against to $423.818 million during July-January (2018-19), explaining a growth of 79.46 percent. Import of mobile phones has increased by 79.46 percent during first 7 months of FY2019-20. Statistics also showed that as against to the previous year, on a year-on-year…
International statistics showed that the telecom sector is a unique and vibrant industry that is constantly evolving because of the new technologies and infrastructure which continue to filter into the market. The overall global telecoms statistics are impressive and experts note that in 2020 there are around 7.7 billion active mobile broadband subscriptions globally, an enormous increase from 3.3 billion just 5 years ago, thanks in part to the deployment of 4G LTE. With mobile technologies dominating the telecommunications sector there is little doubt that the intense focus on the potential opportunities offered by 5G will continue. In 2020 there…
Nasdaq futures dip as coronavirus infects America’s tech heartland The NASDAQ index dipped 279 points on Thursday to close at 8,739. This is the latest move in a week of highly-volatile trading as the market comes to terms with the expanding coronavirus crisis. Nasdaq futures point to a weaker open on Friday with prices down around 0.90 percent in early morning trading. The NASDAQ index is especially vulnerable to the coronavirus crisis. Many of its biggest components have extensive supply chains and operations in China — the epicenter of the coronavirus outbreak. As if that isn’t bad enough, the coronavirus…
*PM tells tough times ‘over’ for Pakistan Prime Minister Imran Khan said that Pakistan’s tough days are now behind it and Pakistan is on the right track. PM made the comment while introducing the Rs15 billion ‘Ehsaas Amdan Programme’ in Layyah, Punjab. The Amdan (income) Program is one of various programs launched under this government’s Ehsaas initiative — a broad-based program to lift the most vulnerable out of poverty. The Program is aimed at creating respectable livelihood opportunities for those that are the most disadvantaged. It involves giving away of small assets to those who live below the poverty line…
ASIA-PACIFIC REGION Myanmar says air passenger numbers diving because of coronavirus Passenger arrivals at Myanmar’s three international airports have tumbled 36 percent so far in February from the prior month because of the travel curbs sparked by the novel coronavirus outbreak. There’s been a particularly pronounced drop in the number of Chinese visitors, to 2,000 a week from a usual average of about 30,000, said Ne Win, director of air transport at the Department of Civil Aviation. “The virus has negatively affected all airlines, routes and destinations,” Ne Win said in an interview Tuesday in Yangon. [divider style=”normal” top=”20″ bottom=”20″]…
*Trends in the tanker market International Experts revealed that the crude oil tanker market is currently suffering from a very depressed condition with an abundance of tonnage. Owner groups have been losing money for a long time and some firms are on the brink of bankruptcy. Significant deliveries of crude tankers during 2012 may depress rates more. Scrapping can only partly ease the problems in this market. The growth in demand will predominantly come from non-OECD countries. The product tanker market is also struggling with oversupply and is subject to continuous alters in import needs and trade patterns. The reduction…
Oilcrops International studies forecast for the 2019-20 season point to relatively balanced markets for oilseeds and derived products. After reaching an all-time high in 2018-19, global oilseed production is anticipated to contract for the first time since 2015-16, mostly reflecting expected falls in soybean and rapeseed outputs that would outweigh foreseen gains in other oil crops. Soybean production could decline short of last season’s record level, mainly as a consequence of both a contraction in plantings and lower yields in US, amid unattractive production margins and unfavorable weather situations. Regarding rapeseed, uncertain export prospects contained plantings in Canada, while in…
Brené Brown: The Power Of Vulnerability Brown went back to the research and spent years trying to understand what choices whole-hearted people, who live from a deep sense of worthiness, were making. “What are we doing with vulnerability? Why do we struggle with it so much? Am I alone in struggling with vulnerability?” Here is what she learned: We numb vulnerability — when we’re waiting for the call. It was funny, I sent something out on Twitter and on Facebook that says, “How would you define vulnerability? What makes you feel vulnerable?” And within an hour and a half, I…
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 (Feb 21, 2020) Currency Symbol Buying Selling Australian Dollar AUD 105.6 107.1 Bahrain Dinar BHD 407 409 Canadian Dollar CAD 115.85 117.6 China Yuan CNY 21.85 22 Danish Krone DKK 22.05 22.35 Euro EUR 165.8 168.1 Hong Kong Dollar HKD 19.85…
Pakistan Super League 2020 Dates 20 February – 22 March Administrator(s) Pakistan Cricket Board Cricket format Twenty20 Tournament format(s) Double round robin and playoffs Host(s) Pakistan Participants 6 Matches played 34 [divider style=”normal” top=”20″ bottom=”20″] Pakistan Super League, 2018/19 / Largest Victories (by runs) Winner Margin Target Opposition Ground Match Date Scorecard Zalmi 61 runs 204 v Kings Karachi 11-Mar-19 T20 United 49 runs 239 v Qalandars Karachi 9-Mar-19 T20 Zalmi 48 runs 215 v United Karachi 15-Mar-19 T20 Zalmi 44 runs 154 v Kings Sharjah 21-Feb-19 T20 Gladiators 43 runs 181 v United Abu Dhabi 5-Mar-19 T20 Qalandars 22…
Japan stocks higher at end of trade; Nikkei 225 up 0.34pc Japan stocks were higher after the close on Thursday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.34 percent. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2139 to 1383 and 255 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00 percent to 17.04. Crude oil for April delivery was up 0.62 percent or 0.33 to $53.82 a barrel. Elsewhere…
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 (Feb 14 2020) Currency Symbol Buying Selling AUD Australian Dollar AUD 104.5 106.5 BHD Bahrain Dinar BHD 407 409 CAD Canadian Dollar CAD 116 117.5 CNY China Yuan CNY 22 22.15 DKK Danish Krone DKK 22.15 22.45 EUR Euro EUR 167…
Cargo, Container Handling & Ship Movement At Karachi Port (000 tons) Fiscal Year Imports Exports Total %Change Imports Exports Total 2011-12 26,201 11,674 37,875 – – – 2012-13 26,700 21,150 38,850 2 81 3 2013-14 30,343 11,007 41,350 14 -48 6 2014-15 29,672 13,750 43,422 -2 25 5 2015-16 34,594 15,451 50,045 17 12 15 2016-17 42,638 9,855 52,493 23 -36 5 2017-18 41,669 13,016 54,685 -2 32 4 2017-18 (Jul-Ma) 31,789 9,206 40,995 – – 2018-19 (Jul-Mar) 24,945 10,415 35,361 -22 13 -14 [divider style=”normal” top=”20″ bottom=”20″] PNSC: Fleet Strength Vessel Name Bullt Deadweight Length Overall Gross MT M…
Trade logistics in today’s globalized world, plays a significant role in the value and volume of global trade and a chief barrier to trade is poor quality logistics. Through reducing the cost involved in transporting goods high quality logistics services enhance the competitiveness of a country’s exports. Researchers revealed that across the board, determinants of trade logistics, like customs procedures, tracking and tracing services, overall infrastructure and logistics competence impact trade comparatively greater than less policy-dependent trade determinants like transport and distance. Various studies also confirmed that logistics is the main component of today’s business operations and believe most critical…
In Karachi, transport-associated challenges over the previous eras, have grown significantly, resulting in a fall in efficiency, and having a huge influence on the living standards of its people. Furthermore, traffic congestion has contributed to raised air and noise pollution, leading to health challenges, high accident rates, and environmental degradation. This has also concluded a fall in living standards, as in order to avoid long commutes, citizens’ living selections have become further limited and this has decided where they live. This has often concluded in a fall in income and a decline in personal security, which has affected the most…
Stock holds record highs Stocks are holding near record highs, keeping the S&P 500 at its highest valuation since 2002, but the market looked a lot different back then. Around 20 percent of the S&P 500 is now made up of five technology companies — Apple, Google parent Alphabet, Facebook, Microsoft and Amazon. Eighteen years ago, one-fifth of the index was made up of 10 companies as diverse as Walmart, Exxon Mobil and Pfizer. One top trader says the difference between then and now is staggering. That stock leadership is clear when comparing the broad market-cap weighted S&P 500 with…
*Imran Khan plans to enlarge scope of Panagah Prime Minister Imran Khan has decided to enlarge the scope of his initiative of Panagah in Pakistan, with a vision to develop the country as an Islamic welfare state, through giving cover of social protection to poor segments of the society. Prime Minister made the statement during a meeting with his newly appointed focal person on Panagah Naseem-ur-Rehman in Islamabad. Sources recorded that they discussed the administration of shelter homes and the steps to enlarge the project during next twelve months. According to a PM office statement, a twelve month long comprehensive…
Philippines notifies US of intent to end major security pact The Philippines notified the United States on Tuesday it would end a major security pact allowing American forces to train in the country, in the most serious threat under President Rodrigo Duterte to their 69-year treaty alliance. Foreign Secretary Teodoro Locsin Jr. said in a tweet that Manila’s notice of termination of the Visiting Forces Agreement was received by the deputy chief of mission at the U.S. Embassy in Manila. The termination would take effect after 180 days unless both sides agree to keep it. Locsin signed the notice on…
Shipping in peril from the coronavirus aftermath The shipping industry as a whole is in dire straits, as a result of the negative impact from the Coronavirus. It’s not only freight rates which are crashing, but also other aspects of the industry, like for instance shipbuilding and shiprepair activity. The Shipbroker Allied Shipbroking said that “with China and the world still trying to contain the effects and come to terms with the Wuhan novel coronavirus outbreak, the shipping industry sees freight markets in a complete state of collapse as demand gets paralyzed by the ensuing effects. As a general rule…
Milk prices to stabilise in fiscal year 2020-21 Milk prices, which have risen by Rs 4-5 per litre over the past nine months, are likely to stabilise in 2020-21 as production is expected to pick up due to abundant water availability and anticipated normal monsoon, according to a report. Production of milk has been shrinking since April last year due to high summer temperatures and lower availability of water, made worse by delay in rainfall, rating agency Crisil said in the report. [divider style=”normal” top=”20″ bottom=”20″] Modest global growth for iron ore production Global iron ore production will grow modestly…
FEARLESS MOTIVATION: “IT’S NOT EASY, BUT IT’S WORTH IT” It’s easy to have FAITH everything is going to work out, when everything IS working out. It’s much harder to have faith when you are facing challenges in your life. But that is exactly when you need to apply your faith. Because faith is believing in the unseen. Faith is taking the first step. Faith is jumping in the deep end and KNOWING everything will be OK. It’s easy to be positive when everything is working out… It’s much harder, much much harder when nothing is working out…. But that’s when…
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] (USD MN) End Period FE – 25 Deposits and Utilization Deposits Total Deposits / Utilization Resident Non-resident Demand Savings Time Total Demand Savings Time Total Jan-20P 2,626 2,450 1,702 6,778 435 283 101 819 7,597 Dec-19 2,663 2,437 1,760 6,860 435 280 88 803 7,663 Nov-19 2,603 2,529 1,857 6,989 435 278 90 803 7,792 Oct-19 2,727 2,614 1,760 7,101 404 275 89 768 7,869 Sep-19…
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 (Rs) (Feb 07 2020) Currency Symbol Buying Selling Australian Dollar AUD 103 105 Bahrain Dinar BHD 407 409 Canadian Dollar CAD 115.5 117 China Yuan CNY 22.05 22.2 Danish Krone DKK 22.45 22.75 Euro EUR 169 171.5 Hong Kong Dollar HKD…
Province/Region Wise Break-Up Of Islamic Banking Branch Network (As of September 30, 2019) Type Bank Name Azad Kashmir Balochistan Erstwhile FATA* Federal Capital Gilgit- Baltistan KPK Punjab Sindh GrandTotal Islamic Banks AlBaraka Bank (Pakistan) Limited 3 7 – 6 2 16 102 48 184 BankIslami Pakistan Limited 3 12 – 9 2 19 95 78 218 Dubai Islamic Bank Pakistan Limited 7 5 – 11 – 8 85 84 200 Meezan Bank Limited 6 24 1 34 3 43 361 217 689 MCB Islamic Bank Limited 2 11 1 9 1 11 75 68 178 Islamic Banks 21 59…
Researchers reported that Islamic banking is now approximately 30-years old. In 1963, Islamic banking was started in Egypt; most of the biography corroborates but most of the countries within the Globe agreed and developed Islamic banking in their countries during 70s and 80s. Among all classes of the society wealth or income should be equally divided Islam believes and wealth shouldn’t stick with the rich only. In the World, being one of the most developing Muslim nations, State Bank of Pakistan (SBP) has been encouraging and getting the infrastructure for the development of Islamic Banking System in Pakistan. The Islamic…
For a stable and well-organized economic structure in any country, researchers believed that a dynamic financial system is necessary. They have also revealed that a typical financial system comprises financial institutions, financial markets, clearing and settlement houses. Chiefly, banks play a crucial role in progression and development of an economy. In Pakistan banking sector constitutes the core of the financial sector. According to the State Bank of Pakistan (SBP) as growth in the banking sector and the real economy mutually strengthen each other. Presently in the report of banking system outlook – Pakistan, Moody’s revealed that high interest rates, government…
Sensex, Nifty likely to open flat On Thursday, the Sensex had risen 163.37 points – or 0.40 percent – to end at 41,306.03 and the Nifty climbed 48.80 points to 12,137.95. Domestic stock markets are likely to start Friday’s session on a flat note amid weakness in Asian peers, after a four-day rally in which benchmark indices climbed 4 percent. The Singapore Exchange (SGX) Nifty futures – an early indicator of the National Stock Exchange (NSE) Nifty index in India – declined as much as 26.5 points to 12,103.00 ahead of the opening of Indian markets before turning flat. MCCI’s…
*Pakistan and Malaysian strategic partnership *CPEC enters in 2ND phase with SEZ On the conclusion of Prime Minister Khan’s two-day official visit to Malaysia on Wednesday, Prime Minister Imran Khan and his Malaysian counterpart Mahathir Mohamad reaffirmed their shared wish to sustain usual high-level contact and enlarge bilateral economic, trade and investment ties in diversified fields. During their one-on-one meeting and subsequent bilateral delegation meetings, Malaysia and Pakistan firmly stressed that the question of Palestine the condition in India-held Kashmir, and the Rohingya issue should be resolved on the basis of the relevant United Nations Security Council (UNSC) and General…
Are bad days in Indian economy over? There is suddenly buzz around Indian economy, once again. A survey has shown that monthly manufacturing activity for January has suddenly shot up to an eight-year high in India. This is remarkable in the sense that it definitely conveys that their is strong demand surge at the factory gates. This means consumption, which had been lying laggard, has spiked in India. Continued low consumption was being held responsible for longish economic slowdown in India. Now, the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), prepared by IHS Markit, rose from 52.7 in December 2019…
Older ships are being rushed to the scrapyards Amidst a major crisis like the current one, with most of China under lock-down, the shipping industry has a solid opportunity to accelerate the decommissioning of a significant number of older vessels. And as it turns out, this has been the case so far. In its latest weekly report, shipbroker Allied Shipbroking noted that “a state of imbalance in the ship recycling market seems to have been due at this point. The dry bulk sector started on the wrong foot from the very start of the year, with the scene in the…
Coal production in North Dakota dropped 8% in 2019 Coal production in North Dakota dropped 8% in 2019, compared to the prior year. The state’s five coal mines produced 27.2 million tons of lignite, according to a trade group. The Lignite Energy Council says the reduction was mainly due to major outages at various power plants and maintenance at the Great Plains Synfuels Plant. The council represents lignite producers, electric utilities and about 250 industry-related businesses. “The lower tonnage in 2019 also resulted partially from electricity produced from other sources including natural gas, wind generation and the Garrison Dam, which…
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] Balance of payments as per BPM6 (Million US$) Description Q1R FY20 Q2R FY20 Current account balance -1,492 -661 Current account balance without off. transfers -1,666 -768 Balance on trade in goods -5,048 -4,770 Balance on trade in services -1,129 -666 Balance on trade in goods and services -6,177 -5,436 Balance on primary income -1,424 -1,695 Balance on goods, services and primary income -7,601 -7,131 Secondary income…
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 Open Market Rates In Pakistan ( Jan 31, 2020) Currency Symbol Buying Selling Australian Dollar AUD 103 105 Bahrain Dinar BHD 407.5 409.5 Canadian Dollar CAD 116 118 China Yuan CNY 22.15 22.3 Danish Krone DKK 22.55 22.85 Euro EUR 169.5 171.5 Hong Kong Dollar HKD 19.85…
Pakistan: Export Receipts By Engineering Goods (Thousand US Dollar) Details Jul-Jun DecFY19 NovFY20 R DecFY20 P Jul-Dec FY18 FY19 FY19 FY20 P Engineering Goods 233,489 238,212 15,799 74,692 20,199 103,742 198,154 A) Electric Fans 29,265 29,088 1,811 1,308 2,029 11,428 12,106 B) Transport Equipment 32,037 39,710 880 58,301 2,704 5,976 92,421 C) Other Electrical Machinery 35,089 53,447 3,967 3,755 4,318 29,349 21,916 D) Machinery Specialized 37,084 29,220 2,146 1,709 4,233 14,677 14,812 E) Auto Parts 16,465 16,625 1,064 2,213 1,247 7,927 10,269 F) Other Machinery 83,548 70,122 5,930 7,406 5,669 34,384 46,630 [divider style=”normal” top=”20″ bottom=”20″] Production & Sale Data…
According to the Pakistan Bureau of Statistics (PBS) imports into Pakistan during December 2019 worth to Rs. 625,463 million (provisional) as compared to Rs. 612,215 million (provisional) in November, 2019 and Rs. 609,596 million during December 2018 explaining a rise of 2.16 percent over November, 2019 and of 2.60 percent over December 2018. In terms of US dollars the imports in December 2019 was $ 4,037 million (provisional) as against to $ 3,940 million (provisional) in November, 2019 explaining a rise of 2.46 percent but declined by 8.35 percent as compared to $ 4,405 million in December 2018. Statistics showed…
The Electric Vehicle (EV) policy has been presently introduced through the government of Pakistan that is expected would enhance Pakistan’s transport industry in upcoming eras. The Experts also revealed, from all stakeholders EV policy had been planned in Pakistan after incorporating consultations and will also assist increase pollution-free transport amenities. There were four major advantages of EV policy the expert also revealed as these vehicles would run on 70 percent less cost as against to its fuel-based counterpart. It is also recorded that from low running costs to being environment-friendly, in Pakistan introduction of electric vehicles would also assist cut…
Japan stocks higher at close of trade; Nikkei 225 up 0.99pc Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.99 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2515 to 1060 and 204 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00 percent to 14.88. Crude oil for March delivery was up 1.42 percent or 0.74 to $52.88 a barrel. Elsewhere…
*Prime Minister Imran Khan Invites Facebook and abolish unnecessary taxes Prime Minister Imran Khan invited Facebook to consider investments to support Pakistani incubators and to assist with digital literacy initiatives. The prime minister was tallking to Ms Sheryl Sandberg, COO of Facebook, who called on him in Davos, on the sidelines of WEF Annual Meeting 2020. The Prime minister said the social media platforms should organize third party fact checking services for more responsible digital journalism. The COO Facebook enlarged invitation to the prime minister for visiting Facebook headquarters. On the other hand PM also directed to eliminate needless taxes…
CPEC: The bigger scenario Why is Washington making a song and dance about the China-Pakistan Economic Corridor (CPEC)? Are their reservations with regard to the multi-billion programme rooted in deep concerns for Pakistan’s long-term wellbeing? Do – like caring parents who believe their naive child should give a wide berth to bad company – they want Islamabad to keep the Chinese at an arm’s length? Or do the Americans look upon the corridor as a strategic ploy by Beijing to put its stamp on the region at their expense? From the American perspective, as outlined by a senior State Department…
Demolition market off to a good start Ship owners have been more active in the demolition market this week, as freight rates have retreated in most markets, triggering an exodus of older units. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it would appear that many more vessels are being talked around the market with Owners starting to consider options for their vintage units, especially as they start to adjust themselves to the IMO 2020 regulations and look for business opportunities. This has been further prompted by the Baltic dry index which has destabilized this week, especially…
PM for advanced planning to meet wheat requirement Prime Minister Imran Khan has directed for advanced planning to meet the wheat requirement of the country in the coming months and to finalize the estimates and procedures on fast track basis. He was chairing a meeting to devise a course of action regarding wheat situation in the country, national demand, and available stock and future requirements. The Prime Minister said flour is a staple food and people should not face any difficulty in its availability. Imran Khan also emphasized to give special attention on checking the hoarding and profiteering of wheat.…
Motivational Speech For Entrepreneurs JK Rowling’s life advice JK Rowling has some inspirational advice for graduating students – or for anyone in this universe, really. Her new book, out on 14 April, is her 2008 commencement speech at Harvard University. Proceeds from sales will be donated to, a charity for disadvantaged children founded through Rowling, and to a monetary aid program at Harvard. Some of her wisdom from that speech, for those of you who want to become an entrepreneur is below. *The Harry Potter author’s new book is based on an inspirational speech she gave to Harvard students* Rowling,…
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] Cumulative Trading Volumes Of Government Securities Month to Date: 31-Dec-19 Last Trade Details Month-to-Date Details Security Price Yield Last Volume Last Trade Date Traded Yield Total Traded Volume High Low (Million PKR) PK03TB051219 13.90% 13.15% 3,288.60 PK03TB191219 99.6707 13.40% 2.0 10-Dec-19 13.80% 13.25% 13,277.65 P03PIB291219 13.75% 13.27% 46,797.10 PK03TB020120 99.9269 13.35% 2,180.0 31-Dec-19 14.00% 13.15% 141,696.26 PK03TB160120 99.9269 13.35% 10,000.0 31-Dec-19 13.90% 12.75% 63,219.15 PK06TB160120 99.4182…
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 Open Market Rates In Pakistan (Rs) ( Jan 25 2020) Currency Symbol Buying Selling Australian Dollar AUD 105.25 107.25 Bahrain Dinar BHD 407.5 409.5 Canadian Dollar CAD 116.5 119 China Yuan CNY 22.15 22.3 Danish Krone DKK 22.6 22.9 Euro EUR 170.5 172.5 Hong Kong Dollar HKD…
Average Sector Wise Natural Gas Consumption in Million Cubic Feet per Day (MMCFD) (July 2018 – Feb2019) Sector Gas Consumption in MMCFD RLNG Total Power 865 546 1,411 Domestic 889 – 889 Commercial 84 5 89 Transport (CNG) 136 47 183 Fertilizer 621 24 645 General Industry 485 163 648 Total 3,080 785 3,865 Source: Ministry of Energy, Directorate General Gas [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Net FDI In Pakistan ($ Million) Country 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Jun FY19 (R) Jul-Dec FY20 (P) Oil & Gas 629.4 559.6 502 300.5…
Since 2010 investigators revealed that oil demand has raised quickly altogether over the planet due to worldwide oil price has driving down. Rise within the oil price cause to extend within the cost, import bills and price of petroleum products, therefore the fall within the productivity because of growing cost of input (oil) cause fall within the consumption level, investment and consequently in economic process. They have also revealed that so oil price shocks limit the oil consumption which might lessen the economic process. Consumption of energy plays vital role in enhancing the expansion of economy. Oil consumption also plays…
Turkmenistan, Afghanistan, Pakistan and India (TAPI) Gas Pipeline Project is one in every of the long-term gas pipeline development project for Turkmenistan, Afghanistan, Pakistan and India. TAPI which is additionally called as peace project, is the foremost important gas pipeline projects by connecting Turkmenistan with Southern Asian countries so as to have interaction them by mutual cooperation. The TAPI gas pipeline from Caspian Sea, by having an 1814 km of its route line from Galkynysh gas-field, Turkmenistan runs through Afghanistan’s Herat, Kandahar, Farah and Helmand provinces to Quetta, Balochistan and Multan through Pakistan to Fazilka district in Punjab, India. TAPI…
KSE-100 snaps losing streak, gains 126 points After posting losses for four consecutive days, the stock market reversed the trend and rose 126 points on Friday, led by buying in banking and cement sectors amid thin trading. Investors pinned their hopes on Pakistan’s likely exclusion from the Financial Action Task Force’s (FATF) grey list by June 2020 as they expected diplomatic support in the FATF meeting to be held in Paris next month. At close, the benchmark KSE 100-share Index recorded an increase of 126.08 points, or 0.3 percent, to settle at 42,633.02. Overall, trading volumes decreased to 173 million…
* Imran Khan invites German Software Company to support Pakistan and thank Azerbaijan’s president Prime Minister Imran Khan and his Singaporean counterpart Lee Hsien Loong have expressed their desire to more deepen bilateral ties between Pakistan and Singapore with focus on improving trade and investment. The two leaders expressed the desire during their meeting held on the sidelines of the World Economic Forum in Davos, a Foreign Office statement issued on Wednesday said. Referring to the present improvements in Pakistan’s rankings through dissimilar rating agencies, Imran Khan invited the Singaporean businessmen and investors to increase their footprint in Pakistan. He…
Slowing Indian economy weighs on insurance and reinsurance sectors Slowing Indian economy will weight on insurance premium growth over the next two-three years, Moody’s Investor Service said on Tuesday. However, supportive measure taken by the regulator Insurance Regulatory and Development Authority of India (IRDAI) will help counterbalance the deteriorating economic environment. “India’s GDP (gross domestic product) growth weakened to its slowest rate in five years in the fiscal year ended March 2019, and the resultant financial pressure on rural households amid weaker job creation is in turn also weighing on premium growth,” said Moody’s Senior Vice President Benjamin Serra. According…
Demolition market off to a good 2020 begin With the majority of shipping markets on a downward path, market delegates were expecting an increase in ships’ recycling activity and this scenario is now materializing. In its latest weekly report, shipbroker Clarkson Platou Hellas said that it seems the positivity seen last week has carried forward into this week as various market negotiations pushed price levels further and proved that any previous sales were not just a flash in the pan. This stability has come from the Indian steel industry remaining positive on the back of their improved domestic steel rates…
Column-China virus outbreak a further risk to iron ore, steel viewpoint The risk to commodity demand from the spread of a new flu-like virus in China has so far focused on crude oil and related products such as jet fuel, but the iron ore and steel markets will also be keeping a nervous watching brief. The effective quarantining of Wuhan, a city of 11 million people where the new strain of coronavirus emerged, sounds like a major step to combat the virus which has so far killed 17 people and infected several hundred more. That the move comes on the…
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] Savings Mobilized By National Savings Schemes (Million Rs.) During DSC RIC SSC (R) Prize Bonds Others Total 2017-18 10,743.6 8,726.3 -51,180.1 103,898.9 131,640.4 203,829.1 Jul -331.1 -3,086.0 -5,267.6 8,186.5 12,533.8 12,035.6 Aug 732.7 -1,421.8 -3,509.8 9,696.6 17,413.3 22,911.0 Sep 468.6 209.2 -2,960.0 8,754.7 5,209.7 11,682.1 Oct -354.1 -886.3 -3,300.2 3,575.6 7,567.9 6,808.4 Nov -233.0 -397.8 -5,468.9 10,342.7 10,741.3 14,817.0 Dec 5,801.0 10,714.7 -4,948.0 5,046.0 7,487.3 24,062.4…
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 rates as per open market (Rs) ( Jan 17 2020) Currency Symbol Buying Selling Australian Dollar AUD 106 108 Bahrain Dinar BHD 407.5 409.5 Canadian Dollar CAD 117 119 China Yuan CNY 22.35 22.5 Danish Krone DKK 22.8 23.1 Euro EUR 170.5 172.5 Hong Kong Dollar…
Cement Production Capacity & Dispatches In Pakistan (Operational Units Data) July to June Production Capacity (Mn. Tonnes) % age Incr/(Dec) Local Dispatches (Mn. Tonnes) % age Incr/(Dec) Exports (Mn. Tonnes) % age Incr/(Dec) Total Dispatches (Mn. Tonnes) % age Incr/(Dec) (Total) Capacity Utilization % age Surplus Capacity (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…
Presently, the Government of Pakistan stated that promoting Pakistan’s construction industry will provide a boost to the country’s economy and can create new career opportunities. It is said that Pakistan is a nonviolent state and every Pakistani is a free citizen and the government is bound to defend life and property of every citizen. The researchers said that the main obstacle to enhancing the condition of construction industry in Pakistan is revealed to be lack of expertise/resources in construction project management and its applied areas. Furthermore, a rigid attitude and behavior of executive management toward safety, quality and risk management,…
International studies revealed that the worldwide cement trade enters 2020 with a mixed outlook. The Cement demand growth is possibly going to be stuck at a moderate pace in most regions. Geographical region demand is foreseen to decline once more, due to of lower demand in Asian country and Turkey. Rising mercantilism costs are the most optimistic trade variable, with costs foreseen to enlarge a minimum of in line with inflation. The studies also showed that the shipping prices are predicted to enlarge because of the new International Maritime Organization rules. Pressure on the trade to curb carbonic acid gas…
Japan stocks higher at end of trade; Nikkei 225 up 0.45pc Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.45 percent to hit a new 1-month high. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1970 to 1550 and 265 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00 percent to 13.90. Crude oil for February delivery was up 0.21 percent or…
*Four more youth empowerment initiatives on the cards Prime Minister Imran Khan and the government believe that if one start-up in Pakistan is introduced correctly, it can turn around the entire country’s economy.” It is said announcing to introduce PM Innovation Lead Competition program, under the start-up Pakistan in upcoming days. Top ten start-ups of Prime Minister Innovation Lead Competition would be enlarged technical and financial support through the government of Pakistan, special assistant to the Primer on Youth Affairs Muhammad Usman Dar. He also presently hinted at the launching four more projects of youth empowerment under Kamyab Jawan Programme…
Vietnam aims to grow its economy by 7pc this year Vietnamese officials aim to expand their economy by 7percent this year, among its fastest rates ever and quicker than world factory powerhouse China, due to investment in manufacturing, lack of trade disputes and the rise of a middle class. The central government has formally decided to pursue GDP growth this year of 6.8percent to 7percent, securities analysis firm SSI Research in Hanoi said January 3. Manufacturing will be the “leading growth vector going forward, with the service sector forecasted to follow closely behind,” the research firm said. A 7percent showing…
ABB presents recommendation for zero-emission marine technology ABB Marine & Ports delivered testimony in the US House of Representatives Committee on Transportation and Infrastructure about the future of marine technologies. Underpinning ABB’s commitment to tackling the ever-increasing consequences of climate change, ABB Marine & Ports presented a comprehensive approach to reducing marine emissions at a hearing in front the Subcommittee on Coast Guard and Maritime Transportation. [divider style=”normal” top=”20″ bottom=”20″] Wind ships ahead The physical principle is the same one humans have used on sailing boats since eons ago: the wind hits the leading edge of the sail and splits…
Cow milk production decreases in Turkey Turkey’s statistical authority said on Monday that, in November, Turkey collected almost 728,000 tons of cow milk and as said in a statement by Turkish Statistical Institute (TurkStat), the November figure decreased by 2.1 percent in comparison with the same month last year. According to the statement, in the January-November period, [the cow milk production] decreased by 5.2 percent when compared to the same period of the previous year. In November there was a decrease of 2 percent in comparison with the same month last year, as 128,700 tons of drinking milk was produced…
The Entrepreneurial Mindset “Your Problem is solved” – the 4 worded sentences by Sir Adamjee Haji Dawood in reply to Quaid-e-Azam’s appeal to fund the newly born nation can be regarded as one of the greatest service any one did for Pakistan and founder of Pakistan. Sir Adamjee Dawood was approached by Finance team of newly formed Government of Pakistan on orders of Quaid-e-Azam on August 27, 1947 – just 13 days after the country gained its independence. Pakistan ran into financial trouble due to planned stoppage of funds it was supposed to receive. At that critical moment of history,…
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] Production Of Selected Large-Scale Manufacturing Items During Jul – Oct Items Weights Adjusted Weights % Change Items Weights Adjusted Weights % Change FY20 FY19 FY20 FY19 Textile 20.91 29.74 0.18 -0.14 Iron & Steel Products 5.39 7.67 -14.97 -4.78 Jute Goods (Total) 0.33 0.47 -11.17 -5.85 H/C.R.Sheets/Strips/ Coils/plates etc 2.28 3.25 -0.98 2.13 Woollen & carpet yarn 0.33 0.47 24.18 2.23 Fertilizers 4.44 6.31 10.71 2.96…
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 Open Market Rates In Pakistan (Jan 10, 2020) (Rs) Currency Symbol Buying Selling Australian Dollar AUD 105.5 107.5 Bahrain Dinar BHD 406 408 Canadian Dollar CAD 118 119.5 China Yuan CNY 22.15 22.3 Danish Krone DKK 22.7 23 Euro EUR 171.5 174 Hong Kong Dollar HKD 19.8…
Workers’ Remittances In Pakistan (Million US Dollars) Item Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 I. Cash Flow 2,039.30 1,690.87 1,747.95 2,000.80 1,819.66 1. USA 332.37 297.41 281.91 322.38 298.64 2. U.K. 299.27 250.20 264.89 328.69 285.56 3. Saudi Arabia 470.95 377.58 420.88 468.18 407.48 4. U.A.E. 427.33 348.51 363.34 398.96 383.77 Dubai 277.38 230.68 242.79 269.67 264.17 Abu Dhabi 145.35 115.07 118.15 126.20 116.44 Sharjah 2.37 0.67 0.28 1.08 0.89 Others 2.23 2.09 2.12 2.01 2.28 5. Other GCC Countries 198.06 158.60 162.77 191.77 172.25 Bahrain 31.64 24.43 23.46 26.14 24.22 Kuwait 64.16 49.27 51.97 59.88 55.55 Qatar 36.88 29.36 31.23…
Statistics showed that during November 2019, overseas Pakistani workers sent $1.81 billion as 9.35 percent higher remittances, which helped improve the country’s ability to make import payments and repay foreign debt. In the same month of the previous year, remittances stood at $1.66 billion, the State Bank of Pakistan (SBP) announced. For a very long time, remittances have existed. Despite the fact, remittances have become a big trend of international financial transfer in these current years. For many initiatives in developing countries, remittances are becoming a primary source of funding. It has been explained in various ways such as monetary…
In the online world, e-commerce is basically a trade. It includes online sales, orders, information and flow of money, business transactions and transactions, etc. In short, under the umbrella of e-commerce is all the economic activity that is catered and driven through the internet. Today’s e-commerce covers the entire business world. E-commerce uses include online banking, business transactions, purchasing and selling services, electronic data exchange, e-commerce data collection (B2B), Business to consumer e-commerce (B2C), digital wallet, supply chain and logistics document automation, electronic tickets, management of business content, internet security, online auction, online office suites, social networking. Sources urged that…
Pakistan stocks index extends rally, hits 17-month high The stock market extended its rally on Friday as the benchmark KSE-100 index rose 684 points and touched a 17-month high. The rally came in line with expectations as analysts had anticipated that the index would resume its advance following de-escalation of tensions between Iran and the US. Washington expressed its intention to enter into serious negotiations with Tehran in a bid to bring an end to the looming tensions. Earlier, stock trading in the first session kicked off positively and the KSE-100 index jumped in early hours and breached the 43,000-point…
*Govt to establish 1st corporate restructuring company Prime Minister Imran Khan has taken one more step towards economic development as the federal government decided to establish Pakistan’s first corporate restructuring company. Sources also mentioned that the upcoming entity, Pakistan Corporate Restructuring Company Limited (PCRCL), will be organized with the assistance of 10 domestic banks with an initial paid-up capital of Rs 500 million. The company aims to create employment opportunities through the revival of distressed entities in Pakistan. It is also said that the initiative taken under the Corporate Restructuring Companies act will raise the economic growth rate after the…
South Korea announces $51bn infrastructure spend ahead of elections South Korea plans to pour billions of dollars into developing public infrastructure in a stark U-turn for President Moon Jae-in’s administration, which is struggling to boost growth despite low interest rates and a record fiscal stimulus. Seoul will increase spending at state-run institutions by 12 percent to Won60tn ($51.2bn) this year, with the bulk of the money set aside for infrastructure building and housing construction, the finance ministry said on Wednesday. Mr Moon, a popular leftwing leader, had ruled out using the property market to “artificially” boost the economy ahead of his…
How will technology shape the shipping industry in 2020? The impact of technology on the shipping industry will grow in 2020, as companies increasingly introduce cloud-based software and apps in their businesses. The increased availability, reliability and reduced cost of the internet at sea will be the key drivers for this growth, says Alexander Buchmann, Managing Director, Hanseaticsoft. He says, “Shipping companies globally are realizing the many business advantages of technology to drive down costs, automate tasks, reduce administration and improving efficiencies. “The cloud facilitates the access of business data and applications from anywhere at any time and with any…
Oil falls below $65/bbl in first weekly drop Oil fell below $65 a barrel on Friday in its first weekly loss since late November, erasing the week’s risk premium added since a US drone strike killed a top Iranian general as investors focused on rising US inventories and other signs of ample supply. However, markets were still eyeing the longer-term risks of conflict, and prices were briefly supported on Friday by new US sanctions on Iran in retaliation for its missile attack on US forces in Iraq this week. Also, a Russian navy ship “aggressively approached” a US Navy destroyer…
*Hakeem Muhammad Saeed remembered on his birth anniversary Prominent and world acclaimed medical researcher Hakim Muhammad Saeed was remembered on the occasion of his birth anniversary on Thursday (January 9, 2020). Hakim Saeed was born on January 9, 1920. He was a renowned scholar, a philanthropist and the former governor of Sindh. “The nature of man is that, he is glad to hear his goodness.” –Hakeem Muhammad Saeed Hakeem Muhammad Saeed ancestors came in the Asian subcontinent from Kashgar (now Kashi, Xinjiang, China), in the reign of the Mughal emperor, Shah Alam. They first stayed at Peshawar for about 18…
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] Pakistan: Foreign Currency Deposits (Million USD) End Period FE – 25 Deposits and Utilization Deposit Total Deposits / Utilization Resident Non-Resident Demand Savings Time Total Demand Savings Time Total Nov-19P 2,603 2,529 1,857 6,989 435 278 90 803 7,792 Oct-19 2,727 2,614 1,760 7,101 404 275 89 768 7,869 Sep-19 2,683 2,528 1,830 7,041 420 273 89 783 7,823 Aug-19 2,701 2,571 1,799 7,071 450 267…
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 Open Market Rate In Pakistan ( Jan 03 2020) (Rs) Currency Symbol Buying Selling Australian Dollar AUD 107 109 Bahrain Dinar BHD 406 408 Canadian Dollar CAD 117.5 119.5 China Yuan CNY 22.15 22.3 Danish Krone DKK 22.9 23.2 Euro EUR 171.5 173.5 Hong Kong Dollar HKD…
Financial Soundness Indicators Of MFBS (%) Details Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Capital Total Capital to Total RWA 20.1 22.6 21.1 19.6 18.7 Tier 1 Capital to Total RWA 17.7 20.2 18.7 17.4 16.5 Capital to Total Assets 14.7 15.5 15.5 13.7 13.4 Asset Quality NPLs to Total Loans 2.7 2.4 3.2 4.3 4.6 Provision to NPLs 95.9 92.1 84.9 70.5 69.6 Net NPLs to Net Loans 0.1 0.2 0.5 1.3 1.4 Net NPLs to Capital 0.5 0.7 2.0 5.5 6.3 Earnings ROA before Tax 3.0 2.9 1.2 0.4 (0.2) ROA after Tax 1.8 1.7 0.3 (0.4) (0.9) ROE before…
International studies identified 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 feasible projects for growth acceleration in any state. It is also identified that sustainable economic growth is a predominant concern for all states, particularly developing economies that regularly face burgeoning fiscal deficits mostly driven through higher levels of debt service, mainly foreign debt servicing and widening current account deficits. In the developing state like Pakistan, current statistics showed that general government debt (counting guarantees and IMF borrowing) fell to 84.7 percent…