Author: S. Kamal Hayder Kazmi

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…

Researchers say that the economic performance and economic growth of a country is influenced through multiple factors. For economies in general and developing economies in particular, Foreign Direct Investment (FDI) has been believed and argued as a significant determinant, basically made to acquire lasting interest in an enterprise operating in an economy other than that of the investor, for the purpose being an effective voice in the management or control of that enterprise. Net FDI in Pakistan ($ Million) Country 2013-14 2014-15 2015-16 2016-17 2017-18 Jul- Jun FY19 (R) Jul-Nov FY20 (P) Oil & Gas 502 300.5 248.9 146 372…

Pakistan stocks retreat on global tensions After a phenomenal rally in the preceding session, the KSE-100 Index finished the last trading day of the week on a negative note amid global equity sell off following uncertainty over outcome of US Iran conflict. The Index shot up from the moment trading began; however, the momentum could not be sustained as cautious trading dragged the index lower. Investor concerns emanated over political noise and high inflation data. Moreover, the constant foreign outflow in the past few days also dented sentiments. On the international front, oil chain reacted to the jump in global…

*Pakistan Launches Health Insurance for Transgender Prime Minister Imran Khan says the Sehat Insaf Card will provide health insurance for members of Pakistan’s transgender community to ensure the rights and protection of the most vulnerable segments of society. Addressing a ceremony to launch the Sehat Insaf Card, a subsidiary the government’s Sehat Sahulat program, Imran Khan claimed this was the first time in Pakistan’s history that an incumbent regime had taken accountability of the transgender community, with an aim toward giving them a “a sense of ownership” over their status as Pakistanis. Pakistan was organized on the basis of justice,…

ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Post-olympic economic slump unlikely to hit Japan As Japan gears up for Olympic euphoria later this summer, some fret that the country could experience a sense of deja vu, recalling the significant economic downturn that followed the hosting of the 1964 Tokyo Games. However, it is unlikely that Japan will face such a slump this time around. Rather than fearing an Olympic hangover, Japan should carefully observe other risks, economists say, such as trade conflicts, the U.S. presidential election and fallout from October’s consumption tax hike. “If the economy were to slow down after…

Dry bulk newbuilding activity took a dive in 2019 While 2019 was a year of great turbulence in the dry bulk market, some silver lining can be found in the fact that future tonnage supply could be limited, at least given the low level of newbuilding activity. In a recent report, shipbroker Allied Shipbroking said that “2019 was one of the slowest in terms of dry bulk newbuilding activity. New ordering activity has been curtailed significantly (especially when compared with the two preceding years) and the worldwide orderbook has significantly deflated during the past 12 months, as a result of…

World oil prices move higher as US strike killed Iranian commander Oil prices jumped to the highest level in more than three months on Friday after the United States killed a top Iranian military commander in Iraq, sparking fears that escalating conflict in the region could disrupt global oil supplies. Brent crude ended the session up 3.6% or $2.35 at $68.60 a barrel, off the session peak of $69.50, the highest level since the mid-September attack on Saudi oil facilities. West Texas Intermediate (WTI) crude settled up $1.87 or 3.1% at $63.05 a barrel. The session high was $64.09 a…

The Entrepreneurial Mindset Mark Zuckerberg was born on May 14, 1984 in White Plains, New York and grew up near Dobbs Ferry. He was born into a well-educated family and has developed an interest in computer programming at an early age. At the age of 12, Zuckerberg has created a messaging program called Zucknet that he implements as an internal communication system for his father’s dental practice. Because of his first signs of success, his parents made him a computer tutor while still in high school and enrolled in a New Hampshire high school. After graduating from high school, Zuckerberg…

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] Nominal / Real Effective Exchange Rate Indices Of Pak Rupees ( Base 2010 = 100) Month Average NEER REER Percentage Change over last Year NEER REER 100 100 Jun-15 88.6289 117.0138 4.74 8.24 Jun-16 89.2890 117.3399 0.74 0.28 Jun-17 90.9981 121.0086 1.91 3.13 Jun-18 78.4221 107.4833 -13.82 -11.18 Jun-19 62.8885 90.9787 -19.81 -15.36 Monthly Position Percentage Change over last Month Oct-17 88.8910 119.5480 0.99 1.61 Nov-17…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Open Market Currency Rate (Dec 27 2019) Currency Symbol Buying Selling Australian Dollar AUD 106.5 108 Bahrain Dinar BHD 407 409 Canadian Dollar CAD 117 118.5 China Yuan CNY 22.1 22.25 Danish Krone DKK 22.9 23.2 Euro EUR 171 173 Hong Kong Dollar HKD 19.85 20.1 Indian…

Share In GDP (As percent of GDP(mp)) Sectors 2003-04 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Total Consumption 82.6 91.8 90.7 91.3 93.2 94.2 94.8 Private Consumption Expenditure 74.9 81.0 79.8 80.0 81.9 82.5 82.1 General Government Expenditure 7.8 10.8 11.0 11.3 11.3 11.7 12.6 Total Investment 16.4 14.6 15.7 15.69 16.2 16.7 15.4 Gross Fixed Capital Formation 14.8 13.0 14.1 14.1 14.6 15.1 13.8 Private 11.3 9.9 10.4 10.3 10.1 10.3 9.8 Public including General Public 3.5 3.2 3.7 3.8 4.5 4.8 4.0 Change in Inventories 1.6 1.6 1.6 1.6 1.6 1.6 1.6 National Saving 17.7 13.4 14.7 13.9 12.0…

Throughout the world, roads are shared through buses, cars, trucks, motorcycles, mopeds, pedestrians, animals, taxis, and other travelers. International experts revealed that travel made possible through motor vehicles supports economic and social development in various states. Yet each year, vehicles are involved in crashes that are accountable for millions of deaths and injuries. Whether you’re on the road at home or abroad, know the risks and take steps to protect your health and safety. According to the World Health Organization (WHO), road accidents in Pakistan claimed 27,500 lives and injured a predicted 500,000 people in the year 2016. The figures…

The Analysis of Economic Survey of Pakistan FY2019 analyzed that the macroeconomic stability is a fundamental pre-requisite for sustained economic growth. Pakistan’s economy has experienced frequent boom and bust cycles. Typically, each cycle comprised of 3-4 years of relatively higher growth followed by a macroeconomic crisis which necessitated the stabilization programs. The inability to attain sustained and rapid economic growth is because of structural challenges which require effective monetary and fiscal initiatives to attain macroeconomic stability. It has been also analyzed that the outgoing 5-year plan has seen an average growth of 4.7 percent against the target of 5.4 percent.…

Pakistan stocks index sheds 279 points in range-bound trading The KSE-100 index reversed its trend and shed 279 points on Friday in range-bound trading. Analysts had previously termed the outgoing week as a rollover week when investors would offload stocks bought earlier at attractive valuations. In addition to this, absence of positive triggers to guide market’s direction also weighed on investor sentiment and spread pessimism for the rest of the day. At close, the benchmark KSE 100-share Index recorded a decrease of 279.26 points, or 0.68percent, to settle at 40,848.53. Traded value stood at $61 million, up 19percent and volume…

* Government to announce special concessions for overseas Prime Minister Imran Khan said, the government of Pakistan is working on policy to proclaim special incentives for overseas Pakistanis, who send remittances through legal channels. He was addressing the launching ceremony of Delivery of Home Remittances Scheme by Overseas Pakistanis through Pakistan Post. According to the source, the Prime Minister urged now families of overseas Pakistanis will be able to get remittances through a network of 500 designated post offices in Pakistan. Prime Minister said overseas Pakistanis are a precious asset for the country and they played a vital role in…

Japan’s economy faces another rocky year The year 2019 was a bumpy one for Japanese Prime Minister Shinzo Abe in steering his country’s economy, and next year isn’t looking any easier. Data over the past two months show the world’s third-largest economy has been hit with a double blow. Exports are falling after the U.S.-China trade war and other troubles hit industries in China that rely on Japanese parts. At home, retailers are suffering after Mr. Abe reluctantly made the call to raise the national sales tax to 10percent from 8percent. “It is true that some weakness has been observed…

2019 Ends with plethora of newbuilding and S&P deals Ship owners have sought to seal a number of deals prior to the end of 2019, both in the newbuilding and the second hand markets. In its latest weekly report, shipbroker Allied Shipbroking noted that “things remained interesting for yet another week in the newbuilding market. In the dry bulk sector, we witnessed an another good rally for the Kamsarmax size segment, which saw its Orderbook boosted by 4 (optional + 4) units. This may have caught many by surprise, given the steep negative pressure that the overall dry bulk market…

Oil prices post fourth consecutive weekly gain Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a US-China trade deal fueled a year-end stock market rally. Brent crude LCOc1 rose 24 cents to settle at $68.16 a barrel, the highest since mid-September. The international benchmark has climbed nearly 27% since the end of 2018. West Texas Intermediate CLc1 rose 4 cents to settle at $61.72 a barrel, another three-month high. The US benchmark has risen…

The Entrepreneurial Mindset Sir Richard Branson Sir Richard Charles Nicholas Branson popularly known as Richard Branson is a British business magnate, best known for his Virgin Group spanning over 400 companies. Branson is the 5th richest person in the UK according to Forbes’ 2011 list of billionaires with an estimated net worth of USD 4.2 billion. His internationally acclaimed brand “Virgin” is displayed on everything from credit cards, to airlines and music “megastores”. He has knack to attract media with his marketing tactics and balloon adventures. Born on July, 18, 1950 in Blackheath, London to barrister Edward James Branson, Branson…

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] Loans Classified By Borrowers (By Type Of Finance) (Million Rs) Outstanding Position at the end of November 2019 Based on ISIC 4 Classifications of Private Sector Businesses Export financing Import financing Government self employment schemes Advances by size of institutions Export finance schemes Other than SMEs SMEs Loans to Private Sector Business 417,211 293,518 13,624 4,823,929 474,129 A. Agriculture, forestry and fishing 673 1,431 1,154 299,338…

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 (Dec 20 2019) Currency Symbol Buying Selling Australian Dollar AUD 105 107 Bahrain Dinar BHD 405 407 Canadian Dollar CAD 116.5 118 China Yuan CNY 22 22.15 Danish Krone DKK 22.8 23.1 Euro EUR 171 173 Hong Kong Dollar HKD 19.75…

Hotels In Pakistan Shelton’s Rezidor Lahore Islamabad Regalia Hotel Hotel Reego, Skardu Avari Xpress Gulberg Pearl Continental Hotel Rawalpindi Islamabad Marriott Hotel Star Gaze Hotel & Apartments Islamabad Serena Hotel Pearl Continental Lahore Pearl Continental Hotel Karachi Ramada by Wyndham Islamabad Grand Millennium Hotel Lahore Continental Hotel Quick Continental Hotel Avari Hotel Lahore Hotel Pak Heritage Hotel Mehran Karachi Hotel One Mall Road Murree Regent Plaza – Hotel Karachi Marriott Hotel Carlton Hotel Mövenpick Hotel Karachi Ramada Plaza Karachi Shangrila Resort Hotel Murree Hills Avari Towers Karachi Beach Luxury Hotel [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Pakistani Tourist…

Researchers revealed that hotel industry in any country is a significant sector offering comfort to the customers in the form of shelter, food and refreshment but the operations of the hotel impact environment in many ways like CO2 emissions, water pollution and waste generated. No doubt, hotels are the biggest and popular way of residence among local and international visitors. They have also revealed that the tourism industry has a great impact on hotel industry and both industries are interconnected because of their mutual benefits. The hotel industry of any country is a sign of its cordial reception for foreigners…

Pakistan: a best holiday destination for 2020 In 2018, the Travel & Tourism (T&T) industry helped generate 10.4 percent of world gross domestic products (GDP) and a similar share of employment, and has shown enormous resilience over the last decade, international study revealed. Fueling this expansion and relative resilience is the ongoing growth of the middle-class in Asia and other parts of globe. In the coming decade, it is reported that the industry contribution to GDP is predicted to increase by about 50 percent. In light of this expansion, policy-advisors, industry leaders and other stakeholders will have to pay closer…

Pakistan stocks index gains 178 points in range-bound trading In a turnaround, the stock market rose 178 points in range-bound trading on Friday as rising international crude oil prices kept investor interest alive. A detailed verdict in former president Pervez Musharraf’s treason case, however, prevented the market from making hefty gains. Trading in the first session began on a bullish note, however, selling pressure emerged shortly afterwards and the index traded within a narrow range. It ended the session with a loss of 127 points. The oscillation in the index continued in the second session as well but a buying…

Imran Khan says eradication of the polio virus is vital nation Prime Minister Imran Khan urged the nation to join the government’s polio eradication attempts to ensure uninterrupted national economic development and for building an optimistic image of Pakistan. Addressing the launching ceremony of the National Immunisation Campaign, the Imran Khan said that eradication of the polio virus was vital for both the children as well as the future of the nation. During the three-day drive starting on December 16, almost 39.6 million children would be vaccinated across the country by around 260,000 vaccinators. The campaign is being held in…

Afghanistan’s peace needs capital to endure There is intense focus now on how to reach a peace agreement in Afghanistan, but little on how to sustain peace, particularly in an area that bores so many policymakers and pundits: economics. Yet peace with inadequate economic support risks adding demobilized soldiers and Taliban to the large numbers of unemployed Afghans. Massive social resentment easily can lead to a return to violence with space for terrorist movements such as al Qaeda and ISIS (more than 20 in all), to strengthen their foothold. Avoiding this danger requires international support and private investment. Both demand…

Demolition market fired up Ships’ recycling activity has accelerated over the past couple of weeks, in what appears to be a long-awaited increase in sales of older vessels. In its latest weekly report GMS, the world’s leading cash buyer of ships, said that “activity has ramped up in the final month of the year, with several sales of diverse and some large LDT units registering across all sectors. All locations are now poised positively, with a firming demand and improving prices finally giving those Owners and Cash Buyers with tonnage to sell, some much-needed respite, especially after a disastrous fourth…

World oil benchmarks post 3rd weekly gain Oil prices fell on Friday, but both benchmarks logged a third straight weekly gain amid the easing of US-Chinese trade tensions, which has boosted business confidence and the outlook for global economic growth. Brent LCOc1 crude futures settled at $66.14 a barrel, down 40 cents, or 0.6%, but marked a weekly rise of around 1.4%. US West Texas Intermediate crude CLc1 futures settled at $60.44 a barrel, falling 40 cents, or 1.21%, while gaining about 0.6% on the week. Progress in the trade dispute between the world’s two biggest oil consumers has raised…

The entrepreneurial mindset Details matter, it’s worth waiting to get it right. Steve Jobs Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves. Steve Jobs The doers are the major thinkers. The people that really create the things that change this industry are both the thinker and doer in one person. Steve Jobs I’m actually as proud of many of the things we haven’t done as the things we have done. Steve Jobs In the broadest context, the goal is to seek enlightenment – however you define…

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] Repatriation of profit / dividend by country on foreign investment (Million US $) Sr. Country September 2019 (P) October 2019 (P) Payments on Payments on FDI FPI Total FDI FPI Total 1 Australia – 0.0 0.0 2.9 0.0 2.9 2 Bahamas – – – – 0.2 0.2 3 Bahrain – – – – 0.1 0.1 4 Canada – 0.0 0.0 – 0.3 0.3 5 China 1.2…

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 (Dec 12, 2019) Currency Symbol Buying Selling Australian Dollar AUD 104.5 106 Bahrain Dinar BHD 405 407 Canadian Dollar CAD 116 118 China Yuan CNY 21.95 22.1 Danish Krone DKK 22.85 23.15 Euro EUR 170 172.5 Hong Kong Dollar HKD 19.75 20 Indian Rupee…

Advances Classified By Securities/Borrowers (Rs in Billion) Securities/Borrowers Oct-19 R Foreign Banks Private Sector Banks Public Sector Banks Specialized Banks All Banks 1. Foreign Constituents – 0.3 – – 0.3 2. Domestic Constituents 81.5 6,012.3 1,550.7 164.6 7,809.1 I. Government – 621.4 165.9 0.9 788.2 II. Non-Financial Public Sector Enterprises (NFPSE) – 868.6 316.3 – 1,184.9 III. Non-Bank Financial Institutions (NBFIs) – 94.5 20.3 0.2 115.1 IV. Private Sector (Business) 80.9 3,907.0 866.9 160.8 5,015.6 I. Gold Bullion, Gold, And Silver Ornaments, Precious Metals – 4.9 46.5 – 51.5 II. Securities, Shares And Other Financial Instruments – 33.3 8.0 0.0…

One of the oldest and leading banks in Pakistan is MCB Bank Limited which has journeyed a remarkable tenure of more than half a century of competitively edged and well positioned heights of success by deploying quality banking, heads on technological developments, professionally leading management and prudent and ethical work methodologies. In the Financial Statements of MCB Bank Limited (MCB) for the nine months period ended September 30, 2019, officials recorded that the profit before tax (PBT) of Rs 27.51 billion which is 18 percent higher than the corresponding last period and translated into earnings per share (EPS) of Rs…

The State Bank of Pakistan (SBP) incessantly adopted contractionary monetary policy and kept the interest rate at 13.25 percent while on the other side the government had reduced profit rates on the National Savings Schemes. Experts viewed that the falling profit rates on deposits and high borrowing costs benefited the banks in term of high spread. Savings were the backbone of investment as higher savings lead to higher investment and higher growth in an economy provided that the other macroeconomic variables are conducive and a developed financial system exists in the economy. There is a need of falling of policy…

During the period nine months ended September 30, 2019 (9M’19), the financial experts of Habib Bank Limited (HBL) have recorded that the profit before tax (PBT) was at Rs 18.3 billion, 3 percent higher than for the corresponding period previous year. This is despite the significant impact of the falling Rupee and the equity market, which have together reduced pre-tax profit by Rs 7.4 billion. The experts in HBL also calculated in the report of the bank that the profit after tax (PAT) of Rs 8.8 billion for 9M’19 is, however, Rs 1.1 billion lower than previous year, because of…

Since inception, Askari Bank has been mainly engaged in the business of banking and concentrating on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and agricultural banking. It is expected that the Bank will continue to focus on building a low cost deposit base, investing in efficient risk weighted asset, optimally managing the loan book with prudent risk management given the risk of credit headwinds because of significant increase in interest rates. It is the priority of the management to invest in technology to build its digital capabilities to re-define…

Pakistan stocks finishes on flat note The stock market experienced subdued trading compared to the past sessions, with the benchmark index closing on a flat note on the last trading day of the week ending on December 6, 2019. Bullish activity was witnessed at the Pakistan Stock Exchange (PSX) in the pre-earnings season on the back of renewed foreign inflows, upbeat data of foreign exchange reserves and Moody’s positive reports. However, the upward momentum could not be sustained as selling pressure drove the index down. At close, the benchmark KSE 100-share Index recorded an increase of 91.15 points, or 0.22percent,…

*PM Imran launches ‘Digital Pakistan’ initiative International studies revealed that the digital world is increasingly penetrating the education and skills domain, with technology gradually being used to deliver education, knowledge and skills in new and innovative ways. This penetration is coupled with future changes to the mode and pattern of work, which are themselves affected by the current climate of economic uncertainty, as well as by political shifts. Furthermore, the use of these technologies has contributed to transforming learning and skills development into a lifelong process. Indeed, people now have to continue to develop and refresh their skills and knowledge…

Only 13pc of Indonesian family businesses survive until 3rd generation Family businesses account for almost all of businesses in Indonesia, employing millions of people and boosting the economy. However, their sustainability is a big problem as only 13 percent survive until the third generation, a consultancy firm says. Deloitte Indonesia executive director Budiyanto said on Wednesday that some of the problems that people encounter when inheriting companies involve establishing or continuing international-standard professional and transparent working environments when their parents are no longer in charge. “Generally speaking, only 30 percent of family businesses last until the second generation, 13 percent…

More green ship recycling under way Ships’ demolition activity has been on the rise over the last couple of weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas noted that “We have witnessed several more units entering the market fray this week and as we edge closer to the end of the year, it will be interesting to see how many more units will be sold for recycling before we arrive in the next decade. Whether Owners are just dipping their toes in the market to ascertain the value of their aging vessels remains to be seen. Frustratingly, for…

World oil prices decline Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage being done to global demand by the trade war between Washington and Beijing. Brent futures LCOc1 were down 44 cents, or 0.68%, at $63.95 per barrel by early Monday (Dec 9, 2019), after gaining about 3% last week on news that OPEC and its allies would deepen output cuts. West Texas Intermediate oil futures CLc1 were down 48 cents, or 0.81% to $58.72 a barrel, having risen about 7% last week…

The Entrepreneurial Mindset 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 and his…

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 Dec-18R Mar-19R Jun-19R Sep-19P A. Central Government Domestic Debt (a+b) 17,535.7 18,170.6 20,731.8 22,649.9 a. Long Term (i+ii+iii) 7,248.1 7,900.0 15,231.1 16,121.0 i. Permanent Debt (1+2+3) 4,376.5 4,797.4 12,080.0 12,834.1 1. Market Loans 2.8 2.8 2.8 2.8 Federal Government 2.7 2.7 2.7 2.7 3.00 % 1971 (Permanent) 2.7 2.7 2.7 2.7 Loans matured…

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 (Nov 29 2019) Currency Symbol Buying Selling Australian Dollar AUD 105 106.5 Bahrain Dinar BHD 405 407 Canadian Dollar CAD 116.5 118.5 China Yuan CNY 22 22.15 Danish Krone DKK 22.65 22.95 Euro EUR 170.75 172.75 Hong Kong Dollar HKD 19.75 20…

[divider style=”normal” top=”20″ bottom=”20″] Workers’ Remittances From GCC-Countries & Others In Pakistan (Provisional) (Million US $) Country July – October October 2019 September 2019 October 2018 Amount YoY growth (percent) FY20 FY19 FY18 FY20 FY19 Cash 2,000.80 1,747.95 2,060.28 7,478.90 7,617.89 6,521.81 -1.82 16.81 1 USA 322.38 281.91 325.19 1,234.07 1,187.95 880.8 3.88 34.87 2 U.K. 328.69 264.89 322.29 1,143.05 1,132.45 945.06 0.94 19.83 3 Saudi Arabia 468.18 420.88 494.53 1,737.60 1,757.71 1,689.23 -1.14 4.05 4 UAE 398.96 363.34 419.41 1,538.14 1,646.90 1,414.28 -6.6 16.45 Dubai 269.67 242.79 281.2 1,020.51 1,119.34 1,061.44 -8.83 5.46 Abu Dhabi 126.2 118.15…

According to the International statistics, the world economy is projected to increase at 3 percent in 2019— a significant drop from 2017-18 for emerging market and developing economies also advanced economies — before recovering to 3.4 percent in 2020. The global growth pattern reflects that gross domestic product (GDP) growth is predicted to moderate into 2020 and beyond for a group of systemic economies comprising US, Europe, China, and Japan — which together account for close to half of worldwide GDP. It is also revealed that the global economy is in a synchronized slowdown, with growth for 2019 downgraded again…

During the period ended September 30, 2019, Dubai Islamic Bank Pakistan Limited (DIBPL) recorded a notable 24 percent rise in profit after tax (PAT). Profit before taxation (PBT) was also registered at Rs. 3.99 billion, an impressive rise of 31 percent over the same period previous year. DIBPL is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB). The parent company DIB is a listed company in Dubai. The Bank has sustained its position as an innovative solution provider to all the financial needs of its customers, in accordance to Shariah. DIBPL was incorporated in Pakistan as an unlisted public…

Pakistan stocks hit nine-month high The benchmark KSE-100 index extended its rally from the previous day as bulls dominated trading on Friday, supporting the index cross the 39,000-point mark after nine months. The extensive buying seems to be the result of political clarity following the Supreme Court’s verdict in the army chief tenure extension case. On Thursday, the apex court gave the government six months to legislate and clearly specify the terms and conditions of service of the army chief, paving the way for General Qamar Javed Bajwa to stay on until a new law determined his terms of service.…

*PM’s initiatives for financial inclusion and shelter homes Prime Minister Imran Khan launched the Financial Inclusion Strategy initiative under his government’s flagship poverty alleviation programme Ehsaas with Queen Maxima of the Netherlands, UN Secretary-General’s Special Advocate for Inclusive Finance for Development, in attendance, who is visiting Pakistan chiefly to discuss the programme. We are pursuing strategies that will assist the poor section of society under many programmes, hence we launched Ehsaas, which has compassion as its core ingredient, said the premier at the inauguration ceremony. In his speech, he criticised a Global system in which rich nations were getting richer…

Jordan PM says 2020 budget to focus on growth to ease unemployment The Jordanian Prime Minister, Omar Al Razzaz, said the country’s draft 2020 budget, approved by Cabinet on Wednesday, aimed to spur stagnant economic growth and create jobs to ease high unemployment. Mr Al Razzaz told university students that maintaining Jordan’s economic and financial stability, rather than imposing new taxes encouraged by the International Monetary Fund, was the main driving force for the draft budget. Those taxes triggered protests in 2018 that were the biggest in years. “Our direction now is not to raise taxes but to attain economic…

WORLDWIDE SHIPPING INDUSTRY Baltic index gains on stronger vessel demand The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments. The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 14 points, or nearly 1percent, to 1,440 points, after registering its biggest one-day percentage gain in four-and-a-half months on Tuesday. The capesize index jumped 30 points, or 1 percent, to 2,983. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose…

WORLD COMMODITIES TRADING World oil prices tumble on fresh trade tensions, record us crude output Oil prices fell on Friday, with US crude dropping more than 4%, on fresh trade tensions and record high US crude production, but they still ended the month higher as OPEC watchers expect an extension next week to a pact to throttle oil output beyond March. Brent crude futures LCOc1 settled down $1.44 at $62.43 a barrel, and was down 1.5% on the week. Still, the contract posted its biggest monthly gain since April with a rise of about 6%. West Texas Intermediate (WTI) futures…

The entrepreneurial mindset Lawrence Edward Page is an American Computer Scientist and an internet entrepreneur who co-founded Google with Sergey Brin in 1998. Larry Page is the CEO of Google’s parent company Alphabet Inc. Born on March 26, 1973, in East Lansing, Michigan, his father was a Ph. D in Computer Science and a professor at Michigan State University and his mother an instructor in computer programming. A voracious reader in his youth, Page spent a lot of time poring over Science & Technology books and magazines. Page always liked to invent things and at the age of 12 knew…

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] Export Receipts By Commodities And Groups (Thousand US Dollar) Commodity Jun-19 Jul-19 Aug-19 Sep-19 (R) Oct-19 (P) A. Food Group 412,184 408,388 288,839 365,218 380,470 01 Rice 172,042 181,586 128,929 150,055 147,171 02 Fish & Fish Preparations 48,317 36,457 20,575 33,287 45,359 03 Fruits 26,540 48,301 31,375 26,300 29,420 04 Vegetables/Leguminous Vegetabl 24,829 23,630 13,197 16,089 19,006 05 Tobacco 779 3,592 693 2,688 3,586 06 Wheat…

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 ( Nov 21 2019) Currency Symbol Buying Selling Australian Dollar AUD 105 106.5 Bahrain Dinar BHD 406 408 Canadian Dollar CAD 116.5 118.5 China Yuan CNY 21.95 22.1 Danish Krone DKK 22.8 23.1 Euro EUR 171.5 173.5 Hong Kong Dollar HKD 19.75…

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-Sep FY20 (P) China 126.1 90.6 695.8 319.1 1,063.60 1,211.70 2003.9 462.2 103.1 UK 205.8 633 157 169.6 151.6 215.8 305 185 44.9 USA 227.7 227.1 212.1 223.9 13.2 44.6 160.9 88.1 22.5 Hong Kong 80.3 242.6 228.5 136.2 93.3 17.2 183.6 144.4 0.5 Switzerland 129.9 149 209.8 -6.5 58 101.8 79.4 21.2 5.2 U.A.E. 36.8 22.5 -47.1 213.6 109.7 120.5 -3.3 103.7 16.9 Italy 200.1 199.4 97.6 115.4 105.4 60.5 56.6 51.9 12.3 Netherlands 22.3 -118.7 5.5 -34.5 29.9 457.6 100.2 69…

The Government of Pakistan (GOP) continues to facilitate the IT industry by various sustainable development and accelerated digitization projects, research and innovation, software technology parks, subsidized bandwidth, global marketing, worldwide certifications, internships and trainings. Researchers believe that the telecom sector is complex, extensively regulated and rapidly evolving to keep up with the global markets and initiatives. According to the Pakistan Telecommunication Authority (PTA), the number of 3G and 4G users in Pakistan stood 73.26 million by end-October as against to 72.12 million by end-September 2019. Number of mobile phone users in Pakistan stood 162.98 million by end-October as against to…