ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Singapore economy to stay tepid in 2020; ‘significant uncertainties’ for trade-related sector: MAS Singapore’s economy is likely to continue facing headwinds into 2020, seeing lacklustre activity over the next 18 months, said the Monetary Authority of Singapore (MAS) on Wednesday (Oct 30). Growth will be uneven across industries, with “significant uncertainties” for the trade-related cluster, the central bank added in its twice-yearly macroeconomic review. Part of this stems from higher volatility in the electronics-related industries. Semiconductor producers, for example, have been seen to draw down inventories to meet new orders instead of stepping up…
Author: S. Kamal Hayder Kazmi
WORLDWIDE SHIPPING INDUSTRY Baltic index falls on softer capesize demand The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Thursday, weighed down by lower demand for capesize vessels. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 51 points, or 2.9percent, to 1,731. The capesize index was down by 100 points, or 3.2percent to 2,978 points, its lowest in a week. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell by $766 to $24,918. The panamax index dropped…
WORLD COMMODITIES TRADING World oil prices climb to 4pc Oil prices rose nearly 4% on Friday on signs of progress in US-China trade talks and stronger-than-expected economic data in both countries, including US employment and Chinese manufacturing activity numbers. Brent crude ended the session up $2.07, or 3.5%, at $61.69 a barrel, but notched a drop of about 0.4% for the week. West Texas Intermediate crude settled $2.02, or 3.7% higher at $56.20 a barrel, but fell about 0.8% in the week. US-China trade talks are progressing well and the United States aims to sign an initial deal this month,…
The Entrepreneurial Mindset Henry Ford was an industrialist in America who founded the Ford Motor Company. His company developed and manufactured affordable automobiles which revolutionized the transportation industry in America. He is credited for mass production of cheap products coupled with better pay for the workers. His commitment to lowering the cost systematically resulted in several business innovations that led to the growth of the Ford Motor Company in North America and major towns of the other continents. Henry Ford was born in 1863 in Michigan. His father came from County Cork while his mother was born in Michigan by…
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] Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Rs in Mn) Sector/Industry 2014-15 2015-16 2016-17F 2017-18R 2018-19P Commodity Producing Sectors(A+B) 4,400,070 4,528,602 4,682,467 4,890,868 4,946,314 A. Agricultural Sector ( 1 to 4 ) 2,202,043 2,205,433 2,253,565 2,342,373 2,362,209 1. Crops 868,494 822,689 832,744 871,516 832,919 2. Livestock 1,246,512 1,288,373 1,326,948 1,375,021 1,430,044 3. Forestry 40,761 46,592 45,505 46,679 49,699 4. Fishing 46,276 47,779…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates (Oct 25 2019) Currency Symbol Buying Selling Australian Dollar AUD 106 108 Bahrain Dinar BHD 400 402 Canadian Dollar CAD 118 120 China Yuan CNY 22 22.15 Danish Krone DKK 22.95 23.25 Euro EUR 172.5 175 Hong Kong Dollar HKD 19.8 20.05…
Pakistan – Core Set Of Inward Direct Investment Positions For End 2017 (Mn US $) Country Total Inward direct investment positions Inward equity positions (net) Debt Instruments Inward debt positions (net; liabilities minus assets ) Gross Debt positions Debt Liabilities Debt Assets United Kingdom 11,552.4 11,398.9 153.5 159.7 6.3 Switzerland 6,231.4 6,184.7 46.7 49.5 2.7 Netherlands 3,892.7 3,709.7 183.0 183.2 0.2 China 2,693.1 1,926.9 766.1 770.8 4.6 United Arab Emirates 2,212.7 1,412.9 799.8 809.4 9.6 Japan 2,052.5 1,980.5 72.0 73.3 1.3 United States 1,938.9 1,856.7 82.2 83.2 1.0 Cayman Islands 1,689.5 1,688.6 0.9 0.9 0.0 Hongkong 1,104.8 988.7 116.1 116.7…
Presently, the State Bank of Pakistan (SBP) reported that total foreign direct investment (FDI) in Pakistan jumped by 137 percent, or $512 million during the first quarter of FY2019-20. The total investment during the July-September 2019 period clocked in at $886 million as against to $374 million during the corresponding period in 2018. Studies revealed that for an investor, the expected relative risk/return ratio is the driving force of investment decisions. Therefore, they tend to invest in countries and projects where they expect the highest returns and the lowest risks relative to alternative investment opportunities. The government officials also recorded…
International experts revealed that an economy cannot thrive without a healthy private sector. When domestic businesses flourish, they create job opportunities and generate income that can be spent and invested domestically. They were also of the view that any rational government that cares about the economic well-being and advancement of its constituency pays special attention to laws and regulations affecting local SMEs. Effective business regulation affords micro and small companies the opportunity to raise, innovate and, when applicable, move from the informal to the formal sector of an economy. The present World Bank (WB) annual flagship report 2020 on Doing…
STOCK EXCHANGES AROUND THE WORLD Pakistan’s stocks index loses 105 points After posting gains for three consecutive sessions, the KSE-100 index lost ground on Friday and closed with a decline of 105 points in range bound trading. A host of corporate financial results were released during the day, which heavily influenced direction of the market. Trading kicked off on a positive note and the index managed to cross the 33,900-point mark multiple times in the first session before closing with a gain of nearly 130 points. At close, the benchmark KSE 100-share Index recorded a decrease of 105.02 points, or…
ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Afghanistan ranked 173 in world bank’s ‘doing business’ index The report states that based on the World Bank’s assessment, Afghanistan had no visible achievement in at least 7 indexes in the trade and business sectors. Afghanistan was ranked 173 in the World Bank’s “Doing Business Report for 2019: Training for Reform” and received a score of 44.1. Last year the score was 47.7, and Afghanistan ranked 167 in the index. According to the report, Afghanistan’s position has dropped by six points in this year’s index of doing business against last year. The report states…
*Imran Khan inaugurates 1,320 MW power plant in Pakistan Pakistan Prime Minister Imran Khan has inaugurated the 1,320 megawatt China Hub power plant, which is one of the primary projects of the China-Pakistan Economic Corridor (CPEC). Addressed a ceremony on the occasion on Monday, Khan said the joint projects under the CPEC were a positive sign, recommending that more coal would be brought from Thar to be utilised for this power plant. “There are 6,000 Pakistani workers associated with the project,” said the prime minister. He further said electricity is being produced from coal in Thar, adding that due to…
WORLDWIDE SHIPPING INDUSTRY Shippers looking to reduce the carbon footprint From higher-quality paint to state-of-the-art propellers: shipping companies are looking in every corner to reduce their carbon footprint as investor and activist pressure increases. The move comes as aviation and shipping firms face demands to slash emissions due to their reliance on oil. The two sectors are expected to account for 40 percent of global CO2 output by 2050 unless action is taken, the European Environment Agency says. International shipping accounts for 2.2 percent of global carbon dioxide emissions, according to the International Maritime Organization (IMO), more than aviation’s two…
WORLD COMMODITIES TRADING World oil prices post strongest weekly gain Oil prices rose on Friday, registering the strongest weekly gains in more than a month as support from optimism over a US-China trade deal, falling US crude stocks and possible action from OPEC to extend output cuts outweighed broader economic concerns. West Texas Intermediate (WTI) crude futures settled 43 cents, or 0.8%, higher at $56.66 a barrel, clocking a weekly rise of more than 5%, its strongest since June 21. Brent crude ended 35 cents, or 0.6%, higher at $62.02 a barrel, logging a weekly gain of more than 4%,…
THE ENTREPRENEURIAL MINDSET Andrew Carnegie, a Scottish-American industrialist and the greatest philanthropist in this speech, is known to be the most influential person whose greatest contribution in expanding the American steel industry in 19th century makes him immortal. He donated his most fortune to establishing schools, Libraries and universities across the United States and Europe. He was a self-made man for his economic, cultural as well as intellectual developments. He is often considered to be the second richest man in the history after John D. Rockefeller. From his young age he would love to listen about famous Scottish heroes such…
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] Month End Exchange Rates (Pak Rupees per Currency Unit) Country China Saudi Arabia UAE UK USA EMU IMF Currency Chinese Yuan Saudi Arabian Rial UAE Dirham UK Pound Sterling U.S. Dollar Euro SDR Jan 2017 15.2661 27.9406 28.5317 130.9631 104.7437 111.9795 142.4950 Feb 2017 15.2978 27.9416 28.5326 130.1453 104.7447 110.8253 141.9580 Mar 2017 15.2291 27.9404 28.5285 130.6472 104.7437 111.7469 142.2720 Apr 2017 15.2477 27.9264 28.5159 135.0723…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates (Oct 18 2019) Currency Symbol Buying Selling Australian Dollar AUD 105.5 107.5 Bahrain Dinar BHD 401.5 403.5 Canadian Dollar CAD 118.5 121 China Yuan CNY 21.95 22.1 Danish Krone DKK 22.95 23.25 Euro EUR 172 174 Hong Kong Dollar HKD 19.85 20.1…
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″] [ads1] [divider style=”normal” top=”20″ bottom=”20″] Sector Wise Net FDI In Pakistan ($ Million) Country 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Jul-AugFY20 (P) Oil & Gas 629.4 559.6 502…
The research studies revealed that over the last four decades worldwide economy has experienced various wide swings in energy prices. These swings have very grave repercussions for countries of Asia, in general, and South Asian regions, in particular the latter having tremendous economic potential. The experts identified that rapidly growing economies like India, China and Pakistan will face grave energy crisis if they do not plan well for future needs. Statistics showed that the energy crisis in Pakistan has also gravely aggravated affecting the economy and growth besides paralyzing the routine life. Consequently, the Government of Pakistan is in dire…
International experts recorded that world consumption of natural gas for industrial uses rises by an average of 1.7 percent/year, and natural gas consumption in the electric power sector rises by 2.2 percent/year, from 2012 to 2040. The industrial and electric power sectors together account for 73 percent of the total rise in world natural gas consumption, and they account for about 74 percent of total natural gas consumption through 2040. Consumption of natural gas rises in every IEO region, with demand in nations outside the Organization for Economic Cooperation and Development (non-OECD) increasing more than twice as fast as in…
STOCK EXCHANGES AROUND THE WORLD Pakistan stocks edge down 28 points over FATF decision As investors braced for the Financial Action Task Force (FATF) verdict on Friday, the benchmark KSE-100 Index inched down 28 points due to speculation over the outcome. The FATF decided to keep Pakistan on the grey list after Islamabad could not fully implement the 27-point action plan, providing the country another four months to complete the remaining actions. However, Pakistan staved off the threat of being placed on the FATF blacklist. At this point, investors began cherry-picking and the first session ended with a gain of…
ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Inflation outlook: research Inflation projections for developing Asia are revised up a notch from 2.5percent to 2.6percent in both 2019 and 2020, reflecting higher oil prices and several domestic factors. Price fluctuations for Brent crude oil continue amid various concerns affecting both supply and demand. After breaching $60/barrel in January, the price of crude rose to a 5-month high of $74/barrel in late April, after the US ended waivers to its embargo on Iranian exports. In May, oil prices seesawed on news of higher US crude inventory, heightened geopolitical tensions in the Middle East,…
*PM Inaugurates ‘Kamyab Jawan Programme and met Prince William and Kate Middleton Prime minister has launched the first phase of the “Kamyab Jawan Programme” for youth of Pakistan to support them through technical and financial assistance. The Government of Pakistan believes that youth employment and economic empowerment are essential components of a strong foundation in any society. The prime minister while addressing the inauguration ceremony in Islamabad announced that Rs 100 billion have been allocated for youth loans under the programme. He said that out of the total amount, Rs 25 billion have been earmarked for women. Prime Minister proclaimed…
WORLDWIDE SHIPPING INDUSTRY Baltic index hits one-week trough on sluggish demand The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point at 1,897, extending losses to a fourth session. The capesize index fell 10 points, or 0.3 percent, to 3,194. The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose $174 to $25,838. China’s top…
WORLD COMMODITIES TRADING Russia nears 100pc compliance with oil production target Russia’s oil production inched down to 11.23 million barrels per day (bpd) in the first half of October, official Russian data showed on Wednesday, yet Moscow is still several thousand barrels above its quota under the OPEC+ production cut deal. In the first two weeks of October, Russia’s production dropped by 19,700 bpd from September, to average 11.23 million bpd, which is still above Russia’s production ceiling of 11.191 million bpd in the OPEC+ deal. Moscow’s compliance rate with its share of the cuts is nearly 84 percent so…
The entrepreneurial mindset Matthew Boulton was a pioneer in manufacturing, he was far from wealthy; his father was a toy maker at the time of his birth. Matthew attended a local school and upon leaving; he joined his father’s business. At the age of 21yrs Matthew married Mary Robinson the daughter of a wealthy Mercer (Mercer; a silk, linen and fustian textile merchant). Eventually he took charge of his father’s business (1757) When his father died, he later gained interest in precious metals; leaving behind the toy trade altogether. With a new trade under his belt Matthew then travelled throughout…
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) Debt Instruments Jun-19 Jul-19 Aug-19 20,731.8 22,012.2 21,495.3 A. Central Government Domestic Debt (a+b) 15,231.1 15,232.4 15,762.3 a. Long Term (i+ii+iii) 12,080.0 12,038.5 12,567.5 i. Permanent Debt (1+2+3) 2.8 2.8 2.8 1. Market Loans 2.7 2.7 2.7 Federal Government 2.7 2.7 2.7 3.00 % 1971 (Permanent) 0.1 0.1 0.1 Loans matured but not encashed 11,183.3 11,256.2 11,811.5 2. Federal Government…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates (Oct 11 2019) Currency Symbol Buying Selling Australian Dollar AUD 105.35 107.35 Bahrain Dinar BHD 404.1 406.1 Canadian Dollar CAD 118.1 120.6 China Yuan CNY 21.85 22 Danish Krone DKK 22.75 23.05 Euro EUR 171.35 173.35 Hong Kong Dollar HKD 19.9 20.15…
Pakistan Trades (Million US $) Period Exports (BOP) Imports (BOP) Balance of Trade Value Cumulative Value Cumulative a b c d a-c b-d 1970-71 683 — 1,187 — -504 — 1971-72 625 — 954 — -329 — 1972-73 766 — 889 — -123 — 1973-74 1,020 — 1,493 — -473 — 1974-75 978 — 2,114 — -1,137 — 1975-76 1,162 — 2,139 — -977 — 1976-77 1,132 — 2,418 — -1,286 — 1977-78 1,497 — 3,174 — -1,677 — 1978-79 1,644 — 3,816 — -2,172 — 1979-80 2,341 — 4,857 — -2,516 — 1980-81 2,799 — 5,563 — -2,765 –…
Foreign trade is important to the Pakistan’s economy because country needs to import various products to complete the increasing demands resulting from its economic recovery and development. Pakistan is not a major trading player in the international trade. Pakistan’s imports have generally been greater than its exports. According to the Pakistan Bureau of Statistics (PBS), main commodities of imports during August, 2019 were Petroleum products (Rs. 76,215 million), Natural gas, liquified (Rs.46,779 million), Electrical machinery and apparatus (Rs. 38,133 million), Plastic materials (Rs. 25,347 million), Palm oil (Rs. 23,792 million), Iron and steel (Rs. 23,695 million), Petroleum crude (Rs.23,328 million),…
The World Trade Organization (WTO) revealed that the world trade will continue to face strong headwinds in the year 2019 and 2020 after growing more slowly than predicted during last year because of rising trade tensions and increased economic unrest. WTO experts estimate merchandise trade volume growth to decline to 2.6 percent in 2019 — down from 3.0 percent in 2018. Trade growth could then rebound to 3.0 percent in 2020; however, this is dependent on an easing of trade tensions. Statistics also identified that trade growth in 2020 is expected to out-pace GDP growth due to faster GDP growth in…
STOCK EXCHANGES AROUND THE WORLD Pakistan stocks keep rallying Pakistan stock market extended its rally and gained 448 points on Friday as investors expected a positive outcome from the Financial Action Task Force (FATF) meeting to be held next week. Moreover, many companies are expected to announce financial results in the forthcoming week, which further strengthened investor sentiment. A rise in global crude oil prices in the wake of attack on an Iranian oil tanker gave a boost to stocks of exploration and production companies and the entire sector posted handsome gains. Earlier, trading kicked off on a positive note…
Southeast Asia; a short review Data to the end of June 2019 show growth in Southeast Asia remaining robust, though slower than forecast. The subregion’s more open economies faced the combined impacts of the trade conflict and a trough in the electronics cycle, which were partly offset by strong domestic demand. Meanwhile, evidence of trade and production redirection is appearing, with some countries seeing increases in foreign direct investment and exports. Viet Nam, for example, expanded its exports by 6.7percent in the first 5 months of 2019, buoyed by a 28percent rise in exports to the US, and its already…
*Imran Khan- Man of the Year, departs from china after successful visit Prime Minister Imran Khan has been named Man of the Year by Jordan’s Royal Islamic Strategic Studies Center, has successfully completed his 2-day official visit to China. The Chinese armed forces presented a guard of honour to PM Imran Khan on his departure from Beijing. Earlier in the day, the PM had met Chinese President Xi Jinping in Beijing and discussed the entire spectrum of bilateral relations, regional situation, and matters of mutual interests. It is important to note here, Pakistan officials identified that the growth momentum of…
WORLDWIDE SHIPPING INDUSTRY Shipping confidence dips as trade wars intensify Confidence in the shipping industry fell in the past three months to its lowest level for two and half years, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO. Yet owners, charterers and managers were more confident than they were at the time of the previous survey in May 2019. The average confidence level recorded by the survey in the three months to end-August 2019 was 5.8 out of a possible maximum of 10.0. This compares to the figure of 6.1 recorded for the quarter…
WORLD COMMODITIES TRADING World oil prices up over 2pc Oil prices rose more than 2% on Friday after Iranian media said a state-owned oil tanker was attacked in the Red Sea near Saudi Arabia, while optimism surrounding the US-China trade war lifted sentiment. Brent crude futures LCOc1 gained $1.41, or 2.4%, to settle at $60.51 a barrel. West Texas Intermediate (WTI) crude CLc1 futures rose $1.15, or 2.2%, to settle at $54.70 a barrel. The gains were tempered by the International Energy Agency’s forecast for weakened demand in 2020. Still, Brent and WTI were headed for their first weekly increases…
Face Reality Exploit the new realities. Today’s new realities fit neither the assumption of the Left not those of the Right. They don’t mesh at all with “what everybody know.” They differ even more from what everybody, regardless of political persuasion, still believes reality to be. “What is” differs totally from what both the Right and the Left believe “ought to be.” The greatest and most dangerous turbulence today results from the collision between the delusions of the decision makers – whether in governments, in the top managements of businesses, or in union leadership – and the realities. But a…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Gross External Debt Position By Sector (Million US$) Gross External Debt Position 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 (R ) 30-Jun-19 (P ) General government 62,937 64,142 65,382 65,574 68,412 67,800 Short-term 1,711 1,617 1,321 1,037 1,111 1,264 Money market instruments 0 0 0 0 0 0 Loans 1,711 1,616 1,321 1,037 1,111 1,264 Trade credits 0 0 0 0 0 0 Other debt liabilities 0 0…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates (Oct 04 2019) Currency Symbol Buying Selling Australian Dollar AUD 104.5 106.5 Bahrain Dinar BHD 404 406 Canadian Dollar CAD 118 120.5 China Yuan CNY 21.85 22 Danish Krone DKK 22.8 23.1 Euro EUR 171 173.5 Hong Kong Dollar HKD 19.9 20.15…
Inflation By Consumer Income Groups (Base Year 2007-08=100) Combined Upto Rs.8000 Upto Rs. 8001-12000 Upto Rs. 12001-18000 Upto Rs. 18001-35000 Above Rs.35000 2008-09 17.0 18.0 17.8 18.1 17.6 16.8 2009-10 10.1 10.5 10.5 10.6 10.3 9.8 2010-11 13.7 14.5 14.3 13.0 14.7 13.3 2011-12 11.0 10.0 10.6 10.5 10.8 11.5 2012-13 7.4 7.9 8.6 8.4 6.8 6.4 2013-14 8.6 8.8 8.5 9.1 9.1 8.3 2014-15 4.5 3.7 3.8 4.3 4.4 4.8 2015-16 2.9 2.4 2.8 2.4 3.0 3.0 2016-17 4.2 3.8 3.9 3.9 4.1 4.3 2017-18 3.9 2.8 3.1 3.2 3.5 4.6 Jul-Apr 2017-18 3.8 2.7 3.0 3.1 3.3 4.4…
Internet technology has prompted significant changes in numerous aspects of society and human life also in shopping culture. An important phenomenon, surrounding the human life as a continuum, is shopping by the internet or through e-commerce. Experts believe that shopping through the internet has interconnections with many disciplines like; law, economics, psychology, and marketing. Many academicians, researching in various disciplines, studied this problem. However, shopping through the internet involves technological, social, economical, behavioral, and educational dimensions. They have also recorded that online shopping is becoming a suitable way to make all purchases, whether we are at home in office, or…
International researchers revealed that the consumer behavior starting from knowing about the product and ending in actual purchase; is determined through various factors. Many studies on factors affecting consumer purchase behavior of many products are obtainable. However, relatively less research has been attempted on consumer purchase behavior of foreign goods and still less research has been done in relation to Pakistani consumers. It is also identified that certain factors like reputation of country of origin, brand image and the relationship of the country with the foreign country from where products come are particularly important. It may seem tempting and more…
STOCK EXCHANGES AROUND THE WORLD Pakistan’s stocks index extends gains, up 281 points The benchmark KSE-100 index extended gains on Friday and crossed the 33,000-point mark due to robust investor sentiment following a meeting between Army Chief Qamar Javed Bajwa and prominent businessmen. The first session remained largely range bound due to a lack of positive triggers and the index ended the session with a gain of about 100 points. Bullish sentiment prevailed in the second session, which began with a buying spree that continued till the end, helping the index close with handsome gains. At close, the benchmark KSE…
PM to launch “Mera Bacha Alert” app . PM Khan visits quake-hit Mirpur. Mera Bacha Alert Prime Minister Imran Khan directed relevant authorities to introduce the mobile application called “Mera Bacha Alert” in 2-week to effectively tackle the cases of childrens’ abduction, sexual abuse, and murders. PM Imran discussed about the app, which — in case of registration of a missing child — would speedily make their details available to the provincial inspectors-general of police (IGPs) and other senior police officers. It is also said that the “Mera Bacha Alert” app would be connected with the Pakistan Citizen Portal app in…
Indonesia’s Jokowi promises to make new labour and investment rules Indonesian President Joko Widodo said he will introduce sweeping changes to labour rules by the end of the year and open up more sectors of the economy to foreign investment, delivering on some of the major reforms investors have been demanding. Mr Joko, more popularly known as Jokowi, said planned changes to the labour law will apply to new employees, proposals he will discuss with labour unions before taking them to parliament. By restricting the rules to new jobs only, Mr Joko can attract businesses wanting to set up shop…
WORLDWIDE SHIPPING INDUSTRY Baltic index down for 6th straight session on sliding Panamax rates The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, posted its sixth consecutive fall on Wednesday, hurt by declining demand for the panamax vessel segment. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell marginally by 6 points, or 0.33percent, to 1,803, its lowest since mid-August. The panamax index dropped for a twelfth straight session, down 20 points, or 1.15 percent, at 1,725. The index is at its lowest since July 8. Average daily earnings…
WORLD COMMODITIES TRADING Oil prices up, but crude ends week down 5pc Oil prices rose about 1% on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude fell more than 5% on the week, its second consecutive weekly decline. Brent crude LCOc1 futures gained 66 cents, or 1.14%, to settle at $58.37 a barrel. West Texas Intermediate (WTI) crude CLc1 futures rose 36 cents, or 0.7%, to settle at $52.81 a barrel. Brent futures fell 5.7% for the week, its biggest weekly drop since July. WTI…
A Social Ecologist For me the tension between the need for continuity and the need for innovation and change was central to society and civilization. I consider myself a “social ecologist,” concerned with man’s man-made environment the way the natural ecologist studies the biological environment. The term “social ecology” is my own coinage. But the discipline itself boasts and old and distinguished lineage. Its greatest document is Alexis de Tocqueville’s Democracy in America. But no one is as close to me in temperament, concepts, and approach as the mid-Victorian Englishman Walter Bagehot. Living (as I have) in an age of…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Summary Balance Of Payments As Per BPM6 (Million US$) Description Q1 Q2 Q3 Q4 FY19 FY19 FY19 FY19 FY19 Current account balance -3,764 -4,559 -2,017 -3,168 -13,508 Current account balance without off. transfers -4,007 -4,686 -2,128 -3,317 -14,138 Exports of goods FOB 5,885 5,965 6,181 6,193 24,224 Imports of goods FOB 13,857 13,986 11,985 12,560 52,388 Balance on trade in goods -7,972 -8,021 -5,804 -6,367 -28,164…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates ( Sep 27 2019) Currency Symbol Buying Selling Australian Dollar AUD 105.8 108.3 Bahrain Dinar BHD 402.6 104.6 Canadian Dollar CAD 118.55 121.05 China Yuan CNY 21.8 21.95 Danish Krone DKK 22.65 22.95 Euro EUR 171.1 173.5 Hong Kong Dollar HKD 19.8…
Motorway Network Sr. No. Motorway Length (Km) Status 1 Peshawar- Islamabad, M-1 156 Completed 2 Islamabad – Lahore, M-2 357 Completed 3 Havelian – Mansehra 39 Under construction 4 Hazara Motorway (E-35) 59 Under construction 5 Hakla-D.I Khan 285 Completion: Jun, 2020 6 Sialkot – Lahore 91 Completion; Dec, 2019 7 Lahore – Abdul Hakeem, M-3 230 Completion: Mar, 2019 8 Pindi Bhattian – Faisalabad, M-4 57 Completed 9 Faislabad – Gojra, M-4 58 Completed 10 Gojra- Shorkot, M-4 62 Completed 11 Shorkot – Khanewal, M-4 64 Completed 12 Khanewal – Multan, M-4 56 Completed 13 Sukkur – Multan (M-5)…
In public sector, Pakistan Railway is a single major mode of transport contributing to economic growth and offering national integration in the country. It comprises of total 470 locomotives (458 Diesel Engine and 12 Steam Engines) for 7,791 km length of route. No doubt, Pakistan Railways forms the life line of Pakistan through catering to its needs for large scale movement of freight and passenger traffic. It not only contributes to its economic growth but also promotes national integration. It endeavors to run the trains strictly in accordance to time table. It is said that the progressive freight train support…
At present the Pakistan International Airlines Corporation (PIAC) is passing through a dire financial state. However, the present government of Pakistan is very keen to make the corporation self-reliant. Attempts are underway to enhance the financial health of the corporation through reducing its losses through various means and modes. Stringent action is being taken against corruption and mismanagement by the Government of Pakistan. PIA Performance Indicators Units Year 2017 Year 2018 PIA Fleet No. of planes 36 32 Route Kms 360,937 332,303 Available Seat Million Kms 19,108 18,081 Passenger Load Factor in percent 73.20 77.3 Revenue Flown 000 Kms 75,207…
STOCK EXCHANGES AROUND THE WORLD US stocks down after talks of delisting Chinese companies U.S. stocks fell on Friday after news that the Trump administration was considering delisting Chinese companies from US stock exchanges and limit US investments into China. The tariff-sensitive Philadelphia semiconductor index extended its decline to 2.7%. The index was already under pressure from Micron Technology Inc’s tumble after it forecast a disappointing first-quarter profit. The S&P technology sector dropped 1.8%. U.S.-listed shares of Alibaba Group Holding Ltd, Baidu Inc and JD.com Inc were sharply lower High-level trade talks between Washington and Beijing are scheduled for next…
Pakistan inked MoU focusing on poverty alleviation with Bill Gates Foundation Prime Minister Khan has launched a comprehensive Poverty Alleviation Program “Ehsaas” on 27th March, 2019 with its 4 focus regions and 155 policy actions to decline inequality, invest in people and uplift lagging districts. It was estimated that under this program, the government of Pakistan would allocate an extra amount of Rs.80 billion in Pakistan’s social protection spending in the budget 2019-20 that would be raised to Rs.120 billion in 2021. Presently, the Bill & Melinda Gates Foundation (B&MGF) has inked a memorandum of understanding (MoU) with Pakistan for its…
South Asia remained fastest growing region globally South Asia remained the fastest growing region in the world last year. However, growth moderated from 7.2 percent in 2017 to 6.9 percent in 2018, along with the deceleration of growth in the rest of the world. Regional growth remained driven by domestic demand – and not exports – which resulted in another year of double-digit volume growth of imports. The value of imports was further pushed up by rising oil prices. The widening current account deficits became more difficult to finance after the Federal Reserve gradually tightened monetary policy. These tensions triggered capital…
WORLDWIDE SHIPPING INDUSTRY Baltic index hits one-month low The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday to its lowest in over a month on weaker demand across vessel categories. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 63 points, or 3percent, to 2,053 points, its lowest level since Aug. 15. The capesize index declined 153 points, or 3.8percent, to hit over a one-month low of 3,829 points. The average daily earnings for capesizes, which typically transports 170,000-180,000 tonne cargoes such as iron ore and…
WORLD COMMODITIES TRADING World oil prices post weekly loss Oil prices fell on Friday and posted a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic growth. During a volatile session, Brent crude LCOc1 futures fell 83 cents, or 1.3%, to settle at $61.91 a barrel, after dropping to a session low of $60.76 a barrel. US West Texas Intermediate (WTI) crude CLc1 futures fell 50 cents, or 0.9%, to settle at $55.91 a barrel. It hit a session low of $54.75 a barrel. Brent fell 3.7% for…
Feedback: Key to Continuous Learning To know one’s strengths, to know how to improve them, and to know what one cannot do – are the keys to continuous learning. Whenever a Jesuit priest or a Calvinist pastor does anything of significance (for instance, making a key decision), he is expected to write down what results he anticipates. Nine months later, he then feeds back from the actual results to these anticipations. This very soon shows him what he did well and what his strengths are. It also shows him what he has to learn and what habits he has to…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Repatriation of profit and dividend on foreign investment – ISIC-4 broad structure (Million US$) Sectors July-June FY19 Jul-19 Payments on Payments on FDI FPI Total FI FDI FPI Total FI A. Agriculture, forestry and fishing 2.4 – 2.4 – – – B. Mining and quarrying 214.1 44.7 258.8 29.8 0.0 29.8 C. Manufacturing 467.2 100.3 567.5 40.6 3.0 43.6 D. Electricity, gas, steam and air conditioning…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates (Sep 20 2019) Currency Symbol Buying Selling Australian Dollar AUD 105.5 108 Bahrain Dinar BHD 404.5 406.5 Canadian Dollar CAD 118.5 121 China Yuan CNY 22 22.15 Danish Krone DKK 22.95 23.25 Euro EUR 172 174.5 Hong Kong Dollar HKD 19.9 20.15…
Microfinance Industry Indicators Indicators Dec-17 Dec-18 YoY Growth Absolute change % Number of Branches 3,673 4,239 566 15.4 Total No. of Borrowers 5,800,457 6,936,554 1,136,097 19.6 Gross Loan Portfolio (Rs billion) 202.70 274.70 72 35.5 Average Loan Balance 48,695 55,173 6,478 13.3 Source: State Bank of Pakistan [divider style=”normal” top=”20″ bottom=”20″] PPAF Disbursement By Operating Units/Special Initiatives Rs Million S. No. Program Components Financial Progress 1. Institutional Development and Social Mobilization (ID/SM) 245 2. Livelihood Enhancement and Protection (LEP) 153 3. Water and Infrastructure (W&I) 186 4. Education, Health and Nutrition (EHN) 123 5. Interest Free Loan (IFL) 49 Total…
The microcredit schemes’ main objectives which identified by the experts are to halt exploitation of the poor caused through costly informal credit, to offer small loans to poor people at comparatively lower cost as against to available informal loans, to finance economically and socially workable programs/schemes those cannot be sponsored otherwise, to empower women within houses as decision makers and in Pakistan by active economic participation, to create maximum careers/employment openings, to create self-reliant and self-employed people and to decline poverty, accelerate growth and enhance the living standards on sustainable basis. They have also recorded that the microfinance is perceived…
The Ministry of Finance, Government of Pakistan identified that the government scrutinizes pro-poor expenditure in dissimilar sectors by the Medium Term Expenditure Framework (MTEF) under PRSP-II program. Expenditure on these pro-poor sectors is explaining growing trend in absolute terms also percent of GDP. The officials also identified in their statistics that during 2013-14 there was 7.7 percent of GDP, 8.3 percent of GDP during 2014-15, 9.3 percent in 2015-16, 9.5 percent in 2016-17, while slightly dropped to 9.2 percent of GDP in 2017-18 but in absolute terms increased to Rs 3,167.92 billion. The Asian Development Bank (ADB) released 50th edition…
STOCK EXCHANGES AROUND THE WORLD Pakistan stocks index loses 73 points Bearish momentum once again prevailed at the Pakistan Stock Exchange on Friday as the KSE-100 index slipped 73 points in a highly volatile session. Range bound trading was witnessed throughout the day. The index spiked as soon as trading began but volatility emerged immediately as the index oscillated between red and green zones. Nevertheless, the first session ended with a gain of 62 points. At close, the benchmark KSE 100-share Index recorded a decrease of 72.93 points, or 0.23percent, to settle at 32,111.1 points. Overall, trading volumes increased to…
WORLDWIDE SHIPPING INDUSTRY Baltic index falls for tenth straight session The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped for the tenth successive time on Wednesday as rates across the capesize and panamax categories declined. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 17 points, or 0.7 percent, to 2,266 points. The capesize index was down 62 points, or 1.4 percent, to 4,394 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, declined $242 to $33,141. The panamax…
WORLD COMMODITIES TRADING World oil prices slip after 20pc jump World oil prices eased on Friday on renewed concern over the US-China trade war, but futures still posted weekly gains, with Brent marking its biggest weekly increase since January, after an attack on Saudi Arabia’s energy industry last weekend. Brent crude LCOc1 futures fell 12 cents to settle at $64.28 a barrel, while US West Texas Intermediate (WTI) crude CLc1 futures ended 4 cents lower at $58.09 a barrel. For the week, however, Brent rose 6.7%, its biggest gain since January, while WTI gained 5.9%, the most since June. The…
Managing Oneself: Revolution in Society Managing oneself is based on these realities: Workers are likely to outlive organizations, and the knowledge worker has mobility. Managing oneself is a REVOLUTION in human affairs. It requires new and unprecedented things from the individual, and especially from the knowledge worker. For, in effect, it demands that each knowledge worker think and behave as a chief executive officer. It also requires an almost 180-degree change in the knowledge workers’ thoughts and actions from what most of us still take for granted as the way to think and the way to act. The shift from…
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] SPI Inflation (2007-08 = 100) Weeks YoY % change over previous week % change over end June % change 52-week moving average FY18 FY19 FY18 FY19 FY18 FY19 FY18 FY19 I-Jan 3-Jan-19 3.47 5.53 -0.31 -0.31 1.82 3.30 2.08 2.91 II-Jan 10-Jan-19 3.06 6.19 -0.23 0.40 1.59 3.72 2.14 2.97 III-Jan 17-Jan-19 2.27 6.65 -0.64 -0.21 0.94 3.50 2.17 3.06 IV-Jan 24-Jan-19 1.81 6.92 -0.29 -0.04…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates (Sep 13 2019) Currency Symbol Buying Selling Australian Dollar AUD 106.5 108.5 Bahrain Dinar BHD 403.5 405.5 Canadian Dollar CAD 118 120.5 China Yuan CNY 22 22.15 Danish Krone DKK 23 23.3 Euro EUR 172 174.5 Hong Kong Dollar HKD 19.9 20.15…
Eastern Alignment Projects Sr. No. Project Name Length (Km) Status Implementation Period 1 Khunjrab – Raikot including AttaAbad Lake 335 Completed – 2 Raikot – Thakot (N-35) 270 Planning Stage 2018-23 3 Thakot – Havelian (E-35) 118 Under Construction 2016-20 4 Havelian – Burhan (E-35 59 Completed 2013- 19 5 Ml – Gojra (M-1, M-2, M4) 402 Completed – 6 Gojra – Khanewal (M-4} 127 Under Construction 2013-20 7 Khanewal-Multan (M-4 Ext) 57 Completed – 8 Multan – Sukkur (M-5) 392 Under Construction 2013-20 9 Sukkur – Hyderabad (M-6) 296 Under Procurement 2018-23 10 Hyderabad – Karachi (M-9) 136 Substantially…
Presently researchers identified that ports have become even more important than they were formerly as they play a role of utmost importance to an economy in transition. Ports are one of the main components of the general transportation sector and are connected to the expanding world economy. One might say that ports are a means of integration into the global economic system. Experts mentioned various characteristics of ports that make them significant. First of all they perform roles as important links of hinterlands to points overseas. In fact, it is usually agreed that countries without ports are lacking a vital…
Undertaking an analysis of facts and figures available in Economic Survey of Pakistan FY2018-19, Pakistan National Shipping Corporation (PNSC) has planned Fleet Development Program (FDP) into short, medium & long term. PNSC has presently acquired two (02) LR-1 product tankers, which will increase PNSC’s cargo carrying capacity and would further contribute to rise in revenue generation of the Corporation. While, in medium term PNSC intends to enlarge its dry bulk and liquid fleet and also intended to get into transportation of LNG and LPG business. However, in long term the ultimate objective of corporation is to improve and sustain deadweight…
According to the Ministry of Finance Government of Pakistan, during July-March FY 2017, total length of roads in Pakistan including GB and AJK is 264.401 thousand kms as against to 263.356 thousand kms over the same period of last year. Economists identified that road and infrastructure plays a critical role in fulfilling the strategic needs of a country and the development of any economy. Total road network includes motorways, highways, and main or national roads, secondary or regional roads, and all other roads in a country. Studies also identified that in first 30 years of Pakistan (1947-77), the overall growth…
STOCK EXCHANGES AROUND THE WORLD US stocks rise on trade, ECB stimulus hopes Wall Street advanced on Thursday (September 12, 2019), and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the US-China trade front and a promise of continued stimulus from the European Central Bank. Technology gains led the S&P 500 and the Nasdaq higher, while financials gave the biggest boost to the blue-chip Dow, which closed up for the seventh consecutive session, its longest winning streak since May. The Dow Jones Industrial Average rose 45.41 points, or 0.17%,…
WORLDWIDE SHIPPING INDUSTRY First LNG cargo leaves $15 bn site as US exports grow The first cargo of liquefied natural gas has set sail from a $15 billion Texas export terminal, amplifying America’s growing influence on the global market for the fuel. LNG Jurojin departed Freeport LNG Development LP’s facility on Tuesday, according to a statement from the company, making the terminal the fifth to ship super-chilled gas from US shale fields. Royal Dutch Shell Plc will take the first two deliveries from Freeport, according to a person familiar with the matter. The cargo is headed for the Jebel Ali…
WORLD COMMODITIES TRADING World oil slips toward $60 on demand worries Oil slipped to around $60 a barrel on Friday as concern about a slowdown in the global economy and oil demand outweighed hints of progress in the US-China trade dispute. OPEC and the International Energy Agency (IEA) both issued reports this week pointing to an oil surplus next year, despite a pact by OPEC and its allies, a producer alliance known as OPEC+, to limit supplies. The deal runs until March. Benchmark Brent crude LCOc1 was down 20 cents at $60.18 a barrel in early trade on Friday, while…
Society of Performing Organization “By their fruits ye shall know them.” Society in all developed countries has become a society of organizations in which most, if not all, social tasks are being done in and by an organization. Organizations do not exist for their own sake. They are means: each society’s organ for the discharge of one social task. The organization’s goal is a specific contribution to individual and society. The test of its performance, unlike that of a biological organism, therefore, always lies outside itself. This means that we must know what “performance” means for this or that institution.…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Exports And Imports Of Goods & Services (Million US$) Description FebRFY19 MarRFY19 AprFY19 MayFY19 JunRFY19 FY19 JulPFY20 Goods and Services Balance (A-B) -1,829 -2,368 -2,571 -2,779 -2,475 -14,376 -2,320 1. Goods – Export (FOB) 1,871 2,037 2,075 2,318 1,800 12,374 2,233 2. Exports of Services 433 505 451 431 394 2,719 426 1. Manufacturing Services on Physical inputs owned by Others 0 0 0 0 0…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates ( Aug 30 2019) Currency Symbol Buying Selling Australian Dollar AUD 105.5 108.5 Bahrain Dinar BHD 404 406 Canadian Dollar CAD 117.5 120 China Yuan CNY 21.8 21.95 Danish Krone DKK 23.1 23.4 Euro EUR 173 176 Hong Kong Dollar HKD 19.9…
Pakistan Exports Sports Goods & Other Commodities (Thousand US Dollar) Commodity Jul-Jun Jul FY17 FY18 FY19 FY19 FY20 P A. Food Group 3,617,648 4,817,709 4,638,597 366,427 408,404 B. Textile Group 12,456,891 13,376,780 13,564,829 1,189,436 1,226,656 C. Petroleum Group 410,718 574,511 675,757 37,796 52,860 D. Other Manufacture 3,658,641 4,133,719 3,811,437 314,266 342,512 28 Carpets, Rugs & Mats 93,646 84,262 77,887 6,383 6,980 29.Sports Goods 551,475 551,442 518,410 42,015 46,701 30 Leather Tanned 378,837 354,563 263,613 25,990 20,475 31.Leather Manufactures 486,749 614,917 503,464 51,087 39,581 32.Footwear 89,779 102,704 128,844 10,236 12,877 33 Surgical Goods & Medical Instruments 396,258 441,702 437,804 35,505 38,415…
Researchers recorded that Pakistan is exporting a large portion of its sports goods from Sialkot to international famous brands like Adidas, Nike, Puma, Lotto, Umbro, Mitre, Micassa, Diadora, Wilson and Decathlon. They also recorded that in the country no doubt sports goods industry plays a vital role in foreign trade of sports goods. Now, this industry is exporting its products to dissimilar estates globally. These products are manufactured to export according to requirements of foreign targeted markets. Due to better quality of sports goods Pakistan’s sports items gain foreign fame. Because of its well production process starts from adaptation of…
Studies revealed that Pakistan’s television has grown tremendously as compared to the previous years. The proliferation of satellite channels and cable TV networks has made it possible for a large number of Pakistanis to have access to information in the entire world which had hitherto remained inaccessible. It is also predicted that the number of TV channels is estimated to increase more in the upcoming eras as various channels are waiting in the wings to enter this thriving field. In Pakistan, economic survey of Pakistan (FY2018-19) mentioned that Pakistan Electronic Media Regulatory Authority (PEMRA) is now in its 17th years…
STOCK EXCHANGES AROUND THE WORLD Pakistan index sheds 487 points due to panic selling The benchmark KSE-100 index extended losses at the stock market on Friday as investors resorted to panic selling in the face of continued tensions between Pakistan and India over Kashmir. Standard and Poor’s affirmation on Pakistan’s economy a day earlier provided mid-session support. The ratings agency kept its outlook on Pakistan stable with a ‘B-‘ sovereign rating for the long term and ‘B’ rating for the short term. The first trading session began on a positive note but weak investor sentiment resulted in range bound trading…
Stocks came tumbling over selling pressure; inflation news may hit sentiment Pakistan Stock Exchange (PSX) lost 62% of the gains made a week ago, tumbling down by 5.35% or 1,678 points to close at 29,672 during the week ended 30th August 2018. The placement of Pakistan on ‘enhanced expedited follow up list’ by Asia Pacific Group (APG) on 23rd August 2019 dampened investors’ sentiment. In addition to that, the reported potential divestment of PPL (10% of shares) and OGDC (7% of shares), index heavy weights witnessed further selling pressure. The Government of Pakistan (GoP) also introduced presidential ordinance to waive…
WORLDWIDE SHIPPING INDUSTRY Baltic index at 5-1/2 years high The Baltic Exchange’s main sea freight index rose to its highest since December 2013 on Wednesday, pushed by strong demand across all vessel categories, with the panamax index hitting an eight-year high. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 54 points, or 2.4 percent, to 2,267, a peak since December 2013. The capesize index jumped 131 points, or 3.2 percent, to 4,213, its highest in more than a month. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and…
WORLD COMMODITIES TRADING World oil futures fall Oil futures fell on Friday, with US crude down nearly 3% ahead of a hurricane near the Florida coast that could dampen demand, but prices were still headed for the biggest weekly increase since early July, boosted by an easing of US-China trade rhetoric. Brent crude LCOc1 futures fell 65 cents, or 1.1%, to settle at $60.43 a barrel. US West Texas Intermediate (WTI) crude CLc1 futures settled down $1.61, or 2.8%, at $55.10 a barrel. Hurricane Dorian gained strength as it crept closer to Florida’s coast on Friday, raising the risk that…
The Function of Management Is to Produce Results Above all management is responsible for producing results. Management has to give direction to the institution it manages. It has to think through the institution’s mission, has to set its objectives, and has to organize resources for the results the institution has to contribute. Management is, indeed, J.B. Say’s “entrepreneur” and responsible for directing vision and resources toward greatest results and contributions. In performing these essential functions, management everywhere faces the same problems. It has to organize work for productivity; it has to lead the worker toward productivity and achievement. It is…
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: Exports Receipts & Imports Payments and Balance of Trade (Million US $) Period Exports (BOP) Value Growth Rate Monthly Imports (BOP) Value Growth Rate Monthly Balance of Trade 1970-71 683 — 1,187 — -504 1979-80 2,341 42.4 4,857 27.3 -2,516 1989-90 4,924 6.4 7,414 3.0 -2,490 1990-91 5,894 19.7 8,387 13.1 -2,493 1991-92 6,761 14.7 9,000 7.3 -2,238 1992-93 6,782 0.3 10,049 11.7 -3,267 1993-94…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan Open Market Forex Rates (Aug 23 2019) Currency Symbol Buying Selling Australian Dollar AUD 105.5 108 Bahrain Dinar BHD 412 414 Canadian Dollar CAD 117.5 120 China Yuan CNY 22.4 22.55 Danish Krone DKK 23.45 23.75 Euro EUR 173 175.5 Hong Kong Dollar HKD 20.25 20.5…