Author: S. Kamal Hayder Kazmi

Annual Financial Needs For Safely Managed Wash Services –PKR in Million S.No Description Urban Rural Total Water Sanitation Water Sanitation 1 New Services: Basic Access 13,968 12,797 8,595 28,543 63,883 2 New Services: Safely Managed 62,630 48,904 113,736 123,099 348,369 3 Sustaining existing services: Basic Access 16,635 11,100 11,110 20,735 59,580 4 Sustaining existing services: Safely Managed 36,229 11,100 33,461 20,735 101,525 6 Overall Financing Needs 98,849 60,004 147,197 143,834 449,894 [divider style=”normal” top=”20″ bottom=”20″] Agriculture Growth Percentages (Base=2005-06) Sector 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 (P) Agriculture 2.68 2.50 2.13 0.15 2.18 3.94 0.85 Crops 1.53 2.64 0.16…

During July 2019 some international economists quoted as saying that more than 90 states in the world have banned the use of plastic bags and another 36 regulate them with levies and fees. At least 25 countries with bans counting Panama — have exemptions for perishable foods or medicines. Bans are mainly widespread in Africa. They have also stated that this is partly because relatively low-waste collection and recycling rates make the problem of waste plastic more visible, partly because Africa exports very little plastic and lacks a strong industry lobby. The United Nations Environment Program (UNEP) revealed that up…

Researchers revealed that Pakistani fish exporters are getting relatively lower prices of their seafood exported because they exported 90 percent un-processed and frozen fish. Therefore, urgent attempts are required for operationalizing the fish processing plants in the country. Present statistics also showed that the country’s seafood export declined to $438.021 million during FY2018-19 because of hasty enforcement of the federal government’s deep sea policy that kept fishing suspended for about 3-month period. According to the Pakistan Bureau of Statistics, Pakistan declined short by $12.286 million or 3 percent to keep up with the seafood export of $451.021 million FY2017-18. According…

STOCK EXCHANGES AROUND THE WORLD Bears return into Pakistan market Investor sentiment on Friday took a hit at the bourse following four days of bullish momentum as the benchmark KSE-100 index dived 534 points in the wake of placing of Pakistan on the Asia-Pacific Group’s (APG) enhanced monitoring list. The action was taken after the APG found Islamabad’s performance unsatisfactory on three-fourths of the Financial Action Task Force’s (FATF) recommendations, which sparked panic selling at the Pakistan Stock Exchange. The first session began on a positive note as the KSE-100 index made handsome gains and crossed the 32,000-point mark for…

WORLDWIDE SHIPPING INDUSTRY US seaports record surging volumes on back of robust economy Many US sea ports achieved record or near-record cargo volumes in the first half of this year, building on the high benchmark set in 2018 for import and export volumes, thanks to an expanding and resilient US economy. Port Authority of New York & New Jersey deputy director Beth Rooney was quoted as saying in a report by Washington’s DC Velocity: “Year-to-date container volume is up seven percent over 2018, and that was a record year as well.” The port is continuing to roll out expansion projects.…

WORLD COMMODITIES TRADING Oil prices fall as Us-China trade war escalates Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of US goods including crude oil, another escalation of a protracted trade dispute between the world’s two largest economies. Brent crude futures fell 58 cents, or 1%, to settle at $59.34 a barrel. US West Texas Intermediate (WTI) crude futures fell $1.18, or 2.1%, to settle at $54.17 a barrel. WTI lost 1.3% for the week, while Brent rose 1.2% during the week. China’s commerce ministry said it would impose additional tariffs of 5%…

Organizational Inertia All organizations need a discipline that makes them face up to reality. All organizations need to know that virtually no program or activity will perform effectively for a long time without modification and redesign. Eventually every activity becomes obsolete. Among organizations that ignore this fact, the worst offender if government. Indeed, the inability to stop doing anything is the central disease of government and a major reason why government today is sick. Hospitals and universities are only a little better than government in getting rid of yesterday. Businessmen are just as sentimental about yesterday as bureaucrats. They are…

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. Statistics Of The Banking System (Rs Billion) CY13 Dec-14 Dec-15 Dec-16 Dec-17 Jun-18 Dec-18 Mar-19 Jun-19 Total Assets 10,487 12,106 14,143 15,831 18,342 19,197 19,682 18,585 20,718 Investments (net) 4,313 5,310 6,881 7,509 8,729 8,418 7,914 6,082 7,968 Advances (net) 4,110 4,447 4,816 5,499 6,512 7,310 7,955 7,821 8,104 Borrowings 723 1,001 1,766 1,942 3,125 3,162 3,001 1,848 2,620 Deposits 8,311 9,230 10,389 11,798 13,012 13,756 14,254 14,062…

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 09 2019) Currency Symbol Buying Selling Australian Dollar AUD 106 108 Bahrain Dinar BHD 413.5 415.5 Canadian Dollar CAD 117 120 China Yuan CNY 22.6 22.75 Danish Krone DKK 23.75 24.05 Euro EUR 175 177.25 Hong Kong Dollar HKD 20.3 20.55…

Structure Of Interest Rates In Pakistan w.e.f. SBP Reverse Repo Rate SBP Repo Rate SBP Policy (Target) Rate 24-Mar-15 8.00 5.50 – 25-May-15 7.00 5.00 6.50 14-Sep-15 6.50 4.50 6.00 23-May-16 6.25 4.25 5.75 29-Jan-18 6.50 4.50 6.00 28-May-18 7.00 5.00 6.50 16-Jul-18 8.00 6.00 7.50 1-Oct-18 9.00 7.00 8.50 3-Dec-18 10.50 8.50 10.00 1-Feb-19 10.75 8.75 10.25 1-Apr-19 11.25 9.25 10.75 21-May-19 12.75 10.75 12.25 17-Jul-19 13.75 11.75 13.25 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] Agriculture Growth Percentages In Pakistan (Base=2005-06) Sector 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 (P) Agriculture 2.68 2.50 2.13 0.15…

According to the State Bank of Pakistan (SBP), Pakistan’s remittances from overseas workers were increased 24 percent to $2.039 billion in the first month of FY2019-2020 from $1.645 billion in the last month. However, statistics also showed that July remittances were recorded slightly higher than the corresponding period previous year, when Pakistani expatriates sent home $1.981 billion. A monthly rise in remittance flows reflects economic recovery in source markets and the government’s attempts to encourage overseas Pakistanis to remit through legal means. Moreover, it is said that overseas Pakistanis sent home more remittances to their families to buy sacrificial animals…

The economy of Pakistan is struggling with growth. Various economists accept that economy is going through its most critical phase. The government official identified that the economic reform agenda is bringing stability to the Pakistan’s economy; some stability has already been recorded and based on these reforms Pakistan would attain long-term economic growth and prosperity which will benefit the low income as well as middle class. Present statistics identified that the current account deficit has dropped below $14 billion. Previous year it was recorded at $20 billion. The present Government of Pakistan has implemented measures to make imports more expensive,…

International economists conclude that for all countries trade is beneficial and for this reason; no country finds it feasible to be closed economy anymore. However, the mutual hostility between Pakistan and India has resulted in negligible trade. But unluckily, relations between Pakistan and India currently worsened when the Government of Pakistan planned to downgrade diplomatic ties with India, recalls its high commissioner from New Delhi, expel the Indian envoy to Islamabad and suspend bilateral trade. These decisions were taken at a high-level meeting chaired through the present Prime Minister of Pakistan in response to the Indian government’s move to scrap…

The Government of Pakistan officials mentioned in a statement that although domestically the government was following stabilization process, however globally, growing rising trade tensions posing a risk to the worldwide growth outlook in FY2019. After a strong growth during 2017 and early 2018, worldwide economic activity slowed noticeably in the second half of last year, reflecting a confluence of factors affecting major economies. This is the reason International Monetary Fund (IMF) has revised downward real Gross Domestic Products growth for almost all countries in World Economic Outlook, April 2019 for FY2019. Officials also mentioned in the Pakistan’s survey that the…

STOCK EXCHANGES AROUND THE WORLD US indexes boosted by stimulus hopes Wall Street’s three main indexes rose more than 1% on Friday, clawing back some losses from a brutal selloff this week on hopes of more stimulus from central banks to perk up slowing growth. Stocks got a boost after a report that Germany’s government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession. Earlier, China’s state planner said it would roll out a plan to boost disposable income this year and in 2020 to spur consumption as the economy…

WORLDWIDE SHIPPING INDUSTRY Baltic index slides for twelfth session on sluggish demand The Baltic Exchange’s main sea freight index extended its decline for a twelfth session in a row on Wednesday, reaching its weakest level in more than a month, hurt by a softer demand for the capesize segment. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 22 points, or 1.3 percent, to 1,712 points, its lowest since July 4. The capesize index slipped 131 points, or 4 percent, to 3,171 points, its weakest in more than a month. The index is down for the…

WORLD COMMODITIES TRADING OPEC sees bearish oil outlook for rest of 2019 OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. In a monthly report, the Organization of the Petroleum Exporting Countries cut its forecast for global oil demand growth in 2019 by 40,000 barrels per day (bpd) to 1.10 million bpd and indicated the market will be in slight surplus in 2020. The bearish outlook due to slowing economies…

Limits of Social Responsibility “It is not enough for business to do well; it must also do good.” But in order to “do good,” a business must first “do well.” Whenever a business has disregarded the limitation of economic performance and has assumed social responsibilities that it could not support economically, it has soon gotten into trouble. Union carbide was not socially responsible when it put its into Vienna, West Virginia, to alleviate unemployment there. It was, in fact, irresponsible. The plant was marginal to begin with. The process was obsolescent. At best the plant could barely keep its head…

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) (Rs. Million) (P) Details Export financing Import financing Government self employment schemes Working capital/short term Export finance schemes Others Small loans Others Loans to Private Sector Business 387,869 105,117 312,314 14,795 166,973 2,260,584 Agriculture, hunting and forestry 91 460 1,991 45 14,641 211,458 Fishing, fish farming 453 – – – 27 441 Mining and Quarrying 1,236 3,680 560…

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 02 2019) Currency Symbol Buying Selling Australian Dollar AUD 108.5 110.5 Bahrain Dinar BHD 413.5 415.5 Canadian Dollar CAD 120 122.5 China Yuan CNY 23.1 23.25 Danish Krone DKK 23.6 23.9 Euro EUR 176 178 Hong Kong Dollar HKD 20.4…

Production of selected Large-Scale Manufacturing (during Jul – May) Items Weights Adjusted Weights Percentage Change Items Weights Adjusted Weights Percentage Change FY19 FY18 FY19 FY18 Textile 20.91 29.74 -0.32 0.51 Iron & Steel Products 5.39 7.67 -10.78 22.02 Cotton Yarn 12.96 18.43 0.02 0.06 Pig iron 1.58 2.25 0.00 0.00 Cotton Cloth 7.19 10.22 0.12 0.04 Billets/Ingots 1.52 2.17 -24.66 25.37 Jute Goods (Total) 0.33 0.47 -15.73 26.19 H/C.R.Sheets/ Strips/Coils/plates etc 2.28 3.25 3.20 18.83 Woollen & carpet yarn 0.33 0.47 -3.94 22.78 Fertilizers 4.44 6.31 6.97 -9.95 Woolen & worsted cloth 0.09 0.12 -56.44 14.05 Phos. fertilizers 0.40 0.57…

According to the Ministry of Finance published report, in Pakistan the electronics registered a growth of 23.7 percent during FY2018-19, mainly derived from phenomenal growth of electrics motor which recorded a growth of 37.4 percent because of its wide usage in washing machines, refrigerator, air conditioners etc. it is also recorded that the demand for these goods increases in summer and manufacturers build up the inventories. Improvement of electricity supplies also contributed to the performance of this subsector. The fiscal year 2019 started with 7.4 percent growth mainly contributed by electronics 95.6 percent. However, the report also revealed that the…

To reap the advantages of technology, most of the banking organizations currently are trying to become automated. Thus eBanking simply refers to offer electronic modes of communications, chiefly the internet. The eBanking concept primarily deals with both telephone as well as computer-based banking. While e-Banking, internet banking, online banking or PC banking terms may be seen or used interchangeable. Electronic banking typically comprises of wire transfer, ATM, phone banking, EFT and credit cards. Because the provision of online financial services is secure, easy to use, cost saving and 24 hrs available to customers. In Pakistan, e-commerce task force has been…

STOCK EXCHANGES AROUND THE WORLD Pakistan stocks stay into the red zone In line with its usual performance, the stock market once again slipped into the red zone on Friday following close of the rollover week. The benchmark KSE-100 index opened downwards and despite brief spikes it maintained its march towards south. Persistent selling pressure pushed the index to an intra-day low of 31,434.14 points. Dismal inflation data weighed on investor sentiment as market players opted to stay on the sidelines. At the end of trading, the benchmark KSE 100-share Index recorded a decrease of 172.70 points, or 0.54 percent,…

WORLDWIDE SHIPPING INDUSTRY Weak iron-ore shipping demand drags down Baltic index The Baltic Exchange’s main sea freight index fell for a seventh straight session, as demand for shipping iron-ore fell in the Atlantic. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 1.6 percent, or 31 points, to 1,868 points last Wednesday. The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China. The capesize index fell 7 points, or 0.2 percent, to 3,657 points. Average daily earnings for capesizes, which typically transport…

WORLD COMMODITIES TRADING World oil prices spring back after heavy slump Oil prices gained about 3% on Friday a day after recording their biggest daily drop in several years on US President Donald Trump’s vow to impose more tariffs on Chinese imports. For the week, crude oil benchmarks recorded a loss. Washington’s new tariffs on China, due to take effect on Sept. 1, intensify the trade war between the world’s top two economies. Any resulting economic slowdown could hurt crude demand. Brent crude LCOc1 futures for October delivery settled at $61.89 a barrel, up $1.39, or 2.30%. The global benchmark…

Common Core of Unity There has to be a “common culture” or at least a “cultural affinity.” Successful diversification by acquisition, like all successful diversification, requires a common core of unity. The two businesses must have in common either markets or technology; through occasionally a comparable production process has also provided sufficient unity of experience and expertise, as well as a common language, to bring companies together. With-out such a core of unity, diversification, especially by acquisition, never works; financial ties alone are insufficient. One example is a big French company that has been built by acquiring producers of all…

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$) (P) Gross External Debt Position 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 General government 60,603 62,937 64,142 65,382 65,574 68,412 Short-term 1,325 1,711 1,617 1,321 1,037 1,111 Money market instruments 0 0 0 0 0 0 Loans 1,325 1,711 1,616 1,321 1,037 1,111 Trade credits 0 0 0 0 0 0 Other debt liabilities 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 (Jul 26 2019) Currency Symbol Buying Selling Australian Dollar AUD 111 113.5 Bahrain Dinar BHD 415 417 Canadian Dollar CAD 121 123.5 China Yuan CNY 23.3 23.45 Danish Krone DKK 23.8 24.1 Euro EUR 179 180.5 Hong Kong Dollar HKD 20.5 20.75…

Credit/Loans Classified By Borrowers (Million Rupees) Description Mar-19 Apr-19 May-19 June-19 P 1. Credit to Government Sector (A+B) 10,884,779 11,162,102 11,671,544 12,403,397 2. Credit to Non Government Sector (A+B) 7,788,334 7,774,188 7,775,866 7,838,043 A. SBP Credit to Non Govt. Sector 25,912 25,579 26,032 25,925 B. Scheduled Banks Credit to Non Govt. Sector (I+II+III) 7,762,423 7,748,609 7,749,834 7,812,119 I. Credit to PSEs 1,524,756 1,536,764 1,549,793 1,551,471 II. Credit to NBFCs 167,892 165,383 152,350 153,489 III. Credit to Private Sector (A+B) 6,069,775 6,046,462 6,047,690 6,107,159 A. Investment in Securities & Shares of Private Sector 241,643 231,506 223,833 217,198 B. Loans to Private…

Various economists urged that the association between savings and economic growth is not only a significant but also a controversial issue for both policy makers and academicians. They have also examined that this phenomenon as cause and effect relationship. It is also believed that savings affected the economic growth because higher savings led to capital accumulation, which in turn led to economic growth in any country. Moreover, studies suggested that over the last two decades, much of the differences in economic presentation between Pakistan and the rapidly growing Southeast Asian countries were due to the low rates of savings and…

According to the international research report, as a growth enhancing component, foreign direct investment (FDI) has received great attention of developed states in general and less developed states in particular in present decade. It has been a matter of great concern for various international as well as domestic economists that how FDI impacts economic growth of the host country. In the report it is also urged that in a closed economy, with no access to foreign saving, investment is financed solely from domestic savings. However, in open economy investment is financed both through domestic savings and foreign capital flows, counting…

STOCK EXCHANGES AROUND THE WORLD US Nasdaq and S&P indexes at record high Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing US economic growth slowed less than expected in the second quarter. The US Commerce Department said GDP increased at an annualized rate of 2.1% in the second quarter, higher than a 1.8% rate forecast. Starbucks rallied 8.9% to a record high after the world’s largest coffee chain posted its biggest same-store sales growth in three years. Alphabet Inc surged 9.6% after beating Wall Street…

WORLDWIDE SHIPPING INDUSTRY Baltic index falls on sliding Capesize rates The Baltic Exchange’s main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell after a strong run. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 7 percent, or 151 points, to 2,014 points, its biggest one-day drop since January 31. The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron ore from Brazil into China. Brazil’s mining regulatory agency…

WORLD COMMODITIES TRADING World oil prices surge on US data Oil prices inched up on Friday, ending the week higher after stronger-than-expected US economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Strait of Hormuz threatened supply. Brent crude futures LCOc1 settled at $63.46 a barrel, up 7 cents. They clocked a weekly rise of about 1.7%. US West Texas Intermediate crude CLc1 settled at $56.20 a barrel, rising 18 cents. It gained about 1.2% on the week. US economic growth slowed less than expected in the second quarter with a boom…

Business Not Financial Strategy “There ain’t no bargains,” and “You get at most what you pay for,” Successful acquisitions are based upon business plans, not financial analyses. Acquisition targets must fit the business strategies of the acquiring company; other wise, the acquisition is likely to fail. The worst acquisition record of the last decades of the twentieth century was that of Peter Grace, the longtime CEP of W. R. Grace. He was a brilliant man. He set out in the 1950s to build a world-class multinational through financially-based acquisitions. He assembled the ablest group of financial analysts and had them…

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] Workers’ Remittances In Pakistan (Million US Dollars) Item Jul-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 I. Cash Flow 1,981.73 1,743.25 1,576.51 1,745.80 1,778.90 2,315.74 1,650.52 1 USA 291.87 272.32 240.80 271.16 269.56 346.81 276.76 2 U.K. 298.51 295.13 251.99 281.28 280.02 387.09 268.97 3 Saudi Arabia 437.48 403.92 370.04 405.89 427.82 493.73 333.99 4 U.A.E. 446.25 352.12 335.66 378.11 372.43 476.57 356.03 5 Other GCC Countries…

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 (Jul 19 2019) Currency Symbol Buying Selling Australian Dollar AUD 112.5 115 Bahrain Dinar BHD 413 415 Canadian Dollar CAD 122 125.5 China Yuan CNY 23.15 23.3 Danish Krone DKK 23.9 24.2 Euro EUR 180 182.5 Hong Kong Dollar HKD 20.4 20.65…

Consumer Price Index By Group Of Commodities And Services (Base 2007-08) No Group Group Weight (%) Indices % Change June 2019 Over Impact (In % points) June 2019 Over June 2019 May 2019 June 2018 May 2019 June 2018 May 2019 June 2018 General 100.00 246.82 245.94 226.67 0.36 8.89 0.36 8.89 1. Food & Non-alcoholic Beverages 34.83 254.35 254.52 236.56 -0.07 7.52 -0.02 2.73 Non-perishable Food Items 29.84 250.43 247.94 234.57 1.00 6.76 0.30 2.09 Perishable Food Items 4.99 277.82 293.83 248.50 -5.45 11.80 -0.32 0.65 2. Alcoholic Bev. & Tobacco 1.41 384.12 357.39 314.62 7.48 22.09 0.15 0.43…

People are facing immense challenges as the consistent increase in inflation rates, the sharp price rise of basic essentials and due to weak economic activities and stern action and warning for taking tax on every households making the life miserable for the poor citizen of the country, unfortunately, Naya Pakistan Apna Ghar housing scheme is a sort of some relief but due to over taxing and rising essential commodities, this scheme will not be any delight for the common man. Heavy taxes have changed the life especially of those persons who are just earning Rs 500 per day and how…

Increased population growth rate causes increased energy requirements in Pakistan which is growing rapidly. The present Government of Pakistan has focused to ensure accessibility and security of sustainable supply and delivery of energy service along with the development of natural resources and minerals. According to the Finance Ministry, ensuring energy security with affordability and universal access based on indigenous resources is the goal of government. The present Government of Pakistan has accepted with the International Monetary Fund (IMF) to additional hike the electricity tariff by the end of August 2019 on the basis of quarterly adjustments. An adequate pricing structure…

STOCK EXCHANGES AROUND THE WORLD Pakistan market up on back of upbeat current account data The stock market remained bullish on Friday on the back of upbeat data on the current account deficit for FY19 and a surge in foreign exchange reserves, which went up after the receipt of first loan tranche from the International Monetary Fund (IMF). The uptrend emerged late in the trading session. Foreign inflows, government’s approval of an increase in local fertiliser prices and hopes for improved Pakistan-US trade ties in the wake of Prime Minister Imran Khan’s visit to Washington next week played the role…

WORLDWIDE SHIPPING INDUSTRY Baltic index extends gains on Capesize, Panamax demand The Baltic Exchange’s main sea freight index rose on Wednesday, driven by demand for capesize and panamax vessels. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 2.6 percent, or 53 points, to 2,064, its highest since January 2014. The index has surged about 60 percent this year. The index extended gains for a seventh straight session, mainly driven by strong demand for vessels that ship iron ore from Brazil. A restart of Vale SA’s Brucutu mine in Brazil that was shut in early February…

WORLD COMMODITIES TRADING World oil climbs on Us-Iran tensions Oil prices rose about 1 percent on Friday after steep losses a day earlier, supported by rising tensions between the United States and Iran, even as concerns that slowing economic growth could dent global oil demand cast a cloud. For the week, benchmark crude prices declined, having fallen sharply earlier in the week on demand worries. Brent crude LCOc1 futures settled 54 cents higher at $62.47 a barrel. West Texas Intermediate crude CLc1 futures rose 33 cents to end the session at $55.63 a barrel. Still, WTI dropped 7% for the…

Resource-Allocation Decisions The allocation of capital and people determine whether the organization will do well or poorly. The allocation of capital and performing people converts into action all that management knows about its business – they determine whether the organization will do well or well or poorly. An organization should allocate human resources as purposefully and as thoughtfully as it allocates capital. To understand a capital investment, a company has to look at four measures: return on investment, payback period, cash flow, and discounted present value. Each of these four measures tells the executive something different about a prospective capital…

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] Trade in services (quarterly archive)- from fy06 to date*  (Thousand USD) Trade in Services Q2 Q3 FY19 FY19 Credit Debit Net Credit Debit Net Services 1,368,139 2,486,077 (1,117,938) 1,349,911 2,042,906 (692,995) 1.Manufacturing services on physical inputs owned by others – – – – – – 2.Maintenance and repair services n.i.e. 1,580 16,300 (14,720) 1,070 14,610 (13,540) 3. Transport 176,000 919,020 (743,020) 175,660 883,941 (708,281) 3.1 Sea…

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 ( Jul 12 2019) Currency Symbol Buying Selling Australian Dollar AUD 110 113 Bahrain Dinar BHD 411.5 413.5 Canadian Dollar CAD 121 124.5 China Yuan CNY 23.05 23.2 Danish Krone DKK 23.75 24.05 Euro EUR 179 182.5 Hong Kong Dollar HKD 20.25…

Credit/Loans Classified By Borrowers* (Million Rupees) Description Feb-19 Mar-19 Apr-19R May-19P 1. Credit to Government Sector (A+B) 11,060,089 10,884,779 11,162,102 11,671,544 A. SBP Credit to Government Sector (Net) 6,770,760 7,035,938 6,892,985 6,169,549 Investment in Govt. Securities 6,642,260 7,371,958 7,201,838 7,239,552 Loans to Government 475,799 44,633 42,214 42,024 Others 9,569 9,569 9,569 9,569 Less: Govt. Deposits 356,867 390,222 360,635 1,121,595 B. Scheduled Banks Credit to Government Sector (Net) 4,289,329 3,848,841 4,269,117 5,501,995 Investment in Govt. Securities 5,434,744 5,039,758 5,541,120 6,640,243 Loans to Government 704,292 693,946 694,995 807,619 Less: Govt. Deposits 1,849,707 1,884,864 1,966,998 1,945,867 2. Credit to Non Government Sector (A+B)…

According to the State Bank of Pakistan (SBP) statistics the Investments (net) of Islamic banking industry rose by 19.9 percent and were registered at Rs. 617 billion by end March, 2019 as against to Rs. 515 billion in the last quarter. During the period under review, investments (net) of Islamic banks (IBs) reached at Rs. 376 billion while the same was registered at Rs. 241 billion for Islamic banking branches (IBBs). Furthermore, financing and related assets (net) of Islamic banking industry rose by Rs. 14 billion to reach Rs. 1,525 billion by end March, 2019 as against to Rs. 1,511…

During the period July-April, FY2019 the Ministry of Pakistan mentioned in a report that the money supply (M2) rose by Rs 625.3 billion as against with Rs 601.8 billion in the same period of previous year. Net Domestic Assets (NDA) is the main contributor to M2 growth. Net Foreign Assets (NFA) point contribution is pessimistic and reached at (-5.5 percent) during the period under review as compared with (-3.3 percent) in the corresponding period previous year. NDA point contribution has risen to 9.4 percent as against with 7.4 percent previous year. NDA point contribution growth partially offset by NFA pessimistic…

STOCK EXCHANGES AROUND THE WORLD US all three major indexes at record highs All three major indexes posted record closing highs on Friday as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kickoff of the corporate earnings season. The S&P 500 closed above the 3,000 level for the first time, with the industrial, consumer discretionary and materials sectors each posting gains of at least 1%. In his two-day testimony before Congress, Fed Chairman Jerome Powell said the U.S. economy was still under threat from disappointing factory activity, tame inflation…

WORLDWIDE SHIPPING INDUSTRY Ship operators cannot afford to turn a blind eye to cyber security The United States Coast Guard (USCG) shares its findings from an investigation into a cyber incident onboard a commercial vessel. In February 2019, a deep draft vessel on an international voyage bound for the Port of New York and New Jersey reported that they were experiencing a significant cyber incident impacting their shipboard network. An interagency team of cyber experts, led by the Coast Guard, responded and conducted an analysis of the vessel’s network and essential control systems. The team concluded that although the malware…

WORLD COMMODITIES TRADING Oil flat over tropical storm disruptions Oil prices were little changed on Friday as U.S. Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm, but concerns over a global crude surplus in the months ahead limited gains. Brent crude LCOc1 futures settled at $66.72 a barrel, climbing 20 cents. US West Texas Intermediate (WTI) crude CLc1 futures settled at $60.21 a barrel, up 1 cent. Brent has gained 4% this week while WTI posted a 4.7% rise. Both benchmarks fell last week. Tropical Storm Barry, which is expected to…

EVA as a Productivity Measure Until a business returns a profit that is greater than its cost of capital, it does not create wealth, it destroys it. Measuring total-factor productivity is one of the major challenges confronting the executive in the age of knowledge work. For manual work, measuring quantity is usually sufficient. In knowledge work, we have to manage both quantity and quality, and we do not know yet how to do that. We must try to assess total-factor productivity using the common denominator of revenues and expenses. By measuring the value added over all costs, including the cost…

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: Export Receipts By Commodities And Groups (Thousand US Dollar) Commodity Jan-19 Feb-19 Mar-19 Apr-19 (R) May-19 (P) A. Food Group 478,120 405,847 448,866 459,315 509,327 01 Rice 232,578 208,288 227,560 240,869 231,597 02 Fish & Fish Preparations 39,356 31,622 37,412 54,105 55,494 03 Fruits 62,736 53,109 45,707 29,770 30,324 04 Vegetables/Leguminous Vegetabl 36,687 19,802 23,559 24,867 29,082 05 Tobacco 281 839 544 1,590 3,042 06…

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 (Jul 05 2019) Currency Symbol Buying Selling Australian Dollar AUD 108.5 113 Bahrain Dinar BHD 411 415 Canadian Dollar CAD 118 123 China Yuan CNY 22.95 23.1 Danish Krone DKK 23.65 23.95 Euro EUR 175 180 Hong Kong Dollar HKD 20.25 20.5…

Agriculture growth percentages in Pakistan (Base=2005-06) Sector 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 (P) Agriculture 2.68 2.50 2.13 0.15 2.18 3.94 0.85 Crops 1.53 2.64 0.16 -5.27 1.22 4.66 -4.43 i) Important Crops 0.17 7.22 -1.62 -5.86 2.60 3.56 -6.55 ii) Other Crops 5.58 -5.71 2.51 0.40 -2.51 6.15 1.95 iii) Cotton Ginning -2.90 -1.33 7.24 -22.12 5.58 8.80 -12.74 Livestock 3.45 2.48 3.99 3.36 2.99 3.62 4.00 Forestry 6.58 1.88 -12.45 14.31 -2.33 2.58 6.47 Fishing 0.65 0.98 5.75 3.25 1.23 1.63 0.79 [divider style=”normal” top=”20″ bottom=”20″] Actual surface water availability in Pakistan (Million Acre Feet) Period Kharif…

According to the food and agriculture organizations of the United Nations, the world fertilizer nutrient consumption was predicted to reach 186.6 million tonnes in 2015, up by 1.1 percent over 2014. World demand for total fertilizer nutrients was also predicted to increase at 1.6 percent per annum from 2015 to 2019. The demand for nitrogen, phosphate, and potash is forecast to increase yearly by 1.2, 2.0 and 2.5 percent, respectively, during the period under review. Over the next five years, experts revealed in the report that the global capacity of fertilizer products, intermediates and raw materials will be raised more.…

In line with the Government of Pakistan ’s priority for agriculture sector development, the Ministry of Finance released a report and recorded that the Agricultural Credit Advisory Committee (ACAC) set the indicative agricultural credit disbursement targets to Rs 1,250 billion for FY 2019 to 50 agriculture lending institutions counting 19 commercial banks, 2 specialized banks, 5 Islamic banks, 11 microfinance banks and 13 microfinance institutions/rural support Programs (MFIs/RSPs). The statistics showed that this yearly indicative agriculture target is 28 percent higher than the last year’s disbursed amount of Rs 972.6 billion. Of the total target of Rs 1,250 billion, Rs…

STOCK EXCHANGES AROUND THE WORLD Pakistan stock index retreats further into red The market reverted to its bearish ways as it lost another 381 points to finish the second successive session in the red. The KSE-100 index opened on a negative note and continued to lose as interest remained dull. Investors remained on the sidelines, opting to offload stocks amid lack of positive triggers. At the end of trading, the benchmark KSE 100-share Index recorded a decrease of 380.60 points, or 1.10percent, to settle at 34,190.02. Volumes remained subdued as only 51 million shares changed hands during the day. Overall,…

WORLDWIDE SHIPPING INDUSTRY Maritime operators set full speed ahead for cleaner ships Shipping historically has never been much of a friend to the environment. Oceangoing vessels have burned heavy oil, the world’s dirtiest propulsion fuel, since they switched from coal in the early 20th century, and operators since then have sailed around unclear rules over who enforces climate protection. Ships generally operate in international waters beyond the reach of close regulation, and their flags often are different from the nationality of their owners, leaving oversight and enforcement murky unless vessels foul the environment directly around ports. This sense that ships…

WORLD COMMODITIES TRADING World oil prices up after tensions over and OPEC output cuts Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally. Brent crude futures LCOc1 settled at $64.23 a barrel, up 93 cents, or 1.47%. US West Texas Intermediate (WTI) CLc1 settled at $57.51 a barrel, up 17 cents. The U.S. market was closed on Thursday for a national holiday. Both benchmarks were down for the week as concerns about a slowing global economy outweighed risks to supply.…

Information on Cost and Value We cannot achieve results until we have information on cost and value. Basic structural information is focused upon the value that is created for customers and the resources used to do so. The concepts and tools of accounting are now in the throes of its most fundamental change. The new accounting tools are not just different views of recording transactions but represent different concepts of what business is and what results are. So even the executive far removed from any work in accounting, such as a research manager in a development laboratory, needs to understand…

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 ( Jun 28 2019) Currency Symbol Buying Selling Australian Dollar AUD 112 116 Bahrain Dinar BHD 423 428 Canadian Dollar CAD 121.5 125 China Yuan CNY 23.7 23.85 Danish Krone DKK 24.65 24.95 Euro EUR 182 187 Hong Kong Dollar HKD 20.85…

[divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Number Of Pakistani Workers Registered Abroad S. No. Countries 2014 2015 2016 2017 2018 1 UAE 350,522 326,986 295,647 275436 208635 2 Bahrain 9,226 9,029 8,226 7,919 5745 3 Malaysia 20,577 20,216 10,625 7,174 9881 4 Oman 39,793 47,788 45,085 42,362 27202 5 Qatar 10,042 12,741 9,706 11,592 20993 6 Saudi Arabia 312,489 522,750 462,598 143,363 100910 7 UK 250 260 346 340 587 Source: Bureau of Emigration and Overseas Employment [divider style=”normal” top=”20″ bottom=”20″] [ads1] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″]

For any developing economies, the international economic experts revealed that the employment growth is a problem. In the past the plans were planned to set growth targets but less priority was given to employment generation. International experts furthermore explained that for the developing countries as a whole, the most critical question is how to create rapidly hundreds of millions of employment opportunities for the poor with limited purchasing power and limited capital for investment. The idea that most of these employment opportunities could be created in the corporate sector or through government-sponsored activities has been put to rest. Presently, they…

According to the current economic survey, the whole education situation is based on key performance indicators like enrolment rates, number of institutes and teachers which experienced marginal enhancement. The statistics show that the total number of teachers during FY2018 was recorded 1.8 million as against to 1.7 million during previous year explaining a rise of 1.6 percent. This number of teachers was estimated to increase by 2.9 percent to 1.8 million during the year FY2019. Education Indicators In Pakistan Country Literacy rate adult %age 15 years and older (2006-16) Youth %age 15-24 years old Gross enrolment Ratio(GER) 2012-17 Primary School…

STOCK EXCHANGES AROUND THE WORLD Pakistan stocks end last session of fiscal year on a positive note Despite wild fluctuations, the stock market closed its last trading session of the current financial year in the green, buoyed by a smart recovery of the rupee. In the morning, the KSE-100 index opened on a negative note and dropped over 360 points in intra-day trading before the market paused for midday break. However, the rupee’s significant gains against the US dollar helped the index recover the losses made in the first half. At the end of trading, the benchmark KSE 100-share Index…

WORLDWIDE SHIPPING INDUSTRY Global shipping outlook stable, says Moody’s The outlook for the global shipping sector into 2020 will remain stable, as higher expected earnings are counterbalanced by the US-China trade tensions and worldwide regulatory risks, says Moody’s Investors Service in a sector report. It said the key drivers of the stable outlook were a combination of anticipated earnings before interest, taxes, depreciation and amortization (EBITDA) growth of 16percent to 18percent into 2020, (although from a relatively low base in 2018) and largely balanced demand and supply growth. These positives were offset by downside risks from protectionist trade policies and…

WORLD COMMODITIES TRADING World oil prices dip but post second week of gains Oil prices fell on Friday but posted their second straight week of gains ahead of trade talks between the US and Chinese presidents this weekend, and on widely expected production cuts from OPEC on Monday. The most active September Brent crude futures LCOU9 fell 93 cents to settle at $64.74 a barrel. Brent August crude LCOc1 futures settled unchanged at $66.55 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures lost 96 cents to settle at $58.47 a barrel. Brent posted a gain of more than…

Turbulent Times Ahead It turbulent times, the first task of management is to make sure of the institution’s capacity to survive a blow. In turbulent times, the first task of management is to make sure of the institution’s capacity for survival, to make sure of its structural strengths, of its capacity for survival, to make sure of its structural strengths, of its capacity to survive a blow, to adapt to sudden change, and to avail itself of new opportunities. Turbulence, by definition, is irregular, nonlinear, erratic. But its underlying causes can be analyzed, predicted, managed. But its underlying should –…

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] Official Reserve Assets And Other Foreign Currency Assets (approximate market value) (US Million $) Details Jan-19 Feb-19 Mar-19 Apr-19 A.Official reserve assets 12,415.44 12,309.54 14,674.98 12,960.48 (1) Foreign currency reserves (in convertible foreign currencies) 7,596.78 7,748.37 10,076.41 8,491.28 (a) Securities 3,591.23 3,418.61 2,850.08 2,621.71 of which: Issuer headquarted in reporting country but located aboard. – – – – (b) total currency and deposits with: 4,005.55 4,329.76…

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 ( Jun 21, 2019) Currency Symbol Buying Selling Australian Dollar AUD 106 108.75 Bahrain Dinar BHD 408 410 Canadian Dollar CAD 116.75 118.75 China Yuan CNY 22.75 22.9 Danish Krone DKK 23.5 23.8 Euro EUR 175.5 177.25 Hong Kong Dollar HKD 20.05…

Salient Features Of Budget 2019-20 The total outlay of budget FY2020 is Rs 8,238.1 billion. This size is 38.9 percent higher than the size of budget estimates FY2019. The resource availability during FY2020 has been estimated at Rs 7,899.1 billion against Rs 4,917.2 billion in the budget estimates of FY2019. The net revenue receipts for FY2020 have been estimated at Rs 3,462.1 billion indicating an increase of 12.8 percent over the budget estimates of FY2019. The provincial share in federal taxes is estimated at Rs 3,254.5 billion during FY2020, which is 25.7 percent higher than the budget estimates for FY2019.…

For the economic growth and development, the economists revealed that the manufacturing has been considered as the main engine. They have said that productivity is higher in the manufacturing sector than in the agricultural sector. Manufacturing is also assumed to have more potential for productivity growth than other sectors. The transfer of resources from low productivity sectors like traditional agriculture or informal services to high productivity and dynamic sectors like manufacturing (i.e., industrialization) offers a structural change bonus. This is a temporary effect on the growth rate, i.e. it lasts as long as the share of manufacturing is growing. Similarly,…

According to the worldwide economists, the global trade has been at a historic low since the recession in 2008, falling to -3 percent in January 2019 from 11 percent in January 2018. Furthermore, global growth is estimated to be moderate for the year 2019. Global trade during last year remained slow on account of decelerated export orders and global manufacturing activity, mainly in capital goods. Global output and investments are probable to be suppressed during 2019 because of uncertain business environment stemming from expected disorderly Brexit and US fiscal policy. Prices of metal and agricultural commodities also weakened because of…

STOCK EXCHANGES AROUND THE WORLD Pakistan stocks post limited gains The stock market experienced a relatively dull session on Friday as the benchmark index posted limited gains on the last trading day of the week. The KSE-100 index opened upwards but continued to fluctuate sharply. Trading activity was seen in cement, power and exploration and production stocks. Late session recovery was led by selected oil, banking and fertiliser stocks on attractive valuations. The end of trading, the benchmark KSE 100-share Index recorded an increase of 129.34 points, or 0.37percent, to settle at 35,125.25. Overall, trading volumes decreased to 129.3 million…

WORLDWIDE SHIPPING INDUSTRY India’s fertiliser movement now eligible for subsidy A policy for reimbursement of freight subsidy for transportation of fertilisers through the coastal shipping route has been approved. Earlier, this financial support was available only for fertiliser movement via railways. The move by the Department of Fertilisers means reduction in freight by about 40 per cent. Experts believe the move will help in significant reduction in cost of transportation, time and is environment friendly. According to industry figures, about 24.2 million tonnes (mt) of urea and 25 mt of other fertilisers (phosphatic and potassium) were transported in the country…

WORLD COMMODITIES TRADING World oil futures up 1pc, US oil soars 10pc in week Oil futures rose 1% on Friday, with US crude up 10% in the week and global benchmark Brent gaining 5%, on fears the United States could attack Iran and disrupt flows from the Middle East, which provides more than a fifth of the world’s oil output. US gasoline futures, meanwhile, jumped around 4% following a massive fire at Philadelphia Energy Solutions’ refinery in Philadelphia, the largest on the US East Coast. While the rise in US-Iranian tensions has largely driven the crude price gains, analysts said…

Rules for Staff People Unless staff people have proved themselves in operations, they will lack credibility among operating people and will be dismissed as “theoreticians.” Rules for staff people are just as important as rules for staff work. Don’t ever put anyone into a staff job unless he or she has successfully help a number if operating jobs, preferably in more than one functional area. For if staff people lack operating experience, they will be arrogant about operations, which always look so simple to the “planner.” But today, in government even more than in business, we put young people fresh…

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. Liquid Foreign Exchange Reserves In Pakistan (Million US$) End period Net reserves with SBP Net reserves with banks Total liquid FX reserves 4-Jan-2019 7,048.7 6,548.3 13,597.0 11-Jan-2019 6,901.2 6,588.0 13,489.2 18-Jan-2019 6,636.1 6,621.1 13,257.2 25-Jan-2019 8,154.3 6,648.2 14,802.5 1-Feb-2019 8,192.5 6,692.6 14,885.1 8-Feb-2019 8,205.9 6,689.9 14,895.8 15-Feb-2019 8,043.0 6,751.6 14,794.6 22-Feb-2019 8,036.8 6,779.0 14,815.8 1-Mar-2019 8,116.5 6,839.7 14,956.2 8-Mar-2019 8,122.9 6,843.0 14,965.9 15-Mar-2019 8,838.7 6,870.9 15,709.6 22-Mar-2019 8,560.9…

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 ( Jun 14 2019) Currency Symbol Buying Selling Australian Dollar AUD 104 107.75 Bahrain Dinar BHD 402.5 406.5 Canadian Dollar CAD 113 116.75 China Yuan CNY 21.9 22.05 Danish Krone DKK 22.8 23.1 Euro EUR 170.5 174.5 Hong Kong Dollar HKD 19.3…

CPEC Portfolio Projects Status Cost(US$ M) Energy (IPP financing mode) Completed 4,979 Cross Border Optical Fiber Project (GCL) Completed 37.4 DTMB (Grant) Completed 4 Energy (IPP financing mode) Under Implementation 18,258 Transport and Infrastructure (GCL) 3 projects Under Implementation 5,830 Eastbay Expressway Gwadar (Interest free Loan) Under Implementation 166 Gwadar City Master Plan and Airport (Grant) Under Implementation 257 29,531.4 Energy (IPP financing mode) In Pipeline 11,523 Main-Line-1 (ML-1) (GCL) In Pipeline 8,250 Gwadar Projects (Grant) 6 projects In Pipeline 357 Grand Total 49,661.4 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] [divider style=”normal”…

In the Economic Survey of Pakistan FY2019, it is recorded that Pakistan National Shipping Corporation (PNSC) has attained substantial growth in revenue of 35 percent in managed bulk carrier segment and growth of 28 percent in liquid cargo segment through its managed vessels. The present government encouraged the use of alternative energy, which is cost effective, and environment friendly as against to furnace oil. The National Flag carrier of Pakistan, trading under the name of PNSC is engaged in transportation of dry bulk and liquid cargoes worldwide. It is an autonomous corporation, which functions under the overall control of the…

Gwadar Port (Balochistan on the Arabian Sea) is the key of the mega China-Pakistan Economic Corridor (CPEC) projects, which is said to be the main concern of economists ever since the announcement of the multi-billion dollar plan. The economists also urged that it is the second greatest monument of Pak-China friendship after Karakoram Highway linking China and Pakistan. The Port is about 630 km away from Karachi and 120 km from the Iranian border. It is placed at the mouth of the Persian Gulf, outside the Strait of Hormuz, near the key shipping routes in and out of the Persian…

STOCK EXCHANGES AROUND THE WORLD Pakistan’s stocks index extends gains The stock market endured a volatile session on Friday but it still managed to close with a gain of 170 points in the KSE-100 index, which was its fourth successive session in the positive. At the end of trading, the benchmark KSE 100-share Index recorded an increase of 169.88 points, or 0.48percent, to settle at 35,572.95. Overall, trading volumes increased to 167.88 million shares compared with Thursday’s tally of 154.32 million. The value of shares traded during the day was Rs7.6 billion. Shares of 338 companies were traded. At the…

WORLDWIDE SHIPPING INDUSTRY Container shipping pitfalls in the coming months As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins. The number of boxes being shipped around the globe by sea grew 0.5percent – 191,000 twenty-foot equivalent units (TEU) – in the first quarter of 2019 compared with the same period in 2018. The growth figure is massively below those of earlier years, where the global demand in Q1 2017 grew by 6.6percent and in Q1 2018 by 3.6percent. The timing and impact of Chinese New Year always affects…

WORLD COMMODITIES TRADING World oil prices rise but on track for weekly loss Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, but prices remained on track for a weekly loss on fears that trade disputes will dent global oil demand. Brent futures settled 70 cents, or 1.1%, higher at $62.01 a barrel, while US West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.4%, to close at $52.51. The attacks on oil tankers near Iran and the Strait of Hormuz pushed up…

Fundamental of Communications To improve communications, work not on the utterer but recipient. It is the recipient who communicates. Unless there is someone who hears, there is no communication. There is only noise. One can perceive only what one is capable of perceiving. One can communicate only in the recipients’ language or in their terms. And the terms have to be experience-based we perceive, as a rule, what we expect to perceive. We see largely what we expect to see, and we hear largely what we expect to hear largely what we expect to hear. The unexpected is usually not…

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 (As Per BPM6) (Million US$) Description Oct Nov Dec Jan Feb MarR AprP FY19 FY19 FY19 FY19 FY19 FY19 FY19 Goods and Services Balance (A-B) -3,063 -2,798 -3,278 -2,343 -1,762 -2,408 -2,562 1. Goods – Export (FOB) 2,059 1,895 2,011 2,272 1,869 2,029 2,079 2. Exports of Services 474 414 480 455 414 481 446 1. Manufacturing Services on…