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.…
Author: S. Kamal Hayder Kazmi
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…
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 ( May 31 2019) Currency Symbol Buying Selling Australian Dollar AUD 101 104 Bahrain Dinar BHD 394 396 Canadian Dollar CAD 108.5 111.5 China Yuan CNY 21.45 21.6 Danish Krone DKK 21.95 22.25 Euro EUR 163 167 Hong Kong Dollar HKD 18.85…
Pakistan: Salient Features Of The Budget 2018-19 The total outlay of budget FY2019 is Rs 5,932.5 billion. This size is 16.2 percent higher than the size of budget estimates FY2018. The resource availability during 2018-19 has been estimated at Rs 4,917.2 billion against Rs 4,713.7 billion in the budget estimates of FY2018. The net revenue receipts for FY2019 have been estimated at Rs 3,070.4 billion indicating an increase of 4.9 percent over the budget estimates of FY2018. The provincial share in federal taxes is estimated at Rs 2,590.1 billion during FY2019, which is 8.6 percent higher than the budget estimates…
External debt plays both a pessimistic as well as optimistic role in shaping economic growth in any country mainly developing. Various studies recorded that external debt is useful when the government uses it for investment-oriented projects like energy, infrastructure and agriculture sector. And it will affect pessimistically when it is utilized for private and public consumption purposes, which do not bring any return. Additionally, a low level of external debt impacts economic growth optimistically, but this relationship becomes negative at a higher level. Researchers noted that external debt is a significant source of public financing in developing countries and carries…
In developing countries, researchers see that the current account deficit is regarded as one of the significant reasons for unsteady growth. Thus, the controllability of current account deficit and the selection of strategies to be implemented play a determining role on economic growth of any country’s performance. Researchers also believed that the current account deficit is no doubt a significant signal of competitiveness and the level of exports and imports. Moreover, a large current account deficit generally implies some kind of imbalance in economy, which needs correcting with depreciation in the exchange rate or enhanced competitiveness over time. However, it…
STOCK EXCHANGES AROUND THE WORLD Pakistan’s KSE-100 continues to rise, aided by support fund After a phenomenal rally in the preceding session, the stock market continued to gain ground on Thursday as euphoria over the creation of a market support fund provided vital support. The KSE-100 index surged over 500 points in the first hour of trading but selling pressure dragged the index lower. Rumours about delay in approval of the fund pushed the index down but approval of the fund by the Economic Coordination Committee (ECC) helped the index make a decent recovery. At the end of trading, the…
WORLDWIDE SHIPPING INDUSTRY Singapore marine fuel oil hits new record high The premium of Singapore Marine Fuel 0.5 percent to the Mean of Platts Singapore 380 CST high sulfur fuel oil assessments rose Tuesday to a new record high, driven by stockpiling demand, S&P Global Platts data showed. Singapore Marine Fuel 0.5percent premium climbed to $102.01/mt to the MOPS 380 CST HSFO assessment Tuesday, up 49 cents/mt from Monday, Platts data showed. The premium of Marine Fuel 0.5 percent was the highest since Platts launched the assessment on January 2 this year. It last hit a high of $101.55/mt premium…
WORLD COMMODITIES TRADING World oil slumps over 3pc, posts six-month fall Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, a key US trade partner and major supplier of crude oil. Brent crude futures fell $2.38, or 3.6%, to settle at $64.49 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $3.09 to $53.50 a barrel, a 5.5% loss. Brent touched a session low of $64.37 a barrel, lowest since March 8. WTI hit $53.41 a barrel, weakest since…
Simulated Decentralization The main rule is to look simulated decentralization as a last resort only. Whenever a unit can be set up as a business, no design principle can match federal decentralization. We have learned, however, that a great many large companies cannot be divided into genuine businesses. Yet they have clearly outgrown the limits of size and complexity of the functional or of the team structure. These are the companies that are increasingly turning to “simulated decentralization” as the answer to their organization problem. Simulated decentralization forms structural units that are not businesses but which are still up as…
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] Deposit Distributed By Category Of Deposit Holders* (Million Rupees) Description Feb-19 Mar-19 Apr-19 P 1. Non Resident Deposits 207,977 216,952 219,089 2. Resident (I+II+III+IV+V+VI+VII) 12,642,761 12,908,274 12,826,260 I. Government (Including Federal, Provincial & Local) 1,849,707 1,884,864 1,973,797 II. Non-Financial Public Sector Enterprises (NFPSE) 791,228 767,538 782,066 III. Non-Bank Financial Institutions (NBFIs) 352,839 436,554 396,943 IV. Private Sector (Business) 2,723,442 2,797,184 2,733,887 Agriculture, hunting and forestry 228,741…
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 ( May 24 2019) Currency Symbol Buying Selling Australian Dollar AUD 103 104.5 Bahrain Dinar BHD 403.5 405.5 Canadian Dollar CAD 111.75 113 China Yuan CNY 21.95 22.1 Danish Krone DKK 22.5 22.8 Euro EUR 167.5 169 Hong Kong Dollar HKD 19.3…
Workers’ Remittances In Pakistan (Million US Dollars) Item Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 I. Cash Flow 2,060.37 1,664.01 1,748.78 1,743.25 1,576.51 1,745.80 1,778.90 1 USA 325.19 268.32 276.30 272.32 240.80 271.11 269.56 2 U.K. 322.30 246.78 267.89 295.13 251.99 281.26 280.02 3 Saudi Arabia 494.53 395.12 414.84 403.92 370.04 405.87 427.82 4 U.A.E. 419.41 350.35 351.34 352.12 335.66 378.14 372.43 Dubai 281.20 232.81 228.38 225.94 227.06 254.28 245.36 Abu Dhabi 134.05 113.76 119.15 121.56 104.79 118.59 120.38 Sharjah 3.77 2.60 2.24 2.65 1.74 3.44 4.68 Others 0.39 1.18 1.57 1.97 2.06 1.82 2.01 5 Other GCC Countries 200.87…
Present statistics showed that Pakistan’s economy faces tough challenges in this global environment and still has been struggling since previous year with spiraling fiscal deficit and current account, and steepening inflation rate in the previous 3-month. The economists also recorded that the large trade deficit has prompted officials to devalue the Pakistani rupee (PKR) by as much as 24 percent in the last year. In March 2019, the State Bank of Pakistan (SBP) revised its Gross Domestic Product (GDP) growth target down to a sluggish 3.5 percent, from the original target of approximately 6 percent. In April 2019, Pakistan Bureau…
To sustain the price stability, researchers revealed that the Reserve Bank of any country manage the money supply of that country. Therefore, monetary policy plays its role to stable the economic growth by the number of channels. Researchers also recorded that price stability is main contribution of monetary policy for sustainable growth of any country. As it is considered that continuous grow in price level is only because of monetary phenomenon, so for sustaining the price stability monetary policy uses dissimilar tools to effect the money supply. They have also recorded that only the costs are not affected through the…
STOCK EXCHANGES AROUND THE WORLD US Dow rises nearly 100 points, but posts longest weekly losing streak since 2011 Stocks rose on Friday, but notched weekly losses as investors worried the US-China trade war is hurting economic growth. The Dow Jones Industrial Average ended the day up 95.22 points at 25,585.69 while the S&P 500 climbed 0.1 percent to 2,826.06. The Nasdaq Composite rose 0.1 percent at 7,637.01. The indexes rebounded slightly from sharp losses on Thursday after President Donald Trump said Thursday afternoon the ongoing trade war could be over quickly. Friday’s gains were not enough to offset this…
Positive normalcy returns, upcoming budget will set future direction The week ended 24th May 2019 marked substantial recovery at Pakistan Stock Exchange (PSX), with benchmark index gaining 2,537 points, up 7.65%WoW to close at 35,704 levels. The market closed positively for the first time after seven weeks. After a decade, the benchmark index posted the largest weekly gain of 7.65% or 2,537 points, the last highest gain of 9.1% was recorded in first week of April 2009. All sessions of the week closed on positive note, showing renewed optimism of investors on the back of market support fund and deferred…
WORLDWIDE SHIPPING INDUSTRY Shipowners see rise in IMO-compliant fuels, but doubts persist Shipowners, who are facing one of the biggest changes in the oil industry in decades, are seeing more fuels that will be compliant with new rules on sulphur emissions from ships, but some say the way forward is far from clear. The United Nations shipping agency the International Maritime Organization (IMO) will from January 2020 limit the sulphur content in fuel ships use to 0.5 percent. With the exception of some zones around northwest Europe and North America known as Emission Control Areas where maximum sulphur content is…
WORLD COMMODITIES TRADING Oil plummets, on track for biggest weekly drop in 2019 Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months. Oil coursed downward with other global markets as concerns grew that the China-US trade conflict was fast turning into a technology cold war between the world’s two largest economies. While the trade war is the main cloud over economic growth and demand predictions, market participants also pointed to weakening US data and overfull US crude stockpiles.…
Federal Decentralization: Requirements As a minimum the unit must contribute a profit to the company rather than merely contribute to the profit of the company. Federal decentralization has stringent requirements. Federal decentralization is applicable only where a company can truly be organized into a number of genuine “businesses.” This is its basic limitation. As a minimum the unit must contribute a profit to the company. And it must be a genuine profit determined by the objective judgment of the marketplace. Federal decentralization will work only if the top-management job is clearly defined and thought through. Federalization, if properly applied, makes…
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] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″]
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 ( May 17 2019) Currency Symbol Buying Selling Australian Dollar AUD 101 102.5 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 109 111 China Yuan CNY 21 21.15 Danish Krone DKK 21.55 21.85 Euro EUR 164.5 167 Hong Kong Dollar HKD 18.5…
Industry Progress And Market Share In Pakistan Details Industry Progress YoY Growth (%) Share in Overall Banking Industry (%) Dec-17 Sep-18 Dec-18 Dec-18 Dec-17 Sep-18 Dec-18 Assets (net) (Rupees in billion) 2,272 2,458 2,658 17.0 12.4 13.6 13.5 Deposits (Rupees in billion) 1,885 2,005 2,203 16.9 14.5 14.7 15.5 Number of Islamic banking institutions 21 21 22 – – – – Number of Islamic banking branches* 2,581 2,709 2,851 10.5 – – – Source: Data submitted by banks under quarterly Reporting Chart of Accounts (RCOA), *Including sub-branches [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] [divider style=”normal” top=”20″…
During the quarter ended March 31, 2019, the profit after tax (PAT) of Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan grew to Rs 2,851 million from Rs 1,915 million in the same period previous year, showing a growth of 49 percent. The earnings per share (EPS) on enhanced capital increased to Rs 2.44 per share. Meezan Bank offers Shariah compliant banking services such as financing, trade and deposit related services to small & medium sized enterprises. The management combines the expertise of in-house product specialists and Shariah scholars to offer Shariah compliant financing solutions to…
International researchers recorded that during the last two decades, the Islamic banking saw rapid growth. The prohibition of interest payments by Islamic Shariah has instead made equity and profit sharing the cornerstones of its operational structure activities. They have also recorded that there are various contributory factors for such growth, most notable of which are the financial liberalization. In the developing countries like Pakistan, BankIslami Pakistan Limited (BIPL) is dedicated in supporting business with all the products and services obtainable by its branch banking network and these products and services are provided to clients strictly under Shariah modes. The management…
STOCK EXCHANGES AROUND THE WORLD Pakistan stocks dragged down by heavy rupee depreciation The stock market once again dived into the red zone as the latest round of rupee depreciation pushed the benchmark index down by over 700 points in intra-day trading on Thursday. The rupee dropped to an all-time low at 148.50 to the US dollar in the inter-bank market earlier in the day, weakening by over 5percent, or Rs7.10, from Wednesday’s close of 141.4. The fresh depreciation prompted renewed stock selling as investors reacted with panic to the latest development. As a result, the KSE-100 index, after a…
WORLDWIDE SHIPPING INDUSTRY Asian refiners may lift some middle east crude in smaller vessels post sabotage Various Asian buyers of Middle Eastern crude oil expressed some concerns over the safe passage of their term cargoes following the recent sabotage attack on Saudi oil tankers, prompting several refiners to consider lifting Persian Gulf barrels in smaller vessels as a means of reducing supply disruption risk. Saudi Aramco’s term crude oil customers in South Korea, China, Thailand and Japan have adopted additional precautionary measures in lifting and bringing in their May-loading term cargoes, refinery sources told S&P Global Platts. The tankers were…
WORLD COMMODITIES TRADING Oil prices rise as Middle East conflict persists Oil futures were up more than 1% on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its crude infrastructure. Brent crude futures settled at $72.62 a barrel, up 85 cents, or 1.18%, after touching their highest level in three weeks. US West Texas Intermediate (WTI) crude futures settled at $62.87 a barrel, gaining 81 cents, or 1.37%, after hitting its strongest level in two weeks. The Saudi-led military coalition in Yemen carried out several air strikes on…
The Federal Principle Federalism relieves top management from operating duties and sets it free to devote itself to its proper functions. What the enterprise needs is a principle that gives both the center and the parts genuine managerial functions and powers. This principle is federalism, in which the whole of the enterprise is conceived as made up of autonomous units. The federal enterprise and all its units are in the same business. The same economic factors determine the future of the whole as well as of all units; the same basic decisions have to be made for all of 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] Central Government Debt (In Billion Rupees) Debt Instruments Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 A. Central Government Domestic Debt (a+b) 17,160.2 17,322.8 17,535.7 17,975.2 18,315.9 18,170.6 a. Long Term (i+ii+iii) 7,267.7 7,265.9 7,248.1 7,432.6 7,777.1 7,900.0 i. Permanent Debt (1+2+3) 4,372.7 4,386.1 4,376.5 4,440.8 4,734.6 4,797.4 1. Market Loans 2.8 2.8 2.8 2.8 2.8 2.8 Federal Government 2.7 2.7 2.7 2.7 2.7 2.7 3.00 % 1971…
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 (May 10 2019) Currency Symbol Buying Selling Australian Dollar AUD 98.5 99.25 Bahrain Dinar BHD 375 377 Canadian Dollar CAD 105 105.5 China Yuan CNY 20.7 20.85 Danish Krone DKK 21.05 21.35 Euro EUR 158.5 159.25 Hong Kong Dollar HKD 17.95 18.2…
[divider style=”normal” top=”20″ bottom=”20″] Interest Rate Structure In Pakistan (%) w.e.f. SBP Reverse Repo Rate SBP Repo Rate SBP Policy (Target) Rate SBP Repo Rate End User Export Finance Scheme Rate Rate of Remuneration on FE-25 CRR w.e.f. Rate w.e.f. Rate 17-Nov-14 9.50 7.00 – 10-Jan-10 7.5 Apr-18 0.88 26-Jan-15 8.50 6.00 – 1-Apr-10 8.0 May-18 0.91 24-Mar-15 8.00 5.50 – 31-Jul-10 8.5 Jun-18 1.00 25-May-15 7.00 5.00 6.50 1-Oct-10 9.0 Jul-18 1.09 14-Sep-15 6.50 4.50 6.00 1-Jan-11 10.0 Aug-18 1.08 23-May-16 6.25 4.25 5.75 10-Sep-12 8.5 Sep-18 1.11 29-Jan-18 6.50 4.50 6.00 1-Jan-13 8.3 Oct-18 1.26 28-May-18 7.00 5.00…
Researchers revealed that unemployment is a pessimistic phenomenon in any human society as it adversely affects in dissimilar directions and dimensions as well. Unemployment refers to an economic defect affecting the community structure. Thus, the economic and social dimensions of unemployment rise complexity, consequently lead us to attain various analyses to understand its nature and impact on the growth. In Pakistan, the unemployment rate is very high and the main cause is the wastage of resources on the large scale. It results in the decline in the income of people. They have also recorded that the unemployment problem in the…
No doubt, the reduction of poverty has become a central goal for development. It can be attained through economic growth. Experts believed that the growing per capita income in general leads to poverty reduction. It is also recorded that factors that appear to limit the impact of economic growth on poverty reduction, counting high initial income inequality, low human capital, low government expenditure on social services, a reliance on non-labor-intensive sectors for growth and lack of openness to the world economy. Furthermore, the eradication of poverty in the developing world has become a chief policy objective to most governments and…
STOCK EXCHANGES AROUND THE WORLD Pakistan stocks extend losses over weak economic outlook The KSE-100 index extended its losses on Friday and shed 171 points as investors were wary of the conditions in the new IMF loan programme. Weak investor sentiments coupled with expectations of a tough IMF bailout pushed the market to trade below the 35,000-point level throughout the day. The bearish activity was also caused by economic uncertainty after the National Accounts Committee anticipated a sharp slowdown in economic growth to 3.3percent in FY19 – the slowest pace in the past nine years. At the end of trading,…
WORLDWIDE SHIPPING INDUSTRY Americas MR tankers see short-haul freight up 20pc on tight tonnage, fixing spree The Americas Medium Range tanker market saw freight increase around 17-25 percent, to rates not seen since early April on some US Gulf Coast-loading routes, prompted by tight available tonnage on the front end of the fixing window and an increase in working cargoes. A position list showed fewer than five prompt tankers available last Tuesday, and around 30 tankers available in the May 10-16 fixing window. The majority of available tankers were shown opening in the latter half of the window, most ballasting…
WORLD COMMODITIES TRADING World oil prices mostly steady Oil prices were mostly steady on Friday, ending the week slightly lower as trade tensions stoked by a US move to hike tariffs on Chinese goods overshadowed tightened global supplies and expectations of rising US refining demand. Brent crude oil settled 23 cents, or 0.4%, higher at $70.62 a barrel, but posted a weekly loss of 0.3%. US West Texas Intermediate (WTI) crude futures ended 4 cents lower at $61.66, with a weekly loss of 0.5%. After a volatile week, investors were worried over the possibility of a protracted and bitter US-China…
The right Organization The only things that evolve by themselves in an organization are disorder, friction, mal performance. The pioneers of management a century ago were right: organizational structure is needed. The modern enterprise needs organization. But the pioneers were wrong in their assumption that there is – or should be – one right organization. Instead of searching for the right organization, management needs to learn to look for, to develop, to test, the organization that fits the task. There are some “principles” of organization. One is that organization has to be transparent. People have to know and have to…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Liquid Foreign Exchange Reserves In Pakistan (Million Us$) Week-End Levels End Period Net Reserves With Sbp Net Reserves With Banks Total Liquid Fx Reserves 30-Nov-18 7,502.1 6,494.0 13,996.1 7-Dec-18 7,260.4 6,493.5 13,753.9 14-Dec-18 8,048.4 6,536.2 14,584.6 21-Dec-18 7,457.3 6,560.5 14,017.8 28-Dec-18 7,287.5 6,550.3 13,837.8 4-Jan-19 7,048.7 6,548.3 13,597.0 11-Jan-19 6,901.2 6,588.0 13,489.2 18-Jan-19 6,636.1 6,621.1 13,257.2 25-Jan-19 8,154.3 6,648.2 14,802.5 1-Feb-19 8,192.5 6,692.6 14,885.1 8-Feb-19 8,205.9…
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 (May 03 2019) Currency Symbol Buying Selling Australian Dollar AUD 99.5 100 Bahrain Dinar BHD 375 377 Canadian Dollar CAD 106 106.5 China Yuan CNY 20.95 21.1 Danish Krone DKK 20.95 21.25 Euro EUR 158 158.5 Hong Kong Dollar HKD 17.95 18.2…
Interest Rate Structure In Pakistan (%) w.e.f. SBP Reverse Repo Rate SBP Repo Rate SBP Policy (Target) Rate SBP Repo Rate End User Export Finance Scheme Rate Rate of Remuneration on FE-25 CRR w.e.f. Rate w.e.f. Rate 17-Nov-14 9.50 7.00 – 10-Jan-10 7.5 Apr-18 0.88 26-Jan-15 8.50 6.00 – 1-Apr-10 8.0 May-18 0.91 24-Mar-15 8.00 5.50 – 31-Jul-10 8.5 Jun-18 1.00 25-May-15 7.00 5.00 6.50 1-Oct-10 9.0 Jul-18 1.09 14-Sep-15 6.50 4.50 6.00 1-Jan-11 10.0 Aug-18 1.08 23-May-16 6.25 4.25 5.75 10-Sep-12 8.5 Sep-18 1.11 29-Jan-18 6.50 4.50 6.00 1-Jan-13 8.3 Oct-18 1.26 28-May-18 7.00 5.00 6.50 1-Feb-13 8.2 Nov-18…
In the shaping of economic growth of any country, researchers revealed that external debt plays both an optimistic as well as pessimistic role mainly in the developing countries. It is useful when any government uses external debt for investment-oriented projects like infrastructure, energy, and agricultural sector. Furthermore, external debt would affect negatively when it is utilized for private and public consumption purposes, which do not bring any return. Moreover, a low level of external debt impacts economic growth positively, but this relationship becomes negative at a higher level. Pakistan is also in one of those developing countries which have a…
Many studies revealed that the impact of taxation on economic growth, given that the problem of taxation and economic growth are at the heart of macroeconomic strategies. Presently the Government of Pakistan has enjoyed some economic growth, mainly on the back of the China-Pakistan Economic Corridor (CPEC), while security has enhanced and more reliable power supply should aid investment. But the deep-seated problem is tax avoidance in the country. Different experts recorded that the Government of Pakistan and IMF have been unable to sort out differences over the fiscal policy due to the latter’s demand that the federal tax collection…
STOCK EXCHANGES AROUND THE WORLD US stocks in broad-based rally US stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates. The Nasdaq registered a record high close, while the S&P 500 ended just shy of a record high finish. The Labor Department said employers added 263,000 jobs in April, which blew past expectations, and the unemployment rate dropped to 3.6 percent, the lowest level since December 1969. Average hourly earnings came in just shy of expectations, indicating muted…
WORLDWIDE SHIPPING INDUSTRY Fujairah stockpiles climb to record on 11pc jump in light distillates Oil product inventories in the Fujairah trading hub rose 2 percent week on week to a record 25.749 million barrels, led by an 11 percent jump in gasoline and other light distillates, data released Wednesday by the Fujairah Oil Industry Zone at the city’s port showed. Light products inventories jumped to 11.975 million barrels, the highest since January 28, and exceeding the total for marine fuel and other heavy residues for the first time since April 1, the data showed. Heavy residues stockpiles dropped 5.2percent to…
WORLD COMMODITIES TRADING World oil prices end week on lower note Oil prices inched up on Friday as strong US economic data boosted demand sentiment and as production losses in sanctions-hit Iran and Venezuela tightened the market. Still, oil futures recorded weekly declines after a jump in US crude inventories reported this week. Brent crude oil futures settled at $70.85 a barrel, rising 10 cents. The global benchmark shed 2.6% for the week, breaking a five-week winning streak. US West Texas Intermediate (WTI) crude futures closed at $61.94 a barrel, up 13 cents, while losing about 3% percent during the…
How to Use Objectives Objectives are not fate; they are not direction. If objective are only good intentions, they are worthless. They must degenerate into work. And work is always specific, always has – or should have – clear, unambiguous, measurable results, a deadline, and a specific assignment of accountability. But objectives that become a straitjacket do harm. Objectives are always based on expectations. And expectations are, at best, informed guesses. The world does not stand still. The proper way to use objectives is the way an airline uses schedules and flight plans. The schedule provides for the 9AM flight…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Exports & Imports Of Goods & Services In Pakistan (Million US$) Description Aug Sep Oct Nov Dec Jan FebR MarP FY19 FY19 FY19 FY19 FY19 FY19 FY19 FY19 Goods and Services Balance (A-B) -2,780 -2,155 -2,858 -2,658 -2,941 -2,343 -1,762 -2,341 1. Goods – Export (FOB) 2,072 1,801 2,059 1,893 2,004 2,272 1,869 2,026 2. Exports of Services 440 418 464 384 470 455 414 469…
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 ( Apr 26 2019) Currency Symbol Buying Selling Australian Dollar AUD 98.75 99.25 Bahrain Dinar BHD 375 377 Canadian Dollar CAD 105.5 106.25 China Yuan CNY 20.95 21.1 Danish Krone DKK 20.9 21.2 Euro EUR 158.2 158.7 Hong Kong Dollar HKD 17.95…
Sector Wise Net FDI In Pakistan ($ Million) Country 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Mar 2019 Oil & Gas 629.4 559.6 502 300.5 248.9 146 372 253.2 Financial Business -84.9 26.8 71.4 282.2 1,159.20 700 400.3 247.6 Textiles 64.4 314.2 192.8 256.4 289 296.1 49.7 53.8 Trade 72.1 47.7 28.8 53.5 46.7 465.9 143 60.3 Construction 41.4 513.7 106.3 94.6 -14.1 533.3 708.9 385.4 Power 18.7 44.1 2.7 6.2 70.2 57.6 1,203.00 -293.7 Chemicals 96.3 -47.1 94.9 60.3 88.5 5.4 48.9 113.9 Transport 25.3 5.1 -3.2 50.5 26.8 32.7 56.9 30 Communication (IT&Telecom) 31.6 25.1 53.1 64.3 46.2…
According to the Transparency International, Pakistan has made a slight improvement in the ‘Corruption Perceptions Index 2018’ with a score of 33 though its overall ranking among 180 states has remained unrest. Statistics also showed that Pakistan with a score of 32 on a scale of zero (highly corrupt) to 100 (very clean) had ranked 117 out of 180 states in 2018. According to the Transparency International, the country’s ranking showed considerable improvement during the 5-year term of the last government as it jumped 10 positions from 127 to 117. But the ranking has failed to enhance since 2016. Economists…
The developing economies like Pakistan, which has a small economy, exports are limited to few main commodities/products and also concentrated too few markets, a large import bill and an ever rising the size population to feed, has poorly hit by inflation. The rapidly rising inflation has disturbed all segments of the society. As it has become one of the top most burning challenges in our economy. The experts highlighted that one main source of inflation is a rise in import prices. the government may control inflation by curtailing dependence on external factors like reducing unnecessary imports. The Pakistan Bureau of…
STOCK EXCHANGES AROUND THE WORLD US stocks indexes slightly higher Wall Street’s three major indexes rose slightly on Friday as Intel’s weak results put the technology sector under pressure and the energy index tumbled along with the price of oil and mixed first-quarter GDP data gave investors some pause. Dragging down the three main indexes was Intel Corp, which slumped 10.4% after it cut its full-year revenue forecast and missed the sales estimate for its key data center business in its quarterly report late Thursday. Before the market open, US Commerce Department data showed gross domestic product rising faster than…
INTERNATIONAL SHIPPING INDUSTRY Global ship orders fall to lowest level in 15 years Ship orders world-wide have shrunk to the lowest level in 15 years as vessel owners struggle with excess capacity that has kept freight rates well below break-even levels. There were 3,200 vessels of a combined 81 million gross tons ordered globally in the first quarter, the lowest figure since 2004, marine data provider Clarksons PLC quoted as saying in a report released Friday. “The global order book has declined to its lowest level since the early stages of the shipbuilding boom,” George Warner of Clarksons Research said.…
WORLD COMMODITIES TRADING World oil tumbles 3pc Oil prices fell 3% on Friday after US President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices. Traders said Trump’s comments, despite lacking specifics, were enough of a catalyst to spur investors to take profits after a long bull run that had pushed prices to six-month highs. Brent crude futures settled at $72.15 a barrel, down $2.20, or 3 percent. West Texas Intermediate crude ended at $63.30 a barrel, down $1.91, or 2.9 percent. Brent was flat on the week after rallying…
Long-Range Planning The future will not just happen if one wishes hard enough. The future requires decisions – now. It imposes risk – now. It requires action – now. It demands allocation of resources, and above all, of human resources – now. It requires work – now. The idea of long-range planning – and much of its reality – rests on a number of misunderstandings. The long range is largely made by short-run decisions. Unless the long range is built into, and based on, short-range plans and decisions, the most elaborate long-range plan will be an exercise in futility. And…
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] Monetary Aggregates 1) Broad Money (M2) (Stocks in Million Rupees) Components 15-Mar-19 22-Mar-19 29-Mar-19 5-Apr-19 12-Apr-19 A. Currency in Circulation 4,803,669 4,774,906 4,722,805 4,824,217 4,848,778 B. Other Deposits with SBP 27,434 27,524 27,406 27,361 28,666 C. Total Deposits with Banks 11,748,056 11,699,955 12,097,339 11,858,331 11,775,859 Broad Money (M2) (A+B+C) 16,579,159 16,502,386 16,847,550 16,709,909 16,653,303 Factors Affecting Broad Money (M2) A. Net Foreign Assets of the Banking…
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 ( Apr 19 2019) Currency Symbol Buying Selling Australian Dollar AUD 101.25 102 Bahrain Dinar BHD 375 377 Canadian Dollar CAD 105.5 106.25 China Yuan CNY 21.05 21.2 Danish Krone DKK 21.1 21.4 Euro EUR 159.5 160 Hong Kong Dollar HKD 17.95…
Average Sector Wise Natural Gas Consumption (July-Feb FY 2018) Sector Gas Consumption in MMCFD RLNG Total Power 936 401 1,337 Domestic 860 – 860 Commercial 88 – 88 Transport (CNG) 138 53 191 Fertilizer 613 7 620 General Industry 570 171 741 Total 3,205 632 3,837 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″]