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 Jul Aug Sep Oct Nov Dec JanR FebP FY19 FY19 FY19 FY19 FY19 FY19 FY19 FY19 Goods and Services Balance (A-B) -4,002 -2,780 -2,155 -2,858 -2,658 -2,941 -2,343 -1,849 1. Goods – Export (FOB) 2,012 2,072 1,801 2,059 1,893 2,004 2,272 1,862 2. Exports of Services 431 440 418 464 384 470 455…
Author: S. Kamal Hayder Kazmi
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 ( Mar 22 2019) Currency Symbol Buying Selling Australian Dollar AUD 99 101 Bahrain Dinar BHD 371.5 373.5 Canadian Dollar CAD 103.75 104.75 China Yuan CNY 20.8 20.95 Danish Krone DKK 21.15 21.45 Euro EUR 157 157.75 Hong Kong Dollar HKD 17.75…
Pakistan’s External Debt Servicing -Principal (Million US $ ) ITEM Jan-Mar 17 Apr-June 17 Jul-Sep 17 Oct-Dec 17 Jan-Mar 18 Ap-June 18 Jul-Sep 18 Oct-Dec 18 1. Public debt (a+b+c) 1,138 1,688 904 572 612 616 861 607 a. Government debt 1,138 1,688 904 572 569 573 777 565 Paris club 26 258 25 269 27 289 25 289 Multilateral 356 256 393 272 404 247 412 254 Other Bilateral 617 55 78 10 82 12 140 22 Euro/Sukuk global bonds 0 750 0 0 0 0 0 0 Local Currency Securities (PIBs) 0 0 0 0 0 0 Military…
According to the State Bank of Pakistan (SBP) the foreign exchange reserves held by the central bank grew 8.81 percent on a weekly basis. Earlier, the reserves had spiraled downwards, declining below the $7-billion mark, which grew concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from the United Arab Emirates (UAE) and Saudi Arabia assisted shore up the foreign exchange reserves. The economists believed that foreign exchange reserves are no doubt significant assets of any country because they are considerably affected through exchange rate policy, monetary policy, regulations, external instability and the impact of the crisis…
Economists noted that during the last three decades, Pakistan received a significant amount of workers’ remittances, which are sent by millions of Pakistanis working in the international markets. For capital deficient countries, like Pakistan, they have stated that workers’ remittances are considered to be a major source of foreign exchange for any economy. These remittances have an optimistic impact on our economy by enhanced balance of payments situation and reduced dependence on external borrowing. These significant flows of remittances also assisted the country recover from the adverse effects of oil price shocks, declined in the unemployment issue, and enhanced standard…
STOCK EXCHANGES AROUND THE WORLD US indexes extend losses Wall Street’s main indexes extended losses on Friday after the United States joined the euro zone in reporting weak manufacturing activity last month, fueling fears of a slowing global economy. US manufacturing sector Flash Purchasing Managers’ Index (PMI) came in at 52.5 in March, well below the estimates of 53.6, according to economists polled by Reuters. German manufacturing contracted further in March, showing its lowest reading since June 2013, while factory activity across the euro zone looked equally dismal. The Federal Reserve on Wednesday abandoned projections for any interest rate hikes…
INTERNATIONAL SHIPPING INDUSTRY UK hydrographic office works with Seychelles govt to help tackle piracy in the Indian ocean The UK Hydrographic Office (UKHO) has presented Security of Navigation, Stabilisation Advice and Training (SONSAT) to the Ministry of Foreign Affairs of the Republic of Seychelles on behalf of the UK Government’s Foreign and Commonwealth Office (FCO). Funded by the UK Government’s Conflict, Stability and Security Fund (CSSF), the bespoke training is designed to strengthen maritime security and safety of navigation in the Indian Ocean by helping Seychelles to share vital maritime safety information with ships and partners in the region. Piracy…
WORLD COMMODITIES TRADING Oil prices near 2019 highs Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by US sanctions against Iran and Venezuela. Brent crude oil futures were at $67.82 per barrel at 0122 GMT, down 4 cents from their last close but within a dollar of the $68.69 per barrel 2019-high marked the day before. US West Texas Intermediate (WTI) futures were at $60 per barrel, virtually unchanged from their last settlement and not far off their 2019 peak of $60.39 touched on…
Organize Dissent The effective decision-maker organizes dissent. Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views, the dialogue between different points of view, the choice between different judgments. The first rule in decision making is that one does not make a decision unless there is disagreement. • Alfred P. Sloan, Jr., is reported to have said at a meeting of one of the GM top committees, “Gentlemen, I take it we are all in complete agreement on the decision here.” Everyone…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Production of selected large-scale manufacturing items (during Jul – Jan) Items Weights Adjusted Weights Percentage Change FY19 FY18 Textile 20.91 29.74 -0.25 0.66 Cotton Yarn 12.96 18.43 0.02 0.06 Cotton Cloth 7.19 10.22 0.08 0.03 Jute Goods (Total) 0.33 0.47 -10.73 50.70 Woollen & carpet yarn 0.33 0.47 -3.92 25.09 Woolen & worsted cloth 0.09 0.12 -46.55 25.40 Knitting wool 0.01 0.02 -5.94 -6.37 Woolen blankets 0.00…
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 (15.3.2019) Currency Symbol Buying Selling Australian Dollar AUD 98.5 99.7 Bahrain Dinar BHD 370.5 372.5 Canadian Dollar CAD 103.75 104.75 China Yuan CNY 20.7 20.85 Danish Krone DKK 20.95 21.25 Euro EUR 157.25 158.25 Hong Kong Dollar HKD 17.7 17.95 Indian Rupee…
Women Empowerment In Pakistan Fatima Jinnah Ra’ana Liaquat Ali Khan Amjadi Begum Benazir Bhutto Syeda Ghulam Fatima Marium Mukhtar Muniba Mazari Samya Arif Dr Nergis Mavalvala Fiza Farhan Sharmeen Obaid Chinoy Rukhsana Parveen Minhal Sohail Ikra Saleem Khan Shazia Perveen Malala Yousafzai Nergis Mavalvala Samina Baig Zenith Irfan Twinkle Sohail Namira Saleem Ms. Naushaba Shahzad, President & CEO (Acting), FWBL Sofia Javed Hina Rabbani Khar [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” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″]
Various studies revealed that women play a very important role in any state and even they are central to the democratic and economic development and their empowerment, equal status and effective participation in social, political and economic spheres is vital to moving democracy, good governance and development forward. The Finance Ministry, Government of Pakistan officials also recorded that in Pakistan, women constitute about 49 percent of country’s population. Vision 2025 includes Gender Equality and Women Development as a significant element and recognizes as a main contributor to Pakistan’s economic future. The Government of Pakistan is committed to meet the Sustainable…
The experts have recorded that innovation and technology no doubt offer extraordinary opportunities, yet trends show a rising gender in the digital divide and women are under-represented in the field of science, technology, engineering, mathematics, and design as well. It prevents them from developing and influencing gender-responsive innovations to attain transformative gains for society. They have also explained that from mobile banking to artificial intelligence and the internet of things, it is important to note that women’s ideas and experiences equally influence the design and implementation of the innovations that shape our future societies. In the developing countries like Pakistan…
KSE-100 dives 502 points as investors offload stocks Bears dominated the stock market on Friday as the KSE-100 index shed over 500 points following fresh projection of economic slowdown and in the absence of major positive triggers. The index went down as Fitch Solutions, in a research note, anticipated that Pakistan’s economic growth would slow down to 4.1percent of gross domestic product (GDP) in FY20 coupled with reports of cancellation of $3.2 billion worth of oil facility from the United Arab Emirates (UAE). Overall, trading volumes increased to 129.47 million shares compared with Thursday’s tally of 85.9 million. The value…
New supertankers carrying gasoil west hits record Ship builders in Asia are sending a record number of supertankers west carrying middle distillate oil products, such as diesel, data intelligence firm Vortexa quoted as saying on Thursday, adding more volumes might follow. Very large crude carriers (VLCC) often carry refined, or clean, oil products on their maiden journey before switching to crude oil. Vortexa pointed to data showing 15 VLCCs have already been delivered this year and a further eight were expected by the end of March. This activity coincided with falling middle distillates stocks in Europe and rising stocks in…
US oil eases on soaring production US crude futures eased slightly on Friday after hitting a 2019 high, as worries about the global economy and robust US production put a brake on prices. West Texas Intermediate (WTI) crude oil futures settled down 9 cents at $58.52 a barrel, having hit their highest so far this year at $58.95. Brent crude futures settled down 7 cents at $67.16 a barrel, below their 2019 peak of $68.14 reached on Thursday. US crude ended the week 4.1 percent higher, and Brent was up 1.9 percent. The Organization of the Petroleum Exporting Countries and…
Organize Dissent The effective decision-maker organizes dissent. Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views, the dialogue between different points of view, the choice between different judgments. The first rule in decision making is that one does not make a decision unless there is disagreement. • Alfred P. Sloan, Jr., is reported to have said at a meeting of one of the GM top committees, “Gentlemen, I take it we are all in complete agreement on the decision here.” Everyone…
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] Economy Of Pakistan Overview Last Reference Previous GDP Annual Growth Rate (%) 5.79 Dec/17 5.37 Unemployment Rate (%) 5.9 Dec/17 5.9 Inflation Rate (%) 8.21 Feb/19 7.19 Interest Rate (%) 10.25 Feb/19 10.25 Balance of Trade (PKR Million) -317370 Feb/19 -341272 Current Account (USD Million) -4082 Dec/18 -3665 Current Account to GDP (%) -4.7 Sep/18 -6.1 Government Debt to GDP (%) 67.2 Dec/17 66.5 Government Budget…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Open Market Currency Rates In Pakistan (Rs) (8.03.2019) Currency Symbol Buying Selling Australian Dollar AUD 97 98 Bahrain Dinar BHD 370.5 372.5 Canadian Dollar CAD 102.5 103 China Yuan CNY 20.7 20.85 Danish Krone DKK 20.75 21.05 Euro EUR 154.5 155 Hong Kong Dollar HKD 17.7 17.95…
Cement Industry In Pakistan (Operational Units Data) July to June Production Capacity (Mn. Tones) % age Incr/(Dec) Local Despatches (Mn. Tones) % age Incr/(Dec) Exports (Mn. Tones) % age Incr/(Dec) Total Despatches (Mn. Tones) % age Incr/(Dec) (Total) Capacity Utilization % age Surplus Capacity (Mn. Tones) 1990-1991 8.89 0.00% 7.29 0.00% – 0.00% 7.29 0.00% 81.99% 1.60 1991-1992 8.89 0.00% 7.71 5.79% – 0.00% 7.71 5.79% 86.74% 1.18 1992-1993 8.89 0.00% 8.32 7.94% – 0.00% 8.32 7.94% 93.62% 0.57 1993-1994 9.05 1.77% 8.14 -2.26% – 0.00% 8.14 -2.26% 89.92% 0.91 1994-1995 10.17 12.43% 8.38 3.00% – 0.00% 8.38 3.00%…
According to the world steel association, the world crude steel production for the 64 countries was recorded 146.7 million ton (mt) during January 2019, a 1.0 percent rise as against to January 2018. Furthermore, the country-wise statistics also recorded that China’s crude steel production for January 2019 was 75.0 mt a rise of 4.3 percent as against to January 2018. India produced 9.2 mt of crude steel in January 2019, down 1.9 percent in January 2018. Japan produced 8.1 mt of crude steel during January 2019, down 9.8 percent in January 2018. South Korea’s crude steel production reached at 6.2…
Cement industry experts revealed in their statistics that Pakistani cement exports have remained robust despite a decline in local sales and a 200 percent tariff rise and cancellation of orders from India. This industry dispatched 3.325mt during February 2019 as compared to dispatches of 3.78mt in February 2018. Therefore, local consumption contracted by 19.1 percent Year on Year (YoY) basis. However, total exports from Pakistan grew by a healthy 69.1 percent YoY during February. The experts also recorded that the industry exported 0.508mt of clinker and cement during February 2019 as compared to exports of 0.301mt in the corresponding month…
US stocks keep losing streak Wall Street’s main indexes fell for a fifth straight session on Friday and posted their biggest weekly declines since the market tumbled at the end of 2018, as a weak US jobs report ignited more concerns about the global economy. But Friday’s declines were only slight. Stocks significantly pared losses late in the day as investors reassessed the employment report and considered whether the market’s recent slump was ending. The eventful session came as some Wall Street watchers prepared to celebrate the 10-year anniversary of the start of the S&P 500’s bull market run that…
Cold streak persists as investors jittery over economic ambiguity During the week ended 8th March 2019, the benchmark index of Pakistan Stock Exchange (PSX) declined by 1.5%WoW, extending the losing streak to five weeks. The total liquid foreign exchange reserves held by Pakistan were reported at US$14,956.2million on 1st March 2019. Reserves held by State Bank of Pakistan (SBP) were reported at US$8,116.5 million and net reserves held by commercial banks at US$6,839.7 million. Reserves held by SBP increased by US$80 million. The investors remained on the sidelines as uncertainty emanating from Indo-Pak confrontation as well as sector specific impact…
Asian lpg premiums surge on supply tightness, houston shipping delays Asian LPG premiums have ballooned amid supply tightness in the region for March and April deliveries, market sources said Wednesday. The spread for H1 April CFR Japan physical propane to the FOB Saudi Arabia CP April propane swap has averaged $18/mt to date this month, S&P Global Platts data showed. This is sharply higher than the whole month average spread for March CFR Japan physical propane to the FOB Saudi Arabia CP March propane swap of $12.83/mt, according to Platts data. The H1 April CFR Japan physical propane premium was…
World oil falls on weaker demand, slow economy Oil prices fell about 1 percent on Friday after disappointing US job growth revived concerns about a slowing global economy and weaker demand for oil. With surging US oil supply also unsettling markets, Brent crude futures fell 56 cents, 0.8 percent, to settle at $65.74 a barrel. The international benchmark gained 1 percent for the week. US West Texas Intermediate (WTI) crude futures fell 59 cents, or 1 percent, to settle at $56.07 a barrel. WTI still ended 0.5 percent higher for the week, however. US job growth almost stalled in February,…
The Right Compromise “Half a loaf is better than no bread.” One has to start out with what is right rather than what is acceptable (let alone who is right) precisely because one always has to compromise in the end. But if one does not know what is right to satisfy the specifications and boundary conditions, one cannot distinguish between the right compromise and the wrong compromise —and will end up by making the wrong compromise. There are two different kinds of compromise. One kind is expressed in the old proverb, “Haifa loaf is better than no bread.” The other…
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 Oct-18 Nov-18 Dec-18 Jan-19 1. Non Resident Deposits 183,948 205,731 191,613 204,647 2. Resident (I+II+III+IV+V+VI+VII) 12,368,777 12,535,294 12,985,220 12,728,224 I. Government (Including Federal, Provincial & Local) 1,807,634 1,854,839 1,946,293 1,935,064 II. Non-Financial Public Sector Enterprises (NFPSE) 759,968 774,534 742,722 691,962 III. Non-Bank Financial Institutions (NBFIs) 295,508 344,429 457,351 397,586 IV. Private Sector (Business) 2,912,294 2,911,114 2,900,898…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Open market currency rates in Pakistan (1-03-2019) (Rs) Currency Symbol Buying Selling Australian Dollar AUD 97.5 99 Bahrain Dinar BHD 370 372 Canadian Dollar CAD 104 105 China Yuan CNY 20.75 20.9 Danish Krone DKK 21.05 21.35 Euro EUR 156 157 Hong Kong Dollar HKD 17.7 17.95…
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The Pakistan Bureau of Statistics (PBS) calculated that the Consumer Price Index (CPI) general rose by 7.2 percent on year-over-year (YoY) basis during January 2019 as against to a rise of 6.2 percent in the last month and 4.4 percent during January 2018. On month-on-month (MoM) basis, it grew by 1.0 percent during January 2019 as against to a decline of 0.4 percent in the last month and no change in January 2018. The report also showed that the core inflation measured by non-food non-energy CPI (Core NFNE) grew by 8.7 percent on YoY basis in January 2019 as against…
Agricultural statistics revealed that Pakistan is an agriculture-based economy, where majority of the population directly or indirectly depends on this sector. Agriculture has been a big source of foreign exchange earnings, but unhappily this sector has been neglected, forcing people to migrate from rural to urban areas for career opportunities. Statistics revealed that agriculture contributes 18.9 percent to the GDP and employs 42.3 percent of the labour force. It is also registered that the sub-sectors of agriculture, which include minor crops, livestock, fisheries and forestry, have the potential to increase growers’ earnings by ensuring the export of surplus stocks to…
US stocks end 3-day run of losses The S&P 500 and the Dow Jones Industrial Average snapped a three-day run of losses on Friday as optimism about the prospects for a US-China trade agreement countered downbeat US and China manufacturing data. The Nasdaq meanwhile marked its longest streak of weekly gains since late 1999. The Dow Jones Industrial Average rose 110.32 points, or 0.43 percent, to 26,026.32, the S&P 500 gained 19.2 points, or 0.69 percent, to 2,803.69 and the Nasdaq Composite added 62.82 points, or 0.83 percent, to 7,595.35. Friday marked the first close above 2,800 for the S&P…
Ships with scrubbers must lock in high sulfur fuel oil needs to avoid supply hassles Shipowners with scrubber-equipped vessels may face challenges securing fuel unless they lock in their requirements well ahead of the new low sulfur emission limits on bunkers that apply from 2020, a senior industry executive quoted as saying last week. Large volumes of high sulfur fuel oil will be available next year but not all bunker suppliers will be willing to store, move and supply it, Douglas Raitt, Regional Consultancy Manager with Lloyd’s Register Asia, said at the MARE Shipping Forum in Singapore. Lloyd’s Register is…
World oil prices settle 2pc lower Oil prices settled down about 2 percent on Friday, ending around 3 percent lower on the week as concerns over global demand growth after weak US manufacturing data overshadowed OPEC-led supply cuts and sanctions on Venezuela and Iran. US West Texas Intermediate crude (WTI) futures fell $1.42, or 2.5 percent, to settle at $55.80 per barrel, after hitting $57.88, its highest since mid-November. Global benchmark Brent crude futures for May settled $1.24, or 1.9 percent, lower at $65.07 a barrel. Despite hitting their highest levels since mid-November this week, Brent futures ended the week…
Harmonize the Immediate Long-range Future A manager must, so to speak, keep his nose to the grindstone while lifting his eyes to the hills-quite an acrobat feat. A manager has two specific tasks. The first is creation of a true whole that is larger than the sum of its parts, a productive e more than the sum of the resources put into it. The second specific task of the manager is to harmonize in every decision and actions the requirements of the immediate and of the long-range future. A manager cannot sacrifice either without endangering the enterprise. If a manager…
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]
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Open Market Currency Rates In Pakistan (Rs) Currency Symbol Buying Selling Australian Dollar AUD 98.5 99.25 Bahrain Dinar BHD 370 372 Canadian Dollar CAD 104 104.75 China Yuan CNY 20.7 20.85 Danish Krone DKK 21 21.3 Euro EUR 156 156.5 Hong Kong Dollar HKD 17.7 17.95 Indian…
Credit/Loans Classified By Borrowers In Pakistan (Million Rupees) Description Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 1. Credit to Government Sector (A+B) 9,984,823 10,140,417 10,308,153 10,301,962 10,524,413 10,777,765 A. SBP Credit to Government Sector (Net) 3,691,562 4,693,098 5,116,461 6,317,977 6,658,908 4,850,737 B. Scheduled Banks Credit to Government Sector (Net) 6,293,260 5,447,320 5,191,692 3,983,986 3,865,506 5,927,028 2. Credit to Non Government Sector (A+B) 6,944,332 7,000,282 7,075,422 7,168,920 7,364,936 7,589,703 A. SBP Credit to Non Govt. Sector 24,707 25,306 25,694 26,017 26,104 26,113 B. Scheduled Banks Credit to Non Govt. Sector (I+II+III) 6,919,626 6,974,976 7,049,728 7,142,903 7,338,832 7,563,589 I. Credit to PSEs 1,315,802…
Many economic experts mention that the Small and Medium Enterprises (SME) sector is contributing 30 percent towards Pakistan’s GDP, employ greater than 80 percent of non-agricultural workforce and generate 25 percent in export earnings. Thus, SME sector has huge potential for employment generation and poverty alleviation. However, unlike large enterprises in the formal sector, a SME is constrained by financial and other resources. This inherent characteristic of an SME makes it imperative that there should be a procedure by which it may get support in dissimilar functions of business counting technical upgradation, marketing, financial and human resource training & development.…
The State Bank of Pakistan (SBP) stated that the network of Islamic banking industry comprised of 21 Islamic banking institutions such as; 5 full-fledged Islamic banks (IBs) and 16 conventional banks having standalone Islamic banking branches (IBBs) by end September, 2018. SBP also recorded that the branch network of Islamic banking industry was posted at 2,709 (spread across 111 districts) by close September, 2018. Province/Region wise breakup of branches explained that Punjab and Sindh jointly accounted for 77.2 percent share in overall Islamic banking industry ’s branch network. The number of Islamic banking windows operated through conventional banks having standalone…
US stocks up as tech shares up on trade talks hope US. stocks rose on Friday, as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China. Top trade negotiators from the two countries met to wrap up a week of talks on some of the thorniest issues in their trade war, with President Donald Trump and Chinese Vice Premier Liu He set to meet at the Oval Office later in the day. Stocks have largely risen this week on hopes of a trade deal, but a batch of weak data…
UAE eases Qatar shipping ban The United Arab Emirates has eased a ban on the shipping of goods between it and Qatar enforced under a political and economic boycott of Doha, according to port circulars and an industry source. An Abu Dhabi Ports circular dated Feb. 12 canceled previous directives that banned cargoes of Qatar origin from UAE waters and ports and those of UAE origin from Qatar. It maintained a ban on vessels flying the Qatar flag, owned by Qatari shipping firms or nationals. An industry source quoted as saying last week that the circular applied to all ports in…
World oil prices touch 2019 highs Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that US-China trade talks would soon produce a deal, although new record US oil supply limited gains. Brent crude futures briefly reached $67.73 a barrel, their 2019 high. The global benchmark fell 5 cents to settle at $67.12 a barrel. Brent gained 1.2 percent on the week. US West Texas Intermediate (WTI) crude futures gained 30 cents to settle at $57.26 per barrel, after hitting $57.81 earlier on Friday, also their…
Pursuing Perfection “The Gods can see them.” The greatest sculptor of ancient Greece, Phidias, around 440 bc made the statues that to this day, 2,400 years later, still stand on the roof of the Parthenon in Athens. When Phidias submitted his bill, the city accountant of Athens refused to pay it. “These statues stand on the roof of the temple, and on the highest hill in Athens. Nobody can see anything but their fronts. Yet, you have charged us for sculpturing them in the round, that is, for doing their backsides, which nobody can see.” “You are wrong,” Phidias retorted.…
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. Economy Of Pakistan Details Last Reference Previous Currency 139 Feb/19 139 Stock Market (points) 40002 Feb/19 40279 Government Bond 10Y (%) 13.07 Feb/19 13.07 GDP Annual Growth Rate (%) 5.79 Dec/17 5.37 Unemployment Rate (%) 5.9 Dec/17 5.9 Inflation Rate (%) 7.19 Jan/19 6.17 Interest Rate (%) 10.25 Jan/19 10 Balance of Trade (PKR Million) -341272 Jan/19 -327232 Current Account (USD Million) -4082 Dec/18 -3665 Current Account to…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Open Market Currency Rates In Pakistan (Rs) Currency Symbol Buying Selling Australian Dollar AUD 98.5 99.25 Bahrain Dinar BHD 370 372 Canadian Dollar CAD 104.25 105.25 China Yuan CNY 20.55 20.7 Danish Krone DKK 20.85 21.15 Euro EUR 156.25 157 Hong Kong Dollar HKD 17.7 17.95 Indian…
Pakistan Super League- 2019 Team M W L T N/R PT NRR For Against 1. Islamabad United 1 1 0 0 0 2 0.605 177/19.2 171/20.0 2.Quetta Gladiators 1 1 0 0 0 2 0.436 161/19.4 155/20.0 3.Karachi Kings 1 1 0 0 0 2 0.35 183/20.0 176/20.0 4.Multan Sultans 1 0 1 0 0 0 -0.35 176/20.0 183/20.0 5.Peshawar Zalmi 1 0 1 0 0 0 -0.436 155/20.0 161/19.4 6.Lahore Qalandars 1 0 1 0 0 0 -0.605 171/20.0 177/19.2 Source: ESPNcricinfo.com [divider style=”normal” top=”20″ bottom=”20″] Pakistan Super League- 2018 Team M W L T N/R PT NRR For…
In Pakistan, the Pakistan Cricket Board (PCB) is the governing body for cricket. The board is also accountable for the promotion and expansion of the game through its associate and affiliate members throughout Pakistan. Its responsibilities include management of the game at the highest level and the organization of various local tournaments at the national level. An official source mentions that the PCB also administers the system that offers the maintenance of discipline amongst the constituent members and, by the constituent members, overall cricketing bodies and individuals under their control. The board is also accountable for coordinating activities in respect…
The International Cricket Council (ICC) is the international federation accountable for the worldwide governance of the sport of cricket, most notably the holding of World Cups. The ICC is engaged to ensuring that wherever cricket is played, it can be enjoyed by all players, player support personnel, officials, spectators, commercial partners and others regardless of their respective backgrounds. Particularly, the officials of ICC strives to make sure that all such participants can enjoy the sport without being the subject of conduct such as offensive, insulting, humiliating or intimidating on the basis of race, religion, culture, colour, descent, and/or national or…
US stocks rally on trade hope with China Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war. All three major US indexes ended the session higher, and for the fourth straight session, the S&P 500 held above its 200-day moving average, a key technical level. Talks between the United States and China will resume in Washington next week, with both sides saying progress has been made toward resolving the two countries’ contentious…
Trade spats could dampen shipping growth this year An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany’s Hapag Lloyd said. “Many customers tried to get their goods through to the US ahead of time in second half 2018, creating additional growth,” Rolf Habben Jansen, chief executive of the company that is the world’s fifth biggest shipping liner, quoted as saying in Hamburg on Tuesday. However, with European activities being relatively stable, a direct crisis was not on…
World oil prices rise to this year highs Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia’s offshore oilfield boosted expectations for tightening supply, while progressing US-Sino trade talks strengthened demand sentiment. The international Brent crude benchmark rose $1.68, or 2.6 percent, to settle at $66.25 a barrel, its highest since November. US West Texas Intermediate crude futures settled up $1.18, or 2.2 percent, at $55.59 a barrel, and hit their highest this year in post-settlement trade at $55.80. For the week, Brent ended more than 6 percent higher…
Controls for Nonmeasurable Events A balance between the measurable and the nonmeasurable is a central and constant problem of management. Business, like any other institution, has important results that are incapable of being measured. Any experienced executive know companies or industries that are bound for extinction because they cannot attract or hold able people. This, every experienced executive also knows, is a more important fact about a company or an industry that last year’s profit statement. Yet the statement cannot be defined clearly let alone “quantified.” It is anything but “intangible”; it is very “tangible” indeed. It is just nonmeasurable.…
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] Other Depository Corporations Survey* (Million Rupees) Item 18-Aug 18-Sep 18-Oct 18-Nov 18-Dec Net foreign assets -122,120 -143,668 -134,217 -206,015 -207,619 Claims on nonresidents 488,483 464,747 500,329 498,622 494,604 less: Liabilities to nonresidents 610,603 608,415 634,547 704,637 702,223 Claims on central bank 968,376 1,055,886 1,986,751 2,097,244 1,122,987 Net Claims on General Government 5,603,261 5,265,702 4,116,437 4,016,449 6,014,203 Net claims on central government 5,750,641 5,410,759 4,305,925 4,247,077 6,352,864…
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 Exchange Rates Currency activity Friday 4-Jan Friday 11-Jan Friday 18-Jan Friday 25-Jan Friday 1-Feb Friday 8-Feb Dollar Buying 138.85 138.85 139 139.05 138.2 138 Selling 139.35 139.35 139.35 139.35 138.6 138.35 Pound Buying 174.5 175.8 179.5 181.5 180 177.25 Selling 175.5 176.75 181.5 183.25 182 179.25 Euro…
Pakistan Trades (Million US $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative a b Monthly Period to Period c d Monthly Period to Period a-c b-d Jul-13 2,194 2,194 10.0 8.6 3,458 3,458 4.3 0.4 -1,264 -1,264 Aug-13 2,009 4,203 -8.4 3.8 3,468 6,926 0.3 3.7 -1,459 -2,724 Sep-13 2,054 6,257 2.3 1.7 3,715 10,641 7.1 8.9 -1,661 -4,384 Oct-13 2,063 8,320 0.4 0.6 3,617 14,258 -2.6 5.5 -1,554 -5,938 Nov-13 1,820 10,140 -11.8 -1.5 3,265 17,523 -9.7 3.4 -1,445 -7,383 Dec-13 2,327 12,467 27.9 2.6 3,594 21,117 10.1 5.3 -1,267…
The Ministry of Finance statistics showed that Pakistan’s imports are mostly concentrated in a few markets. The country’s imports from states like China, Saudi Arabia, UAE, and Indonesia constitutes greater than 50 percent of the total imports. During fiscal year FY2017-18, share of imports from China has declined from 32 percent in previous fiscal year to 25 percent in July-January 2017-18. However, share of import from UAE, has declined by 2 percent during July-January 2017-18 as against to the corresponding period previous year. According to the provisional statistics compiled by (PBS) Pakistan Bureau of Statistics, imports into Pakistan in December,…
Textile industry gritty to double the exports in next 5 years Researchers find that the developing countries are rapidly growing their shares of manufactured trade, not just in labour-intensive products, but also in capital and skill-intensive ones; their shares are growing chiefly and rapidly in the high-technology area. However, manufactured exports remain highly concentrated in the developing world, with a few states dominating all forms of export. They have also recorded that within the winning exporting states, there are significant differences in the ‘technology content’ of exports. These trends are tough to show with received trade theory, even taking human…
Pakistan bourse drops 445 points as investors offload holdings Bears dominated trading at the stock market on Friday and the KSE-100 index dropped 445 points as investors were concerned whether the market would sustain the 40,000-point level. Following a brief open in the positive, investors resorted to profit-booking, resulting in a decline of nearly 500 points in the KSE-100 index at the end of first session. Volatility prevailed in the second session, following which the bourse went below 40,900 points by the day’s end. At the end of trading, the benchmark KSE 100-share Index recorded a decrease of 445.4 points,…
Global container freight market bearish as lunar new year hits Sentiment in the container freight market has turned largely bearish as the shutters have come down on Chinese industry for the New Year celebrations, but this was while largely expected, the magnitude of the rate decline is a key concern. Freight rates along major head-hauls from North Asia are expected to lose significant ground over the course of February, with some carriers expecting rates along Platts Container Rate 1 North Asia to North Continent to fall as much as $350/FEU (forty foot equivalent unit) over the first two weeks of…
World oil futures move higher Oil futures edged higher on Friday but ended the week with a loss on renewed concerns about slowing global demand and after the dollar posted its best week in six months. The market was relatively quiet on Friday, with volume of 575,000 contracts, short of the 200-day average of 597,000 daily contracts traded. US West Texas Intermediate crude futures strengthened 8 cents to settle at $52.72 a barrel but recorded a weekly slump of more than 4 percent, their steepest this year. Brent crude futures gained 39 cents to settle at $62.02. On the week,…
Managing Oneself: Revolution in Society Managing oneself is based on these realities: Workers are likely to outlive organizations, and the knowledge worker has mobility. Managing oneself is a REVOLUTION in human affairs. It requires new and unprecedented things from the individual, and especially from the knowledge worker. For, in effect, it demands that each knowledge worker think and behave as a chief executive officer. It also requires an almost 180-degree change in the knowledge workers’ thoughts and actions from what most of us still take for granted as the way to think and the way to act. The shift from…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. Details Last Reference Previous Currency 138 Feb/19 138 Stock Market (points) 41402 Feb/19 41506 Government Bond 10Y (%) 13.24 Feb/19 13.24 GDP Annual Growth Rate (%) 5.79 Dec/17 5.37 Unemployment Rate (%) 5.9 Dec/17 5.9 Inflation Rate (%) 7.19 Jan/19 6.17 Interest Rate (%) 10 Dec/18 10 Balance of Trade (PKR Million) -327232 Dec/18 -371631 Current Account (USD Million) -4082 Dec/18 -3665 Current Account to GDP (%) -4.7…
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. CAPITAL MARKET IN PAKISTAN Exchange Rates Currency activity Friday 28-Dec Friday 4-Jan Friday 11-Jan Friday 18-Jan Friday 25-Jan Friday 1-Feb Dollar Buying 138.9 138.85 138.85 139 139.05 138.2 Selling 139.4 139.35 139.35 139.35 139.35 138.6 Pound Buying 175.25 174.5 175.8 179.5 181.5 180 Selling 176.25 175.5 176.75 181.5 183.25 182 Euro…
Debt Capital Markets In Pakistan S.No Type of Security No. of Issues Amount(Rs billion) i. Listed TFC 1 7.00 ii. Privately Placed Term Finance Certificates 5 13.7 iii. Privately Placed Sukuk 7 23.53 iv. Privately Placed Commercial Papers 4 4.42 Total 17 48.65 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] Pakistan: Outstanding Corporate Debt Securities Sr. No. Name of security No. of issues Amount outstanding (In billion rupees) i. Listed Term Finance Certificates (L-TFCs) 13 20.60 ii. Privately Placed Term Finance Certificates (PPTFCs) and listed on OTC 42 107.26 iii. Sukuk 42 627.97 iv. Privately placed commercial papers 5…
The Ministry of Finance Government of Pakistan mentioned in a statement that in past few years government has recorded significant developments and reforms for capital market and corporate sector of the country. The Securities and Exchange Commission of Pakistan (SECP), being the apex regulator, has continued to push with the reform agenda to address issues of a fast rising market during the past 5 years 2013 to 2017. The reforms agenda include the following; Demutualization of stock exchanges The Government officials said that consequent to promulgation of the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012 the stock exchanges were…
The economists have recorded that Pakistan has entered a new era of equity trading; however, performance of Pakistan’s capital market will depend on local and global economic scenario in the future. During FY 2018, the performance of stock markets showed a mixed trend between July and December; however, the PSX-100 index resumed its momentum from the start in January 2018. The experts also recorded that there are various factors which brought a swing in emotions of the financiers which in turn changed pace of their buying or selling activity. The performance of some of the major sectors cataloged Pakistan Stock…
Saudi Arabia’s 30 biggest stocks to gain global exposure Saudi Arabia’s aim to boost foreign investment in the $496 billion Tadawul stock exchange has taken a leap forward with the launch of a new index of the Kingdom’s biggest publicly traded companies. Top index provider MSCI has teamed up with the Saudi Stock Exchange, known locally as the Tadawul, to launch the tradeable MSCI Tadawul 30 Index. The index will provide investors with a useful benchmark of the largest liquid companies in Saudi Arabia and serve as the basis for development of a Saudi-listed index futures contract, MSCI and Tadawul…
Asia resumes Iran oil imports at lowered rates Asian imports of Iranian crude oil have just started to return but at sharply lower levels as top customers China, India, Japan and South Korea press for additional US sanctions relief when their waivers expire in May. Imports by South Korea, Japan and India have been slashed at least by half from levels before November, when the US re-imposed sanctions on Iran’s oil trade, according to S&P Global Platts calculations. Japan became the latest importer to resume loading Iranian oil on January 20, after South Korea received its first post-sanctions cargo a…
World oil prices rise about 3pc Oil prices rose about 3 percent on Friday on upbeat US jobs data and signs that US sanctions on Venezuelan exports have helped tighten supply, then extending gains after weekly data showed US drillers cut the number of oil rigs. Brent crude oil futures rose $1.91 a barrel, or 3.14 percent, to settle at $62.75 a barrel. The international benchmark notched a weekly gain of about 1.9 percent. US West Texas Intermediate (WTI) futures ended the session at $55.26, up $147 a barrel or 2.73 percent and gained about 3 percent on the week.…
The Infant New Venture Business are not paid to reform customers. Above all, the people who are running a new venture need to spend time outside: in the marketplace, with customers, and with their own sales force, looking and listing. The new venture needs to build in systematic practices to remind itself that a “product” or a “service” is defined by the customer, not by the producer. It needs to work continuously on challenging itself in respect to the utility and value that its products or services contribute to customers. The greatest danger for the new venture is to “know…
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: Economic Statistics Gross domestic product of Pakistan (at constant basic prices of 2005-06) (Million Rupees) Sector/Industry 2012-13 2013-14 2014-15 2015-16F 2016-17R 2017-18P A. Commodity Producing Sectors(A+B) 4,102,807 4,245,893 4,400,070 4,528,602 4,700,398 4,928,107 Agricultural Sector ( 1 to 4 ) 2,103,600 2,156,117 2,202,043 2,205,433 2,251,006 2,336,771 1. Crops ( i+ii+iii) 844,860 867,133 868,494 822,689 830,203 862,004 i) Important Crops 524,839 562,707 553,568 521,125 532,498 551,511 ii)…
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. CAPITAL MARKET IN PAKISTAN Exchange Rates Currency activity Friday 21-Dec Friday 28-Dec Friday 4-Jan Friday 11-Jan Friday 18-Jan Friday 25-Jan Dollar Buying 139.9 138.9 138.85 138.85 139 139.05 Selling 140.4 139.4 139.35 139.35 139.35 139.35 Pound Buying 176.5 175.25 174.5 175.8 179.5 181.5 Selling 178 176.25 175.5 176.75 181.5 183.25 Euro…
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Internationally, major share of energy demand is contributed by the emerging economies, which are rising at a high rate and undergoing drastic demographic alters. The Finance Ministry of Pakistan recorded that in the developed states, the rise in power demand because of higher living standards, is offset by power efficiency gains borne by the use of energy efficient technology and energy conserving infrastructure. Thus, worldwide energy supply is seeing a shift towards renewable energy exploration. The experts mentioned that the developed states are restructuring their power systems to integrate renewable energy, with visible changes being made on the technological front…
Over the last one year, the Ministry of Finance of Government of Pakistan showed that there has been no significant change in the consumption pattern of energy, although the share of households in electricity consumption has risen slightly to 51 percent. This has been offset by a 1.0 percent fall in share of industry in electricity consumption. Statistics explained that the comparison between consumption patterns of energy during July-Feb FY2018 with the same period last year. The experts recorded that Pakistan’s circular debt payable to the power producers has topped Rs 807 billion and the Government of Pakistan is introducing…
US stocks rise as technology and consumer rally US stocks rose on Friday, with technology and consumer discretionary sectors leading a rally, as upbeat earnings reports helped investors overlook trade and growth worries. A strong rally at start of the year was stalled this week by concerns about global economic growth, US government shutdown and U.S.-China trade talks. But with fourth-quarter earnings largely exceeding Wall Street expectations, the benchmark S&P 500 is holding near six-week highs. News that the US Senate was looking for a way to end a partial US government shutdown, entering its 35th day, also added to…
Northwest Europe RMK 500 cst bunker fuel strengthens An increase in fuel oil exports east from Rotterdam is supporting RMK 500 CST bunker fuel prices, as availability of the higher viscosity fuel tightens. Traders are moving RMG 380 CST and RMK 500 CST fuel oil to Singapore from Northwest Europe to capture value from a firmer East-West spread— a measure of the openness of the arbitrage on the route. The February HSFO East-West spread continued to strengthen, assessed at $27.5/mt Tuesday, 50 cents/mt up from Monday. Rotterdam RMK 500 CST fuel was assessed at minus $4.00/mt against 3.5% FOB Rotterdam…
Oil falls 39 cents, settling at $52.62 The oil market fell on Wednesday as a widespread economic slowdown, which may dent growth in demand for fuel, weighed on energy prices. Crude futures earlier got a boost from hopes that Japan and China would take fiscal stimulus measures to stem the slowdown. Prices got further support from expectations that U.S. crude stockpiles fell last week and official data indicated slowing growth in U.S. shale oil output in the coming years. International Brent crude oil futures fell 35 cents, or about half a percent, to $61.15 per barrel around 2:30 p.m. ET.…
Practice Comes First Decision makers need to factor into their present decisions the “future that has already happened.” Decision makers – in government, in the universities, in business, in the labor unions, in churches – need to factor into their present decisions the future that has already happened. For this they need to know what events have already occurred that do not fit into their present-day assumptions, and thereby create new realities. Intellectuals and scholars tend to believe that ideas come first, which then lead to new political, social, economic, psychological realities. This does happen, but it is the exception.…
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: Economic Statistics State Bank Of Pakistan (Statistics & Dwh Department) Central Bank Survey (Million Rupees) Items Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 1. Net foreign assets 390,970 229,048 156,074 14,804 -159,525 Claims on nonresidents 2,126,776 1,951,935 1,974,249 2,069,557 2,034,413 a) Monetary Gold, Coin and Bullion 310,357 306,447 334,384 351,721 369,719 b) Holdings of SDRs 56,015 56,084 58,965 54,830 57,233 c) Foreign currency 46,732 60,108 62,531 72,187…
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. CAPITAL MARKET IN PAKISTAN Exchange Rates Currency activity Friday 14-Dec Friday 21-Dec Friday 28-Dec Friday 4-Jan Friday 11-Jan Friday 18-Jan Dollar Buying 139.5 139.9 138.9 138.85 138.85 139 Selling 140 140.4 139.4 139.35 139.35 139.35 Pound Buying 175 176.5 175.25 174.5 175.8 179.5 Selling 177 178 176.25 175.5 176.75 181.5 Euro…
HEC recognized universities & degree awarding institutions in Sindh Name Sector Chartered By Discipline Province City Aga Khan University Private Government of Pakistan General Sindh Karachi Baqai Medical University Private Government of Sindh General Sindh Karachi Barret Hodgson University Private Government of Sindh General Sindh Karachi Benazir Bhutto Shaheed University Lyari Public Government of Sindh General Sindh Karachi Commecs Institute of Business & Emerging Sciences Private Government of Sindh General Sindh Karachi DHA Suffa University Private Government of Sindh General Sindh Karachi DOW University of Health Sciences Public Government of Sindh General Sindh Karachi Dadabhoy Institute of Higher Education Private…
International studies revealed that the internationalization is the integration of intercultural and global dimensions into education. The internationalization of teaching and research is one of the chief strategies adopted through many higher education institutes. The experts mentioned that this is attributed to the need to attract the best students and staff, to raise the quality standards of education and to generate additional revenues. Also, the rise in tertiary enrollments internationally has led to an increase in the need of internationalization. In Pakistan, the Institute of Business Administration (IBA) Karachi is proud to have academic linkages with international-renowned institutions of higher…
The Government of Pakistan has decided to create a knowledge-based society for the on-going development process and though allocating additional financial resources for capacity building, R&D (research & development), provision of education access to low social strata children, declined disparity, raised quality to strengthen retention and fall of dropout rate at all levels. Internationally, experts mentioned that the higher education has been going by fundamental changes for some time. There has been an ideological and organizational shift because of the growing pressure from market forces. When markets were liberalized, private profit-making institutions were permitted to enter into the higher education…
US stocks keep rallying US stocks rallied on Friday, helping Wall Street’s major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors. he market was boosted after a Bloomberg report said China sought to raise its annual goods imports from the United States by a combined value of more than $1 trillion in order to reduce its trade surplus to zero by 2024. The news followed a report on Thursday that U.S. Treasury Secretary Steven Mnuchin was considering lifting some or all tariffs imposed on…
Bullish mood persist; upcoming budget, bonds auction and talks with imf in focus The benchmark Index of Pakistan Stock exchange (PSX) closed in the green for the week ended 18th January 2019. It was the third consecutive week the Index posted gain of 258 points and closed at 39,307 level. Positive sentiments were driven by the possibility of third budget of FY19, which is expected to reduce/eliminate advance tax of 0.2% on brokers, rationalize group taxation system, ensure ease of doing business and reduce input cost for export oriented sectors. With the possibility of GIDC Resolution (50% waiver) on the…
Container shippers likely to face a bumpy year ahead IF there was ever a year when the outlook for reliability in the international logistics system was more clouded, 2019 and into 2020 would take the prize. It could be quite a ride. In the ocean container space, certain things have changed to cloud the outlook. One is that following consolidation of the industry over the past three years, carriers have begun behaving differently. Simply put, they are, as a group, less predictable. And that implies greater risk for shippers. Caution in ship ordering and deployment of tonnage was more evident…