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…
Author: S. Kamal Hayder Kazmi
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″]
Researchers believed that the natural gas prices less volatile than oil prices but still volatility is a concern for the economy. The prices of natural gas has stabilized somewhat but its history is not as stable. In the case of Pakistan, the prices of natural gas have recorded many fluctuations. It is one of the most widely used source of raw material and heating source in Pakistan. Furthermore, various studies revealed that natural gas is one of the most widely utilized fossil fuels because of its environmental characteristics such as low carbon dioxide emission, efficiency in power production, rising demand…
Studies revealed that the worldwide Compressed Natural Gas (CNG) and Liquid Petroleum Gas (LPG) market have been categorized in three broad segments such as passenger cars, light commercial vehicle market, and others. On the basis of fuel type the market is further segmented in LPG and CNG. Different sources recorded that the LPG and CNG vehicle is gaining penetration in developing states attributed to low-cost of CNG and LPG over growing prices of petroleum products. People who use these vehicles know that vehicle engine which utilizes CNG or LPG as a secondary fuel is termed as CNG and LPG vehicle.…
STOCK EXCHANGES AROUND THE WORLD Pakistan stocks post handsome rally The stock market staged a handsome rally on Friday and rose over 900 points in intraday trading as clarity emerged on the political front following a major cabinet reshuffle. Although bearish activity erupted towards the end of the session, but the bourse managed to sustain most of the gains. Earlier, trading kicked off on a positive note as renewed buying, buoyed by strong investor sentiments, helped maintain the uptrend in the market. The first session ended with a rise of 620 points. Overall, trading volumes decreased to 177.4 million shares…
INTERNATIONAL SHIPPING INDUSTRY US west coast gasoline imports from Europe set for record April Gasoline imports into the US West Coast from Europe are set to hit a record in April as area refinery shutdowns have tightened supplies and boosted prices, according to Refinitiv Eikon ship data. Imports were on track to total 2.17 million barrels in April, most since at least November 2015, the earliest Refinitiv data available. Most of the barrels were coming from the Netherlands. The West Coast has been affected this season by planned and unplanned refinery shutdowns and Midwest floods preventing ethanol from reaching California,…
WORLD COMMODITIES TRADING World oil prices move up Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday’s five-month high of $72.27. Brent saw a weekly gain of 0.6 percent, marking the fourth consecutive weekly rise for the international benchmark. In post-settlement trade, the contract added 4 cents to $72.01 a barrel. US West Texas Intermediate (WTI) crude futures settled at…
Divestment In looking for a husband for your daughter, says an old proverb, don’t ask: “Who’ll make the best husband for her?” Ask instead: “For which kind of a man would she make a good wife?” Divestment is a “marketing” rather than a “selling” problem. The question is not: “What do we want to sell and for how much?” It is: “For whom is this venture ‘value’ and under what conditions?” The salient point if finding the potential buyer for whom what is misfit to the seller is a perfect, the buyer to whom the venture to be sold offers…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Loans Classified By Borrowers (By Type of Finance) (Million Rs) Outstanding Position at the end of February 2019 Export financing Import financing Government self employment schemes Export finance schemes Others Loans to Private Sector Business 376,079 112,405 306,493 15,070 Agriculture, hunting and forestry 566 123 1,006 44 Fishing, fish farming 352 – – – Mining and Quarrying 1,022 660 997 – Manufacturing 345,739 100,212 226,402 9,143…
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 13 2019) Currency Symbol Buying Selling Australian Dollar AUD 101.5 101.75 Bahrain Dinar BHD 375 377 Canadian Dollar CAD 106.2 106.95 China Yuan CNY 21 21.15 Danish Krone DKK 21.15 21.45 Euro EUR 159 159.75 Hong Kong Dollar HKD 18…
Services Sector Indicators (H1) Details FY18 FY19 Wholesale and Retail Trade (34.4%) LSM (H1; YoY growth) 6.6 -1.5 Imports (billion US$ ) 28.7 28.0 Sub-sector credit offtake- flow (Rs bln) 43.9 54.5 Agriculture credit (disbursements, Rs bln) 431.9 527.3 Transport, Storage and Communication (20.0%) Commercial vehicle sales (units) 28,955 24,559 POL sales to transport sector- million MT 7.9 7.2 Subsector credit offtake – flow (Rs bln) 17.4 5.9 Cellular teledensity (%) 72.7 73.9 Broadband users (million) 50.5 63.8 Finance and Insurance (3.6%) Assets (Rs bln)* 18,341.5 19,682.1 Deposits (Rs bln)* 13,011.8 14,254.2 Profit after tax (Rs bln) 67.9 73.0 Net…
International experts presently urged that it is an exciting time in the insurance sector internationally, as insurers are spending greater than ever to transform their business models and seize subtly dissimilar growth opportunities almost all over the globe. Of course, macroeconomic issues, demographic shifts and latest competitive threats are the main problems and part of what energizes leaders of this sector. They have also recorded that there are two main channels by which the insurance sector can assist the economic and social development of any country: first, by reducing unrest, and second, by generating long-term financial resources. Studies also recorded…
EFU General Insurance is still very optimistic in 2019 as the management has planned to offer sustainable, profitable growth in a changing and competitive business environment in order to sustain leading position in Pakistan. Furthermore, in the insurance sector of Pakistan, EFU General is the most powerful, trusted brand and pioneer also in China Pakistan Economic Corridor (CPEC). The financial experts of the company calculated in the annual statement ended December 2018 that the Profit After Tax (PAT) was Rs. 2,171 million as against to Rs. 2,500 million during 2017. The management has suggested a final cash dividend of Rs.…
STOCK EXCHANGES AROUND THE WORLD US stocks end near record highs US stocks closed near record highs on Friday after the largest US bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would dampen Wall Street’s big rally back from last year’s slump. The S&P 500 is now within a percent of September’s record closing high, and the S&P 500 Total Return Index, which includes reinvested dividends, in fact regained record levels, recovering ground lost after a punishing sell-off in the closing months of the year which brought the benchmark index within a rounding error of bear…
INTERNATIONAL SHIPPING INDUSTRY South Korea ranks second in global ship orders in q1 South Korean shipbuilders came in second worldwide in terms of new orders in the first quarter of the year, industry data showed Monday. According to the data compiled by industry tracker Clarkson Research Institute, local shipyards garnered new orders totaling 1.62 million compensated gross tons (CGTs) in the January-March period, equating to 35 ships. Chinese shipbuilders took the top spot with 2.58 million CGTs, or 35 vessels. Italian firms came in third with 780,000 CGTs, or 10 ships. In the first quarter, new shipbuilding orders totaled 5.73…
COMMODITIES TRADING Oil prices surge amid tightening crude market Oil prices rose 1 percent on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand. The oil market also followed global stock markets higher after strong earnings at JPMorgan Chase & Co. The dollar index slipped to its lowest against the euro in more than two weeks, making crude cheaper for non-US buyers. Brent crude oil futures rose 72 cents, or 1.02 percent, to settle at $71.55 a barrel.…
The Failed Strategy Most of the people who persist in the wilderness leave nothing behind but bleached hones. When a strategy or an action doesn’t seem to be working, the rule is, “If at first you don’t succeed, try once more. Then do something else.” The first time around, a new strategy very often doesn’t work. Then one must sit down and ask what has been learned. Maybe the service isn’t quite right. Try to improve it, to change it, and make another major effort. Maybe, though I am reluctant to encourage this, you might make a third effort. After…
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] GDP of Pakistan (at constant basic prices of 2005-06) (Rs. Mn) Sector/Industry 2013-14 2014-15 2015-16F 2016-17R 2017-18P Commodity Producing Sectors(A+B) 4,245,893 4,400,070 4,528,602 4,700,398 4,928,107 A. Agricultural Sector ( 1 to 4 ) 2,156,117 2,202,043 2,205,433 2,251,006 2,336,771 1. Crops ( i+ii+iii) 867,133 868,494 822,689 830,203 862,004 i) Important Crops 562,707 553,568 521,125 532,498 551,511 ii) Other Crops 243,890 250,006 251,005 244,323 252,454 iii) Cotton Ginning…
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 06, 2019) Currency Symbol Buying Selling Australian Dollar AUD 101 102.5 Bahrain Dinar BHD 375 377 Canadian Dollar CAD 106.5 108 China Yuan CNY 21 21.15 Danish Krone DKK 21.1 21.4 Euro EUR 159.25 161 Hong Kong Dollar HKD 17.95…
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The studies revealed that the fourth industrial revolution is under way and digital innovations are benefitting our societies through creating opportunities, enhancing lives as well as standard of living and even lessening risks. The experts also recorded in their studies that digital innovations leading to transformation are also opening up opportunities to raise economic growth, decline inequality and enhance inclusion. But this transformation would not happen by itself, since it takes the whole system to collaborate and cooperate to bend the curve of digital transformation towards a more prosperous tomorrow. The statistics showed that cheaper and better technology is intensely…
Pakistan has become the large mobile phone users as through this industry the human capital is very high and also the job market is rich as against to the main ranked developing states according to researchers. The country has also become charming industry for mobile phone distributors as well as manufacturers. Presently PTA (Pakistan Telecommunication Authority) has predicted to raise revenue from the import of mobile devices by almost $200 million yearly after DIRBS (Device Identification Registration and Blocking System) implementation. The DIRBS implementation is also predicted to generate extra revenue, besides assisting in reducing security issues. Different sources also…
US stocks market move higher on job growth US stocks rose on Friday, boosted by better-than-expected job growth in March, which eased concerns of an economic slowdown that have periodically roiled financial markets over the past year. The gains put the benchmark S&P 500 on track to close higher for seven trading days in a row, which would be its longest winning streak since October 2017. The Labor Department said nonfarm payrolls rose by 196,000 jobs in March, topping the 180,000 new jobs forecast by economists polled by Reuters. Data for February was revised upward to a gain of 33,000…
INTERNATIONAL SHIPPING INDUSTRY Shipowners, refiners at odds over imo fuel quality Fuel quality is the great unknown for the shipping and oil refining industry. The International Maritime Organization’s (IMO) January 2020 deadline could see the majority of vessel owners switching to cleaner marine fuels incompatible with each other. Other solutions look similarly haphazard. The IMO’s global sulfur limit for marine fuels drops to 0.5percent next January from 3.5percent, and the industry is developing a wide range of very low sulfur fuel oils, which may be compliant but also vary in other qualities. The specifications of the new fuels matter because…
World oil prices up 1.5pc on strong US data Oil prices gained 1.5 percent on Friday as strong US employment data tempered fears about weakening global crude oil demand, and on expectations that an escalating conflict in Libya could tighten oil supplies. Optimism that Washington and Beijing are approaching a trade deal also boosted crude prices. Brent crude futures settled at $70.34 a barrel, up 94 cents, or 1.35 percent. The session high of $70.46 was the strongest since Nov. 12. US West Texas Intermediate (WTI) crude settled at $63.08 a barrel, up 98 cents, or 1.58 percent. Earlier in…
Gathering and Using Intelligence Information has to be organized to test a company’s assumptions about its theory of its business. Information has to be organized to challenge a company’s strategy. It has to test the company’s assumptions about its theory of its business. This includes testing the company’s assumptions about its environment—society and its structure, the market, the customer, and technology. And information on the environment, where the major threats and opportunities are likely to arise, has become increasingly urgent. Then there are assumptions about the specific mission of the company. Third, there are assumptions about an organization’s core competencies…
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. Economic Indicators Details FY18 H1-FY18 H1-FY19 (Growth rate (percent) LSM 5.0 6.6 -1.5 CPI (period average YoY) 3.9 3.8 6.0 Private credit (flow) 14.9 5.7 9.5 Money supply (flow) 9.7 2.3 3.6 Exports 13.7 10.9 1.9 Imports 14.9 18.0 -2.6 FBR tax revenue (billion Rs) 3,844.0 1,722 1,795 Exchange rate (+app/-dep%) -13.7 -5.0 -12.5 (million US dollars) SBP’s liquid reserves (end-period) 9,789 14,107 7,199 Workers’ remittances 19,623 9,745…
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 29 2019) Currency Symbol Buying Selling Australian Dollar AUD 99.65 101.6 Bahrain Dinar BHD 372.5 374.5 Canadian Dollar CAD 104.7 105.5 China Yuan CNY 20.8 20.95 Danish Krone DKK 20.95 21.25 Euro EUR 158.2 158.7 Hong Kong Dollar HKD 17.8…
Workers’ Remittances (Million US Dollars) Item Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 1 U.A.E. 308.13 419.41 350.35 351.34 352.12 335.66 Dubai 206.55 281.20 232.81 228.38 225.94 227.06 Abu Dhabi 98.36 134.05 113.76 119.15 121.56 104.79 Sharjah 2.88 3.77 2.60 2.24 2.65 1.74 Others 0.34 0.39 1.18 1.57 1.97 2.06 2 Other GCC Country 134.49 200.87 153.51 174.52 166.50 152.25 Behrain 21.61 31.91 23.77 28.30 27.24 25.18 Kuwait 46.99 70.67 53.32 61.43 56.83 50.23 Qatar 23.00 34.92 29.82 31.56 30.20 27.42 Oman 42.89 63.37 46.61 53.22 52.24 49.42 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] Country Wise Net…
Present statistics show rising oil prices amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly increase since 2009. Statistics also showed that oil prices have been supported for much of this year by an agreement between OPEC and allies like Russia to cut output by almost 1.2 million barrels per day. Sources mentioned that OPEC and its allies are planned to meet in June 2019 to set policy as US sanctions on OPEC members Iran and Venezuela are also buoying prices. A monthly Reuters’ survey of economists and analysts…
Bank sees positive results amid challenging economic environment in the country Bank Alfalah Limited has registered an impressive growth of 27 percent in the Profit After Tax (PAT) in year 2018 despite a challenging operating environment in Pakistan while the financial experts of the bank have calculated positive economic prospects of the company and the country during the ongoing year 2019 as the bank has been playing an important role in Pakistan’s banking sector. In the annual report in 2018 the bank registered an impressive growth of 27 percent in Profit After Tax and the bank’s Profit Before Taxation for…
STOCK EXCHANGES AROUND THE WORLD Pakistan stocks index gains 96 points amid uncertainty The stock market endured a volatile session on Friday as diverse expectations about the monetary policy announcement caused uncertainty at the bourse. Street expectations about the benchmark interest rate ranging from a hike of up to 75 basis points to a fall of 25 to 50 basis points kept the KSE-100 index range bound and the market rose just 96 points. The cement sector performed well because of the release of sales data, which displayed growth against expectations, but selling pressure restricted the price rise. Traded value…
INTERNATIONAL SHIPPING INDUSTRY Trafigura ships more Asian gasoline to Americas on new tanker Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who closely monitor petrol trade flows said on Thursday. Although it is not uncommon for traders to use a brand new crude tanker of 150,000 deadweight tonnage (dwt) to ship clean fuels such as diesel, it is rare to use them for gasoline because of the sheer size. Ship tracking data from Refinitiv shows the ‘Marlin Seoul’ vessel…
WORLD COMMODITIES TRADING Oil prices post biggest quarterly rise in a decade Oil prices rose about 1 percent on Friday, posting their biggest quarterly rise in a decade, as US sanctions against Iran and Venezuela as well as OPEC-led supply cuts overshadowed concerns over a slowing global economy. The May Brent crude oil futures contract, which expired Friday, gained 57 cents, or 0.8 percent, to settle at $68.39 a barrel, marking a first-quarter gain of 27 percent. The more-active June contract settled up 48 cents at $67.58 a barrel. US West Texas Intermediate (WTI) futures rose 84 cents, or 1.42…
The Future Budget The budget for the future remains stable throughout good times and bad. In most enterprises—and again not just in business —there is only one budget, and it is adjusted to the business cycle. In good times expenditures are increased across the board. In bad times expenditures are cut across the board. This, however, practically guarantees missing out on the future. The change leader’s first budget is an operating budget that shows operating and capital outlays to maintain the present business. That budget should always be approached with the question: “What is the minimum we need to spend…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Exports And Imports Of Goods & Services (As Per BPM6) (Million US$) 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…
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…