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…
Author: S. Kamal Hayder Kazmi
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…
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…