World oil prices move higher Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.-China trade war. Futures were on track for a third straight week of gains, with Brent crude up $1.64 to $62.82 a barrel, or 2.7 percent, at 11:06 a.m. EST (1606) GMT. U.S. West Texas Intermediate (WTI) crude futures were up $1.70 to $53.77 a barrel, or 3.3 percent. The Organization of the Petroleum Exporting Countries on Friday issued a list of oil production cuts by…
Author: S. Kamal Hayder Kazmi
Long-Range Planning The future requires 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] FBR Tax collection (Million Rupees) Period Direct Taxes Indirect Taxes Total Tax Collection Sales Excise Customs Total 1949-50 90 0 39 319 358 448 1959-60 303 270 248 357 875 1,178 1969-70 958 522 1,890 1,240 3,652 4,610 1979-80 5,333 2,410 9,701 12,572 24,683 30,016 1989-90 15,642 18,574 21,433 48,584 88,591 104,233 1999-00 112,950 116,711 55,784 61,659 234,154 347,104 2000-01 124,585 153,565 49,080 65,047 267,692 392,277…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. CAPITAL MARKET IN PAKISTAN Exchange rates in Pakistan Currency activity Friday 7-Dec Friday 14-Dec Friday 21-Dec Friday 28-Dec Friday 4-Jan Friday 11-Jan Dollar Buying 139 139.5 139.9 138.9 138.85 138.85 Selling 139.5 140 140.4 139.4 139.35 139.35 Pound Buying 176 175 176.5 175.25 174.5 175.8 Selling 177.75 177 178 176.25 175.5…
Imports payments by transport & petroleum groups in Pakistan (Thousand US Dollar) Commodity May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 ( R) Nov-18 ( P) Transport Group 326,973 389,919 267,157 201,900 168,899 242,732 209,212 1. Road Motor Vehicles 180,792 180,450 215,703 186,019 155,942 215,355 174,571 Completely Built Unit (CBU) 16,292 21,785 16,553 30,777 21,806 29,075 30,622 A. Buses, Trucks & Oth. Heavy Vehicle 5,074 6,159 5,699 2,504 9,360 6,901 10,173 B. Motor Cars (CBU) 10,795 15,228 9,353 27,745 11,929 22,138 20,293 C. Motor Cycles (CBU) 424 399 1,501 529 517 36 156 Completely Knock Down (CKD) 139,808 122,272 165,273 133,748 111,369 157,512…
During 2018 closed the Government of Pakistan has given the relief to the people and declined the petroleum prices by Rs 4.86 per litre. Statistics presently show that a fall of Rs 4.26 per litre of diesel price. Similarly, the price of kerosene oil has been also cut by Rs 0.52 per litre, whereas the light diesel oil price has been slashed by Rs 2.16 per litre. It is also recorded that the now new prices are– petrol, Rs 90.97; diesel, Rs106.68; light diesel, Rs75.28; kerosene oil, Rs 82.98. It is also said that the Government of Pakistan has notified…
According to the Pakistan Automotive Manufacturers Association (PAMA), Pakistan’s auto sales registered growth month-on-month (MoM) during December 2018 for the first time in the previous 12-year. Car sales were increased by 11 percent on MoM basis. This is the first time since December 2005 that auto sales increased during December on MoM basis. The experts also recorded that 2018 has been an eventful, but tough, year for auto sector in Pakistan as key developments on the macroeconomic front proved to be hard-hitting for this sector. Statistics showed that the rupee posted massive depreciation against the US dollar, which then led…
US stocks little changed Wall Street ended little changed on Friday as energy shares dropped and investors looked ahead to earnings season, which will kick off next week with Citigroup, JPMorgan and other big banks. The Dow Jones Industrial Average fell 5.97 points, or 0.02 percent, to 23,995.95, the S&P 500 lost 0.38 points, or 0.01 percent, to 2,596.26 and the Nasdaq Composite dropped 14.59 points, or 0.21 percent, to 6,971.48. Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan…
Asia tanker markets may face unpredictability For the Asian dirty and clean tanker markets, 2018 was a mixed bag that saw a fragile start but only to end on a fairly strong footing, while 2019 is expected to be a year of waxing and waning. The Very Large Crude Carriers after struggling to meet operating expenses for most part of the year registered an impressive revival in earnings, which averaged around $12,000/day from Q1 to Q3 to over $50,000/day in Q4. [divider style=”normal” top=”20″ bottom=”20″] Aframax tonnage supply less easy to move Frequent port closures and congestion due to bad…
World oil falls but ends week higher Oil prices fell nearly 2 percent on Friday as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by US-China trade hopes, but clung to some gains from that rally to end the week higher. Brent crude futures LCOc1 dropped $1.2 to settle at $60.48 a barrel, a 1.95 percent loss. US West Texas Intermediate (WTI) crude futures CLc1 were down $1 to settle at $51.59 a barrel, or 1.9 percent. Still, both benchmarks saw their second week of gains, with Brent rising about 6 percent and WTI up…
Balance Continuity and Change Precisely because change is a constant, the foundations have to be extra strong. The more an institution is organized to be a change leader, the more it will need to establish continuity internally and externally, the more it will need to balance rapid change and continuity. One way is to make partnership in change the basis of continuing relationships. Balancing change and continuity requires continuous work on information. Nothing disrupts continuity and corrupts relationships more than poor or unreliable information. It has to become routine for any enterprise to ask at any change, even the most…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Pakistan: Deposit Distributed by Category of Deposit Holders (Million Rupees) Description Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 1. Non Resident Deposits 175,293 183,845 177,772 183,948 205,731 2. Resident (I+II+III+IV+V+VI+VII) 12,261,219 12,160,874 12,472,887 12,368,777 12,535,294 – Government (Including Federal, Provincial & Local) 1,817,785 1,761,745 1,780,634 1,807,634 1,849,242 II. Non-Financial Public Sector Enterprises (NFPSE) 746,629 762,448 791,758 759,968 774,534 III. Non-Bank Financial Institutions (NBFIs) 332,829 303,842 419,722 295,508 344,429…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 23-Nov Friday 30-Nov Friday 7-Dec Friday 14-Dec Friday 21-Dec Friday 28-Dec Friday 4-Jan Dollar Buying 134.8 138 139 139.5 139.9 138.9 138.85 Selling 135.3 142 139.5 140 140.4 139.4 139.35 Pound Buying 173 175.5 176 175 176.5 175.25 174.5 Selling 175 178 177.75…
Pakistan: Economic Targets & Projections Details FY18 FY19 Target SBP Projections Percent growth Real GDP 5.8 6.2 4.7 – 5.2 CPI (average) 3.9 6 6.5 – 7.5 Billion US$ Remittances 19.6 21.2 20.0 – 21.0 Exports (fob) 24.8 27.9 27.0 – 28.0 Imports (fob) 55.8 58.5 59.5 – 60.5 Percent of GDP Fiscal deficit 6.6 4.9 5.0 – 6.0 Current a/c deficit 5.8 4 5.0 – 6.0 Source: SBP [divider style=”normal” top=”20″ bottom=”20″] World Economic Outlook Projections (% change unless noted otherwise) Details Year over Year Estimate Projections April 2018 WEO Projections Q4 over Q4 Estimate Projections 2016 2017 2018…
In the ongoing technological era, every state in the globe is trying to keep focusing, improving and making advancement in gaining trillions of dollars Information Technology (IT) market share. The studies believe that developed countries are now engaged in a technological trade war and trying to become a world leader in artificial intelligence. The advanced countries had spent and were spending millions or billions of dollars in technology counting next generation 5G which will ensure downloading large size of fact/statistics/data within minutes or even seconds. It is also said that it would assist fulfill a dream of shifting scattered cities…
The industry experts revealed that the Pakistan’s textiles sector has remained stagnant over the decade because of a number of exogenous and indigenous factors like subsidies given to cotton farmers and other textiles products through various states which distort prices, marketing constraints, worldwide recession and increasingly stringent buyers’ conditionalities. Presently it is also recorded that the Pakistan textile industry shares, in excess, almost 60 percent to the nation’s aggregates fares. The Pakistan textile industry is currently seeing a decline in its development rate. The textile industry shares almost 46 percent of the total outcome. It’s offering 38 percent of workforce…
US stocks climb US stocks surged over 2.5 percent on Friday, boosted by a robust US jobs report, plans for fresh Sino-US trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets. The rally puts Wall Street on course to erase all losses from a day earlier, when stocks plunged after slowing US factory activity on the heels of Apple Inc’s dire revenue warning fueled fears of a global economic slowdown. Nonfarm payrolls surged by 312,000 jobs in December, the largest gain since February and sailed past economists’ expectations of 177,000 jobs.…
South korean shipbuilders to benefit from LNG ship orders in 2019 South Korean shipbuilders are expected to continue to benefit from a growing number of liquefied natural gas (LNG) ship orders this year, sources in the industry quoted as saying on Tuesday. In 2019, the world’s overall LNG ship orders are likely to reach 69, rising from 65 in 2018 and 17 in 2017, according to data compiled by the London-based shipping group Clarkson Research. Rising demand for LNG ships is partly due to China’s policy to encourage businesses to use LNG, an eco-friendly fuel, a shipbuilding official said. Hyundai…
World oil climbs on upcoming us-china talks Oil rose nearly 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the United States reported a sharp build in refined product inventories. Brent crude LCOc1 futures rose $1.11, a 1.98 percent gain, to settle at $57.06 a barrel. US West Texas Intermediate (WTI) crude CLc1 futures increased 87 cents to settle at $47.96 a barrel, a 1.85 percent gain. After both benchmarks fell sharply last year, prices posted solid gains in the first week…
Long-Range Planning The future requires 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. Economic Facts Overview Last Reference Previous GDP Annual Growth Rate (%) 5.79 Dec/17 5.37 Unemployment Rate (%) 5.9 Dec/17 5.9 Inflation Rate (%) 6.17 Dec/18 6.5 Interest Rate (%) 10 Nov/18 8.5 Balance of Trade (PKR Million) -371631 Nov/18 -383118 Current Account (USD Million) -3665 Sep/18 -5798 Current Account to GDP (%) -8.2 Jun/18 -5.3 Government Debt to GDP (%) 67.2 Dec/17 66.5 Government Budget (% of GDP)…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 9-Nov Friday 23-Nov Friday 30-Nov Friday 7-Dec Friday 14-Dec Friday 21-Dec Friday 28-Dec Dollar Buying 133.25 134.8 138 139 139.5 139.9 138.9 Selling 133.75 135.3 142 139.5 140 140.4 139.4 Pound Buying 172.5 173 175.5 176 175 176.5 175.25 Selling 174 175 178…
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Statistics show that present strategy initiatives and developments counting monetary tightening, exchange rate depreciation and changes in import and custom duties are all expected to dampen local demand, particularly imports. The extra revenue initiatives and a cut in federal development spending proposed in the Finance Supplementary (Amendment) Bill, 2018 might contain fiscal deficit also. However, these developments would have implications for growth and inflation rate going forward in Pakistan. In this context, statistics also explain that the real GDP growth target of 6.2 percent for FY2019 appears ambitious. The State Bank of Pakistan (SBP) also mentioned in a statement that the industrial sector, in particular, may records a slowdown because…
Economists have predicted that the Pakistan’s economic growth in the present fiscal year is expected to hit a 9-year low, dipping to approximately 2.9 percent, adding that looming balance of payment shortage, cut in development expenditures, monetary tightening and depreciation in the local currency will slow down local consumption and investment as well. With this in mind, the Government of Pakistan has unveiled a National Financial Inclusion Strategy (NFIS) an upcoming 5-year plan. Sources mention that as of 2015, only 16 percent of Pakistan’s adult population had a bank account. Whereas the number of accounts for women was even lower at 11 percent. This policy adopted through the…
Global markets limp to finish line after volatile week Global investors gravitated toward safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in Wall Street stocks. US stock indexes seesawed, making it difficult to end one of the most brutal December selloffs in memory on a high note. After flirting with strong gains in the afternoon, the Dow Jones Industrial Average ended down 76.42 points, or 0.33 percent, to 23,062.4, the S&P 500 lost 3.09 points, or 0.12 percent, to 2,485.74 and the Nasdaq Composite added 5.03 points, or 0.08 percent, to end…
Container market improving, but still shaky A less than convincing performance in the Asia to Mediterranean headhaul market and a sharp fall in Turkish imports have dulled westbound growth prospects. After a flat second quarter, westbound Asia to Mediterranean volumes in the period July-September rose by 3.4%, and returns for October yielded a growth rate of 5.6 percent, according to data from CTS. The year-to-date rise in headhaul demand was by the end of October reading 3.5 percent – a more convincing performance than the anemic 1.2 percent recorded for the North Europe trade. [divider style=”normal” top=”20″ bottom=”20″] Global marine lubricants market…
What’s in store for OPEC in 2019? OPEC has come through some turbulent times in the last few years as oil prices fell to decade lows. It has implemented production cuts, has rallied Russia to climb onboard the production cut train, has weathered the rise of US shale to never-before-seen highs, has extended those production cuts, has lifted production to quell a nervous market post-Iranian sanctions, and then has managed to pull a rabbit out of a hat by agreeing to yet another production cut—and OPEC is not finished yet. OPEC’s leadership is crucial to its success. It operates under…
Practice Comes First Decision makers need to factor into their present decisions the “future that has already happened.” Decision makers – in government, in the universities, in business, in the labor unions, in churches – need to factor into their present decisions the future that has already happened. For this they need to know what events have already occurred that do not fit into their present-day assumptions, and thereby create new realities. Intellectuals and scholars tend to believe that ideas come first, which then lead to new political, social, economic, psychological realities. This does happen, but it is the exception.…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. Pakistan – Economic Indicators Markets Last Reference Previous GDP Annual Growth Rate (%) 5.79 Dec/17 5.37 Unemployment Rate (%) 5.9 Dec/17 5.9 Inflation Rate (%) 6.5 Nov/18 6.78 Interest Rate (%) 10 Nov/18 8.5 Balance of Trade (PKR Million) -371631 Nov/18 -383118 Current Account (USD Million) -3665 Sep/18 -5798 Current Account to GDP (%) -8.2 Jun/18 -5.3 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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 9-Nov Friday 23-Nov Friday 30-Nov Friday 7-Dec Friday 14-Dec Friday 21-Dec Dollar Buying 133.25 134.8 138 139 139.5 139.9 Selling 133.75 135.3 142 139.5 140 140.4 Pound Buying 172.5 173 175.5 176 175 176.5 Selling 174 175 178 177.75 177 178 Euro Buying…
Country wise net FDI in Pakistan ($ Million) Country 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Nov 2019 China 126.1 90.6 695.8 319.1 1,063.60 1,211.70 1,812.60 584 UK 205.8 633 157 169.6 151.6 215.8 307.5 79 USA 227.7 227.1 212.1 223.9 13.2 44.6 136.3 56 Hong Kong 80.3 242.6 228.5 136.2 93.3 17.2 4.1 -1.8 Switzerland 127.1 149 209.8 -6.5 58 101.8 79.4 33.1 U.A.E 36.6 22.5 -47.1 213.6 109.7 120.5 10.9 24.1 Italy 200.8 199.4 97.6 115.4 105.4 60.5 56.6 19 Netherlands 22.1 -118.4 5.5 -34.5 29.9 457.6 100.2 -3.1 Austria 68.8 53.3 53.8 24.8 42.7 21.7 27.4 4.8…
Researchers revealed that the exchange rate is a significant factor in this globalization era while considering any state to trade globally because lower currency rate make its exports cheaper and higher make it expensive vice versa. They have also urged that exchange rate also has larger impact on profitability of businesses where they have Foreign Direct Investment (FDI). Exchange rate may also improve the risk and uncertainty to dramatic extent in case of international investment. It is studied about fluctuation in exchange rate impacts on trade flows. It is also said that important determinants which may cause volatility of exchange…
According to the January 2018 report of “Global Finance,” an English-language American monthly financial magazine with a Global circulation of over 50,000, the potential attractiveness of Pakistan for investment is a lot lower than India, which has received the Global 10th largest inflow of Foreign Direct Investment (FDI) during 2017 despite all its political upheavals, alarming poverty levels, mega corruption scams, human rights violations and rather poor socio-economic indicators. It is also revealed that earlier this year the worldwide flows of FDI had declined by 16 percent during 2017 to a predicted $1.52 trillion. They had reached at $1.81 trillion…
US stocks plummet in volatile trading Wall Street stocks fell sharply in volatile trading on Friday, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. The major US stocks indexes accelerated declines in the last hour of trading after White House trade adviser Peter Navarro said the United States and China might not reach a trade deal at the close of a 90-day negotiating window unless Beijing can agree to a profound overhaul of its economic policies. With Friday’s…
Korean shipyards almost sweep LNG ship orders South Korean shipbuilders have bagged over 80 percent of new orders placed around the globe this year to build liquefied natural gas carriers, according to industry data on Tuesday. According to the data, Korean shipyards clinched new orders to build 56 LNG carriers in total, which is 86 percent of total new orders placed globally so far this year to construct 65 such ships. By shipbuilder, Hyundai Heavy Industries Co., the world’s top shipyard, has clinched deals to build 25 LNG ships this year. The comparable figures for Samsung Heavy Industries Co. and…
World oil prices tumble Oil prices fell on Friday to their lowest since the third quarter of 2017, heading for losses of more than 11 percent in a week, as global oversupply kept buyers away from the market ahead of holidays over the next two weeks. Crude has lost ground along with major equity markets as investors fret about the strength of the global economy heading into next year. The prospect of a possible government shutdown in the United States, the world’s biggest oil consumer, has added to investors’ worries. Oil markets have pulled back amid concerns about oversupply, despite…
Business Not Financial Strategy “There ain’t no bargains,” and “You get at most what you pay for.” Successful acquisitions are based upon business plans, not financial analyses. Acquisition targets must fit the business strategies of the acquiring company; otherwise, the acquisition is likely to fail. The worst acquisition record of the last decades of the twentieth century was that of Peter Grace, the longtime CEO of W. R. Grace. He was a brilliant man. He set out in the 1950s to build a world-class multinational through financially-based acquisitions. He assembled the ablest group of financial analysts and had them scout…
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] Economic indicators of Pakistan Details Last Reference Previous Currency 139 Dec/18 139 Stock Market (points) 38285 Dec/18 38063 Government Bond 10Y (%) 12.8 Dec/18 12.8 Overview Last Reference Previous GDP Annual Growth Rate (%) 5.79 Dec/17 5.37 Unemployment Rate (%) 5.9 Dec/17 5.9 Inflation Rate (%) 6.5 Nov/18 6.78 Interest Rate (%) 10 Nov/18 8.5 Balance of Trade (PKR Million) -371631 Nov/18 -383118 Current Account (USD…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 2-Nov Friday 9-Nov Friday 23-Nov Friday 30-Nov Friday 7-Dec Friday 14-Dec Dollar Buying 132.15 133.25 134.8 138 139 139.5 Selling 132.9 133.75 135.3 142 139.5 140 Pound Buying 170 172.5 173 175.5 176 175 Selling 172 174 175 178 177.75 177 Euro Buying…
Net FDI in Pakistan ($ Million) Details 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Sep-2019 Oil & Gas 559.6 502 300.5 248.9 146 192.5 67.6 [divider style=”normal” top=”20″ bottom=”20″] Pakistan: 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″] [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″]
International experts state that a well organized and integrated infrastructure for transmission & distribution of natural gas is one of the biggest in developing world. Our domestic experts also mention that the natural gas is a main contributing fuel in Pakistan’s energy mix. The optimistic growth of many sectors like commercial, residential, power and fertilizer and depletion of gas reserves resulted in constrained natural gas availability. The government experts calculated that the natural gas is indigenous supplies share approximately 38 percent in total primary energy supply mix of Pakistan and it has an extensive gas network of over 12,829 km…
Byco Petroleum Pakistan Limited a leading oil refining company in Pakistan has raised its share in the country’s gasoline supply by sevenfold. It is said that the share of Byco Petroleum has risen from 1 to 7 percent in Pakistan supply pool of motor gasoline. The management of the company mentioned in their financial statement that during the quarter ended 30th September, 2018 which was yet another challenging period for the oil sector as Pak Rupee posted another depreciation of 6 percent and crude oil prices raised by 4 percent. The experts of Byco also mentioned that this has resulted…
US stocks tumble on global economic slowdown Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos. The S&P 600 small cap index confirmed it was in a bear market after closing 20.05 percent below its Aug. 31 peak, falling 1.6 percent on the day. The Johnson & Johnson report, which the company has disputed, sent its shares tumbling…
USGC clean tanker rates hit multi-year highs Rates in the Americas clean tankers market for vessels leaving the US Gulf Coast in early December are up to multi-year highs after US Gulf Coast-Caribbean and USGC-East Coast Mexico routes were assessed at levels last seen in 2015. On Tuesday, sources in both US refined product and shipping markets quoted as saying this was mainly because of robust USGC gasoline exports, which is borne out in data from the US Energy Information Administration. Stronger clean tanker costs are evident when viewing a number of routes in the Western Hemisphere. S&P Global Platts…
World oil prices decline Oil prices slipped on Friday after China reported slower economic growth, pointing to lower fuel demand in the world’s biggest oil importer, although market sentiment was supported by supply cuts agreed last week by major crude producers. Benchmark Brent crude was down 40 cents at $61.05 per barrel in Asian trade on Friday on course for a decline this week of around 1 percent. US light crude was 25 cents lower at $52.33. China, the world’s No.2 economy, on Friday reported some of its slowest growth in retail sales and industrial output in years, highlighting the…
Managing Oneself: Identify Strengths It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity. You can learn to identify your strengths by using feedback analysis. This is a simple process in which you write down every one of your key decisions and key actions along with the results that you expect them to achieve. Nine to twelve months later, check the actual results against expectations. After two to three years of use, you will know your strengths by tracking those decisions and actions where actual results fell in line…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Pakistan – Economic Indicators Markets Last Reference Previous Currency 139 Dec/18 139 Stock Market (points) 38307 Dec/18 38852 Government Bond 10Y (%) 12.7 Dec/18 12.5 GDP Annual Growth Rate (%) 5.79 Dec/17 5.37 Unemployment Rate (%) 5.9 Dec/17 5.9 Inflation Rate (%) 6.5 Nov/18 6.78 Interest Rate (%) 10 Nov/18 8.5 Balance of Trade (PKR Million) -371631 Nov/18 -383118 Current Account (USD Million) -3665 Sep/18 -5798…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency Activity Friday 26-Oct Friday 2-Nov Friday 9-Nov Friday 23-Nov Friday 30-Nov Friday 7-Dec Dollar Buying 131.45 132.15 133.25 134.8 138 139 Selling 132.35 132.9 133.75 135.3 142 139.5 Pound Buying 168.5 170 172.5 173 175.5 176 Selling 170.5 172 174 175 178 177.75 Euro Buying…
Net FDI From UAE In Pakistan ($ Million) Country 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Oct 2019 U.A.E 36.6 22.5 -47.1 213.6 109.7 120.5 10.9 20.6 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] United Arab Emirates Economic Review (annual percent change unless indicated otherwise) Real GDP growth, at constant market prices 3.1 3.8 2.3 2.0 2.5 3.2 Private Consumption 25.3 -12.0 2.1 2.4 3.2 3.2 Government Consumption 5.8 16.6 -0.9 -0.5 2.5 2.5 Gross Fixed Capital Investment 8.3 10.6 3.0 2.8 7.9 10.3 Exports, Goods and Services 0.2 3.4 1.3 2.5 4.0 4.0 Imports, Goods and Services 12.3 -1.2 1.7…
Experts highlight that United Arab Emirates (UAE) has a society which conjoins greater than 200 nationalities and they also added Pakistan’s contribution in the development of the country by living in peace and harmony. It is also explained that 1.6 million Pakistanis were contributing to the development and prosperity of the Emirati state. Experts further stated that the year 2018 is an important year for UAE as it posted a steady evolution in the economic and trade sectors and making substantial progress in social development apart from playing a major role in foreign and regional affairs. The government officials also…
No doubt, United Arab Emirates commercial activity have a highest economic freedom in the Arab world. There is a wealth of opportunities to rise for UAE companies. These trading movement assists to reduce poverty in the country, generate further career opportunities and making workforce and credit easily available. The Central Bank of United Arab Emirates (UAE) revealed in the present statement that the UAE’s real growth registered 3.1 percent year-on-year (YoY) rise in the third quarter of 2018, driven by both oil and non-oil sectors, Real oil GDP rose 2.7 percent YoY basis in third quarter of 2018 while non-oil…
US stocks 2.2pc lower to finish bruising week Major US stock indices slumped more than two percent on Friday to conclude a bruising week for markets rattled by the US-China trade clash. The Dow Jones Industrial Average ended down 2.2 percent, or more than 550 points, at 24,388.95. The broad-based S&P 500 slumped 2.3 percent to 2,633.08, while the tech-rich Nasdaq Composite Index tumbled 3.1 percent to 6,969.25. The losses ended the worst week for US stocks since March and left both the Dow and S&P 500 in negative territory for the year. The declines followed a mixed US jobs…
Floating lng cargoes in Asia find buyers as prices plunge Several liquefied natural gas (LNG) cargoes that had been stored on vessels in Asian waters are now heading towards buyers’ terminals in China, Japan or South Korea as spot prices for the super-chilled fuel have plunged this week to multi-month lows. The data also shows that at least five laden LNG tankers remain in Singapore waters. Three of them have been there holding LNG in storage since the second half of October. Storing LNG on tankers is generally seen as a riskier bet than holding crude oil on the water,…
Pakistan seeks Belarusian technologies for dairy sector Pakistan on Wednesday sought Belarusian technologies to improve milk processing and dairy production as a next step to the bilateral agreements signed three-year back to initiate agriculture technology projects. Pakistan and Belarus signed memoranda of understanding and intention were signed in 2015. The basic purpose was to promote mutual cooperation in the field of agro technology and research in areas identified mutually by both the governments: scientific cooperation and research, exchange of agro machinery and research in the field of cattle farming. [divider style=”normal” top=”20″ bottom=”20″] Oil prices jump on OPEC-led cuts Oil…
Hitting Them Where They Aren’t “Hitting them where they aren’t” outflanks the by creative imitation. Here, the innovator doesn’t create a major new product or service. Instead, it takes something just created by somebody else and improves upon it. This is imitation. But it is creative imitation because the innovator reworks the new product or service to better satisfy customers’ wants and needs. Once the innovator succeeds in creating what customers want, it can achieve leadership and take control of the market. The prefect example is how IBM became the leading producer of PCs in the 1970s. Apple invented the…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Pakistan – Economic Indicators Overview Last Reference Previous Employed Persons 62230 Thousand Dec/17 58530 Unemployed Persons 3620 Thousand Dec/15 3580 Population 200 Million Dec/17 208 Living Wage Family 29700 PKR/Month Dec/18 29500 Living Wage Individual 13500 PKR/Month Dec/18 13400 Wages High Skilled 51400 PKR/Month Dec/18 49200 Wages Low Skilled 28700 PKR/Month Dec/18 21700 Interbank Rate 7.85 % Jul/18 6.83 Money Supply M0 5419477 PKR Million Sep/18…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 19-Oct Friday 26-Oct Friday 2-Nov Friday 9-Nov Friday 23-Nov Friday 30-Nov Dollar Buying 133.8 131.45 132.15 133.25 134.8 138 Selling 134.8 132.35 132.9 133.75 135.3 142 Pound Buying 173 168.5 170 172.5 173 175.5 Selling 176.25 170.5 172 174 175 178 Euro Buying…
Pakistan’s external debt servicing (Principal + Interest) (Million US$) Description FY – 17 FY – 18 Principal Interest Total Principal Interest Total A. Public debt (1+2+3) 5,127 1,400 6,526 4,191 1,787 5,977 1. Government debt 5,127 1,227 6,354 4,105 1,555 5,660 2. From IMF 0 86 86 86 128 214 3. Foreign exchange liabilities 0 87 87 0 103 103 B. Public sector enterprises (PSEs) 332 35 367 332 78 410 a. Guaranteed debt 72 18 90 69 61 129 b. Non guaranteed debt 259 17 276 263 18 281 C. Bank Borrowings 0 23 23 1 61 62 D.…
Because of contained inflation in Pakistan, the Ministry of Finance revealed that there was rise in consumption both by private agents and general government. It was mentioned in a statement that for July-March FY2018 current account deficit remained at US$ 12.0 billion and it was predicted that for complete year, it will be almost US$ 15.7 billion i. e, 5.0 percent of GDP (Gross Domestic Products). Thus for FY 2019, national saving and domestic saving as percentage of GDP stayed almost at same level of last year. This implies that national income remained less than expenditures during FY2018 as against…
Encroachments around beautiful and attractive buildings in the country giving pessimistic impact to the tourists, as the encroachers have covered the area and it is difficult for the tourists to move around. The encroachers have also destroyed the original fabric of the historic sites in Pakistan and a there is a prime responsibility of the government to have a strict control over them and restore the government lands and buildings to the original shape. Presently, the Government of Pakistan is fully active to destroy the encroachments in Pakistan. It is seemed that the Anti Encroachment Department of Karachi Port Trust…
US stocks rise; S&P, Nasdaq post best weeks in 7 years Wall Street rose on Friday as investors hoped for progress on trade in a critical US-China meeting over the weekend, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in nearly seven years. The Dow saw its largest weekly advance in two years. Investors were encouraged this week by comments by Federal Reserve Chair Jerome Powell and subsequent minutes from the central bank’s latest meeting that suggested that the Fed will take a data-driven rather than ideological approach to future rate-hikes. All three major US…
Dry freight index rebounds 20pc from 7-month low The Baltic Dry Index (BDI) – which tracks global dry freight rates – has rebounded by 20 percent over the past week from a seven-month low. The BDI was pegged last at 1,217 points, up from 940 points a week ago – its lowest level since April. The rise was driven by a sharp upturn in rates for the 100,000-210,000 deadweight-tonne capesize vessel segment, which is employed largely for long-haul iron ore and coal shipments. The Baltic Capesize Index has nearly doubled since mid-November – when it hit a seven-month low –…
World oil prices decline Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week. The two benchmarks, North Sea Brent LCOc1 and US crude CLc1, still have had their weakest month in more than 10 years in November, losing more than 20 percent as global supply has outstripped demand. Front-month Brent futures fell 80 cents, or 1.3 percent, to settle at $58.71 a barrel, ahead of expiry. The more…
Unrealized Business Potential “Opportunity is where you find it,” not where it finds you. Luck, chance and catastrophe affect business as they do all human endeavors. But luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential. No matter how successfully a business organizes itself for the challenges and opportunities of the present, it will still be far below its optimum performance. Its potential is always greater than its realized actuality. Dangers and weaknesses indicate where to look for business potential. To convert them from problems into opportunities brings extraordinary…
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] Economic indicators of Pakistan Overview Last Reference Previous Last Reference Previous Range Employed Persons 62230 Thousand Dec/17 58530 Unemployed Persons 3620 Thousand Dec/15 3580 Population 200 Million Dec/17 208 Living Wage Family 29700 PKR/Month Dec/18 29500 Living Wage Individual 13500 PKR/Month Dec/18 13400 Wages High Skilled 51400 PKR/Month Dec/18 49200 Wages Low Skilled 28700 PKR/Month Dec/18 21700 Interest Rate 8.5 % Oct/18 8.5 Interbank Rate 7.85…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 12-Oct Friday 19-Oct Friday 26-Oct Friday 2-Nov Friday 9-Nov Friday 23-Nov Dollar Buying 131 133.8 131.45 132.15 133.25 134.8 Selling 132.75 134.8 132.35 132.9 133.75 135.3 Pound Buying 172 173 168.5 170 172.5 173 Selling 176 176.25 170.5 172 174 175 Euro Buying…
Analysis of cement sector in Pakistan (Operational Units Data) July to June Production Capacity (Mn. Tonnes) % age Incr/(Dec) Local Despatches (Mn. Tonnes) % age Incr/(Dec) Exports (Mn. Tonnes) % age Incr/(Dec) Total Despatches (Mn. Tonnes) % age Incr/(Dec) (Total) Capacity Utilization % age 1998-1999 16.41 5.68% 9.62 4.65% – 0.00% 9.62 4.65% 58.63% 1999-2000 16.38 -0.19% 9.94 3.29% – 0.00% 9.94 3.29% 60.67% 2000-2001 15.53 -5.16% 9.93 -0.04% – 0.00% 9.93 -0.04% 63.95% 2001-2002 16.10 3.65% 9.83 -1.01% 0.11 100.00% 9.94 0.06% 61.73% 2002-2003 16.32 1.37% 10.98 11.66% 0.47 342.53% 11.45 15.21% 70.16% 2003-2004 17.28 5.87% 12.54 14.25% 1.12…
For many developing countries, the experts believed that remittances constitute a large source of international income relative to other financial flows. The World Bank (WB) predicts that officially registered remittances to low and middle-income countries stood $466 billion during 2017, a rise of 8.5 percent over $429 billion during 2016. World Bank’s statistics also showed that the global remittances, which include flows to high-income states, increased 7.0 percent to $613 billion during 2017, from $573 billion during 2016. Remittance inflows enhanced in all regions and the major remittance recipients were India with $69 billion, followed by China ($64 billion), Mexico…
Researchers revealed in the international report that having surpassed 5 billion people connected to mobile services during 2017, the worldwide mobile industry will reach more milestones over the next 8-years. The number of unique mobile subscribers will reach 5.9 billion by 2025, equivalent to 71 percent of the world’s population. Growth will be driven by developing states, mainly China, India, Pakistan, Bangladesh, Indonesia, also Sub-Saharan Africa and Latin America. They have mentioned that the speed of growth is slowing though, with most of the developed world approaching saturation. The more important growth opportunity will lie in mobile internet – a…
The economists recorded that Pakistan’s terms of trade, which gauge the ratio of export to import prices, have not only been adverse, but have also deteriorated over the years, which has unfavorably impacted the economy in terms of growth and balance of payments. If an economy’s terms of trade are less than 100 percent, they are regarded as adverse. They have also mentioned that in the case of developing states, which depend on non-oil primary products for export earnings, the terms of trade tend to deteriorate over time. According to the Pakistan Bureau of Statistics (PBS), in the last one…
Pakistan banking experts have revealed that Pakistan’s banking sector is a significant contributor in the promotion of the overall economic progress, socio-economic development and financial stability of Pakistan. However, its performance and contribution remains contingent upon the developments in the rest of the economy. They have revealed that the profitability of banking sector fallen to Rs 31.6 billion during the third quarter of 2018, down by 27 percent year on year basis (YoY). The fall in sector profits is mainly owed to Rs 6.8 billion total provision charge, lower non-interest income and higher non-interest expense during the quarter under review.…
Economists believe that agriculture can help assist in reduction of poverty, increase incomes and enhance food security for 80 percent of the world’s poor living in rural areas and chiefly working as farmers. Unfortunately this sector of Pakistan has a little attention from government side and it is suffering from the burdens of expensive fertilizer, costly medicines and of spreading water shortages. The Ministry of Finance recorded that the Pakistan’s agriculture sector contributes 18.9 percent to GDP and absorbs 42.3 percent of labor force. The sector is also a significant source of foreign exchange earnings and stimulates growth in other…
US stocks down and energy sector tumbles US stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018. The Dow Jones Industrial Average fell 178.74 points, or 0.73 percent, to 24,285.95, the S&P 500 lost 17.37 points, or 0.66 percent, to 2,632.56 and the Nasdaq Composite dropped 33.27 points, or 0.48 percent, to 6,938.98. Oil majors Exxon Mobil Corp and Chevron Corp fell about 2 percent each and were the top losers on the Dow Jones Industrial…
Stronger capesize demand pushes up baltic index The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Wednesday, buoyed by higher demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 5 points or 0.5 percent to 1,008 points. The capesize index gained 5.4 percent or 54 points to 1,056 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, increased by $284 to $8,625. The panamax index fell for the sixth straight session, shedding 23…
World oil prices hit over one-year low Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output. Oil supply, led by US producers, is growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the Organization of the Petroleum Exporting Countries is expected to start trimming output after a meeting on Dec. 6. But this has done little so far to prop…
Managing Cash in the New Venture There is an old banker’s rule of thumb according to which one assumes that bills will have to be paid sixty days earlier than expected and receivables will come in sixty days later. Entrepreneurs starting new ventures are rarely unmindful of money; on the contrary, they tend to be greedy. They therefore focus on profits. But this is the wrong focus for a new venture, or rather, it comes last rather than first. Cash flow, capital, and controls come much earlier. Without them, the profit figures are fiction – good for twelve to eighteen…
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] Economic Indicators Of Pakistan Overview Last Reference Previous Unemployment Rate 5.9 % Dec/17 5.9 Employed Persons 62230 Thousand Dec/17 58530 Unemployed Persons 3620 Thousand Dec/15 3580 Population 200 Million Dec/17 208 Living Wage Family 29700 PKR/Month Dec/18 29500 Living Wage Individual 13500 PKR/Month Dec/18 13400 Wages High Skilled 51400 PKR/Month Dec/18 49200 Wages Low Skilled 28700 PKR/Month Dec/18 21700 Inflation Rate Mom -0.06 % Sep/18 0.21…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 5-Oct Friday 12-Oct Friday 19-Oct Friday 26-Oct Friday 2-Nov Friday 9-Nov Dollar Buying 126.75 131 133.8 131.45 132.15 133.25 Selling 127.25 132.75 134.8 132.35 132.9 133.75 Pound Buying 164.5 172 173 168.5 170 172.5 Selling 166.5 176 176.25 170.5 172 174 Euro Buying…
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International research revealed that enhancing financial situation and operating margins is probable to remain a top issue. Many public and private health systems have been experiencing revenue pressure, growing costs, and stagnating or falling margins for years. The trend is predicted to persist, as growing demand, funding limitations, infrastructure upgrades, and therapeutic and technology advancements strain already limited financial resources. The experts also mentioned in the research that combined health care spending in the global major regions is predicted to stand US$8.7 trillion by 2020, up from US$7 trillion in 2015. As has been the case for the past many…
The Government of Pakistan has been trying to develop an outstanding educational system in the country. The government‘s statistics showed that the total number of enrolments at national level during FY2017 reached at 48.062 million as against to 46.223 million during FY2016. This explains a growth of 3.97 percent and it was predicted to further increase to 50.426 million during FY2018. Statistics also showed that the total number of institutes reached at 260.8 thousands in FY2017 as against to 252.8 thousands during previous year and the number of institutes were predicted to rise to 267.7 thousands in FY2018. The total…
US stocks slip on Chinese data and falling oil prices US stocks fell on Friday, with shares of technology, energy and industrial companies bearing the brunt of a selloff, as weak Chinese data and declines in oil prices raised concerns about global growth. As investors shunned growth stocks, the S&P technology index fell 1.6 percent, led by losses in Apple Inc and chipmaker Skyworks Solutions Inc, which fell 8.8 percent after weak forecast. The S&P energy index shed 1.8 percent as US crude price entered “bear market” territory, falling more than 20 percent since early October and below $60 a…
South Korea takes top spot in global ship orders South Korean shipbuilders clinched the No. 1 position in new orders worldwide in the first 10 months of the year, outpacing Chinese rivals, according to industry data last Tuesday. According to the data compiled by industry tracker Clarkson Research Institute, local shipyards garnered new orders worth a combined 10.26 million compensated gross tons (CGTs) in the January-October period, or 45 percent of the total global orders tallied at 23.05 million CGTs. Chinese shipbuilding companies came next with 7.1 million CGTs over the cited period, or 31 percent of the total. It…
Oil falls as global supply increases Oil prices fell nearly 1 percent on Friday as global supply increased and investors worried demand growth could slow, pressuring US crude to its longest stretch of daily declines since 1984. Crude futures benchmarks have slid about 20 percent or more since peaking in early October. Benchmark Brent crude LCOc1 futures fell 47 cents, or 0.7 percent, to settle at $70.18 a barrel. During the session Brent fell below $70 a barrel for the first time since April, as much as 20 percent off four-year highs reached in October. Brent slumped about 3.6 percent…
Social Innovation: The Lab Without Wall Steinmetz’s technology-driven science is anathema to many academic scientists. Steinmetz’s innovation also led to the “lab without walls,” which is America’s specific, and major, contribution to very large scientific and technological programs. The first of these, conceived and managed by President Franklin D. Roosevelt’s former law partner, Basil O’Connor, was the National Foundation for Infantile Paralysis (March of Dimes), which tackled polio in the early 1930s. This project continued for more than twenty-five years and brought together in a planned, step-by-step effort a large number of scientists from half a dozen disciplines, in a…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Pakistan: Exports and imports of goods & services (Million US $ ) Items Jul-Jun Jul-Jun AR Aug R Sep P Jul-Sep FY17 FY18 FY19 FY19 FY19P FY18 Goods and Services Balance (A-B) -31,019 -36,897 -2,625 -2,202 -8,810 -8,590 1. Goods – Export (FOB) 22,003 24,824 2,087 1,788 5,884 5,679 2. Exports of Services 5,555 5,312 464 422 1,292 1,312 1. Manufacturing Services on Physical inputs owned…
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. PAKISTAN MARKET INDICATORS Exchange Rates Currency activity Friday 28-Sep Friday 5-Oct Friday 12-Oct Friday 19-Oct Friday 26-Oct Friday 2-Nov Dollar Buying 125.7 126.75 131 133.8 131.45 132.15 Selling 126.2 127.25 132.75 134.8 132.35 132.9 Pound Buying 164.5 164.5 172 173 168.5 170 Selling 166.5 166.5 176 176.25 170.5 172 Euro Buying…
Foreign direct investment (FDI) overview in Pakistan ($ Million) Country 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Jul-Sep 2019 Sector Wise FDI Oil & Gas 629.4 559.6 502 300.5 248.9 146 192.5 35.4 Financial Business -84.9 26.8 71.4 282.2 1,159.20 700 400.3 50.1 Textiles 64.4 314.2 192.8 256.4 289 296.1 49.7 4.7 Trade 72.1 47.7 28.8 53.5 46.7 465.9 142.6 10.8 Construction 41.4 513.7 106.3 94.6 -14.1 533.3 708.5 180.2 Power 18.7 44.1 2.7 6.2 70.2 57.6 997 74.7 Chemicals 96.3 -47.1 94.9 60.3 88.5 5.4 48.9 17.8 Transport 25.3 5.1 -3.2 50.5 26.8 32.7 56.9 13.2 Communication (IT&Telecom) 31.6…
The financial experts of MCB-Arif Habib Savings and Investments Limited (MCB-AH) mentioned in the report that during the quarter closed September 30, 2018, the company registered a gross income of Rs. 191.374 million (September 2017: 159.716 million), which includes management/investment advisory fee and other operating income. After accounting for administrative, operating & financial expenses and income sharing of Rs. 138.881 million (September 2017: 123.092 million), the company earned a profit before tax (PBT) of Rs. 52.493 million (September 2017: 58.349 million). The financial experts of the company also calculated that the net profit after tax (PAT) for the period amounts…