World investment report 2018 released by UNCTAD revealed that the worldwide foreign direct investment (FDI) flows declined by 23 percent during 2017, to $1.43 trillion from a revised $1.87 trillion in 2016. The fall is in stark contrast to other macroeconomic variables, like GDP and trade, which saw substantial improvement during 2017. A fall in the value of net cross-border mergers and acquisitions (M&As) to $694 billion from $887 billion during 2016, contributed to the decline. The report also revealed that the value of announced greenfield investment – an indicator of future trends – also declined by 14 percent, to…
Author: S. Kamal Hayder Kazmi
Pakistan stocks gain nearly 300 points The stock market once again had a volatile session on Friday and the benchmark index oscillated between red and green zones before ending the week higher by around 300 points. Prime Minister Imran Khan’s visit to China seemed to have strengthened investor’s sentiments due to anticipated good news about financial support during the trip. Earlier, trading started on a negative note, but a buying spree emerged shortly afterwards, helping the index gain close to 300 points in the first half. Volatility intensified in the second half due to political uncertainty in the wake of…
Smaller ports pip major ones in cargo traffic growth, share rises to 42 percent Non-major ports are gradually eating into the share of major ports in cargo traffic. Between FY12 and FY18, the share of total cargo traffic held by the non-major ports has risen from 39 percent to 42 percent. In the comparable period, major ports have had their market share shrink from 61 percent to 58 percent. A report by the Indian Brand Equity Foundation (IBEF), a trust formed by the Ministry of Commerce, says non-major ports are evolving faster than their major counterparts, and are gaining market…
Oil drops as Us allows Iran sanctions waivers Oil prices fell about 1 percent on Friday and notched a weekly loss of over 6 percent, as investors worried about oversupply after the United States said it will temporarily spare eight jurisdictions from Iran-related sanctions. US Secretary of State Mike Pompeo announced the decision in a conference call. The waivers could allow top buyers to keep importing Iranian oil after economic penalties come back into effect on Monday. Brent crude futures LCOc1 fell 6 cents to settle at $72.83 a barrel. US crude CLc1 declined 55 cents to end the session…
Tunnel-Vision Innovation Often a prescription drug designed for a specific ailment sometimes ends up being used for some other quite different ailment. When a new venture does succeed, more often than not it is in a market other than the one it was originally intended to serve, with products or services not quite those with which it had set out, bought in large part by customers it did not even think of when it started, and used for a host of purposes besides the ones for which the products were first designed. If a new venture does not anticipate this,…
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] Foreign direct investment in Pakistan – ISIC-4 broad structure (Million US $) Sectors Sep-18 Jul-Sep FY19(P) Inflow Outflow Net Inflow Outflow Net FDI A. Agriculture, forestry and fishing 9.5 0.0 9.5 11.8 1.2 10.7 B. Mining and quarrying 11.0 0.2 10.8 22.3 0.6 21.7 C. Manufacturing 24.0 9.1 14.9 117.3 31.4 85.9 D. Electricity, gas, steam and air conditioning supply 34.8 3.5 31.4 85.4 11.2 74.2…
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 21-Sep Friday 28-Sep Friday 5-Oct Friday 12-Oct Friday 19-Oct Friday 26-Oct Dollar Buying 125.25 125.7 126.75 131 133.8 131.45 Selling 125.7 126.2 127.25 132.75 134.8 132.35 Pound Buying 164.25 164.5 164.5 172 173 168.5 Selling 166.25 166.5 166.5 176 176.25 170.5 Euro Buying…
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In Pakistan, women entrepreneurship is presently considered a significant tool in enabling women empowerment and emancipation. It is said that the advantages of women entrepreneurship are many and varied. The number of women entrepreneurs across the globe is rising, which is definitely good sign for families, communities and economic development of Pakistan. However, in the various states, the number of women entrepreneurs still lags behind men. The experts urged that the governments and businesses should consider strategies to support women entrepreneurs in ways that are appropriate for a country’s economic stage of development and the country-specific cultural and practical issues…
International study of MGI (McKinsey Global Institute) reveals that $12 trillion could be added to worldwide gross domestic product (GDP) by 2025 by advancing women’s equality. In the study, experts also mentioned that the public, private, and social sectors would need to act to close gender gaps in work and society. In a full potential situation in which women play identical positions in labor markets to that of men, as much as $28 trillion, or 26 percent, could be added to worldwide yearly GDP by 2025. In spite of above, in the economy of Pakistan, women play a vital role…
KSE-100 soars over 900 points on Chinese support hopes The KSE-100 index advanced beyond expectations on Friday and climbed over 900 points as investors anticipated a positive outcome from Prime Minister Imran Khan’s upcoming visit to China, which may announce some financial assistance for Pakistan to avert a balance of payments crisis. Saudi Arabia has already agreed on giving a $6-billion financial package to Pakistan to help shore up the dwindling foreign currency reserves. At the end of trading, the benchmark KSE 100-share Index recorded an increase of 924.54 points or 2.33 percent to settle at 40,556.45. Overall, trading volumes…
Maritime regulator faces growing calls for a gradual rollout of clean-fuel rules International maritime regulators begin a new round of meetings on antipollution efforts last week under pressure from the US and other nations to soften implementation of new rules that could cost the industry billions of dollars and lead to higher prices for businesses and consumers. The rules, put into motion through the ocean transport-regulating arm of the United Nations, take effect Jan. 1, 2020, and are aimed at slashing the amount of sulfur in marine fuel by more than 80 percent. The IMO is going into this week’s…
World oil prices move higher Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global supplies, but futures posted a weekly drop as a slump in stock markets and concerns about trade wars clouded the fuel demand outlook. Brent crude LCOc1 futures rose 73 cents, or 1 percent, to settle at $77.62 a barrel. The global benchmark marked a weekly loss of about 2.7 percent and is down about $10 in three weeks. US West Texas Intermediate (WTI) crude CLc1 futures rose 26 cents, or 0.4 percent, to end at $67.59 a barrel. It posted…
Managing the New Venture Every new project is an infant and infants belong in the nursery. Innovative efforts, especially those aimed at developing new businesses, products, or services, should normally report directly to the “executive in charge of innovation.” They should never report to line managers charged with responsibility for ongoing operations. Unfortunately, this is a common error. The new project is an infant and will remain one for the foreseeable future, and infants belong in the nursery. The “adults,” that is, the executives in charge of existing businesses or products, will have neither time nor understanding for the infant…
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: Weighted average lending & deposit rates (Percent per annum) Items Gross Disbursements Outstanding Loans Fresh Deposits Including Zero Markup Excluding Zero Markup Including Zero Markup Excluding Zero Markup Including Zero Markup Excluding Zero Markup Including Interbank Excluding Interbank Including Interbank Excluding Interbank Including Interbank Excluding Interbank Including Interbank Excluding Interbank Including Interbank Excluding Interbank Including Interbank Excluding Interbank September-2018 Public 9.50 9.62 9.59 9.73 8.52…
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 14-Sep Friday 21-Sep Friday 28-Sep Friday 5-Oct Friday 12-Oct Friday 19-Oct Dollar Buying 125.1 125.25 125.7 126.75 131 133.8 Selling 125.6 125.7 126.2 127.25 132.75 134.8 Pound Buying 162.5 164.25 164.5 164.5 172 173 Selling 164.5 166.25 166.5 166.5 176 176.25 Euro Buying…
Production of Selected Large-scale Manufacturing Items (during Jul – Jul) Items Adjusted Weights Percentage Change Items Adjusted Weights Percentage Change FY19 FY18 FY19 FY18 Textile 29.74 -0.50 1.16 Iron & Steel Products 7.67 -2.77 46.36 Cotton Yarn 18.43 0.02 0.01 Pig iron 2.25 0.00 0.00 Cotton Cloth 10.22 0.10 0.01 Billets/Ingots 2.17 -8.40 74.36 Jute Goods (Total) 0.47 -7.73 118.69 H/C.R.Sheets/Strips/Coils/plates etc 3.25 3.58 23.94 Woollen & carpet yarn 0.47 0.59 13.33 Fertilizers 6.31 -6.81 -0.80 Woolen & worsted cloth 0.12 -64.58 295.88 Phos. fertilizers 0.57 -3.64 10.37 Knitting wool 0.02 -2.98 6.33 Nit. fertilizers 5.75 -7.22 -2.09 Woolen blankets…
International economists urge that the textile is the most significant manufacturing sector and has the longest production chain, with inherent potential for value addition at each stage of processing, from cotton to ginning, spinning, fabric, dyeing and finishing, made-ups and garments. They have also reported that the present global apparel market is worth US$ 1.7 trillion, and it amounts to 2 percent of the world’s GDP. EU, USA and China are the world’s largest apparel markets with a combined share of almost 54 percent. The major 8 apparel consuming nations form a dominating share of 70 percent of the worldwide…
Research studies reveal that the manufacturing plays a vital role in any economic development as it has multiplier impact on growth through value addition. In Pakistan, the overall manufacturing sector contributes 13.6 percent in Gross Domestic Product (GDP). The economic adepts also calculated that it has three sub sectors like Large Scale Manufacturing (LSM), Small Scale Manufacturing and slaughtering as well. Presently LSM sector has 80 percent share in manufacturing and 10.8 percent share in GDP whereas Small Scale Manufacturing has 13.8 percent share in manufacturing and 1.9 percent in GDP, while Slaughtering has 6.5 percent share in manufacturing and…
US stocks move slightly higher US stocks were slightly higher on Friday as strong earnings from major US companies such as Procter & Gamble helped brush aside growth risk concerns in Europe and political tensions related to Saudi Arabia. Consumer goods bellwether Procter & Gamble reported a surprise rise in first-quarter sales, sending its shares up 7.1 percent and boosting the consumer staples index by 2 percent. The sector, which has largely underperformed the broader S&P 500 this year, was set for its biggest daily gain since June 2016. Other defensive sectors such as utilities and real estate rose 1.7…
Strong Asian tanker market in q4 A strong Asian tanker market is expected in the fourth quarter with visible signs of a recovery after being under acute supply pressure for most part of the year, participants said. In the dirty tanker markets, rates are already close to their highest level this year and the uptrend is expected to gather steam as chartering activity intensifies in Q4. An increase in refinery utilization rate supports the tanker market both ways, pushing up demand for dirty tankers to deliver crude for processing and clean tankers to ship out the products. The rise in…
Oil rises on surging demand in China Oil prices rose on Friday on signs of surging demand in China, the world’s No. 2 oil consumer, although prices were headed for a second weekly decline on swelling US inventories and concern that trade wars were curbing economic activity. Brent crude LCOc1 futures rose 49 cents to settle at $79.78 a barrel. West Texas Intermediate (WTI) crude CLc1 futures rose 47 cents to settle at $69.12 a barrel. For the week, Brent fell 0.9 percent, while US crude lost 3.1 percent. Both contracts have fallen around $7 a barrel below four-year highs…
Diversification Shoemaker, stick to your last!” The old cliché is still sound advice. The less diverse a business, the more manageable it is. Simplicity makes for clarity. People can understand their own job and see its relationship to results and to the performance of the whole. Efforts will tend to be concentrated. Expectations can be defined, and results can easily be appraised and measured. The less complex a business is, the fewer things can go wrong. And the more complex a business is, the more difficult it is to figure out what went wrong and to take the right remedial…
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 Food Inflation 1.1 % Sep/18 3.3 Inflation Rate Mom -0.06 % Sep/18 0.21 Producer Prices Change 9.3 % Sep/18 11 Interest Rate 8.5 % Sep/18 7.5 Interbank Rate 7.85 % Jul/18 6.83 Money Supply M0 5395001 PKR Million Jul/18 5451198 Money Supply M1 13040867 PKR Million Jul/18 13109406 Money Supply M2 15606763 PKR Million Jul/18 15763268 Money Supply…
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 7-Sep Friday 14-Sep Friday 21-Sep Friday 28-Sep Friday 5-Oct Friday 12-Oct Dollar Buying 124.4 125.1 125.25 125.7 126.75 131 Selling 124.9 125.6 125.7 126.2 127.25 132.75 Pound Buying 160 162.5 164.25 164.5 164.5 172 Selling 164 164.5 166.25 166.5 166.5 176 Euro Buying…
Top 10 Multinational Companies In The World (2018) 1. Apple Inc 2. Volkswagen 3. Microsoft 4. FedEx 5. Kimberly Clark 6. Walmart 7. State Grid 8. Sinopec Group 9. China National Petroleum 10.Toyota [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] Top Companies In Pakistan Nestlé KFC Pizza Hut Pepsi and Coco-Cola Unilever LG Samsung Apple Toyota Imperial chemical industry General Tyre & Rubber Company of Pakistan Ltd. Berger Paints Pakistan Ltd. McDonald’s Pakistan. Khaadi Abbott Laboratories Pakistan Limited. Agility Pakistan (Pvt) Ltd. Air Blue (Pvt) Ltd. Al-Ghurair Giga Pakistan [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″]…
Researchers calculated that the worldwide tyre market reached worth 3 billion units during 2017, increasing at a CAGR of almost 4.5 percent during the last 7 years. Researchers also stated in a report that the worldwide automotive tyre market is predicted to boost significantly during 2018-23. They have also predicted that global tyre market will continue rising progressively right through 2018 as total annualized tyre sales volumes are anticipated to cross 3.6 billion units mark in 2018. No doubt, the growth of the market is attributed to rising automotive market and increasing need of high performance tyres. They also mentioned…
Abbott Laboratories (Pakistan) Limited seeks to become a trusted partner by offering high-quality, affordable branded generic pharmaceuticals to a wider range of people in Pakistan, and the management continuously improves their medicines to make them better, easier to administer and faster to act. Since 1948, Abbott has been dedicated to assisting people in Pakistan live healthier lives. The financial experts of the company stated in the report of the company that during the six months’ period closed June 30, 2018, the sales for the half year raised by 14 percent over the corresponding period last year. Pharmaceutical sales grew by…
US stocks rebound after a week of losses The US benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season. Even the hard-hit S&P500 energy and financial sectors managed to close the session with slight gains after a late afternoon rally. The S&P technology index .SPLRCT gained 3.2 percent on the day, showing its strongest one-day gain since March 26, although it still registered its biggest weekly drop since March 23. The Dow Jones Industrial Average…
US to be big winner of new IMO shipping rules The United States is set to be the big winner from new marine fuel rules, trading house Gunvor Group quoted as saying on Wednesday, while rival merchants said the world would not face a shortage of distillates as a result of new rules to cut pollution. The UN’s International Maritime Organisation (IMO) has set new rules that will ban ships from using fuels with a sulphur content above 0.5 percent from 2020, compared with 3.5 percent now, unless they are equipped with so-called scrubbers to clean up sulphur emissions. The…
Oil turns lower as weaker demand outlook weighs Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, sinking even as equities rebounded from a slump Thursday. The West’s energy watchdog said in its monthly report that the market looked “adequately supplied for now” and trimmed its forecasts for world oil demand growth this year and next. Brent crude fell 56 cents a barrel to $79.70, after dropping 3.4 percent on Thursday. US crude futures fell 2 cents to $70.95. Both benchmarks were headed…
Eliminating Cost Centers Would the roof cave in if we stopped doing this work altogether? No matter how well a business prevents cost inflation, it will still have to cut costs. This is because businesses are like people, and people often get sick no matter how carefully they exercise, control their diet, and avoid substance abuse. There is thus always the need for cost cutting. To start cost cutting, management usually asks: “How can we make this operation more efficient?” it is the wrong question. The question should be: “Would the roof cave in if e stopped doing this work…
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 Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Million Rupees) 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…
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 31-Aug Friday 7-Sep Friday 14-Sep Friday 21-Sep Friday 28-Sep Friday 5-Oct Dollar Buying 123.75 124.4 125.1 125.25 125.7 126.75 Selling 124.5 124.9 125.6 125.7 126.2 127.25 Pound Buying 158 160 162.5 164.25 164.5 164.5 Selling 164 164 164.5 166.25 166.5 166.5 Euro Buying…
China–Pakistan Economic Corridor (CPEC) CPEC-energy priority projects Project Name MW Estimated Cost (US$ M) 2×660MW Coal-fired Power Plants at Port Qasim Karachi 1320 1912.2 Suki Kinari Hydropower Station, Naran,Khyber Pukhtunkhwa 870 1956 Sahiwal 2x660MW Coal-fired Power Plant, Punjab 1320 1912.2 Engro Thar Block II 2×330MW Coal fired Power Plant 660 2,000 TEL 1×330MW Mine Mouth Lignite Fired Power Project at Thar Block-II, Sindh, Pakistan 330 – ThalNova 1×330MW Mine Mouth Lignite Fired Power Project at Thar Block-II, Sindh, Pakistan 330 – Surface mine in block II of Thar Coal field, 3.8 million tons/year – 1,470 Hydro China Dawood Wind Farm(Gharo,…
Economic experts say that Pakistan’s power generation capacity has posted a notable rise as a result of an enhanced power strategy climate over the previous few years with notable investments by local and international players in the country’s energy sector. Despite this, the persistence of an inappropriate energy mix in Pakistan and the lack of investment on renewable energy solutions has unluckily given rise to a much higher cost of power generation than the country’s regional peers. They have also said that the energy industry at large also needs to handle loopholes in distribution and transmission also recover revenue that is largely lost to power theft.…
International reports revealed that the energy production in China grows by 45 percent while consumption increases by 41 percent between 2016 and 2040, much faster than the worldwide rise of 34 percent and 35 percent respectively. The experts mentioned in a report that China’s share in international energy demand grows from 23 percent during 2016 to 24 percent in 2040, while its growth shares is 27 percent to the global net increase. Different sources stated that China is the most populous country with 1.4 billion people. It has 6 cities with over 10 million people and an additional 13 urban centres greater than 5 million. Energy…
Pakistan stocks hammered as KSE-100 index dives 861 points Pakistan stocks took a beating on Friday as concerns over macroeconomic situation of the country and political developments pushed the KSE-100 index down by 1,057 points in intra-day trading. Earlier, the market lost 745 points before midday break. According to data shared by the State Bank of Pakistan (SBP) on Thursday, the official foreign currency reserves dropped to nearly a four-year low of just $8.4 billion. Last time, on November 21, 2014, the country’s reserves had slid to $8.5 billion. At close, the benchmark KSE 100-share Index recorded a decrease of…
Asia shipping rates may firm on low-sulphur rules Freight rates in Asia may firm as some ports in the key China market have tightened regulations related to pollution emissions of ships in October. But a slowdown in trading activity for liquid petrochemicals – the bulk of which are aromatics –amid plant turnarounds in the region could negate any upward pressure on shipping cost. In the week ended 28 September, freight rates from any point of origin in Asia to mid-China ports inched up by $1/tonne week on week, according to ICIS data. Ships docking at the ports of Shanghai; and…
World oil prices mark weekly gain Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and US crude marked weekly gains ahead of US sanctions on Iranian oil exports. US West Texas Intermediate (WTI) crude CLc1 futures rose 1 cent to settle at $74.34 a barrel. Global benchmark Brent crude LCOc1 futures for December delivery fell 42 cents to settle at $84.16 a barrel. On Wednesday, Brent hit its highest price since late 2014, at $86.74. WTI’s weekly gain was about 1.3 percent; Brent’s was around 1.4 percent. Price gains this week were…
Respect for the Business and Its Values The acquisition must be a “temperamental fit.” No acquisition works unless the people in the acquiring company have respect for the product, the markets, and the customers of the company they acquire. Though many large pharmaceutical companies have acquired cosmetic firms, none has made a great success of it. Pharmacologists and biochemists are “serious” people concerned with health and disease. By the same token, few of the big television networks and other entertainment companies have made a go of the book publishers they bought. Books are not “media,” and neither book buyers nor…
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 Unemployment Rate 5.9 % Dec/16 5.9 Employed Persons 57420 Thousand Dec/15 56520 Unemployed Persons 3620 Thousand Dec/15 3580 Population 200 Million Dec/17 208 Living Wage Family 28800 PKR/Month Dec/17 29000 Living Wage Individual 14400 PKR/Month Dec/17 14500 Wages High Skilled 49800 PKR/Month Dec/17 41100 Wages Low Skilled 20700 PKR/Month Dec/17 17000 Interest Rate 8.5 % Sep/18 7.5 Interbank…
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 17-Aug Friday 31-Aug Friday 7-Sep Friday 14-Sep Friday 21-Sep Friday 28-Sep Dollar Buying 121.25 123.75 124.4 125.1 125.25 125.7 Selling 123.5 124.5 124.9 125.6 125.7 126.2 Pound Buying 151 158 160 162.5 164.25 164.5 Selling 156.5 164 164 164.5 166.25 166.5 Euro Buying…
[divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] Pakistan: Consumer Price Index by group of commodities and services (Base 2007-08) Group Group Weight (%) Indices % Change August 2018 Over Impact (In % points) August 2018 Over July 2018 Aug 2017 July 2018 Aug 2017 July 2018 Aug 2017 July 2018 Aug 2017 General 100.00 229.27 228.80 216.61 0.21 5.84 0.21 5.84 1. Food & Non-alcoholic Bev. 34.83 238.58 238.08 230.99 0.21 3.29 0.08 1.22 Non-perishable Food Items 29.84 234.60 235.36 227.02 -0.32 3.34 -0.10 1.04 Perishable Food Items 4.99 262.33 254.31 254.75 3.15 2.98 0.17 0.17 2.…
According to the statement published by Pakistan bureau of statistics (PBS), the Consumer Price Index (CPI) inflation general grew by 5.8 percent on year-on-year (YoY) basis during August 2018 as against to a rise of 5.8 percent in the last month and 3.4 percent during August 2017. On month-on-month (MoM) basis, it grew by 0.2 percent during August 2018 as against to a rise of 0.9 percent in the last month and rise of 0.2 percent during August 2017. The officials of PBS also reported that the core inflation measured by non-food non-energy CPI (Core NFNE) grew by 7.7percent on…
Various researchers have explored both theoretical and empirical ways in which consumer sentiment could influence economic situation of any country. With regard to consumers, low predictions for the future may affect dissimilar kinds of spending in different manners. One would estimate, for example, spending on more expensive, durable products/items to be more sensitive to consumer sentiment, whereas outlays on necessary day-to-day goods would fluctuate less in response to predictions. Researchers also revealed that the improvement in consumer confidence is reflected in the rise in current economic conditions index also expected economic conditions index. In Pakistan, Consumer Confidence declined to 44.81…
KSE-100 ends positive as investors await monetary policy The stock market experienced another volatile session on Friday as investors waited for the upcoming monetary policy which is expected to provide some economic clarity. Amid selling pressure, the benchmark KSE-100 index managed to end the week in the black. Earlier, trading began on a positive note, but stock sell-off in early hours dragged the index down by over 320 points in the first half because of the economic slowdown in Pakistan projected by Fitch Ratings and the Asian Development Bank. The bourse staged a recovery in the second half but volatility…
Germany’s commercial shipping fleet shrinks by a third Germany, one of the world’s main maritime players, saw its commercial fleet shrink by a third over the past six years, becoming the biggest loser in a vicious industry slump that has reshaped global shipping. Once the world’s predominant shipping lenders, most German banks have abandoned ship finance as they’ve written off tens of billions of nonperforming loans to cope with around $100 billion in toxic debt and sold scores of vessels to foreign owners at knockoff prices. The contraction in German shipping stems from an unprecedented downturn over the past decade…
Brent crude hits 4-year high Oil prices rose more than 1 percent on Friday, with Brent climbing to a four-year high, as US sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production. Brent crude LCOc1 futures rose $1 to settle at $82.72 a barrel. The session high of $82.87 was the contract’s highest since Nov. 10, 2014. In the third quarter, Brent has gained about 4 percent. US West Texas Intermediate (WTI) crude CLc1 futures rose $1.13 to settle at $73.25 a barrel. The session high of $73.73 was the highest since July…
In Innovation, Emphasize the Big Idea Innovative ideas are like frogs’ eggs: of a thousand hatched, only one or two survive to maturity. The innovative organization understands that innovation starts with an idea. Ideas are somewhat like babies – they are born small, immature, and shapeless. They are promise rather than fulfillment. In the innovative organization executives do not say, “This is a damn-fool idea.” Instead they ask, “What would be needed to make this embryonic, half-baked, foolish idea into something that makes sense, that is feasible, that is an opportunity for us?” But an innovative organization also knows that…
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. Banking sector: key variables of balance sheet and profit & loss statement (Rs. billion) Details Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Total Assets 15,134 15,831 16,155 17,500 17,560 18,342 17,289 19,197 Investments (net) 7,625 7,509 8,003 8,449 8,600 8,729 7,096 8,418 Advances (net) 5,052 5,499 5,605 6,119 6,094 6,512 6,736 7,310 Borrowings 2,012 1,942 2,183 2,815 2,845 3,125 1,920 3,162 Deposits 11,092 11,798 11,809 12,573 12,609…
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 10-Aug Friday 17-Aug Friday 31-Aug Friday 7-Sep Friday 14-Sep Friday 21-Sep Dollar Buying 121 121.25 123.75 124.4 125.1 125.25 Selling 124 123.5 124.5 124.9 125.6 125.7 Pound Buying 155 151 158 160 162.5 164.25 Selling 160 156.5 164 164 164.5 166.25 EURO Buying…
Analysis of cement production capacity & dispatches 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 Surplus Capacity (Mn. Tonnes) 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%…
Researchers analyzed that India’s cement industry is a vital part of its economy, offering employment to greater than a million people, directly or indirectly. They have also mentioned in a statement that India is the second largest producer of cement globally. Ever since it was deregulated during 1982, the Indian cement industry has attracted large investments, both from Indian and international financiers. Different sources also urged that India has a lot of potential for development in the infrastructure and construction sector and the cement sector is predicted to mainly advantage from it. It is noted that some of the present…
No doubt, the cement is the major ingredient used in the construction industry in any economy. Researchers revealed that the cement consumption has a direct correlation to economic growth and improvement in the living standards of society. Traditionally, growth in worldwide cement trade has been lower than rise in global trade on account of high freight cost and obtainability of raw material. International cement experts also calculated that with worldwide growth facilitating optimistic construction trends, cement consumption is on the increase. They have also urged in a statement that world cement projected during 2016 that the market for construction aggregates…
Pakistan KSE-100 index gains 82 points The KSE-100 index extended its gains from the previous session and closed up by 82 points on Wednesday after experiencing a volatile session. On the political front, the suspension of prison terms of Nawaz Sharif and his daughter Maryam, awarded to them in the Avenfield properties case, by the Islamabad High Court failed to cast a significant impact on the stock market. The day kicked off on a positive note, but bearish sentiments prevailed soon, triggering a highly volatile session with ups and downs at regular intervals. The market closed above 41,300 points with…
Singapore bunker fuel demand likely to rebound Singapore delivered bunker fuel demand is expected to see an uptick in September, compared with August when some shipowners opted to take their bunker fuel at other ports due to fuel quality concerns, market sources quoted as saying last week. August bunker fuel sales in Singapore had dipped 9.2 percent year on year to 3.96 million mt, and were down 1.8 percent from 4.04 million mt in July, the Maritime and Port Authority of Singapore data showed. Demand in the Middle Eastern port of Fujairah had also been upbeat in August, with some…
World oil prices up, OPEC meeting in focus Oil prices were up slightly in heavy, seesaw trading on Friday, giving back most earlier gains after news that major producers would consider additional supply a day after US President Donald Trump again blasted the cartel. Investors grappled with whether the Organization of the Petroleum Exporting Countries and non-OPEC producers will offset a shortfall from Iran once US sanctions go into full force Nov. 4. Major producers are scheduled to gather in Algeria on Sunday. Global benchmark Brent crude LCOc1 settled 10 cents higher at $78.80 a barrel. US light crude CLc1…
Test of Innovation Measure innovations by what they contribute to market and customer. The test of an innovation is whether it creates value. Innovation means the creation of new value and new satisfaction for the customer. A novelty only creates amusement. Yet, again and again, managements decide to innovate for no other reason than that they are bored with doing the same thing or making the same product day in and day out. The test of an innovation, as well as the test of “quality,” is not “Do we like it?” It is “Do customers want it and will they…
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 Unemployment Rate 5.9 % Dec/16 5.9 Employed Persons 57420 Thousand Dec/15 56520 Unemployed Persons 3620 Thousand Dec/15 3580 Population 200 Million Dec/17 208 Living Wage Family 28800 PKR/Month Dec/17 29000 Living Wage Individual 14400 PKR/Month Dec/17 14500 Wages High Skilled 49800 PKR/Month Dec/17 41100 Wages Low Skilled 20700 PKR/Month Dec/17 17000 Interest Rate 7.5 % Aug/18 7.5 Interbank…
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 3-Aug Friday 10-Aug Friday 17-Aug Friday 31-Aug Friday 7-Sep Friday 14-Sep Dollar Buying 121 121 121.25 123.75 124.4 125.1 Selling 124 124 123.5 124.5 124.9 125.6 Pound Buying 153 155 151 158 160 162.5 Selling 160 160 156.5 164 164 164.5 Euro Buying…
Credit/Loans Classified By Borrowers ((Million Rupees) Description June-17 July-17 June-18 Jul-18P 1. Credit to Government Sector (A+B) 9,129,778 9,205,092 10,279,452 9,972,016 A. SBP Credit to Government Sector (Net) 2,339,102 2,631,163 3,600,531 3,691,668 B. Scheduled Banks Credit to Government Sector (Net) 6,790,676 6,573,929 6,678,921 6,280,349 2. Credit to Non Government Sector (A+B) 5,929,905 5,803,937 6,936,557 6,957,501 A. SBP Credit to Non Govt. Sector 24,408 23,992 24,761 24,964 B. Scheduled Banks Credit to Non Govt.Sector (I+II+III) 5,905,497 5,779,945 6,911,796 6,932,537 I. Credit to PSEs 1,012,310 963,008 1,213,916 1,262,467 II. Credit to NBFIs 138,894 133,802 136,111 132,317 III. Credit to Private Sector (A+B) 4,754,294…
Banking experts of Pakistan recorded that in the statement of monetary policy which was released during July 2018, the State Bank of Pakistan (SBP) increased the policy rate by 100 bps to 7.5 percent, the first rise of this magnitude since 2008. The reversal of the interest rate cycle is now in full swing with three hikes during 2018. The SBP cited pressure on the external account and highlighted risks to macroeconomic stability from the substantial fiscal deficit, higher oil imports and growing inflationary pressures. They have also recorded that the private sector credit offtake also grew by over Rs…
During the six months ended June 30, 2018, the financial experts of Askari Bank Limited mentioned that the bank’s profit before provisions and taxation for the half year ended June 30, 2018 was registered at Rs.4.07 billion, as compared to Rs. 3.82 billion, for the same period last year, reflecting a rise of 7 percent. Profit after taxation (PAT) declined by 17 percent, to Rs. 2.52 billion chiefly because of fall in aggregate provision reversals as against to the same period last year. Resultantly, earnings per share (EPS) for thehalf year were posted at Rs. 2.00 as compared to Rs.…
KSE-100 powers past 41,000 with rise of 528 points In a positive turn of events, bullish sentiment prevailed at the stock market on Thursday as the index gained over 600 points in intra-day trading and ended the day in the black. The KSE-100 index dipped soon after trading began, but buying momentum later helped reverse the trend. At close, the benchmark KSE 100-share Index recorded an increase of 527.87 points or 1.30 percent to settle at 41,049.91. Overall, trading volumes increased to 149 million shares compared with Wednesday’s tally of 137 million. The value of shares traded during the day…
Shipping rates plunge on fears of trade war impact When US President Donald Trump fired the first salvos in his trade war with China, the market for hauling bulk commodities that power the Asian country’s economy responded with a surprising surge. Now shipowners are losing their swagger. Rates to haul iron ore and coal on 1,000-foot Capesize ships plunged by 39 percent since reaching their 2018 peak in early August. Fourth-quarter hedging contracts dropped 11 percent from their high last month. Some observers say freight costs offer investors clues about economic and trade growth. Increased purchases of iron ore feed…
Oil prices mixed on China tariff talk concerns Oil prices pulled back on Friday on concerns additional U.S. tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might constrict supply. Crude futures ended the week up more than 1.6 percent. Traders said an early rally on Friday was sparked by reports US Secretary of State Michael Pompeo was going to announce new sanctions on Iran. The gains were curbed though by reports US President Donald Trump instructed aides to proceed with tariffs on about $200 billion more of Chinese products.…
Defining Business Purpose and Mission: The Customer Who is the customer? “Who is the customer?” is the first and the crucial question in defining business purpose and business mission. It is not an easy, let alone an obvious question. How it is being answered determines, in large measure, how the business defines itself. The consumer – that is, the ultimate user of a product or a service – is always a customer. Most business has at least two customers. Both have to buy if there is to be a sale. The manufactures of branded consumer goods always have two customers…
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 Population 200 Million Dec/17 208 Living Wage Family 28800 PKR/Month Dec/17 29000 Living Wage Individual 14400 PKR/Month Dec/17 14500 Wages High Skilled 49800 PKR/Month Dec/17 41100 Wages Low Skilled 20700 PKR/Month Dec/17 17000 Food Inflation 3.3 % Aug/18 3.52 Inflation Rate Mom 0.21 % Aug/18 0.94 Producer Prices Change 11 % Aug/18 10.5 Interest Rate 7.5 % Aug/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 27-Jul Friday 3-Aug Friday 10-Aug Friday 17-Aug Friday 31-Aug Friday 7-Sep Dollar Buying 127.3 121 121 121.25 123.75 124.4 Selling 128.3 124 124 123.5 124.5 124.9 Pound Buying 164 153 155 151 158 160 Selling 165.75 160 160 156.5 164 164 Euro Buying…
[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″] 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″] [divider style=”normal” top=”20″ bottom=”20″]
Pak Suzuki Motor Company Limited (PSMCL) continues to be in the front of automobile industry of Pakistan. Over a period of time, the management has developed an effective and comprehensive network of sales, services and spare parts dealers who cater to the needs of customers and render effective after-sale service in the whole country. Pak Suzuki Motor is endeavoring to enhance sales, profitability and diversity in its operations through upgrading the existing products and launching new products. The PSMCL officials mentioned that the strengths of Pak Suzuki are in quality products, diversified product range and well-organized dealers’ network, ensuring availability…
During the six months period ended June 30, 2018 the National Bank of Pakistan’s (NBP) balance sheet posted 12.1 percent growth and stood to Rs 2,657.79 billion in June 2018 as compared to Rs 2,369.88 billion as of December 31, 2017. No doubt the Bank is the largest commercial bank in Pakistan and has been pursuing a strategy of enhancing its loan book through quality lending and effective post-disbursement managing to keep the NPL (Non performing loan) accretion at a minimal level. Kibor In Pakistan (September 7, 2018) (Rs) TENOR BID OFFER 1 – Week 7.43 7.93 2 – Week…
Pakistan’s stocks index sheds over 400 points The KSE-100 Index continued to lose ground for the third consecutive day on Friday as political noise and dearth of positive triggers dented investor sentiments. The bourse dropped over 400 points during the day with cumulative loss in the last three sessions was nearly 900 points. At close, the benchmark KSE 100-share Index recorded a decrease of 411.62 points or 1% to settle at 40,854.77. Fauji Cement (+1.11%) led the volumes chart with more than 13 million shares changing hands. Overall, trading volumes decreased to 120.9 million shares compared with Thursday’s tally of…
Tainted shipping fuel sparks calls for tighter quality control A wave of contaminated fuel that has clogged and damaged engines on hundreds of oil tankers and container vessels in the past months has pushed shippers to demand stricter quality controls around the world. The calls are shining a light on the notoriously opaque shipping fuel sector, where any contamination can spread quickly and be difficult to trace back to its source. That is because large volumes of fuel oil are blended with so-called cutter stocks by suppliers and sold on through an extensive network of middlemen before finding their way…
Balancing Three Corporate Dimensions Shareholder sovereignty is bound to flounder. It is a fair-weather model. An important task for top management in the next society’s corporation will be to balance the three dimensions of the corporation: as an economic organization, as a human organization, and as an increasingly important social organization. Each of the three models of the corporation developed in the past half-century stressed one of these dimensions and subordinated the other two. The German model of the “social market economy” put the emphasis on the social dimension; the Japanese one, on the human dimension; and the American one,…
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 20-Jul Friday 27-Jul Friday 3-Aug Friday 10-Aug Friday 17-Aug Friday 31-Aug Dollar Buying 129.75 127.3 121 121 121.25 123.75 Selling 130.75 128.3 124 124 123.5 124.5 Pound Buying 167 164 153 155 151 158 Selling 168.8 165.75 160 160 156.5 164 Euro Buying…
Mutual Funds Industry Of Pakistan (May 31, 2018) Open Ended Fund PKR 571,937 million Total assets as at May 2018 7.59 % Return on Aggressive Fixed Income Highest return for the month of May 2018 PKR 138,683 million Highest assets in the Money Market category as at May 2018 PKR 9,884 million Total Net sales for the month of May 2018 Pension Fund PKR 24,686 million Total assets as at May 2018 7.06 % Return on General Commodity sub fund Highest return for the month of May 2018 PKR 9,308 million Highest assets in the Islamic equity sub fund category…
In Pakistan, Faysal Asset Management (FAML) is an Investment Manager that delivers structured and customized professional investment solutions to its local and foreign clients. Operating out of Pakistan, Faysal Asset Management is the financial investment arm of the Faysal Group – sponsored by Islamic Investment Company of the Gulf, Ithmaar Bank of Bahrain, Dar Al-Maal Al-Islami Trust in Switzerland and Faysal Bank in Pakistan. The company shows the funds position in their report which are as followed. Faysal Money Market Fund The statistics are mentioned in the report of the company that the Faysal Money Market Fund (FMMF) yielded an…
In Pakistan, Al Meezan Investment’s philosophy is no doubt based on a long-term strategic view, seeking to deliver sound investment returns with acceptable levels of risk and consistent value creation for their investors in a Shariah-compliant manner. As the largest private sector Asset Management and Investment Advisory Firm operating in Pakistan the company has an impressive track record of over 23 years. Al Meezan provides a diverse range of Shariah-compliant investment solutions ranging from equity, balanced, asset allocation, fixed income, money market, capital preservation, fund of fund, commodity and voluntary pension schemes. Meezan Tahaffuz Pension Fund The experts of the…
Financial, cement stocks pull kse-100 down The KSE-100 index failed on Friday to break the ongoing bearish spell and continued to lose ground for the fourth straight day as stocks of financial institutions and cement companies came under selling pressure. In the morning, trading began on a positive note, but later selling pressure emerged which pushed major stocks down. Exploration and production, cement and chemical stocks took a hit while fertilizer shares moved higher. At close, the benchmark KSE 100-share Index recorded a decrease of 121.28 points or 0.29% to settle at 41,742.24. Overall, trading volumes decreased to 159.8 million…
Conditions ripe for container shipping rates to spike Container spot rates are expected to lift soon on the back of headhaul ships running full on the major trade lanes and cargo being rolled. One unnamed carrier source told UK’s The Loadstar that all but a few of the weaker Asia to Europe carriers were full, eastbound. Underscoring the situation, a recent sailing from Asia to north Europe by the Mumbai Maersk set a new world record for the most containers loaded onto a ship, with a cargo of 19,038 TEU. In a move designed to underpin rate levels ahead of…
World oil prices slip Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent energy demand, although impending US sanctions on Iran and falling Venezuelan output limited the decline. Benchmark Brent crude oil LCOc1 fell 35 cents to settle at $77.42 a barrel. US crude CLc1 slipped 45 cents to settle at $69.80. Brent closed the month 4.3 percent higher while US crude gained 1.5 percent. Oil has been buoyed by tumbling Venezuelan output and declining shipments from Iran ahead of the imposition of US sanctions on Tehran in November. US crude production in…
Legitimacy of the Corporation Unless the power in the corporation can be organized on an accepted principle of legitimacy, it will disappear. No social can endure unless it is legitimate power. And no society can function unless it integrates the individual member. Unless the members of the industrial system are given the social status and function that key lack today, our society will disintegrate. The masses will not revolt; they will sink into lethargy; they will flee the responsibility of freedom, which without social meaning is nothing but a threat and a burden. We have only two alternatives; either to…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] Pakistan – Economic Indicators Overview Last Reference Previous Unemployment Rate 5.9 % Dec/16 5.9 Employed Persons 57420 Thousand Dec/15 56520 Unemployed Persons 3620 Thousand Dec/15 3580 Population 200 Million Dec/17 208 Living Wage Family 28800 PKR/Month Dec/17 29000 Living Wage Individual 14400 PKR/Month Dec/17 14500 Wages High Skilled 49800 PKR/Month Dec/17 41100 Wages Low Skilled 20700 PKR/Month Dec/17 17000 Interest Rate 7.5 % Jul/18 6.5 Interbank…
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 13-Jul Friday 20-Jul Friday 27-Jul Friday 3-Aug Friday 10-Aug Friday 17-Aug Dollar Buying 123.75 129.75 127.3 121 121 121.25 Selling 124.3 130.75 128.3 124 124 123.5 Pound Buying 162.5 167 164 153 155 151 Selling 164.25 168.8 165.75 160 160 156.5 EURO Buying…
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Many economic experts analyzed that the country’s population must not exceed beyond certain level. They foresee that the affiliation between population growth and growth of economic progress has been noted broadly and on the other hand, they believe that economic growth in high-income countries is predicted to be relatively slow in upcoming years in part because population growth in these countries is estimated to slow significantly. It is also revealed that population growth has been and would continue to be difficult as more people inevitably use more of the finite resources obtainable on earth, thereby reducing long-term potential growth. Population…
Trade is an important tool to boost the economic progress of any country. Researchers revealed that Pakistan facing tough challenges to foreign trade across its eastern, western and north-western borders. They urged that the poor relations with neighboring country India, war and political unrest in Afghanistan, lack of development of transportation country’s infrastructure, and strife in tribal areas and Balochistan have been created various challenges to boost Pakistan’s trade. Presently the Government of Pakistan has been focusing the China-Pakistan Economic Corridor (CPEC) projects, which has also stimulated interest in the potential for trade expansion with China. The Ministry of Finance…
Pakistan stocks index breaks four-session losing streak The KSE-100 index ended its four-session losing streak on Friday and surged 486 points to end the week in the green. The day started on a positive note as the index climbed over 400 points in the initial hour, crossing the 42,000 barrier with ease. Investors’ sentiments improved as the day progressed with gains registered across all index-heavy sectors. At close, the benchmark KSE 100-share Index recorded an increase of 485.82 points or 1.16 percent to settle at 42,446.62. Moreover, in the financials, mixed sentiments were seen where HBL (-0.14%) closed in the…