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…
Author: S. Kamal Hayder Kazmi
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…
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…
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…