The Pakistan Bureau of Statistics (PBS) recorded in the report published in June 2018 that the prices of top few commodities, which increased from previous month are; tomatoes (41.66%), potatoes (6.78%), onion (6.18%), fresh fruits (5.47%), spices (1.41%), meat (1.04%), wheat flour (1.00%), wheat (0.85%), vegetables ghee (0.74%), dry fruits (0.70%), tea (0.68%), sugar (0.62%), beverages (0.41%) and bakery & confectionary (0.31%). Furthermore, the few commodities which decreased from previous month are betel leaves & nuts (7.68%), eggs (3.74%), besan (2.78%), pulse mash (1.66%), pulse masoor (1.62%), pulse moong (1.59%), fresh vegetables (1.46%), gram whole (1.32%), chicken (0.98%) and pulse…
Author: S. Kamal Hayder Kazmi
Economic experts reveal that the water issues presently faced by Pakistan was bigger than that of the energy sector have. And no doubt the factor is getting worse every day. Now the new government of Pakistan should urgently increase its water storage capacity. Second important issue which we all know that energy crisis, both issues could be resolved by the construction of Daimer-Bhasha Dam and Mohmand Dam. Experts calculated that approximately 22,000 to 24,000 megawatt (MW) electricity is needed in Pakistan. This demand grows up to 5 percent yearly. It means 1,000 or 1,200MW shortfall is added. Unluckily, the country…
Pakistan stocks extend winning run Pakistan’s stock market continued to enjoy a bull run on Friday with the KSE-100 Index climbing another 697.29 points or 1.66percent to settle at 42,786.45, as investors cheered the outcome of the country’s 11th general elections. The winning streak, which started on Tuesday, has now stretched across three sessions, cumulatively adding 5.74 percent to the index that bore the brunt of political as well as economic turbulence in the past few months ahead of the elections. On Friday, stocks continued their winning run with index-heavy cement, steel, banks as well as oil and gas sectors…
The VLCC race: US midstream companies plan to export more oil faster Since the US crude market began to grow only a short time ago, there has been a race to see who can load the most crude in the quickest time into the largest vessels possible along the US Gulf Coast. The stakes are high. Major Asian buyers are looking to load as much oil on to one vessel in order to maximize the economics of their US purchases. But the ports along the Gulf Coast were not built to accommodate the super tankers–Very Large Crude Carriers–which can carry…
World oil prices slip Oil prices fell on Friday, weighed down by a drop in the US equities market, but Brent still marked a weekly increase, supported by easing trade tensions and a temporary shutdown by Saudi Arabia of a key crude oil shipping lane. Brent crude futures fell 25 cents to settle at $74.29 a barrel, but notched a 1.8 percent weekly increase, its first increase in four weeks. US West Texas Intermediate (WTI) crude futures fell 92 cents to settle at $68.69 a barrel, and marked a fourth week of declines, falling about 2.4 percent. Depressing oil prices,…
Role of the Bystander …the bystander sees things neither actor nor audience notices. Bystanders have no history of their own. They are on the stage but are not part of the action. They are not even audience. The fortunes of the play and every actor in it depend on the audience, whereas the reaction of the bystander has no effect except on himself. But standing in the wings – much like the fireman in the theater – the bystander sees things neither actor nor audience notices. Above all, he sees differently from the way actors or audiences see. Bystanders reflect,…
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 GDP From Services 6970204 PKR Million Dec/17 6577139 GDP From Transport 1551714 PKR Million Dec/17 1492876 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…
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 8-Jun Friday 22-Jun Friday 29-Jun Friday 6-Jul Friday 13-Jul Friday 20-Jul DOLLAR Buying 118.2 123.75 123.9 124.2 123.75 129.75 Selling 118.75 124.3 124.45 124.75 124.3 130.75 POUND Buying 158.25 162.25 162.25 163.5 162.5 167 Selling 160 164 164 165.25 164.25 168.8 EURO Buying…
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The Ministry of Finance, Government of Pakistan revealed in their statistical report that the cumulative health expenditures of federal and the provinces are predicted at Rs 384.57 billion for fiscal year 2017-18 which is 31.75 percent higher than the actual expenditures of Rs 291.90 billion realized during fiscal year 2016-17. The government officials also mentioned that the total health expenditures in Pakistan grew both in terms of growth and as percentage of GDP (gross domestic products). It rose by 29.54 percent to stand at Rs 291.90 billion during fiscal year 2016-17 as compared to Rs 225.87 billion in 2015-16. Encouragingly,…
Medical experts state that counterfeit medicines trafficking are a very dangerous challenge that impacts both developed and undeveloped nations. Globally, various organizations are implementing procedures to detect these counterfeits, and the Government of Pakistan is pushing to enact laws to punish those who are profiting from this crime. However, in the end, it would take the cooperation of all states working together to solve this rising threat to worldwide public health. Counterfeit medicines are typically of dubious quality; they may be contaminated with unsafe fillers or have the wrong ingredients or not enough active ingredient or fake packaging. These medicines…
US stocks dip as Trump talks of more tariffs on China Wall Street stocks finished slightly lower Friday as President Donald Trump’s latest tariff threats and attack on the Federal Reserve kept a lid on gains despite largely solid earnings. The Dow Jones Industrial Average finished down less than 0.1 percent at 25,058.06. The broad-based S&P 500 dropped 0.1 percent to close the week at 2,801.83, while the tech-rich Nasdaq Composite Index also fell 0.1 percent to 7,820.20. With the majority of larger earnings reports still to come, companies are on track to report second-quarter earnings about 20 percent above…
Southern Chinese ports prioritize thermal coal imports; coking coal buying slows Coking coal end-users in southern China are taking a step back from making seaborne purchases, given that port authorities are now prioritizing thermal coal imports over coking coal to meet summer power generation demand, trade sources said this week. Under current import restrictions on coal in southern China, authorities at ports such as Fangcheng, Xiamen and Kemen were allocated import quotas for the year by provincial governments and the General Administration of Customs. The port authorities in turn, allocate these quotas to power plants and steelmakers. At Fangcheng port…
Global benchmark Brent crude dips Global benchmark Brent crude dipped on Thursday as concerns about mounting supply returned after a brief rally earlier in the session on comments that Saudi Arabia’s exports would fall in August. Crude prices fell from session highs reached after Saudi Arabia’s OPEC Governor Adeeb Al-Aama statement that the kingdom expects crude exports to drop by roughly 100,000 bpd in August as it limits excess production. Brent oil fell 32 cents, to settle at $72.58 per barrel, previously reaching a session high of $73.79. US West Texas Intermediate (WTI) was 70 cents higher, or 1 percent,…
Modern Organization Must Be a Destabilizer Only a society in dynamic disequilibrium has stability and cohesion. Society, community, and family are all conserving institution conserving institutions. They try to maintain stability and to prevent, or at least to slow, change. And yet we also know that theories, values, and all the artifacts of human minds do age and rigidify, becoming obsolete, becoming affliction. Yet “revolutions” every generation, as was recommended by Thomas Jefferson, are no the solution. We know that “revolution” is not achievement and the new dawn. It results form senile decay, from the bankruptcy of ideas and institutions,…
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 Currency 128 Jul/18 128 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 Food Inflation 2.07…
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 1-Jun Friday 8-Jun Friday 22-Jun Friday 29-Jun Friday 6-Jul Friday 13-Jul DOLLAR Buying 118.5 118.2 123.75 123.9 124.2 123.75 Selling 119.05 118.75 124.3 124.45 124.75 124.3 POUND Buying 157.5 158.25 162.25 162.25 163.5 162.5 Selling 159.25 160 164 164 165.25 164.25 EURO Buying…
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According to statistics released by environmental advocate, non-governmental agency Shipbreaking Platform, South Asian yards now offer about $450 per light displacement tonnage, or LDT, while Chinese yards offer only $210 and Turkish yards slightly better at $280 per LDT. It is also showed that a large container ship weighs in at almost 25,000 LDTs. That translates into $11.25 million in India, but only $7 million in Turkey and $5.25 million in China. Furthermore, Shipbreaking Platform releases a yearly survey on the industry. During 2017, the organization recorded, the industry internationally scrapped 835 ships, which totaled 20.7 million gross tons. That’s…
Since inception, Pakistan National Shipping Corporation (PNSC) has been striving to fulfill its duty to the nation towards offering Pakistan a reliable and dedicated shipping service thus representing the nation in the international shipping arena. The officials of PNSC mentioned that PNSC’s commercial focus has enlarged beyond basic shipping into associated opportunities counting NVOCC business and maritime engineering works. They have also mentioned that PNSC’s commercial and financial profile has enhanced considerably in present years. PNSC group recorded the Profit after tax (PAT) of Rs 872 million has been attained during quarter closed March 31, 2018 to Rs 1,381 million…
US stocks soar, S&P 500 at five-month high US stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed. The CBOE Volatility Index closed at its lowest level since June 15. The Dow Jones Industrial Average rose 94.52 points, or 0.38 percent, to 25,019.41, the S&P 500 gained 3.02 points, or 0.11 percent, to 2,801.31 and the Nasdaq Composite added 2.06 points, or 0.03 percent, to 7,825.98. The S&P…
Dry bulk shipping stocks poised to jump Given all the focus on trade between the US and China, it is interesting that the financial media seem to have missed the most salient indicator. No, it’s not a tweet or a summit meeting, it’s an index; the Baltic Dry Index, to be precise. With a recent London fixing of 1,622, the BDI has risen a jaw-dropping 22 percent since June 22. It is clear that the market for seaborne cargoes of coal, iron ore and grains is red hot right now. Dry bulk scrappage rates have come down from the record…
Oil prices manage to close higher Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite US sanctions. Brent crude LCOc1 rose 88 cents to settle at $75.33 a barrel, a 1.18 percent gain. The global benchmark fell about 2.7 percent for the week. West Texas Intermediate (WTI) crude CLc1 futures rose 68 cents to settle at $71.01 a barrel, but lost about 3.9 percent this…
The Transnational Company Successful transnational companies see themselves as separate, non national entities. Most companies doing international business today are still organized as traditional multinationals. But the transformation into transnational companies has begun, and it is moving fast. The products or services may be the same, but the structure is fundamentally different. In a transnational company there is only one economic unit, the world. Selling, servicing, research, finance, marketing, pricing, and management are conducted in contemplation of the world market. One of America’s leading engineering companies, for instance, makes one critical part for al its forty-three plants worldwide in one…
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 Inflation Rate 5.21 % Jun/18 4.19 Gold…
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 25-May Friday 1-Jun Friday 8-Jun Friday 22-Jun Friday 29-Jun Friday 6-Jul DOLLAR Buying 118.5 118.5 118.2 123.75 123.9 124.2 Selling 119.05 119.05 118.75 124.3 124.45 124.75 POUND Buying 158 157.5 158.25 162.25 162.25 163.5 Selling 159.75 159.25 160 164 164 165.25 EURO Buying…
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Telecom sector no doubt is the fastest growing sector and has created various opportunities in Pakistan. The Government of Pakistan showed in their statistics that this sector has shown optimistic growth during the first two quarters of FY 2017-18. The total teledensity stood 72.7 percent at the end of 2nd quarter of FY 2017-18, as against to 72.5 percent at the end of last fiscal year. The prime driver of teledensity rise is the growth in cellular mobile subscribers and the teledensity as of February 2018 is 74.2 percent. Researchers revealed that technology is leaping forward, but humans hold the…
International statistics revealed that in 2019 the number of mobile phone users is predicted to pass the 5.0 billion mark. During 2016, a predicted 62.9 percent of the population worldwide already owned a mobile phone. Mobile phones presently have become such a necessity in everyone’s lives and even an important part of our standard of living when we have expensive mobile phones. Although there are quite a few benefits of bringing mobile phones to school/institution, the disadvantages of doing so surely outweigh them. Principals/educators urge that permitting mobile phones to school would be equivalent to giving an open invitation to…
Wall Street stocks flat as US, China tariffs hit Wall Street stocks were little changed early Friday following a solid US jobs report and the start of a long-anticipated trade war between the US and China. About 15 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent to 24,336.89. The broad-based S&P 500 added 0.2 percent to 2,740.79, while the tech-rich Nasdaq Composite Index gained 0.4 percent to 7,614.44. The US economy added 213,000 new jobs for the month, well above analyst expectations, according to the monthly Labor Department report. The unemployment rate rose 0.2 points to…
Freight rates on VLCCs and Suezmazes move up Freight rates have risen over the last quarter on VLCCs and Suezmaxes. However, there have been supply-side shocks which threaten to reduce tonne-mile demand and though more vessels have been sold for scrap, excess tonnage is still an issue for the dirty tanker market. VLCC rates have risen steadily over the last three months and the WAF to China VLCC route, basis 260,000 mt, was assessed at $11.44/mt April 3 compared with $13.85/mt June 27, a rise of $2.41/mt over the quarter, according to S&P Global Platts data. Market fundamentals have not…
World oil prices mixed Oil was mixed on Friday, with short-covering pushing up US crude futures while Brent slipped on global trade tensions and increased Saudi production. West Texas Intermediate crude futures CLc1 gained 61 cents to $73.55 by 11:30 a.m. (1530 GMT). Global benchmark Brent LCOc1 was down 39 cents at $77 a barrel. For the week, WTI was on track for a loss of about 0.4 percent while Brent was down about 3 percent. “We have a little bit of a rally that’s materialized” for WTI, said Bob Yawger of director of energy futures at Mizuho in New…
Knowledge and Technology The new technology embraces and feeds off the entire array of human knowledge’s. The search for knowledge, as well as the teaching thereof, has traditionally been dissociated from application. Both have been organized by subject, that is, according to what appeared to be the logic of knowledge itself. The faculties and departments of the university, its degrees, its specializations, indeed the entire organization of higher learning, have been subject-focused. They have been, to use the language of the experts on organization, based upon “product,” rather than on “market” or “end use.” Now we are increasingly organizing knowledge…
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 Currency 121 Jul/18 121 Gross Fixed Capital Formation 1975936 PKR Million Dec/17 1647268 GDP per capita 1182 USD Dec/16 1140 GDP per capita PPP 4866 USD Dec/16 4695 GDP From Agriculture 2284561 PKR Million Dec/17 2208087 GDP From Construction 320769 PKR Million Dec/17 294154 GDP From Manufacturing 1572948 PKR Million Dec/17 1494169 GDP From Mining 339747 PKR Million…
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 Friday Friday Friday Friday Friday 18-May 25-May 1-Jun 8-Jun 22-Jun 29-Jun DOLLAR Buying 117.3 118.5 118.5 118.2 123.75 123.9 Selling 117.85 119.05 119.05 118.75 124.3 124.45 POUND Buying 158.5 158 157.5 158.25 162.25 162.25 Selling 160.25 159.75 159.25 160 164 164 EURO Buying…
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Consumer finance is an organized financial product across the globe, particularly in mature economies, where it constitutes a significant portion of banks’ lending portfolis. Economists focus that consumer financing has considerably contributed to the economic turnaround of Pakistan by stimulating investment and consumption patterns. They also mentioned that there has been a phenomenal rise in private consumptions because of easy availability of credit from banks to the customers. However, this particular financing has given increase to consumerism in the country. It also has contributed to the low level of national savings and even fueled inflation. They also mentioned that consumer…
Researches reveal that consumer confidence in Pakistan has been increased to a great extent by improvements in political stability and security situations in recent years and their spending is expected to increase further in 2018. According to the McKinsey 2018 Global Sentiment Survey, 54 percent of Pakistani consumers altered their consumer purchasing habits to save (while) 29 percent of consumers look to purchase their preferred brands/products at stores with lower prices in the country. McKinsey survey also reveals that spreading over September 2015 to September 2017, gleaned information from 4,007 respondents in Pakistan, UAE, Saudi Arab and Egypt as well.…
Pakistan Stocks Post Minor Recovery The KSE-100 broke a three-day positive streak, ending negative on Friday to mark the end of the fiscal year at just below 42,000 points. The market kicked off on a positive note but soon succumbed to selling pressure and thereafter, fell consistently to go below the 41,800-point mark. Cherry picking during the final hours meant stocks staged a minor recovery but not enough to end positive. At close, the benchmark KSE 100-share Index recorded a decrease of 86.95 points or 0.21 percent to settle at 41,910.90. Overall, trading volumes increased to 166 million shares compared…
Crude Oil Exports Hit Europe Aframax Rates; VLCCs Cut Clean Tankers Demand US crude oil exports to the Mediterranean and West European countries have dragged down Aframax rates in these areas, seriously hurting the earnings of shipowners in what was earlier one of their most remunerative regions of deployment, a senior research analyst at EA Gibson Shipbrokers quoted as saying last Tuesday. Many research models on US crude exports are based on VLCCs, but interestingly, trading patterns are pushing Aframaxes from the Caribbean region to Europe, resulting in excess supply at the destination and dragging down freight rates and earnings,…
Oil Gains On Anticipation Of Sanctions On Iran Oil prices rose on Friday on concern that US sanctions against Iran would remove a substantial volume of crude oil from world markets at a time of rising global demand. US crude rose 62 cents a barrel to $74.08 by 1:22 p.m. EDT (1722 GMT), on track for a weekly rise of 8.2 percent. The session high of $74.43 was the highest since Nov. 26, 2014. Benchmark Brent crude LCOc1 was up $1.54 at $79.39 a barrel after jumping as much as $1.85 to session high of $79.70. Brent was on track…
Face Reality Exploit the new realities. Today’s new realities fit neither the assumption of the Left not those of the Right. They don’t mesh at all with “what everybody know.” They differ even more from what everybody, regardless of political persuasion, still believes reality to be. “What is” differs totally from what both the Right and the Left believe “ought to be.” The greatest and most dangerous turbulence today results from the collision between the delusions of the decision makers – whether in governments, in the top managements of businesses, or in union leadership – and the realities. But 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]
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 Friday Friday Friday Friday Friday 11-May 18-May 25-May 1-Jun 8-Jun 22-Jun DOLLAR Buying 117.5 117.3 118.5 118.5 118.2 123.75 Selling 117.8 117.85 119.05 119.05 118.75 124.3 POUND Buying 158.5 158.5 158 157.5 158.25 162.25 Selling 160.25 160.25 159.75 159.25 160 164 EURO Buying…
Pakistan Trades (Million Us $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative a b Monthly Period to Period c d Monthly Period to Period a-c b-d 1970-71 683 — — — 1,187 — — — -504 — 1971-72 625 — -8.6 — 954 — -19.6 — -329 — 1972-73 766 — 22.6 — 889 — -6.8 — -123 — 1973-74 1,020 — 33.1 — 1,493 — 67.9 — -473 — 1974-75 978 — -4.1 — 2,114 — 41.6 — -1,137 — 1975-76 1,162 — 18.9 — 2,139 — 1.2 — -977…
Economists believe that growth in exports open various opportunities for any nation’s economy because exports are a main component of Gross Domestic Products (GDP). EXPORT RECEIPTS BY FOOD GROUP (Thousand US Dollar) Details Jan-18 (P) Feb-18 (P) Mar-18 (P) Apr-18 (R) May-18 (P) Food Group 445,295 455,065 582,658 527,025 548,465 01 Rice 209,498 199,329 240,958 170,387 185,114 A) Basmati 36,661 40,938 65,059 41,946 50,652 B) Others 172,837 158,391 175,899 128,441 134,462 02 Fish & Fish Preparations 41,693 31,030 49,952 54,882 56,702 03 Fruits 50,030 52,157 57,911 34,651 27,210 04 Vegetables/Leguminous Vegetable 17,020 20,634 26,162 20,751 14,783 05 Tobacco 1,050 577…
According to the provisional statistics of the Pakistan Bureau of Statistics (PBS), imports into Pakistan during May, 2018 amounted to Rs671,212 million (provisional) as compared to Rs589,741 million (provisional) during April, 2018 and Rs530,620 million during May, 2017 explaining a rise of 13.81 percent over April, 2018 and of 26.50 percent over May, 2017. In terms of US dollars the imports in May, 2018 was $5,814 million (provisional) as against to $5,109 million (provisional) during April, 2018 explaining a rise of 13.80 percent and by 14.77 percent as against to $5,066 million during May, 2017. Imports during July-May, 2017-18 totaled…
The S&P 500 and Dow Jones Industrial Average climbed on Friday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check. Exxon Mobil rose 2.1 percent and Chevron gained 2.0 percent, as the two biggest boosts to the S&P. The S&P energy index was up 2.2 percent, as the sector notched its strongest day in June. A rally in oil prices due to OPEC’s earlier decision to restrict supply in an effort to drain global inventories has given the sector a gain of…
Speculators Creates Waves In The Asian Bulk Carrier Market Despite the global economic recovery that is keeping shipping demand high in Asia, charter rates for large bulk carriers have been fluctuating wildly, driven by investors trading contracts for future carrier charter rates, or freight futures. Price movements in the futures are also causing spot prices for shipping to move erratically. Charter rates for carriers have been on a roller coaster ride since April. Rates for benchmark capesize vessels with a capacity of about 180,000 tons on key routes averaged $7,050 a day on April 5. They nearly tripled to $20,810…
Oil Jumps As Opec Agrees To Modest Output Hikes Oil prices soared on Friday after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. The Organization of the Petroleum Exporting Countries and other top crude producers, meeting in Vienna, agreed to raise output from July by about 1 million barrels per day (bpd). The real increase, however, will be around 770,000 bpd, according to Iraq, because several countries that recently suffered production declines will struggle to reach full quotas, while other producers may not be able to fill…
A Social Ecologist For me the tension between the need for continuity and the need for innovation and change was central to society and civilization. I consider myself a “social ecologist,” concerned with man’s man-made environment the way the natural ecologist studies the biological environment. The term “social ecology” is my own coinage. But the discipline itself boasts and old and distinguished lineage. Its greatest document is Alexis de Tocqueville’s Democracy in America. But no one is as close to me in temperament, concepts, and approach as the mid-Victorian Englishman Walter Bagehot. Living (as I have) in an age of…
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 Friday4-May Friday11-May Friday18-May Friday25-May Friday1-Jun Friday8-Jun DOLLAR Buying 118.25 117.5 117.3 118.5 118.5 118.2 Selling 118.55 117.8 117.85 119.05 119.05 118.75 POUND Buying 161 158.5 158.5 158 157.5 158.25 Selling 162.75 160.25 160.25 159.75 159.25 160 EURO Buying 142 138.85 138.4 138.6 138 137.3…
[divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] POVERTY INCIDENCE IN PAKISTAN Year National Urban Rural 2005-06 50.4 36.6 57.4 2007-08 44.1 32.7 49.7 2010-11 36.8 26.2 42.1 2011-12 36.3 22.8 43.1 2013-14 29.5 18.2 35.6 2015-16 24.3 12.5 30.7 [divider style=”normal” top=”20″ bottom=”20″] [ads1] PAKISTAN: SUPPLY OF AGRICULTURAL CREDIT BY INSTITUTIONS (Rs Billion) Banks Target 2017-18 2017-18 (July-February) Target 2016-17 2016-17 (July-February) % Changeover the Period Disbursement Achieved (%) Disbursement Achieved (%) 5 Major Commercial Banks 516.0 292.0 56.6 342.0 204.4 59.8 42.9 ZTBL 125.0 51.9 41.5 102.5 46.7 45.5 11.2 PPCBL 15.0 6.1 40.5…
In any country, social experts see that charities and community groups bring citizens together, support communities as well as build social capital. Some social experts notice that the voluntary sector/organizations alone cannot solve the all economic challenges facing Pakistan at the moment but can help boost the economic growth. The UNDP’s National Human Development Report (NHDR) has clearly showed that current labor force participation and unemployment rates suggest that Pakistan’s working-age population includes almost 3.5 million unemployed individuals. At the current participation and unemployment levels and considering the number of retirees, the country needs to create 4.5 million jobs over…
Present Economic Survey of Pakistan during FY2018 calculated that over the last decade, Pakistan’s poverty headcount has recorded a persistent fall both at nationwide and regional levels. Percentage of people living below poverty line has fallen from 50.4 percent in FY2006 to 24.3 percent during FY2016. Economic experts also revealed that poverty in both rural and urban regions has also been on the falling trend with poverty headcount of 12.5 percent in Urban and 30.7 percent in rural regions during FY2016. The fall in poverty is more pronounced in urban than rural regions. Targeted poverty reduction programs such as Benazir…
Us Stocks End Higher Despite Global Trade Tension US stock indexes closed higher on Friday as investors shrugged off concerns about global trade tensions but trading volume was relatively light ahead of a busy week of central bank meetings. The S&P 500 stayed in positive territory in the afternoon after reversing losses in the early afternoon with its biggest boosts coming from the health care and consumer staples sectors. Investors appeared to put aside worries about US relations with its biggest trading partners. G7 major nations started what was expected to be a tense meeting after US President Donald Trump’s…
Container Shippers And Lines Battle Over Emergency Bunker Fuel Surcharges Several of the world’s largest container shipping companies have imposed emergency bunker surcharges upon their customers in the past two weeks, seeking to claw back revenues lost to rising fuel bills caused by the jump in crude prices in recent months. France’s CMA CGM announced a $55/TEU surcharge for dry cargo, Israel-based ZIM introduced surcharges ranging from $18-$65/TEU and the Mediterranean Shipping Company (MSC) announced an undetermined surcharge. Hapag-Lloyd and Maersk are reported to have made similar announcements to their customers. [divider style=”normal” top=”20″ bottom=”20″] Container Market Optimism Over Higher…
Oil Prices Tumble, Jp Morgan Cuts Price Forecast Oil prices fell on Friday as concerns about surging US output and falling demand in China weighed on the contract and JP Morgan cut its price forecast. Brent crude futures LCOc1 settled down 86 cents, or 1.1 percent, at $76.46 a barrel. US West Texas Intermediate (WTI) crude futures CLc1 ended 21 cents lower at $65.74 a barrel. For the week, Brent fell 0.5 percent, while US crude slipped 0.3 percent. In the past three weeks, prices have declined from three-year highs as the market has contended with supply concerns. On Friday,…
Feedback: Key to Continuous Learning To know one’s strengths, to know how to improve them, and to know what one cannot do – are the keys to continuous learning. Whenever a Jesuit priest or a Calvinist pastor does anything of significance (for instance, making a key decision), he is expected to write down what results he anticipates. Nine months later, he then feeds back from the actual results to these anticipations. This very soon shows him what he did well and what his strengths are. It also shows him what he has to learn and what habits he has to…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. PAKISTAN MARKET INDICATORS EXCHANGE RATES Currency activity Friday 27-Apr Friday 4-May Friday 11-May Friday 18-May Friday 25-May Friday 1-Jun DOLLAR Buying 118.2 118.25 117.5 117.3 118.5 118.5 Selling 118.5 118.55 117.8 117.85 119.05 119.05 POUND Buying 163.85 161 158.5 158.5 158 157.5 Selling 165.6 162.75 160.25 160.25 159.75 159.25 EURO Buying…
WORKERS’ REMITTANCES (Million US Dollars) Item Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 I. Cash Flow 1,654.45 1,576.72 1,723.57 1,638.72 1,450.17 1,772.77 1,650.59 1 USA 215.64 204.28 234.76 223.94 207.27 236.17 240.39 2 U.K. 270.46 213.47 223.30 235.10 201.01 244.20 232.58 3 Saudi Arabia 461.07 409.52 431.97 383.91 348.31 427.62 399.56 4 U.A.E. 333.57 352.64 396.74 351.58 332.18 420.24 358.28 Dubai 245.41 266.85 286.73 255.02 246.04 310.18 252.01 Abu Dhabi 82.27 80.82 106.06 92.75 82.59 106.11 103.31 Sharjah 5.14 4.56 3.46 3.51 3.31 3.69 2.56 Others 0.75 0.41 0.49 0.30 0.24 0.26 0.40 5 Other GCC Country 184.76 191.83 188.76…
Many economists advise that the remittances are the second largest source of financing after Foreign Direct Investment (FDI) in developing countries. In recent years, they have gained significant importance for their role in balance of payments. They have also urged that there has been growing interest in workers’ remittances as a tool for development and economic growth. According to the present report of State Bank of Pakistan (SBP) overseas Pakistani workers remitted $1.65 billion in April 2018, falling 6.89 percent from March 2018. However, the amount was up 7.25 percent from the corresponding month of last year. SBP reported that…
The State Bank of Pakistan (SBP) rightly making efforts to control the circulation of money (demand & supply) in the market by different monetary decisions and mechanisms in Pakistan as if the monetary policy decisions are effective then it can influence the economic growth and development of country. Recently the SBP has raised the interest rate by 50 basis points to 6.5 percent in May 2018. However some leading businessmen and economists talking to this scribe foresee this rise in interest rate push the domestic exporters and industrialists for further competition against their rivals who enjoy leverage of low interest…
US stocks rise on strong jobs data Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the US economy and geopolitical tensions eased. Technology stocks led the rally, with gains in heavyweight companies such as Apple, Microsoft and Alphabet lifting the S&P 500 tech index to a record high. Government data showed that in May the US economy added 223,000 nonfarm jobs and average hourly wages increased 0.3 percent, both topping economist estimates. The unemployment rate fell to an 18-year low of 3.8 percent. Data on construction spending and industrial production also pointed…
China planning more US coal imports to cut deficit China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the US, sources quoted as saying last week. Chinese officials are currently looking at boosting purchases from West Virginia in particular, said the people, who asked not to be identified because they’re not authorized to speak publicly. They didn’t say whether Beijing is looking at buying more supplies from other states. A final decision hasn’t been made, they said. China this month pledged to increase purchases of US energy and…
World oil prices retreats Oil prices retreated on Friday after strengthening early in the session as US President Donald Trump’s remarks on trade led the dollar to strengthen against other currencies, weakening greenback-denominated commodities including crude. Trump told Canada and the European Union to do more to bring down their trade surpluses, a day after hitting the two US allies and Mexico with import tariffs on their steel and aluminum. The president’s comments led the dollar to strengthen and dollar-denominated commodities to sell off, said John Kilduff, a partner at Again Capital Management. US West Texas Intermediate crude CLc1 fell…
Managing Oneself: Revolution in Society Managing oneself is based on these realities: Workers are likely to outlive organizations, and the knowledge worker has mobility. Managing oneself is a REVOLUTION in human affairs. It requires new and unprecedented things from the individual, and especially from the knowledge worker. For, in effect, it demands that each knowledge worker think and behave as a chief executive officer. It also requires an almost 180-degree change in the knowledge workers’ thoughts and actions from what most of us still take for granted as the way to think and the way to act. The shift from…
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-Apr Friday 27-Apr Friday 4-May Friday 11-May Friday 18-May Friday 25-May DOLLAR Buying 117.5 118.2 118.25 117.5 117.3 118.5 Selling 117.8 118.5 118.55 117.8 117.85 119.05 POUND Buying 164 163.85 161 158.5 158.5 158 Selling 165.75 165.6 162.75 160.25 160.25 159.75 EURO Buying…
Region wise Islamic branches (December 31, 2017) Province/Region Total Number Share (%) Punjab 1,234 47.8 Sindh 750 29.1 Khyber Pakhtunkhwa 296 11.5 Baluchistan 106 4.1 Federal Capital 134 5.2 AJK 40 1.5 Gilgit Baltistan 12 0.5 FATA 9 0.3 Total 2,581 100.0 [divider style=”normal” top=”20″ bottom=”20″] Islamic financing mix (% Share) Details Dec-16 Sep-17 Dec-17 Murabaha 15.8 14.1 13.2 Ijarah 6.8 8.3 6.4 Musharaka 15.6 21.0 22.0 Diminishing Musharaka 34.7 29.1 30.7 Salam 4.4 3.8 2.8 Istisna 8.4 6.2 8.2 Others 14.3 17.5 16.7 Total 100.0 100.0 100.0 [divider style=”normal” top=”20″ bottom=”20″] Islamic financing concentration (% Share) Details Dec-16 Sep-17…
Meezan Bank, which is the first and largest Islamic commercial Bank of Pakistan, have recorded excellent results for the first quarter ended March 31, 2018. They have mentioned in the financial statement that the Bank is now the 7th largest Bank (amongst both Islamic as well as Conventional Banks) in terms of deposits in the country with a branch network of greater than 600 branches in 159 cities. Meezan Bank has consistently been recognized as the Best Islamic Bank in the country by various domestic and foreign institutions, which shows the management of the bank’s commitment to excellence. These institutions…
The Government of Pakistan as also the State Bank of Pakistan (SBP) chiefly concerned with stability and efficiency of the banking system and safeguarding the interests, mainly of small depositors. With this concern in mind it has been planned to operate Islamic banking side by side with traditional banking. In the different research reports experts mentioned that in Pakistan, historically Islamic banking emerged as a response to both economic and also religious needs. They also mentioned that efforts for economy wide elimination of Riba started during 1970s and most of the important and practical steps were taken in 1980s. The…
Selling pressure mounts at Pakistan stocks Bears continued to rule the stock market on Friday as selling pressure pulled the benchmark index down by 462 points, which ended its second successive session in the red. The last trading day of the week was marred by uncertainty and investors chose to remain on the sidelines before the central bank’s announcement of monetary policy. At close, the benchmark KSE 100-share Index recorded a decrease of 462.07 points or 1.09% to settle at 42,074.09. Shares of 313 companies were traded. At the end of the day, 78 stocks closed higher, 214 declined while…
Capesize market’s downside momentum looks to be slowing down The Capesize index has broken support and is now in a corrective phase having made a fresh market low. Downside momentum is showing signs of slowing as we approach the technical support zone. Remains corrective below USD 20,801 unless the index produces a lower high. The June futures have now made a lower low and entered bearish territory. The stochastic is now oversold, a close above USD 16,040 would create a fresh market high indicating bull momentum is gaining, however price would remain below moving averages. The Q3 futures remain corrective…
World oil prices fall $2 per barrel Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures LCOc1 fell $2.35, or 3 percent, to settle at $76.44 a barrel. The global benchmark lost about 2.7 percent this week, its largest weekly drop since early April. The contract hit its highest since late 2014 at $80.50 last week. US West Texas Intermediate (WTI) crude CLc1 slumped $2.83, or 4 percent, to finish at $67.88 a barrel. For the…
Society of Performing Organization “By their fruits ye shall know them.” Society in all developed countries has become a society of organizations in which most, if not all, social tasks are being done in and by an organization. Organizations do not exist for their own sake. They are means: each society’s organ for the discharge of one social task. The organization’s goal is a specific contribution to individual and society. The test of its performance, unlike that of a biological organism, therefore, always lies outside itself. This means that we must know what “performance” means for this or that institution.…
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’S DEBT AND LIABILITIES (Rs in Billion: Provisional) Details Mar-17R Jun-17R Sep-17R Dec-17R Mar-18P I. Government Domestic Debt 14,746.0 14,849.2 15,375.5 15,437.4 16,074.1 II. Government External Debt 5,501.5 5,918.7 6,029.8 6,692.5 7,269.6 III. Debt from IMF 626.4 640.8 654.5 690.9 732.7 IV. External Liabilities1 368.1 373.8 380.2 403.3 432.0 V. Private Sector External Debt 1,039.5 1,171.2 1,253.7 1,334.7 1,416.2 VI. PSEs External Debt 286.4 285.2 314.0…
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-Apr Friday 20-Apr Friday 27-Apr Friday 4-May Friday 11-May Friday 18-May DOLLAR Buying 116.65 117.5 118.2 118.25 117.5 117.3 Selling 117.45 117.8 118.5 118.55 117.8 117.85 POUND Buying 164.5 164 163.85 161 158.5 158.5 Selling 166.25 165.75 165.6 162.75 160.25 160.25 EURO Buying…
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International report mentioned that yet, 263 million children and young people are out of school around the world. The very important question is, when we think of international educational systems, what types of words come to our mind? How our educational practitioners, policymakers, and leaders are thinking to enhance this system. Who is thinking about the major challenges of students in the world? Unluckily, Pakistan is one of those very few countries where the system of education has constantly deteriorated. The situation at present is so bad that our system of education is almost near collapse as the Government of…
United Nations always protect the world from various type risks or unrests like; economic unrest, social unrest as well as political unrest. United Nations development programs (UNDP) introduced the Millennium Development Goals (MDGs) which is now known as after 2016 the Sustainable Development Goals (SDGs), otherwise known as the Global Goals. Experts mention that these 17 Goals build on the successes of MDGs, while counting new areas like climate change, economic inequality, innovation, sustainable consumption, peace and justice, among other priorities. Various experts also mention that the SDGs are also called as “Transforming our World: the 2030 Agenda for Sustainable…
Pakistan stocks post 6th successive negative close The KSE-100 Index dropped for the sixth successive trading session, reaching close to 41,500 points as selling pressure persisted amid concerns over Pakistan’s macroeconomic indicators and political uncertainty. At close, the benchmark KSE 100-share Index recorded a decrease of 246.13 points or 0.59 percent to settle at 41,623.52. Shares of 313 companies were traded. At the end of the day, 78 stocks closed higher, 218 declined while 17 remained unchanged. Overall, trading volumes rose to 82.8 million shares compared with Thursday’s tally of 56.9 million. The value of shares traded during the day…
Panamax index looking bearish The Panamax index is now on the lower range support and at major Fibonacci level. Technically bearish the index needs to see a close above US$10,261 for the trend to be considered as turning. However, and early signal would come from a close above US$10,089 as this would be a three-day high. The June futures remain technically bearish and are now testing the recent lows within a range, which is putting a neutral bias on the bearish trend. The stochastic is showing a bullish divergence indicating downside momentum could be slowing. However, this needs to be…
World oil prices stay lower Oil prices fell on Friday, but Brent crude was on track for a sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran. Brent futures LCOc1 for July delivery fell 26 cents, 0.3 percent, to $79.04 a barrel, by 1:08 p.m. EDT (1708 GMT). The global benchmark on Thursday broke through $80 for the first time since November 2014, and investors anticipate more gains due to supply concerns, at least in the short-term. Brent has gained about 20 percent since the start of the year. US…
The Function of Management Is to Produce Results Above all management is responsible for producing results. Management has to give direction to the institution it manages. It has to think through the institution’s mission, has to set its objectives, and has to organize resources for the results the institution has to contribute. Management is, indeed, J.B. Say’s “entrepreneur” and responsible for directing vision and resources toward greatest results and contributions. In performing these essential functions, management everywhere faces the same problems. It has to organize work for productivity; it has to lead the worker toward productivity and achievement. It is…
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 GDP From Services 6970204 PKR Million Dec/17 6577139 GDP From Transport 1551714 PKR Million Dec/17 1492876 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…
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 INDICATOR EXCHANGE RATES Currency activity Friday 6-Apr Friday 13-Apr Friday 20-Apr Friday 27-Apr Friday 4-May Friday 11-May DOLLAR Buying 116.35 116.65 117.5 118.2 118.25 117.5 Selling 117.15 117.45 117.8 118.5 118.55 117.8 POUND Buying 161.5 164.5 164 163.85 161 158.5 Selling 163.25 166.25 165.75 165.6 162.75 160.25 EURO Buying…
Pakistan: Salient features of the Budget 2018-19 The total outlay of budget 2018-19 is Rs 5,932.5 billion. This size is 16.2% higher than the size of budget estimates 2017-18. The resource availability during 2018-19 has been estimated at Rs 4,917.2 billion against Rs 4,713.7 billion in the budget estimates of 2017-18. The net revenue receipts for 2018-19 have been estimated at Rs 3,070.4 billion indicating an increase of 4.9% over the budget estimates of 2017-18. The provincial share in federal taxes is estimated at Rs 2,590.1 billion during 2018-19, which is 8.6% higher than the budget estimates for 2017-18. The…
Business community predicts that Global Asset Markets would not be as productive or as calm in the year 2018 as they have been in 2017. Furthermore, statistics explicit that every main stock market recorded strong gains for the year amid record low volatility. The corporate profit growth was strong almost everywhere, by the standards of the post-crisis era. Despite all this, the Government of Pakistan merged all three stock exchanges into one Pakistan Stock Exchange (PSX), which is currently offering a single platform to financiers mainly to the international investors. The government statistics show that the period from July-March FY…
The educators proclaimed that education sector is one of the main sectors in the world which empowers and creates ability among the individuals and the societies to utilize their human capabilities and also builds a strong correlation with socio-economic development. In this regard the development of a widely accessible quality and equitable education system is a critical requirement. Yet, 263 million children and young people are out of school around the globe. Research studies mentioned that in most states basic education is presently thought not only as a right, but also as a prime responsibility – governments are typically predicted…
Pakistan stocks bearish again After a positive finish on Thursday, the KSE-100 turned bearish once again, falling 261 points as political and economic uncertainty took toll on investor sentiment. The KSE-100 opened on a positive note, with the index crossing the 44,000 mark, as investors resumed buying. However, the momentum could not be sustained and the index fell to hit a low of 43,550.68. At close, the benchmark KSE 100-share Index recorded a decrease of 260.99 points or 0.60 percent to settle at 43,594.79. However, on account of political noise and foreign selling, the KSE-100 Index plummeted to close 261…