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…
Author: S. Kamal Hayder Kazmi
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…
Shipping industry braces for new sanctions on Iran The US decision to reinstate sanctions on Iran over its nuclear program, may result in more trade, to and from the Persian Gulf country, on ships controlled by European companies, but credit finance related hassles cannot be ruled out, market participants quoted as saying on Wednesday. The development is significant as it can have serious implications on trade flows with billions of dollars worth of commodities being moved regularly in and out of Iran by trading and shipping companies such as Vitol, Glencore, Torm and Maersk Tankers. [divider style=”normal” top=”20″ bottom=”20″] Major…
Oil near multi-year highs Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new US sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand. The United States plans to reintroduce sanctions against Iran, which pumps about 4 percent of the world’s oil, after abandoning a deal reached in late 2015 that limited Tehran’s nuclear ambitions in exchange for the removal of US and European sanctions. The global oil market is finely balanced, with top exporter Saudi Arabia and No.1 producer…
Organizational Inertia All organizations need a discipline that makes them face up to reality. All organizations need to know that virtually no program or activity will perform effectively for a long time without modification and redesign. Eventually every activity becomes obsolete. Among organizations that ignore this fact, the worst offender if government. Indeed, the inability to stop doing anything is the central disease of government and a major reason why government today is sick. Hospitals and universities are only a little better than government in getting rid of yesterday. Businessmen are just as sentimental about yesterday as bureaucrats. They are…
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 per capita 1182 USD Dec/16 1140 Unemployment Rate 5.9 % Dec/16 5.9 Employed Persons 57420 Thousand Dec/15 56520 Unemployed Persons 3620 Thousand Dec/15 3580 Population 208 Million Dec/16 190 Living Wage Family 28800 PKR/Month Dec/17 29000 Consumer Price Index CPI 224 Index Points Apr/18 220 Core Inflation Rate 7 % Apr/18 5.8 GDP Deflator 257 Index Points…
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 30-Mar Friday 6-Apr Friday 13-Apr Friday 20-Apr Friday 27-Apr Friday 4-May DOLLAR Buying 115.9 116.35 116.65 117.5 118.2 118.25 Selling 116.2 117.15 117.45 117.8 118.5 118.55 POUND Buying 161 161.5 164.5 164 163.85 161 Selling 162.75 163.25 166.25 165.75 165.6 162.75 EURO Buying…
Pakistan: Major Exports Markets (Rs billion & Percentage share) Details FY2015 FY2016 FY2017 July-January FY2017 FY2018 Rs % Share Rs % Share Rs % Share Rs % Share Rs % Share USA 374.4 16 364.8 17 361.1 17 205.3 17 222.5 16 CHINA 219.9 9 174.0 8 153.8 7 96.7 8 96.3 7 AFGHANISTAN 198.8 8 149.9 7 133.1 6 79.0 6 95.4 7 UNITED KINGDOM 160.2 7 164.7 8 163.1 8 93.4 8 102.7 7 GERMANY 119.0 5 118.0 5 125.1 6 71.7 6 82.2 6 U.A.E 102.9 4 85.5 4 83.0 4 43.2 4 50.3 4 [divider style=”normal”…
Various experts suggest that the Government of Pakistan needs review to the Free Trade Agreement (FTA) with our great friend China mainly for quality and product safety, make essential amendments and bring stringent principles for complying with the standard requirements of the Chinese commodities landing on our ports. It is also assumed that the entire Chinese market shall be obtainable to Pakistan; instead, we have lost various industries due to the influx of Chinese products. Experts also calculated that the trade volume because of agreement between these states was recorded $13 billion during 2013, and stood to $20 billion by…
Learning Chinese language is not tough if one can focus on it with dedication believe many youngsters in Pakistan. Some Language instructors state that Chinese language is a language of sharp-minded people and the Chinese professionals are getting handsome salary in Pakistan. In the future, it is also expected that thousands of Chinese language professionals and interpreters will be required to meet the rising needs of CPEC project (China-Pakistan Economic Corridor). No doubt, both the governments are working on people connectivity through organizing study centers. Different research studies revealed that Pakistan-China educational exchanges and cooperation have developed a lot too…
US markets rise on Apple, other technology stocks Apple and other technology stocks led a rally on Wall Street on Friday after weaker-than-expected US wage growth data eased concerns about faster interest-rate hikes. Shares of Apple Inc jumped to a record high of $184.00 during the session after Warren Buffett’s Berkshire Hathaway Inc disclosed that it had raised its stake in the iPhone maker. Apple shares were last up 3.9 percent. The company’s stock is on track for its greatest weekly percentage gain since October 2011. The S&P 500 technology sector was up 1.9 percent, the biggest gainer on the…
Baltic index falls on broad retreat The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Tuesday, hurt by weaker rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 14 points, or 1 percent, at 1,327 points. The capesize index lost 37 points, or 1.7 percent, to end at 2,136 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were down $286 to $16,890. [divider style=”normal” top=”20″…
World oil hits highest since November 2014 Oil prices rose about 2 percent on Friday, with US crude hitting its highest in more than three years, as global supplies remained tight and the market awaited news from Washington on possible new US sanctions against Iran. US light crude settled up $1.29 at $69.72 a barrel. It touched a session peak of $69.97 for the first time since November 2014. It was on track to gain just over 2.3 percent on the week. Brent crude oil settled up $1.25 at $74.87 a barrel. The global benchmark was set to end the…
Limits of Social Responsibility “It is not enough for business to do well; it must also do good.” But in order to “do good,” a business must first “do well.” Whenever a business has disregarded the limitation of economic performance and has assumed social responsibilities that it could not support economically, it has soon gotten into trouble. Union carbide was not socially responsible when it put its into Vienna, West Virginia, to alleviate unemployment there. It was, in fact, irresponsible. The plant was marginal to begin with. The process was obsolescent. At best the plant could barely keep its head…
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 Inflation Rate 3.68 % Apr/18 3.25 Consumer Price Index CPI 224 Index Points Apr/18 220 Core Inflation Rate 5.8 % Mar/18 5.2 GDP Deflator 257 Index Points Dec/16 251 Producer Prices 228 Index Points Apr/18 225 Export Prices 715 Index Points Dec/17 708 Import Prices 1209 Index Points Dec/17 1204 CPI Transportation 187 Index Points Apr/18 187 Food…
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 23-Mar Friday 30-Mar Friday 6-Apr Friday 13-Apr Friday 20-Apr Friday 27-Apr DOLLAR Buying 115.5 115.9 116.35 116.65 117.5 118.2 Selling 117.2 116.2 117.15 117.45 117.8 118.5 POUND Buying 160 161 161.5 164.5 164 163.85 Selling 161.75 162.75 163.25 166.25 165.75 165.6 EURO Buying…
Pakistan: Salient features of the budget 2017-18 The total outlay of budget 2017-18 is Rs 5,103.8 billion. This size is 4.3% higher than the size of budget estimates 2016-17. The resource availability during 2017-18 has been estimated at Rs 4,713.7 billion against Rs 4,442 billion in the budget estimates of 2016-17. The net revenue receipts for 2017-18 have been estimated at Rs 2,926 billion indicating an increase of 5.3% over the budget estimates of 2016-17. The provincial share in federal taxes is estimated at Rs 2,384.2 billion during 2017-18, which is 11.6% higher than the budget estimates for 2016-17. The…
Economists believed that one major cause for a trade deficit could be that the country is growing faster than its trading partners in the world. They also believed that faster growth attracts investment, which, along with rising incomes, permits the country with the deficit to buy more imports. Moreover, when growth is slower, demand for imports slides and capital flows to greener pastures. In Pakistan, Pakistan Bureau of Statistics (PBS) current report based on the provisional statistics of imports and exports shows the balance of trade in March-2018 was (-) 341,676 million in terms of Rupees and (-) 3,049 million…
The World Bank officials revealed in a statement that the prices for energy commodities like oil, natural gas and coal are estimated to jump by a whopping 20 percent in 2018. The rise in energy prices is predicted to have an adverse impact on India, because it heavily depends on these commodities. The officials also predicted that the oil prices are forecast to average USD 65 a barrel over 2018, up from an average of USD 53 a barrel in 2017, on strong demand from consumers and restraint by oil producers, while metals prices are predicted to increase 9 percent…
Pakistan shares manage gains ahead of budget The stock market snapped the three-day losing streak on Friday with the KSE-100 Index recovering 81.91 points (0.18 per cent) to close at 45,542.78. Investors put politics on the back burner as the excitement over budget anticipation seized their attention. Intermarket Securities said that the volatility surged ahead of the budget on mixed opinions and news flow relating to the proposals. Earnings season also influenced market behavior. It is observed that the stocks’ recovery was led by oil, banking and auto scrips in the earnings season rally at PSX as investors speculated on…
First-ever independent audited benchmark for container shipping For the first time ever the global container shipping industry will have an independent, audited benchmark thanks to an innovative tie-up between the Baltic Exchange, the most trusted name in freight benchmarking, and Freightos, the digital container freight platform. The two organizations on (25 April) announced at Singapore Maritime Week that the Freightos International Freight Index, which reflects weekly spot rates for 40-foot containers based on 12 to 18 million price points collected every week on 12 main shipping trade lanes, will be audited by the Baltic Exchange and republished as the Freightos…
Global steel output soars 4pc in March Global crude steel production rose four percent in March as mills in top producer China ramped up output after winter restrictions were lifted and as US producers took advantage of import tariffs to churn out more metal. The steel industry, worth about $900 billion a year, is seen as a gauge of the world’s economic health. Global crude steel production rose to 148 million tonnes in March, figures from the World Steel Association (worldsteel) showed on Wednesday. Crude steel output from China, which produces about half the world’s steel, rose to 74.0 million…
Common Core of Unity There has to be a “common culture” or at least a “cultural affinity.” Successful diversification by acquisition, like all successful diversification, requires a common core of unity. The two businesses must have in common either markets or technology; through occasionally a comparable production process has also provided sufficient unity of experience and expertise, as well as a common language, to bring companies together. With-out such a core of unity, diversification, especially by acquisition, never works; financial ties alone are insufficient. One example is a big French company that has been built by acquiring producers of all…
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 116 Apr/18 116 Stock Market 45743 points Apr/18 45718 Government Bond 10Y 9 % Apr/18 9 GDP Annual Growth Rate 5.28 % Dec/16 4.51 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 12416918 PKR Million Dec/17 11749685 Gross National Product 13081028 PKR Million Dec/17 12405972 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
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 16-Mar Friday 23-Mar Friday 30-Mar Friday 6-Apr Friday 13-Apr Friday 20-Apr DOLLAR Buying 111.5 115.5 115.9 116.35 116.65 117.5 Selling 111.8 117.2 116.2 117.15 117.45 117.8 POUND Buying 154.5 160 161 161.5 164.5 164 Selling 156.25 161.75 162.75 163.25 166.25 165.75 EURO Buying…
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Economists believed that the fertilizer is the most significant and expensive agricultural input in any economy. In Pakistan the Ministry of Finance mentioned in the report that fertilizer contribution to increase in crop yield is from 30 to 50 percent. Almost all of our soils are deficient in nitrogen, 90 percent soils have deficiency of phosphorus while 40 percent are deficient in potash. The local production of fertilizers during 2016-17 (July-March) declined slightly by 0.3 percent over the corresponding period of last fiscal year. The imported fertilizer also declined by 5.8 percent. Various researchers’ statistics show that our country has…
Economists revealed that food inflation disturbs everyone especially the poor because they spend higher proportion of their income on food commodities comparatively rich people, mainly in Pakistan. Global food inflation caused food inflation in our country. However, food inflation diffusion has been lower as compared to non food inflation in Pakistan. Food inflation volatility in the country was found to be half of that observed globally. Presently, Pakistan Bureau of Statistics (PBS) recorded in a current statement that the consumer price index (CPI) inflation General grew by 3.2 percent on year-on-year (YoY) basis during March 2018 as against to a…
Pakistan stock end in the red The stock market endured a volatile session on Friday as the index oscillated between red and black zones to end trading below 45,300 points. The KSE-100 Index opened on a positive note, but it failed to sustain the momentum as selling pressure mounted. Overall, trading volumes fell to 144 million shares compared with Thursday’s tally of 183 million. Shares of 369 companies were traded. At the end of the day, 142 stocks closed higher, 206 declined while 21 remained unchanged. The value of shares traded during the day was Rs6.5 billion. Lotte Chemical XD…
Dry bulk FFA: panamax in bearish territory Price action in the Panamax index has now entered bearish territory on the daily chart. However, the longer-term picture would suggest we have been in a technical range for the last 7 months with range support at USD 9,856. The May futures remain neutral to bearish below the USD 12,755. Upside moves that close above this level would have short term bullish implications. However, the EMA’s would remain in bearish territory. The Q3 futures look overbought from a technical perspective. The big question are we still on leg 4, or have we already…
Trump rails against high oil prices, OPEC pushes back US President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes from some of the world’s top energy exporters. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump wrote on Twitter. It was unclear what triggered the tweet, Trump’s first mention of OPEC on social media during his term. US oil prices are near a three-year high, at close…
Business Not Financial Strategy “There ain’t no bargains,” and “You get at most what you pay for,” Successful acquisitions are based upon business plans, not financial analyses. Acquisition targets must fit the business strategies of the acquiring company; other wise, the acquisition is likely to fail. The worst acquisition record of the last decades of the twentieth century was that of Peter Grace, the longtime CEP of W. R. Grace. He was a brilliant man. He set out in the 1950s to build a world-class multinational through financially-based acquisitions. He assembled the ablest group of financial analysts and had them…
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 116 Apr/18 116 Stock Market 45479 points Apr/18 45802 Government Bond 10Y 9 % Apr/18 9 GDP Annual Growth Rate 5.28 % Dec/16 4.51 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 12416918 PKR Million Dec/17 11749685 Gross National Product 13081028 PKR Million Dec/17 12405972 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
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 9-Mar Friday 16-Mar Friday 23-Mar Friday 30-Mar Friday 6-Apr Friday 13-Apr DOLLAR Buying 111.85 111.5 115.5 115.9 116.35 116.65 Selling 112.15 111.8 117.2 116.2 117.15 117.45 POUND Buying 153.25 154.5 160 161 161.5 164.5 Selling 155 156.25 161.75 162.75 163.25 166.25 EURO…
PAKISTAN EXPORTS OF CEMENT AND CLINKER Financial Years Cement Clinker Total Exports %age Incr/(Decr) Export Breakup Afghanistan Via Land India Via Sea & Land Other Countries Via Sea Other Countries Via Sea North Zone South Zone Quantity in Metric Tons Quantity in Metric Tons 2005-2006 1,413,994 – 91,165 – 1,505,159 -3.83% 1,409,492 95,667 2006-2007 1,725,476 – 1,111,405 390,973 3,227,854 114.45% 1,929,938 1,297,983 2007-2008 2,777,826 786,672 3,045,995 1,106,127 7,716,620 139.06% 5,111,607 2,605,013 2008-2009 3,148,306 634,455 6,061,035 908,690 10,752,486 39.34% 6,989,136 3,763,351 2009-2010 4,017,361 722,968 5,625,391 283,436 10,649,156 -0.96% 6,952,774 3,696,381 2010-2011 4,726,996 590,104 3,910,675 200,169 9,427,943 -11.47% 6,688,655 2,739,284 2011-2012 4,715,109…