Mughal Iron & Steel Industries Limited (Mughal Steel), principal activity is manufacturing and trading of mild steel products. The management announced its financial results for the half year closed December 31, 2017, where the financial experts of the company recorded that the sales revenue of the company grew from Rs. 8,683.993 million to Rs. 11,184.902 million as against to the same period previous year. Rise in sales revenue was chiefly because of significant rise in sale of Mughal Supreme along with rise in sale of steel bars (Grade-60) also. Increase in sale was also complimented by increase in sale prices.…
Author: S. Kamal Hayder Kazmi
D. G. Khan Cement Company Limited (DGKC) always offers the high quality of cement dispatched in Pakistan and also focuses on its financial performance in the competitive market. The management of the company mentioned that the DGKC’s plants and operations are complying with global and nationwide environmental standards. DGKC is completely cognizant of its responsibility towards society and welfare programs. To enhance economic performance of Pakistan, the company is spending on education, health, medical and fire-fighting facilities, water supply to nearby localities, aiding in emergency and disaster situations in nearby areas, awareness campaigns etc. In the FY2018 half yearly performance…
US markets down as bank stocks, Syria conflict weigh Financial stocks led a drop on Wall Street on Friday as results from big banks failed to enthuse and fear of broader conflict in Syria further unnerved investors. The S&P banks index fell 2.6 percent and the broader S&P financial index lost 1.6 percent, the most among the 11 major S&P sectors. Shares of JPMorgan Chase & Co, the biggest US bank by assets, dropped 2.7 percent after the bank’s quarterly profit fell slightly short of expectations. JPMorgan shares were the biggest weight on the S&P 500. Wells Fargo sank 3.4…
Shipping fuel costs to spike 25pc in 2020 on Sulphur Cap Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick in, consultants Wood Mackenzie quoted as saying last Wednesday. The ballooning costs will come as the change in regulations forces a portion of the world’s fleet to switch to lower sulphur, but higher cost, fuels such as marine gasoil (MGO) and ultra low sulphur fuel oil. The International Maritime Organization’s (IMO) rules targeting air pollution will cut the maximum amount of sulphur emissions that ships worldwide can…
Oil rises, makes largest weekly gain since July Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of Western military action in Syria and reports of dwindling global oil inventories. The prospect of military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no sign a US-led attack was imminent. Traders sought to lock in long crude oil positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management. “The geopolitical jitters just keep getting priced in here…
Resource-allocation decisions The allocation of capital and people determine whether the organization will do well or poorly. The allocation of capital and performing people converts into action all that management knows about its business – they determine whether the organization will do well or well or poorly. An organization should allocate human resources as purposefully and as thoughtfully as it allocates capital. To understand a capital investment, a company has to look at four measures: return on investment, payback period, cash flow, and discounted present value. Each of these four measures tells the executive something different about a prospective capital…
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 46486 points Apr/18 46477 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…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 2-Mar Friday 9-Mar Friday 16-Mar Friday 23-Mar Friday 30-Mar Friday 6-Apr Dollar Buying 111.95 111.85 111.5 115.5 115.9 116.35 Selling 112.25 112.15 111.8 117.2 116.2 117.15 Pound Buying 154 153.25 154.5 160 161 161.5 Selling 155.75 155 156.25 161.75 162.75 163.25 Euro Buying 137 136.75 136.5 140 141 141.25 Selling 138.2 137.95 137.7 141.2 142.2 142.45 Canadian $ Buying 87 86.5 86 87.75 88.8 90.5 Selling 87.85 87.35 86.85 88.6 89.65 91.35 Jap Yen Buying 1.02 1.02 1.02 1.08 1.01 1.06 Selling 1.05 1.05 1.05 1.11 1.04 1.09 HK $ Buying 14…
DEPOSIT DISTRIBUTED BY CATEGORY OF DEPOSIT HOLDERS* (Million Rupees) Description Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 1. Non Resident Deposits 126,941 127,022 128,012 135,521 131,905 133,871 2. Resident (I+II+III+IV+V+VI+VII) 11,507,713 11,571,062 11,563,544 11,811,369 11,719,507 11,746,643 I. Government (Including Federal, Provincial & Local) 1,618,127 1,647,056 1,639,556 1,669,449 1,764,888 1,746,592 II. Non-Financial Public Sector Enterprises (NFPSE) 736,229 733,949 731,671 701,247 702,136 682,951 III. Non-Bank Financial Institutions (NBFIs) 414,535 367,452 345,446 435,647 364,663 306,294 IV. Private Sector (Business) 2,789,461 2,817,129 2,778,907 2,909,870 2,755,865 2,802,131 Agriculture, hunting and forestry 243,972 252,173 237,123 231,410 239,914 237,751 Growing of crops 221,934 227,392 214,015 207,597 216,874 212,657…
National Bank of Pakistan (NBP) always brings superior technology, products and services to their customers in the whole country, counting the northern, rural and suburb sectors. In 2017, NBP installed the world’s highest ATM at Khunjerab Pass, near Pakistan-China border at an altitude of 15,397 feet above the sea level. This initiative shows that the bank supports their customer at every step of the way and cover vast distances to be there and offer convenience to them. Furthermore, the management always focuses on the balance sheet items and also makes its performance best in the banking sector of Pakistan. In…
Experts urge cut in deposit and lending rates and to sever investment in gilt-edged securities Various banking experts urge that Pakistan’s banking system is not far behind the developed states in promoting innovative techniques and upgrading skill level within the banking system. They however urged that there are two areas which need to be attended immediately by the banking authorities to boost the development prospects in Pakistan. Firstly, spreads between the deposit and lending rates need to be declined and profits on deposits may be chiefly increased so as to encourage the depositors to save more rather than consume. Secondly,…
KSE-100 reacts positively to amnesty scheme An exceptionally remarkable session ended on a dull note on Friday as the KSE-100 Index settled just 76.80 points higher on last trading day of the week, which was its eighth successive session in the black. Following announcement of an amnesty scheme by the Prime Minister on Thursday, investors were ecstatic and resorted to heavy buying, which propelled the index to a gain of over 580 points in intra-day trading. Although the rally lasted only for the first hour, the index managed to power past 47,100 points. Overall, trading volumes increased to 248 million…
Slow and steady recovery for container shipping The outlook for the container shipping market in 2018 and 2019 is a combination of healthy demand growth that will outpace the fleet; resulting in a better supply-demand balance and slightly higher freight rates and profits for carriers, according to the latest edition of the Container Forecaster published by global shipping consultancy Drewry. The bad news for carriers is that they are unlikely to see the very strong demand growth rates of early 2017 for the foreseeable future. The good news is that while port handling growth may have peaked, they can still…
Bahrain takes giant discovery of 80bn barrels of oil Bahrain announced on Wednesday the size of the oil reserves in the giant discovery that it had made, and figures dwarf the proved reserves that the island kingdom in the Persian Gulf had prior to the latest oil find. The huge discovery in west Bahrain, named Khalij Al-Bahrain Basin, is estimated to hold more than 80 billion barrels of oil, Oil Minister Sheikh Mohammed bin Khalifa Al-Khalifa quoted as saying. The volume of natural gas at the field is estimated to be between 10 trillion and 20 trillion cubic feet. [divider…
EVA AS A PRODUCTIVITY MEASURE Until a business returns a profit that is greater than its cost of capital, it does not create wealth, it destroys it. Measuring total-factor productivity is one of the major challenges confronting the executive in the age of knowledge work. For manual work, measuring quantity is usually sufficient. In knowledge work, we have to manage both quantity and quality, and we do not know yet how to do that. We must try to assess total-factor productivity using the common denominator of revenues and expenses. By measuring the value added over all costs, including the cost…
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 115 Apr/18 115 Stock Market 46104 points Apr/18 46013 Government Bond 10Y 9 % Apr/18 9 GDP Annual Growth Rate 5.28 % Dec/16 4.58 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…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 23-Feb Friday 2-Mar Friday 9-Mar Friday 16-Mar Friday 23-Mar Friday 30-Mar DOLLAR Buying 111.65 111.95 111.85 111.5 115.5 115.9 Selling 111.95 112.25 112.15 111.8 117.2 116.2 POUND Buying 154.6 154 153.25 154.5 160 161 Selling 156.35 155.75 155 156.25 161.75 162.75 EURO Buying 136.6 137 136.75 136.5 140 141 Selling 137.8 138.2 137.95 137.7 141.2 142.2 CANADIAN $ Buying 88.35 87 86.5 86 87.75 88.8 Selling 89.2 87.85 87.35 86.85 88.6 89.65 JAP YEN Buying 1.01 1.02 1.02 1.02 1.08 1.01 Selling 1.04 1.05 1.05 1.05 1.11 1.04 HK $ Buying 14.05…
Fatalities in terrorist violence in Pakistan Year Civilians Security Force Personnel Terrorists/Insurgents Total 2000 45 0 0 45 2001 29 9 0 38 2002 88 7 44 139 2003 140 24 25 189 2004 435 184 244 863 2005 430 81 137 648 2006 608 325 538 1471 2007 1522 597 1479 3598 2008 2155 654 3906 6715 2009 2324 991 8389 11704 2010 1796 469 5170 7435 2011 2738 765 2800 6303 2012 3007 732 2472 6211 2013 3001 676 1702 5379 2014 1781 533 3182 5496 2015 940 339 2403 3682 2016 612 293 898 1803 2017 540…
Statistics show that water crisis is not just an issue in Pakistan but it is also becoming a worldwide issue. According to the statistics published in the United Nations World Water Development Report 2018, the worldwide demand for water has been growing at a rate of about 1.0 percent per year as a function of population growth, economic development and changing consumption patterns, among other factors, and it would continue to rise considerably over the next two decades. The report also showed that the industrial and local demand for water would rise much faster than agricultural demand, although agriculture will…
Various economists identified in their research reports that the existence of great and persistent current account deficit is always looked with large concerns, as it usually leads an economy to a state of insolvency because of building up excessive net foreign debt. They also identified that the current account is also a variable that is both a broad reflection of the stance of macroeconomic strategies and a source of information about the behavior of economic agents in any state. It impacts not only alters in a country’s trade flows, but also the difference between a country’s saving and investment gap.…
Saudi index moves sideways after winning FTSE emerging market status Saudi Arabia’s stock market moved sideways in early Thursday trade after index compiler FTSE Russell said it would upgrade Riyadh to emerging market status, a move expected to draw billions of dollars of fresh foreign money in the next two years. FTSE’s decision is extremely positive for the market in the long term, and is expected to be followed by a similar decision by rival index compiler MSCI in June. But it will only take effect in stages between March and December 2019. Only then will passive funds linked to…
Greek shipping fleet hits all-time high mark Ongoing tax issues and economic woes at home have failed to slow the growth of the Greek-controlled merchant fleet which hit an all-time high last year in terms carry capacity. The Greek fleet of ships over 1,000gt stood at 4,148 ships of 342m dwt and 199.3m gt mid-March, an increase of 64 vessels, 13m dwt and 6.88m gt, on 12 months ago. The carrying capacity and gross tonnage have bounded along to all-time highs, with the Greek armada now just short of the 4,173 strong fleet in 2008, pre-crisis Latest figures include 200…
World oil prices rise Oil prices rose on Thursday as the equities markets rallied and as market participants weighed a rise in US crude inventories and production against continued OPEC supply curbs. Prices for the more actively traded June Brent crude futures LCOc2 were up 58 cents to settle at $69.34, while the May contract LCOc1 expiring on Thursday was up 74 cents at $70.27. West Texas Intermediate (WTI) crude futures CLc1 gained 56 cents to settle at $64.94. WTI’s discount to Brent WTCLc1-LCOc1 has grown to more than $5 a barrel, the biggest since January, making Brent-linked crudes less…
INFORMATION ON COST AND VALUE We cannot achieve results until we have information on cost and value. Basic structural information is focused upon the value that is created for customers and the resources used to do so. The concepts and tools of accounting are now in the throes of its most fundamental change. The new accounting tools are not just different views of recording transactions but represent different concepts of what business is and what results are. So even the executive far removed from any work in accounting, such as a research manager in a development laboratory, needs to understand…
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 115 Mar/18 115 Stock Market 45173 points Mar/18 45004 Government Bond 10Y 9 % Mar/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 16-Feb Friday 23-Feb Friday 2-Mar Friday 9-Mar Friday 16-Mar Friday 23-Mar DOLLAR Buying 111.6 111.65 111.95 111.85 111.5 115.5 Selling 111.9 111.95 112.25 112.15 111.8 117.2 POUND Buying 156.25 154.6 154 153.25 154.5 160 Selling 158 156.35 155.75 155 156.25 161.75 EURO Buying 138.5 136.6 137 136.75 136.5 140 Selling 139.7 137.8 138.2 137.95 137.7 141.2 CANADIAN $ Buying 88.5 88.35 87 86.5 86 87.75 Selling 89.35 89.2 87.85 87.35 86.85 88.6 JAP YEN Buying 1.02 1.01 1.02 1.02 1.02 1.08 Selling 1.05 1.04 1.05 1.05 1.05 1.11 HK $ Buying 14.05…
PROVINCIAL FISCAL OPERATIONS DURING JUL-SEPT (billion rupees) Punjab Sindh KP Balochistan Total Growth FY2018 A. Total Revenue 254.3 153.1 72.1 65.1 544.6 9.0 Provincial share in federal revenue 200.7 106.2 66.3 55.5 428.7 2.9 Provincial Revenue (I+II) 58.0 41.8 6.5 7.9 114.2 43.7 I. Taxes 45.0 36.0 4.0 1.8 86.9 34.9 II. Non-tax revenue 13.0 5.8 2.5 6.1 27.4 81.8 Fed loans and transfers -4.4 5.0 -0.7 1.7 1.7 -53.8 B. Total expenditure 248.6 139.2 66.6 38.7 493.0 17.6 Current 182.9 119.9 56.8 38.0 397.6 25.8 Development 65.7 19.3 9.8 0.7 95.4 -7.4 Gap (A-B) 5.7 13.9 5.6 26.5 51.6…
Economic managers identified that tax revenues are the most efficient and effective way to increase country’s local resource mobilization and under the attempts the state increases its income to meet compulsory public expenditures. They also mention that it supports the government in growing its capacity to direct the resources for development, reducing poverty and delivering public services. However, to attain these objectives, it is significant to build an efficient, equitable and growth-oriented tax system. Over the years, the Government of Pakistan has faced various political, economic and administrative issues along with inherent structural challenges, like a narrow tax base, huge…
A research report revealed that from 2017 to 2026, global population is predicted to increase almost 8 percent and also sugar consumption about 16 percent during the same period. It is written in the United States department of agriculture (USDA), world sugar production of 2017-18 is predicted at 179.636 million tons as compared to consumption of 171.559 million tons. This explains that during 2017-18, sugar price may remain at the lowest ebb because of increased supply and declining demand. It is also calculated that the higher production is predicted for Thailand, India, China and European Union as well. In the…
US stocks tumble on trade war fears Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential US trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses. In a volatile session, the S&P 500 came within a hair of its 200-day moving average, a key technical level. The benchmark index also nudged closer to its February low, which marked a correction, ending 9.9 percent lower than its Jan. 26 record. President Donald Trump’s plans for tariffs on…
Asian ports face $49 billion climate adaptation costs Protecting Asia-Pacific ports against climate change could cost up to US$49 billion, according to new research commissioned by HSBC from sustainability analysts Asia Research and Engagement (ARE). The report – Climate Costs for Asia Pacific Ports – evaluates the climate risk of 53 of the Asia Pacific region’s largest ports and estimates costs for adaptation. It also outlines recommendations to investors, port authorities and governments for how to manage risk in the future. Covering ports across Japan, China and Hong Kong, Taiwan, Singapore, Australia, India, South Korea and Malaysia, the sets of…
World oil prices surge after us picks new security advisor World oil prices surged Friday as the appointment of ultra-hawkish John Bolton as US national security advisor sparked fears over crude exports from key OPEC producer Iran. The market also jumped on the back of the faltering greenback, which makes dollar-denominated oil cheaper for buyers using stronger currencies. In late afternoon deals, European benchmark Brent North Sea crude for May delivery traded near two-month highs, soaring $1.24 to $70.15 a barrel compared with Thursday’s close. US benchmark West Texas Intermediate for the same month meanwhile rebounded $1.21 to $65.51 per…
TURBULENT TIMES AHEAD It turbulent times, the first task of management is to make sure of the institution’s capacity to survive a blow. In turbulent times, the first task of management is to make sure of the institution’s capacity for survival, to make sure of its structural strengths, of its capacity for survival, to make sure of its structural strengths, of its capacity to survive a blow, to adapt to sudden change, and to avail itself of new opportunities. Turbulence, by definition, is irregular, nonlinear, erratic. But its underlying causes can be analyzed, predicted, managed. But its underlying should –…
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 114 Mar/18 114 Stock Market 44553 points Mar/18 44310 Government Bond 10Y 8.8 % Mar/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 9-Feb Friday 16-Feb Friday 23-Feb Friday 2-Mar Friday 9-Mar Friday 16-Mar DOLLAR Buying 111.5 111.6 111.65 111.95 111.85 111.5 Selling 111.8 111.9 111.95 112.25 112.15 111.8 POUND Buying 154 156.25 154.6 154 153.25 154.5 Selling 155.75 158 156.35 155.75 155 156.25 EURO Buying 135.25 138.5 136.6 137 136.75 136.5 Selling 136.45 139.7 137.8 138.2 137.95 137.7 CANADIAN $ Buying 88 88.5 88.35 87 86.5 86 Selling 88.85 89.35 89.2 87.85 87.35 86.85 JAP YEN Buying 0.98 1.02 1.01 1.02 1.02 1.02 Selling 1.01 1.05 1.04 1.05 1.05 1.05 HK $ Buying 14.05…
STATISTICS FOR THE NINE MONTH PERIOD ENDED 30 SEPTEMBER 2017 (Non-Life Members) (Rs in ‘000) S.No Company Premium written Net Premium Revenue Net Claims Net Commission (Income)/ Expense Management Expenses Gen.Admin, financial and other exp Investment Income/ (Loss) A B-2016 C D E-1 E-2 F G 1 Adamjee Insurance 9,162,824 4,917,751 2,585,085 399,106 1,019,702 410,894 1,744,361 2 Alfalah Ins. Co 1,625,183 787,859 363,915 79,717 277,489 8,759 81,806 3 Allianz EFU Health 1,535,305 890,608 697,618 -39,472 158,828 53,120 46,669 4 Alpha Insurance 92,293 64,634 73,322 10,771 47,153 19,365 44,144 5 Asia Insurance 532,933 387,617 107,401 70,394 119,618 73,336 -16,149 6 Askari…
Global insurance industry experts revealed that the international insurance industry is probable to see slightly increased growth by 2018. Better economic prospects in the USA and in many emerging markets will offset pessimistic factors like falling growth in the Chinese market. The experts also mentioned that in the longer term, the emerging markets of Asia will have the greatest growth potential, and their share of primary insurance premium is predicted to be on a par with that of Western Europe in the next few years. They have also calculated that overall the global primary insurance industry will boost by 4.5…
No doubt, some economic managers of Pakistan urged that the general insurance sector’s performance is strongly correlated to economic growth. Economic activities remained more or less the same during the year, they said. Although, with relatively stable law and order situation in Pakistan, GDP increased by 5.3 percent during FY2016-17. The economic experts also mentioned that Standard & Poor’s have maintained our Pakistan’s credit rating (B) with stable outlook. They have also mentioned that Pakistan’s overall macroeconomic landscape continued to strengthen during the last fiscal year as GDP growth rate reached to 10-year high. Furthermore, the services sector continued its…
US stocks post weekly losses The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street’s major indexes posted losses for the week. February industrial production jumped 1.1 percent, the largest increase in four months. Energy led the major sectors of the S&P 500 with a 1.0 percent gain, as oil prices CLc1 rose 1.7 percent. Friday’s gains came at the end of a rocky week dominated by concerns of a US trade war with China and political turmoil, which began with the ouster of Secretary of State Rex…
Challenges loom for marine fuel change Enforcement may determine demand for low-sulfur maritime fuels required under regulations that take effect in 2020, analysts told the American Fuel and Petrochemical Manufacturers’ conference in New Orleans, Louisiana. Countries with which shipping agencies often register lack the resources or incentives to police compliance with the upcoming International Maritime Organization rules, Stillwater Associates senior associate Ralph Grimmer said. That could leave up to 30pc of the market using fuel that does not meet the 0.5pc sulfur specification, down from today’s 3.5pc sulfur requirement, he said. [divider style=”normal” top=”20″ bottom=”20″] Supramax market remains in bullish…
LME copper may consolidate in $6,889-$6,959 range LME copper may consolidate in a narrow range of $6,889-$6,959 per tonne for one day before rising towards $7,015. The range is formed by the 23.6 percent and the 38.2 percent retracements of the downtrend from $7,253 to $6,777. The bounce from $6,777 looks incomplete, it may consist of three waves. The second wave labelled b may end in the range, to be then reversed by an upward wave c. A break below $6,889 could confirm an extension of the wave b towards $6,847, while a break above $6,959 could confirm the target…
Rules for Staff People Unless staff people have proved themselves in operations, they will lack credibility among operating people and will be dismissed as “theoreticians.” Rules for staff people are just as important as rules for staff work. Don’t ever put anyone into a staff job unless he or she has successfully help a number if operating jobs, preferably in more than one functional area. For if staff people lack operating experience, they will be arrogant about operations, which always look so simple to the “planner.” But today, in government even more than in business, we put young people fresh…
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 111 Mar/18 110 Stock Market 43446 points Mar/18 43618 Government Bond 10Y 8.8 % Mar/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 2-Feb Friday 9-Feb Friday 16-Feb Friday 23-Feb Friday 2-Mar Friday 9-Mar DOLLAR Buying 111.8 111.5 111.6 111.65 111.95 111.85 Selling 112.1 111.8 111.9 111.95 112.25 112.15 POUND Buying 159 154 156.25 154.6 154 153.25 Selling 160.75 155.75 158 156.35 155.75 155 EURO Buying 139.25 135.25 138.5 136.6 137 136.75 Selling 140.45 136.45 139.7 137.8 138.2 137.95 CANADIAN $ Buying 91 88 88.5 88.35 87 86.5 Selling 91.85 88.85 89.35 89.2 87.85 87.35 JAP YEN Buying 0.99 0.98 1.02 1.01 1.02 1.02 Selling 1.02 1.01 1.05 1.04 1.05 1.05 HK $ Buying 14.05…
PAKISTAN SUPER LEAGUE RECORDS AND STATISTICS Team Span Mat Won Lost Tied Tie & W Tie & L NR Win % Multan Sultans 2018–present 7 4 2 0 0 0 1 66.66 Lahore Qalandars 2016–present 21 5 15 0 0 1 0 23.8 Karachi Kings 2016–present 24 10 13 0 0 0 1 43.47 Islamabad United 2016–present 25 13 11 0 1 0 0 54 Quetta Gladiators 2016–present 26 15 10 0 0 0 1 60 Peshawar Zalmi 2016–present 27 15 11 0 0 0 1 57.69 [divider style=”normal” top=”20″ bottom=”20″] TEAMS ARE SORTED BY BEST PERFORMANCE Team Appearances Best result…
Various countries were generating billions of dollars in business activities by facilitating sports events. No doubt, economic experts urge that the sports activities enabled trade and industry to flourish in addition to creating employment rate and even reducing poverty rate in any country. In this regards, the Government of Pakistan should focus on offering best facilities for sports in Pakistan that would ultimately lead to the better promotion of business activities and strengthen the economy. Pakistan sports goods industry is facing many competitors namely; India, Taiwan and South Korea in view of strong competitors, government must offer additional facilities to…
It is said that the cricket has evolved from a strictly amateur game into a multibillion-dollar industry that is starting to increase exponentially as the developing world embraces the sport. Different sources state that in the late 16th century, the sport of cricket has originated in the south-east England. It became the country’s national sport in the 18th century and has developed internationally in the 19th and 20th. In the cricket, the player’s presentation is one of the main factors for team coaches and even selectors, and also to decide whether batting presentation dominates over bowling performance or not. According…
US shares climb as inflation worries wane on wage data The three major US indexes rose 1 percent on Friday, with the Nasdaq touching a record, after strong job additions in February but sluggish wage growth that pointed to a gradual rise in inflation and helped temper expectations of faster rate increases. Helping sentiment on a day the bull market for stocks turned nine were signs of a potential breakthrough in nuclear tensions in the Korean peninsula and President Donald Trump’s softened stance on tariffs. Strong jobs data last month fueled speculation that higher wages could lead to faster interest…
The digital imperative in container shipping The time has come for the container-shipping industry to join the digital revolution. Digital opens the door for carriers to strengthen their direct relationships with end customers, further reduce their costs (including for fuel, vessel operation, and customer service), and pursue new revenue streams beyond traditional shipping services. Only a few leading carriers have applied digital technologies toward enhancing their commercial and operational activities. Box tracking, empty-container repositioning, document management, network design, and pricing are among the activities that these carriers have started to digitalize. Although the rewards of a digital transformation can be…
Wheat, soy futures tick lower ahead of USDA report Chicago wheat, corn and soybean futures were lower on Wednesday as investors squared up their positions ahead of a monthly US Department of Agriculture report due on Thursday, traders said. Prices for each crop have cooled from last week’s multimonth highs amid dry growing conditions for US wheat and Argentine corn and soybeans. The USDA in its supply and demand report was expected to forecast larger US wheat ending stocks, due in part to weak export demand, and slightly smaller domestic stockpiles of corn, according to Reuters analyst polls. Chicago…
FUNDAMENTAL OF COMMUNICATIONS To improve communications, work not on the utterer but recipient. It is the recipient who communicates. Unless there is someone who hears, there is no communication. There is only noise. One can perceive only what one is capable of perceiving. One can communicate only in the recipients’ language or in their terms. And the terms have to be experience-based we perceive, as a rule, what we expect to perceive. We see largely what we expect to see, and we hear largely what we expect to hear largely what we expect to hear. The unexpected is usually not…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 110 Mar/18 110 Stock Market 43511 points Mar/18 43705 Government Bond 10Y 8.8 % Mar/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per capita 1182…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 26-Jan Friday 2-Feb Friday 9-Feb Friday 16-Feb Friday 23-Feb Friday 2-Mar DOLLAR Buying 112.15 111.8 111.5 111.6 111.65 111.95 Selling 112.45 112.1 111.8 111.9 111.95 112.25 POUND Buying 159 159 154 156.25 154.6 154 Selling 160.75 160.75 155.75 158 156.35 155.75 EURO Buying 138.75 139.25 135.25 138.5 136.6 137 Selling 139.95 140.45 136.45 139.7 137.8 138.2 CANADIAN $ Buying 90.5 91 88 88.5 88.35 87 Selling 91.35 91.85 88.85 89.35 89.2 87.85 JAP YEN Buying 0.98 0.99 0.98 1.02 1.01 1.02 Selling 1.01 1.02 1.01 1.05 1.04 1.05 HK $ Buying 14.05…
PRODUCTION OF AUTOMOTIVE SECTOR IN PAKISTAN ( No of units produced) Details Installed Capacity 2015-16 (July-Mar) 2016-17 (July-Mar) % Change Cars 240,000 137,067 143,317 4.6 LCVs 43,900 29,529 18,637 -36.9 Jeeps 5,000 621 812 30.8 Buses 5,000 746 893 19.7 Trucks 28,500 3,940 5,489 39.3 Farm Tractors 65,000 21,942 37,938 72.9 Two/Three Wheelers 2,500,000 998,040 1,209,504 21.2 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] PETROLEUM PRICES IN PAKISTAN Date HOBC Premium HS Diesel LS Diesel Kerosene 1-Feb-18 Rs.73.35/Ltr Rs.84.51/Ltr Rs.95.83/Ltr Rs.64.3/Ltr Rs.70.26/Ltr 1-Jan-18 Rs.73.35/Ltr Rs.81.53/Ltr Rs.89.91/Ltr Rs.58.37/Ltr Rs.62.3/Ltr 1-Jun-17 Rs.72.68/Ltr Rs.72.8/Ltr Rs.81.4/Ltr Rs.44/Ltr Rs.44/Ltr…
Economic managers of Pakistan reveal that the Government of Pakistan by the new Auto Development Policy (ADP) is completely committed to enlarging full support to the domestic automotive sector. It is also predicted to promote healthy competition in the sector leading to increased choice for the customers. They have also mentioned that the safety and security condition in the entire country, particularly in Karachi, has enhanced tremendously in the last five years thus resulting in better economic indicators and bringing in new investments. It is also believed that under the China Pakistan Economic Corridor (CPEC), infrastructural development in Pakistan and…
In Pakistan, Honda Atlas Cars (Pakistan) Limited remains committed towards its objective of maximizing value creation. This is being attained by concentrating business resources to improve operating flexibility, optimizing cost structure, execution of growth projects and investment in new technologies. During financial statements for the third quarter closed December 31, 2017, the company’s financial experts mentioned that Honda Atlas Cars experienced a strong market demand of its product and attained 54.55 percent and 50.57 percent growth in production and sales respectively. During the period, the company produced 36,057 units as compared to 23,330 units produced in the nine months period…
KSE-100 gains 230 points, closes positive for fourth successive session Stocks finished the week on a high with the KSE-100 Index registering a positive finish for the fourth successive time despite choppy trading during the session on Friday. US President Donald Trump’s move towards imposing tariffs on steel and aluminium imports created negative sentiment at the start of the session, pulling the sector in the red as trading began. At close, the benchmark KSE 100-share Index recorded an increase of 230.10 points or 0.53% to settle at 43,740.49. Overall, trading volumes increased to 230 million shares compared with Thursday’s tally…
Better days ahead for VLGC shipowners A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15, according to the latest edition of the LPG Forecaster published by global shipping consultancy Drewry. Year 2017 was one of the toughest years in the history for VLGC shipping as ample vessel supply squeezed the freight market. VLGC earnings in the spot market (on the benchmark AG-Japan route) averaged $12,500pd; way below the break-even rate of $21,000pd. [divider style=”normal” top=”20″ bottom=”20″] Giant US…
Crude futures take first weekly fall in 3 weeks Oil prices rose on Friday as Wall Street stocks bounced off session lows, but benchmark crude futures posted their first weekly decline in three weeks on fears US plans to impose tariffs on steel and aluminum could squeeze economic growth and jitters about rising US crude production. On Thursday, oil followed the stock market lower after President Donald Trump said he would impose hefty tariffs to protect US producers. Investors feared the move would spark a trade war. The US oil and gas industry slammed the tariff plan, saying it would…
SIMULATED DECENTRALIZATION The main rule is to look simulated decentralization as a last resort only. Whenever a unit can be set up as a business, no design principle can match federal decentralization. We have learned, however, that a great many large companies cannot be divided into genuine businesses. Yet they have clearly outgrown the limits of size and complexity of the functional or of the team structure. These are the companies that are increasingly turning to “simulated decentralization” as the answer to their organization problem. Simulated decentralization forms structural units that are not businesses but which are still up as…
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 111 Feb/18 111 Stock Market 42995 points Feb/18 42911 Government Bond 10Y 8.8 % Feb/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per capita…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 19-Jan Friday 26-Jan Friday 2-Feb Friday 9-Feb Friday 16-Feb Friday 23-Feb DOLLAR Buying 112 112.15 111.8 111.5 111.6 111.65 Selling 112.3 112.45 112.1 111.8 111.9 111.95 POUND Buying 154.75 159 159 154 156.25 154.6 Selling 156.5 160.75 160.75 155.75 158 156.35 EURO Buying 136.5 138.75 139.25 135.25 138.5 136.6 Selling 137.7 139.95 140.45 136.45 139.7 137.8 CANADIAN $ Buying 89.5 90.5 91 88 88.5 88.35 Selling 90.35 91.35 91.85 88.85 89.35 89.2 JAP YEN Buying 0.98 0.98 0.99 0.98 1.02 1.01 Selling 1.01 1.01 1.02 1.01 1.05 1.04 HK $ Buying 14.05…
PAKISTAN: AVERAGE SECTOR-WISE NATURAL GAS CONSUMPTION Sector For the Period July 1, 2015 To Feb 29, 2016 For the Period July 1, 2016 To Feb 28, 2017 Gas Consumption in MMCFD RLNG Total Gas Consumption in MMCFD RLNG Total Power 961 143 1,104 980 116 1,096 Domestic 777 0 777 801 – 801 Commercial 92 0 92 89 – 89 Transport (CNG) 155 17 172 150 43 193 Fertilizer 633 0 633 611 64 675 General Industry 594 15 609 613 187 800 Total 3,212 175 3,387 3,244 410 3,654 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] NATURAL GAS (million…
No doubt, the natural gas is a clean, safe, efficient and environment-friendly fuel. The global natural gas market is rising, driven by the accessibility of shale gas and the rise in the liquefied natural gas (LNG) trade. International research reports mention that LNG offers a viable route to monetize large gas reserves in remote locations like Sub-Saharan Africa, which have no significant markets nearby and only limited connectivity to existing demand centers. Experts noted that LNG is quickly playing a bigger role in the energy mix and the market for it is predicted to boost at around 5 percent yearly.…
Pakistan is very much rich in all sorts of natural resource and God has blessed us with awesome way. We have still yet untouched oil and gas reserves under the barren mountains of Balochistan and the sands of Sindh – we have coal, estimated at 175 billion tons. If the natural gas we found in Sui could have been used for power generation projects, there would have been no such phenomenon of ‘loadshedding’, and we would have been immensely developed. But unfortunately due to poor planning and ideas, we are unable to get proper energy and gas supplies for our…
US shares rallyafter fed report US stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year. The US central bank, looking past the recent stock market sell-off and inflation concerns, said it expected economic growth to remain steady and saw no serious risks on the horizon that might pause its planned pace of rate hikes. Investors largely expect the Fed to raise rates three times this year, beginning with its next meeting in March, the first under new Chair…
Clean tankers: platts east of Suez LR2 market steadies The East of Suez LR2 tanker market was steady Wednesday following fresh demand that supported the rates. The recent decline in rates had drawn several charterers leading to a slight uptick. Among the fixtures heard, the FS Endeavour was placed on subjects by Mitsubishi Chemicals at w86 for March 3 naphtha loading on the Persian Gulf-Japan route, sources said. Earlier this week, LR2 fixtures on this route were done around w81-82.5 but after the gains in LR1 rates, owners are seeking w95-100. In these circumstances, MCC may have found it prudent…
FEDERAL DECENTRALIZATION: REQUIREMENTS As a minimum the unit must contribute a profit to the company rather than merely contribute to the profit of the company. Federal decentralization has stringent requirements. Federal decentralization is applicable only where a company can truly be organized into a number of genuine “businesses.” This is its basic limitation. As a minimum the unit must contribute a profit to the company. And it must be a genuine profit determined by the objective judgment of the marketplace. Federal decentralization will work only if the top-management job is clearly defined and thought through. Federalization, if properly applied, makes…
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 111 Feb/18 110 Stock Market 42640 points Feb/18 42920 Government Bond 10Y 8.8 % Feb/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 12-Jan Friday 19-Jan Friday 26-Jan Friday 2-Feb Friday 9-Feb Friday 16-Feb DOLLAR Buying 112.2 112 112.15 111.8 111.5 111.6 Selling 112.5 112.3 112.45 112.1 111.8 111.9 POUND Buying 150.75 154.75 159 159 154 156.25 Selling 152.5 156.5 160.75 160.75 155.75 158 EURO Buying 134 136.5 138.75 139.25 135.25 138.5 Selling 135.2 137.7 139.95 140.45 136.45 139.7 CANADIAN $ Buying 88.5 89.5 90.5 91 88 88.5 Selling 89.35 90.35 91.35 91.85 88.85 89.35 JAP YEN Buying 0.98 0.98 0.98 0.99 0.98 1.02 Selling 1.01 1.01 1.01 1.02 1.01 1.05 HK $ Buying 14.05…
GROSS DOMESTIC PRODUCT OF PAKISTAN (at constant basic prices of 2005-06) ( Rs. Million) Sector/Industry 2011-12 2012-13 2013-14 2014-15F 2015-16R 2016-17P Commodity Producing Sectors (A+B) 4,033,110 4,102,807 4,245,893 4,400,070 4,533,524 4,726,757 Agricultural Sector ( 1 to 4 ) 2,048,794 2,103,600 2,156,117 2,202,043 2,208,087 2,284,561 1. Crops 832,128 844,860 867,133 868,494 825,348 850,273 2. Livestock 1,130,740 1,169,712 1,198,671 1,246,512 1,288,368 1,332,576 3. Forestry 42,874 45,695 46,555 40,761 46,592 53,344 4. Fishing 43,052 43,333 43,758 46,276 47,779 48,368 Industrial Sector ( 1 to 4 ) 1,984,316 1,999,207 2,089,776 2,198,027 2,325,437 2,442,196 1. Mining and Quarrying 283,727 294,727 298,856 313,707 335,241 339,747 2. Manufacturing…
The State Bank of Pakistan reported that Pakistan’s economy is well positioned to meet the GDP (Gross Domestic Product) growth target of 6.0 percent in FY2018. All three sectors of the economy namely; agriculture, construction and services are projected to contribute to the enhancing performance. Agriculture Sector AGRICULTURE REVIEW Details FY16 FY17 Target FY18 Estimates Growth (percent) Production (million tons) Cotton (million bales) Punjab 6.3 7 10 8.8 26.1 Sindh 3.5 3.8 4 3.7 -2.3 Rice Punjab 3.5 3.5 3.5 3.6 5 Sindh 2.6 2.7 2.6 2.9 9.5 Sugarcane Punjab 42 49.6 44 55 10.9 Sindh 18 18.3 19 18.7…
Economists mention in the different economic reviews that sustainable public finances are significant to attain fiscal discipline in any economy. Further, it supports fiscal policy to sustain macroeconomic stability and decline vulnerabilities. However, it is also equally significant to deal on both revenue and expenditure side. Economists also mentioned that in previous years, Pakistan’s fiscal sustainability faced many issues from all directions counting tax evasion, untargeted subsidies, resource depletion through PSEs, high and persistent fiscal deficit combined with low tax to GDP ratio and narrow tax base. These Issues coupled with delays in the implementation of key structural reforms for…
Pakistan’s KSE-100 climbs 685 points In a turn of events, the KSE-100 Index climbed north on the last day of the week, increasing 685 points as buying across the board helped it surpass the 43,500 mark. Bank and oil stocks led the rally, helping the benchmark shoot up 749 points in intra-day trading before minor profit-taking brought the index down. At close, the benchmark 100-share index recorded an increase of 684.75 points or 1.59 percent to settle at 43,627.10. Shares of 379 companies were traded. During the day, 259 stocks closed higher, 93 declined while 27 remained unchanged. The value…
Volume growth steady for US ports US ports are positioned for another solid year of growth, though the Trump administration’s evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. “Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017,” Emma Griffith, Director quoted as saying last week. “Overall volume growth averaged 7.7 percent on the East Coast and 6.3…
Oil near one-week high Oil prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their biggest weekly gain in six years. US West Texas Intermediate crude for March delivery CLc1 was up 6 cents at $61.40 a barrel by 1110 GMT, after touching a one-week high of $61.89. Activity was subdued as many Asian markets were closed for the Lunar New Year holiday. For the week, the US crude contract has risen about 4 percent after losing nearly 10 percent last week. London Brent crude LCOc1 was up 15 cents at $64.48.…
THE FEDERAL PRINCIPLE Federalism relieves top management from operating duties and sets it free to devote itself to its proper functions. What the enterprise needs is a principle that gives both the center and the parts genuine managerial functions and powers. This principle is federalism, in which the whole of the enterprise is conceived as made up of autonomous units. The federal enterprise and all its units are in the same business. The same economic factors determine the future of the whole as well as of all units; the same basic decisions have to be made for all of 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 111 Feb/18 111 Stock Market 43353 points Feb/18 43690 Government Bond 10Y 8.8 % Feb/18 8.5 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 5-Jan Friday 12-Jan Friday 19-Jan Friday 26-Jan Friday 2-Feb Friday 9-Feb DOLLAR Buying 111.45 112.2 112 112.15 111.8 111.5 Selling 111.75 112.5 112.3 112.45 112.1 111.8 POUND Buying 149 150.75 154.75 159 159 154 Selling 150.75 152.5 156.5 160.75 160.75 155.75 EURO Buying 132.75 134 136.5 138.75 139.25 135.25 Selling 133.95 135.2 137.7 139.95 140.45 136.45 CANADIAN $ Buying 87.75 88.5 89.5 90.5 91 88 Selling 88.6 89.35 90.35 91.35 91.85 88.85 JAP YEN Buying 0.96 0.98 0.98 0.98 0.99 0.98 Selling 0.99 1.01 1.01 1.01 1.02 1.01 HK $ Buying 14.05…
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 — 1976-77 1,132 — -2.6 –…
Economic managers urge that the role of exports as a significant driver of economic growth in all over the world is well recognized. That’s why every state strives hard to improve its exports capabilities because it directly impact in Gross Domestic Product (GDP). However that is not enough if not matched by equally significant measure — economic diplomacy. To improve the economic growth of Pakistan, we need to reinvigorate economic diplomacy in our foreign relations, particularly through our embassies. In a global perspective, the trade is chiefly conducted through regional groups/alliances. Pakistan is also a member of such regional arrangements…
Various research reports mentioned that trade is always a two-way exchange, but when undertaken freely, both parties are better off. This is as true when participants reside in dissimilar states as it is when they live in the same place. Studies also recorded that the imports do not decline or slow economic growth. Through fostering specialization and the transfer of technology, they lead directly to faster economic growth and development as well as enhanced standards of living. Unluckily, the advantages of specialization and technological progress do not accrue equally to everyone, and may worsen the economic lot of some people.…
US stocks rebound after posting wild week in two years US stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead. The sharp falls of the week confirmed the market was in a correction, down more than 10 percent from a Jan. 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their…
Oil slides towards weekly loss on excess supply worries Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high US crude output added to concerns about a sharp rise in global supplies. The drop came amid a rout in global equity markets sparked by inflation fears. Brent futures LCOc1 were down 64 cents at $64.17 a barrel by 1252 GMT. On Thursday, Brent fell 1.1 percent to its lowest close since Dec. 20. US West Texas Intermediate (WTI) crude CLc1 was down 90 cents at $60.25 a…
THE RIGHT ORGANIZATION The only things that evolve by themselves in an organization are disorder, friction, mal performance. The pioneers of management a century ago were right: organizational structure is needed. The modern enterprise needs organization. But the pioneers were wrong in their assumption that there is – or should be – one right organization. Instead of searching for the right organization, management needs to learn to look for, to develop, to test, the organization that fits the task. There are some “principles” of organization. One is that organization has to be transparent. People have to know and have to…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Feb/18 111 Stock Market 44096 points Feb/18 43886 Government Bond 10Y 8.5 % Feb/18 8.5 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 29-Dec Friday 5-Jan Friday 12-Jan Friday 19-Jan Friday 26-Jan Friday 2-Feb DOLLAR Buying 110.8 111.45 112.2 112 112.15 111.8 Selling 111.1 111.75 112.5 112.3 112.45 112.1 POUND Buying 147 149 150.75 154.75 159 159 Selling 148.75 150.75 152.5 156.5 160.75 160.75 EURO Buying 130.5 132.75 134 136.5 138.75 139.25 Selling 131.7 133.95 135.2 137.7 139.95 140.45 CANADIAN $ Buying 86.5 87.75 88.5 89.5 90.5 91 Selling 87.35 88.6 89.35 90.35 91.35 91.85 JAP YEN Buying 0.96 0.96 0.98 0.98 0.98 0.99 Selling 0.99 0.99 1.01 1.01 1.01 1.02 HK $ Buying 14.05…
[ads2] CREDIT/LOANS CLASSIFIED BY BORROWERS* (Million Rupees) Description June-16 Dec-16 June-17 Dec-17P 1. Credit to Government Sector (A+B) 8,109,481 8,390,036 9,129,778 9,393,693 A. SBP Credit to Government Sector (Net) 1,454,173 2,367,886 2,339,102 2,356,675 Investment in Govt. Securities 2,071,967 3,094,104 2,521,427 2,622,892 Loans to Government 2,740 2,740 2,740 27,358 Others 8,581 8,681 9,668 9,581 Less: Govt. Deposits 629,116 737,638 194,733 303,156 B. Scheduled Banks Credit to Government Sector (Net) 6,655,308 6,022,150 6,790,676 7,037,018 Investment in Govt. Securities 7,240,110 6,799,954 7,676,004 8,029,063 Loans to Government 650,448 573,020 698,927 677,404 Less: Govt. Deposits 1,235,250 1,350,824 1,584,255 1,669,449 2. Credit to Non Governmnet…
In Pakistan, JS Bank (a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd) continues to boost its market share in terms of deposits, assets and non-funded income (NFI) businesses. JS Bank’s growth policy is based on innovative product development to better address client/customer needs, improving customer accessibility by branches, a robust technology network and strengthening of service quality to create a satisfying banking experience in the country. The management of the Bank leverages its superior partnerships with world class institutions to enrich customer experience and improve their ability to better serve the diverse needs of their customers. During nine months…
In any country, a well functioning payment system infrastructure is necessary in safeguarding financial stability, monetary system and also promoting economic activities. In our country, national payment systems have undergone important progresses and transformation that created an optimistic output towards less-cash society and future economic growth and development. The State Bank of Pakistan mentioned in the present statement that the Pakistan Real Time Interbank Settlement Mechanism (PRISM) is playing a main role in the financial infrastructure of Pakistan. It has 41 direct participants comprising of 29 commercial banks, 2 specialized banks, 2 MFBs, 7 DFIs and one non-bank i.e. CDC.…