Us stocks fall as rate worries offset good earnings Wall Street stocks declined early Thursday amid jitters over the prospects for higher interest rates and despite a trove of largely solid corporate earnings. About 15 minutes into trading, the Dow Jones Industrial Average stood at 26,075.39, down 0.3 percent. The broad-based S&P 500 dipped 0.2 percent to 2,818.14, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to 7,386.49. Microsoft edged up 0.2 percent after reporting a 12 percent rise in quarterly revenues to $28.9 billion thanks to gains in business services and cloud computing. But one-time charges connected to…
Author: S. Kamal Hayder Kazmi
Mexican port posts historic high volume Mexican major port container volume increased 12.2 percent year on year to 6,375,338 million TEU in 2017 for the first time in history, according to Mexico’s Secretariat of Communications and Transportation (SCT). Terminals on the Pacific lifted 4,324,051 TEU, a year-on-year increase of 9.8 per cent with the Port of Manzanillo leading the National Port System with 2,830,370 TEU, up 9.8 percent. Lazaro Cardenas saw a three percent increase coming in at 1,149,079 TEU, ahead of Ensenada in third place on the Pacific, with 230,185 TEU, up 20 percent. Gulf of Mexico ports lifted…
Oil set for strongest January since 2013; wary of data Oil prices fell for a third day on Wednesday ahead of the possible first rise in US inventories in 11 weeks, but crude remained on track for its biggest gain in January in five years. Brent crude, the global benchmark, was down 20 cents at $68.82 a barrel by 1432 GMT, above a two-week low hit earlier in the day. US West Texas Intermediate (WTI) was down 14 cents at $64.36, adding to Tuesday’s losses. Despite Wednesday’s weakness, prices are still on track for a fifth month of gains and…
HOW TO USE OBJECTIVES Objectives are not fate; they are not direction. If objective are only good intentions, they are worthless. They must degenerate into work. And work is always specific, always has – or should have – clear, unambiguous, measurable results, a deadline, and a specific assignment of accountability. But objectives that become a straitjacket do harm. Objectives are always based on expectations. And expectations are, at best, informed guesses. The world does not stand still. The proper way to use objectives is the way an airline uses schedules and flight plans. The schedule provides for the 9AM flight…
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 44049 points Jan/18 44233 Government Bond 10Y 8.5 % Jan/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 22-Dec Friday 29-Dec Friday 5-Jan Friday 12-Jan Friday 19-Jan Friday 26-Jan DOLLAR Buying 110.25 110.8 111.45 112.2 112 112.15 Selling 110.55 111.1 111.75 112.5 112.3 112.45 POUND Buying 145.5 147 149 150.75 154.75 159 Selling 147.25 148.75 150.75 152.5 156.5 160.75 EURO Buying 129.25 130.5 132.75 134 136.5 138.75 Selling 130.45 131.7 133.95 135.2 137.7 139.95 CANADIAN $ Buying 84.25 86.5 87.75 88.5 89.5 90.5 Selling 85.1 87.35 88.6 89.35 90.35 91.35 JAP YEN Buying 0.96 0.96 0.96 0.98 0.98 0.98 Selling 0.99 0.99 0.99 1.01 1.01 1.01 HK $ Buying 14.05…
REAL GDP GROWTH RATES (%) Region/Country 2015 2016 2017 2018 (P) India 7.9 6.8 7.2 7.7 Bangladesh 6.8 6.9 6.9 7.0 Sri Lanka 4.8 4.3 4.5 4.8 Pakistan 4.06 4.5 5.3 6.0 [divider style=”normal” top=”20″ bottom=”20″] CLOTHING BRANDS OF PAKISTAN Gul Ahmed Sana Safinaz Pareesa Alkaram Masarrat Misbah Aamir Adnan Deepak Perwani Junaid Jamshed Thredz Maria B Generations Chinyere Khaadi Ego Needle Impressions Stylo Sapphire Siddiqsons [divider style=”normal” top=”20″ bottom=”20″] BRANDS AWARD WINNERS IN PAKISTAN 2015 – 2016 ARENA MULTIMEDIA SKF JUBILEE LIFE INSURANCE HEMANI ONE APPLY STEELEX ADAM’S PROPERTY LEGENDS FIRMAN PANTHER NAUNEHAL HERBAL GRIP WATER BRANDS MAGAZINE TOTAL…
As winter starts, our favorite fruit kinnow is seen at every fruit stall in Pakistan. Luckily, the country has a large number of farms which are processing superior quality kinnows according to the globally recognized standards. No doubt, the kinnow is a variety of citrus fruit cultivated extensively in Pakistan’s Punjab region since 1940 after Punjab Agriculture College and Research Institute, Faisalabad. A majority of Pakistan’s production comes from the Sargodha region where the fruits are produced and processed. It is calculated that there are approximately 200 processing units for kinnow mandarins in Pakistan, the majority of which are placed…
Different research studies revealed that in this dynamic era of marketing revolution and impact of marketing activities on the life of a common man, citizens became more brand conscious in most of the products/commodities. Before planning to buy a product, customers associate product with some particular factor counting quality, presentation, features and at times to country of origin (COO). Studies also revealed that final buyers/consumers analyze a product with two aspects of variables, some see the integral part of product as intrinsic variables which offer basis for intangible product personality and some are the external part of product as extrinsic…
Dow, S&P 500, Nasdaq surge Wall Street stocks were in full-throttle rally mode on Friday, with all three major indices surging to records following strong earnings reports from Intel and other companies. The Dow Jones Industrial Average rose 0.9 percent to finish the week at 26,616.71, its third straight record. The broad-based S&P 500 gained 1.2 percent to 2,872.87, and the tech-rich Nasdaq Composite Index jumped 1.3 percent to 7,505.77. The records follow numerous earlier equities milestones in the wake of US tax cuts enacted last month. Company earnings announcements over the last several days have signaled higher profits ahead,…
Strong capesize, panamax rates push baltic index higher The Baltic Exchange’s main sea freight index rose on Wednesday for the third straight session, supported by firmer rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 43 points, or 3.72 percent, at 1,200 points. The capesize index climbed 151 points, or 9.9 percent, at 1,676 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,273 to $13,421. The panamax index rose 52 points, or 3.7 percent, at 1,456…
Gold, silver prices pop on big US dollar drop Gold and silver prices are solidly higher in early US trading on Wednesday. Gold prices have scored a 4.5-month high. A sharply lower US dollar index that slumped to a 3.5-year low is providing the precious metals bulls with some rocket fuel. February Comex gold was last up $15.50 an ounce at $1,352.20. March Comex silver was last up $0.382 at $17.29 an ounce. Some upbeat economic data coming out of the European Union Wednesday helped to lift the Euro currency to a more-than-two-year high. Meantime, Nymex crude oil prices are…
LONG-RANGE PLANNING The future will not just happen if one wishes hard enough. The future requires decisions – now. It imposes risk – now. It requires action – now. It demands allocation of resources, and above all, of human resources – now. It requires work – now. The idea of long-range planning – and much of its reality – rests on a number of misunderstandings. The long range is largely made by short-run decisions. Unless the long range is built into, and based on, short-range plans and decisions, the most elaborate long-range plan will be an exercise in futility. And…
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 Jan/18 110 Stock Market 44844 points Jan/18 45063 Government Bond 10Y 8.5 % Jan/18 7.93 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 15-Dec Friday 22-Dec Friday 29-Dec Friday 5-Jan Friday 12-Jan Friday 19-Jan DOLLAR Buying 110.3 110.25 110.8 111.45 112.2 112 Selling 110.6 110.55 111.1 111.75 112.5 112.3 POUND Buying 146 145.5 147 149 150.75 154.75 Selling 147.75 147.25 148.75 150.75 152.5 156.5 EURO Buying 128 129.25 130.5 132.75 134 136.5 Selling 129.2 130.45 131.7 133.95 135.2 137.7 CANADIAN $ Buying 84.7 84.25 86.5 87.75 88.5 89.5 Selling 85.55 85.1 87.35 88.6 89.35 90.35 JAP YEN Buying 0.96 0.96 0.96 0.96 0.98 0.98 Selling 0.99 0.99 0.99 0.99 1.01 1.01 HK $ Buying 13.95…
PETROLEUM PRICES IN PAKISTAN (Rs./Ltr) Date HOBC Premium HS Diesel LS Diesel Kerosene Jan 01, 2018 73.35 81.53 89.91 58.37 62.3 Jun 01, 2017 72.68 72.8 81.4 44 44 Apr 03, 2017 72.68 74 84 44 44 Mar 01, 2017 72.68 73 83 44 44 Feb 01, 2017 72.68 70.29 79.48 43.35 43.25 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] THE AVERAGE SECTOR-WISE NATURAL GAS CONSUMPTION IN MILLION CUBIC FEET PER DAY (MMCFD) 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…
Attock Refinery Limited (ARL) is the pioneer of crude oil refining and always providing the best quality products in Pakistan. The Company is believed to sustain smooth supply of increased volumes of value-added and environment-friendly products and including its operations through upgraded state-of-the-art hardware in Pakistan. ARL’s officials said that the technical studies are under way for installation of Continues Catalytic Reformer for more improvement of Motor Gasoline specifications. The financial experts of ARL explained in the first quarter ended September 30, 2017 that the operations activities and financial results are encouraging. However, fluctuation in prices of product and crude…
To improve the oil & gas reserves in Pakistan, the present government is trying to attract firms to undertake new exploration and production activities. Thus, it is predicted that the local production of oil will enhance through new wells and also with exploration of unconventional oil and gas resource in Pakistan. Being a state-owned enterprise in the country, Oil and Gas Development Company Limited (OGDCL) is cognizant of the growing energy demands in Pakistan and in this regard is making all out attempts to optimize oil and gas production from its own and operated JV fields. In this pursuit, OGDCL…
European shares stutter as dollar weakens Most of Europe’s stock markets ran into profit-taking Thursday as the continent’s main currencies posted fresh gains against the dollar, weighing on export-heavy stocks, as the Wall Street rally also stalled. Paris ended the day flat despite Airbus shares rising 0.7 percent after Emirates Airlines struck a $16-billion deal to buy 36 Airbus A-380 superjumbos, having traded as much as three percent up on the day during the morning session. London also lapsed into the red as market participants eyed the strong pound, which weighs on the performance of multinational companies. The FTSE 100…
Container market still competitive With nearly 400 different vessel operators plying their trade worldwide there is plenty of competition and potential for more M&A activity. The collapse of freight rates during the second half of last year, far out of line with the underlying supply and demand fundamentals, suggests that carriers have not yet rid themselves of certain self-sabotaging traits and that talk of a new golden age for carriers was perhaps exaggerated. However, despite the recent developments, in the latest Container Forecaster report Drewry retains it view that the carriers are heading towards a brighter future, while also acknowledging…
Oil up on threats of rebel attacks in Nigeria, falling US crude stocks Oil prices rose on Thursday on a reported decline in US crude inventories, and as rebels in Nigeria threatened to attack the country’s petroleum infrastructure. However, prices stayed below recent three-year highs as fuel supplies remain ample and as refineries scaled back operations. Brent crude futures were at $69.56 at Asian trade, up 18 cents, or 0.3 percent, from their last close. On Monday, they hit their highest since December, 2014 at $70.37 a barrel. US West Texas Intermediate (WTI) crude futures were at $64.25 a barrel,…
Divestment In looking for a husband for your daughter, says an old proverb, don’t ask: “Who’ll make the best husband for her?” Ask instead: “For which kind of a man would she make a good wife?” Divestment is a “marketing” rather than a “selling” problem. The question is not: “What do we want to sell and for how much?” It is: “For whom is this venture ‘value’ and under what conditions?” The salient point if finding the potential buyer for whom what is misfit to the seller is a perfect, the buyer to whom the venture to be sold offers…
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 Jan/18 111 Stock Market 43359 points Jan/18 42940 Government Bond 10Y 7.93 % Jan/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 8-Dec Friday 15-Dec Friday 22-Dec Friday 29-Dec Friday 5-Jan Friday 12-Jan DOLLAR Buying 107.5 110.3 110.25 110.8 111.45 112.2 Selling 107.8 110.6 110.55 111.1 111.75 112.5 POUND Buying 144.25 146 145.5 147 149 150.75 Selling 146 147.75 147.25 148.75 150.75 152.5 EURO Buying 126 128 129.25 130.5 132.75 134 Selling 127.2 129.2 130.45 131.7 133.95 135.2 CANADIAN $ Buying 84 84.7 84.25 86.5 87.75 88.5 Selling 84.85 85.55 85.1 87.35 88.6 89.35 JAP YEN Buying 0.91 0.96 0.96 0.96 0.96 0.98 Selling 0.94 0.99 0.99 0.99 0.99 1.01 HK $ Buying 13.4…
CSR AWARD WINNERS IN PAKISTAN 2017 Abbas Steel Pvt Ltd Agha Steel Industries Albario Engineering Pvt Ltd Archroma Pakistan limited Kot Addu Power Company Arif Habib Commodities Asian Food Industries limited Atlas Honda limited Berger Paints Pakistan Ltd Lucky Cement Ltd Bestway Cement Ltd Bin Qutab Crown Group Diamond Jumbolon-Symbol Industries (Pvt) Ltd Mari Petroleum Company Ltd DP world Karachi Dr. Essa Laboratory & Diagnostic Center Engro Corporation Fatima Fertilizer Company Ltd. Mughal Iron & Steel Industries Ltd Fauji Fertilizer Bin Qasim Ltd Feroze 1888 Mills Ltd General Electric Sapphire Electric Power Plant Ghani Engineering System NBP Guls Studio Hi…
The Government of Pakistan has mentioned that labor force participation rate is predicted on the basis of Crude Activity Rate (CAR) and the Refined Activity Rate (RAR). The government’s statistics also show that labor force participation rate has slightly declined from 32.9 percent during FY2012-2013 to 32.3 percent in FY2014-2015. Statistics also showed that female labor force participation rate rose from 15.6 percent in FY2012-2013 to 15.8 percent in FY2014-2015 and the male labor force participation rate declined from 49.3 percent in 2012-13 to 48.1 percent in 2014 15. The government adepts also mentioned that women in the workforce can…
The health sector is a direct source of human welfare and also a tool for growing income levels in any economy. The industry experts mention a number of procedures by which health can affect income, focusing on worker productivity, children’s education, savings and investment, and demographic structure. As well as the impact of present illness, health may have large effects on prospective lifespans and life cycle behavior. It is said that the aggregate size of the world’s health sector is greater than US$ 5.8 trillion per year. It is also calculated that across the OECD states, employment in health and…
KSE-100 falls 462 points as correction continues The KSE-100 Index continued its fall for the second successive session as correction along with profit-taking dragged stocks in the red on the last day of the week. At close on Friday, the KSE-100 Index ended with a decrease of 461.56 points or 1.06 percent to finish at 42,933.72 points. TRG (-3.04%) and WTL (-3.45%) from the technology and communication sector were the major volume leaders of the day. Major laggards at the bourse were PSO (-3.88%), DGKC (-4.93%), OGDC (-1.41%), ENGRO (-1.69%) and UBL (-1.14%) contributing -158 points. Overall, trading volume decreased…
NWE, Persian Gulf ULSD vessels change course on less attractive US arbitrage Vessels heading to the US and Caribbean with ultra low sulfur diesel from the Baltics and the Persian Gulf have reversed course after the arbitrage, which some sources had said was challenging in the first place, faltered. The Amalia, a Primorsk-loaded Long Range 1 tanker initially headed to the Caribbean, double-backed on itself to discharge into Rotterdam on Sunday. Sources had been doubtful about the economics of the arbitrage from the Baltic and Europe more generally, saying it was dependent on vessels already on water in order to…
Oil retreats from $70 highs but set for fourth week of gains Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, but they were still on track to post a fourth straight week of gains. Brent crude futures LCOc1 traded 55 cents lower at $68.71 a barrel at 1253 GMT. The contract broke above $70 on Thursday for the first time since December 2014. US West Texas Intermediate (WTI) crude futures CLc1 were at $63.14 a barrel, down 66 cents. WTI the day before rose to its strongest since late…
The Failed Strategy Most of the people who persist in the wilderness leave nothing behind but bleached hones. When a strategy or an action doesn’t seem to be working, the rule is, “If at first you don’t succeed, try once more. Then do something else.” The first time around, a new strategy very often doesn’t work. Then one must sit down and ask what has been learned. Maybe the service isn’t quite right. Try to improve it, to change it, and make another major effort. Maybe, though I am reluctant to encourage this, you might make a third effort. After…
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 110 Jan/18 110 Stock Market 43367 points Jan/18 43631 Government Bond 10Y 7.93 % Jan/18 7.93 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 1-Dec Friday 8-Dec Friday 15-Dec Friday 22-Dec Friday 29-Dec Friday 5-Jan DOLLAR Buying 107.6 107.5 110.3 110.25 110.8 111.45 Selling 107.9 107.8 110.6 110.55 111.1 111.75 POUND Buying 143.35 144.25 146 145.5 147 149 Selling 145.1 146 147.75 147.25 148.75 150.75 EURO Buying 127.25 126 128 129.25 130.5 132.75 Selling 128.45 127.2 129.2 130.45 131.7 133.95 CANADIAN $ Buying 84.5 84 84.7 84.25 86.5 87.75 Selling 85.35 84.85 85.55 85.1 87.35 88.6 JAP YEN Buying 0.92 0.91 0.96 0.96 0.96 0.96 Selling 0.95 0.94 0.99 0.99 0.99 0.99 HK $ Buying 13.4…
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Various research studies have found that the food and beverage industry in any state; has an exclusive role in enlarging economic opportunity because it is important worldwide to human health and life needs. Industry experts revealed that the large firms understand both local and foreign markets, the nature of demand for foodstuffs, and therefore the bar that the poor must clear to market their goods. In addition, the key companies in the sector operate or strongly influence entire value chains from growers to consumers. That reach is chiefly powerful for creating economic opportunity because large firms can either link poor…
During nine months ended September 30, 2017, the management mentioned in its financial statement that the Company achieved a revenue of Rs27.1 billion as against to Rs33.9 billion Engro Foods is the largest and fastest growing companies in Pakistan with a vision to attain the domestic demands with products conforming to worldwide standards. The company is highly passionate about offering millions of people across the length and breadth of the country and beyond with the ultimate brand experience. Engro’s product portfolio consists some of the country’s biggest and best selling brands such as Olper’s, Olper’s Lite, Omore, Dairy Omung, Olper’s…
Pakistan stocks up 615.28 points Investors continued to buy stocks in droves as the KSE-100 Index registered a gain of 615.28 points or 1.47 percent to power past the 42,500 level. The gain meant the index ended positive for the 12th successive session, cumulatively adding 12.1 percent during the bullish run that started at the end of December. On Friday, trading began on a positive note with the KSE-100 Index witnessing a surge of 300 points in the first half. The buying spree continued when trading resumed after the mid-day break leading the index to hit an intra-day high of…
Port of Shanghai again breaks record lifting its 40 millionth TEU Shanghai International Port Group reached a record breaking 40 millionth TEU crossing its Yangshan dock on December 29, making the city’s port the first and only in the world to move that many containers in 2017. Shanghai lifted its first million TEU in 1994 and then surpassed 20 million TEU in 2006, then reaching 20 million TEU in 2010, at which time cargo throughput and container throughput ranked the first in the world. In 2011, Shanghai throughput exceeded 30 million TEU. Statistics show that 99 percent of the foreign…
Oil retreats on US output rise after hitting near 2-year high Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring US production undermined a 10 percent rally from December lows that was driven by tightening supply and political tensions in OPEC member Iran. Rising US output and weaker refined products demand weighed on the market, traders said. Traders said political tensions in Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), had pushed prices higher. West Texas Intermediate crude CLc1 futures fell 57 cents to settle at $61.44 a barrel. WTI…
Gathering and Using Intelligence Information has to be organized to test a company’s assumptions about its theory of its business. Information has to be organized to challenge a company’s strategy. It has to test the company’s assumptions about its theory of its business. This includes testing the company’s assumptions about its environment—society and its structure, the market, the customer, and technology. And information on the environment, where the major threats and opportunities are likely to arise, has become increasingly urgent. Then there are assumptions about the specific mission of the company. Third, there are assumptions about an organization’s core competencies…
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 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 USD Dec/16 1140 GDP per capita PPP 4866 USD Dec/16 4695 GDP From Agriculture 2206357 PKR…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 24-Nov Friday 1-Dec Friday 8-Dec Friday 15-Dec Friday 22-Dec Friday 29-Dec DOLLAR Buying 107.6 107.6 107.5 110.3 110.25 110.8 Selling 107.9 107.9 107.8 110.6 110.55 111.1 POUND Buying 142.25 143.35 144.25 146 145.5 147 Selling 144 145.1 146 147.75 147.25 148.75 EURO Buying 126.75 127.25 126 128 129.25 130.5 Selling 127.95 128.45 127.2 129.2 130.45 131.7 CANADIAN $ Buying 84.5 84.5 84 84.7 84.25 86.5 Selling 85.35 85.35 84.85 85.55 85.1 87.35 JAP YEN Buying 0.93 0.92 0.91 0.96 0.96 0.96 Selling 0.96 0.95 0.94 0.99 0.99 0.99 HK $ Buying 13.4…
INTEREST RATES IN PAKISTAN (%) Month SBP Reverse Repo Rate SBP Repo Rate SBP Policy (Target) Rate 11-Feb-13 9.50 7.00 – 24-Jun-13 9.00 6.50 – 16-Sep-13 9.50 7.00 – 18-Nov-13 10.00 7.50 – 17-Nov-14 9.50 7.00 – 26-Jan-15 8.50 6.00 – 24-Mar-15 8.00 5.50 – 25-May-15 7.00 5.00 6.50 14-Sep-15 6.50 4.50 6.00 23-May-16 till date 6.25 4.25 5.75 [divider style=”normal” top=”20″ bottom=”20″] DEMOGRAPHIC INDICATORS OF PAKISTAN Details 2017 Total Population (Million) 199.1 Urban Population (Million) 80.72 Rural Population (Million) 118.38 Total Fertility Rate (TFR) 3.0 Crude Birth Rate (Per thousand) 25.2 Crude Death Rate (Per thousand) 6.60 Population Growth…
The country’s economy continued to maintain its growth momentum during the last fiscal year says a yearly report issued by the Government of Pakistan, but many are of the view that despite revival of growth, Pakistan’s economy faces grave risks and vulnerabilities, however some leading economic managers of the country identified that the economic growth has enhanced with revival in manufacturing and agriculture. “Rapid rise in tax revenue has strengthened public finance”, this was stated by the economic adepts in the review of the economy for first quarter 2017-18. However, they also mention that there are key foreign financing issues.…
In economic terms we know that in any country a rapid rise in population growth creates pressure on allocation of resources, career opportunities, poverty and social protection projects etc. It is also said that the demographic transition gives a window of opportunity for growing economic growth and prosperity. Some global economists say that one hundred years ago only two out of ten of the global population was living in urban areas while now by the middle of the 21st century, seven out of ten people will be living in cities. Already international business is starting to plan policy from a…
US stocks quiet on last trading day of a strong year There were no fireworks on Wall Street for the last trading day of the year, as US stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session. Major indexes hit a series of record highs in 2017, lifted by a combination of strong economic growth, solid corporate earnings, low interest rates and hopes for a tax cut from U.S. President Donald Trump’s administration. The benchmark S&P 500 surged 19.5 percent this year,…
2018 seen tough for cargo shipping With more than 220 cargo ships scheduled for delivery in 2018, realizations of container shipping lines across the globe are expected to come under pressure next year because of oversupply. 2018 is going to be a tough year for container shipping lines as some players are acting bullish and adding capacities which could put freights down in the coming months, it is said. The year 2017, however, has been a market of improvement for container business segment, said industry officials as cargo demand picked up across the globe with trade showing some upswing. Container…
Oil prices hit highest since mid-2015 US oil prices hit their highest since mid-2015 on the final trading day of the year as an unexpected fall in American output and a fall in commercial crude inventories stoked buying. In international markets, Brent crude oil futures also rose, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China. US West Texas Intermediate (WTI) crude futures were at $60.21 a barrel in the Asian trade on Friday, up 37 cents or 0.6 percent from their last close, after hitting a June 2015 high of…
The Future Budget The budget for the future remains stable throughout good times and bad. In most enterprises—and again not just in business —there is only one budget, and it is adjusted to the business cycle. In good times expenditures are increased across the board. In bad times expenditures are cut across the board. This, however, practically guarantees missing out on the future. The change leader’s first budget is an operating budget that shows operating and capital outlays to maintain the present business. That budget should always be approached with the question: “What is the minimum we need to spend…
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 110 Dec/17 110 Stock Market 40371 points Dec/17 40147 Government Bond 10Y 7.93 % Dec/17 7.93 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 17-Nov Friday 24-Nov Friday 1-Dec Friday 8-Dec Friday 15-Dec Friday 22-Dec DOLLAR Buying 107.4 107.6 107.6 107.5 110.3 110.25 Selling 107.7 107.9 107.9 107.8 110.6 110.55 POUND Buying 141.5 142.25 143.35 144.25 146 145.5 Selling 143.25 144 145.1 146 147.75 147.25 EURO Buying 126.25 126.75 127.25 126 128 129.25 Selling 127.45 127.95 128.45 127.2 129.2 130.45 CANADIAN $ Buying 84.25 84.5 84.5 84 84.7 84.25 Selling 85.1 85.35 85.35 84.85 85.55 85.1 JAP YEN Buying 0.91 0.93 0.92 0.91 0.96 0.96 Selling 0.94 0.96 0.95 0.94 0.99 0.99 HK $ Buying 13.4…
INTEREST RATES IN PAKISTAN (%) Month SBP Reverse Repo Rate SBP Repo Rate SBP Policy (Target) Rate 11-Feb-13 9.50 7.00 – 24-Jun-13 9.00 6.50 – 16-Sep-13 9.50 7.00 – 18-Nov-13 10.00 7.50 – 17-Nov-14 9.50 7.00 – 26-Jan-15 8.50 6.00 – 24-Mar-15 8.00 5.50 – 25-May-15 7.00 5.00 6.50 14-Sep-15 6.50 4.50 6.00 23-May-16 till date 6.25 4.25 5.75 [divider style=”normal” top=”20″ bottom=”20″] DEMOGRAPHIC INDICATORS OF PAKISTAN Details 2017 Total Population (Million) 199.1 Urban Population (Million) 80.72 Rural Population (Million) 118.38 Total Fertility Rate (TFR) 3.0 Crude Birth Rate (Per thousand) 25.2 Crude Death Rate (Per thousand) 6.60 Population Growth…
Pakistan’s leather industry, including leather products, is the second largest export earning sector after textile. Presently, this sector is sharing almost $874 million yearly volume but has the potential to multiply this volume of exports with improvement in quality and diversification in different range of products. The leather industry comprises of 6 sub-sectors such as; tanning, leather garments, leather gloves, leather footwear, leather shoe uppers, and leather goods. Recently, the country is among the leading states in the production of leather garments and gloves. The leather and leather made-ups industry plays a significant role in the economy of Pakistan and…
During Q3CY17, Banking sector’s performance, both on QoQ and YoY basis, has remained quite satisfactory in Pakistan. Presently the State Bank of Pakistan (SBP) revealed in the report, less than normal seasonal decline in advances along with enhanced liquidity and strong solvency. Despite the seasonal net retirements in commodity financing and sugar sector, the overall gross advances (domestic) to private sector have fallen slightly; considerably lesser than the established third quarter financing dip. State Bank also mentioned that the advances demand from textile and other sectors have been promising. Noticeably, the share of fixed investment (long term) advances in the…
US stocks down as trump inks tax cut into law Wall Street stocks dipped Friday as President Donald Trump signed a long-awaited tax cut into law ahead of the Christmas holiday. Trump moved up a bill signing originally slated for January to fulfill a promise to deliver tax cuts by Christmas. US stocks had risen to repeat records earlier in the month in anticipation of the measure, but began to sag this week as the proposal cleared the final hurdles in Washington. The Dow Jones Industrial Average dropped 0.1 percent to end the week at 24,754.06. The broad-based S&P 500…
Bulls rally broadly on steel and cement shares; timely election bill and world bank loan key of support The benchmark index of Pakistan Stock Exchange closed the week ended on 23rd December 2017 at 39,471 points. Broad-based recovery was led by strong performance of Steel and Cement sectors. Average daily traded volumes rose to 138.18 million shares with volume leaders being: TRG, WTL, KEL, DSFL and LOTCHEM. Key news flows impacting the market included: 1) the Senate passing delimitation of constituencies bill paving the way for timely election, 2) Nawaz Sharif nominating his brother Shahbaz Sharif (Chief Minister, Punjab) as…
Shipping confidence at highest level for three-and-a-half years Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months to end-November 2017. The average confidence level expressed by respondents was unchanged at the level of 6.2 out of 10.0 recorded in the previous survey in August 2017. Confidence on the part of charterers was significantly up, from 4.7 to 7.7, the highest rating recorded for this category of respondent since the survey was launched in May 2008 with an overall rating of 6.8. Managers (up from 5.8 to 6.1) were also more optimistic, while…
World oil prices dip on soaring us production Oil prices dipped on Thursday as soaring US output, fast approaching 10 million barrels per day (bpd), outweighed a drop in American crude inventories. US West Texas Intermediate (WTI) crude futures were at $58.02 a barrel at 0540 GMT, down 7 cents from their last settlement. Brent crude futures, international benchmark for oil prices, were at $64.45 a barrel, down 11 cents. Both crude benchmarks gained around 1 percent during their previous sessions, lifted by official data showing a 6.5 million-barrel fall in US crude inventories in the week to Dec. 15…
Organize Dissent The effective decision-maker organizes dissent. Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views, the dialogue between different points of view, the choice between different judgments. The first rule in decision making is that one does not make a decision unless there is disagreement. • Alfred P. Sloan, Jr., is reported to have said at a meeting of one of the GM top committees, “Gentlemen, I take it we are all in complete agreement on the decision here.” Everyone…
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] [divider style=”normal” top=”20″ bottom=”20″] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 110 Dec/17 110 Stock Market 38060 points Dec/17 38208 Government Bond 10Y 7.93 % Dec/17 7.93 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…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency Activity Thurs 9-Nov Friday 17-Nov Friday 24-Nov Friday 1-Dec Friday 8-Dec Friday 15-Dec DOLLAR Buying 107.6 107.4 107.6 107.6 107.5 110.3 Selling 107.9 107.7 107.9 107.9 107.8 110.6 POUND Buying 141.25 141.5 142.25 143.35 144.25 146 Selling 143 143.25 144 145.1 146 147.75 EURO Buying 124.5 126.25 126.75 127.25 126 128 Selling 125.7 127.45 127.95 128.45 127.2 129.2 CANADIAN $ Buying 84.3 84.25 84.5 84.5 84 84.7 Selling 85.15 85.1 85.35 85.35 84.85 85.55 JAP YEN Buying 0.9 0.91 0.93 0.92 0.91 0.96 Selling 0.93 0.94 0.96 0.95 0.94 0.99 HK $ Buying 13.35…
PAKISTAN: EXCHANGE RATES IN 2017 (Months End) Details Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DOLLAR Buying 107.6 107.3 106.45 106 106.2 106.15 107.2 107.55 106.6 107.25 107.6 Selling 107.9 107.6 106.75 106.3 106.5 106.45 107.5 107.85 106.9 107.55 107.9 POUND Buying 134.5 134 131.25 135.75 137.25 133.5 139.25 135.25 141.5 140.5 142.25 Selling 136.25 135.75 133 137.5 139 135.25 141 137 143.25 142.25 144 EURO Buying 114.5 113 114 114.5 118.5 117.75 124.5 124.25 124.25 125 126.75 Selling 115.7 114.2 115.2 115.7 119.7 118.95 125.7 125.45 125.45 126.2 127.95 CANADIAN $ Buying 81.5 81.5 79.25…
Presently, remittance constitutes an important portion of the Gross Domestic Products in various states. The United Nations projects that between 2015 and 2030, a predicted US$ 6.5 trillion in remittances will be sent to low and middle-income states. The World Bank statistics identified that the major 5 remittance recipients worldwide during 2016 were India, China, the Philippines, Mexico, and Pakistan whereas as a share of GDP, however, the major 5 recipients were Kyrgyz Republic, Nepal, Liberia, Haiti, and Tonga. According to the present statistics of State Bank of Pakistan (SBP), Pakistan received remittances amounting to $1.576 billion in November 2017,…
Foreign exchange reserves are significant assets of any country because they are importantly affected by exchange rate policy, regulations, monetary policy, external unrest and the impact of the shortages that may come from the economic environment of any state. Without the sufficient reserves the government may be forced to change the trade and exchange rate strategies, which may not be in the long run interest of the country. Accumulation of foreign reserves involve two kinds of costs, the adjustment cost and opportunity cost and we cannot say holding utmost level of reserves is helpful for the economy. When accumulation of…
Wall street at record on increasing hopes of tax overhaul Wall Street major indexes scaled new heights on Friday, with all the major sectors pushing higher as the long-awaited bill to lower corporate tax rates enters the final stretch. The final Republican tax bill is to be unveiled in Congress later in the day, with the decisive votes from both the House of Representatives and the Senate expected next week. Republican negotiators worked furiously to put the finishing touches on the bill and expanded a child tax credit in an effort to win the support of two wavering senators. At…
Largest automated container terminal in Shanghai China started trial operations of the world’s biggest automated container terminal, the Shanghai Yangshan Deep Water Port, in eastern China, on Sunday (Dec 10), Chinese official media reported. Located at the south of Donghai Bridge, phase 4 of the Yangshan Port covers 2.23 million sq m and has a 2,350-m shoreline. Once it enters full operation, the fourth phase of the Yangshan Port will initially be able to handle 4 million TEUs (twenty-foot equivalent units). The number will expand to 6.3 million TEUs later on. The automated terminal not only increases the port’s handling…
World oil prices soar Oil prices rose on Thursday as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year. US West Texas Intermediate futures settled up 44 cents, or 0.8 percent, to $57.04 a barrel. Brent crude futures settled up 1.4 percent, or 87 cents, at $63.31 a barrel. Prices have been supported by an outage on the Forties crude pipeline that was expected to last several weeks. The Paris-based International Energy Agency (IEA) expects the oil market to have a surplus of 200,000 barrels per day (bpd)…
The Right Compromise “Half a loaf is better than no bread.” One has to start out with what is right rather than what is acceptable (let alone who is right) precisely because one always has to compromise in the end. But if one does not know what is right to satisfy the specifications and boundary conditions, one cannot distinguish between the right compromise and the wrong compromise —and will end up by making the wrong compromise. There are two different kinds of compromise. One kind is expressed in the old proverb, “Haifa loaf is better than no bread.” The other…
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. [ads2] [divider style=”normal” top=”20″ bottom=”20″] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 109 Dec/17 109 Stock Market 38280 points Dec/17 38820 Government Bond 10Y 7.93 % Dec/17 7.93 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…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 28-Oct Thurs 9-Nov Friday 17-Nov Friday 24-Nov Friday 1-Dec Friday 8-Dec DOLLAR Buying 107.25 107.6 107.4 107.6 107.6 107.5 Selling 107.55 107.9 107.7 107.9 107.9 107.8 POUND Buying 140.5 141.25 141.5 142.25 143.35 144.25 Selling 142.25 143 143.25 144 145.1 146 EURO Buying 125 124.5 126.25 126.75 127.25 126 Selling 126.2 125.7 127.45 127.95 128.45 127.2 CANADIAN $ Buying 83.5 84.3 84.25 84.5 84.5 84 Selling 84.35 85.15 85.1 85.35 85.35 84.85 JAP YEN Buying 0.9 0.9 0.91 0.93 0.92 0.91 Selling 0.93 0.93 0.94 0.96 0.95 0.94 HK $ Buying 13.35…
Export From Pakistan (Value In ‘000.$) Country July-February Change July-February 2016-17 2015-16 VALUE % 2016-17 2015-16 % Share 1 U.S.AMERICA 2,234,815 2,328,206 (93,391) (4.01) 16.80 16.80 2 CHINA 1,038,951 1,153,551 (114,600) (9.93) 7.81 8.32 3 UNITED KINGDOM 1,018,761 1,055,288 (36,527) (3.46) 7.66 7.61 4 AFGHANISTAN 822,011 962,030 (140,019) (14.55) 6.18 6.94 5 GERMANY 789,708 746,381 43,327 5.80 5.94 5.39 6 SPAIN 541,555 532,110 9,445 1.78 4.07 3.84 7 UNITED ARAB EMIRATES 479,652 550,243 (70,591) (12.83) 3.61 3.97 8 NETHERLANDS 438,453 435,958 2,495 0.57 3.30 3.15 9 BELGIUM 425,613 391,842 33,771 8.62 3.20 2.83 10 ITALY 419,523 402,144 17,379 4.32 3.15…
The United Arab Emirates (UAE) is a very prosperous country, chiefly because of its modest population base and heavy oil resources. The large budget surpluses attained have enabled United Arab Emirates to accumulate a sizeable current account balance, held chiefly by the governments of the individual Emirates and partly by other private establishments. Experts mentioned through different studies that UAE has attained impressive progresses in various economic and social development indicators during the past decades and presently it has attained an income level comparable to that of the industrialized states and is the world’s 7th largest oil producer and the…
Pakistan’s balance of trade statistics cumulative from July-October, 2017 were recorded (-) 12,107 million in US dollars while exports during October, 2017 was recorded $1,888 million (provisional) as compared to $1,675 million (provisional) during September, 2017 explaining a rise of 12.72 percent and by 7.89 percent as against to $1,750 million in October, 2016, according to official data available. The official figures also shows that the exports during July-October, 2017 totaled $7,056 million (provisional) as compared to $6,416 million during the same period of previous year explaining a rise of 9.98 percent. Experts calculated that main products/commodities of exports during…
Expanded Panama canal not the only factor in LNG shipping demand The expanded Panama Canal is causing dramatic changes in the gas trades and while this may generate significant headline figures, the effects on the shipping industry will still ultimately come down to global trade volume. Source quoted as saying last week that the Panama Canal or any other trading route doesn’t have anything to do with the demand. It’s more about the cost. The gas trades have been the sector most affected by the expansion of the canal. It is also said that on the key US-Asia trade the…
US crude exports reached 1.73m bpd in Oct US crude oil exports reached 1.73 million barrels per day in October compared with 1.47 million bpd in September, foreign trade data from the US Census Bureau showed this week. Exports reached 22 different countries in the month, including top destinations of Canada (279,000 bpd), China (448,000 bpd) and the Netherlands (181,000 bpd). US exports left to Poland, Togo, Turkey and Trinidad and Tobago for the first time, according to data from the US Energy Information Administration. Domestic exports totaled nearly 1.68 million bpd, while foreign exports totaled 52,675 bpd [divider style=”normal”…
Harmonize the Immediate Long-range Future A manager must, so to speak, keep his nose to the grindstone while lifting his eyes to the hills-quite an acrobat feat. A manager has two specific tasks. The first is creation of a true whole that is larger than the sum of its parts, a productive e more than the sum of the resources put into it. The second specific task of the manager is to harmonize in every decision and actions the requirements of the immediate and of the long-range future. A manager cannot sacrifice either without endangering the enterprise. If a manager…
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. [ads2] [divider style=”normal” top=”20″ bottom=”20″] Pakistan – Economic Indicators Overview Last Reference Previous Currency 105 Dec/17 105 Stock Market 39244 points Dec/17 39907 Government Bond 10Y 7.93 % Dec/17 7.93 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…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency Activity Friday Friday Thurs Friday Friday Friday 20-Oct 28-Oct 9-Nov 17-Nov 24-Nov 1-Dec DOLLAR Buying 107.3 107.25 107.6 107.4 107.6 107.6 Selling 107.6 107.55 107.9 107.7 107.9 107.9 POUND Buying 141 140.5 141.25 141.5 142.25 143.35 Selling 142.75 142.25 143 143.25 144 145.1 EURO Buying 126.25 125 124.5 126.25 126.75 127.25 Selling 127.45 126.2 125.7 127.45 127.95 128.45 CANADIAN $ Buying 85.4 83.5 84.3 84.25 84.5 84.5 Selling 86.25 84.35 85.15 85.1 85.35 85.35 JAP YEN Buying 0.91 0.9 0.9 0.91 0.93 0.92 Selling 0.94 0.93 0.93 0.94 0.96 0.95 HK $ Buying 13.35…
PETROLEUM PRICES IN PAKISTAN Date HOBC Premium HS Diesel LS Diesel Kerosene 1-Jun-17 Rs.72.68/Ltr Rs.72.8/Ltr Rs.81.4/Ltr Rs.44/Ltr Rs.44/Ltr 3-Apr-17 Rs.72.68/Ltr Rs.74/Ltr Rs.84/Ltr Rs.44/Ltr Rs.44/Ltr 1-Mar-17 Rs.72.68/Ltr Rs.73/Ltr Rs.83/Ltr Rs.44/Ltr Rs.44/Ltr 1-Feb-17 Rs.72.68/Ltr Rs.70.29/Ltr Rs.79.48/Ltr Rs.43.35/Ltr Rs.43.25/Ltr 16-Jan-17 Rs.72.68/Ltr Rs.68.04/Ltr Rs.77.22/Ltr Rs.43.35/Ltr Rs.43.25/Ltr 2-Jan-17 Rs.72.68/Ltr Rs.66.27/Ltr Rs.75.22/Ltr Rs.43.35/Ltr Rs.43.25/Ltr 1-Dec-16 Rs.72.68/Ltr Rs.66.27/Ltr Rs.75.22/Ltr Rs.43.35/Ltr Rs.43.25/Ltr [divider style=”dotted” top=”5″ bottom=”5″] [divider style=”dotted” top=”5″ bottom=”5″] [divider style=”dotted” top=”5″ bottom=”5″] [divider style=”dotted” top=”5″ bottom=”5″]
[dropcap]E[/dropcap]xperts believe that Pakistan’s import bill will reach $50 billion during this fiscal 2017-18 which will chiefly disturb the Pakistan’s Balance of Payments (BoP) level. Pakistani oil industry experts presently revealed that Pakistan’s oil import bill grew about 35 percent YoY to $2.03 billion during July to August FY2018. Furthermore, the contribution of oil in total import bill was registered 21 percent, which is putting more pressure on Balance of Payments system during the period under review. The experts in Pakistan Bureau of Statistics (PBS) also mentioned that the import of petroleum products/commodities increased 19 percent in value. However, 58…
[dropcap]O[/dropcap]il industry has faced various issues for the past few years mainly because of fluctuations in global oil prices while constant instability in oil prices has disturbed business at various levels in Pakistan. It is calculated that the local oil demand is rapidly rising and the oil industry in our country and grown 9 percent because of rise in business activities and commencement of development projects in the entire country. Recently in Pakistan, it is also said that the issuance of new licenses to new oil marketing firms has raised competition manifolds. Entry of worldwide players in the oil industry…
US STOCKS END LOWER Wall Street fell on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the US election as well as with progress on a tax bill in Congress. Major indexes ended lower after an ABC News report that former national security adviser Michael Flynn was prepared to testify that before taking office President Donald Trump had directed him to make contact with Russians. The benchmark S&P 500 was down as much as 1.6 percent following the report. Flynn pleaded guilty on Friday to lying to the FBI about contacts with Russia’s ambassador. But stocks…
[dropcap]P[/dropcap]URSUING PERFECTION “THE GODS CAN SEE THEM.” The greatest sculptor of ancient Greece, Phidias, around 440 bc made the statues that to this day, 2,400 years later, still stand on the roof of the Parthenon in Athens. When Phidias submitted his bill, the city accountant of Athens refused to pay it. “These statues stand on the roof of the temple, and on the highest hill in Athens. Nobody can see anything but their fronts. Yet, you have charged us for sculpturing them in the round, that is, for doing their backsides, which nobody can see.” “You are wrong,” Phidias retorted.…
[dropcap]A[/dropcap]n 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. [ads2] [padding right=”15%” left=”15%”][/padding][tie_list type=”plus”] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 105 Nov/17 105 Stock Market 39922 points Nov/17 39673 Government Bond 10Y 7.93 % Nov/17 7.93 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…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency Activity Friday Friday Friday Thurs Friday Friday 13-Oct 20-Oct 28-Oct 9-Nov 17-Nov 24-Nov DOLLAR Buying 107.2 107.3 107.25 107.6 107.4 107.6 Selling 107.5 107.6 107.55 107.9 107.7 107.9 POUND Buying 141.5 141 140.5 141.25 141.5 142.25 Selling 143.25 142.75 142.25 143 143.25 144 EURO Buying 126.25 126.25 125 124.5 126.25 126.75 Selling 127.45 127.45 126.2 125.7 127.45 127.95 CANADIAN $ Buying 85 85.4 83.5 84.3 84.25 84.5 Selling 85.85 86.25 84.35 85.15 85.1 85.35 JAP YEN Buying 0.92 0.91 0.9 0.9 0.91 0.93 Selling 0.95 0.94 0.93 0.93 0.94 0.96 HK $ Buying 13.4…
CEMENT INDUSTRY IN PAKISTAN CEMENT PRODUCTION CAPACITY & DESPATCHES (Operational Units Data) July to June Production Capacity(Mn. Tones) % age Incr/(Dec) Local Despatches(Mn. Tones) % age Incr/(Dec) Exports (Mn. Tones) % age Incr/(Dec) Total Despatches(Mn. Tones) % age Incr/(Dec)(Total) Capacity Utilization% age Surplus Capacity(Mn. Tones) 1990-1991 8.89 0.00% 7.29 0.00% – 0.00% 7.29 0.00% 81.99% 1.60 1991-1992 8.89 0.00% 7.71 5.79% – 0.00% 7.71 5.79% 86.74% 1.18 1992-1993 8.89 0.00% 8.32 7.94% – 0.00% 8.32 7.94% 93.62% 0.57 1993-1994 9.05 1.77% 8.14 -2.26% – 0.00% 8.14 -2.26% 89.92% 0.91 1994-1995 10.17 12.43% 8.38 3.00% – 0.00% 8.38 3.00% 82.37% 1.79…
[dropcap]011[/dropcap]Economic managers see the higher cement demand in any state is a sign of its growing economy having positive impact on the different industrial units connected with construction sector. In Pakistan, researcher calculated that cement consumption in October 2017 continued to surge as the monthly dispatches of the commodity register high mark of 4.222 million tons, which is 19.71 percent larger than 3.526 million tons dispatches in the corresponding period last year. The experts also mentioned that the total dispatches of cement in Pakistan stood 14.570 million tons in the first four months of present fiscal year that is 16.53…
[dropcap]I[/dropcap]nfrastructure is an important tool for development of any country because it attracts the foreigners to invest in the country. It is also a fact that a nation cannot survive or achieve the economic targets unless it evolves a large scale infrastructure network and for which cement is always considered as a barometer of progress in developing state and is rightly taken as a significant economic activity indicator. Bestway Cement Limited is the second largest cement producer of Pakistan and a joint owner of Pakistan’s third largest bank, United Bank Limited. Bestway Cement is part of the Bestway Group of…
US STOCKS AT RECORD HIGH Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season. The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to Sept. 1. The Dow rose 31.81 points, or 0.14 percent, to 23,557.99, while the S&P gained 5.34 points,…
[dropcap]C[/dropcap]ONTROLS FOR NONMEASURABLE EVENTS A BALANCE BETWEEN THE MEASURABLE AND THE NONMEASURABLE IS A CENTRAL AND CONSTANT PROBLEM OF MANAGEMENT. Business, like any other institution, has important results that are incapable of being measured. Any experienced executive know companies or industries that are bound for extinction because they cannot attract or hold able people. This, every experienced executive also knows, is a more important fact about a company or an industry that last year’s profit statement. Yet the statement cannot be defined clearly let alone “quantified.” It is anything but “intangible”; it is very “tangible” indeed. It is just nonmeasurable.…