Author: S. Kamal Hayder Kazmi

A comprehensive commitment to SDG 4 through infrastructure upgrades, teacher capacity building and digital transformation According to the Economic Survey of Pakistan FY2022, human’s ability to learn is one of the distinguished features among other species and at the same time, the nations that are advanced in education, are leading the world. In every aspect of life no one can deny the significance of education. For changing the patterns of thought in the individuals and nations, education is a tool. Including Pakistan it occupies top priority in the social sector of developing nations. Historically, because of various challenges and issues…

In Pakistan the universal health coverage had been introduced. For this, the WHO in Pakistan is supporting Pakistan in offering medical equipment, ambulances and mobile units, labour rooms and improving primary and secondary health facilities. Pakistan: Federal And Provincial Health Expenditure (Rs million) Fiscal Years Public Sector Expenditure (Federal + Provincial) Health Expenditure as % of GDP Current Expenditure Development Expenditure Total Health Expenditures 2015-16 192,704 75,249 267,953 0.7 2016-17 229,957 99,005 328,962 0.8 2017-18 329,033 87,434 416,467 1.1 2018-19 363,154 58,624 421,778 1.0 2019-20 427,915 77,496 505,411 1.1 2020-21 494,606 91,664 586,270 1.0 2021-22 (P) 712,289 207,129 919,418 1.4…

As a distinct source for software development Pakistan’s Information Technology (IT) sector is establishing itself in developing into BPO and freelancing. In recent years experts recorded that Pakistan’s IT industry has witnessed remarkable growth after strong human capital, competitive cost advantage, and a growing ecosystem of startups and tech companies. The Government of Pakistan moreover, has taken various measures to enhance and support the IT sector by organising special technology parks and zones to offer a conducive environment for IT firms to conduct operations. As a consequence, these measures have not only encouraged investments in the industry but also facilitated…

In the telecom sector in Pakistan the business and investment environment challenging for some time and urgent policy reform is needed to ensure that connectivity continues to drive economic activity and digitalisation. As the telecom sector’s cost structure is dollarised in terms of spectrum fee, capex, fuel, electricity, etc, the companies also face a massive blow with the depreciation of local currency. Moreover, a breakdown of loans obtained through the private sector during FY2023 showed that telecom is among the highest borrowers, with a total loan of Rs 63.2 billion, and the highest fixed investment among all sectors, amounting to…

Pakistan’s total assets of the industry up 14.5 per cent, standing at Rs 2.421 trillion The insurance sector is made up of companies that offer risk management in the form of insurance contracts. The basic concept of insurance is that one party, the insurer, will guarantee payment for an uncertain future event. Meanwhile, another party, the insured or the policyholder, pays a smaller premium to the insurer in exchange for that protection on that uncertain future occurrence, according to researchers. During 2023, total global insurance market premiums increased by 3.4 per cent in real terms. The Non-life sector posted 2.6…

As the global cement market size reached US$ 363.2 billion in 2022, international researchers expect the market will reach US$ 518.5 billion mark by 2028, showing a growth rate (CAGR) of 6.22 per cent during 2023-2028. By rapid urbanisation, infrastructure development, favourable government initiatives and strategies, rising disposable incomes, and growing construction activities, chiefly in emerging economies, the global cement market is witnessing robust growth driven. On the other hand, it is also important to note that the global cement market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. Researcher also analysed…

Fertilisers play a significant role in the growth and productiveness of crops. Fertilisers are an essential contributor towards the agriculture sector of any country. International experts analysed that the global Fertiliser market witnessed unprecedented turmoil in 2022, mainly because of Western sanctions against the Russian and Belarussian economies related to Russia’s invasion of Ukraine. High prices have driven farmers to cut down the use of fertilisers, which threatens to hinder grain production in some states. Prices presently have drifted downward, but there are signs that the storm has yet to pass, and new challenges could be around the corner. The…

Pakistan: Gross National Product At Constant Basic Prices Of 2015-16 (Rs million Sectors) Details 2019-20 2020-21 F 2021-22 R 2022-23 P % Change 2021-22/ 2020-21 2022-23/ 2021-22 A. Agriculture 8,137,860 8,424,041 8,783,832 8,919,979 4.27 1.55 1. Crops 2,692,121 2,849,148 3,082,432 3,005,611 8.19 (2.49) i). Important Crops 1,506,263 1,593,985 1,680,279 1,626,473 5.41 (3.20) ii). Other Crops 1,067,179 1,152,009 1,289,491 1,292,401 11.93 0.23 iii). Cotton Ginning 118,679 103,154 112,662 86,737 9.22 (23.01) 2. Livestock 5,146,701 5,269,009 5,387,611 5,591,294 2.25 3.78 3. Forestry 177,917 183,877 191,354 198,881 4.07 3.93 4. Fishing 121,121 122,007 122,435 124,193 0.35 1.44 B. Industrial Sector 6,409,967 6,935,438 7,409,040…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (November 10 2023) Currency Symbol Buying Selling Australian Dollar AUD 185 186.8 Bahrain Dinar BHD 758.95 766.95 Canadian Dollar CAD 208 210 China Yuan CNY 39.32 39.72 Danish Krone DKK 40.89 41.29 Euro EUR 307.5 309.5 Hong Kong Dollar HKD…

Asian stocks slide as Hawkish Powell comments weigh Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury yields weighed on sentiment after hawkish comments from US Fed Chair Jerome Powell extinguished expectations of a peak in interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 percent to a one-week low of 486.39, while Japan’s Nikkei was 0.50 percent lower. US Federal Reserve officials including Powell said on Thursday they are still not sure interest rates are high enough to finish the battle with inflation. The Fed is…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD TA-35 [+] 11/09/2023 1,704.43 -0.61% -1.15% -1.39% -11.65% -5.15% ASE Amman [+] 11/09/2023 2,388.89 0.37% -0.63% -2.82% -2.09% -4.51% KASE [+] 11/10/2023 4,066.07 0.03% 0.27% 0.21% 33.04% 25.05% KSW Kuwait [+] 11/09/2023 7,233.76 0.53% -0.50% -0.03% -14.93% -10.87% KSE Kyrgyz [+] 11/10/2023 2,643.45 1.54% 1.54% 0 34.30% 14.31% LSX Index [+] 11/09/2023 1,073.93 0 3.42% -0.88% 26.07% 49.72% S&P/BVL Peru [+] 11/09/2023 21,697.64 0.17% 1.15% -2.68% -0.53% 1.72% PSEi [+] 12/29/2023 6,566.39 6.56% 6.56% 6.56% 0 0 WIG20 [+] 11/09/2023 2,170.91 1.43% -0.29% 13.70% 32.04%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] September 2023 3.7% 3.7% United Kingdom [+] September 2023 6.7% 3.8% Germany [+] October 2023 3.8% 4.1% France [+] October 2023 4.0% 3.7% Japan [+] September 2023 3.0% 2.0% Spain [+] October 2023 3.5% 3.5% Italy [+] October 2023 1.8% 1.0% Maldives [+] December 2022 1.4% 1.4% Mexico [+] October 2023 4.3% 3.3% Mozambique [+] September 2023 4.6% 2.4% Nigeria [+] September 2023 26.7% 21.4% Nicaragua [+] September 2023 7.2% 3.4% Netherlands [+] October 2023 -0.4% 2.2% Norway [+] September 2023 3.3% 3.1% New Zealand [+] September 2023…

IMF upgrades China’s 2023, 2024 GDP growth forecasts China’s economy is set to grow 5.4 percent this year, having made a “strong” post-COVID recovery, the International Monetary Fund said on Tuesday, making an upward revision to its earlier forecast of 5 percent growth, while expecting slower growth next year. The IMF said continued weakness in the property sector and subdued external demand could restrict gross domestic product growth to 4.6 percent in 2024, which was still better than the 4.2 percent forecast contained in its World Economic Outlook (WEO), published in October. The Upward revision followed a decision by China…

FBX index November 2023: ramping up the uncertainty As if the container shipping capacity wasn’t sufficiently unpredictable, the past month has seen the uncertainty taken up a notch for 2024. Let us start with the element for which there is the least uncertainty: overcapacity. Carriers are taking delivery of a substantial amount of new capacity both this year and in 2024. In rough terms the global fleet stands to grow 8 percent over the next two years measured on a year-on-year basis. At the same time the year-on-year growth for Jan-Aug 2023 was -3.3 percent measured in TEU and -2.5…

Consumer affairs SECY urges Brazil to grow pulses Union consumer affairs secretary Rohit Kumar Singh on Thursday emphasized the need for a partnership between India and Brazil for the import of pulses and urged businessmen and officials of Brazil to grow pulses, especially tur (pigeon pea) and urad (black gram) to cater to the demand of India’s 1.4 billion population amid falling production and growing demand. Addressing a conference on “the future of India-Brazil relations in the agribusiness sector”, Singh said, “I, as consumer affairs secretary, need to ensure that food items are available in the country for our 1.4…

Feedback: Key to Continuous Learning To know one’s strengths, to know how to improve them, and to know what one cannot do – are the keys to continuous learning. Whenever a Jesuit priest or a Calvinist pastor does anything of significance (for instance, making a key decision), he is expected to write down what results he anticipates. Nine months later, he then feeds back from the actual results to these anticipations. This very soon shows him what he did well and what his strengths are. It also shows him what he has to learn and what habits he has to…

Pakistan has developed in the services and manufacturing sectors, but agriculture still remains one of the most significant components of the country’s economic mix. As a consequence, in the sector it is even more concerning when one observes the scale of systematic negligence, which has prevented it from reaching anywhere close to its potential. Consequent upon the Floods-2022, the Government of Pakistan mentioned that the Rabi season crops have shown higher yield, which compensated the crop damages of the Kharif season, leading to an overall growth of agriculture sector to 1.55 per cent. As such, the production growth of sugarcane…

International researchers analysed the 2024 global export forecast of rice is lowered 3.4 million tonnes to 52.9 million tonnes, with exports from India lowered 4.0 million tonnes to 19.0 million tonnes. The 2024 export reduction for India was partially offset by increased export forecasts for Pakistan, Brazil, Russia, and Vietnam. Pakistan: Yield Per Hectare Of Major Agricultural Crops (Kg/Hectare) Fiscal Year Wheat Rice Sugarcane Maize Gram Cotton 2010-11 2,833 2,039 55,981 3,806 471 725 2011-12 2,714 2,396 55,196 3,991 282 815 2012-13 2,796 2,398 56,466 3,981 757 769 2013-14 2,824 2,437 57,511 4,233 420 774 2014-15 2,726 2,422 55,062 4,323…

Pakistan: Production Index Of Important Crops Fiscal Year Food crops Cash crop Fiber crop Wheat Maize Rice Sugarcane Cotton Base Year 2005-06 2005-06 100.0 100.0 100.0 100.0 100.0 2006-07 109.5 99.3 98.0 122.6 98.7 2007-08 98.5 115.9 100.3 143.1 89.5 2008-09 113.0 115.5 125.3 112.0 90.8 2009-10 109.6 104.9 124.1 110.5 99.2 2010-11 118.5 119.2 87.0 123.8 88.0 2011-12 110.3 139.5 111.1 130.7 104.4 2012-13 113.8 135.7 99.8 142.7 100.1 2013-14 122.1 159.0 122.6 151.0 98.1 2014-15 117.9 158.7 126.2 140.7 107.2 Base Year 2015-16 2015-16 100.0 100.0 100.0 100.0 100.0 2016-17 104.1 116.4 100.7 115.3 107.6 2017-18 97.8 112.0…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Oct 20 2023) Currency Symbol Buying Selling Australian Dollar AUD 175.15 176.9 Bahrain Dinar BHD 735.47 743.47 Canadian Dollar CAD 204 206 China Yuan CNY 37.98 38.38 Danish Krone DKK 39.03 39.43 Euro EUR 295.1 298 Hong Kong Dollar HKD…

Tokyo shares drop on Middle East crisis Tokyo stocks tracked Wall Street lower Thursday on worries that the battle between Israel and Hamas could spill over into a wider regional conflict. The benchmark Nikkei 225 index lost 1.91 percent, or 611.63 points, to 31,430.62, while the broader Topix index slipped 1.36 percent, or 31.18 points, to 2,264.16. The dollar stood at 149.72 yen against 149.93 yen in New York late Wednesday. “A broad range of shares faced selling pressure as investors’ caution strengthened. US yields climbed on the back of the escalation of the Middle East situations,” IwaiCosmo Securities said.…

Stock Market Indexes Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD SPX Fiji [+] 10/20/2023 8,246.76 0.09% 0.73% 0.54% 8.29% 4.02% OMX25 [+] 10/19/2023 4,082.53 -1.56% -3.88% -6.56% -10.82% -15.40% GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 26.83% HANG SENG [+] 12/30/2023 19,781.41 14.65% 14.65% 14.65% 0 0 BUX [+] 12/30/2023 43,793.76 -23.27% -23.27% -23.27% 0 0 ICEX [+] 10/20/2023 1,834.58 0 -2.88% -5.86% -14.63% -16.59% NIFTY [+] 10/19/2023 19,624.70 -0.24% -0.64% -2.53% 12.06% 8.39% JCI Jakarta [+] 10/19/2023 6,846.43 -1.18% -1.16% -1.92% -0.20% -0.06% TA-35 [+] 10/19/2023 1,669.43 -1.85% -2.56% -9.22% -11.76% -7.09% ASE…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] September 2023 3.7% 3.7% United Kingdom [+] September 2023 6.7% 3.8% Germany [+] September 2023 4.5% 4.1% France [+] September 2023 4.9% 3.6% Japan [+] August 2023 3.1% 1.7% Spain [+] September 2023 3.5% 3.1% Italy [+] September 2023 5.3% 1.1% Portugal [+] September 2023 3.6% 2.4% Greece [+] September 2023 1.6% 3.4% Ireland [+] September 2023 6.4% 4.6% Andorra [+] September 2023 6.1% 4.9% Armenia [+] September 2023 2.8% -2.3% Angola [+] September 2023 15.0% 12.2% Argentina [+] September 2023 138.3% 103.2% Austria [+] August 2023 7.4%…

Bangladesh’s economy to rebound after national elections The Economy of the country will see a positive upturn following the upcoming national elections, Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat Ul Islam said. Speaking at a programme at Dhaka Stock Exchange (DSE), the BSEC chief said the country’s capital market was held back for over two decades. He said the capital market is very technical and many people could not understand its importance. “Currently the market is moving forward. The market scope has increased a lot. New products are being launched. However, this market needs further development if…

New fuels, new challenges Shipping need’s for decarbonization has increased the needs for alternative fuels and the supply chains to support them. For the most part, both of these prerequisites don’t exist today. In its latest weekly report, shipbroker said that “the maritime industry is on the verge of a significant transformation as it navigates through complex challenges and opportunities in 2023. After a period marked by disruptions due to the COVID-19 pandemic and geopolitical tensions, the sector is expected to experience a rebound in global seaborne trade. This resurgence is not happening in isolation; it is paralleled by an…

Global coal industry could lose almost a million jobs by 2050 The Global coal industry could shed almost a million jobs between now and 2050, as existing mines around the world shutter while cheaper wind and solar power become more readily available, the Global Energy Monitor said in a report Tuesday. The Losses, projected to affect more than a third (37 percent) of the industry’s 2.7 million coal miners worldwide, could occur even without ambitious climate targets or pledges to phase out coal. More than 400,000 workers operate mines that could be depleted or discontinued after 2035, and up to…

Management: The Central Social Function Non economic institutions need a yardstick that does for them what profitability does for business. Non business institutions flock in increasing number to business management to learn from it how to manage themselves. The hospital, the armed service, the Catholic diocese, the civil service – all want to go to school for business management. This does not mean that business management can be transferred to other, non business institutions. On the contrary, the first thing these institutions have to learn from business management is that management begins with the setting of objectives and that, therefore,…

 Pakistan’s solar energy market size set to increase from 1.3 GW in 2023 to 9.77 GW by 2028 To promote and develop cost-effective local renewable energy sources, Pakistan has approved the framework guidelines for fast-track solar initiatives in 2022. It is expected to reduce local price volatility because of less reliance on the worldwide market and ease the foreign exchange requirements. It is said that this framework covers three main aspects such as solar PV energy substitution for expensive imported fossil fuels, solar PV generation on 11 kV feeders, and public buildings solarisation. To attain a 60 per cent energy…

Medium-term fiscal plans must align macroeconomic policies The global economy is expected to grow by 3.0 per cent in 2023, before slowing down to 2.7 per cent in 2024. Despite the weaker-than-expected recovery in China, in 2023-24 a disproportionate share of worldwide growth is expected to continue to come from Asia. After a stronger-than-expected start to 2023, assisted by lower energy prices and the full reopening of China after Covid ease, worldwide growth is expected to moderate, a study by international experts showed. According to experts, the impact of tighter monetary policy is becoming increasingly visible, business and consumer confidence…

Pakistan: Quantum Index Of Selected Large-Scale Manufacturing Items (YOY Growth) (Base Year: FY2016) (P) S. No. Descriptions of Items Weight Adjusted Weight July 2022 2023 A Manufacturing of Food 10.7 13.6 -14.8 10.0 B Manufacturing of Beverages 3.8 4.9 -2.5 -6.7 C Manufacturing of Tobacco 2.1 2.6 -75.5 54.0 D Manufacturing of Textile 18.2 23.2 -2.2 -22.0 E Manufacture of Wearing Apparel 6.1 7.8 48.5 30.8 F Manufacturing of Leather Products 1.2 1.6 16.5 -2.0 G Manufacturing of Wood Products 0.2 0.2 2.9 -4.5 H Manufacturing of Paper & Board 1.6 2.1 18.6 -15.4 I Manufacturing of Coke & Petroleum…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Oct 06 2023) Currency Symbol Buying Selling Australian Dollar AUD 178.2 180 Bahrain Dinar BHD 757.11 765.11 Canadian Dollar CAD 210 212 China Yuan CNY 39.1 39.5 Danish Krone DKK 39.69 40.09 Euro EUR 297 300 Hong Kong Dollar…

Saudi Arabia stocks lower at close of trade; tadawul all share down 0.70pc Saudi Arabia stocks were lower after the close on Thursday, as losses in the Energy & Utilities, Real Estate Development and Financial Services sectors led shares lower. At the close in Saudi Arabia, the Tadawul All Share lost 0.70 percent to hit a new 6-months low. Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 151 to 113 and 22 ended unchanged. Crude oil for November delivery was down 0.36 percent or 0.30 to $83.92 a barrel. Elsewhere in commodities trading, Brent oil for…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD ICEX [+] 10/06/2023 1,897.16 0 -1.74% -6.49% -14.02% -13.74% NIFTY [+] 10/05/2023 19,545.75 0.56% -0.47% -0.15% 13.15% 7.96% JCI Jakarta [+] 10/05/2023 6,874.83 -0.17% -0.94% -1.67% -2.83% 0.35% TA-35 [+] 10/05/2023 1,830.65 -0.49% -2.20% -0.84% -0.40% 1.88% ASE Amman [+] 10/05/2023 2,471.46 0.74% 2.44% 2.63% -0.07% -1.20% KASE [+] 10/06/2023 4,070.56 -0.06% -0.81% 5.52% 30.25% 25.18% KSW Kuwait [+] 10/05/2023 7,401.70 -0.77% -1.99% -2.63% -8.94% -8.80% KSE Kyrgyz [+] 10/06/2023 2,567.34 0 -2.84% -15.08% 36.13% 11.02% LSX Index [+] 10/05/2023 1,071.63 0.44% 0.86% 5.91% 29.90%…

CPI Countries Countries Date CPI Interannual Accum. since January Brazil [+] August 2023 4.1% 2.8% Belarus [+] January 2022 10.4% 1.5% Belize [+] August 2023 3.4% 2.8% Canada [+] August 2023 4.0% 3.7% Switzerland [+] August 2023 1.6% 1.9% Chile [+] August 2023 5.3% 2.6% China [+] August 2023 0.1% 0.5% Ghana [+] July 2023 10.4% 17.3% Equatorial Guinea [+] August 2023 1.4% 0.9% Guatemala [+] August 2023 4.5% 2.9% Honduras [+] December 2022 9.8% 9.8% Hungary [+] August 2023 16.4% 5.6% Indonesia [+] August 2023 3.3% 1.4% Israel [+] August 2023 4.1% 3.0% Peru [+] September 2022 8.8% 6.9%…

World bank lowers Bangladesh’s economic growth projection for fy24 The World Bank on Tuesday said Bangladesh’s economy may grow at a slower pace in the current FY24 than it did in the previous fiscal year as it faced economic headwinds such as high inflation, external payment pressure, financial sector vulnerabilities and uncertainty. In their latest report, “Bangladesh Development Update- New Frontiers in Poverty Reduction”, it also stated that Bangladesh has had a good recovery record, especially post-Covid-19 pandemic period. To bring that space again and to overcome these challenges, Bangladesh should not delay in reforming its financial sector, and must…

Canada-India row: navigating the downside risks to dry bulk? The Impact on dry bulk shipping demand is likely to be minimal as the bilateral relations between Canada and India crumbled to an all-time low. The Political row between Canada and India escalated last week, with both countries taking diplomatic actions to take a stance. The trade talks between the two countries have already been halted. However, Drewry expects a minimal impact on dry bulk shipping, even if trade between them deteriorates further. Ship recycling activity enters slow season The Ship recycling market hasn’t shown any signs of vibrancy over the…

Korea zinc expands nickel production Korea Zinc, the world’s largest zinc smelter by output, is expanding its nickel business and embracing battery materials to drive growth as it aims to capitalise on US efforts to reduce dependence on China in the global electric vehicle supply chain. “This China decoupling momentum is creating great opportunities for us and Korea as a whole,” Park Ki-deok, the president of the South Korean company, told the Financial Times. “We are the best alternative to China to meet the IRA conditions.” The Inflation Reduction Act, US president Joe Biden’s flagship climate legislation, offers billions of…

Organizational Inertia All organizations need a discipline that makes them face up to reality. All organizations need to know that virtually no program or activity will perform effectively for a long time without modification and redesign. Eventually every activity becomes obsolete. Among organizations that ignore this fact, the worst offender if government. Indeed, the inability to stop doing anything is the central disease of government and a major reason why government today is sick. Hospitals and universities are only a little better than government in getting rid of yesterday. Businessmen are just as sentimental about yesterday as bureaucrats. They are…

Globalization, through international trade, has facilitated the exchange of goods and services across borders. This has brought about both positive and negative consequences. On the positive side, globalization has allowed nations to benefit from specialization, where countries focus on producing goods and services they are most efficient at, leading to increased productivity and economic growth. It has also encouraged the spread of knowledge and new technologies, promoting innovation and development. Balancing the advantages of globalization with addressing its negative consequences remains a complex challenge for governments and policymakers worldwide. It requires a thoughtful and nuanced approach to ensure that the…

The close friendship and multi-dimensional relations between Saudi Arabia and Pakistan are indeed significant. The planned $25 billion investment from Saudi Arabia in various sectors, including agriculture, mining, and IT, will likely have a substantial impact on Pakistan’s economy. This investment is not only a testament to the strong political and economic ties but also demonstrates Saudi Arabia’s commitment to boosting Foreign Direct Investment (FDI) in Pakistan. Furthermore, the presence of over 2 million Pakistani expatriates in Saudi Arabia and their role as the largest source of remittances for Pakistan adds another layer of importance to this relationship. These remittances…

Pakistan: Export Receipts By Saudi Arabia (Thousand US $) Year Jan-11 Feb-11 Mar-11 Apr-11 May-11 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Value 30,586 30,919 37,029 35,410 40,162 27,099 30,790 28,276 25,235 31,075 Year Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Value 44,454 35,481 41,033 37,826 32,815 23,065 27,618 29,531 27,631 27,507 Year Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Value 30,375 34,909 35,581 35,710 41,015 25,323 26,351 27,220 26,569 20,371 Year Apr-12 May-12 Jun-12 Jul-12 Aug-12 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Value 47,047 49,313 34,751 38,824 39,038 27,008 22,527 23,398 28,466 23,220 Year Sep-12 Oct-12…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Sep 22 2023) Currency Symbol Buying Selling Australian Dollar AUD 198 200 Bahrain Dinar BHD 781.13 789.13 Canadian Dollar CAD 220 222.2 China Yuan CNY 40.22 40.62 Danish Krone DKK 42.35 42.75 Euro EUR 317 320 Hong Kong Dollar HKD…

China stocks hit 10-month low on hawkish US Fed stance China and Hong Kong stocks slipped further on Thursday as risk sentiment was hit after the US Federal Reserve signalled another rate hike by year-end and much tighter monetary policy through 2024 than previously expected. China’s blue-chip CSI 300 Index declined 0.9 percent to close at its lowest since November 2022, while Hong Kong’s Hang Seng Index fell 1.3 percent. Asian stocks followed Wall Street’s lacklustre lead, dipping across the board as the Fed stiffened its hawkish monetary policy stance, pressuring markets. The Fed held interest rates steady, as expected,…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD OMX Riga [+] 12/30/2023 1,152.80 -13.29% -13.29% -13.29% -0.10% -0.10% OMX Vilnius [+] 12/30/2023 947.14 0.61% 0.61% 0.61% -0.01% -0.01% LuxX [+] 09/21/2023 1,427.30 -0.35% -0.16% -0.37% 6.99% -2.29% FBMKLCI [+] 12/30/2023 1,495.49 3.26% 3.26% 3.26% 0 0 MSE Malta [+] 12/30/2023 3,554.18 -3.74% -3.74% -3.74% 0 0 SEMDEX [+] 12/30/2023 2,055.25 -1.56% -1.56% -1.56% 0 0 IPC MEXBOL [+] 12/30/2023 48,463.86 -6.72% -6.72% -6.72% 0 0 MSE TOP-20 [+] 09/18/2023 34,826.47 -0.55% -0.55% -3.12% -1.87% -7.29% MONEX20 [+] 09/21/2023 14,899.87 0.88% 0.44% -0.33% 29.01%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] August 2023 3.7% 3.5% United Kingdom [+] August 2023 6.7% 3.2% Germany [+] August 2023 6.1% 3.8% France [+] August 2023 4.8% 4.1% Japan [+] August 2023 3.1% 1.7% Spain [+] August 2023 2.6% 3.0% Italy [+] August 2023 5.5% 1.0% Belize [+] July 2023 2.8% 1.6% Canada [+] August 2023 4.0% 3.7% Switzerland [+] August 2023 1.6% 1.9% Chile [+] August 2023 5.3% 2.6% Netherlands [+] August 2023 3.0% 2.2% Norway [+] August 2023 4.8% 3.2% New Zealand [+] June 2023 6.0% 2.3% Panama [+] August 2023…

China’s economic malaise was perfectly predictable There is very little doubt that the Chinese economy is currently in dire straits. Not only have property prices fallen for two years now, but there are also concerns about the economy entering a period of deflation (or persistently falling prices). A deflationary spiral works in the same way as an inflationary one, except in reverse. As prices fall, households cut back on spending in anticipation of prices falling further; firms cut back on hiring and investments in expectation of future reductions in wages and other costs. Such decisions may be individually rational, but…

Blank sailing trends will persist This analytical piece provides an in-depth examination of current trends in blank sailings across major shipping routes, encompassing the Transpacific, Transatlantic, and Asia-North Europe & Mediterranean trades. Shipping firms cancel or exclude planned journeys for various reasons, including seasonal demand shifts, trade imbalances, port congestion, labor disputes, adverse weather, or unforeseen events like the COVID-19 pandemic. In 2021-2022, carriers added extra voyages to meet rising demand, but supply chain issues caused ships to get stuck in port queues, resulting in numerous cancellations despite increased capacity. Newbuilding activity settles down Newbuilding ordering activity was on the…

Rice gap hybrid rice production to increase crop yield The price of rice has increased to 8.7 percent in August from 4.2 percent in July 2023, or double the amount, according to a Philippine Statistics Authority (PSA) report. To respond to this situation, Dr. Frisco Malabanan, MRIDP Productivity enhancement focal person, said hybrid rice will assure food supply sufficiency in the country as the population increases over time. Hybrid rice, espoused by the Masagana Rice Industry Development Program (MRIDP), is expected to increase production per area with a reduced production cost. Malabanan said the increase in population requires a concomitant…

Business Not Financial Strategy “There ain’t no bargains,” and “You get at most what you pay for,” Successful acquisitions are based upon business plans, not financial analyses. Acquisition targets must fit the business strategies of the acquiring company; other wise, the acquisition is likely to fail. The worst acquisition record of the last decades of the twentieth century was that of Peter Grace, the longtime CEP of W. R. Grace. He was a brilliant man. He set out in the 1950s to build a world-class multinational through financially-based acquisitions. He assembled the ablest group of financial analysts and had them…

The investors did not have high expectations from their businesses under the struggling economy but keep running the businesses under making minimum investment just to avoid a halt to activities, said experts. Through clearing the way for profit repatriation to headquarters abroad the experts also emphasised that the Government of Pakistan should have given top priority to foreign financiers, which would have given them confidence and encouraged the investors to pour more capital. Net FDI in Pakistan ($ Million) Sector 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24(July) Oil & Gas 249 146 372 349.8 311.4 251 195.3 135.1…

The Global GDP growth according to the WTO forecast for April 2023, was expected to be 2.4 per cent in 2023. Both trade and growth are below the last 12 years averages of 2.6 and 2.7 per cent, respectively. In this situation, countries need to have strong trade integrations besides abstaining from trade barriers. The trade growth was projected to be 1.7 per cent in 2023, higher from earlier forecast of 1.0 per cent in October 2022. The slowdown in trade growth was because of weak global demand in 2022. A similar situation can also be observed in the regional…

Over a period of time, inflation is on the increase in the general price level of goods and services along with worrying economic stability. Economists recorded that in the economy the demand-supply imbalance creates inflation. Since the emergence of industrialisation and globalisation of markets, local also global factors are responsible for inflationary pressure. It has been noted that the Russia-Ukraine war, disruptions in the global supply chain, overloaded ports, logistical challenges and strong merchandise demand in recent years have intensified inflationary pressures. Inflation grew in 2022 considerably in many countries around the world. According to data released by World of…

Composition of GDP (at current prices) in Pakistan: Expenditure Approach Details FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 As percent of GDP (MP) Growth Rates (%) Point Contribution Household Consumption 82.49 84.85 83.43 20.37 22.72 24.95 16.40 18.75 21.17 NPISH Consumption 0.97 0.89 0.80 11.03 9.77 13.66 0.11 0.09 0.12 General Government Consumption 10.93 10.50 9.73 8.89 14.60 17.84 1.05 1.60 1.87 Total Consumption [C] 94.39 96.24 93.96 18.82 21.65 24.07 17.56 20.44 23.16 Gross Fixed Investment 12.82 14.01 11.92 14.93 30.35 8.14 1.96 3.89 1.14 Private 9.85 10.54 8.81 12.62 27.66 6.18 1.30 2.73 0.65 Public including…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Currency Rate As Per Open Market (Sep 08, 2023) Currency Symbol Buying Selling Australian Dollar AUD 198 200 Bahrain Dinar BHD 816.3 824.3 Canadian Dollar CAD 228.8 230 China Yuan CNY 41.79 42.19 Danish Krone DKK 44.04 44.44 Euro EUR 323.8 327 Hong Kong Dollar HKD 39.15…

Nasdaq heads for fourth day of losses Stocks opened mixed Thursday as concerns over further interest-rate hikes loom and a tech selloff continues. The Dow Jones Industrial Average gained 55 points, or 0.2 percent. The S&P 500 dropped 0.6 percent, and the tech-heavy Nasdaq Composite fell 1.4 percent. It was the fourth straight day of declines for the Nasdaq as Apple (ticker: AAPL) shares tumbled. News yesterday that China banned the use of iPhones for central government officials at work was continuing to weigh heavily on the stock. Recent hawkish comments from Federal Reserve officials did not shut down the…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD BUX [+] 12/30/2023 43,793.76 -21.64% -21.64% -21.64% 0 0 ICEX [+] 09/08/2023 2,011.64 0 -2.91% -2.28% -16.82% -8.54% NIFTY [+] 09/07/2023 19,727.05 0.59% 1.50% 0.66% 11.93% 8.96% JCI Jakarta [+] 09/07/2023 6,954.81 -0.59% -0.33% 0.99% -3.23% 1.52% TA-35 [+] 09/07/2023 1,826.54 -0.72% -1.15% -2.45% -7.29% 1.65% ASE Amman [+] 09/07/2023 2,411.01 0.44% -0.12% -1.36% -2.79% -3.62% KASE [+] 09/08/2023 3,875.72 0.04% 0.62% 3.23% 23.23% 19.19% KSW Kuwait [+] 09/07/2023 7,691.23 0.69% 0.01% -3.74% -8.95% -5.23% KSE Kyrgyz [+] 09/07/2023 3,023.20 0 0 1.82% 56.05% 30.73%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] July 2023 3.2% 3.0% United Kingdom [+] July 2023 6.8% 2.9% Germany [+] August 2023 6.1% 3.8% France [+] August 2023 4.8% 4.1% Norway [+] July 2023 5.4% 4.0% New Zealand [+] June 2023 6.0% 2.3% Panama [+] July 2023 0.6% 1.6% Peru [+] September 2022 8.8% 6.9% Philippines [+] July 2023 4.7% 1.5% Pakistan [+] December 2023 0% 0% Poland [+] July 2023 10.8% 5.4% State of Palestine [+] December 2018 0.3% 0.3% Paraguay [+] August 2023 2.9% 2.0% Romania [+] July 2023 9.4% 4.4% Russia [+]…

Malaysia needs to learn from China to leapfrog its economy – Miti Malaysia needs to learn from China to leapfrog its economy, particularly in terms of technology innovations and manufacturing. The Ministry of Investment, Trade and Industry (MITI) said that despite the slowdown in China’s economy affected by the property development and construction sectors, the country’s manufacturing and technology sectors are still doing very well. “Leapfrogging means that you do not continue to produce at the same level. You must try to upgrade technologically to produce by adopting automation as well as making digital arrangement. “We must do things differently…

Is the ship recycling market about to see more activity? The ship recycling market has been hampered by reduced activity for quite some time. However, shipping experts feel that the coming weeks could offer some respite. In its latest weekly report, shipbroker said that “ss the days grow shorter now that the first of September has arrived, the engaging thoughts are whether this is the month which will see more supply of recycling candidates come into the market. We continue to see some of the vintage, Far Eastern controlled, dry bulk units coming for sale or arriving to the recycling…

Australia trims wheat crop estimate, curbing global supplies The government trimmed its estimate by 3 percent from June to 25.4 million tons, putting the crop on track for a 36 percent decline from the record harvest a year earlier, according to the Australian Bureau of Agricultural and Resource Economics and Sciences. Wheat is a major winter crop in Australia with planting from April and the harvest starting in November. Even less wheat from major exporter Australia may come as a blow to international buyers such as China, which could need more imports after rain hurt its crop. Extreme weather from…

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…

The health indicators of Pakistan have shown improvement in the last 25 years despite various social, economic, political and cross-border challenges compounded through successive natural catastrophes but still, the country lags behind in the development of the sector as compare some regional countries’ growth. According to the Economic Survey of Pakistan, health sector allocation under Public Sector Development Programme (PSDP) for the fiscal year 2022-2023 is Rs 22,356.5 million, which is 2.8 per cent of the total development budget (Rs 800,000 million) and 0.05 per cent of GDP. There are 62 health sector projects in the PSDP 2022-23 and under…

Increased worldwide human life expectancy reflects better health facilities as the probability of longer life is already a long-term trend, according to global research. It says survival of the older ages has become more common and therefore health among older people varies significantly within the states. The number of years lived in good health, or at least with no severe disability, has risen in various places. Men live, on average, fewer years than women. Yet older women experience a greater prevalence of disability and morbidity. Given the dominance of cardiovascular disease and cancer as causes of death, dissimilar personal behaviours…

Pakistan: Health And Nutrition Indicators Of Pakistan 2020 2021 Maternal Mortality Ratio (Per 100,000 Births) 154 – Neonatal Mortality Rate (Per 1,000 Live Births) 40.4 39.4 Mortality Rate, Infant (Per 1,000 Live Births) 54.4 52.8 Under-5 Mortality Rate (Per 1,000 Live Births) 65.5 63.3 Incidence of Tuberculosis (Per 100,000 People) 255 264 Life Expectancy at Birth, (Years) 66.3 66.1 Births Attended by Skilled Health Staff (% of Total) 68.0 – Immunization, Measles (% of children ages 12-23 months) 83.0 81.0 Prevalence of HIV, Total (% of Population Ages 15-49) 0.2 0.2 Prevalence of Anemia in Women of Reproductive Age (Aged…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market( Aug 25, 2023) Currency Symbol Buying Selling Australian Dollar AUD 200 202 Bahrain Dinar BHD 796.98 804.98 Canadian Dollar CAD 230 232.3 China Yuan CNY 41.28 41.68 Danish Krone DKK 43.67 44.07 Euro EUR 339 341.8 Hong Kong Dollar HKD…

Sensex closes lower by 180 points Benchmark stock indices Sensex and Nifty closed lower on Thursday after three days of gains dragged mainly by selling in index majors Reliance Industries and HDFC Bank. The BSE Sensex pared early gains to settle 180.96 points or 0.28 percent lower at 65,252.34. During the day, it hit a high of 65,913.77 and a low of 65,181.94. The NSE Nifty declined 57.30 points or 0.29 percent to settle at 19,386.70 as 35 of its stocks declined while 16 advanced. Sensex and Nifty opened higher following overnight gains in U.S. stocks and positive cues from…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD KASE [+] 08/25/2023 3,796.66 0.07% 1.16% 3.26% 21.24% 16.76% KSW Kuwait [+] 08/24/2023 7,765.55 0.46% -0.55% -3.75% -11.16% -4.31% KSE Kyrgyz [+] 08/25/2023 2,968.82 0 0.07% -0.01% 52.62% 28.38% LSX Index [+] 08/24/2023 1,056.23 0.47% 2.90% 4.92% 77.87% 47.25% OMX Riga [+] 12/30/2023 1,152.80 -19.51% -19.51% -19.51% -0.10% -0.10% OMX Vilnius [+] 12/30/2023 947.14 -1.56% -1.56% -1.56% -0.01% -0.01% LuxX [+] 08/24/2023 1,438.69 -0.34% 0.45% -2.51% -1.47% -1.51% MSE TOP-20 [+] 08/24/2023 35,297.65 -0.78% -1.81% -4.58% -0.53% -6.04% MONEX20 [+] 08/24/2023 15,123.82 0.60% 0.85% 2.41%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] July 2023 3.2% 3.0% United Kingdom [+] July 2023 6.8% 2.9% Germany [+] July 2023 6.2% 3.5% France [+] July 2023 4.3% 3.1% Japan [+] July 2023 3.3% 1.5% Spain [+] July 2023 2.3% 2.4% Italy [+] July 2023 6.0% 0.7% Portugal [+] July 2023 3.1% 0.9% Greece [+] July 2023 2.5% 1.6% Ireland [+] July 2023 5.8% 3.8% Andorra [+] July 2023 4.4% 2.8% Armenia [+] March 2023 7.2% 0.8% Angola [+] July 2023 12.1% 7.7% Argentina [+] July 2023 113.5% 60.2% Austria [+] June 2023 8.0%…

Sri Lanka’s debt restructuring challenge The Sri Lankan economy has begun to show signs of recovery from its worst economic crisis since independence following the US$2.9 billion International Monetary Fund (IMF) reform program that commenced in late March 2023. Sri Lanka’s foreign exchange buffers have improved thanks to the first instalment of the IMF loan, supplemental funding from the Asian Development Bank and the World Bank and rising migrant worker remittances and tourist arrivals. This has permitted the government to lift restrictions on essential imports. Inflation is gradually dissipating and long queues at fuel stations and mass street protests have…

Drewry: tanker shipping stocks volatile in 2023 So far, the year 2023 has been very volatile for stocks of crude tanker shipping companies. Drewry Crude Tanker Index rallied at the beginning of the year, followed by a declining trend between the latter half of March and June. However, the index is on an uptrend from July on the back of better-than-expected economic data from the US and a robust demand outlook for crude oil. Overall, the index jumped 26.6 percent YTD and outperformed the broader S&P 500, which gained 13.8 percent YTD. Stock prices of product tanker shipping companies were…

Mint explainer: why did the govt raise kharif rice procurement target? Despite predictions of deficient rains in the second half of the monsoon, India’s rice production in the current Kharif season may exceed the previous year’s 110 million tonnes (mt), based on initial estimates from states. Accordingly, the food ministry on Tuesday announced that the target for next season’s procurement, beginning on October 1, has been raised marginally to 52.1 mt from the current season’s actual purchase of 49.6 mt. Mint takes a closer look at the latest developments. Nigeria’s oil production plunges by 15.5pc in July Oil production in…

The New Entrepreneur History moves in a spiral; one returns to the preceding position, but on a higher level, and by a corkscrew-like path. We are again entering an era in which emphasis will be on entrepreneurship. However, it will not be an entrepreneurship of a century ago, that is, the ability of a single man to organize a business he himself could run, control, embrace. It will rather be the ability to create and direct an organization for the new. We need men and women whop can build a new structure of entrepreneurship on the managerial foundations laid these…

According to the Economic Survey FY2022, Pakistan falls among those few developing states whose constitution delineates social security as the civil right of every citizen. It’s the responsibility of the state to provide social security as indicated in Article-38 of the constitution of the Islamic Republic of Pakistan. Other basic amenities include clothing, housing, food, medical relief and education irrespective of caste or race, etc. The Government of Pakistan has remained prone to a series of challenges, that is economic crises, political unrest, natural calamities, etc. which exacerbate the vulnerabilities of the poor segments. Furthermore, the process of structural adjustment…

The potential exports growth according to government officials, is hindered owed to a lack of diversification in export goods. The trend of Pakistan’s exports of major items remains more or less the same having concentrated on three commodities such as leather, cotton manufactures and rice. These three categories account for 68.1 percent of total exports during July-March FY2023. Among these few commodities cotton manufacturers remain major contributors with 57.3 percent share in total exports, followed by leather (3.2 percent), rice (7.6 percent) and other items (31.9 percent). This pattern explained that Pakistan’s export is still exporting few commodities. USA as…

Across the globe, fiscal deficits reduced in 2020 to 4.7 percent of GDP on average in 2022 from 9.6 percent. Because of increasing interest costs and an anticipated rise in public spending mainly due to higher spending on wages and pensions to compensate for past inflation, the overall fiscal deficits are expected to rise slightly up to 5.0 percent of GDP on average. In 2023 fiscal tightening as economies encounter expenditure pressure is expected to slow down global economic activity. Furthermore, ongoing geopolitical tensions may further necessitate substantial increases in defence spending and budgetary support to mitigate the negative effects…

Workers’ Remittances In Pakistan (Million US Dollar) (Provisional) Country July-June Amount YoY growth (percent) FY23 FY22 FY21 FY23 FY22 Cash 27,024.3 31,278.8 29,449.9 (13.6) 6.2 1. USA 3,090.2 3,087.4 2,599.6 0.1 18.8 2. U.K. 4,056.4 4,492.9 4,091.0 (9.7) 9.8 3. Saudi Arabia 6,445.4 7,754.2 7,726.3 (16.9) 0.4 4. UAE 4,648.6 5,846.2 6,164.8 (20.5) (5.2) Dubai 3,576.0 4,558.3 5,116.0 (21.5) (10.9) Abu Dhabi 1,015.8 1,208.2 944.8 (15.9) 27.9 Sharjah 37.9 59.8 79.4 (36.6) (24.6) Other 18.8 19.8 24.6 (5.0) (19.6) 5. Other GCC Countries 3,191.4 3,625.4 3,331.6 (12.0) 8.8 Bahrain 454.0 529.5 470.8 (14.3) 12.5 Kuwait 813.1 935.5 861.6 (13.1) 8.6…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( August 11, 2023) Currency Symbol Buying Selling Australian Dollar AUD 198.5 200.5 Bahrain Dinar BHD 764.53 772.53 Canadian Dollar CAD 222.8 225 China Yuan CNY 39.84 40.24 Danish Krone DKK 42.5 42.9 Euro EUR 322.5 325 Hong Kong Dollar…

Saudi Arabia stocks higher at close of trade Saudi Arabia stocks were higher after the close on Thursday, as gains in the Agriculture & Food, Petrochemicals and Energy & Utilities sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share added 1.22 percent. Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 158 to 102 and 24 ended unchanged. Crude oil for September delivery was down 0.69 percent or 0.58 to $83.82 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.41 percent or 0.36 to hit $87.19 a…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD JCI Jakarta [+] 08/10/2023 6,893.28 0.26% 0.59% 2.41% -2.72% 0.62% TA-35 [+] 08/10/2023 1,888.36 0.06% 1.32% 7.74% -6.70% 5.09% ASE Amman [+] 08/10/2023 2,443.02 0.17% 0.00% 0.14% -5.21% -2.34% KASE [+] 08/11/2023 3,792.65 -0.15% 2.11% 4.86% 25.62% 16.64% KSW Kuwait [+] 08/10/2023 7,860.65 -0.70% -1.03% -2.14% -8.32% -3.14% KSE Kyrgyz [+] 08/10/2023 2,969.84 0.02% 0.03% 7.72% 76.27% 28.42% LSX Index [+] 08/10/2023 1,030.39 -1.36% 0.44% 0.93% 76.24% 43.65% OMX Riga [+] 12/30/2023 1,152.80 -14.80% -14.80% -14.80% -0.10% -0.10% OMX Vilnius [+] 12/30/2023 947.14 -1.91% -1.91%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] July 2023 3.2% 3.0% United Kingdom [+] June 2023 8.0% 3.4% Germany [+] July 2023 6.2% 3.5% France [+] July 2023 4.3% 3.1% Bolivia [+] July 2023 2.7% 1.2% Brazil [+] June 2023 3.0% 2.7% Belarus [+] January 2022 10.4% 1.5% Belize [+] June 2023 3.3% 1.2% Canada [+] June 2023 2.8% 2.7% Switzerland [+] July 2023 1.6% 1.7% Chile [+] July 2023 6.5% 2.5% China [+] July 2023 -0.3% 0.5% Colombia [+] June 2023 12.1% 6.2% India [+] June 2023 5.6% 3.1% Mongolia [+] June 2023 10.6%…

Deflation: why falling prices in China raise concerns China’s economy has slipped into deflation as consumer prices declined in July for the first time in more than two years. The official consumer price index, a measure of inflation, fell by 0.3 percent last month from a year earlier. Analysts said this increases pressure on the government to revive demand in the world’s second largest economy. This follows weak import and export data, which raised questions about the pace of China’s post-pandemic recovery. The country is also tackling ballooning local government debt and challenges in the housing market. Youth unemployment, which…

Cargill kickstarts maritime decarbonization with biofuels, methanol US-based agricultural trader Cargill has ramped up a bio-bunkering program for its own shipping fleet and other shipowners as part of initial decarbonization efforts amid the industry switch to a multi-fuel, low-emission future, its top maritime executive said. Some major trading houses, such as Cargill and Trafigura, have been seeking to reduce supply-chain greenhouse gas emissions in recent years via introducing alternative fuels to their bunker usage and sales. In a recent interview with S&P Global Commodity Insights, Cargill Ocean Transportation President Jan Dieleman said the company has taken pragmatic and real steps…

OPEC+ Crude production at lowest since August 2021 OPEC+ cut its crude oil production to a near two-year low in July as a major voluntary cut by Saudi Arabia took effect, according to a Platts survey by S&P Global Commodity Insights. The latest Saudi cut as well as disruptions in Kazakhstan and Nigeria more than offset gains in Iran and Iraq, contributing to an almost 1 million b/d fall in OPEC+ output month on month. OPEC’s 13 members pumped 27.34 million b/d, while Russia and eight other allies added 13.06 million b/d, for a total of 40.40 million b/d, the…

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…

The global Islamic finance industry according to S&P Global Ratings is expected to grow by around 10 percent in 2023-24 despite the economic slowdown, after posting a similar expansion in 2022 mainly led by the GCC countries. Experts analyzed that the sector continued to enlarge in 2022, with assets up by 9.4 percent compared with 12.2 percent in 2021, supported by growth in banking assets and the Sukuk industry. GCC countries, mostly Saudi Arabia and Kuwait, spurred 92 percent of the growth in Islamic banking assets the previous year. In Saudi Arabia, the biggest Arab economy, the implementation of its…

According to the Economic Survey of Pakistan FY2022, the Broad Money (M2) witnessed a rise of Rs 1,193.7 billion during March FY2023 as against Rs 698.4 billion during the corresponding period of the previous year. The Net Foreign Assets (NFA) within M2, of the banking system fell by Rs 2060.6 billion as against a decline of Rs 1197.7 billion last year. NFA’s point contribution declined to 7.4 percent as against to pessimistic contribution of 4.9 percent during the corresponding period of the previous year. This shows deteriorated external sector position and depleting FX reserves. The Net Domestic Assets (NDA) on…

Deposit Distributed By Category Of Deposit Holders* (Rs Mn) Description Apr-23 May-23 Jun-23 1. Non Resident Deposits 712,267 721,982 737,622 1) Official 120,721 124,411 120,785 2) Business 160,682 148,098 163,295 3) Personal 430,864 449,473 453,541 2. Resident Deposits 22,008,980 22,890,204 23,946,019 I. Government (Including govt. trusts, NGOs, and Corporate bodies) 3,467,339 3,504,325 3,583,279 A. Federal Government 2,201,241 2,240,146 2,240,669 B. Provincial Governments 1,266,098 1,264,179 1,342,610 II. Non-Financial Public Sector Enterprises (NFPSE) 1,318,350 1,340,268 1,422,531 III. Non-Bank Financial Institutions (NBFIs) 703,174 745,942 905,899 IV. Private Sector (Business) 5,029,901 5,267,500 5,530,758 A. Agriculture, forestry and fishing 183,375 196,353 196,128 B. Mining and…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (July 21, 2023) Currency Symbol Buying Selling Australian Dollar AUD 198.5 201 Bahrain Dinar BHD 747.45 755.45 Canadian Dollar CAD 221.5 224.5 China Yuan CNY 39.13 39.53 Danish Krone DKK 42.34 42.74 Euro EUR 323 326 Hong Kong Dollar HKD…

Saudi Arabia stocks higher Saudi Arabia stocks were higher after the close on Thursday, as gains in the Real Estate Development, Energy & Utilities and Telecoms & IT sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share gained 0.03 percent. Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 163 to 101 and 13 ended unchanged. Shares in Al ELM Information Security Company CJSC rose to all time highs; gaining 5.27 percent or 34.60 to 691.00. Shares in Arabian Contracting Services Company CJSC rose to all time highs; gaining 3.07 percent or…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD PX [+] 07/19/2023 1,324.80 0.54% 1.06% -0.10% 6.15% 10.24% OMXC20 [+] 07/20/2023 2,057.89 1.97% 2.57% 1.25% 18.33% 12.13% EGX30 [+] 07/19/2023 17,578.67 -0.17% 1.36% -2.28% 94.59% 20.41% OMX Tallinn [+] 12/30/2023 1,766.73 -6.12% -6.12% -6.12% 0.41% 0.41% OMX25 [+] 07/20/2023 4,405.25 -0.32% 0.03% -2.69% -5.41% -8.71% JCI Jakarta [+] 07/20/2023 6,864.19 0.50% -0.08% 3.06% -0.15% 0.20% TA-35 [+] 07/20/2023 1,884.31 -0.89% 4.78% 4.01% -0.93% 4.86% ASE Amman [+] 07/20/2023 2,484.47 0.36% 1.20% 1.25% -3.95% -0.68% KASE [+] 07/21/2023 3,670.27 0.01% 1.42% 3.81% 33.28% 12.87% KSW…