CPI Countries Countries Date CPI Interannual Accum. since January Nigeria [+] April 2023 22.2% 7.6% Nicaragua [+] April 2023 9.5% 2.1% Netherlands [+] April 2023 5.2% 0.9% Norway [+] April 2023 6.4% 2.5% New Zealand [+] March 2023 6.7% 1.3% Panama [+] April 2023 1.0% 1.4% Peru [+] September 2022 8.8% 6.9% Philippines [+] April 2023 6.6% 1.3% Pakistan [+] December 2023 0% 0% Poland [+] April 2023 15.3% 5.7% State of Palestine [+] December 2018 0.3% 0.3% Paraguay [+] April 2023 5.3% 2.5% Romania [+] April 2023 11.2% 3.1% Russia [+] March 2022 16.7% 10.0% Saudi Arabia [+] April…
Author: S. Kamal Hayder Kazmi
China’s 11.6m graduates face a jobs market with no jobs With a master’s degree in applied linguistics from one of Australia’s top universities, Ingrid Xie did not expect to end up working in a grocery store. But that was where she ended up after graduating from the University of Queensland in July last year. Xie did her undergraduate degree in China, studying English in the shade of palm trees at Hainan Tropical Ocean University. She went abroad for her master’s because she thought that would help her find a better job. But after working at a Korean supermarket in Brisbane…
Tankers: is LNG the new oil? LNG shipping rates are headed for higher ground over the summer, as LNG demand is expected to keep growing. In its latest weekly report, shipbroker said that “due to sluggish demand and massive inventories, spot LNG prices in Asia plummeted to a two-year low, while prices in Europe also declined below the $10 mark against a backdrop of healthy inventories, which are hovering above the 5-year average, and subdued demand for more supplies. According to the IEA’s latest quarterly gas market report, the firm outlook for the remaining of the year will not eliminated…
Rice assistance payment rolls out More than a year ago, members of the rice community began working with Sen. John Boozman, ranking member of the U.S. Senate Committee on Agriculture, and his staff for an assistance program to alleviate skyrocketing fertilizer, fuel, and input costs. Now this funding has finally come to fruition with a $250 million Rice Production Program which was included in the Consolidated Appropriations Act that passed last winter. Kelly Robbins, executive director at Arkansas Rice, said, “We are extremely thankful for Senator Boozman and his staff who were instrumental in making this a reality. We are…
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 in cludes testing the company’s assumptions about its environment—society and its structure, the market, the customer, and technology. And informa- tion 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…
According to the Government of Pakistan, oil is becoming the most significant indicator of economic growth when demand is inelastic. No country can develop without oil. This is especially true for countries that do not have their own oil wells. These countries need to import oil and because of rising oil prices, these countries are facing various shock dummies. As per international oil experts, overall, world oil demand is set to average 102 mb/d in 2023, 1.3 mb/d more than in 2019. Global oil demand is set to rise by 1.9 mb/d in 2023, to a record 101.7 mb/d, with…
Experts revealed that in any country, the transport sector is of vital significance to its development and affects all sectors through economic linkages. It ensures safe and timely travel encourages business actions and cuts down transportation costs while granting producers access to markets for their goods. It is said that a dependable transportation sector also offers swift access to the labor force and hence produces career opportunities. Enhancements in transportation benefit industry, agriculture, and other services sectors also enhancing the standard of living of the general public, it is therefore, crucial that equipment be made to develop and sustain an…
PIAC Performance Indicators Units 2018 2019 2020 2021 PIAC Fleet No. of Planes 32 32 30 30 Route Km 332,303 389,725 778,609 374,054 Available Seat Million Km 18,081 18,372 8,902 7,682 Passenger Load Factor Percent 77.3 81.3 74.5 66.9 Revenue Flown 000 Km 70,089 70,515 38,114 34,544 Revenue Hours Flown Hours 110,050 110,640 58,519 55,710 Revenue Passengers Carried 000 nos. 5,203 5,290 2,541 2,657 Revenue Passengers Million Km 13,975 14,938 6,629 5,138 Revenue Load Factor Percent 58.4 58.6 51.3 53.7 Operating Revenue * Rs million 100,051 146,097 94,683 86,185 Operating Expenses * Rs million 170,447 160,037 102,912 101,212 Pc-I Processed…
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 (May 19, 2023) Currency Symbol Buying Selling Australian Dollar AUD 192.5 194.5 Bahrain Dinar BHD 777.88 785.88 Canadian Dollar CAD 214 216.2 China Yuan CNY 42.07 42.47 Danish Krone DKK 42.7 43.1 Euro EUR 318 321 Hong Kong Dollar HKD…
German shares near record levels European stocks rose on Friday, pushing the German DAX towards record highs as signs of progress in U.S. debt ceiling negotiations encouraged investors to pile into riskier assets. The pan-European STOXX 600 index rose 0.6 percent, set to end the week with modest gains. Sectors sensitive to the health of the economy such as financial services, miners and construction and materials were the top gainers in Europe. The German DAX rose 0.6 percent after closing at its strongest level of 2023 on Thursday. The index is trading less than 40 points below its all-time high…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD OMX25 [+] 05/17/2023 4,631.66 -0.33% -1.34% -3.87% -4.07% -4.02% GSE Ghana [+] 05/17/2023 2,563.65 -5.84% -5.79% -3.79% -0.92% 4.90% HANG SENG [+] 12/30/2023 19,781.41 0.27% 0.27% 0.27% 0 0 BUX [+] 12/30/2023 43,793.76 -4.50% -4.50% -4.50% 0 0 ICEX [+] 05/17/2023 2,027.16 0.58% -1.20% -5.33% -14.94% -7.83% NIFTY [+] 05/18/2023 18,129.95 -0.28% -1.01% 2.66% 11.64% 0.14% JCI Jakarta [+] 05/17/2023 6,663.11 -0.20% -0.67% -1.83% 0.28% -2.74% TA-35 [+] 05/18/2023 1,825.50 -0.02% 1.27% 5.00% -4.89% 1.59% ASE Amman [+] 05/18/2023 2,490.19 -0.18% 0.34% 1.29% 2.21% -0.46%…
CPI Countries Countries Date CPI Interannual Accum. since January Bolivia [+] April 2023 2.7% 0% Brazil [+] April 2023 3.8% 2.4% Belarus [+] January 2022 10.4% 1.5% Belize [+] March 2023 6.1% 1.4% Canada [+] April 2023 4.4% 2.2% Switzerland [+] April 2023 2.6% 1.5% Chile [+] April 2023 9.9% 2.2% China [+] April 2023 0.1% 1.0% Colombia [+] April 2023 12.8% 5.4% Costa Rica [+] September 2022 10.4% 8.4% Czechia [+] April 2023 12.7% 6.6% Denmark [+] April 2023 5.3% 1.5% Dominican Republic [+] April 2023 5.2% 1.2% Ecuador [+] April 2023 2.4% 0.4% Estonia [+] April 2023 13.5%…
China’s economic data misses expectations as economy continues to show uneven recovery China’s economic data for April broadly missed expectations as the economy continued to show an uneven path of recovery from the impact of its stringent Covid restrictions. Industrial production for April rose by 5.6 percent year-on-year, compared to the 10.9 percent expected by economists surveyed in a Reuters poll. The figure was up 3.9 percent in March following a muted start to the year. Retail sales rose by 18.4 percent – lower than economists’ forecast a surge of 21 percent. Fixed asset investment rose by 4.7 percent, against…
Synthetic fuels could be the answer to shipping’s net-zero goals, but don’t count on them yet Shipping accounts for 90 percent of goods transported around the world, and it’s also the most energy-efficient mode of international freight transport. But it’s also a major source of global greenhouse gas emissions. Greener alternatives are often viewed as prohibitively expensive in a highly competitive market. And change is often desperately slow. Today, international shipping accounts for 681 million tons of CO2 every year. While the sector is improving in terms of energy efficiency, emissions are likely to stay at about 600 megatons as…
The real reason big oil is refusing to boost production Over the last couple of weeks, a stand-off has been developing between President Joe Biden and shale oil and gas producers in West Texas. As soaring gas prices add pressure to cash-strapped United States residents already feeling the pressure of inflation, the economic strain is reflecting poorly on the Biden administration, which is scrambling to get someone, anyone — be it OPEC or producers in the Permian Basin — to open the taps and ease supply shortages. So far, however, Big Oil isn’t budging. There is a lot of speculation…
Steve Jobs hardly needs any introduction. He was more than just the co-founder of Apple Computer and the brains behind the reinvention of companies like Pixar Animation Studios. Jobs’ creative genius pioneered the transformation of the computer industry and introduced revolutionary products such as the iMac. But like most heroes, his journey is not without adversities and downfalls. Every rise and fall was an opportunity for Jobs to turn things around and move the industry towards bigger opportunities. Jobs’ real venture in the tech industry began in 1976 when he started Apple Computer with Steve Wozniak. Unfortunately, Jobs’ product was…
Pakistan is currently facing several challenges and one of the major is economic unrest that is significantly impacting the lives of its citizens. Pakistan’s experts record that the economic unrest has had a profound impact on consumer spending. As we know Consumer confidence is an important factor affecting the demand for consumer goods. Regardless of their present financial condition, consumers are more probable to purchase greater amounts of consumer goods when they feel confident about both the overall condition of the economy and their personal financial future. High levels of consumer confidence can mainly affect consumers’ inclination to make main…
Pakistan has gone down by seven slots in the Human Development Index (HDI) ranking for 2021-2022, as per the last UN Human Development Report. Pakistan’s HDI in 202 had already declined by two notches, placing it in the low human development category, because of its inadequate health, income and education indicators. Pakistan presently ranks 161 out of 192 states. The report also identified that over 66 years life expectancy at birth our country is a little. The average Pakistan receives only 8 years of schooling, and the gross per capita national income is just over $4,600. Statistics also showed that…
Credit/Loans Classified By Borrowers (Million Rupees)* Description Feb-2022 Jun-2022 Feb-2023 1. Credit to Government Sector 16,546,599 19,822,162 21,731,365 2. Credit to Non Government Sector (A+B) 9,688,953 10,292,253 11,237,908 A. SBP Credit to Non Govt. Sector 30,288 34,306 51,360 B. Scheduled Banks Credit to Non Govt. Sector (I+II+III) 9,658,665 10,257,948 11,186,548 I. Credit to PSEs 1,707,660 1,707,240 2,013,257 II. Credit to NBFIs 220,661 282,451 579,420 III. Credit to Private Sector (A+B) 7,730,344 8,268,256 8,593,871 A. Investment in Securities & Shares of Private Sector 196,827 198,547 174,676 B. Loans to Private Sector (1-4) 7,533,517 8,069,708 8,419,196 1. Private Sector (Business) 6,486,286 6,927,897…
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 (May 05, 2023) Currency Symbol Buying Selling Australian Dollar AUD 188.55 190.55 Bahrain Dinar BHD 754.59 762.59 Canadian Dollar CAD 212.05 214.25 China Yuan CNY 41.04 41.44 Danish Krone DKK 41.86 42.26 Euro EUR 313.1 316.1 Hong Kong Dollar HKD…
Sensex, Nifty end deep in the red dragged by losses in HDFC twins, Indusind bank Financial and IT stocks dragged India’s benchmark indices lower on Friday. At the end of the session on Friday, Sensex tumbled 694.96 points to settle at 61,054.29, while the Nifty fell 186.80 points to 18,069. Market capitalisation of all listed companies on BSE fell 1.43 lakh crore to 273.77 lakh crore. Globally, stocks hovered in a tight range on Friday, still on course for a weekly loss, as investors balanced bets of central banks pausing rate increases with the latest rout in shares of U.S.…
Stock Market Indexes Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSE TOP-20 [+] 05/04/2023 38,021.18 -0.77% 0.65% 3.19% 3.42% 1.21% MONEX20 [+] 05/04/2023 14,589.75 -0.21% 0.10% -0.92% 39.92% 3.17% MASI [+] 05/04/2023 10,408.41 -0.02% -1.11% -0.61% -20.81% -2.91% MYANPIX [+] 05/04/2023 356.08 1.06% -1.89% -2.04% 0.31% -10.22% NSX Namibia [+] 12/30/2023 1,631.10 4.82% 4.82% 4.82% 0 0 AEX [+] 05/04/2023 741.22 -0.41% -2.28% -2.26% 6.09% 7.58% NZX 50 [+] 12/29/2023 11,473.24 -4.14% -4.14% -4.14% -0.99% 0 MBI10 [+] 05/04/2023 6,050.66 -0.57% 1.21% 3.25% -3.35% 7.05% OSEBX [+] 05/04/2023 1,189.72 -1.14% -2.99% -0.97% -4.09% 0.06% MSM30 [+]…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] March 2023 5.0% 1.7% United Kingdom [+] February 2023 10.4% 0.6% Germany [+] February 2023 2.4% -4.5% France [+] March 2023 5.6% 2.2% Japan [+] February 2023 3.3% -0.1% Spain [+] March 2023 3.3% 1.1% Italy [+] March 2023 7.7% -0.1% Portugal [+] March 2023 7.4% 1.1% Greece [+] March 2023 4.6% 1.1% Ireland [+] March 2023 7.7% 1.9% Armenia [+] February 2023 8.1% 1.5% Angola [+] March 2023 10.8% 2.6% Brazil [+] March 2023 4.4% 1.9% Belarus [+] January 2022 10.4% 1.5% Belize [+] February 2023 6.5%…
Thai economy slows in March, but seen improving in future – C.bank Thailand’s economy slowed down in March compared with the previous month, as exports declined but the service sector continued to improve, driven by higher foreign tourist numbers, the central bank said on Friday. Economic activity is expected to have improved in April and exports should gradually get better along with a recovery in the economies of trading partners, the Bank of Thailand (BOT) said in a statement. In the first quarter, the economy continued to improve from the previous period, mainly due to the tourism sector which bolstered…
Realities of a multi-fuel future Decarbonising the shipping industry is a complex challenge, yet a wholesale switch to green fuels would go a long way towards meeting net zero ambitions. However, that switch is being hampered by a lack of demand-side signals for greener shipping from policy makers, suppliers of goods, and consumers, making it difficult for the industry to move forward with confidence. Additionally, apprehensions about the use of greener fuels – including the potential for health, safety, and environmental concerns, higher costs, lower energy density, and limited availability at ports of call – are compounding demand-side challenges, according…
Global rice production falls, affecting food security According to the Food and Agriculture Organisation of the United Nations (FAO), world rice production for the 2022-2023 season is forecast at 516 million tonnes, 1.6 percent below the previous year’s output. This is the lowest global production since the 2019-2020 season. FAO has forecast world cereal stocks at the end of the 2023 seasons to decline by 1.2 percent from their initial levels to 844 million tonnes, due to a projected reduction in global stocks of coarse grains and rice, offsetting an increase in wheat stocks. While production is forecast to increase…
The Entrepreneurial Mindset Sergey Brin is a computer scientist and entrepreneur. He met Larry Page at Stanford University, and the two created a search engine that would sort web pages based on popularity. Google became the most popular search engine in the world after launching in 1998, its overwhelming success turning the co-founders into billionaires. Brin and Page later became president and CEO of Google’s parent company, Alphabet, before they stepped down from their roles in December 2019. Sergey Mikhaylovich Brin was born on August 21, 1973, in Moscow, Russia. The son of a Soviet mathematician economist, Brin and his…
For the development and growth of Islamic finance, the government of Pakistan is one of the frontline countries playing an active and effective role. In the country the State Bank of Pakistan (SBP) established a dedicated Islamic banking department and Shariah board to approve and monitor the principles for Islamic banks. International studies recorded that the significance of banking system in the economic growth of a country can be done by productive investment in country. It is said that Islamic banking assists in overcoming short falling and gives an optimistic boost to economy to upward and increase a society to…
The World Food Program (WFP) estimates that 349 million people across 79 states were acutely food insecure in 2022 and greater than 140 million required assistance, and that number is not expected to change much in 2023. Asia and Africa are home to the highest number of undernourished people. Under the holy month of Ramazan millions of Muslims in the world are feeling the pinch of inflation. During Ramazan, will higher food and drink costs force households to cut back on traditional commodities counting dates, cakes, biscuits and sugary juices, or to substitute them with cheaper alternatives? How is the…
Mode Wise Financing (Share in %) Mode Sep-21 Jun-22 Sep-22 Murabaha 15.9 15.6 15.7 Ijarah 4.8 4.7 4.6 Musharaka 22.0 22.9 22.9 Diminishing Musharakah 35.1 33.9 35.2 Salam 1.7 2.1 1.4 Istisna 6.9 8.0 8.4 Others 13.6 12.8 11.8 Total 100 100 100 Islamic Finance: Profitability Ratios (%) Particulars Sep-21 Jun-22 Sep-22 Overall Banking Industry Profit before tax (PKR billion) 66.4 73.4 124.5 487.0 ROA before tax 1.9 2.4 2.6 2.0 ROE before tax 31.3 42.6 46.4 33.0 Operating Expense to Gross Income 50.7 46.4 44.0 49.7 Islamic Finance : Liquidity Ratios (%) Ratios Sep-21 Jun-22 Sep-22 Overall Banking Industry…
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 (April 14, 2023) Currency Symbol Buying Selling Australian Dollar AUD 190 192 Bahrain Dinar BHD 761.94 769.94 Canadian Dollar CAD 213 215 China Yuan CNY 41.57 41.97 Danish Krone DKK 41.67 42.07 Euro EUR 312 315 Hong Kong Dollar HKD…
Paris CAC 40 stocks index hits record above 7,500 The Paris CAC 40 stocks index of leading French companies hit a record high above 7,500 points at the start of trading Friday, extending its recent rally to all-time highs. After briefly breaching the landmark, the CAC eased back to 7,495.29 points, still a gain of 0.2 percent compared with Thursday’s close. Frankfurt and London also rose at the open. Paris has won strength in recent sessions on easing inflation and recession concerns — and thanks to some strong earnings, including Thursday from luxury group LVMH. London’s benchmark FTSE 100 index…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD TA-35 [+] 04/13/2023 1,740.01 -0.02% 0.02% 0.17% -14.13% -3.17% ASE Amman [+] 04/13/2023 2,469.81 -0.35% -0.66% -7.05% 4.72% -1.27% KASE [+] 12/30/2023 3,251.64 -6.06% -6.06% -6.06% 0 0 KSW Kuwait [+] 04/12/2023 7,763.54 1.54% 1.60% -3.91% -15.01% -4.34% OMX Riga [+] 12/30/2023 1,152.80 -0.67% -0.67% -0.67% -0.10% -0.10% MONEX20 [+] 04/13/2023 14,887.72 -0.82% 1.40% 1.12% 50.57% 5.28% MASI [+] 04/13/2023 10,462.33 -0.30% 0.01% -0.99% -19.35% -2.41% NSX Namibia [+] 12/30/2023 1,631.10 0.10% 0.10% 0.10% 0 0 AEX [+] 04/13/2023 760.57 0.14% 0.10% 4.58% 5.92% 10.39%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] March 2023 5.0% 1.7% United Kingdom [+] February 2023 10.4% 0.6% Germany [+] February 2023 2.4% -4.5% France [+] March 2023 5.6% 2.2% Japan [+] February 2023 3.3% -0.1% Spain [+] March 2023 3.3% 1.1% Italy [+] March 2023 7.7% -0.1% Portugal [+] March 2023 7.4% 1.1% Greece [+] March 2023 4.6% 1.1% Ireland [+] March 2023 7.7% 1.9% Armenia [+] February 2023 8.1% 1.5% Angola [+] March 2023 10.8% 2.6% Brazil [+] March 2023 4.4% 1.9% Belarus [+] January 2022 10.4% 1.5% Belize [+] February 2023 6.5%…
China’s exports surge as economy rebounds from ‘zero covid’ China’s exports surged in March as the world’s second-largest economy continued to rebound from Beijing’s harsh “zero-COVID” pandemic policies. Total exports soared 14.8 percent year on year, customs data showed on Thursday, the first rise in six months and a sharp rise from March last year, when lockdowns crippled the economy. Imports fell a smaller-than-expected 1.4 percent. he trade figures soundly beat the expectations of economists, many of whom had predicted further declines in exports. Analysts polled by the Reuters news agency had expected exports to fall 7 percent, after falling…
Green shipping: a $1.9tn investment opportunity? Shipping is the most carbon efficient means of transportation (on a CO2 per ton-km basis – see figure 1 below). However, global shipping still accounts for 1 billion tons of CO2 per year, which is ca.3 percent of annual global GHG emissions. Unsurprisingly, the largest source of carbon emissions comes from fuel combustion for propulsion. Fossil fuels (HFO, MGO, VLSFO and LNG1) currently provide 99 percent of sector’s final energy demand and all have issues from contributing to CO2 emissions, black carbon and methane leakage. International shipping provides 80–90 percent of global trade and…
William Henry Gates William Henry Gates is an American entrepreneur, programmer, investor and philanthropist. Bill Gates was born on October 28, 1955 in Seattle in a family having rich business, political and community service background. His great-grandfather was a state legislator and a mayor, his grandfather was vice president of national bank and his father was a lawyer. Your most unhappy customers are your greatest source of learning. Bill Gates Success is a lousy teacher. It seduces smart people into thinking they can’t lose. Bill Gates Life is not fair; get used to it. Bill Gates It’s fine to celebrate…
According to the researchers Pakistan has strong traditions of volunteering and giving, deeply rooted in the Islamic faith of its people. Charity is a central tenet of Islam, which lays great emphasis on supporting the needy and poor. Although philanthropy is preached and encouraged in other religions also, Islam makes it obligatory in the form of Zakat—one of the five pillars of the faith. The beneficiaries of Zakat are mentioned in the Quran – the poor, the needy, those employed to administer it, those hearts are made to incline (to truth), (to free) the captives, those in debt, and in…
The poverty rate in Pakistan was registered at 61.6 percent in 1998 which has reduced to 21.5 percent by 2018, according to HIES surveys. But on the other hand, it is a fact that 77.60 percent of Pakistan’s population lives in poor conditions (less than $5.50 per day income). Cycle of poverty before starting to think about poverty reduction, it is important to understand. Simply, if there is a poor family then because of poverty their children will grow up in poverty and such poor children have little or no access to education and skills. As a consequence, they would…
International experts identified that Corporate Social Responsibility (CSR) must not be explained through tax planning policy alone but should be explained within the framework of corporate philosophy, which determinants the needs of the community and the regions in which a corporate entity functions. Over the world No doubt, CSR is a leading business management concern. In Pakistan CSR, regular multinational firm engagement is an early stage. Domestic firms because of resource constraints, political alter, cultural tradition, crisis effects, and lack of competition are not paying the required attention. Sources recorded that the banking industry plays a tremendous role in financial…
Diversity Of Disbursed Loans (July-March FY 2022) Details Value in % Services 13.0 Manufacturing/Light Engineering/Workshop 8.0 Agriculture/Cropping 8.3 Embroidery/stitching/handicraft 16.3 Livestock/poultry/fish farming 20.3 Commodity/petty trading 34.1 GINI Co-Efficient Adjusted By HH Weigths Years Pakistan Urban Rural 2005-06 0.330 0.376 0.265 2007-08 0.314 0.354 0.264 2010-11 0.296 0.334 0.253 2011-12 0.307 0.351 0.250 2013-14 0.299 0.323 0.259 2015-16 0.326 0.356 0.266 2018-19 0.303 0.328 0.248 Source: Ministry of Planning, Development & Special Initiatives Pakistan: National Poverty Line And Headcount Year Poverty Line National Urban Rural 2011-12 2600.15 36.3 22.8 43.1 2013-14 3030.32 29.5 18.2 35.6 2015-16 3250.28 24.3 12.5 30.7 2018-19…
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 ( April 06, 2023) Currency Symbol Buying Selling Australian Dollar AUD 193 195 Bahrain Dinar BHD 764.95 772.95 Canadian Dollar CAD 212.5 214.5 China Yuan CNY 41.8 42.2 Danish Krone DKK 42.29 42.69 Euro EUR 314.5 317.5 Hong Kong Dollar…
London’s FTSE-100 climbs ahead of easter break -World Stocks Markets Review UK’s blue-chip index rose in early deals on Thursday, lifted by commodity-linked stock, though most European markets were range-bound as worries of a possible recession in the US caused an overhang ahead of the Easter break. The FTSE 100 rose 0.4 percent by 0707 GMT, while the midcap FTSE 250 index slipped 0.1 percent and the continent-wide STOXX 600 climbed 0.3 percent. Shell rose 1.7 percent as the energy giant forecast higher liquefied natural gas (LNG) output in the first quarter. Robert Walters Plc fell 4.1 percent after the…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NSX Namibia [+] 12/30/2023 1,631.10 2.35% 2.35% 2.35% 0 0 AEX [+] 04/05/2023 755.76 -0.34% -0.06% -0.63% 2.68% 9.69% NZX 50 [+] 12/29/2023 11,473.24 -3.34% -3.34% -3.34% -0.99% 0 MBI10 [+] 04/06/2023 5,844.74 0 0.02% -0.54% -6.07% 3.40% OSEBX [+] 04/05/2023 1,195.23 -0.51% 0.14% -4.83% -5.59% 0.52% MSM30 [+] 04/04/2023 4,785.65 -0.55% -0.55% -0.73% 15.91% -1.48% KSE100 [+] 04/05/2023 39,717.15 0.08% -0.71% -3.92% -9.59% -1.74% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 04/05/2023 21,915.78 -0.35% 0.08% -1.47% -12.19% 2.74% PSEi…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] February 2023 6.0% 1.4% United Kingdom [+] February 2023 10.4% 0.6% Germany [+] February 2023 2.4% -4.5% France [+] February 2023 6.2% 1.3% Japan [+] February 2023 3.3% -0.1% Spain [+] February 2023 6.0% 0.7% Hungary [+] February 2023 25.4% 3.2% Luxembourg [+] February 2023 4.3% 1.3% Latvia [+] February 2023 20.3% 1.1% Morocco [+] February 2023 10.1% 2.2% Moldova [+] February 2023 25.9% 1.4% Mauritania [+] November 2022 12.2% 8.5% Maldives [+] December 2022 1.4% 1.4% Mexico [+] February 2023 7.6% 1.2% Nigeria [+] February 2023 21.9%…
Malaysia’s economic growth predicted to slow down in 2023 The Asian Development Bank (ADB) has projected Malaysia’s economy to grow at 4.7 percent in 2023, and 4.9 percent in 2024. The ADB said in its latest Asian Development Outlook report released on April 4 that Malaysia’s growth exceeded expectations in 2022, buoyed by strong domestic consumption and a rebound in services, as borders reopened and economic activity normalised. The bank said inflation remained broadly muted, dampened by government subsidies and price controls, adding that a less accommodative monetary stance was adopted in response to higher global interest rates. Growth is…
Record cuts in container shipping costs in 2023 As many shippers/BCOs conclude their annual tender negotiations for new transpacific contracts commencing 1 May, it is becoming clear that contracts rates this year in the transpacific and Asia-Europe will give exporters and importers a cut in shipping cost of 55 percent to 85 percent in most cases, when compared with 2022 costs. This is not a printing error – as shippers (and Drewry bid experts) involved in large ocean bids know. This is the largest year-on-year reduction in shipping costs for at least 7 years Detailed data on the reductions by…
Amid changing climate, Bangladesh farming groups conserve indigenous rice seeds Bangladesh, the fourth biggest rice-producing country in the world, produces around 39 million tons of rice annually to feed its 170 million people, with 130 lab-developed high-yielding varieties. For higher production, farmers have turned to a few high-yielding varieties, despite having around 1,000 indigenous varieties that have better adaptive quality amid changing climatic patterns; the trend has forced many traditional varieties to go extinct. By cultivating indigenous rice varieties, some farmers are fighting back against monoculture, and a few nongovernmental conservation organizations, as well as individuals, are creating awareness about…
A Social Ecologist For me the tension between the need for continuity and the need for innovation and change was central to society and civilization. I consider myself a “social ecologist,” concerned with man’s man-made environment the way the natural ecologist studies the biological environment. The term “social ecology” is my own coinage. But the discipline itself boasts and old and distinguished lineage. Its greatest document is Alexis de Tocqueville’s Democracy in America. But no one is as close to me in temperament, concepts, and approach as the mid-Victorian Englishman Walter Bagehot. Living (as I have) in an age of…
For changing the existing state of a nation into a distinguished position in the community of nations, education is one of the major factors; it is recorded by the Government of Pakistan in its annual survey. Furthermore, so far the educational advancements which have taken place and the expertise which has been attained in due course of time are not only benefiting our country but also the surrounding regions. It becomes in our country, even more, indispensable for its socioeconomic development through the effective transition of its vast proportion of the population such as youth. Transformation of 63 percent of…
Economic growth is the only suitable means of enhancing the living standard of people while foreign exchange can be utilized as productive capital to enhance economic activities not only to help earn foreign exchange but also to help attain higher development of the economy, according to experts. There has been a strong unidirectional causality from foreign aid to Gross Domestic Product (GDP). This assists to conclude that foreign aid has a significant contribution to economic growth. Liquid Foreign Exchange Reserves In Pakistan (Million US$) Period Net Reserves With SBP Net Reserves With Banks Total Liquid FX Reserves 07-Jan-2022 17,597.9 6,303.5…
Pakistan: National Poverty Line And Headcount Year Poverty Line National Urban Rural 2005-06 1277.74 50.4 36.6 57.4 2007-08 1543.51 44.1 32.7 49.7 2010-11 2333.35 36.8 26.2 42.1 2011-12 2600.15 36.3 22.8 43.1 2013-14 3030.32 29.5 18.2 35.6 2015-16 3250.28 24.3 12.5 30.7 2018-19 3757.85 21.9 11.0 28.2 Source: Ministry of Planning, Development & Special Initiatives Labour Force And Employment In Pakistan (million) Details 2017-18 2018-19 2020-21 Labour Force 65.5 68.75 71.76 Employed Labour Force 61.71 64.03 67.25 Unemployed 3.79 4.71 4.51 Unemployment rate (%) 5.8 6.9 6.3 Source: – Pakistan Bureau of Statistics Province/Region Wise Interest Free Loan (IFL) Progress…
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 (March 22, 2023) Currency Symbol Buying Selling Australian Dollar AUD 187 189.4 Bahrain Dinar BHD 749.55 757.55 Canadian Dollar CAD 205 207.2 China Yuan CNY 40.91 41.31 Danish Krone DKK 40.77 41.17 Euro EUR 302.5 305.5 Hong Kong Dollar HKD…
Japan stocks higher at close of trade Japan stocks were higher after the close on Wednesday, as gains in the Chemical, Petroleum & Plastic, Transportation Equipment and Paper & Pulp sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.93 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 3160 to 496 and 172 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 17.22 percent to 22.80 a new 3-months high. Crude oil for May delivery was down 1.02 percent or 0.71 to $68.96 a barrel.…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD KASE [+] 12/30/2023 3,251.64 -0.12% -0.12% -0.12% 0 0 KSW Kuwait [+] 03/21/2023 7,827.03 0.41% -0.36% -4.82% -9.87% -3.56% OMX Riga [+] 12/30/2023 1,152.80 -2.83% -2.83% -2.83% -0.10% -0.10% OMX Vilnius [+] 12/30/2023 947.14 -5.52% -5.52% -5.52% -0.01% -0.01% LuxX [+] 03/21/2023 1,521.41 1.94% 1.59% -5.41% -15.43% 4.16% SEMDEX [+] 12/30/2023 2,055.25 4.18% 4.18% 4.18% 0 0 IPC MEXBOL [+] 12/30/2023 48,463.86 -7.96% -7.96% -7.96% 0 0 MONEX20 [+] 03/21/2023 14,595.30 -0.81% -0.90% 0.48% 49.08% 3.21% MASI [+] 03/22/2023 10,316.49 0 -0.95% -2.91% -19.53% -3.77%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] February 2023 6.0% 1.4% United Kingdom [+] February 2023 10.4% 0.6% Germany [+] February 2023 2.4% -4.5% France [+] February 2023 6.2% 1.3% Japan [+] February 2023 3.3% -0.1% Spain [+] February 2023 6.0% 0.7% Hungary [+] February 2023 25.4% 3.2% Luxembourg [+] February 2023 4.3% 1.3% Latvia [+] February 2023 20.3% 1.1% Morocco [+] February 2023 10.1% 2.2% Moldova [+] February 2023 25.9% 1.4% Mauritania [+] November 2022 12.2% 8.5% Maldives [+] December 2022 1.4% 1.4% Mexico [+] February 2023 7.6% 1.2% Nigeria [+] February 2023 21.9%…
Sri Lanka’s economy shrank by record 7.8pc last year Sri Lanka’s crisis-hit economy shrank by a record 7.8 percent last year, official data shows, as the country struggles with its worst financial crisis in seven decades. The island’s fourth-quarter gross domestic product (GDP) contracted by 12.4 percent, according to the figures released by the state-run census and statistics department on Thursday. Sri Lanka’s growth is expected to shrink by 3 percent this year, Moody’s Investors Service said on Monday but growth is expected to rebound in 2024. An unprecedented economic crisis sparked huge protests in the island nation, culminating last…
Product tankers in Asia to keep benefiting from Australian demand Product tankers and more specifically, MRs are to keep benefiting from increasing demand from Australia. In its latest weekly report, shipbroker said that “in recent years, Australia’s refining sector has undergone a profound structural shift. Refinery rationalisation and Covid-19 related demand pressure led to the closure of several struggling refineries, following a prolonged downward trend. Recognising the implications for national security, the Australian Government intervened to keep the nation’s two remaining refineries – Lytton (109 kbd) and Geelong (120 kbd) in operation until at least 2027. Still, declining refining runs…
Wheat production to remain good as temperature unlikely to impact the crop With the procurement of wheat during last season was on lower the side due to lesser production coupled with selling by farmers at prices higher than MSP in the open market consequent to the geo-political situation, the government has informed the parliament that wheat production this year may remain normal and there is little chance of it being affected by the rising temperature. Moreover, there is enough stock of wheat available in central pool to cater to the needs of the country till the time next wheat crop…
Society of Performing Organization “By their fruits ye shall know them.” Society in all developed countries has become a society of organizations in which most, if not all, social tasks are being done in and by an organization. Organizations do not exist for their own sake. They are means: each society’s organ for the discharge of one social task. The organization’s goal is a specific contribution to individual and society. The test of its performance, unlike that of a biological organism, therefore, always lies outside itself. This means that we must know what “performance” means for this or that institution.…
International experts identified that e-commerce has revolutionized the way people shop, offering customers convenience and access to products from the whole world that would otherwise not be obtainable. With its rapid growth, it is said that more firms are investing heavily in technology to make sure their businesses remain competitive and their customers have a reliable experience. Pakistan’s growing e-commerce has also been booming based on this global revolution of technology. The e-commerce sector in Pakistan has achieved significant growth over the past few years, thanks to the increasing internet and smartphone penetration. According to sources, Pakistan’s e-commerce sales are…
According to the Pakistan Bureau of Statistics (PBS), export from Pakistan during January 2023 worth Rs.525,461 million (provisional) as compared to Rs.519,817 million in December 2022 and Rs.460,856 million during January 2022 explaining a rise of 1.09 percent over December 2022 and by 14.02 percent over January 2022. In terms of US dollars the exports in January 2023 were recorded as $2,244 million (provisional) as against $2,313 million in December 2022 explaining a decline of 2.98 percent and by 14.15 percent as against $ 2,614 million in January 2022. Keeping all these and some other scenarios, expanding trade ties is…
Leading Consumer Brands In Pakistan Pepsi Coca-Cola Mountain Dew 7-Up Sprite Nestle Juice Shezan Juice Mirinda Sooper Bakeri Chocolate Chip Prince Peanut/ Pista Pik Rio Zeera Plus Gluco Mayfair Cafe Tiger TUC Marrie Dawlance LG National Sony Pel Philips Waves Haier Super Asia General Singer Nestle Milkpak Haleeb Everyday Olper’s Tarang Nido Good Milk Nurpur Nokia Samsung Blackberry LG Sony Ericsson Motorola Ufone Mobilink Telenor Warid Zong Lays Kolson Slanty Kurkure Kurleez Super Crisp Bake Parlor Cheetos Fry O Sunsilk Head & Shoulders Pantene Bio Amla Dove Lifebuoy Lux Safeguard Lifebuoy Capri Dettol Tibet Palmolive Opal Dove Lipton Tapal Brooke…
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 (March 10, 2023) Currency Symbol Buying Selling Australian Dollar AUD 182.5 184.5 Bahrain Dinar BHD 734.02 742.02 Canadian Dollar CAD 202 204.2 China Yuan CNY 39.64 40.04 Danish Krone DKK 39.6 40 Euro EUR 295 297.5 Hong Kong Dollar HKD…
Taiwan shares plunge by 1.55pc Shares in Taiwan fell sharply by more than 1.5 percent Friday as investors turned wary about the stock market outlook ahead of the release of the U.S. February job data, one of the most important factors expected to influence the Federal Reserve’s ongoing rate hike cycle, dealers said. In the wake of the heavy losses on the U.S. markets overnight, the local bellwether electronics sector came under pressure, led by large-cap semiconductor stocks, while a sell-off was also seen among old economy and financial stocks, adding more downward pressure on the local main board, dealers…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSM30 [+] 03/08/2023 4,854.67 0.70% 0.70% 1.85% 14.96% -0.06% KSE100 [+] 03/09/2023 41,585.54 0.55% 0.60% -2.07% -3.39% 2.88% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+] 03/08/2023 22,072.05 0.52% -0.77% -1.46% -10.19% 3.48% PSEi [+] 12/29/2023 6,566.39 -0.65% -0.65% -0.65% 0 0 WIG20 [+] 03/09/2023 1,835.94 -1.34% -0.32% -3.18% -6.96% 2.45% QE Qatar [+] 03/09/2023 10,736.60 -0.15% 1.08% 3.00% -21.22% 0.52% BET [+] 12/30/2023 11,663.53 -6.02% -6.02% -6.02% 0 0 MOEX [+] 03/07/2023 2,295.60 0.06% 1.03% 1.23% 11.54% 6.57% TASI [+]…
CPI Countries Countries Date CPI Interannual Accum. since January Armenia [+] January 2023 8.1% 1.4% Angola [+] January 2023 12.6% 0.8% Argentina [+] January 2023 98.8% 6.0% Austria [+] January 2023 11.2% 0.9% Switzerland [+] January 2023 3.3% 0.6% Chile [+] February 2023 12.0% 0.7% China [+] January 2023 2.1% 2.1% Colombia [+] February 2023 13.3% 3.5% Costa Rica [+] September 2022 10.4% 8.4% Czechia [+] January 2023 17.5% 6.0% Denmark [+] January 2023 7.7% 0.4% Dominican Republic [+] February 2023 6.4% 0.7% Ecuador [+] February 2023 2.9% 0.1% Estonia [+] February 2023 17.6% 1.3% Egypt [+] January 2022 8.0%…
Japan’s economy barely grew in q4 Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the third quarter, revised data showed, underscoring the challenge for policymakers trying to shore up a wobbly recovery. Record high inflation and slowing global growth amid sweeping monetary tightening across many countries have undermined the world’s third-biggest economy’s post-pandemic revival, despite relaxation of COVID curbs, energy subsidies and ultra-easy monetary policy. Businesses, under government pressure to increase wages to boost household consumption, are struggling to motor on in the face of muted demand at…
Newbuildings still in demand Newbuilding activity has kept its momentum over the past week, while S&P deals seem to have dropped off. In its latest weekly report, shipbroker said that “activity in the newbuilding sector remained on a similar level to the previous week, with deals concluded for around 15 new vessels. Dry bulk orders returned after two weeks of silence thanks to domestic orders placed with Chinese builder Nantong Xiangyu Shipbuilding. These orders are in-line with the preference for Ultramax vessels established throughout the first two months of year, in which over 50 percent of dry bulk carrier contracts…
Meat, dairy and rice production will bust 1.5c climate target Emissions from the food system alone will drive the world past 1.5C of global heating, unless high-methane foods are tackled. Climate-heating emissions from food production, dominated by meat, dairy and rice, will by themselves break the key international target of 1.5C if left unchecked, a detailed study has shown. The analysis estimated that if today’s level of food emissions continued, they would result in at least 0.7C of global heating by the end of the century, on top of the 1C rise already seen. This means emissions from food alone,…
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,…
International experts identified that the world oil demand growth forecast for 2022 remains equal to last month’s assessment at 2.5 mb/d. The OECD demand in 4Q22 was adjusted downward to reflect the latest fats but non-OECD demand in 4Q22 was revised higher because of improvements in economic activity in some states and a slight recovery in oil demand in China after the lifting of its zero-Covid-19 strategy. Pakistan: Import Payments By Petroleum Groups (Thousand US Dollar) Petroleum Group Jul-Jun Jan FY22 Dec(R)FY23 Jan(P) FY23 Jul-Jan FY21 FY22 FY22 FY23 P Petroleum Products 4,640,569 10,296,177 661,981 513,421 578,111 5,116,841 5,895,716 Petroleum…
The Government of Pakistan dropped another petrol attack on the directives of the International Monetary Fund, which is likely to create rippling effects far from petrol stations while sending shockwaves to the crippling economy. Some experts identified that it is feared that the massive fuel hike will end up being passed on to not only everyday Pakistani citizens whose wallets are feeling the strain already – but will also shut down further industries, and hit employment and households. OPEC Basket Price Date with Year Value in $ 01/02/2023 81.88 01/01/2023 81.62 01/12/2022 79.68 01/11/2022 89.73 01/10/2022 93.62 01/09/2022 95.32 01/08/2022…
OPEC reference basket and selected crudes, US$/B OPEC Reference Basket (ORB) Dec 22 Jan 23 Change Year- to- Date Jan 23/Dec 22 % 2022 2023 ORB 79.68 81.62 1.94 2.4 85.24 81.62 Arab Light 82.44 83.80 1.36 1.6 86.15 83.80 Basrah Medium 76.07 77.82 1.75 2.3 83.80 77.82 Bonny Light 80.69 82.36 1.67 2.1 86.85 82.36 Djeno 72.93 75.41 2.48 3.4 79.16 75.41 Es Sider 77.53 81.01 3.48 4.5 86.16 81.01 Girassol 78.69 82.05 3.36 4.3 88.28 82.05 Iran Heavy 79.11 81.56 2.45 3.1 85.59 81.56 Kuwait Export 80.46 82.94 2.48 3.1 86.28 82.94 Merey 58.17 61.74 3.57 6.1 63.58…
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 ( Feb 24, 2023) Currency Symbol Buying Selling Australian Dollar AUD 182 184.4 Bahrain Dinar BHD 693.87 701.87 Canadian Dollar CAD 194 196.2 China Yuan CNY 38.28 38.68 Danish Krone DKK 37.09 37.49 Euro EUR 277.2 280 Hong Kong Dollar…
Canada stocks-Toronto market hit six week low Canada’s main stock index fell on Wednesday to its lowest closing level in six weeks, tracking declines on Wall Street and weighed by losses for resource shares as commodity prices fell. The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended down 59.31 points, or 0.3 percent, at 20,193.33, its fourth straight day of declines and its lowest closing level since Jan. 11. Wall Street also closed lower, with traders cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises. Sensex, Nifty rise in early trade Benchmark stock…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD ICEX [+] 02/23/2023 2,406.81 0.19% 0.19% 4.92% -7.17% 9.43% NIFTY [+] 02/23/2023 17,511.25 -0.25% -2.41% -3.35% 2.63% -3.28% MASI [+] 02/22/2023 10,625.35 0.57% -0.55% 4.04% -21.42% -0.89% NSX Namibia [+] 12/30/2023 1,631.10 -4.59% -4.59% -4.59% 0 0 AEX [+] 02/23/2023 755.72 -0.12% -1.22% 1.05% 3.82% 9.68% NZX 50 [+] 12/29/2023 11,473.24 -2.83% -2.83% -2.83% -0.99% 0 MBI10 [+] 02/23/2023 5,764.76 -0.48% -0.25% -0.73% -6.42% 1.99% OSEBX [+] 02/23/2023 1,235.65 1.30% 0.50% 3.08% 3.98% 3.92% MSM30 [+] 02/22/2023 4,634.34 0.03% -0.41% -2.85% 14.20% -4.59% KSE100 [+]…
CPI Countries Countries Date CPI Interannual Accum. since January Dominican Republic [+] January 2023 7.2% 0.6% Ecuador [+] January 2023 3.1% 0.1% Estonia [+] January 2023 18.6% 0.8% Egypt [+] January 2022 8.0% 1.0% Finland [+] January 2023 8.4% 0.6% Georgia [+] November 2022 10.4% 10.1% Ghana [+] January 2023 18.5% 1.7% Equatorial Guinea [+] November 2022 4.9% 4.6% Guatemala [+] January 2023 9.7% 0.4% Honduras [+] December 2022 9.8% 9.8% Hungary [+] January 2023 25.7% 2.3% Indonesia [+] January 2023 40.7% 0.3% Mexico [+] January 2023 7.9% 0.7% Nigeria [+] January 2023 21.8% 1.9% Nicaragua [+] January 2023 10.9%…
Japan says economy in modest recovery Japan kept its assessment of the economy unchanged in February as consumer spending remained on a recovery trend despite soft exports and factory output due to the global economic slowdown. The government also retained its caution over the impact of global monetary tightening, price hikes and supply constraint in its monthly report. It will continue to closely monitor financial market fluctuations and China’s COVID-19 situation, the report said. The new economic assessment comes after data last week showed Japan’s economy averted recession but rebounded much less than expected in the fourth quarter last year…
Why skills development is vital for shipping’s green transition Moving towards a low-emission global economy will create tens of millions of new ‘green jobs’ across sectors including shipping. The renewable energy industry alone is projected to generate 38.2 million jobs by 2030. The effects of the green transition on employment are also requiring workforces across multiple sectors to reskill and upskill. This, coupled with new technologies, such as artificial intelligence (AI) and digitalization, is leading to increased calls for investment in skills to ensure a thriving future workforce in 2030 and beyond. Newbuilding orders pick up The newbuilding market has…
Hot temperature to heat up prices, reduce wheat yield: CRISIL The hot temperature if persists in March may not only reduce the wheat crop yield but also heat up the commodity prices, said CRISIL. The rabi wheat crop yield will be impacted if the temperature is high in March. The crop yield will be on a par – or marginally lesser – than last year’s low, said CRISIL in a report. According to the report, in Uttar Pradesh, accounting for about 30 percent of India’s wheat production, the eastern part is expected to have relatively good yields on-year because of…
Limits of Social Responsibility “It is not enough for business to do well; it must also do good.” But in order to “do good,” a business must first “do well.” Whenever a business has disregarded the limitation of economic performance and has assumed social responsibilities that it could not support economically, it has soon gotten into trouble. Union carbide was not socially responsible when it put its into Vienna, West Virginia, to alleviate unemployment there. It was, in fact, irresponsible. The plant was marginal to begin with. The process was obsolescent. At best the plant could barely keep its head…
One of the chief and foremost aims of all countries is economic development. Approximately all the countries strive in the best possible way to attain this aim. Among all the contributors to economic growth, exports are one of the main elements that enhance economic growth. Dissimilar research is conducted to organize the relationship between economic growth and exports from different countries. No doubt, the sports goods manufacturing division of Pakistan has a rich history and a dynamic manufacturing base. At first, ascending as a cottage industry, the area now comprises developed manufacturing units in and around Sialkot City. Over time,…
According to the World Bank’s new report in a growth in advanced economies like US will likely be slow to 0.5 percent in 2023, 1.9 points below June’s forecast, while the euro area is estimated to flatline as it battles harsh energy supply disruptions and price hikes related to Russia invasion. The report further predicted, China growth will enlarge to 4.3 percent in 2023, merely 0.9 points lower than the earlier forecast. Through heavy debt burden and weak investment developing and emerging states are facing multi-year period of slow growth, the report said. Furthermore, it is also recorded in the…
Across the world, one in seven businesses is a franchise, which equates to approximately 2.0 million franchised companies, employing 19 million people. As per the US Department of Commerce, franchising every year shares a staggering $2.3 trillion in the worldwide economy. For a person, a franchise is a good choice who wants to own a business and has all the resources required for it but doesn’t know how to build it from scratch, international researchers identified. Through investing lesser money than needed for starting a business, purchasing a franchise gives the opportunity of becoming an entrepreneur. Franchise businesses are much…
Pakistan Super League 2021/2022 Teams M W L T N/R PT NRR 1. Multan Sultans 10 9 1 0 0 18 1.253 2. Lahore Qalandars 10 6 4 0 0 12 0.765 3. Peshawar Zalmi 10 6 4 0 0 12 -0.340 4. Islamabad United 10 4 6 0 0 8 -0.069 5. Quetta Gladiators 10 4 6 0 0 8 -0.708 6. Karachi Kings 10 1 9 0 0 2 -0.891 2020/2021-2022 1. Islamabad United 10 8 2 0 0 16 0.859 2. Multan Sultans 10 5 5 0 0 10 1.050 3. Peshawar Zalmi 10 5 5 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 ( Feb 10, 2023) Currency Symbol Buying Selling Australian Dollar AUD 184.5 186.9 Bahrain Dinar BHD 734.58 742.58 Canadian Dollar CAD 206 208.2 China Yuan CNY 40.68 41.08 Danish Krone DKK 39.85 40.25 Euro EUR 288.1 291 Hong Kong Dollar…
European stocks fall European stock markets fell Friday, as U.K. economic weakness in December added to concerns about a global recession this year. At 03:20 ET, the DAX index in Germany traded 0.4 percent lower, the CAC 40 in France dropped 0.3 percent and the FTSE 100 in the U.K. fell 0.4 percent. Economic data released earlier Friday showed that the U.K. narrowly avoided falling into a technical recession in the final quarter of 2022, as the country’s economy showed zero growth during those last three months of the year, after falling 0.3 percent in the July-September period. That said,…
Stock Market Indexes Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MASI [+] 02/09/2023 10,719.22 2.45% 3.71% 9.31% -23.16% -0.01% NSX Namibia [+] 12/30/2023 1,631.10 -7.21% -7.21% -7.21% 0 0 AEX [+] 02/09/2023 757.05 1.16% -0.89% 2.83% -1.67% 9.88% NZX 50 [+] 12/29/2023 11,473.24 -5.79% -5.79% -5.79% -0.99% 0 MBI10 [+] 02/10/2023 5,796.76 0 -0.56% 0.45% -8.76% 2.56% OSEBX [+] 02/09/2023 1,236.66 -0.25% 2.09% 3.56% 2.74% 4.01% MSM30 [+] 02/08/2023 4,766.36 0.25% 0.54% -1.38% 15.82% -1.88% KSE100 [+] 02/09/2023 42,466.59 1.78% 4.93% 4.84% -8.36% 5.06% BVPSI [+] 11/18/2022 394.82 0.18% 1.41% 1.01% 3.25% 0 S&P/BVL Peru [+]…
Consumer Price Index (CPI) Countries Date CPI Interannual Accum. since January United States [+] November 2022 7.1% 6.8% United Kingdom [+] November 2022 10.7% 10.1% Germany [+] November 2022 10.1% 9.5% France [+] November 2022 6.2% 6.0% Japan [+] November 2022 3.8% 3.8% Spain [+] November 2022 6.8% 5.5% Italy [+] November 2022 11.8% 11.4% Portugal [+] November 2022 9.9% 9.9% Greece [+] November 2022 8.5% 7.8% Ireland [+] November 2022 8.9% 8.4% Armenia [+] November 2022 -91.3% 7.2% Angola [+] November 2022 15.2% 12.9% Argentina [+] November 2022 92.4% 85.3% Austria [+] October 2022 11.1% 9.7% Australia [+] September…