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…
Author: S. Kamal Hayder Kazmi
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…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] June 2023 3.0% 2.8% United Kingdom [+] June 2023 8.0% 3.4% Germany [+] June 2023 6.4% 3.2% France [+] June 2023 4.5% 3.0% Japan [+] June 2023 3.3% 1.1% Spain [+] June 2023 1.9% 2.2% Italy [+] June 2023 6.4% 0.6% Portugal [+] June 2023 3.4% 1.3% Greece [+] June 2023 1.8% 2.8% Ireland [+] June 2023 6.1% 3.6% Armenia [+] March 2023 7.2% 0.8% Angola [+] June 2023 11.3% 6.0% Argentina [+] June 2023 115.6% 50.7% Austria [+] May 2023 9.0% 3.3% Australia [+] March 2023 7.0%…
One reason China is willing to engage again Three months ago it appeared that China’s economy was on track to recover relatively quickly after being closed off to the world during the pandemic. Consumers were spending again. Exports picked up. Even China’s beleaguered housing market gave hints it was stabilizing. That is no longer the case. Official data released Monday revealed that the annual pace of growth in China’s economy tumbled to just a little over 3 percent in the spring, well below the government’s target. Now the faltering economy appears to have helped prompt a shift in the willingness…
Drewry: lng shipping equity index up 16.3pc during 2023 The Drewry LNG Shipping Equity Index increased 16.3 percent YTD (as of 13 July 2023), underperforming the S&P 500, which rose 17.5 percent during the same period. The stock price of Nakilat jumped 14.5 percent, that of Golar LNG increased 3.6 percent, while Flex LNG’s declined 4.8 percent. In June, Nakilat and Flex LNG share prices increased 3 percent and 2.5 percent respectively but Golar LNG’s declined 1.9 percent. Nakilat stock has benefited from a steady rise in JV income (both from shipyard and LNG/LPG JVs) in the last few quarters,…
Sugar exports push retail price to Rs150 per kg Amid the lack of any government interest towards rising commodity prices, the sugar price in Jodia Bazaar, the country’s main wholesale commodity market, further surged to Rs136-137 per kg on Saturday from Rs131-132 a few days back mainly due to an export-driven spike in demand. In Less than 20 days, the wholesale rates have swelled by Rs19 per kg as speculators and hoarders have taken over the market, wholesalers and retailers said. According to the Sensitive Price Index (SPI) for the week ending on July 13, sugar retail price in Karachi…
The main rule is to look simulated decentralization as a last resort only. Whenever a unit can be set up as a business, no design principle can match federal decentralization. We have learned, however, that a great many large companies cannot be divided into genuine businesses. Yet they have clearly outgrown the limits of size and complexity of the functional or of the team structure. These are the companies that are increasingly turning to “simulated decentralization” as the answer to their organization problem. Simulated decentralization forms structural units that are not businesses but which are still up as if they…
Pakistan’s solar energy market is expected to record a CAGR (compound annual growth rate) of 2.5 per cent from 2022 to 2027 and the proposed plan of eliminating customs duty on solar panel price and its related tools in the budget for FY2023-24 is a favourable attempt. This initiative by the federal government to promote power generation using alternative energy aims to support domestic solar panel producers and promote solar energy consumption throughout the nation. In Pakistan solar energy has an optimistic impact for the residential areas, and the corporations. The dwellers of various residential societies through accessing the solar…
The global and regional perspective of energy to understand the energy crisis is complex, requiring complete analysis of various factors, like prices, supply chain, demand, policy, technology, infrastructure, regulations, environment and geopolitics. To meet market demand, it is to understand that the energy supply chain is a network of interdependent actors and processes that produce, transport and distribute energy resources. It is also susceptible to many risks, like accidents, natural disasters, sabotage, cyber-attacks and conflicts. However, the ongoing Russia-Ukraine war is a significant geopolitical element that affected not only the worldwide supply chain but increasing the energy demand, chiefly in Europe…
Facts and figures showing why we need to work on the renewable energy sources sector in Pakistan. Sectoral Share In Electricity Consumption In Pakistan (July-March) FY2023 Sector Consumption (GWh) Share (%) Household 39,200 46.6 Commercial 6,576 7.8 Industry 23,687 28.2 Agriculture 6,906 8.2 Others 7,664 9.1 Total 84,034 PPIB’s Facilitated Installed Capacity In Pakistan Commissioned Projects: Fuel/Technologies Total Hydro Thar Coal Natural/Low BTU Gas RLNG Imported Coal Oil 20,911 MW 1,053 MW 3,300 MW 5,372 MW 3,633 MW 3,960 MW 3,593 MW Pakistan: Power Projects Under Facilitation By PPIB Year/Description No. of IPPs Fuels Power Generation (MW) 2023 1 RLNG…
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 (Jul 07, 2023) Currency Symbol Buying Selling Australian Dollar AUD 195 198 Bahrain Dinar BHD 736.73 744.73 Canadian Dollar CAD 213 216 China Yuan CNY 38.36 38.76 Danish Krone DKK 40.56 40.96 Euro EUR 304 307 Hong Kong Dollar HKD…
Japan stocks lower at close of trade Japan stocks were lower after the close on Friday, as losses in the Precision Instruments, Railway & Bus and Retail sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 1.17 percent. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2290 to 1300 and 256 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 2.18 percent to 19.21. Crude oil for August delivery was up 0.64 percent or 0.46 to $72.26 a barrel. Sensex falls 500 pts to close at…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD SPX Fiji [+] 07/07/2023 8,238.13 0.09% -0.64% -0.08% 3.76% 3.91% OMX25 [+] 07/06/2023 4,352.27 -1.83% -1.53% -5.83% -2.95% -9.81% GSE Ghana [+] 07/05/2023 2,821.82 0.13% 0.49% 12.20% 10.85% 15.46% ICEX [+] 07/07/2023 1,998.32 0 1.28% 2.99% -15.45% -9.14% NIFTY [+] 07/06/2023 19,497.30 0.51% 1.61% 4.83% 21.94% 7.69% JCI Jakarta [+] 07/06/2023 6,757.33 0.57% 1.43% 2.09% 1.67% -1.36% TA-35 [+] 07/06/2023 1,762.59 -0.93% -0.04% 0.73% -3.45% -1.91% ASE Amman [+] 07/06/2023 2,471.09 -0.24% 0.34% -0.90% -3.00% -1.22% KASE [+] 07/05/2023 3,610.27 -0.04% 0.17% 2.36% 33.96% 11.03%…
CPI Countries Countries Date CPI Interannual Accum. since January United States [+] May 2023 4.1% 2.5% Chile [+] May 2023 8.7% 2.3% China [+] May 2023 0.2% 0.8% Colombia [+] May 2023 12.4% 5.8% Czechia [+] May 2023 11.1% 6.9% Denmark [+] May 2023 2.9% 0.1% Dominican Republic [+] June 2023 4.0% 1.2% Ecuador [+] June 2023 1.7% 0.9% Estonia [+] June 2023 9.2% 4.7% Egypt [+] January 2022 8.0% 1.0% Finland [+] May 2023 6.8% 2.7% Fiji [+] May 2023 0.8% 1.1% Ghana [+] May 2023 9.7% 9.8% Equatorial Guinea [+] May 2023 1.8% -0.3% Guatemala [+] May 2023…
Improving Japan business mood signals steady economic recovery Japanese business sentiment improved in the second quarter as raw material costs peaked and removal of pandemic curbs lifted consumption, a central bank survey showed, a sign the economy was on course for a steady recovery. Companies expect to increase capital expenditure and project inflation to stay above the Bank of Japan’s 2 percent target five years ahead, the quarterly “tankan” showed on Monday, offering policymakers hope that conditions for phasing out their massive monetary stimulus may be gradually falling into place. “The tankan confirmed our view that Japan’s economy is on…
Global container shipping outlook: pressure mounts amid flood of new capacity The container shipping market has become used to cyclicality over the decades, and it experienced an unprecedented peak in 2021 and 2022 with record rates and profits for liners. But with consumers starting to reduce their higher goods spending, against a backdrop of a global economy reeling from an inflation shock and rapid rate increases, the demand slowdown is intense. Consequently, spot rates on major trade lanes have quickly dropped. But it’s the subsequent wave of investment in new vessels that will become noticeable in the years ahead. As…
New Iran nuclear deal may lead to quick increase in oil production Of all the geopolitical scenarios perennially judged most likely by the world’s governments to escalate into global nuclear war between the superpowers, a military conflict between the Arab states of the Middle East and Israel has always been at or near the very top of the list. For a long time, the threat of such conflict was held in check by the U.S.’s longstanding deep relations with several of the Middle East’s major Arab states, most notably Saudi Arabia, as analysed in full in my new book on…
The right organization The only things that evolve by themselves in an organization are disorder, friction, mal performance. The pioneers of management a century ago were right: organizational structure is needed. The modern enterprise needs organization. But the pioneers were wrong in their assumption that there is – or should be – one right organization. Instead of searching for the right organization, management needs to learn to look for, to develop, to test, the organization that fits the task. There are some “principles” of organization. One is that organization has to be transparent. People have to know and have to…
Pakistan in the summer of 2022, was hit by unprecedented rains. A third of the country was under flood water; greater than 2,000 people lost their lives and millions of others lost their homes and livelihoods. Most of the displaced are still living in temporary camps and struggling to make ends meet. Long before the disaster, Pakistan struggled with visible poverty and disparity. Statistics showed that the Government of Pakistan performs poorly compared to other South Asian nations. For it, the ratio of the average income of the poorest 10 percent of the population to the richest 10 percent is…
According to the economic survey of Pakistan FY2023, the provision of quality healthcare services and ensuring the nutrition security of the population are key to human capital development, which is a significant element of the economic development of a country. Pakistan has been committed to ensuring equitable access to health and nutrition services to its population in line with the international best practices as is evident from the country’s commitment to meet global targets of good health and wellbeing under SDG 3. The National Health Vision 2016-2025 also envisages health sector reforms focusing on improving the public health delivery system…
Budget 2023-24 At A Glance (Rs. in Billion) Resources Value Expenditure Value Tax Revenue (FBR) – Federal Consolidated Fund 9,200 A. Current 13,320 Non-Tax Revenue 2,963 Interest Payments 7,303 a) Gross Revenue Receipts 12,163 Pension 761 b) Less Provincial Share 5,276 Defence Affairs & Services 1,804 I. Net Revenue Receipts (a-b) 6,887 Grants and Transfers to Provinces & Others 1,464 II. Non Bank Borrowing 1,906 Subsidies 1,074 III. Net External Receipts – Fed. Consolidated Fund 2,527 Running of Civil Govt. 714 IV. Bank Borrowing (T-Bills, PIBs, Sukuk) – Fed. Consolidated Fund 3,124 Provision for Emergency and others 200 V. Privatization…
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 ( June 16, 2023) Currency Symbol Buying Selling Australian Dollar AUD 202 204 Bahrain Dinar BHD 763.63 771.63 Canadian Dollar CAD 226 228 China Yuan CNY 40.17 40.57 Danish Krone DKK 41.83 42.23 Euro EUR 315 318 Hong Kong Dollar…
Japan stocks lower at close of trade Japan stocks were lower after the close on Thursday, as losses in the Pharmaceutical Industry, Power and Marine Transport sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.05 percent. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1998 to 1579 and 269 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 2.71 percent to 21.99. Crude oil for July delivery was up 0.25 percent or 0.17 to $68.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSE TOP-20 [+] 06/15/2023 36,441.23 0.77% 1.27% -1.11% 6.63% -2.99% MONEX20 [+] 06/15/2023 14,851.61 -1.49% -1.53% 1.30% 34.62% 5.02% MASI [+] 06/15/2023 11,385.36 1.69% 2.94% 5.97% -7.88% 6.20% MYANPIX [+] 06/15/2023 356.83 0.31% 0.33% 0.38% 1.00% -10.03% NSX Namibia [+] 12/30/2023 1,631.10 -1.42% -1.42% -1.42% 0 0 AEX [+] 06/15/2023 772.64 0.16% 1.75% 2.18% 16.50% 12.14% NZX 50 [+] 12/29/2023 11,473.24 -1.83% -1.83% -1.83% -0.99% 0 MBI10 [+] 06/15/2023 5,746.22 -0.17% -1.21% -2.37% -1.49% 1.66% OSEBX [+] 06/15/2023 1,235.36 -0.22% 0.31% 1.54% 0.98% 3.90% MSM30…
CPI Countries Countries Date CPI Interannual Accum. since January Equatorial Guinea [+] March 2023 4.2% 0.2% Guatemala [+] May 2023 6.5% 1.2% Honduras [+] December 2022 9.8% 9.8% Hungary [+] May 2023 21.5% 4.3% Indonesia [+] May 2023 39.0% 1.1% Israel [+] May 2023 4.6% 2.2% India [+] April 2023 5.1% 1.4% Iran [+] May 2023 -56.8% -67.1% Iceland [+] May 2023 9.5% 4.6% Jordan [+] February 2023 4.3% 0.3% Kenya [+] May 2023 8.0% 3.1% Kyrgyzstan [+] April 2023 10.7% 3.4% Cambodia [+] April 2023 1.1% 1.8% South Korea [+] May 2023 3.3% 1.7% Kazakhstan [+] May 2023 15.9%…
Mongolia eyes e-commerce to diversify its economy Mongolia is looking to e-commerce to help overcome geographical challenges and diversify its economy, which relies heavily on mining – mainly of copper, coal, iron ores and gold. The Mountainous, landlocked nation is one of the world’s most sparsely populated. Mongolia’s remoteness, combined with its rugged terrain can make traditional trade and economic activities challenging. “The Digital way opens up a whole new facet for all aspects of economic diversification and especially trade,” said Tapan Mishra, the UN Resident Coordinator in Mongolia. “It is extremely important for Mongolia to leverage its trade potential…
Wind propulsion for RoRo, RoPax and Pax vessels The shipping world is looking for the right answers to the decarbonization challenge, and wind-assisted propulsion is seeing growing support from innovators and first movers across the industry. DNV presents three promising technologies adapted in the RoRo and RoPax segment. As carbon emission limits get tighter and the zero-carbon goal moves closer, shipowners and ship operators are seeing more questions than answers about the ship-propulsion technology of a decarbonized tomorrow. Amid this uncertainty, one thing remains certain: There will always be wind – enough for everyone. “Wind has propelled ships for thousands…
Expert: climate change, water scarcity can affect rice production Chairman Rice Research and Development Board Punjab Shahzad Ali Malik warned that challenges such as climate change, water scarcity, and pests can affect rice production in Pakistan and hectic efforts must be made on top priority to address these issues through research and development, improved farming practices, and policy support to ensure the continued importance and sustainability of rice as a cash crop in the country’s economy. He said rice is one of the most important cash crops in Pakistan, contributing significantly to the country’s economy. Talking to a delegation of…
Long-Range Planning The future will not just happen if one wishes hard enough. The future requires decisions – now. It imposes risk – now. It requires action – now. It demands allocation of resources, and above all, of human resources – now. It requires work – now. The idea of long-range planning – and much of its reality – rests on a number of misunderstandings. The long range is largely made by short-run decisions. Unless the long range is built into, and based on, short-range plans and decisions, the most elaborate long-range plan will be an exercise in futility. And…
International studies identified that the global mango market size was expected to grow from $60.52 billion in 2022 to $63.79 billion in 2023 at a compound annual growth rate (CAGR) of 5.4 percent amid the Russia-Ukraine war disrupted the chances of global economic recovery from the Covid-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple states, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mango market size is expected to reach $8.84…
In Pakistan, sustainable growth of the agriculture sector stands as per the Government of Pakistan’s officials, vital for food security and rural development. It is a major contributor to employment and foreign exchange earnings. In addition to that it offers industrial raw materials, hence growth in this sector has multiple linkages with the overall economy. The officials also recorded that wheat is the staple crop and it ensures food security in Pakistan. It is cultivated over 22 million acres and accounts for 7.8 percent of the value added in agriculture and 1.8 percent of GDP. Self-sufficiency in wheat has been…
Agriculture Growth In Pakistan (Base=2015-16) (%) Sector 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 P Agriculture 2.22 3.88 0.94 3.91 3.48 4.40 1. Crops (i+ii+iii) 1.37 4.61 -4.38 6.32 5.96 6.58 i) Important Crops 2.68 4.27 -8.59 5.24 5.83 7.24 ii) Other Crops -1.24 4.65 3.62 9.21 8.27 5.44 iii) Cotton Ginning 5.24 8.27 -11.23 -4.06 -13.08 9.19 2. Livestock 2.89 3.59 3.65 2.80 2.38 3.26 3. Forestry -2.92 2.24 7.22 3.36 -0.45 6.13 4. Fishing 1.22 1.57 0.78 0.63 0.73 0.35 Area And Production Of Other Kharif And Rabi Crops In Pakistan Crops 2021-22(P) Area (000 Hectares) Production (000 Tonnes)…
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 (Jun 02, 2023) Currency Symbol Buying Selling Australian Dollar AUD 202 204 Bahrain Dinar BHD 758.24 766.24 Canadian Dollar CAD 228 230 China Yuan CNY 40.18 40.58 Danish Krone DKK 41.16 41.56 Euro EUR 321 325 Hong Kong Dollar HKD…
Nikkei set for eighth weekly gain Japanese stocks rose on Friday, with the benchmark Nikkei index set for an eighth straight weekly gain, as U.S. lawmakers approved a plan to raise the debt limit and on signs central bankers are in no hurry to tighten the monetary policy. SoftBank Group Corp surged 5.4 percent amid speculation its chip unit will benefit from a boom in artificial intelligence investment. Dai-Ichi Life Holdings Inc leapt 3.55 percent, leading insurers higher as risks of financial catastrophe from a U.S. default eased. The Nikkei index rose 0.76 percent to 31,384.93 at the midday break,…
Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD MSE TOP-20 [+] 05/31/2023 35,917.72 0.78% 2.17% -4.92% 5.83% -4.39% MONEX20 [+] 06/01/2023 14,862.67 0 1.08% 1.98% 37.89% 5.10% MASI [+] 06/02/2023 11,016.24 0 0.66% 5.61% -12.12% 2.76% MYANPIX [+] 06/02/2023 360.00 -0.39% -0.65% 2.18% 0.41% -9.23% AEX [+] 06/01/2023 756.35 1.00% -1.50% -0.28% 7.87% 9.77% NZX 50 [+] 12/29/2023 11,473.24 -3.43% -3.43% -3.43% -0.99% 0 MBI10 [+] 06/01/2023 5,835.18 -0.12% -0.70% -2.40% -4.14% 3.23% OSEBX [+] 06/01/2023 1,202.00 0.29% -1.12% -1.99% -5.30% 1.09% MSM30 [+] 06/01/2023 4,630.63 0.26% 0.00% -2.55% 12.13% -4.67% KSE100 [+]…
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…
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…