Author: S. Kamal Hayder Kazmi

International experts emphasise that while economic growth is crucial for development, it alone is not enough to improve prosperity or alleviate poverty. In recent years, social protection has gained significance as a vital tool in poverty reduction, with increased investments in low- and middle-income countries. Pakistan stands out among developing nations by enshrining social security as a fundamental right in its Constitution. Article 38 mandates the state to ensure social security, housing, food, healthcare, clothing, and education for all citizens, without discrimination based on caste, race, creed, or gender. Human Development Index With Components Country/ Region HDI Rank Human Development…

Innovation, stability, and FDI lead regional economic leadership Researchers analysed that UAE has been famous among all comity of the world because of its generous humanitarian assistance, stability, tolerance, innovation, vision for better health and education. As per the Institution of International Finance (IIF) projected that the UAE economy will grow 4.0 per cent in 2024 and 5.1 per cent in 2025, the highest among all GCC countries. In 2023, the Emirates’ GDP grew by 3.6 per cent, the fastest among Gulf countries. The country’s non-oil GDP growth will moderate in 2024 and 2025 following a growth of 6.2 per…

Pakistan: KSE-100 Index Months 2022-23 Months 2023-24 KSE 100 index Total Market Capitalization (Rs billion) Turnover in shares (billion) KSE 100 index Total Market Capitalization (Rs billion) Turnover in shares (billion) Jul-22 40,150.36 6,771.94 2.62 Jul-23 48,034.60 7,231.76 7.68 Aug-22 42,351.15 7,034.96 6.86 Aug-23 45,002.42 6,715.88 6.54 Sep-22 41,128.67 6,782.04 3.84 Sep-23 46,232.59 6,885.57 3.20 Oct-22 41,264.66 6,663.36 5.81 Oct-23 51,920.27 7,551.77 7.93 Nov-22 42,348.63 6,768.15 4.28 Nov-23 60,531.27 8,729.52 13.74 Dec-22 40,420.45 6,500.83 3.99 Dec-23 62,451.04 9,062.90 20.61 Jan-23 40,673.06 6,394.03 3.89 Jan-24 61,979.18 9,073.76 11.29 Feb-23 40,510.37 6,272.51 3.52 Feb-24 64,578.52 9,225.16 6.64 Mar-23 40,000.83 6,108.17 3.67 Mar-24…

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 ( Dec 06 2024) Currency Symbol Buying Selling Australian Dollar AUD 179 181.25 Bahrain Dinar BHD 733.95 741.95 Canadian Dollar CAD 198.1 200.5 China Yuan CNY 37.99 38.39 Danish Krone DKK 39.15 39.55 Euro EUR 291.55 294.3 Hong Kong Dollar…

Most Gulf markets gain Most stock markets in the Gulf ended higher on Thursday, helped by investor confidence in a U.S. interest rate cut and a potential delay in OPEC+’s planned output increase. Markets currently see a 74 percent chance of a 25-basis-point rate cut this month, according to the CME Group’s FedWatch Tool. Market’s attention is likely to shift to the U.S. payrolls report on Friday, followed by inflation data for November expected next week. The Fed’s decisions impact the Gulf region’s monetary policy, as most currencies in the region are pegged to the U.S. dollar. Saudi Arabia’s benchmark…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 12/05/2024 3,153.51 0.55% -0.26% 3.32% 27.80% 24.45% CSE [+] 12/04/2024 210.75 0.30% 0.26% 8.70% 57.30% 135.34% PX [+] 12/04/2024 1,700.95 -0.39% 1.12% 2.86% 21.72% 20.29% OMXC20 [+] 12/05/2024 2,411.89 -0.64% 1.09% 1.30% 8.72% 5.62% EGX30 [+] 12/02/2024 30,525.32 0.09% 0.09% -0.43% 23.41% 22.62% OMX Tallinn [+] 12/06/2024 1,716.21 0.07% 1.12% -1.32% -1.62% -2.86% SPX Fiji [+] 12/06/2024 8,976.73 0 -0.35% -1.60% 4.84% 4.24% OMX25 [+] 12/05/2024 4,432.54 0.47% 2.26% -1.49% 1.95% -1.85% GSE Ghana [+] 12/04/2024 4,726.37 0.45% 0.68% 4.06% 50.08% 50.99% HANG…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] October 2024 2.6% 2.9% United Kingdom [+] October 2024 2.3% 2.1% Germany [+] October 2024 2.0% 2.4% France [+] November 2024 1.3% 1.2% Japan [+] October 2024 2.2% 2.5% Spain [+] November 2024 2.4% 2.4% Italy [+] November 2024 1.4% 1.3% Portugal [+] October 2024 2.3% 3.1% Greece [+] October 2024 2.4% 2.8% Ireland [+] October 2024 0.7% 1.0% Andorra [+] October 2024 1.8% 2.3% Armenia [+] October 2024 0.0% -0.8% Angola [+] October 2024 29.2% 23.4% Argentina [+] October 2024 193.0% 107.0% Austria [+] October 2024 1.8%…

In Bangladesh an anatomy of the current economic situation The economy of Bangladesh is at such a critical juncture, struggling with both long-standing structural problems and newly emerging issues. Though exports and remittances have shown improvement in recent times, continuing macroeconomic instability, high inflation, and political unrest continue to shake the prospects for sustainable growth and recovery. These imperative challenges now require well-coordinated strategies and overall reform initiatives that will stabilise the economy on the pathway of resilient and sustainable growth. Despite the expected recovery, the incidence of macroeconomic instability remains high, denting confidence. Inflation is still at a high…

Spanish police make two cocaine busts Spanish authorities are reporting that they have made a second cocaine seizure as they continue to search the containers coming off a vessel that two weeks ago was found to be transporting cocaine into Spain. The investigation is ongoing into the vessel and its possible role in the smuggling while local government officials called it an “important finding” in the ongoing war on smuggling. The incident started in mid-November when a Turkish-owned and managed containership Izmit Express (37,000 dwt) was inbound into Spain on a run from Colombia and Panama. The vessel which was…

Oil slightly firmer ahead of OPEC+ supply plan Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East. Brent crude futures rose 5 cents, or 0.07 percent, to $72.36 a barrel by 0730 GMT, while U.S. crude futures were at $68.60 a barrel, up 6 cents, or 0.09 percent. Both benchmarks fell nearly 2 percent on Wednesday. A single bank sold a large volume of U.S. oil futures contracts in…

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…

The World Bank noted that remittances surpassed foreign direct investment (FDI) and official development assistance (ODA) last year. Remittances to LMICs are expected to grow at a faster rate of 2.3 percent in 2024, although this growth will be uneven across regions. In 2023, international statistics revealed that the Remittances to East Asia and Pacific, excluding China, increased by 4.8 percent to $85 billion. Remittances are crucial for Pacific Island economies like Palau, Samoa, Tonga, and Vanuatu. Notably, Tonga was the most dependent worldwide, with remittances amounting to 41 percent as a share of the Gross Domestic Product (GDP). Excluding…

In the world, education is undeniably crucial for shaping individuals and societies in contemporary times. It is the cornerstone for social advancement, personal development, and economic prosperity. Education goes beyond mere knowledge acquisition; it focuses on critical thinking abilities and practical skills that are essential for navigating life’s multifaceted issues. In developing countries like Pakistan, the Government of Pakistan is committed to putting concerted attempts and substantial resources into aligning the country’s educational standards with its regional counterparts. Our country faces various challenges in the education system of Pakistan but the main challenge is academic dishonesty. Unluckily it is a…

Pakistan loses 40% of crops post-harvest, needs urgent policy reforms According to the ‘Food Waste Index Report 2024’ issued through the UN Environment Programme, a staggering 1.05 billion tonnes of food were wasted last year. Shockingly, this accounts for approximately 20 per cent of all food available to consumers. Food waste beyond the ethical dilemma, contributes significantly to 8-10 per cent of global greenhouse gas emissions — almost 5.0 times greater than the aviation sector. The environmental toll is further compounded by the biodiversity loss caused by food production that never reaches consumers. Economically, food waste costs the worldwide economy…

In revolutionising the world, sources recorded that Information and Communication Technologies (ICTs) have played a key role, making it truly a Global Village within the last decade. In the world the innovation in ICTs is redefining the dimension of socio-economic development, resulting in commercial, economic, cultural, and social opportunities for users of Cyberspace. This unprecedented growth has ushered in a new era, marked by easy and low-cost access to highly interconnected networks in the world. With the developments in the ICTs, and reliance on broadband infrastructure in particular, the Internet has taken a centre stage in today’s modern world. The…

As per the Government of Pakistan officials, energy is inarguably one of the most important inputs for economic growth that can sustain industrial and commercial activities. The energy sector has progressed since 2013 in terms of power generation and reducing power outages. The initiation of China-Pakistan Economic Corridor (CPEC) power projects has addressed historical gaps in electricity production and enhanced the reliability of the supply chain. However, the reliance on imported and costly fossil fuels for electricity generation underscores the need for a shift in the fuel mix. The government is taking steps towards meeting its energy demand and reducing…

International statistics showed that the global trade growth in the first quarter of 2024 was primarily driven by increased exports from China (9%), India (7 percent) and the US (3 percent). Conversely, Europe’s exports showed no growth and Africa’s exports decreased by 5 percent. Trade in developing countries and South-South trade increased by about 2 percent in both imports and exports during the first quarter. Exports Of Pakistan S.No. Commodities %Change for value in million Rupees in September, 2024 over August, 2024 September, 2023 1 Knitwear -3.25 21.08 2 Readymade garments -6.88 26.19 3 Bed wear -0.18 16.64 4 Cotton…

Cars, trucks, buses, and jeeps see major boost; IMC records 47pc production growth last year According to the car sales statistics announced through the Pakistan Automotive Manufacturers Association (PAMA) presently, sales of trucks and buses surged by 82 per cent to 1,074 units and by 66.4 per cent to 203 units respectively. Sales of jeeps and pick-ups went up by 60 per cent to 10,068 units, while two and three-wheeler sales increased by 23.4 per cent to 457,880 units as usual. However, once again, tractor sales declined prey to a significant fall by 59.9 per cent, to 6,939 units, despite…

The country’s textile secure 54.5pc of exports, as garments, bedwear and knitwear lead an impressive export growth According to a government report, textiles are Pakistan’s most important manufacturing sector. This industry has the longest production chain, with potential for value addition at every stage — from cotton processing to ginning, spinning, fabric production, dyeing and finishing, to the final made-ups and garments. The textile sector contributes nearly a quarter of the country’s industrial value-added and employs about 40 per cent of the industrial labour force. Excluding seasonal and cyclical fluctuations, textile products have maintained an average share of approximately 54.5…

In Pakistan, economic and business exhibitions play an important role in driving economic growth. These events serve as hubs for networking, business expansion, showcasing innovation, and attracting foreign investment, which are all crucial to economic development. In present years, exhibitions in Pakistan have seen increased interest and participation across sectors like technology, International Defence Exhibition and Seminar (IDEAS), agriculture, textiles, energy, and consumer goods, contributing to various growth aspects of the economy. Presently statistics showed that IMF has projected GDP growth rate for Pakistan at 3.2 percent for 2025 against 2.4 percent in 2024. Pakistan’s economy continues to face significant…

International experts noted that effective decision-making is an integral part of our daily lives, affecting business, individuals, and governments. It involves choosing among alternatives to attain specific outcomes and goals. In Pakistan it is crucial for business growth in Pakistan, where businesses face unique problems like economic and regulatory uncertainty, and rapidly changing market situations. Sound decisions not only enable firms to navigate these problems but also position them for sustainable growth, innovation, and competitiveness. By adopting data-driven, innovative, and strategic methods, businesses can position themselves for sustained success in both international and domestic markets. As per the government of…

Net FDI In Pakistan ($ Million) Country 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 (Jul-Aug) China 763.2 1,311.90 130.8 846.6 751.6 531.6 432.2 568.2 174.7 UK 215.4 304.6 185 119.1 141 31.8 65 268.2 43.5 USA 45.7 161.7 88.1 99.2 166.4 249.6 89.3 137.3 22.7 Hong Kong 123 183.6 171 190.7 157.2 137.7 101 358.5 70.2 Switzerland 101.7 78.5 21.2 62.8 61.7 146.2 134 28.7 0.5 U.A.E. 120.1 -4.4 103.7 -44 115.7 143.9 180.1 87.3 9.4 Italy 61.5 56.6 51.9 57.4 36.3 34.8 8.6 1.9 -0.3 Netherlands 457.6 100.3 69 133.2 96.9 104.1 71.9 71 -3 Austria 21.7…

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 (Nov 15 2024) Currency Symbol Buying Selling Australian Dollar AUD 181.25 181.43 Bahrain Dinar BHD 731.21 739.21 Canadian Dollar CAD 198.16 200.56 China Yuan CNY 38.58 38.98 Danish Krone DKK 39.58 39.98 Euro EUR 290.85 293.6 Hong Kong Dollar HKD…

Saudi stock exchange closes trading lower The Saudi Stock Exchange main index ended trading lower on Friday, losing 139.27 points to close at 11791.18 points. The total value of trading reported was SAR11.1 billion. The Saudi Parallel Market Index (NOMU) ended the day by gaining 262.18 points to close at 29467.71 points, valued at SAR91 million. The total number of shares traded was over six million. China stocks log biggest weekly loss since July Chinese stocks had their biggest weekly loss since July, while Hong Kong shares erased early gains to end slightly lower on Friday as scepticism that China…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD EGX30 [+] 07/15/2024 27,952.04 -0.32% -0.32% 5.81% 61.18% 12.28% OMX Tallinn [+] 11/14/2024 1,730.38 -0.50% -1.25% -1.36% -2.67% -2.06% SPX Fiji [+] 11/14/2024 9,028.75 -0.03% -0.64% -1.35% 8.51% 4.85% OMX25 [+] 11/13/2024 4,378.64 0.10% -1.59% -6.09% 2.48% -3.04% GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 0 HANG SENG [+] 11/14/2024 19,423.00 -2.02% -6.30% -7.92% 11.65% -1.81% BUX [+] 11/13/2024 77,123.76 0.20% 1.15% 3.85% 35.08% 76.11% ICEX [+] 11/13/2024 2,288.09 0.28% -0.38% 5.09% 27.82% 7.71% NIFTY [+] 12/31/2024 24,044.50 1.87% 1.87% 1.87% 10.64% 10.64%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] October 2024 2.6% 2.9% United Kingdom [+] September 2024 1.7% 1.5% Germany [+] October 2024 2.0% 2.4% France [+] October 2024 1.2% 1.2% Japan [+] September 2024 2.5% 2.0% Spain [+] October 2024 1.8% 2.1% Italy [+] October 2024 0.9% 1.3% Portugal [+] October 2024 2.3% 3.1% Greece [+] October 2024 2.4% 2.8% Ireland [+] October 2024 0.7% 1.0% Andorra [+] September 2024 1.7% 2.0% Armenia [+] October 2024 0.0% -0.8% Angola [+] October 2024 29.2% 23.4% Argentina [+] October 2024 193.0% 107.0% Austria [+] September 2024 1.8%…

Indonesian economy Indonesia has played a modest role in the world economy since the mid-20th century, and its importance has been considerably less than its size, resources, and geographic position would seem to warrant. The country is a major exporter of crude petroleum and natural gas. In addition, Indonesia is one of the world’s main suppliers of rubber, coffee, cocoa, and palm oil; it also produces a wide range of other commodities, such as sugar, tea, tobacco, copra, and spices (e.g., cloves). Nearly all commodity production comes from large estates. Widespread exploration for deposits of oil and other minerals has…

Activists demand Spain halt port calls of Maersk Line ships carrying arms The continuing effort by activist groups to interrupt the shipment of military supplies to Israel took a new turn as an activist group demanded that Spain stop permitting port calls for Maersk Line, Limited ships. The groups calling themselves Progressive International and the Palestinian Youth Movement pointed to at least 25 shipments that were aboard vessels making port calls at Port Algeciras. A member of the Spanish Congress of Deputies and secretary-general of the Communist Party of Spain Enrique Santiago also stepped into the controversy sending a letter…

S.Korean rice production fall continues Domestic rice production is continuing its slow decline in South Korea as the government incentivizes farmers to switch to planting alternate crops while also fostering a domestic wheat industry, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. In marketing year 2024-25, South Korea’s milled rice production is forecast at 3.6 million tonnes, 1.2 percent below the 2023-24 estimate of 3.7 million tonnes, based on a nationwide survey by Statistics Korea (KOSTAT), the FAS said. Rice planted area in 2024-25 is estimated down 1.5 percent to 698,000 hectares…

Divestment In looking for a husband for your daughter, says an old proverb, don’t ask: “Who’ll make the best husband for her?” Ask instead: “For which kind of a man would she make a good wife?” Divestment is a “marketing” rather than a “selling” problem. The question is not: “What do we want to sell and for how much?” It is: “For whom is this venture ‘value’ and under what conditions?” The salient point if finding the potential buyer for whom what is misfit to the seller is a perfect, the buyer to whom the venture to be sold offers…

International experts have noted that the steel industry is crucial for both manufacturing and construction. It plays a key role in producing products such as cars, appliances, and buildings. In recent years, the industry has faced challenges due to global economic fluctuations, technological advancements, and environmental concerns. However, in 2024, the steel industry is expected to experience positive trends as demand for steel products continues to grow. This rising demand is driven by the expansion of infrastructure projects, the automotive sector, and manufacturing activities worldwide. Statistics show that world crude steel production for the 71 countries reporting to the World…

Globally, experts expect 36.2 million used car sales this year, up slightly from 35.9 million in 2023. In Europe and North America, the average age of cars in operation has risen over the past decade, from 7.4 years (Europe) and 11.4 years (USA) to 12 years now. With over 750 million passenger cars in operation across both continents, experts also anticipate growing demand for aftermarket products as the maintenance needs of these aging vehicles increase. Statistics showed that tempering that potential revenue pot for aftermarket sales, however, is the fact that, once their cars reach 5 or 6 years’ old,…

Pakistan Consumption Of Petroleum Products (000 MT ) Sector FY2023 July-March FY2023 July-March FY2024 Change (%) Domestic 17.95 13.55 18.80 38.80 Industry 1,126.85 889.71 815.32 -8.36 Agriculture 9.21 7.40 10.16 37.31 Transport 13,606.63 10,254.53 9,764.55 -4.78 Power 1,668.15 1,417.08 520.70 -63.26 Government 365.09 262.26 224.70 -14.32 Overseas 696.85 416.63 948.03 127.55 Total 17,490.73 13,261.15 12,302.25 -7.23 Import Of Petroleum Products In Pakistan (Quantity in thousand MT; Value in million US$) Period/Product FY2023 July-March FY2023 July-March FY2024 Quantity Value (C&F) Quantity Value (C&F) Quantity Value (C&F) MS 5,181.04 4,829.87 3,853.99 3,704.34 3,528.13 3,156.31 Crude Oil 7,595.47 5,334.17 5,858.44 4287.35 6,169.27 4,051.07…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Oct 18 2024) Currency Symbol Buying Selling Australian Dollar AUD 185.25 187.5 Bahrain Dinar BHD 730.7 738.7 Canadian Dollar CAD 201.65 204.05 China Yuan CNY 38.88 39.28 Danish Krone DKK 40.29 40.69 Euro EUR 300.95 303.7 Hong Kong Dollar…

Gulf bourses end lower ahead Stock markets in the Gulf ended lower on Thursday as investors await more third-quarter earnings amid escalating geopolitical tensions in the region and softening oil prices. Lately the markets have been under pressure on worries that Israel would attack Iran in retaliation for the latter’s Oct. 1 missile strike. Russia is warning Israel to not even consider striking Iranian nuclear facilities, state news agency TASS quoted Deputy Foreign Minister Sergei Ryabkov as saying on Thursday. European stocks headed for weekly gains European shares opened muted on Friday, after the European Central Bank’s latest rate cut…

Stock Market Indexes Description Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CSE [+] 10/16/2024 197.69 0.97% -1.74% 7.46% 54.97% 120.76% PX [+] 10/16/2024 1,612.52 0.25% 1.17% 2.28% 18.96% 14.04% OMXC20 [+] 10/17/2024 2,538.10 1.25% -0.42% -7.56% 13.91% 11.15% EGX30 [+] 07/15/2024 27,952.04 -0.32% -0.32% 5.81% 61.18% 12.28% OMX Tallinn [+] 10/18/2024 1,744.10 -0.09% 0.34% 3.05% -3.62% -1.28% SPX Fiji [+] 10/18/2024 9,150.29 0 -0.02% -0.51% 11.59% 6.26% OMX25 [+] 10/17/2024 4,615.00 0.64% -1.02% 1.58% 9.65% 2.19% GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 0 HANG SENG [+] 10/17/2024 20,079.10 -1.02% -5.52% 13.70% 12.97% 1.50%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] September 2024 2.4% 2.8% United Kingdom [+] August 2024 2.2% 1.6% Germany [+] September 2024 1.6% 2.0% France [+] September 2024 1.2% 1.1% Japan [+] August 2024 3.0% 2.2% Spain [+] September 2024 1.5% 1.5% Italy [+] September 2024 0.8% 1.3% Portugal [+] September 2024 2.1% 3.0% Greece [+] September 2024 2.9% 2.8% Ireland [+] September 2024 0.7% 0.7% Andorra [+] September 2024 1.7% 2.0% Armenia [+] September 2024 0% -1.1% Angola [+] September 2024 29.9% 21.5% Argentina [+] September 2024 209.0% 101.6% Austria [+] August 2024 2.3%…

China’s economy set to grow 4.8pc in 2024: Poll China’s economy is likely to expand 4.8 percent in 2024, undershooting the government’s target, and growth could cool further to 4.5 percent in 2025, a Reuters poll showed, maintaining the pressure on policymakers as they consider more stimulus measures. Gross domestic product is forecast to have risen 4.5 percent in the third quarter from a year earlier, slowing from 4.7 percent in the second quarter and hitting the weakest since the first quarter of 2023, according to the poll, which was conducted between Sept. 27 and Oct. 15. Authorities have sharply…

Shipping carbon tax will impact African economies and food security: report As the push towards the introduction of a global carbon tax on shipping gains momentum, a new report is highlighting that African economies are likely to be adversely affected. The report warns the tax may also negatively impact food security. Three Africa-focused policy organizations concluded that as the International Maritime Organization (IMO) moves forward with plans to introduce a levy/tax/carbon price mechanism aimed at putting a price on carbon to discourage shipping emissions, Africa must brace for impacts. For the continent, the report warns that the imposition of a…

Government agencies gather in ministry of natural resources Minister of Natural Resources, Ecology and Technical Supervision Meder Mashiev and Deputy Minister Asel Raimkulova held a meeting of the organizing committee for the preparation and participation of Kyrgyzstan in the 29th Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC). The meeting was organized to gather all government agencies of the country on one site to discuss organizational and other issues that need to be resolved. In 2024 England’s wheat crop dips Wet weather has taken its toll on wheat production in England, with the crop initially…

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…

The balance sheet footing of the banking sector according to the State Bank of Pakistan (SBP), was enlarged by 11.5 percent in H1FY24, chiefly driven through investments in government securities. The Government of Pakistan stayed he primary borrower of banking money, which doubled the profits of the entire banking industry in FY2023. The government has also planned to borrow over Rs9.3 trillion from banks in FY2025, chiefly to service its domestic debts. The fall in private sector advances was significantly lower than H1FY23. On the funding side, deposits rose by 11.7 percent in H1FY24, with a major impetus from saving…

Experts recorded that Pakistan’s IT sector is rapidly evolving and has become a significant economic growth and innovation driver. With a young and tech-savvy population, Pakistan is emerging as a hub for software development, IT services, and digital startups. The government’s proactive support by initiatives like tax incentives, grants, and infrastructure development created a conducive environment for sector growth. The IT sector’s potential remains high despite challenges like power shortages, internet outages, regulatory hurdles, and occasional political instability. Promising opportunities in areas like artificial intelligence (AI), FinTech, and e-commerce continue attracting interest from local and international stakeholders, paving the way…

Pakistan: Credit/Loans Classified By Borrowers (Outstanding position at the end of month) (Based on ISIC 4 Classifications of Private Sector Business) (Million Rupees) (P) Description Jun-24 Jul-24 Aug-24P 1. Credit to Government Sector (A+B) 31,771,523 31,926,741 32,533,247 A. SBP Credit to Government Sector (Net) 4,500,383 4,607,175 4,540,684 B. Scheduled Banks Credit to Government Sector (Net) 27,271,140 27,319,566 27,992,563 2. Credit to Non Government Sector (A+B) 11,375,052 10,988,596 10,962,285 A. SBP Credit to Non Govt. Sector 86,257 70,218 77,411 B. Scheduled Banks Credit to Non Govt. Sector (I+II+III) 11,288,795 10,918,377 10,884,874 I. Credit to PSEs 2,139,847 2,115,228 2,139,581 II. Credit to…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market (Oct 04 2024) Currency Symbol Buying Selling Australian Dollar AUD 190.68 192.93 Bahrain Dinar BHD 733.18 741.18 Canadian Dollar CAD 205.6 208 China Yuan CNY 39.6 40 Danish Krone DKK 41.12 41.52 Euro EUR 305.07 307.82 Hong Kong Dollar HKD…

Gulf bourses end lower Stock markets in the Gulf ended lower on Thursday as markets weighed the risk of a widening conflict in the region, with the Dubai index falling for a fifth consecutive session. Israel’s military on Thursday urged residents of over 20 towns in south Lebanon to evacuate their homes immediately, as it pressed on with an incursion after suffering its worst losses in a year of fighting Iran-backed armed group Hezbollah. As it pushes into south Lebanon, Israel is also weighing its options for retaliation against Iran. The Islamic Republic launched its largest ever assault on Israel…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NIFTY [+] 12/31/2024 24,044.50 -4.77% -4.77% -4.77% 10.64% 10.64% JCI Jakarta [+] 10/03/2024 7,543.83 -0.26% -1.99% -0.95% 8.69% 3.73% TA-35 [+] 10/01/2024 2,093.48 -1.42% -0.11% 0.02% 11.84% 12.23% ASE Amman [+] 10/03/2024 2,372.93 0.13% -0.44% -1.70% -2.76% -2.40% KASE [+] 10/04/2024 5,107.29 0.17% -1.17% -2.41% 25.83% 21.97% KSW Kuwait [+] 10/03/2024 7,582.95 -0.62% -2.04% -3.13% 1.41% 1.42% LSX Index [+] 10/03/2024 985.80 -0.33% -1.13% -1.99% -7.17% -8.67% OMX Riga [+] 10/04/2024 882.44 0.04% 1.00% 1.04% -35.01% -23.45% OMX Vilnius [+] 10/04/2024 1,015.99 -0.02% 0.61% 3.09%…

CPI countries Countries Date CPI Interannual Accum. since January United States [+] August 2024 2.5% 2.6% United Kingdom [+] August 2024 2.2% 1.6% Germany [+] August 2024 1.9% 2.0% France [+] September 2024 1.2% 1.1% Japan [+] August 2024 3.0% 2.2% Spain [+] September 2024 1.5% 1.6% Italy [+] September 2024 0.8% 1.3% Portugal [+] August 2024 1.9% 1.7% Greece [+] August 2024 3.0% 1.0% Ireland [+] August 2024 1.7% 1.7% Andorra [+] August 2024 2.1% 1.3% Armenia [+] August 2024 -0.1% -1.2% Angola [+] August 2024 30.5% 19.6% Argentina [+] August 2024 236.7% 94.8% Austria [+] August 2024 2.3%…

Asia Pacific Review The embedded finance industry in Asia-Pacific is expected to grow by 13.9 percent annually to reach US$73.75 billion in 2024. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 28.2 percent from 2024 to 2029. The region embedded finance revenues will increase from US$73.75 billion in 2024 to reach US$255.49 billion by 2029. Experts recorded that the embedded finance sector in the Asia Pacific region is rapidly evolving, driven by increased digital adoption and integration into non-financial platforms. Recent innovations, strategic partnerships, and regulatory advancements are propelling growth and…

Amnesty international wants ship loaded with explosives for Israel stopped The human rights organization Amnesty International is calling for a small cargo ship to be blocked from entering ports in Europe due to the belief the vessel is transporting explosives bound for Israel. The group says that permitting the vessel to transport these materials violates international regulations. The ship has been the center of a controversy since it departed Vietnam in late July. The ship named Kathrin (8,000 dwt) registered in Portugal and operated by a company based in Germany has been hounded by activists as it made its trip…

Indonesia’s rice import paradox Indonesia, an agrarian country with fertile lands, has a rich history of rice cultivation, making it a significant player in the global rice economy. Despite this natural endowment and the long-standing cultural association with rice as a staple food, Indonesia continues to import significant quantities of rice. This phenomenon raises important questions about the country’s agricultural policies, food security, and economic strategies. How is it that a country with vast expanses of fertile land, suitable for rice cultivation, consistently struggles to produce enough rice for its population? This article delves into the polemics surrounding Indonesia’s rice…

The Future Budget The budget for the future remains stable throughout good times and bad. In most enterprises—and again not just in business —there is only one budget, and it is adjusted to the business cycle. In good times expenditures are increased across the board. In bad times expenditures are cut across the board. This, however, practically guarantees missing out on the future. The change leader’s first budget is an operating budget that shows operating and capital outlays to maintain the present business. That budget should always be approached with the question: “What is the minimum we need to spend…

The Kingdom of Saudi Arabia on the basis of strong fundamentals, is witnessing robust economic performance. A rise in public sector investments, combined with a raft of social and economic reforms has boosted the non-oil economy. In 2024 real GDP growth is projected at 2.6 percent, up from -0.8 percent in 2023, as per the IMF. Over the past three months statistics showed that the annual inflation rate in Saudi Arabia has stayed stable at 1.6 percent, explaining relative stability on an annual basis. The inflation rate in Saudi is one of the most stable, which confirms the strength and…

According to the Government of Pakistan report, inflation has become the most significant economic challenge in Pakistan. Over the last three years, this problem didn’t arise suddenly but developed. Worldwide, inflationary pressures have been observed after Covid-19. Domestically, measures taken to address high and increasing fiscal and current account deficits resulted in double-digit inflation on a year-on-year basis since August 2019. The issue was highlighted in November 2021 when both food and non-food components of inflation surpassed single digits. The average Consumer Price Index (CPI) inflation rate spiked to 29.2 percent in FY 2023, and by May 2023, the year-on-year…

Investment Indicators In Saudi Arabia (Y-o-Y) unless otherwise stated Q1 Q2 Q3 Q4 Full Y Q1 Q2 Q3 Q4 Full Y Q1 FDI Inflow (SAR Billion) 72.4 18.6 17.0 14.7 122.6 16.9 19.4 16.6 19.4 72.3 – FDI Inflow growth (%) 743.8% -71.2% 3.1% 16.1% 20.0% -76.6% 4.6% -2.1% 32.2% 12.1% – FDI Stock (SAR Billion) 727.0 740.0 751.9 762.0 762.0 771.0 783.7 795.0 808.2 808.2 – FDI Stock growth )(%) 10.3% 1.8% 1.6% 1.4% 15.6% 1.2% 1.6% 1.4% 1.7% 6.1% – Nominal Gross Fixed Capital Formation (Y-o-Y) Gross Fixed Capital Formation (SAR Billion) 232.1 260.7 265.7 265.9 1024.3 294.4…

Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. FINANCIAL MARKET IN PAKISTAN Pakistan: Currency Rate As Per Open Market ( Sep 20 2024) Currency Symbol Buying Selling Australian Dollar AUD 188.25 190.5 Bahrain Dinar BHD 734.2 742.2 Canadian Dollar CAD 204.7 207.1 China Yuan CNY 38.25 38.65 Danish Krone DKK 40.03 40.43 Euro EUR 308 310.75 Hong Kong Dollar…

After central banks cut rates Gulf markets in black Most stock markets in the Gulf ended higher on Thursday, after most central banks in the region cut their key interest rates following a larger-than-usual policy easing by the US Federal Reserve. The Fed cut its benchmark rate by 50 basis points (bps) on Wednesday, with policymakers seeing another half a percentage point fall by the end of this year. Saudi Arabia’s benchmark index rose 1.3 percent, boosted by a 2 percent jump in Al Rajhi Bank. The kingdom, the region’s biggest economy, cut its repurchase agreement (Repo) rate and reverse…

Stock Market Indexes Descriptions Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD NIFTY [+] 12/31/2024 24,044.50 -5.40% -5.40% -5.40% 10.64% 10.64% JCI Jakarta [+] 09/19/2024 7,905.39 0.97% 1.19% 5.87% 13.25% 8.70% TA-35 [+] 09/19/2024 1,997.92 -0.22% -2.75% -2.86% 8.64% 7.11% ASE Amman [+] 09/19/2024 2,390.12 -0.01% -0.67% -0.57% -0.76% -1.69% KASE [+] 09/20/2024 5,193.83 -0.56% -0.07% -2.16% 30.08% 24.04% KSW Kuwait [+] 09/19/2024 7,790.34 0.56% 0.54% 0.43% 1.89% 4.19% MSE TOP-20 [+] 09/19/2024 48,193.61 -0.20% -0.32% 0.71% 38.61% 16.30% MONEX20 [+] 09/19/2024 15,463.04 1.14% 1.72% 3.33% 4.24% -0.77% MASI [+] 09/20/2024 14,184.33 0 1.32% 1.94% 20.49% 17.29%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] August 2024 2.5% 2.6% United Kingdom [+] August 2024 2.2% 1.6% Germany [+] August 2024 1.9% 2.0% France [+] August 2024 1.9% 2.3% Japan [+] July 2024 2.7% 1.7% Spain [+] August 2024 2.3% 2.1% Italy [+] August 2024 1.1% 1.4% Portugal [+] August 2024 1.9% 1.7% Greece [+] August 2024 3.0% 1.0% Ireland [+] August 2024 1.7% 1.7% Andorra [+] August 2024 2.1% 1.3% Armenia [+] August 2024 -0.1% -1.2% Angola [+] August 2024 30.5% 19.6% Argentina [+] August 2024 236.7% 94.8% Austria [+] July 2024 2.9%…

As challenges mount China’s economic activity falters China’s industrial output and retail sales faltered in August as the economy lost momentum, adding to expectations Beijing will step up stimulus efforts in the final months of the year. Industrial output grew at the slowest pace since March while retail sales, a gauge of consumption, had their second-slowest month of the year, data from the National Bureau of Statistics showed, despite August being the summer holiday month. The NBS said “in general the economy was operating smoothly in August”. But it said economic activity “still faces many difficulties and challenges in its…

Latest shipping line opens on Chittagong-China maritime route A shipping line on the Chattogram-China maritime route started operation, with a Chinese goods-carrying vessel anchoring at the Chittagong port recently. MV Kota Angoon, the first ship on the route carrying 552 containers from China’s Ningbo-Zhushan port, started sailing on September 7 and reached Chattogram after nine days via Shanghai and Shekou, according to the Chattogram Port Authority. A consortium of ships owned by multiple organisations has joined this service named China-Chittagong Express (CCE), according to domestic media reports. A goods carrying mother vessel used to take 20 to 25 days earlier…

CM aide vows to tap natural resources to fight poverty: Chitral expo Special Assistant to Chief Minister on Industries Abdul Karim Tordher on Saturday said Chitral had tremendous potential for economic development and this could help fight poverty in the region. He was speaking at the two-day Chitral Expo which was jointly held by the Trade Development Authority of Pakistan (TDAP), Khyber Pakhtunkhwa Board of Investment and Trade (KP BOIT) and Chitral Chamber of Commerce. He said the basic agenda of the government was to explore the local natural resources of an area to provide employment opportunities to maximum people…

The Right Compromise “Half a loaf is better than no bread.” One has to start out with what is right rather than what is acceptable (let alone who is right) precisely because one always has to compromise in the end. But if one does not know what is right to satisfy the specifications and boundary conditions, one cannot distinguish between the right compromise and the wrong compromise —and will end up by making the wrong compromise. There are two different kinds of compromise. One kind is expressed in the old proverb, “Haifa loaf is better than no bread.” The other…

In the Country’s economic growth the ministry of finance-government of Pakistan recorded that Pakistan’s manufacturing sector historically, has played a crucial role. It has contributed significantly to exports, accounting for about 71 percent, and has employed 14.9 percent of the labor force. This underscores the potential for further growth and development in the sector, instilling confidence in the future of Pakistan’s economy. Through unfavorable global and domestic events the presentation of the large scale manufacturing (LSM) was primarily affected. Since the beginning of FY 2024 supply disruptions and the lasting effects of a flood have been ongoing. These disruptions have…

International statistics showed that overall, foreign direct investment (FDI) to developing countries declined by 7 percent in 2023 to $867 billion, but the decline varied significantly across regions. While greenfield project announcements in developing countries grew by over 1,000, the distribution was uneven, with nearly half in South-East Asia and a quarter in West Asia. Experts registered that FDI inflows to Africa fell by 3 percent to $53 billion. Greenfield announcements included megaprojects like a green hydrogen project in Mauritania. International project finance declined by a quarter in deal numbers and by half in value. Flows to developing countries in…

Investment In Pakistan ($ Million) Country Wise Net FDI Country 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 (Jul-Apr) China 1,048.30 763.2 1,311.90 130.8 846.6 751.6 531.6 432.2 439.3 UK 151.7 215.4 304.6 185 119.1 141 31.8 65 219.1 USA 15.7 45.7 161.7 88.1 99.2 166.4 249.6 89.3 116 Hong Kong 187 123 183.6 171 190.7 157.2 137.7 101 297.9 Switzerland 59.5 101.7 78.5 21.2 62.8 61.7 146.2 134 27.9 U.A.E. 114.6 120.1 -4.4 103.7 -44 115.7 143.9 180.1 79.7 Italy 105.4 61.5 56.6 51.9 57.4 36.3 34.8 8.6 7.3 Netherlands 29.9 457.6 100.3 69 133.2 96.9 104.1 71.9…

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 30 2024) Currency Symbol Buying Selling Australian Dollar AUD 186.5 189.18 Bahrain Dinar BHD 732.6 740.6 Canadian Dollar CAD 202.65 205 China Yuan CNY 38.25 38.65 Danish Krone DKK 40.03 40.43 Euro EUR 309 312 Hong Kong Dollar…

UK’s FTSE 100 hits 3-month high UK’s main stock index hit a three-month high on Friday, set to eke out gains for the topsy-turvy month, with bank shares in the lead ahead of crucial global economic data that could shed further light on the pace of rate cuts by top central banks. The Blue-chip FTSE 100 index was up 0.3 percent as of 0706 GMT, on track for its second straight monthly gain and third consecutive weekly advance. The domestically-focused mid-cap FTSE 250 rose 0.2 percent, but eyed a monthly decline. At the open European share markets mixed European stock…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD HANG SENG [+] 08/29/2024 17,786.32 0.53% 0.99% 3.18% -3.77% -10.09% BUX [+] 08/29/2024 73,193.79 0.49% 0.33% -0.75% 28.25% 67.13% ICEX [+] 08/29/2024 2,058.41 0.47% 0.03% 1.82% -0.78% -3.10% NIFTY [+] 12/31/2024 24,044.50 -4.02% -4.02% -4.02% 10.64% 10.64% JCI Jakarta [+] 08/29/2024 7,627.60 -0.41% 1.10% 4.77% 9.63% 4.88% TA-35 [+] 08/29/2024 2,093.08 0.13% 2.04% 3.56% 14.04% 12.21% ASE Amman [+] 08/29/2024 2,413.14 0.16% 0.42% -0.22% 0.63% -0.74% KASE [+] 08/29/2024 5,304.09 -0.20% 0.02% 1.13% 39.19% 26.67% KSW Kuwait [+] 08/29/2024 7,822.04 0.03% 0.75% -0.32% 1.14% 4.61%…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] July 2024 2.9% 2.5% United Kingdom [+] July 2024 2.2% 1.2% Germany [+] July 2024 2.3% 2.0% France [+] July 2024 2.3% 1.7% Japan [+] July 2024 2.7% 1.7% Spain [+] July 2024 2.8% 2.1% Italy [+] July 2024 1.3% 1.3% Portugal [+] July 2024 2.5% 2.0% Greece [+] July 2024 2.7% 0.8% Ireland [+] July 2024 2.2% 1.5% Andorra [+] July 2024 3.0% 1.3% Armenia [+] July 2024 -0.3% -1.3% Angola [+] July 2024 31.1% 17.7% Argentina [+] July 2024 263.5% 87.0% Austria [+] July 2024 2.9%…

Japan’s economy grew last quarter Japan’s economy expanded at an annual rate of 3.1 percent in the April-June period, rebounding from a contraction in the previous quarter, according to the latest government data. The world’s fourth-largest economy grew 0.8 percent in the fiscal first quarter, driven by solid consumer spending and business investment. Seasonally adjusted gross domestic product (GDP) measures the value of a nation’s goods and services. In Japan, domestic demand grew by 3.5 percent from the previous quarter, fueled by robust household consumption, private sector investments, and government spending. Exports also saw a significant increase, growing by 5.9…

DNV Maritime CEO: decarbonization is slowing down According to DNV, 93 percent of the global shipping fleet still relies on conventional fuels. Ørbeck-Nilssen explained that this statistic can be viewed from two perspectives. On one hand, nearly half of the current order book includes vessels equipped with dual-fuel capable engines. This indicates a significant step toward reducing shipping emissions and demonstrates that the industry is making progress. However, the sector still faces considerable obstacles that are hindering further decarbonization efforts. The fact that 93 percent of the fleet still uses conventional fuels highlights the scale of the challenge. The adoption…

World food programme halts movement in Gaza The World Food Programme is freezing employee movement in Gaza after one of its vehicles was targeted with repeated gunfire just meters from an Israeli checkpoint, according to a statement by the humanitarian agency. “Despite being clearly marked and receiving multiple clearances by Israeli authorities to approach, the vehicle was directly struck by gunfire as it was moving toward an Israel Defense Forces (IDF) checkpoint,” the statement by the agency read. The Armored vehicle was one of two returning from a mission escorting humanitarian aid through the Palestinian enclave. A photo released by…

Arnold Schwarzenegger’s speech that broke the internet “I went to college. I went and worked out 5 hours a day. And I was working in construction. Because in those days in bodybuilding, there was no money. I didn’t have the money for food supplements or anything. So, I had to go to work. So, I worked in construction. I went to college and worked out in a gym. And at night from 8 o’clock at night to 12 midnight, I went to acting class 4 times a week. I did all that. There was not one single minute that I…

Pakistan’s imports rise by 15.6% in June 2024, despite annual decline in FY23-24 trade value World merchandise trade volume the economists recorded, is projected to grow 2.6 per cent in 2024 and 3.3 per cent in 2025, following a larger-than-expected decline of -1.2 per cent in 2023. Import demand in real terms was weak in 2023 in most regions, mainly in Europe but also in North America and Asia. Pakistan Imports Main Commodities Commodities %Change for value in million Rupees in June, 2024 over May, 2024 June, 2023 Petroleum products 1.26 -24.45 Petroleum crude -7.26 5.99 Natural Gas Liquefied 13.70…

In the world, remittances show one of major international financial resources, which sometimes they exceed the flows of FDI. For centuries, there in the developing countries, have been heated debates on the sources of economic growth and also why some countries reflect strong economic growth comparing to others. Furthermore, the United Nations’ Sustainable Development Goals (SDGs) for many struggling families and communities in developing countries, examine remittances as a lifeline. To provide food for families, access quality education and health services, also sanitation and clean water remittance are directly utilized. Compared to foreign aid, the household-to-household nature of remittances makes…

Literacy Rates In Pakistan (Percent ) Details Literacy (10 Years and Older) Youth Literacy (15-24 Years) Adult Literacy (15 Years and Older) Location Male Female Total Male Female Total Male Female Total Pakistan 70 49 60 79 65 72 68 46 57 Punjab 72 57 64 81 75 78 70 53 61 Sindh 68 47 58 72 57 65 68 45 57 Khyber Pakhtunkhwa 71 35 53 85 49 67 68 30 49 Balochistan 61 29 46 69 40 57 59 26 44 Sectoral Point Contribution At Constant Prices 2015-16 Details FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024…

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 15, 2024) Currency Symbol Buying Selling Australian Dollar AUD 183.9 187.5 Bahrain Dinar BHD 738 743.5 Canadian Dollar CAD 202.65 207 China Yuan CNY 38.29 38.69 Danish Krone DKK 40.03 40.43 Euro EUR 303.7 305.9 Hong Kong Dollar HKD…

Major Gulf markets gain Major stock markets in the Gulf rose in early trading on Thursday after benign US consumer inflation data overnight reinforced bets that the Federal Reserve would start cutting interest rates next month. Traders remain convinced that the Fed will reduce rates on Sept. 18 for the first time in 4-1/2 years, but are split on whether policymakers will opt for a super-sized 50 basis-point reduction. While inflation is slowing, signs it may remain sticky spurred a reduction of bets on a larger cut to 37.5 percent from about 50 percent a day earlier. A major macroeconomic…

Stock Market Indexes Details Date Level Ch. This Week ch. Mon. ch. Ann. ch. YTD CROBEX [+] 08/12/2024 2,946.26 0.68% 0.68% 2.84% 22.34% 16.27% CSE [+] 08/09/2024 163.34 -0.37% -5.32% 0.88% 32.08% 82.40% PX [+] 08/09/2024 1,554.75 0.07% -0.91% -0.99% 14.20% 9.95% OMXC20 [+] 08/12/2024 2,670.23 -2.06% -2.06% -6.88% 24.82% 16.93% EGX30 [+] 07/15/2024 27,952.04 -0.32% -0.32% 5.81% 61.18% 12.28% OMX Tallinn [+] 08/13/2024 1,738.11 0.00% 0.36% -0.94% -6.94% -1.62% SPX Fiji [+] 08/13/2024 8,946.36 -0.61% -0.60% -0.71% 8.80% 3.89% OMX25 [+] 08/12/2024 4,421.21 0.07% 0.07% -2.68% 2.73% -2.10% GSE Ghana [+] 08/30/2023 3,099.49 0.82% 0.98% 4.37% 23.89% 0 HANG…

CPI Countries Countries Date CPI Interannual Accum. since January United States [+] June 2024 3.0% 2.4% United Kingdom [+] June 2024 2.0% 1.4% Germany [+] July 2024 2.3% 2.0% France [+] July 2024 2.3% 1.7% Japan [+] June 2024 2.9% 1.3% Spain [+] July 2024 2.8% 2.1% Italy [+] July 2024 1.3% 1.3% Portugal [+] July 2024 2.5% 2.0% Greece [+] July 2024 2.7% 0.8% Ireland [+] July 2024 2.2% 1.5% Andorra [+] June 2024 3.2% 1.6% Armenia [+] July 2024 -0.3% -1.3% Angola [+] June 2024 31.0% 15.7% Argentina [+] June 2024 271.5% 79.8% Austria [+] June 2024 3.0%…

India becomes next big growth bet With India’s economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette by launching new flavors and size variants aimed at attracting the country’s vast population and untapped rural market. “While the last decade had companies focused on selling into China, the next decade is about selling into India,” said Brian Jacobsen, chief economist at Annex Wealth Management. “You have to go where the demographic and economic tailwinds are at your back.” Major consumer goods companies based in India, the world’s most populous country, are expecting…

LNG terminal planned for Mexico to serve ships With the number of ships using LNG continuing to grow and spurring demand, two U.S.-based companies partnered to launch a new small-scale LNG terminal in Salina Cruz, Mexico. According to the partners, GFI LNG and Pilot LNG, the project is designed with a focus on speed to market and will be strategically located to serve a key shipping market. The Salina Cruz LNG JV will develop, construct, and operate the LNG bunkering and transshipment terminal which they anticipate will start operations in mid-to-late 2027. GFI and Pilot plan to commence front-end engineering…

Scientists use rice cultivation to preserve soil in Florida’s everglades agricultural area Rice was grown in the Everglades Agricultural Area for a brief period in the 1950s, but it was limited to about 2,000 acres (800 hectares). Then came the discovery in Florida of a rice virus called hoja blanca, or white leaf, which stunts the plants or even kills them. This virus was first reported in the late 1950s in Colombia and Venezuela. Rice made a comeback in Florida in 1977 after growers in the Everglades Agricultural Area demonstrated that it could be grown in sugarcane fields during the…

Harmonize the Immediate Long-range Future A manager must, so to speak, keep his nose to the grindstone while lifting his eyes to the hills-quite an acrobat feat. A manager has two specific tasks. The first is creation of a true whole that is larger than the sum of its parts, a productive e more than the sum of the resources put into it. The second specific task of the manager is to harmonize in every decision and actions the requirements of the immediate and of the long-range future. A manager cannot sacrifice either without endangering the enterprise. If a manager…

According to the Labour Force Survey FY2021, the literacy rate in FY2021 was recorded 62.8 per cent as against to 62.4 per cent in FY2019, higher in males than females. Area-wise analysis suggests literacy rose in both rural areas from 53.7 per cent in FY2019 to 54.0 per cent in FY2021, while in urban areas, it rose from 76.1 per cent in FY2019 to 77.3 per cent in FY2021. The economists recorded that the male-female disparity seems to be narrowing down over time. The literacy rate has gone up in all provinces, with Punjab (increased 66.1 per cent to 66.3…

The World as per the international report 2024, is still far off track to achieve Sustainable Development Goal (SDG) 2, Zero Hunger, with the worldwide prevalence of undernourishment persisting at nearly the same level for three consecutive years after having risen sharply in the wake of the Covid-19 pandemic. In 2023 between 713 and 757 million people may have faced hunger– one out of 11 people in the globe, and in Africa one out of every five. Hunger is still on the rise in Africa, but it has sustained relatively unchanged in Asia, while notable progress has been made in…

Registered Medical And Paramedical Personnel (Progressive)And Expenditure On Health Years Registered doctors Registered Dentists Registered Nurses Registered Midwives Registered lady health visitors Population per Expenditure (Rs in millions) Doctors Dentist Development Non-development 2011 152,368 11,649 77,683 30,722 12,621 1,162 15,203 27,658 78,359 2012 160,880 12,692 82,119 31,503 13,678 1,123 14,238 29,898 104,284 2013 167,759 13,716 86,183 32,677 14,388 1,099 13,441 31,781 129,421 2014 175,223 15,106 90,276 33,687 15,325 1,073 12,447 55,904 146,082 2015 184,711 16,652 94,766 34,668 16,448 1,038 11,513 65,213 165,959 2016 195,896 18,333 99,228 36,326 17,384 997 10,658 75,249 192,704 2017 208,007 20,463 103,777 38,060 18,400 957 9,730…

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 01 2024) Currency Symbol Buying Selling Australian Dollar AUD 184.8 186 Bahrain Dinar BHD 741.05 749.05 Canadian Dollar CAD 204 206 China Yuan CNY 38.4 38.8 Danish Krone DKK 40.15 40.55 Euro EUR 301.6 303.65 Hong Kong Dollar HKD…

European share markets open mixed Europe’s main stock markets opened mixed Thursday, but London rose as investors awaited a possible interest-rate reduction from the Bank of England and digested a raft of company earnings. In initial deals, London’s FTSE 100 index rose 0.4 percent to 8,399.26 points. In the eurozone, the Paris CAC 40 fell 0.7 percent to 7,476.01 points and Frankfurt’s DAX lost 0.4 percent to 18,426.52. Asian equities mostly rose, however, after the US Federal Reserve flagged a possible interest rate cut next month, but Tokyo tumbled on a stronger yen following a hike from the Bank of…