US stocks post weekly losses The S&P 500 and the Dow Industrials rose on Friday, boosted by strong industrial output numbers, though all three of Wall Street’s major indexes posted losses for the week. February industrial production jumped 1.1 percent, the largest increase in four months. Energy led the major sectors of the S&P 500 with a 1.0 percent gain, as oil prices CLc1 rose 1.7 percent. Friday’s gains came at the end of a rocky week dominated by concerns of a US trade war with China and political turmoil, which began with the ouster of Secretary of State Rex…
Author: S. Kamal Hayder Kazmi
Challenges loom for marine fuel change Enforcement may determine demand for low-sulfur maritime fuels required under regulations that take effect in 2020, analysts told the American Fuel and Petrochemical Manufacturers’ conference in New Orleans, Louisiana. Countries with which shipping agencies often register lack the resources or incentives to police compliance with the upcoming International Maritime Organization rules, Stillwater Associates senior associate Ralph Grimmer said. That could leave up to 30pc of the market using fuel that does not meet the 0.5pc sulfur specification, down from today’s 3.5pc sulfur requirement, he said. [divider style=”normal” top=”20″ bottom=”20″] Supramax market remains in bullish…
LME copper may consolidate in $6,889-$6,959 range LME copper may consolidate in a narrow range of $6,889-$6,959 per tonne for one day before rising towards $7,015. The range is formed by the 23.6 percent and the 38.2 percent retracements of the downtrend from $7,253 to $6,777. The bounce from $6,777 looks incomplete, it may consist of three waves. The second wave labelled b may end in the range, to be then reversed by an upward wave c. A break below $6,889 could confirm an extension of the wave b towards $6,847, while a break above $6,959 could confirm the target…
Rules for Staff People Unless staff people have proved themselves in operations, they will lack credibility among operating people and will be dismissed as “theoreticians.” Rules for staff people are just as important as rules for staff work. Don’t ever put anyone into a staff job unless he or she has successfully help a number if operating jobs, preferably in more than one functional area. For if staff people lack operating experience, they will be arrogant about operations, which always look so simple to the “planner.” But today, in government even more than in business, we put young people fresh…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Mar/18 110 Stock Market 43446 points Mar/18 43618 Government Bond 10Y 8.8 % Mar/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 2-Feb Friday 9-Feb Friday 16-Feb Friday 23-Feb Friday 2-Mar Friday 9-Mar DOLLAR Buying 111.8 111.5 111.6 111.65 111.95 111.85 Selling 112.1 111.8 111.9 111.95 112.25 112.15 POUND Buying 159 154 156.25 154.6 154 153.25 Selling 160.75 155.75 158 156.35 155.75 155 EURO Buying 139.25 135.25 138.5 136.6 137 136.75 Selling 140.45 136.45 139.7 137.8 138.2 137.95 CANADIAN $ Buying 91 88 88.5 88.35 87 86.5 Selling 91.85 88.85 89.35 89.2 87.85 87.35 JAP YEN Buying 0.99 0.98 1.02 1.01 1.02 1.02 Selling 1.02 1.01 1.05 1.04 1.05 1.05 HK $ Buying 14.05…
PAKISTAN SUPER LEAGUE RECORDS AND STATISTICS Team Span Mat Won Lost Tied Tie & W Tie & L NR Win % Multan Sultans 2018–present 7 4 2 0 0 0 1 66.66 Lahore Qalandars 2016–present 21 5 15 0 0 1 0 23.8 Karachi Kings 2016–present 24 10 13 0 0 0 1 43.47 Islamabad United 2016–present 25 13 11 0 1 0 0 54 Quetta Gladiators 2016–present 26 15 10 0 0 0 1 60 Peshawar Zalmi 2016–present 27 15 11 0 0 0 1 57.69 [divider style=”normal” top=”20″ bottom=”20″] TEAMS ARE SORTED BY BEST PERFORMANCE Team Appearances Best result…
Various countries were generating billions of dollars in business activities by facilitating sports events. No doubt, economic experts urge that the sports activities enabled trade and industry to flourish in addition to creating employment rate and even reducing poverty rate in any country. In this regards, the Government of Pakistan should focus on offering best facilities for sports in Pakistan that would ultimately lead to the better promotion of business activities and strengthen the economy. Pakistan sports goods industry is facing many competitors namely; India, Taiwan and South Korea in view of strong competitors, government must offer additional facilities to…
It is said that the cricket has evolved from a strictly amateur game into a multibillion-dollar industry that is starting to increase exponentially as the developing world embraces the sport. Different sources state that in the late 16th century, the sport of cricket has originated in the south-east England. It became the country’s national sport in the 18th century and has developed internationally in the 19th and 20th. In the cricket, the player’s presentation is one of the main factors for team coaches and even selectors, and also to decide whether batting presentation dominates over bowling performance or not. According…
US shares climb as inflation worries wane on wage data The three major US indexes rose 1 percent on Friday, with the Nasdaq touching a record, after strong job additions in February but sluggish wage growth that pointed to a gradual rise in inflation and helped temper expectations of faster rate increases. Helping sentiment on a day the bull market for stocks turned nine were signs of a potential breakthrough in nuclear tensions in the Korean peninsula and President Donald Trump’s softened stance on tariffs. Strong jobs data last month fueled speculation that higher wages could lead to faster interest…
The digital imperative in container shipping The time has come for the container-shipping industry to join the digital revolution. Digital opens the door for carriers to strengthen their direct relationships with end customers, further reduce their costs (including for fuel, vessel operation, and customer service), and pursue new revenue streams beyond traditional shipping services. Only a few leading carriers have applied digital technologies toward enhancing their commercial and operational activities. Box tracking, empty-container repositioning, document management, network design, and pricing are among the activities that these carriers have started to digitalize. Although the rewards of a digital transformation can be…
Wheat, soy futures tick lower ahead of USDA report Chicago wheat, corn and soybean futures were lower on Wednesday as investors squared up their positions ahead of a monthly US Department of Agriculture report due on Thursday, traders said. Prices for each crop have cooled from last week’s multimonth highs amid dry growing conditions for US wheat and Argentine corn and soybeans. The USDA in its supply and demand report was expected to forecast larger US wheat ending stocks, due in part to weak export demand, and slightly smaller domestic stockpiles of corn, according to Reuters analyst polls. Chicago…
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…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 110 Mar/18 110 Stock Market 43511 points Mar/18 43705 Government Bond 10Y 8.8 % Mar/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per capita 1182…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 26-Jan Friday 2-Feb Friday 9-Feb Friday 16-Feb Friday 23-Feb Friday 2-Mar DOLLAR Buying 112.15 111.8 111.5 111.6 111.65 111.95 Selling 112.45 112.1 111.8 111.9 111.95 112.25 POUND Buying 159 159 154 156.25 154.6 154 Selling 160.75 160.75 155.75 158 156.35 155.75 EURO Buying 138.75 139.25 135.25 138.5 136.6 137 Selling 139.95 140.45 136.45 139.7 137.8 138.2 CANADIAN $ Buying 90.5 91 88 88.5 88.35 87 Selling 91.35 91.85 88.85 89.35 89.2 87.85 JAP YEN Buying 0.98 0.99 0.98 1.02 1.01 1.02 Selling 1.01 1.02 1.01 1.05 1.04 1.05 HK $ Buying 14.05…
PRODUCTION OF AUTOMOTIVE SECTOR IN PAKISTAN ( No of units produced) Details Installed Capacity 2015-16 (July-Mar) 2016-17 (July-Mar) % Change Cars 240,000 137,067 143,317 4.6 LCVs 43,900 29,529 18,637 -36.9 Jeeps 5,000 621 812 30.8 Buses 5,000 746 893 19.7 Trucks 28,500 3,940 5,489 39.3 Farm Tractors 65,000 21,942 37,938 72.9 Two/Three Wheelers 2,500,000 998,040 1,209,504 21.2 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] [ads1] PETROLEUM PRICES IN PAKISTAN Date HOBC Premium HS Diesel LS Diesel Kerosene 1-Feb-18 Rs.73.35/Ltr Rs.84.51/Ltr Rs.95.83/Ltr Rs.64.3/Ltr Rs.70.26/Ltr 1-Jan-18 Rs.73.35/Ltr Rs.81.53/Ltr Rs.89.91/Ltr Rs.58.37/Ltr Rs.62.3/Ltr 1-Jun-17 Rs.72.68/Ltr Rs.72.8/Ltr Rs.81.4/Ltr Rs.44/Ltr Rs.44/Ltr…
Economic managers of Pakistan reveal that the Government of Pakistan by the new Auto Development Policy (ADP) is completely committed to enlarging full support to the domestic automotive sector. It is also predicted to promote healthy competition in the sector leading to increased choice for the customers. They have also mentioned that the safety and security condition in the entire country, particularly in Karachi, has enhanced tremendously in the last five years thus resulting in better economic indicators and bringing in new investments. It is also believed that under the China Pakistan Economic Corridor (CPEC), infrastructural development in Pakistan and…
In Pakistan, Honda Atlas Cars (Pakistan) Limited remains committed towards its objective of maximizing value creation. This is being attained by concentrating business resources to improve operating flexibility, optimizing cost structure, execution of growth projects and investment in new technologies. During financial statements for the third quarter closed December 31, 2017, the company’s financial experts mentioned that Honda Atlas Cars experienced a strong market demand of its product and attained 54.55 percent and 50.57 percent growth in production and sales respectively. During the period, the company produced 36,057 units as compared to 23,330 units produced in the nine months period…
KSE-100 gains 230 points, closes positive for fourth successive session Stocks finished the week on a high with the KSE-100 Index registering a positive finish for the fourth successive time despite choppy trading during the session on Friday. US President Donald Trump’s move towards imposing tariffs on steel and aluminium imports created negative sentiment at the start of the session, pulling the sector in the red as trading began. At close, the benchmark KSE 100-share Index recorded an increase of 230.10 points or 0.53% to settle at 43,740.49. Overall, trading volumes increased to 230 million shares compared with Thursday’s tally…
Better days ahead for VLGC shipowners A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15, according to the latest edition of the LPG Forecaster published by global shipping consultancy Drewry. Year 2017 was one of the toughest years in the history for VLGC shipping as ample vessel supply squeezed the freight market. VLGC earnings in the spot market (on the benchmark AG-Japan route) averaged $12,500pd; way below the break-even rate of $21,000pd. [divider style=”normal” top=”20″ bottom=”20″] Giant US…
Crude futures take first weekly fall in 3 weeks Oil prices rose on Friday as Wall Street stocks bounced off session lows, but benchmark crude futures posted their first weekly decline in three weeks on fears US plans to impose tariffs on steel and aluminum could squeeze economic growth and jitters about rising US crude production. On Thursday, oil followed the stock market lower after President Donald Trump said he would impose hefty tariffs to protect US producers. Investors feared the move would spark a trade war. The US oil and gas industry slammed the tariff plan, saying it would…
SIMULATED DECENTRALIZATION 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…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Feb/18 111 Stock Market 42995 points Feb/18 42911 Government Bond 10Y 8.8 % Feb/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per capita…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 19-Jan Friday 26-Jan Friday 2-Feb Friday 9-Feb Friday 16-Feb Friday 23-Feb DOLLAR Buying 112 112.15 111.8 111.5 111.6 111.65 Selling 112.3 112.45 112.1 111.8 111.9 111.95 POUND Buying 154.75 159 159 154 156.25 154.6 Selling 156.5 160.75 160.75 155.75 158 156.35 EURO Buying 136.5 138.75 139.25 135.25 138.5 136.6 Selling 137.7 139.95 140.45 136.45 139.7 137.8 CANADIAN $ Buying 89.5 90.5 91 88 88.5 88.35 Selling 90.35 91.35 91.85 88.85 89.35 89.2 JAP YEN Buying 0.98 0.98 0.99 0.98 1.02 1.01 Selling 1.01 1.01 1.02 1.01 1.05 1.04 HK $ Buying 14.05…
PAKISTAN: AVERAGE SECTOR-WISE NATURAL GAS CONSUMPTION Sector For the Period July 1, 2015 To Feb 29, 2016 For the Period July 1, 2016 To Feb 28, 2017 Gas Consumption in MMCFD RLNG Total Gas Consumption in MMCFD RLNG Total Power 961 143 1,104 980 116 1,096 Domestic 777 0 777 801 – 801 Commercial 92 0 92 89 – 89 Transport (CNG) 155 17 172 150 43 193 Fertilizer 633 0 633 611 64 675 General Industry 594 15 609 613 187 800 Total 3,212 175 3,387 3,244 410 3,654 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] NATURAL GAS (million…
No doubt, the natural gas is a clean, safe, efficient and environment-friendly fuel. The global natural gas market is rising, driven by the accessibility of shale gas and the rise in the liquefied natural gas (LNG) trade. International research reports mention that LNG offers a viable route to monetize large gas reserves in remote locations like Sub-Saharan Africa, which have no significant markets nearby and only limited connectivity to existing demand centers. Experts noted that LNG is quickly playing a bigger role in the energy mix and the market for it is predicted to boost at around 5 percent yearly.…
Pakistan is very much rich in all sorts of natural resource and God has blessed us with awesome way. We have still yet untouched oil and gas reserves under the barren mountains of Balochistan and the sands of Sindh – we have coal, estimated at 175 billion tons. If the natural gas we found in Sui could have been used for power generation projects, there would have been no such phenomenon of ‘loadshedding’, and we would have been immensely developed. But unfortunately due to poor planning and ideas, we are unable to get proper energy and gas supplies for our…
US shares rallyafter fed report US stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year. The US central bank, looking past the recent stock market sell-off and inflation concerns, said it expected economic growth to remain steady and saw no serious risks on the horizon that might pause its planned pace of rate hikes. Investors largely expect the Fed to raise rates three times this year, beginning with its next meeting in March, the first under new Chair…
Clean tankers: platts east of Suez LR2 market steadies The East of Suez LR2 tanker market was steady Wednesday following fresh demand that supported the rates. The recent decline in rates had drawn several charterers leading to a slight uptick. Among the fixtures heard, the FS Endeavour was placed on subjects by Mitsubishi Chemicals at w86 for March 3 naphtha loading on the Persian Gulf-Japan route, sources said. Earlier this week, LR2 fixtures on this route were done around w81-82.5 but after the gains in LR1 rates, owners are seeking w95-100. In these circumstances, MCC may have found it prudent…
FEDERAL DECENTRALIZATION: REQUIREMENTS As a minimum the unit must contribute a profit to the company rather than merely contribute to the profit of the company. Federal decentralization has stringent requirements. Federal decentralization is applicable only where a company can truly be organized into a number of genuine “businesses.” This is its basic limitation. As a minimum the unit must contribute a profit to the company. And it must be a genuine profit determined by the objective judgment of the marketplace. Federal decentralization will work only if the top-management job is clearly defined and thought through. Federalization, if properly applied, makes…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Feb/18 110 Stock Market 42640 points Feb/18 42920 Government Bond 10Y 8.8 % Feb/18 8.8 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 12-Jan Friday 19-Jan Friday 26-Jan Friday 2-Feb Friday 9-Feb Friday 16-Feb DOLLAR Buying 112.2 112 112.15 111.8 111.5 111.6 Selling 112.5 112.3 112.45 112.1 111.8 111.9 POUND Buying 150.75 154.75 159 159 154 156.25 Selling 152.5 156.5 160.75 160.75 155.75 158 EURO Buying 134 136.5 138.75 139.25 135.25 138.5 Selling 135.2 137.7 139.95 140.45 136.45 139.7 CANADIAN $ Buying 88.5 89.5 90.5 91 88 88.5 Selling 89.35 90.35 91.35 91.85 88.85 89.35 JAP YEN Buying 0.98 0.98 0.98 0.99 0.98 1.02 Selling 1.01 1.01 1.01 1.02 1.01 1.05 HK $ Buying 14.05…
GROSS DOMESTIC PRODUCT OF PAKISTAN (at constant basic prices of 2005-06) ( Rs. Million) Sector/Industry 2011-12 2012-13 2013-14 2014-15F 2015-16R 2016-17P Commodity Producing Sectors (A+B) 4,033,110 4,102,807 4,245,893 4,400,070 4,533,524 4,726,757 Agricultural Sector ( 1 to 4 ) 2,048,794 2,103,600 2,156,117 2,202,043 2,208,087 2,284,561 1. Crops 832,128 844,860 867,133 868,494 825,348 850,273 2. Livestock 1,130,740 1,169,712 1,198,671 1,246,512 1,288,368 1,332,576 3. Forestry 42,874 45,695 46,555 40,761 46,592 53,344 4. Fishing 43,052 43,333 43,758 46,276 47,779 48,368 Industrial Sector ( 1 to 4 ) 1,984,316 1,999,207 2,089,776 2,198,027 2,325,437 2,442,196 1. Mining and Quarrying 283,727 294,727 298,856 313,707 335,241 339,747 2. Manufacturing…
The State Bank of Pakistan reported that Pakistan’s economy is well positioned to meet the GDP (Gross Domestic Product) growth target of 6.0 percent in FY2018. All three sectors of the economy namely; agriculture, construction and services are projected to contribute to the enhancing performance. Agriculture Sector AGRICULTURE REVIEW Details FY16 FY17 Target FY18 Estimates Growth (percent) Production (million tons) Cotton (million bales) Punjab 6.3 7 10 8.8 26.1 Sindh 3.5 3.8 4 3.7 -2.3 Rice Punjab 3.5 3.5 3.5 3.6 5 Sindh 2.6 2.7 2.6 2.9 9.5 Sugarcane Punjab 42 49.6 44 55 10.9 Sindh 18 18.3 19 18.7…
Economists mention in the different economic reviews that sustainable public finances are significant to attain fiscal discipline in any economy. Further, it supports fiscal policy to sustain macroeconomic stability and decline vulnerabilities. However, it is also equally significant to deal on both revenue and expenditure side. Economists also mentioned that in previous years, Pakistan’s fiscal sustainability faced many issues from all directions counting tax evasion, untargeted subsidies, resource depletion through PSEs, high and persistent fiscal deficit combined with low tax to GDP ratio and narrow tax base. These Issues coupled with delays in the implementation of key structural reforms for…
Pakistan’s KSE-100 climbs 685 points In a turn of events, the KSE-100 Index climbed north on the last day of the week, increasing 685 points as buying across the board helped it surpass the 43,500 mark. Bank and oil stocks led the rally, helping the benchmark shoot up 749 points in intra-day trading before minor profit-taking brought the index down. At close, the benchmark 100-share index recorded an increase of 684.75 points or 1.59 percent to settle at 43,627.10. Shares of 379 companies were traded. During the day, 259 stocks closed higher, 93 declined while 27 remained unchanged. The value…
Volume growth steady for US ports US ports are positioned for another solid year of growth, though the Trump administration’s evolving stance on both domestic and international trade is a long-term development worth a close watch, according to Fitch Ratings in its latest sector briefing. This after a strong 2017 in which ports on both coasts saw overall growth through the year. “Moving to larger ships and implementing operational alliances have helped drive volume growth on both coasts in 2017,” Emma Griffith, Director quoted as saying last week. “Overall volume growth averaged 7.7 percent on the East Coast and 6.3…
Oil near one-week high Oil prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their biggest weekly gain in six years. US West Texas Intermediate crude for March delivery CLc1 was up 6 cents at $61.40 a barrel by 1110 GMT, after touching a one-week high of $61.89. Activity was subdued as many Asian markets were closed for the Lunar New Year holiday. For the week, the US crude contract has risen about 4 percent after losing nearly 10 percent last week. London Brent crude LCOc1 was up 15 cents at $64.48.…
THE FEDERAL PRINCIPLE Federalism relieves top management from operating duties and sets it free to devote itself to its proper functions. What the enterprise needs is a principle that gives both the center and the parts genuine managerial functions and powers. This principle is federalism, in which the whole of the enterprise is conceived as made up of autonomous units. The federal enterprise and all its units are in the same business. The same economic factors determine the future of the whole as well as of all units; the same basic decisions have to be made for all of them;…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Feb/18 111 Stock Market 43353 points Feb/18 43690 Government Bond 10Y 8.8 % Feb/18 8.5 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 5-Jan Friday 12-Jan Friday 19-Jan Friday 26-Jan Friday 2-Feb Friday 9-Feb DOLLAR Buying 111.45 112.2 112 112.15 111.8 111.5 Selling 111.75 112.5 112.3 112.45 112.1 111.8 POUND Buying 149 150.75 154.75 159 159 154 Selling 150.75 152.5 156.5 160.75 160.75 155.75 EURO Buying 132.75 134 136.5 138.75 139.25 135.25 Selling 133.95 135.2 137.7 139.95 140.45 136.45 CANADIAN $ Buying 87.75 88.5 89.5 90.5 91 88 Selling 88.6 89.35 90.35 91.35 91.85 88.85 JAP YEN Buying 0.96 0.98 0.98 0.98 0.99 0.98 Selling 0.99 1.01 1.01 1.01 1.02 1.01 HK $ Buying 14.05…
PAKISTAN TRADES (Million US $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative a b Monthly Period to Period c d Monthly Period to Period a-c b-d 1970-71 683 — — — 1,187 — — -504 — 1971-72 625 — -8.6 — 954 — -19.6 -329 — 1972-73 766 — 22.6 — 889 — -6.8 -123 — 1973-74 1,020 — 33.1 — 1,493 — 67.9 -473 — 1974-75 978 — -4.1 — 2,114 — 41.6 -1,137 — 1975-76 1,162 — 18.9 — 2,139 — 1.2 -977 — 1976-77 1,132 — -2.6 –…
Economic managers urge that the role of exports as a significant driver of economic growth in all over the world is well recognized. That’s why every state strives hard to improve its exports capabilities because it directly impact in Gross Domestic Product (GDP). However that is not enough if not matched by equally significant measure — economic diplomacy. To improve the economic growth of Pakistan, we need to reinvigorate economic diplomacy in our foreign relations, particularly through our embassies. In a global perspective, the trade is chiefly conducted through regional groups/alliances. Pakistan is also a member of such regional arrangements…
Various research reports mentioned that trade is always a two-way exchange, but when undertaken freely, both parties are better off. This is as true when participants reside in dissimilar states as it is when they live in the same place. Studies also recorded that the imports do not decline or slow economic growth. Through fostering specialization and the transfer of technology, they lead directly to faster economic growth and development as well as enhanced standards of living. Unluckily, the advantages of specialization and technological progress do not accrue equally to everyone, and may worsen the economic lot of some people.…
US stocks rebound after posting wild week in two years US stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead. The sharp falls of the week confirmed the market was in a correction, down more than 10 percent from a Jan. 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their…
Oil slides towards weekly loss on excess supply worries Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high US crude output added to concerns about a sharp rise in global supplies. The drop came amid a rout in global equity markets sparked by inflation fears. Brent futures LCOc1 were down 64 cents at $64.17 a barrel by 1252 GMT. On Thursday, Brent fell 1.1 percent to its lowest close since Dec. 20. US West Texas Intermediate (WTI) crude CLc1 was down 90 cents at $60.25 a…
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…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Feb/18 111 Stock Market 44096 points Feb/18 43886 Government Bond 10Y 8.5 % Feb/18 8.5 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 29-Dec Friday 5-Jan Friday 12-Jan Friday 19-Jan Friday 26-Jan Friday 2-Feb DOLLAR Buying 110.8 111.45 112.2 112 112.15 111.8 Selling 111.1 111.75 112.5 112.3 112.45 112.1 POUND Buying 147 149 150.75 154.75 159 159 Selling 148.75 150.75 152.5 156.5 160.75 160.75 EURO Buying 130.5 132.75 134 136.5 138.75 139.25 Selling 131.7 133.95 135.2 137.7 139.95 140.45 CANADIAN $ Buying 86.5 87.75 88.5 89.5 90.5 91 Selling 87.35 88.6 89.35 90.35 91.35 91.85 JAP YEN Buying 0.96 0.96 0.98 0.98 0.98 0.99 Selling 0.99 0.99 1.01 1.01 1.01 1.02 HK $ Buying 14.05…
[ads2] CREDIT/LOANS CLASSIFIED BY BORROWERS* (Million Rupees) Description June-16 Dec-16 June-17 Dec-17P 1. Credit to Government Sector (A+B) 8,109,481 8,390,036 9,129,778 9,393,693 A. SBP Credit to Government Sector (Net) 1,454,173 2,367,886 2,339,102 2,356,675 Investment in Govt. Securities 2,071,967 3,094,104 2,521,427 2,622,892 Loans to Government 2,740 2,740 2,740 27,358 Others 8,581 8,681 9,668 9,581 Less: Govt. Deposits 629,116 737,638 194,733 303,156 B. Scheduled Banks Credit to Government Sector (Net) 6,655,308 6,022,150 6,790,676 7,037,018 Investment in Govt. Securities 7,240,110 6,799,954 7,676,004 8,029,063 Loans to Government 650,448 573,020 698,927 677,404 Less: Govt. Deposits 1,235,250 1,350,824 1,584,255 1,669,449 2. Credit to Non Governmnet…
In Pakistan, JS Bank (a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd) continues to boost its market share in terms of deposits, assets and non-funded income (NFI) businesses. JS Bank’s growth policy is based on innovative product development to better address client/customer needs, improving customer accessibility by branches, a robust technology network and strengthening of service quality to create a satisfying banking experience in the country. The management of the Bank leverages its superior partnerships with world class institutions to enrich customer experience and improve their ability to better serve the diverse needs of their customers. During nine months…
In any country, a well functioning payment system infrastructure is necessary in safeguarding financial stability, monetary system and also promoting economic activities. In our country, national payment systems have undergone important progresses and transformation that created an optimistic output towards less-cash society and future economic growth and development. The State Bank of Pakistan mentioned in the present statement that the Pakistan Real Time Interbank Settlement Mechanism (PRISM) is playing a main role in the financial infrastructure of Pakistan. It has 41 direct participants comprising of 29 commercial banks, 2 specialized banks, 2 MFBs, 7 DFIs and one non-bank i.e. CDC.…
Us stocks fall as rate worries offset good earnings Wall Street stocks declined early Thursday amid jitters over the prospects for higher interest rates and despite a trove of largely solid corporate earnings. About 15 minutes into trading, the Dow Jones Industrial Average stood at 26,075.39, down 0.3 percent. The broad-based S&P 500 dipped 0.2 percent to 2,818.14, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to 7,386.49. Microsoft edged up 0.2 percent after reporting a 12 percent rise in quarterly revenues to $28.9 billion thanks to gains in business services and cloud computing. But one-time charges connected to…
Mexican port posts historic high volume Mexican major port container volume increased 12.2 percent year on year to 6,375,338 million TEU in 2017 for the first time in history, according to Mexico’s Secretariat of Communications and Transportation (SCT). Terminals on the Pacific lifted 4,324,051 TEU, a year-on-year increase of 9.8 per cent with the Port of Manzanillo leading the National Port System with 2,830,370 TEU, up 9.8 percent. Lazaro Cardenas saw a three percent increase coming in at 1,149,079 TEU, ahead of Ensenada in third place on the Pacific, with 230,185 TEU, up 20 percent. Gulf of Mexico ports lifted…
Oil set for strongest January since 2013; wary of data Oil prices fell for a third day on Wednesday ahead of the possible first rise in US inventories in 11 weeks, but crude remained on track for its biggest gain in January in five years. Brent crude, the global benchmark, was down 20 cents at $68.82 a barrel by 1432 GMT, above a two-week low hit earlier in the day. US West Texas Intermediate (WTI) was down 14 cents at $64.36, adding to Tuesday’s losses. Despite Wednesday’s weakness, prices are still on track for a fifth month of gains and…
HOW TO USE OBJECTIVES Objectives are not fate; they are not direction. If objective are only good intentions, they are worthless. They must degenerate into work. And work is always specific, always has – or should have – clear, unambiguous, measurable results, a deadline, and a specific assignment of accountability. But objectives that become a straitjacket do harm. Objectives are always based on expectations. And expectations are, at best, informed guesses. The world does not stand still. The proper way to use objectives is the way an airline uses schedules and flight plans. The schedule provides for the 9AM flight…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Feb/18 111 Stock Market 44049 points Jan/18 44233 Government Bond 10Y 8.5 % Jan/18 8.5 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 22-Dec Friday 29-Dec Friday 5-Jan Friday 12-Jan Friday 19-Jan Friday 26-Jan DOLLAR Buying 110.25 110.8 111.45 112.2 112 112.15 Selling 110.55 111.1 111.75 112.5 112.3 112.45 POUND Buying 145.5 147 149 150.75 154.75 159 Selling 147.25 148.75 150.75 152.5 156.5 160.75 EURO Buying 129.25 130.5 132.75 134 136.5 138.75 Selling 130.45 131.7 133.95 135.2 137.7 139.95 CANADIAN $ Buying 84.25 86.5 87.75 88.5 89.5 90.5 Selling 85.1 87.35 88.6 89.35 90.35 91.35 JAP YEN Buying 0.96 0.96 0.96 0.98 0.98 0.98 Selling 0.99 0.99 0.99 1.01 1.01 1.01 HK $ Buying 14.05…
REAL GDP GROWTH RATES (%) Region/Country 2015 2016 2017 2018 (P) India 7.9 6.8 7.2 7.7 Bangladesh 6.8 6.9 6.9 7.0 Sri Lanka 4.8 4.3 4.5 4.8 Pakistan 4.06 4.5 5.3 6.0 [divider style=”normal” top=”20″ bottom=”20″] CLOTHING BRANDS OF PAKISTAN Gul Ahmed Sana Safinaz Pareesa Alkaram Masarrat Misbah Aamir Adnan Deepak Perwani Junaid Jamshed Thredz Maria B Generations Chinyere Khaadi Ego Needle Impressions Stylo Sapphire Siddiqsons [divider style=”normal” top=”20″ bottom=”20″] BRANDS AWARD WINNERS IN PAKISTAN 2015 – 2016 ARENA MULTIMEDIA SKF JUBILEE LIFE INSURANCE HEMANI ONE APPLY STEELEX ADAM’S PROPERTY LEGENDS FIRMAN PANTHER NAUNEHAL HERBAL GRIP WATER BRANDS MAGAZINE TOTAL…
As winter starts, our favorite fruit kinnow is seen at every fruit stall in Pakistan. Luckily, the country has a large number of farms which are processing superior quality kinnows according to the globally recognized standards. No doubt, the kinnow is a variety of citrus fruit cultivated extensively in Pakistan’s Punjab region since 1940 after Punjab Agriculture College and Research Institute, Faisalabad. A majority of Pakistan’s production comes from the Sargodha region where the fruits are produced and processed. It is calculated that there are approximately 200 processing units for kinnow mandarins in Pakistan, the majority of which are placed…
Different research studies revealed that in this dynamic era of marketing revolution and impact of marketing activities on the life of a common man, citizens became more brand conscious in most of the products/commodities. Before planning to buy a product, customers associate product with some particular factor counting quality, presentation, features and at times to country of origin (COO). Studies also revealed that final buyers/consumers analyze a product with two aspects of variables, some see the integral part of product as intrinsic variables which offer basis for intangible product personality and some are the external part of product as extrinsic…
Dow, S&P 500, Nasdaq surge Wall Street stocks were in full-throttle rally mode on Friday, with all three major indices surging to records following strong earnings reports from Intel and other companies. The Dow Jones Industrial Average rose 0.9 percent to finish the week at 26,616.71, its third straight record. The broad-based S&P 500 gained 1.2 percent to 2,872.87, and the tech-rich Nasdaq Composite Index jumped 1.3 percent to 7,505.77. The records follow numerous earlier equities milestones in the wake of US tax cuts enacted last month. Company earnings announcements over the last several days have signaled higher profits ahead,…
Strong capesize, panamax rates push baltic index higher The Baltic Exchange’s main sea freight index rose on Wednesday for the third straight session, supported by firmer rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 43 points, or 3.72 percent, at 1,200 points. The capesize index climbed 151 points, or 9.9 percent, at 1,676 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,273 to $13,421. The panamax index rose 52 points, or 3.7 percent, at 1,456…
Gold, silver prices pop on big US dollar drop Gold and silver prices are solidly higher in early US trading on Wednesday. Gold prices have scored a 4.5-month high. A sharply lower US dollar index that slumped to a 3.5-year low is providing the precious metals bulls with some rocket fuel. February Comex gold was last up $15.50 an ounce at $1,352.20. March Comex silver was last up $0.382 at $17.29 an ounce. Some upbeat economic data coming out of the European Union Wednesday helped to lift the Euro currency to a more-than-two-year high. Meantime, Nymex crude oil prices are…
LONG-RANGE PLANNING The future will not just happen if one wishes hard enough. The future requires decisions – now. It imposes risk – now. It requires action – now. It demands allocation of resources, and above all, of human resources – now. It requires work – now. The idea of long-range planning – and much of its reality – rests on a number of misunderstandings. The long range is largely made by short-run decisions. Unless the long range is built into, and based on, short-range plans and decisions, the most elaborate long-range plan will be an exercise in futility. And…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Jan/18 110 Stock Market 44844 points Jan/18 45063 Government Bond 10Y 8.5 % Jan/18 7.93 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 15-Dec Friday 22-Dec Friday 29-Dec Friday 5-Jan Friday 12-Jan Friday 19-Jan DOLLAR Buying 110.3 110.25 110.8 111.45 112.2 112 Selling 110.6 110.55 111.1 111.75 112.5 112.3 POUND Buying 146 145.5 147 149 150.75 154.75 Selling 147.75 147.25 148.75 150.75 152.5 156.5 EURO Buying 128 129.25 130.5 132.75 134 136.5 Selling 129.2 130.45 131.7 133.95 135.2 137.7 CANADIAN $ Buying 84.7 84.25 86.5 87.75 88.5 89.5 Selling 85.55 85.1 87.35 88.6 89.35 90.35 JAP YEN Buying 0.96 0.96 0.96 0.96 0.98 0.98 Selling 0.99 0.99 0.99 0.99 1.01 1.01 HK $ Buying 13.95…
PETROLEUM PRICES IN PAKISTAN (Rs./Ltr) Date HOBC Premium HS Diesel LS Diesel Kerosene Jan 01, 2018 73.35 81.53 89.91 58.37 62.3 Jun 01, 2017 72.68 72.8 81.4 44 44 Apr 03, 2017 72.68 74 84 44 44 Mar 01, 2017 72.68 73 83 44 44 Feb 01, 2017 72.68 70.29 79.48 43.35 43.25 [divider style=”normal” top=”20″ bottom=”20″] [divider style=”normal” top=”20″ bottom=”20″] THE AVERAGE SECTOR-WISE NATURAL GAS CONSUMPTION IN MILLION CUBIC FEET PER DAY (MMCFD) Sector For the Period July 1, 2015 To Feb 29, 2016 For the Period July 1, 2016 To Feb 28, 2017 Gas Consumption in MMCFD RLNG Total…
Attock Refinery Limited (ARL) is the pioneer of crude oil refining and always providing the best quality products in Pakistan. The Company is believed to sustain smooth supply of increased volumes of value-added and environment-friendly products and including its operations through upgraded state-of-the-art hardware in Pakistan. ARL’s officials said that the technical studies are under way for installation of Continues Catalytic Reformer for more improvement of Motor Gasoline specifications. The financial experts of ARL explained in the first quarter ended September 30, 2017 that the operations activities and financial results are encouraging. However, fluctuation in prices of product and crude…
To improve the oil & gas reserves in Pakistan, the present government is trying to attract firms to undertake new exploration and production activities. Thus, it is predicted that the local production of oil will enhance through new wells and also with exploration of unconventional oil and gas resource in Pakistan. Being a state-owned enterprise in the country, Oil and Gas Development Company Limited (OGDCL) is cognizant of the growing energy demands in Pakistan and in this regard is making all out attempts to optimize oil and gas production from its own and operated JV fields. In this pursuit, OGDCL…
European shares stutter as dollar weakens Most of Europe’s stock markets ran into profit-taking Thursday as the continent’s main currencies posted fresh gains against the dollar, weighing on export-heavy stocks, as the Wall Street rally also stalled. Paris ended the day flat despite Airbus shares rising 0.7 percent after Emirates Airlines struck a $16-billion deal to buy 36 Airbus A-380 superjumbos, having traded as much as three percent up on the day during the morning session. London also lapsed into the red as market participants eyed the strong pound, which weighs on the performance of multinational companies. The FTSE 100…
Container market still competitive With nearly 400 different vessel operators plying their trade worldwide there is plenty of competition and potential for more M&A activity. The collapse of freight rates during the second half of last year, far out of line with the underlying supply and demand fundamentals, suggests that carriers have not yet rid themselves of certain self-sabotaging traits and that talk of a new golden age for carriers was perhaps exaggerated. However, despite the recent developments, in the latest Container Forecaster report Drewry retains it view that the carriers are heading towards a brighter future, while also acknowledging…
Oil up on threats of rebel attacks in Nigeria, falling US crude stocks Oil prices rose on Thursday on a reported decline in US crude inventories, and as rebels in Nigeria threatened to attack the country’s petroleum infrastructure. However, prices stayed below recent three-year highs as fuel supplies remain ample and as refineries scaled back operations. Brent crude futures were at $69.56 at Asian trade, up 18 cents, or 0.3 percent, from their last close. On Monday, they hit their highest since December, 2014 at $70.37 a barrel. US West Texas Intermediate (WTI) crude futures were at $64.25 a barrel,…
Divestment In looking for a husband for your daughter, says an old proverb, don’t ask: “Who’ll make the best husband for her?” Ask instead: “For which kind of a man would she make a good wife?” Divestment is a “marketing” rather than a “selling” problem. The question is not: “What do we want to sell and for how much?” It is: “For whom is this venture ‘value’ and under what conditions?” The salient point if finding the potential buyer for whom what is misfit to the seller is a perfect, the buyer to whom the venture to be sold offers…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 111 Jan/18 111 Stock Market 43359 points Jan/18 42940 Government Bond 10Y 7.93 % Jan/18 8.5 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency Activity Friday 8-Dec Friday 15-Dec Friday 22-Dec Friday 29-Dec Friday 5-Jan Friday 12-Jan DOLLAR Buying 107.5 110.3 110.25 110.8 111.45 112.2 Selling 107.8 110.6 110.55 111.1 111.75 112.5 POUND Buying 144.25 146 145.5 147 149 150.75 Selling 146 147.75 147.25 148.75 150.75 152.5 EURO Buying 126 128 129.25 130.5 132.75 134 Selling 127.2 129.2 130.45 131.7 133.95 135.2 CANADIAN $ Buying 84 84.7 84.25 86.5 87.75 88.5 Selling 84.85 85.55 85.1 87.35 88.6 89.35 JAP YEN Buying 0.91 0.96 0.96 0.96 0.96 0.98 Selling 0.94 0.99 0.99 0.99 0.99 1.01 HK $ Buying 13.4…
CSR AWARD WINNERS IN PAKISTAN 2017 Abbas Steel Pvt Ltd Agha Steel Industries Albario Engineering Pvt Ltd Archroma Pakistan limited Kot Addu Power Company Arif Habib Commodities Asian Food Industries limited Atlas Honda limited Berger Paints Pakistan Ltd Lucky Cement Ltd Bestway Cement Ltd Bin Qutab Crown Group Diamond Jumbolon-Symbol Industries (Pvt) Ltd Mari Petroleum Company Ltd DP world Karachi Dr. Essa Laboratory & Diagnostic Center Engro Corporation Fatima Fertilizer Company Ltd. Mughal Iron & Steel Industries Ltd Fauji Fertilizer Bin Qasim Ltd Feroze 1888 Mills Ltd General Electric Sapphire Electric Power Plant Ghani Engineering System NBP Guls Studio Hi…
The Government of Pakistan has mentioned that labor force participation rate is predicted on the basis of Crude Activity Rate (CAR) and the Refined Activity Rate (RAR). The government’s statistics also show that labor force participation rate has slightly declined from 32.9 percent during FY2012-2013 to 32.3 percent in FY2014-2015. Statistics also showed that female labor force participation rate rose from 15.6 percent in FY2012-2013 to 15.8 percent in FY2014-2015 and the male labor force participation rate declined from 49.3 percent in 2012-13 to 48.1 percent in 2014 15. The government adepts also mentioned that women in the workforce can…
The health sector is a direct source of human welfare and also a tool for growing income levels in any economy. The industry experts mention a number of procedures by which health can affect income, focusing on worker productivity, children’s education, savings and investment, and demographic structure. As well as the impact of present illness, health may have large effects on prospective lifespans and life cycle behavior. It is said that the aggregate size of the world’s health sector is greater than US$ 5.8 trillion per year. It is also calculated that across the OECD states, employment in health and…
KSE-100 falls 462 points as correction continues The KSE-100 Index continued its fall for the second successive session as correction along with profit-taking dragged stocks in the red on the last day of the week. At close on Friday, the KSE-100 Index ended with a decrease of 461.56 points or 1.06 percent to finish at 42,933.72 points. TRG (-3.04%) and WTL (-3.45%) from the technology and communication sector were the major volume leaders of the day. Major laggards at the bourse were PSO (-3.88%), DGKC (-4.93%), OGDC (-1.41%), ENGRO (-1.69%) and UBL (-1.14%) contributing -158 points. Overall, trading volume decreased…
NWE, Persian Gulf ULSD vessels change course on less attractive US arbitrage Vessels heading to the US and Caribbean with ultra low sulfur diesel from the Baltics and the Persian Gulf have reversed course after the arbitrage, which some sources had said was challenging in the first place, faltered. The Amalia, a Primorsk-loaded Long Range 1 tanker initially headed to the Caribbean, double-backed on itself to discharge into Rotterdam on Sunday. Sources had been doubtful about the economics of the arbitrage from the Baltic and Europe more generally, saying it was dependent on vessels already on water in order to…
Oil retreats from $70 highs but set for fourth week of gains Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, but they were still on track to post a fourth straight week of gains. Brent crude futures LCOc1 traded 55 cents lower at $68.71 a barrel at 1253 GMT. The contract broke above $70 on Thursday for the first time since December 2014. US West Texas Intermediate (WTI) crude futures CLc1 were at $63.14 a barrel, down 66 cents. WTI the day before rose to its strongest since late…
The Failed Strategy Most of the people who persist in the wilderness leave nothing behind but bleached hones. When a strategy or an action doesn’t seem to be working, the rule is, “If at first you don’t succeed, try once more. Then do something else.” The first time around, a new strategy very often doesn’t work. Then one must sit down and ask what has been learned. Maybe the service isn’t quite right. Try to improve it, to change it, and make another major effort. Maybe, though I am reluctant to encourage this, you might make a third effort. After…
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. Economic indicators include various indices, earnings reports, and economic summaries. [ads1] PAKISTAN – ECONOMIC INDICATORS Overview Last Reference Previous Currency 110 Jan/18 110 Stock Market 43367 points Jan/18 43631 Government Bond 10Y 7.93 % Jan/18 7.93 GDP Annual Growth Rate 5.28 % Dec/16 4.58 GDP 284 USD Billion Dec/16 271 GDP Constant Prices 11777600 PKR Million Dec/16 11138200 Gross National Product 12465443 PKR Million Dec/16 11687052 Gross Fixed Capital Formation 1647268 PKR Million Dec/16 1558295 GDP per…
PAKISTAN MARKET INDICATOR EXCHANGE RATES Currency activity Friday 1-Dec Friday 8-Dec Friday 15-Dec Friday 22-Dec Friday 29-Dec Friday 5-Jan DOLLAR Buying 107.6 107.5 110.3 110.25 110.8 111.45 Selling 107.9 107.8 110.6 110.55 111.1 111.75 POUND Buying 143.35 144.25 146 145.5 147 149 Selling 145.1 146 147.75 147.25 148.75 150.75 EURO Buying 127.25 126 128 129.25 130.5 132.75 Selling 128.45 127.2 129.2 130.45 131.7 133.95 CANADIAN $ Buying 84.5 84 84.7 84.25 86.5 87.75 Selling 85.35 84.85 85.55 85.1 87.35 88.6 JAP YEN Buying 0.92 0.91 0.96 0.96 0.96 0.96 Selling 0.95 0.94 0.99 0.99 0.99 0.99 HK $ Buying 13.4…
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Various research studies have found that the food and beverage industry in any state; has an exclusive role in enlarging economic opportunity because it is important worldwide to human health and life needs. Industry experts revealed that the large firms understand both local and foreign markets, the nature of demand for foodstuffs, and therefore the bar that the poor must clear to market their goods. In addition, the key companies in the sector operate or strongly influence entire value chains from growers to consumers. That reach is chiefly powerful for creating economic opportunity because large firms can either link poor…
During nine months ended September 30, 2017, the management mentioned in its financial statement that the Company achieved a revenue of Rs27.1 billion as against to Rs33.9 billion Engro Foods is the largest and fastest growing companies in Pakistan with a vision to attain the domestic demands with products conforming to worldwide standards. The company is highly passionate about offering millions of people across the length and breadth of the country and beyond with the ultimate brand experience. Engro’s product portfolio consists some of the country’s biggest and best selling brands such as Olper’s, Olper’s Lite, Omore, Dairy Omung, Olper’s…
Pakistan stocks up 615.28 points Investors continued to buy stocks in droves as the KSE-100 Index registered a gain of 615.28 points or 1.47 percent to power past the 42,500 level. The gain meant the index ended positive for the 12th successive session, cumulatively adding 12.1 percent during the bullish run that started at the end of December. On Friday, trading began on a positive note with the KSE-100 Index witnessing a surge of 300 points in the first half. The buying spree continued when trading resumed after the mid-day break leading the index to hit an intra-day high of…
Port of Shanghai again breaks record lifting its 40 millionth TEU Shanghai International Port Group reached a record breaking 40 millionth TEU crossing its Yangshan dock on December 29, making the city’s port the first and only in the world to move that many containers in 2017. Shanghai lifted its first million TEU in 1994 and then surpassed 20 million TEU in 2006, then reaching 20 million TEU in 2010, at which time cargo throughput and container throughput ranked the first in the world. In 2011, Shanghai throughput exceeded 30 million TEU. Statistics show that 99 percent of the foreign…