-We think the key issues to look out for in 2Q20 results will be 1) The sensitivity of core income to the interest rates cut and 2) rise in provisions. -In 1Q2020, provisions for the sector increased by 8.9x Y/Y. We expect this trend to continue and provisioning expense to remain high in 2Q2020. Moreover,… Continue reading Pakistan Banking Sector Result Preview- Banks to post decent 2Q20 results despite of high provisioning
Author: Anum Qudsia Siddiqui
Daily news: 23rd July 2020
Good Morning The State Bank of Pakistan (SBP) has enhanced the financing limit of Renewable Energy Refinance Scheme by 100 percent from Rs 1 billion to Rs 2 billion aimed at further promoting and increasing the use of renewable energy. National Electric Power Regulatory Authority (Nepra) is all set to increase Discos’ tariffs under quarterly… Continue reading Daily news: 23rd July 2020
A saga of dominant currency paradigm and trade balance
According to the well-known Marshal-Lerner conditions, a depreciation in exchange rate leads to improvement in balance of trade only if the sum of elasticity of export and imports is greater than 1. This theory had its test of time and I also had the opportunity to test the conditions empirically using econometrics techniques for Pakistan… Continue reading A saga of dominant currency paradigm and trade balance
Key Takeaways from Simon Chisholm’s Investor Relations Webinar
From a corporate perspective, the higher management needs to be very sure of the reason why the business exists; that is, what needs is it servicing and how exactly does it create value. If corporates can better communicate and explain to fund managers, in layman terms, exactly what it is that differentiates them in terms… Continue reading Key Takeaways from Simon Chisholm’s Investor Relations Webinar
Daily news: 22nd July 2020
Good Morning Large scale manufacturing (LSM) contracted 10.3 percent for the first 11 months of the last fiscal year of 2019/20 as most of the industrial activities witnessed sharp decline during the period, official data showed on Tuesday. The current account deficit narrowed 77.9 percent to $2.97 billion in July-June FY2020 from $13.43 billion in the… Continue reading Daily news: 22nd July 2020
PIB Auction-21st July 2020
Feeble global recovery, despite massive fiscal supports!
The developed nations are also in a quagmire right now. First, it was the splash of cash to people & businesses. Stimulus worth 8-10% of GDP were a norm. Oh but that had an expiry. Despite the govt support, economies are still 20-30% behind the pre-covid days. This too is with crutches. The countries need… Continue reading Feeble global recovery, despite massive fiscal supports!
Daily news: 21st July 2020
Good Morning Rupee tumbled to an all-time low of 168.30 per US dollar in the interbank trade on Monday as surging oil payments exacerbated the market sentiments already dampened by uncertainty about resumption of stalled IMF loan program. All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Region Chairman Zahid Mazhar on Monday demanded to increase the allocation… Continue reading Daily news: 21st July 2020
Maintaining a Side Hustle
Anything that helps you earn money apart from your 9–5 job could be termed as a side hustle. When it comes to stock trading as a side gig, the return can even surpass the monetary gain secured from your primary work. While one’s trading strategy is majorly influenced by the investment objectives defined, those who… Continue reading Maintaining a Side Hustle
ADB/KASB Webinar on Accessing Global Debt Markets – Perspective of global fund managers
The Asian Development Bank Pakistan Resident Mission and KASB Securities are delighted to invite you for their second capital markets webinar on Accessing Global Debt Markets – Perspective of a Global Fund Manager. The speaker is Omar Soomro, EM Portfolio Manager (ex Autonomy Capital/More Capital).The webinar is on Thursday 23rd July at 4pm. The webinar… Continue reading ADB/KASB Webinar on Accessing Global Debt Markets – Perspective of global fund managers
