Good Morning The country’s current account balance recorded a surplus of $13 million in May 2020, as compared to the deficit of $1.004 billion recorded in May 2019, according to data released by the State Bank of Pakistan on Wednesday. The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan… Continue reading Daily news: 25th June 2020
Author: Anum Qudsia Siddiqui
Current Account register surplus of $13mn in May’20
State Bank of Pakistan released the current account data for May’20. Current Account registered a surplus of $13mn in May’20. This was the second time in FY20 that Current Account turned into surplus after $72mn in Oct’19. In the 11MFY20 period, Current Account Deficit declined by 74% from $12.5bn in 11MFY19. Current Account Deficit as… Continue reading Current Account register surplus of $13mn in May’20
Daily news:24th June 2020
Good Morning The rupee fell to almost two-and-a-half month low of 167.65 against the US dollar in the interbank trade on Tuesday as investors and companies rushed to cover a shortage of the US currency before the fiscal year end, dealers said. Ismail Suttar, President of the Apex Body of Manufacturers, The Employers Federation of… Continue reading Daily news:24th June 2020
Technical Analysis for laymen
With the COVID-19 situation showing little to no signs of abating anytime soon, home offices, online classes, and webinars are fast becoming part of ‘the new normal’. Ever-dedicated to carve out opportunities from threats, KASB Securities launched the KASB Varsity initiative not too long ago, which at the time of this article being written, boasts… Continue reading Technical Analysis for laymen
FORMALISING THOUGHT PROCESS: HOW TO INVEST
The outcome of an investment largely depends on the selection of stocks, pretty much make or break thing. That is why during this whole process, a large chunk of time and effort should be allocated in finding the right scrips ensuring the desired result to a great extent. Probably, the biggest mistake an investor in… Continue reading FORMALISING THOUGHT PROCESS: HOW TO INVEST
Daily news: 23rd-June-2020
Good Morning The Minister for Planning, Development and Special Initiatives, Asad Umar, on Monday briefed that as many as 549 lockdowns were imposed across the country. Pakistan’s outstanding debts as of May 31, 2020 stand at Rs.22.71 trillion whereas total debt at the end of prior month was Rs.21.89 trillion, meaning that around Rs.820.97 billion were… Continue reading Daily news: 23rd-June-2020
Pakistan Macro Blog: Where are the retail investors?
Dear Friends,On résiste à l’invasion des armées; on ne résiste pas à l’invasion des idées (No army can stop an idea whose time has come) – Victor Hugo Retail investors are driving the global markets. While many businesses are hurt by the lock down, volumes are booming for brokers and exchanges. The Financial Times published this… Continue reading Pakistan Macro Blog: Where are the retail investors?
Introduction to Technical Analysis – and the outlook for Pakistan stock market
Pakistan’s top foreign investors quitting – what’s the matter?
ENI has been one of the top on-shore and off-shore Energy player. The Italian company has had a 20 year history in Pakistan and has been at the forefront in creating jobs, exploration and production in energy deficient country. Reasons to pack-up could vary from consolidating global operations after energy transition, poor commercial returns in… Continue reading Pakistan’s top foreign investors quitting – what’s the matter?
Pakistan signs $1.5bn loans after austerity budget – FX reserves to improve
Granted, taking loans is something not to be proud of. But if the glass is half full, the willingness of lenders to give you loans “qualifies” you worthy of repayment, in their point of view. Many countries, Argentina, Venezuela & Ukraine have had economic crises worse than Pakistan. The “tough” budget certifies that Pakistan wants… Continue reading Pakistan signs $1.5bn loans after austerity budget – FX reserves to improve
