Gonzalo Varela from The World Bank identifies areas of improvement: – Reduce import duties on raw-materials to enable businesses to compete with India, Bangladesh, Cambodia and Vietnam. – Introduce sun-set clause: protect domestic industries “temporarily” from global competition so that they achieve the scale and efficiency with falling protection levels each year. Incentivise to “Think Global” – Promote… Continue reading Pakistan’s sustainable growth : Exports, Exports and Exports
Author: Anum Qudsia Siddiqui
Daily news: 18th-June-2020
Good Morning The State Bank of Pakistan (SBP) has reported that the government raised a collective amount of Rs186.8 billion from the auction of Pakistan Market Treasury Bills (T-bills), and Pakistan Investment Bonds (PIBs), with both auctions held on Wednesday. Sindh Chief Minister Syed Murad Ali Shah, who also holds the finance portfolio, presented a… Continue reading Daily news: 18th-June-2020
Daily news: 17th June 2020
Good Morning Authorities have formulated a plan to impose smart lockdowns in several coronavirus hotspots in Karachi’s East, West and Korangi districts, a notification issued from the Karachi Commissioner’s office on Tuesday says. The development came amid a sharp spike in the number of coronavirus cases in the megapolis. The city reported 1,854 cases and… Continue reading Daily news: 17th June 2020
KASB launches free online course on Investments and Financial Markets
We have launched a free online course on Investments and financial markets. It is a MOOC MasterClass in which 12 global experts from the US, the UK, Middle East and Hong Kong have given lectures on areas of their expertise and given advice to students on how to best prepare for a career in finance.… Continue reading KASB launches free online course on Investments and Financial Markets
KASB Corporate Access: Real Estate Investments 101-Understanding real estate valuation and investing
Time: Jun 18, 2020 05:00 PM Islamabad, Karachi, Tashkent
Join Zoom Meeting
https://us02web.zoom.us/j/85206573999
Meeting ID: 852 0657 3999
PIA implied annual loss of Rs 72bn ($440mn) born by taxpayers.
Pakistan Steel Mill: Government paid Rs 55bn over 5.5 years to bear losses. Total employees are down from 30,000 to 9,300 (with monthly salaries of Rs 700mn, these too are being laid off with Rs 20bn generous exit package). Total debt of Rs 230b/$1.5bn (forget the present values of the money lost or that could… Continue reading PIA implied annual loss of Rs 72bn ($440mn) born by taxpayers.
Daily news:16th June 2020
Good Morning With 62 new deaths due to novel coronavirus across the province during the last 24 hours, Punjab has become the first province to cross 1,000 deaths taking the provincial tally to 1,031.With spike in corona positive cases in Lahore, the provincial government has decided to start complete lockdown for 15 days from midnight… Continue reading Daily news:16th June 2020
Pakistan OMCs – Inventory losses looming amid disparity between oil prices
The news of petroleum shortage has been making rounds, with nearly all pumps, barring PSO’s, reportedly out of fuel inventory. The disparity between domestic petroleum prices set for Jun20 and the imported cost of oil is the prime reason for the shortage. Domestic prices set for Jun20 are estimated to be PKR 17/liter cheaper than… Continue reading Pakistan OMCs – Inventory losses looming amid disparity between oil prices
Breaking down the budget
No noise, no machoism and no bold promises. The federal budget, presented on June 12, 2020, sounded a lot more like a humble and sombre prayer wishing that the economy is able to shake off the disastrous ramifications of the pandemic. On the one hand, coronavirus cases are rising at an alarming pace in Pakistan, while on… Continue reading Breaking down the budget
Daily news: 15th-June-2020
Good Morning The market will likely be influenced by the Federal Budget 20-21, which largely unshot the expectations of the business community. The tax collection target for the FBR has been set at an ambition PKR 4.9tn with the introduction of any new taxation measures. Sector-wise relief also remained relatively limited. Therefore, the overall impact… Continue reading Daily news: 15th-June-2020
