News stories for Dr Omer Javed

Reforming the power sector: undoing the neoliberal mindset

ARTICLE: "Pakistan has continued to suffer from inadequate capacity and other constraints, leading to large and...

Published 24 Jul, 2020 02:59am

Opinion

Oil market: issues and outlook

ARTICLE: From the start of the millennium - to be more precise since 1999 - till around the middle of 2008 when the...

Published 17 Jul, 2020 02:53am

Markets

Debt, deficits, and welfare during the pandemic

ARTICLE: 'The best way to predict your future is to create it' - Abraham Lincoln The global pandemic has pushed the...

Published 10 Jul, 2020 02:47am

Opinion

Covid-19 and 'disaster capitalism'

ARTICLE: Shock and awe are actions that create fears, dangers, and destruction that are incomprehensible to the...

Published 03 Jul, 2020 02:59am

Markets

'Economic war cabinet' - IK's finest hour in PM's office

ARTICLE: Covid-19 has unleashed a war-like situation for economies across the world. According to the International...

Published 26 Jun, 2020 03:34am

Opinion

Fragile oil markets

ARTICLE: As lockdowns ease globally oil demand has picked up, causing in turn a bounce-back in prices of both Brent...

Published 19 Jun, 2020 03:27am

Opinion

Managing the economics of a needed lockdown

ARTICLE: The pandemic has badly hurt the country's economy with real GDP growth rate, according to World Bank's...

Published 12 Jun, 2020 03:07am

Opinion

There were already discussions gaining momentum since the Global Financial Crisis 2007/08 in many policy corners of economy and politics globally - but still remained far from reaching any meaningful threshold in terms of consequences on three main areas

Updated 13 Jun, 2020 09:49pm

Opinion

A looming debt crisis

In his article in the New York Times on April 30, 2020, Prime Minister of Ethiopia and the 2019 Nobel Peace Prize winner Abiy Ahmed highlighted the fact that the temporary debt relief provided by G20 group of countries, however a welcome step, it was not

Published 22 May, 2020 12:03am

Opinion

A post-Covid-19 world

Major wars and pandemics, are the sort of happenings that change the world as we know it before they have happened. The Black Death lead to massive deaths in the Middle Ages, also it broke the back of feudalism and created a working class. On the positive

Published 15 May, 2020 12:05am

Opinion

Covid-19 and 'Green New Deal' - II

The developing countries are not doing much different from the rest. There is no discussion to plan even reform and support packages that bail workers out on a large scale, and not the big businesses; a reform plan that revisits the economic model towards

Published 08 May, 2020 12:05am

Opinion

Covid-19 and 'Green New Deal' - I

The multiple failings of neoliberal agenda since its beginnings in the late 1970s - manifested in economic policies, including those of structural adjustment programmes by multilateral institutions like International Monetary Fund (IMF) and backed by mani

Published 01 May, 2020 12:54am

Opinion

Unprecedented global oil market turmoil and Pakistan

Global lockdowns have resulted in a drastic reduction in oil demand. A long and painful deliberative process to cut the global supply of oil by OPEC+ group of major oil exporting countries, each vying for greater oil revenues and lesser proportion of cutt

Published 24 Apr, 2020 02:52am

Opinion

Global economic prospects under Covid-19 crisis

Covid-19 has badly exposed the lack of interdisciplinary approach of mainstream economics - the theoretical basis for widely practiced economic policy, both at the level of most countries and multilateral institutions - whereby, as a result, the economic

Published 17 Apr, 2020 12:00am

Opinion

Economic crisis in developing countries: some solutions

While the developed countries are feeling the heat in terms of meeting public-health needs with regard to COVID-19, the developing countries were a lot less prepared for the pandemic. With narrow social safety net programmes, both in terms of coverage and

Published 10 Apr, 2020 12:00am

Opinion

Coronavirus and economic policy

First of all it makes sense to realize that the COVID-19 just did not hit the world from out of the blue. In fact, according to a research article 'Coronavirus: a paradigm of new emerging zoonotic diseases' which was recently published in February 2020, i

Updated 03 Apr, 2020 09:22am

Opinion

Coronavirus and debt relief

The Managing Director (MD) of the International Monetary Fund (IMF), Kristalina Georgieva, recently made a statement in the meeting G20 finance ministers and central bank governors, in which she highlighted the severe impact of the virus in terms of human

Published 27 Mar, 2020 12:00am

Opinion

Public service reforms - IV

In the spirit of e-governance, and interconnectedness through the use of IT, public service officers should have a 'standardized online account.' The account should be maintained by Nadra (National Database and Registration Authority), and levels of acces

Published 20 Mar, 2020 12:00am

Opinion

Public service reforms - III

In order to allow for the transition to a unified single public service, those who are currently working as civil servants will be automatically admitted into the fast stream. The proposed federal recruitment commission holds consultation with each civil

Published 13 Mar, 2020 12:00am

Opinion

Public service reforms - II

Parliaments at the federal and provincial levels should make laws pertaining to the formulation of respective recruitment commissions (indicated in part-I of this series of articles by this writer) so that the needed shape and legitimacy could be obtained

Published 06 Mar, 2020 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 6	279.87
USD PKR Interbank Buying / Mar 6	279.67
USD to Japanese Yen / Mar 6	147.69
USD to Swiss Franc / Mar 6	0.88
Pound Sterling to USD / Mar 6	1.29
Euro to USD / Mar 6	1.08
UK LIBOR % / Mar 6	4.96

Stock	Volume
S&P 500 / Mar 6	5,738.52
India Sensex / Mar 6	74,340.09
Tokyo Nikkei / Mar 6	37,008.43
Nasdaq / Mar 6	18,069.26
Hang Seng / Mar 6	24,277.85
FTSE 100 / Mar 6	8,682.84
Dow Jones / Mar 6	43,579.08
Germany DAX 30 / Mar 6	23,419.48
France CAC40 / Mar 6	8,197.67

Item	Value
Crude Oil USD/Barrel / Mar 6	66.49
Karachi Cotton PKR/37.32 KG / Mar 6	17,785
Gold 10 Grams PKR / Mar 6	260,630
Gold Spot USD/Ounce / Mar 6	2,908.29
Cotton US¢/pound / Mar 6	65.21
Petrol/Litre / Mar 7	255.63
Diesel/Litre / Mar 7	258.64

Gainers
Losers
Leaders

Stock	Price
Organic Meat (R) / Mar 6 The Organic Meat Company Limited (R)(TOMCLR)	3.93 ▲ 1 (34.13%)
F.Credit & Inv / Mar 6 First Credit and Investment Bank Limited(FCIBL)	8.28 ▲ 0.93 (12.65%)
J.K.Spinning / Mar 6 J.K. Spinning Mills Limited(JKSM)	75.20 ▲ 6.84 (10.01%)
Power Cem(Pref) / Mar 6 Power Cement (Pref)(POWERPS)	14.44 ▲ 1.31 (9.98%)
First Elite Cap.Mod / Mar 6 First Elite Capital Modaraba(FECM)	11.48 ▲ 1.04 (9.96%)
Khairpur Sug. / Mar 6 Khairpur Sugar Mills Limited(KPUS)	129.98 ▲ 11.76 (9.95%)
LSE Financial Serv. / Mar 6 LSE Financial Services Limited(LSEFSL)	18 ▲ 1.6 (9.76%)
Imperial Limited / Mar 6 Imperial Limited(IML)	18.10 ▲ 1.6 (9.7%)
Int. Knit. / Mar 6 International Knitwear Limited(INKL)	19.89 ▲ 1.74 (9.59%)
Ideal Sp. / Mar 6 Ideal Spinning Mills Limited(IDSM)	15 ▲ 1.29 (9.41%)

Stock	Price
Sindh Abadgar / Mar 6 Sindh Abadgar's Sugar Mills Limited(SASML)	50.20 ▼ -5.56 (-9.97%)
Sakrand Sugar / Mar 6 Sakrand Sugar Mills Limited(SKRS)	12.37 ▼ -1.37 (-9.97%)
Apna Microfin. / Mar 6 Apna Microfinance Bank Limited(AMBL)	10.22 ▼ -1.13 (-9.96%)
Shadman Cotton / Mar 6 Shadman Cotton Mills Limited(SHCM)	27.01 ▼ -2.69 (-9.06%)
First IBL Mod. / Mar 6 First IBL Modaraba(FIBLM)	2.78 ▼ -0.27 (-8.85%)
Sapphire Textile / Mar 6 Sapphire Textile Mills Limited(SAPT)	1,180 ▼ -108.4 (-8.41%)
Pak Gen.Ins. / Mar 6 The Pakistan General Insurance Co. Ltd.(PKGI)	8.75 ▼ -0.78 (-8.18%)
Gillette Pak / Mar 6 Gillette Pakistan Limited(GLPL)	148 ▼ -13.13 (-8.15%)
Blessed Tex. / Mar 6 Blessed Textiles Limited(BTL)	281 ▼ -24 (-7.87%)
Grays Leasing / Mar 6 Grays Leasing Limited(GRYL)	4.52 ▼ -0.37 (-7.57%)

Stock	Volume
Pak Int.Bulk / Mar 6 Pakistan International Bulk Terminal(PIBTL)	53,572,239 ▲ 0.46
Fauji Cement / Mar 6 Fauji Cement Company Limited(FCCL)	28,002,533 ▲ 2.04
WorldCall Telecom / Mar 6 Worldcall Telecom Limited(WTL)	23,567,256 ▲ 0.02
Maple Leaf Cement / Mar 6 Maple Leaf Cement Factory Limited(MLCF)	19,317,399 ▲ 1.56
Oil & Gas Dev. / Mar 6 Oil & Gas Development Company Limited(OGDC)	17,968,303 ▲ 10.69
Pak Petroleum / Mar 6 Pakistan Petroleum Limited(PPL)	16,507,306 ▲ 12.54
Sui South Gas / Mar 6 Sui Southern Gas Company Limited(SSGC)	13,598,406 ▲ 1.3
B.O.Punjab / Mar 6 The Bank of Punjab(BOP)	13,464,928 ▲ 0.3
Sui North Gas / Mar 6 Sui Northern Gas Pipelines Limited(SNGP)	11,312,267 ▲ 7.8
Power Cement / Mar 6 Power Cement Limited(POWER)	10,979,264 ▲ 0.18

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