News stories for Dr Omer Javed

In 1871, President Ulysses S. Grant of the US appointed Dorman B. Eaton as the chair of the first Civil Service Commission, who later went to England in 1875 to study the civil service system of Britain. Upon conclusion of his studies, Eaton produced a re

Published 28 Feb, 2020 12:00am

Opinion

The cost of confused macroeconomic policy

It seems to be a chicken and egg situation: inflation will fall first; only then will State Bank of Pakistan (SBP) lower its policy rate, or the policy rate will drop before inflation rate falls. In other words, it is impossible to decide which of two thi

Published 21 Feb, 2020 12:00am

Opinion

Policy imperatives for equitable growth and human well-being

No doubt, the current account deficit has tremendously narrowed down on the back of drastic decline in imports. That allows build-up of reserves and so does the increase in portfolio investment that is witnessing an upward trend over the last few months l

Published 14 Feb, 2020 12:00am

Opinion

Global economic prospects and Pakistan

The United Nations Department of Economic and Social Affairs (UN DESA), along with some other related departments of the United Nations (UN) recently launched their flagship report 'World Economic Situation and Prospects 2020'. According to the Secretary-

Published 07 Feb, 2020 12:00am

Opinion

Price rationalization - II

The proposed Price Commission for Agricultural Sector (PCAS) should also try to ensure minimization of price shocks related with commodity supply chain disruptions - both voluntary (hoarding practices) and involuntary (climate change).

Published 24 Jan, 2020 12:00am

Opinion

Price rationalization - I

Prices determine the level of affordability for consumers, and work as an incentive for producers. Market imperfections deter goods, commodities and services from reaching true price signals. Given these imperfections, governments need to intervene in mar

Published 17 Jan, 2020 12:00am

Opinion

Commercializing Pakistan Railways - II

A 'line-of-business' structure is generally adopted by commercial railways to align markets in the rail industry towards achieving utmost customer- both passenger and freight related- satisfaction. Under this structure, while there may be one organization

Published 10 Jan, 2020 12:00am

Opinion

Commercializing Pakistan Railways - I

Pakistan Railways (PR), a State-Owned Enterprise (SOE) under the Ministry of Railways (MoR), which has been working as a natural monopoly has not been able to pay adequate attention to improving its service for consumers - passengers and freight - for the

Published 03 Jan, 2020 12:00am

Opinion

Conflict in IMF programme

The report on the first review of the Extended Fund Facility (EFF) programme was launched by International Monetary Fund (IMF) recently, through which it expressed its satisfaction with the progress of the programme; releasing in turn a tranche to Pakista

Updated 27 Dec, 2019 09:02am

Opinion

A regulatory framework for Pakistan Railways - III

Regulation is basically done through tools called 'regulatory instruments' where it is essential that proper mandate in this regard is provided in the underlying legislation that establishes the regulator of railways. The mandate should be in the shape of

Updated 20 Dec, 2019 05:24am

Opinion

A regulatory framework for Pakistan Railways - II

Pakistan Railways (PR) has been working more or less like a monopoly with very little participation of private sector. Hence, there is very little competition being faced by PR. In these circumstances, it should be the responsibility of the proposed Econo

Published 13 Dec, 2019 12:00am

Opinion

A regulatory framework for Pakistan Railways - I

Pakistan Railways (PR) is a state-owned enterprise (SOE) under the Ministry of Railways (MoR). While up till the 1970s it operated as the main mode of transportation, both in terms of freight and passenger transport, but over the years since then, its det

Updated 06 Dec, 2019 07:19am

Opinion

Approaching optimal SEZs - II

Pakistan is indeed fortunate to be a part of one of the main projects in the shape of CPEC (China Pakistan Economic Corridor) under the overall Belt and Road Initiative (BRI); especially in terms of evolving special economic zones (SEZs). This is because

Updated 22 Nov, 2019 06:29am

Opinion

Approaching optimal SEZs - I

The government intends to pick up the pace on Special Economic Zones (SEZs). This indeed is important for infusing energy into the lacklustre performance of both large-scale manufacturing and the stubbornly low and undiversified exports. Moreover, this wi

Published 15 Nov, 2019 12:00am

Opinion

Doing business report and beyond - III

Individual aspects of the Index for 2019 highlight, among other things, that within rule of law, all three factors - property rights (with score 41.5, where all scores are graded on a scale of 0 to100; representing a situation of completely unfree and tot

Updated 14 Nov, 2019 09:01am

Opinion

Doing business report and beyond - II

Unlike the Doing Business Report of the World Bank, which primarily focuses on business regulations, the report, 'Index of Economic Freedom', produced by the Heritage Foundation, estimates the overall economic freedom index (EFI) of a country, covering mu

Updated 08 Nov, 2019 08:51am

Opinion

Doing business report and beyond - I

The World Bank launched its annual flagship 'Doing Business 2020' report, 17th edition in the series, which compares/ranks 190 economies in terms of 'ease of doing business', covering data up to May 1, 2019; broadly across 12 business regulations with sub

Published 01 Nov, 2019 12:00am

Opinion

IMF's flagship economic surveys and Pakistan

Recently, two flagship surveys were released by the International Monetary Fund (IMF). Firstly, the World Economic Outlook (WEO) which usually appears in April and September/October. It presents IMF staff economists' analyses of global economic developmen

Updated 25 Oct, 2019 07:03am

Opinion

Global Competitiveness Report and Pakistan - II

While Pakistan dropped three places from its 2018 GCI (Global Competitiveness Index) ranking of 107th to 110th, the region of South Asia (SA) as a whole could only improve its median competitiveness performance by 0.08% - the least improvement for any reg

Updated 18 Oct, 2019 05:29am

Opinion

Global Competitiveness Report and Pakistan - I

The World Economic Forum (WEF) has launched the 2019 edition of the Global Competitiveness Report (GCR). The Report was first launched in 1979; its current edition analyzes the performance of 141 countries which, according to the Report, constitutes about

Updated 11 Oct, 2019 05:04am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 7	280.03
USD PKR Interbank Buying / Mar 7	279.78
USD to Japanese Yen / Mar 7	147.73
USD to Swiss Franc / Mar 7	0.88
Pound Sterling to USD / Mar 7	1.29
Euro to USD / Mar 7	1.08
UK LIBOR % / Mar 6	4.96

Stock	Volume
S&P 500 / Mar 6	5,738.52
Nasdaq / Mar 6	18,069.26
Dow Jones / Mar 6	43,579.08
India Sensex / Mar 7	74,478.53
Tokyo Nikkei / Mar 7	36,894.23
Hang Seng / Mar 7	24,558.34
FTSE 100 / Mar 7	8,631.91
Germany DAX 30 / Mar 7	23,117.01
France CAC40 / Mar 7	8,112.97

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 6	17,785
Gold 10 Grams PKR / Mar 6	260,630
Crude Oil USD/Barrel / Mar 7	66.30
Gold Spot USD/Ounce / Mar 7	2,907.79
Cotton US¢/pound / Mar 7	65.05
Petrol/Litre / Mar 8	255.63
Diesel/Litre / Mar 8	258.64

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Mar 7 Premier Insurance Limited(PINL)	5.49 ▲ 0.61 (12.5%)
Tariq Corp.Pref. / Mar 7 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.42 ▲ 0.92 (12.27%)
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	29.23 ▲ 2.66 (10.01%)
Ahmad Hassan / Mar 7 Ahmad Hassan Textile Mills Limited(AHTM)	59.40 ▲ 5.4 (10%)
Pak Datacom / Mar 7 Pak Datacom Limited(PAKD)	99.54 ▲ 9.05 (10%)
Apna Microfin. / Mar 7 Apna Microfinance Bank Limited(AMBL)	11.25 ▲ 1.02 (9.97%)
PIA Holding Co.B / Mar 7 PIA Holding Company Limited B(PIAHCLB)	827 ▲ 74.61 (9.92%)
Engro Poly(Pref / Mar 7 Engro Poly(Pref)(EPCLPS)	12.21 ▲ 1.1 (9.9%)
Masood Textile / Mar 7 Masood Textile Mills Limited(MSOT)	61 ▲ 5.45 (9.81%)
Pak Paper Prod / Mar 7 Pakistan Paper Products Limited(PPP)	183 ▲ 15.42 (9.2%)

Stock	Price
Int. Knit. / Mar 7 International Knitwear Limited(INKL)	17.89 ▼ -1.99 (-10.01%)
Ellcot Spinning / Mar 7 Ellcot Spinning Mills Limited(ELSM)	106.78 ▼ -11.86 (-10%)
Universal Ins. / Mar 7 The Universal Insurance Company Limited(UVIC)	9.01 ▼ -1 (-9.99%)
Unicap Modaraba / Mar 7 Unicap Modaraba(UCAPM)	3.05 ▼ -0.3 (-8.96%)
Power Cem(Pref) / Mar 7 Power Cement (Pref)(POWERPS)	13.15 ▼ -1.29 (-8.93%)
Pak. P.V.C. / Mar 7 Pakistan PVC Limited(PPVC)	8.28 ▼ -0.72 (-8%)
Agritech Limited / Mar 7 Agritech Limited(AGL)	54 ▼ -4.59 (-7.83%)
Invest Bank / Mar 7 Invest Capital Investment Bank Limited(ICIBL)	1.40 ▼ -0.1 (-6.67%)
Hafiz Ltd. / Mar 7 Hafiz Limited(HAFL)	265.06 ▼ -16.62 (-5.9%)
Reliance Cotton / Mar 7 Reliance Cotton Spinning Mills Limited(RCML)	480.36 ▼ -29.01 (-5.7%)

Stock	Volume
Fauji Cement / Mar 7 Fauji Cement Company Limited(FCCL)	57,186,347 ▲ 3.47
Pak Int.Bulk / Mar 7 Pakistan International Bulk Terminal(PIBTL)	48,305,211 ▼ -0.16
Sui South Gas / Mar 7 Sui Southern Gas Company Limited(SSGC)	23,565,729 ▲ 1.42
WorldCall Telecom / Mar 7 Worldcall Telecom Limited(WTL)	22,575,994 ▼ -0.01
Maple Leaf Cement / Mar 7 Maple Leaf Cement Factory Limited(MLCF)	22,361,248 ▲ 2.07
Oil & Gas Dev. / Mar 7 Oil & Gas Development Company Limited(OGDC)	18,047,822 ▲ 0.84
Pak Petroleum / Mar 7 Pakistan Petroleum Limited(PPL)	16,644,912 ▲ 2.4
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	14,546,590 ▲ 2.66
B.O.Punjab / Mar 7 The Bank of Punjab(BOP)	13,546,949 ▲ 0.1
P.S.O. / Mar 7 Pakistan State Oil Company Limited(PSO)	12,439,221 ▲ 24.96

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