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Pakistan has always been at the crossroads of something or the other. The society of peoples is just not coming through. Why are we not moulding ourselves in to a well knit society? With no significant social scientists around there will always be skeptics around who will just not diagnosis anything and if the diagnose is not there then there will be a lot of loyal shouting on the TV. Reason is not the handmaiden of any political party and if there was a poll on the issue the government party would come well below the others. There is always the anti-incumbency situation in the country.

Beyond the iron gates of the derelict pesticide plant where one of the world's worst industrial disasters occurred, administrative buildings lie in ruins, vegetation overgrown and warehouses bolted. Massive vessels, interconnected by a multitude of corroded pipes that once carried chemical slurries, have rusted beyond repair. In the dusty control room, a soiled sticker on a wall panel reads "Safety is everyone's business".
A lush expanse of Amazon rainforest known as the "Mother of God" is steadily being destroyed in Peru, with the jungle giving way to mercury-filled tailing ponds used to extract the gold hidden underground. Locals describe the area as a tropical Wild West where tens of thousands of desperate fortune-hunters have set up camp around improvised mines that operate around the clock, use heavy machinery to rake open the land and leech toxic chemicals into the ground.
"I was upset at what Chaudhry Nisar said?"
Our rulers blindly follow United States of America in most of those matters, where their personal interests are involved, but not in areas where public welfare can be achieved. In the wake of American Recovery and Reinvestment Act of 2009, the US government achieved remarkable strides in clean energy economy through favourable taxation and subsidies. The result is dawn of a day when wind and solar energy is being produced at cost equal to conventional sources like coal and natural gas. According to a report in The New York Times, "the cost of providing electricity from wind and solar power plants has plummeted over the last five years, so much so that in some markets, renewable generation is now cheaper than coal or natural gas." It is an extraordinary achievement made possible through generous subsidies and tax credits. The report says that "recent analyses show that even without those subsidies, alternative energies can often compete with traditional sources". This holds a bright future for renewable energy sources.
Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters. Prices paid in Europe for fast-moving consumer goods rose at their slowest pace since 2010 in the third quarter, and fell in Spain, France and Italy, according to consumer data firm Nielsen, weighing on retailers' revenues and share prices.
China is the new El Dorado for US automakers looking to develop sales of their luxury brands, which globally are lagging behind German and Japanese competitors. General Motors, the largest US automaker, already sells more cars in China each month than it does in its home market and expects that to continue. "Our joint ventures in China are working to boost production capacity by 30 percent to more than five million units annually by 2015," GM executive Mary Barra told the firm's annual shareholders meeting.

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln