At the end of first eight months of the tenure of the PML-N government, a campaign has been launched to demonstrate that the economy has already turned the corner and is well on the path to recovery. Various performance indicators have been used to justify this conclusion. But, it is important to realize that either some of these indicators have been wrongly measured or are subject to different interpretations.
The recently-released trade numbers by Pakistan Bureau of Statistics show that the import bill is contained for now. Total imports for the seven months ending January 2014 were merely 0.48 percent higher over the comparable period of last year.
There is a reason why the Securities and Exchange Commission of Pakistan (SECP) issues a press release about corporatisation levels achieved each month. But, there is also a reason why those press releases often get so little press; or sometimes no press at all.
In the Hollywood movie Wall Street, arguably the most famous drama film ever made on high finance, the protagonist Gordon Gekko up hails greed as driver of all economic progress. Gekko claims that “greed is good... it cuts through the essence of human spirit... [which] has marked the upward surge of mankind”.
In the run-up to the next-generation mobile spectrum auction due on April 7, BR Research would analyse a number of auction modalities, related telecom phenomena, and market propositions. However, at this point, uncertainty prevails over market response, and there are questions more than the answers.
The Federal and Provincial Budgets of current fiscal year envisaged a ig push on the development front as a part of the revival strategy with a combined PSDP of Rs1,155 billion. The larger share, 53 percent, was to be implemented by the four provincial governments and the remainder, 47 percent, by the Federal Government. The targeted growth in development spending was 60 percent over what was spent in FY13.
Bahria Town is perceived to be the best residential society in Rawalpindi and Islamabad despite the fact that it is at a considerable distance from the heart of the Capital. But, because of price differential, excellent town planning and innovation, Bahria Town has become the darling of capital citys inhabitants and had even outpaced the seasoned and influential developers--the DHA.