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The Competition Commission of Pakistan last week issued a policy note to the Federal Government in which it recommends that the government should reconsider its recent imposition of Regulatory Duty of 15 percent on the import of steel billets.
Like it or not, this is an era of broadband speeds impacting mood swings. So, it had seemed like a comical misunderstanding when, early last year, Pakistani telecom authorities required the potential 3G licensees to provide a minimum of 256Kbps of internet speed. Many telecom observers took umbrage at this petty threshold, urging a break from the sluggish, DSL-era speeds.
Earlier this month, President Obama came closest to secure the biggest legacy any US president can ever hope for. The United States, Japan and other ten countries concluded negotiations on the Trans-Pacific Partnership (TPP). TPP is the biggest regional free trade deal in history and if approved it will set new terms for the trade of nearly $28 trillion in trade and investment between the countries under the agreement.
More trouble brews for our struggling textile industry; as of October 01, the PCGA reported a 26 percent decline in cotton arrivals year-on-year. The crop has suffered losses due to heavy rain and floods in Sindh and Punjab. It was also reported earlier that the overall production outlook is lowered to 13.3 million bales from the earlier optimistic anticipation of 15.5 million bales.
The positive externality of the low oil prices has helped the Finance Ministry to build foreign exchange reserves (crossed $20bn) and let the currency remain in its desirable band. The lesser hours of power load shedding are also partially attributable to low oil prices which has provided space to produce more electricity without the threat of ballooning circular debt, too soon.
Finally some insight on real estate market! And this is another one of the benefits of a real estate portal. The recent Market Report shared by the countrys largest online property portal - - with BR Research has some trends and findings worth an overview.
The first quarter of FY16 is behind us and the sales tallies reported by the major manufacturers in the domestic market shows little change from the trends that have set in over the past few months.
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Index Closing Chg%
Arrow DJIA 17,081.89 0.29
Arrow Nasdaq 4,796.61 0.87
Arrow S&P 2,003.69 0.68
Arrow FTSE 6,342.28 0.45
Arrow DAX 10,032.82 0.86
Arrow CAC-40 4,643.38 0.97
Arrow Nikkei 18,234.74 1.11
Arrow H.Seng 22,600.46 0.57
Arrow Sensex 26,846.53 0.21

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln