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The ten-month large scale manufacturing growth number for fiscal year 2015 has settled at 2.94 percent. Thats much less than year-on-year growth of 4.5 percent and 3.9 percent in the preceding two year-ago periods.
Late last year, the Competition Commission of Pakistan (CCP) initiated an inquiry against the three car assemblers; INDU, PSMC and HCAR for colluding to limit competition in auto repairs, spare parts and paint job services as well as in hiring resources among the dealership network.
Few would disagree that all is not well with democracy in Pakistan. As per the latest Democracy Monitor (2015), which was released by the democracy watchdog Pildat (Pakistan Institute of Legislative Development and Transparency), events between June 2014 and May 2015 mark an "absolute trough for Pakistans democracy".
It isn exactly news that the price of sugar has gone up. Despite the Ramadan bazaars and the governments lukewarm efforts to appease the masses, many are worried about the recent price hike of Rs5 to Rs63 per kg (Punjab). But neither the millers nor the retailers are to blame; the heart of the problem lies - as is often the case - inadequate and inefficient government policies.
Congratulations are in order. According to Business Recorder report last Saturday, Prime Minister Nawaz Sharif has decided to give performance targets to every ministry, and, to start with, he is soon expected to sign performance contracts with the ministers of each of the ten important ministries. (See: BR story Performance contracts with ministries: government takes novel steps to improve governance, for the list of those ten ministries)
It is official. K-Electric will shed the load for all and sundry, at least for now. Not that the citizens will now go through something they have not been going through for the past ten days. Only that it is now official.
While K Electrics success story shrivels away with severe unending and unannounced power cuts in Karachi, the Ministry of Water and Power has adopted the firms practice of load management, at least as per the ad it published in the print media last week.
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJune 25, 2015
Reserves $17.457 bln