With each passing month, it is increasingly becoming evident that this year’s private sector credit supply will be lower than the last. The latest central bank data says that loans to private businesses fell about 37 percent year-on-year in the first eight months of current fiscal year. Specifically, it dropped to Rs164 billion in 8MFY15 from Rs259 billion in the same period last year.
Things have started progressing steadily for the insurance sector and the regulator is playing its role really well in this regard. Latest in the series of such events is the increase in minimum paid-up capital requirements of insurance companies - indeed a crucial initiative towards the development of a strong industry.
Prevention is better than cure. In today’s world the use of digital technology is gaining traction in providing better healthcare and consumer care environment. Diagnosing a disease in early days and to mend it through better living style, or having knowledge of surroundings and even happenings within our body through digital devices of our daily use, are not only economical but also a wise way of living.
When Salma Jafri walked away from a promising career to take care of her baby, she knew she hadn’t given up on professional development, but wondered if she would get back in the ‘corporate race’. “I picked up a gig to develop marketing content for a company through an online freelancing platform and discovered the world of online marketing”, Salma told a roomful of people at a discussion organized by Intel Pakistan about, “Closing the gender technology gap”. Today she is thriving as a Google Business Groups team lead and content marketing consultant.
Foreign selling, a big Fund winding up, mutual funds selling, SECP notices and much more. This is what the market makers have told us of late, when asked about plausible reasons behind the current market slide. All of it could be true. But attractive earnings multiples, Pakistan’s improving economic indicators, higher investor confidence will soon be among reasons when the market starts picking up. And that could be very soon – as soon as the ongoing ICC Cricket World Cup comes to an end.
Is foreign selling on local course troubling you? Don’t panic, some good vibes seem to be in the wind! While few foreign funds including Everest Capital are pulling out their funds from Pakistan, Duet Mena Limited - a UAE based private equity and hedge fund manager - is betting on Pakistan as an ‘attractive opportunity’!
In its annual flagship report titled “Asian Development Outlook,” the ADP said that Pakistan’s GDP grew by 4.1 percent in FY14, and it is poised to grow by 4.2 percent and 4.6 percent in FY15 and FY16, respectively. The ADB report largely attributed the growth achieved in FY14 to a revival in construction and growth in manufacturing.