The K-Electric five-year agreement of 650 MW from the national grid is ending today and the fate will soon be known. All things point towards an amicable solution to be reached at, precisely because there are hardly any other options left. Recall that the honourable state minister Abid Sher Ali has been most vocal against any possible renewal of the agreement. But here is hoping it does not happen because you do not throw the baby out with the bath water.
In last month’s comment on monthly credit numbers released by the central bank, this column said it expected consumer financing to pick up in December following the slashing of interest rate by 50 basis points to 9.5 percent in the preceding month.
Would 2015 be the year telecom authorities turn towards much-needed rural ICT development? An agency for that purpose is certainly available: Universal Service Fund (USF) Company, which embodies the spirit of public-private partnership. USF was created in 2007, under a USF Policy, to help deploy telecom infrastructure in areas where it would be commercially infeasible for operators to go on their own.
Just ahead of Davos gathering, the World Economic Forum (WEF) published its tenth annual Global Risk Report for 2015, which consists of a yearly survey about the world’s most critical issues from nearly 900 leaders in politics, business, and economy.
For political and business leaders, Davos is the place to be at right now. But Pakistan's Prime Minister has cancelled his sojourn to the World Economic Forum's annual meeting currently being held there. Reportedly, the now-receding but still-fresh petrol crisis has forced this cancellation.
Take a minute, and think about the exploration and production companies in this sliding oil price scenario. The E & P sectors fortunes rise and fall with the oil prices. The oil and gas giants around the world have enjoyed years when crude oil was more or less stable. However, with the price of oil down more than 50 per cent since June 2014, gazes are now moving on how the crash in prices will play out among corporates in the oil and gas sector worldwide.
While the crude oil prices continue to spiral down, gold prices can be seen to defy its relationship with the commodity. The simple economics behind oil-gold relationship is that the price of crude oil affects inflation; any increases in the crude oils price will result in increased petroleum product prices, which in turn push the cost of transport, and hence the price of goods - more commonly known as inflation and with inflation, the price of precious metal like gold tends to go up as well.