Impression in the West is that Pakistanis don't like to pay taxes. Back in 2010, Hillary Clinton was the first Western official to publicly school their Pakistani hosts on making the rich pay. Perhaps taking heart from the cue, in subsequent years, British and EU officials also started bringing up this issue. In the face of a shrinking tax base, Western aid seemed as if it subsidised Pakistani elite and its privileges, they argued.
Cement stocks have delivered solid capital gains for investors since 2012. The BR Cement index has risen from 1502 points, at the end of CY12; to 5150 points, at present. Initially investors interest was confined to the blue chips of the sector. However by FY15, the BR Cement Index galloped on the back of smaller cement companies.
It doesn look like it! The state of affairs in the energy sector is getting more tangled than ever. Incompetence, poor transparency, lack of competence, T&D losses, and circular debt are challenges that have not been able to see any big respite in the last two years of the government in office. Mind you, there are the root causes that need to be tackled for goof for any improvement energy availability in the country; successive governments have been neglecting the roots causes and opting for ad hoc and provisional methods that result in the resurfacing of the issues.
Fauji Fertilizer Company (FFC) announced Rs1.75/share as interim dividend yesterday announcing its 1HCY15 results. That is a 95 percent payout - FFC staying true to its form. But shareholders are not accustomed to anything in the tune of under Rs2/share as dividends from FFC. That is only because the profits did not swell as they once used to.
Human capital is a measure of economic skill set possessed by population. In a laymans explanation, countries are said to have more human capital if the people of a country are well educated, well nourished, skilled and healthy. World Economic Forum has recently released the second edition of its Human Capital Report, which highlights Human Capital Index for 124 countries around the world.
Export numbers for the full year are here and they spell out more or less the same story; textile continues to suffer, with FY15 exports showing a decline of around 1 percent year-on-year to $13.5 billion, as per SBP data.
"It was the best of times; it was the worst of times..." The highs and lows surrounding shopping over this Eid seemed just too much. Money cannot buy everything, after all. If you had somehow navigated the sea of people outside shopping malls, good luck getting inside the establishments and getting out in time, carrying exactly what you had intended to purchase. With apologies to Charles Dickens, this seemed to be the tale of many raining cities across Pakistan this month.