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There was a time when Pakistan’s economic observers didn’t need to look at the Trade In Services (TIS) figures. The number used to be too little to be really concerned about, whereas the economy’s structure was tilted more towards the commodity producing sectors.
Pakistan’s monetary aggregates have shown a much better picture in FY14 compared to previous few years. But it’s imperative that it continues moving in the right direction for any meaningful impact on economic growth and inflation reduction.
Whether it is buying, selling or investing in property, security is the prime concern for almost everyone in the country today. This is also the crux of the most popular locations in Lahore as per Zameen.com’s search trends.
The Indian Prime Minister has been signalling an urge to improving economic ties in South Asia, first with the invitation to leaders from neighbouring countries at his oath-taking ceremony and now with the news to set up a South Asia Development Bank. While efforts towards regional integration are indeed commendable, particularly when they stem from Track-1 initiatives, their fate often meets discouraging ends.
Its not looking pretty for the ruling party at the center. The Islamabad-based free-market think tank, Prime, has just released its 3rd tracking report of the PML-Ns economic agenda, which reflects only modest economic achievements relative to the great promises made in the party's manifesto.
Growing top line was considered a guarantee for a growing bottom line, not very long ago, for the local fertiliser market leader Fauji Fertilizer Company (FFC). The top line growth has now confined to single digits, as flattish prices and static volumes have left little room. The bottom line, though, continues double-digits shift, but sadly on the wrong side for the urea giant.
Statistics aren't always the best way to reflect on a nations recreational habits. But sometimes, numbers offer some food for thought.
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln