09272016Tue
Last update: Tue, 27 Sep 2016 03pm

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Amid continuous slide in exports, and a visible slowdown being seen in home remittances, there is no good news on the foreign direct investment front either. As per SBPs numbers, FDI has posted a decline of over 53 percent during 2MFY17. In absolute terms, the decline in FDI for July-August 2016 was around $128 million.
Two central banks on either side of the pacific tried to flex their muscles yesterday. In the morning the Bank of Japan (BoJ) shifted away from its fixed line of monetary easing and is now open to a more flexible approach. While later in the day, the Federal Reserve maintained its funds rate.
The ride-sharing rivalry is just getting started. Careem, the middle-eastern taxi-hailing app, and Uber, the US-origin behemoth, are fighting for share of commute in dense Pakistani cities of Karachi and Lahore.
Although the CPEC portfolio is primarily composed of coal projects, there are a number of renewable energy projects as well. Currently, there are 300MWs of wind power and a planned addition of 1000MW of solar power plants.
The "protectionism versus free trade" debate has many examples, but nowhere are the stakes higher than with the TTIP (Transatlantic Trade and Investment Partnership) and CETA (Comprehensive Economic and Trade Agreement). The hot topic has been the stuff of headlines this past week, and the debate deserves some attention.
Pakistan National Shipping Corporation (PNSC), the country's national flag carrier reported dismal year end results for FY16 yesterday. Following on its poor 9MFY16 performance the company saw a decrease in revenue of 35 percent for FY16 which is a snapshot of the general state of the shipping industry globally over the past year.
The government is seemingly relaxed on its borrowing pattern right after the exit of the fund programme. There is an SBP act which has clearly defined limitation of federal government borrowing and there was a quantitative target of IMF programme too. The regulation requires net zero government borrowing at the quarter end.