The Shahbaz Sharif administration has done well by introducing various IT-enabled governance solutions in Punjab. That owes as much to the CMs trusted advisors as his own predisposition towards IT-promotion. Last week the younger Sharif, who is about the only serving CM actively seen on social media, launched a free Wi-Fi service programme, initially for cities of Rawalpindi, Lahore and Multan.
We don see any major improvement in the countrys power sector, do we? Well, if you had any doubts then read Nepras recently released State of Industry Report 2014. The essence of that report is that there has been zero noteworthy reformist change in the power sector during the last fiscal year, and that the power sector continued to be inundated by its parasitic issues.
CPI inflation's southward journey continued last month with the yearly number continuing to find new lows; the CPI clocked at 3.2 percent in February (11-year low) as compared to 3.9 percent in the previous month.
The liquidity crunch at Pakistan State Oil (KSE: PSO) - having an approximately 65 percent of market share in petroleum products supply in the country - created an oil supply halt in the country earlier this year. The signs of this liquidity crisis at PSO can be seen in the firms first half FY15 financial statement announcement.
When it comes to pursuing the spirit of core banking, Silk Bank definitely stands out from the crowd. In times when the entire banking industry has fallen for the lure of lucrative yields on PIBs, Silk Bank chose the hard way by continuing to lend to the private sector. With a strong focus on advances, the bank boasts an advance-to-deposit ratio (ADR) of as high as 86 percent in the industry.
Soon after the Indian election last year all eyes were set on the first full budget of Narendera Modi's government. The irony is that it was compared to the 1991 budget presented by the Congress party, which turned India into a liberal economy and towards a new frontier. The budget speech by Finance Minister Arun Jaitley had all the trademarks of the Modi mindset.
December saw a phenomenal month-on-month growth of 18.51 percent in large scale manufacturing (LSM) index. Then again, December is a month of seasonal spike for LSM. So there shouldn't be any hurrahs there.