The upfront Thar coal power tariff will expire on 19 January, 2017 with the regulator deciding against extending it. The table shows the original upfront tariff for Thar coal projects that was notified at the start of 2015.
Before getting into what the current year holds for gold, lets review gold market in 2016. Unlike the bearish market in 2015, 2016 saw some improvement in gold prices. A mixed market could be a one-liner for gold in 2016. Gold price performance can largely be divided into two parts in 2016: An uptrend for the first half, followed by a downtrend in the second.
What would really forge the relationship between two countries that already refer to each other as "iron brothers" (or ba tie in mandarin)? A steel plant! Even better, a massive steel plant in the middle of nowhere! This is where things seem to be headed if BR Research's market pulse is any guide.
There was still no reprieve from exports, as the cement industry wrapped up the year 2016 with a drop in total dispatches in Dec from Nov (2.6 percent), but which was still a 3 percent jump from December last year. The sector locked in total dispatches of 19.9 million tons in 1HFY17, a 9 percent increase from this period last fiscal (18.2 million tons), while local dispatches grew by 11 percent between 1HFY17 and 1HFY16 against an average monthly (local) sales of 12 percent since July of 2016. (Read about last months numbers, "Cement mills keep on churning!" published Dec 15, 2016).
After a surge during the first week of the new year, the benchmark KSE-100 index only went up 0.35 percent during the second week as investors bought and sold on lack of clarity in various scrips and sectors.
Looking at the graph, it seems that the bad days are over for oil producers and oil and gas investment worldwide. Average Brent crude oil price in January so far is higher by around 60 percent compared to similar period last year, whereas one can clearly distinguish a rising trend in prices month-on-month in 2016-17.
Window dressing is a usual practice that bankers adopt in days close to year end to make books healthier. In days of rising currency in circulation; the problem compounds as the deposit pie shrinks. 2016 end is a blatant demonstration of this practice.