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Recall that FY14 ended on a slightly dull note for mutual funds. However, since the beginning of FY15, the woes seem to be calming down with the improving returns of mutual funds.
Pakistan’s auto policy has been in a catch-22: import cars or make them; and at what costs. The space and scope of this column does not allow a detailed discussion but it is about time that the subject is brought fore to the public who can then decide whether this country needs to protect the consumers or the industry at the cost of consumers, or keep dillydallying between both depending upon which lobby has a stronger say in Islamabad.
Apologies to The Beatles, but boy do we get by with a little help from our friends. Business requires playing hardball than friendship, but Pakistan’s longtime friend is increasing its business stakes here. Read this: Jul-Sep net FDI fell by 26 percent year-on-year; but Jul-Oct net FDI surged by 47 percent. Clearly, October was the magical month in this mid-year fortune reversal. And October had China written all over it!
It has been said before, it wouldn’t sound redundant saying again that Pakistan needs a central integrated energy ministry today. And the need for it is direr than it has ever been. It is just the third day of the week, and the petroleum Minister has been heard saying contradictory things in such short span. Initially he reiterated the government’s stance for diverting imported LNG for CNG usage, and the next day he is quoted saying the power sector would be the only recipient of LNG.
Lately, the cement sector has been surrounded by a mix of positives and negatives. Yet, the sector managed to land in green during the quarter ended September 2014.
Sudden imposition of moratorium on KASB Bank by the federal government on the application of SBP is not deemed as a prudent step by market pundits as it can dampen the depositors confidence on other ailing small banks and hinder the process of selling the bank.
Traditionally a store of value, gold has been a safe haven for savers and investors. But what happens when the prices keep going south? Gold producers and investors alike are becoming uneasy as the global gold prices continue to tumble in the face of the strengthening US dollar.


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln