The government’s first year in office yielded only 14 percent rise in net FDI as compare to FY13; What about FY15? Improving investment climate, stabilising macro-economics, mobilizing investors, steadying security situation and the apparent government efforts in the same direction should have at least shown some respite. But all seem to be in vain as foreign direct investment has taken a nosedive in FY15. Unfortunately, net FDI in FY15 is even less than FY12 figures amid tall claims about investment being one of the priorities for the government.
Five of the eight administrative units of Pakistan – KP, Balochistan, FATA, GB, and AJK – are mainly mountainous regions. This is something that is often taken for granted; mountainous regions have far higher levels of poverty and food insecurity than the plains. This was one of the highlights of a three-day conference held in Islamabad on climate change, the participants of which included PARC, SDPI, and International Centre for Integrated Mountain Development (ICIMOD), among others.
Market is expecting status quo to be maintained in tomorrows Monetary Policy review. All nineteen research houses of brokerage firms, asset management companies and commercial banks contacted by BR Research are of the view that the central bank will not change the policy rate in the upcoming review on Saturday. Will SBPs decision match the expectations?
When your deposit base is growing in double digits and the mark-up you end up spending stays flat, you are surely in for a pretty good time. UBL in its 1HCY15 financial results has managed just that and much more. The strong 40 percent year-on-year pretax profit growth is well complimented by an interim dividend of Rs3/share.
Gold isn't what it used to be. Its certainly not worth what it used to be back in say, 2011! The yellow metal has been steadily losing luster since hitting an all-time high in September of that year.But the bottom came off on international gold prices on Monday.
Pakistani mango export is in trouble again. According, to the ministry of commerce the country has lost three of its five lifelines due to the issue of live fruit fly larvae. After two more export rejection would result in a 5-year ban on Pakistani mango exports to the European countries.
And it wouldn't be the first time; last year Pakistan faced a similar situation when presence of fruit flies in shipments sent abroad drew harsh warnings from the European countries.
The current account posted a deficit of 0.8 percent of GDP ($2.3bn) in FY15 as compared to 1.3 percent of GDP ($3.1bn) in the previous year - adjusting for $1.5 billion CSF reimbursement; the CAD soared to 1.4 percent of GDP. This simply falsifies the theory that improvement in current account is due to depressed oil prices - trade deficit on goods increased by 3 percent or $449 million in FY15.