Credit to private sector eked out an increase of two percent in fiscal year ended June 2013; a modest increment compared to the flat year-on-year performance of FY12. The little improvement comes on the back of reduction in weighted average lending rates following the easing of monetary policy since August 2012.
Turning attention towards social and economic development of women is the most effective and inexpensive way in fighting against hunger and malnutrition, says a latest study by Asian Development Banks (ADB) on food security in Asia Pacific region.
Gold prices have been on a rollercoaster ride for many months now. The price bonanza that had been spurred by the global financial crisis of 2008 peaked back in late 2011 when international prices of the yellow metal rose to almost $1800 per ounce.
Pakistan is beginning to show a healthy trend of diversification in export markets away from the West. The share of exports to the European Union and the United States is gradually decreasing in Pakistans overall exports, declining from 39.2 percent in FY10 to 34.8 percent in FY13. The year ending June 2013 marked the second successive year of Pakistans declining exports to its two major exporting partners.
Social protection as a percentage of GDP is 1.3 percent in Pakistan, a recent study by Asian Development Bank points out. The report titled Social Perception Index (SPI) by the regional development bank acts as a gauging tool for governments to monitor their progress internally and in comparison to others across the globe.
Motorists zipping around in Honda cars are apparently the happiest drivers in the country nowadays. That is at least what the booming sales for that company suggest; especially when viewed against the backdrop of waning car sales for other local assemblers.
Lower interest rates were widely expected to take a bite out of banks earnings and the first of the banks to report their corporate results for 1HCY13 has confirmed these fears. Askari Bank announced its first results under the new management of Fauji Group.