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Technology itself doesn discriminate across gender, but its accessibility and human context can. As it turns out there are more women than men among the two-third of global population that does not have regular internet access to date.
For Nishat Textile Mills (NML), the pain was manageable even during the toughest times when the rest of the textile sector was hung out to bleed. But now that the swelling demand for yarn and value-added made-ups from international markets has acted like the proverbial salve for the sectors wounds, the textile giant is back with quite a resounding bang.
A food revolution that started as a jumble of buzzwords countering industrially produced food has slowly taken the world by storm. Estimates by FAO suggest that the world market for organic food is forecast to exceed $88 billion by 2015-a nearly 50 percent increase from base numbers calculated in 2010. Within the organic food label, fruits and vegetables represent the biggest segment, making up over 30 percent of the overall global demand for organic foods.
From international lenders and multilateral agencies to domestic economists and think tanks; all agree that Pakistan’s abysmal tax-to-GDP ratio has kept a chokehold on the government’s ability to discharge its duties.
Last week the US Federal Reserve pulled an SBP on global markets. Just as the SBP surprised the markets with a rate hike after co-signing a LoI that suggested an ‘accommodative monetary stance’; the US Fed surprised the markets by deciding not to taper off the QE in September.
Pakistan’s foreign trade statistics this fiscal year seem to be on the same path as of the previous year. According to data released recently by the Pakistan Bureau of Statistics, the country’s trade deficit for the Jul-Aug period had declined by three percent year on year. The pattern of small reductions in the trade deficit, on the back of low growth in exports and very marginal rise in imports, is holding out.
There was a time, not so long ago, when local car assemblers were selling as many as 180,000 cars in a year (FY07). Then, when the economy went south in FY08, car sales went with it and their tally has never even come close to those levels since.


Index Closing Chg%
Arrow DJIA 17,440.59 0.73
Arrow Nasdaq 5,039.78 0.96
Arrow S&P 2,067.64 0.58
Arrow FTSE 6,505.13 1.13
Arrow DAX 11,056.40 2.56
Arrow CAC-40 4,927.60 2.57
Arrow Nikkei 20,350.10 0.95
Arrow H.Seng 24,351.96 3.09
Arrow Sensex 27,561.38 1.96

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln