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The countrys economic institutions seem to be getting more secretive by the day. Unlike his media savvy predecessors, the current Finance Minister is perhaps too shy or unsure, to speak publicly.
Henry Bakken would have become a billionaire today; while many would have heard of the Bakken oil field in North Dakota and Montana in the US, several are still unaware of the fact how the shale formation is making that area boom economically.
The smashing impact of financial crisis is felt diversely across the globe. Besides shadowing the economic growth with varying degree of recessional impact, the lingering global crisis shaped major negative repercussions for the labour markets across the world, thus producing multiplier effects on economic activity.
The IMF’s stick is out. The words IMF mission used last week in Islamabad echoed what the economists, policymakers and analysts have been saying for months here. And it clearly exhibits the inability and lack of capability of the current economic regime to take the necessary reforms imperative for the economy to be back on the growth track.
How many people are there in a country, how many work, how old they are – these are key demographic aspects when it comes to economic growth policies and challenges.
Twenty years ago, it was just a board game. Today, the word “risk” is a mantra, as if by merely uttering the word several times across living-room conversations, safe-haven investments will pop out like mushrooms in autumn. The world’s investors are succumbing to nervous exhaustion as each new finding on risk presents a new angle on how every aspect of life is just waiting to gnaw away at your life’s savings.
Thanks to a hefty current account surplus in December, the current account showed a quarter billion dollar surplus at the close of the first half of the ongoing fiscal year, compared to a 2.5 billion dollars deficit same period previous year. This huge turnaround was possible due to the two windfall CSF payments (~$1.9 bn) received during 1HFY13, latest one being the $688 million tranche received late December.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln