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Finding a taxpayer in Pakistan is like sifting through the proverbial haystack in pursuit of a needle. After all, in a country of more than 180 million people, only about 200 companies contribute a massive 85 percent of the total taxes collected by the GoP.
The unusual dynamism in the release of FY13 PSDP funds, first highlighted in this space two months ago, has carried on. Merely 20 weeks into this fiscal, and the Planning & Development division has already disbursed almost 40 percent of its PSDP disbursement limit of Rs233 billion. The official funds release mechanism necessitated 40 percent disbursements by the end of 1HFY13.
That the eighth D-8 summit being held in Islamabad is quite symbolic for the country as the key agenda for this summit hinges around greater trade cooperation - an area that Pakistan could really benefit from. The summit begins with the motive of the D-8 enhancing their share in global trade by 15 percent by 2018, which currently stands at over 130 billion dollars.
Call it a misfortune or a spell on the economy, the remarkable in improvement of more than 100 percent YoY in the FDI figures released by SBP for October 2012 cannot be celebrated. The performance over first four months of FY13 continued to be a horror for the investment scenario.
Much like a castle built out of particularly unresisting sand, large scale manufacturing has been swept out to sea amidst the severe and persistent energy issues plaguing the country. But LSM statistics for the month of September finally saw some ground being regained by the countrys industrial output that has largely remained under duress for much of the last year.
The World Gold Councils Gold Demand Trends Report for Q32012 is quite reflective of the changes the overall global economy is going through. At roughly 1,085 tonnes - worth about 58 billion dollars - gold demand during July-September this year was 10 percent above what was seen in the second quarter, but 14 percent down in value terms relative to the same quarter last year.
Log on Facebook to see a mixed bag of businesses touting their goodies. Whether it is about showcasing an entirely new clothing line by a designer, a new service at a spa or customised confectionery, Facebook pages dedicated solely to the same flicker on ones news feed.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln