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That the world is fast becoming a global village and boundaries are being eliminated is what comes to mind when one glances at the census report of England and Wales.
Money supply expanded by 5.24 percent in the first five months of this fiscal year; registering an increase twice as large as the same period, last year. All of the growth in money supply has emanated from domestic sources. So is another cut in the discount rate warranted? No; in fact the current situation demands a cautious stance from the apex regulator.
When the Compressed Natural Gas Dealers Association of Pakistan sends out greeting cards for the New Year, they will probably skip Dr Asim Hussain. The Advisor to Prime Minister on Petroleum has been publicly vocal against the rampant use of natural gas in the transport sector, especially in private transport. Unfortunately, he is often the lone voice in the government machinery.
November proved to be no better for local auto assemblers that have been facing a tough time lately. Sales for the sector dropped to a 17-month low, according to figures released by Pakistan Automotive Manufacturers Association (PAMA). During 5MFY13, car sales (including LCVs, Vans and Jeeps) plummeted 31 percent, compared to the previous year to 49,092 units.
While rupee weakening has been gnawing the economy, the gyrations of the rupee-dollar exchange rate has affected remittances through its impacts on consumption and investment objectives.
World food prices have hit the lowest ebb since June 2012, as FAOS Food Price Index slips down 1.5 percent from October, mainly off the back of depressed global prices for a number of commodities including sugar and cereals.
Think of innovation, and the first name that comes to mind has a lot to do with technology. And this is rightly illustrated in the list of 100 top innovators around the globe issued by Thomson Reuters.


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln