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Crude oil closed out on a rather bearish note in 2013 due to supply exceeding the demand. Since then, market analysts around the world have been scaling down their forecasts for both Brent and West Texas Intermediate (WTI) crude oil as the increasing US shale reserves seem to have taken over global suppl. US shale revolution is expected to increase production by one million barrels a day in 2014.
Quite unexpectedly, local cotton arrivals have exceeded all official production targets this year. Cotton bales registered a growth of 7 percent year on year to reach 12.9 million bales off the back of improved arrivals from both Punjab and Sindh.
The democracy’s essence lays as much in accountability as in representation. However, holding the elected responsible for their promises is something Pakistanis usually do in the run-up to elections, rather than during the electoral term.
Flat top line and dwindling bottom line growth are not usually associated with the fertiliser giant that is Fauji Fertilizer Company (FFC). But, there is always a first time, and the year gone by was the first in recent memory to have tested the pricing power of local fertiliser manufacturers, particularly the leading ones.
Why do investors love Engro Fertilizers? Well, they love it for the same reason they hated Engro Corporation in not so distant memory: gas and that too ‘likely’ to be available at concessionary rates. And the thing about love is that makes you want to go get it; beg, plead, do what you must but you got to beat the odds and go get it. Investors in Engro Fertilizers have been doing just the same thing.
It is often said that a picture says a thousand words, but so does an income statement, it seems. Honda Atlas Cars (HCAR) announced its nine-month financial performance accounts on the bourse yesterday. While a cursory glance on the bottom line may suggest that the year has been nothing short of stellar, a closer look reveals that the party may soon be over.
Here is a fact that should jolt economic observers: according to a recent study by former SBP governor Ishrat Husain, South Asian trade volume stands at $300 billion, of which official Pak-India bilateral trade makes up less than one percent.


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln