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12 years on, the worlds commitment to the Millennium Develop-ment Goal 4 (MDG 4) - which set out to reduce the mortality rate of children aged five and under to two-thirds between 1992 and 2015- seems to have born substantial fruit.
Past history suggests that the initial months in a fiscal year are usually drab vis-à-vis release of development funds. It is only during the later part of the year that disbursements are expedited. This year in FY13, the development funds release has perked up from the onset.
The retail machine is steaming ahead, even as the economy remains mired in crises and inflation is barely constrained under double digits. Last year, revenues of B2C companies doubled; companies like Engro Foods and National Foods have witnessed sales and profits towering over tallies from previous years.
The growth momentum of the branchless banking sector - still in its early stages - ceases to amaze. The sector is leapfrogging ahead despite inherent sectoral difficulties and overall challenging macro conditions. The recently released fourth quarterly issue of the SBPs BB newsletter series shows yet another period of impressive all-round gains in the sector.
FY12 results of the countrys third largest exploration and production company received a warm welcome when Attock Group revealed the financial performances of its E&P wing along with other member companies, yesterday.
Where the higher oil prices were received joyfully by the E&P sector during FY12, the volatility in the international crude oil prices continued to induce unpredictability in the domestic refinery operations.
Barely a few weeks after the Karachi Electric Supply Company (KESC) got heavily criticised for its privatisation by the SPDI, it had the SBP ex-governor and the IBA Dean and Director, Dr Ishrat Hussain speaking for privatisation and how essential it is to foster development on a sustainable basis.


Index Closing Chg%
Arrow DJIA 17,279.74 0.08
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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln