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Delays, leakages and frauds are presumed to be the major factors that mar the effectiveness of the states cash transfers and other welfare payments meant for the underprivileged. To address the systemic lacunae and increase financial inclusion, some middle-to-low income countries, including Pakistan, are looking at routing the government-to-person cash transfers through branchless banking channels.
As evident by Faysal Banks (FABL) latest financial result (for CY11), the Bank has managed to steer its operations successfully through post-merger integration in the space of a few months.
The gas shortage once around the horizon, now stares the economic managers in their faces. And the countrys leading integrated gas company continues to face natural gas shortage due to the widening schism between the supplies from the E&P companies and burgeoning natural gas demand.
There is something for everyone in the upcoming mobile spectrum auction. The ailing government may get the longed-for fiscal injection; the wailing operators may gradually break out of the bleeding competitive regime; the awaiting customers may finally experience the high-speed mobile broadband for social and commercial networking; and the economy may benefit when the total factor productivity grows.
When the Oscar winner for the est documentary category was announced last Sunday, facebook and twitter updates went billowing up in Pakistan. Print and electronic media went abuzz with the name of the person who brought the accolade to the country - Sharmeen Obaid-Chinoy.
"Crime and bad lives are the measure of a States failure": though these words were penned by Herbert G. Wells in his novel, "A Modern Utopia", more than a hundred years back, still they read like a social commentary on the current state of affairs in Pakistan.
Unfortunate is the fact that in the world today, when economies are focussing on optimising their resources and opportunities, India and Pakistan have held on to the historical bitterness of partition. The two neighbours, despite immense trade potential have filtered borders for each other.

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln