The trouble in dealing with rich and powerful friends is that your interests are often not completely aligned with theirs. The relationship between the United States of America and its front-line ally in the War against Terror; Pakistan fits this description well.
The days left to achieve Millennium Development Goals (MDGs) number 894 only. And while South Asia is on track to achieve three out of seven MGDs: halving extreme poverty, access to safe water and reducing maternal mortality, the region lags significantly on all the others by a hefty margin.
In line with the T-bill auction held on July 10, the first PIB auction of the new fiscal year also witnessed an end to the trend of declining cut-off yields. Just as what was already hinted by the recent T-bill auction, the PIB auction further pointed towards rate hike expectation of market participants.
That FDI inflows grew 76 percent last year should bring a sigh of relief. But let there be no doubt that the inflow of $1.44 billion is no big feat - not especially when one looks at the number as a percentage of GDP.
Circular debt partially settled, government changed, heads rolled - yet no respite in loadshedding. In fact, the loadshedding seems to have increased in the urban areas, going beyond the announced schedule. There is no denying the problem will take time before it gets resolved completely. But the government can no more shy away by avoiding giving a tentative timeframe of the crisis solution.
After changing its accounting year to December, the telecom giant has posted yet another quarter of healthy financial results. In a notice sent to the Karachi Stock Exchange, the Pakistan Telecommunication Company Limited reported a net profit of Rs3.37 billion for 3 months ended June 30, 2013. The nearly 16 percent quarter-on-quarter profitability increase owes itself to both top line growth and cost containment.
Women represent 59 percent of the total microfinance borrowers in Pakistan, says a World Bank report titled "Are Pakistani women being served by the Microfinance Sector". This share is seemingly an impressive proportion for a male dominated society like Pakistan.