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The November issue of the FAO Food Outlook, a bi-annual international market report, released on Friday notes that fewer global cereal purchases coupled with reduced freights are very likely to bring down global expenditure on food this year.
South Asia, often dubbed as a land of tremendous wealth and acute poverty, is an abode to more than half a billion poor people living on less than 1.25 dollars a day. Most of these people have little or no education. Moreover, they endure poor health conditions owing to the region having one of the most fragile nutrition indicators in the world.
Holidays and festivals adorn the contributions of the Pakistani diaspora, offering an extra treat to all those eyes set on the precious foreign exchange sent home by those living abroad. While all else like FDI and development assistance, appears choppy in recessionary waters, home remittances have remained resilient and significant.
An event happening for the first time may pass off as an accident. Call it a coincidence the second time. But when it happens thrice there is an incontestable pattern on hand.
Pakistan auto industry kicked off the ongoing quarter on a grim note according to the latest data released by PAMA. Car sales plunged by 32 percent during 4MFY13 on year-on-year basis, clocking in at 34,990 units as against 51,755 units during the same period last year.
No fund can beat the market in the long run; NIT is no exception. But the fact that it remained consistently around the market mean, speaks for its prudent and sane choices for investment. That is the hallmark for the fund celebrating its golden anniversary.
One can almost compare the Eurozone crisis to a never-ending TV soap; you come back to reading up on it after months, and it seems like the story is where you left it.


Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
Arrow DAX 9,326.87 2.33
Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln