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"ECB will do everything to save the Euro," said the ECB President, Mario Draghi. With the extensive public indebtedness, the worlds confidence in the second largest currency of the world, Euro, is traumatized. And questions marks still hang over whether the European institutions will be able to combat this crisis and rescue the Euro zone.
The Tax Amnesty Schemes proposed by the Federal Board of Revenue could be different from earlier amnesty schemes if instead of focusing on the quantum of revenue collection, the emphasis is on correcting the system of revenue collection.
Whether you are asked to "hoover" your house or "google" a recipe, you are living a brand every moment of your life. Celebrating 126 years with 1.8 billion Coke products consumed daily, 50 million Facebook fans and thousands of beverages in its portfolio; Coca-Cola is a name that is universally recognised today more than any other in the world.
While the Punjab government is busy spending millions of Rupees from the nations hard-earned resources on fancy development projects such as the Danish Schools and the free laptop schemes, social progress in the countrys most densely populated province remains unimpressive at worst and shaky at best.
The benchmark KSE-100 index has touched its all-time high as the index closed at 15,712 points yesterday. That the index will break the all-time high by the end of 2012 was anticipated, as market pundits believe the scrip valuations on offer are the cheapest in the region, even after applying the traditional regional discount of 20 percent.
Pakistans economy has been described as a motorcycle economy. Pump in a couple of billion dollars and watch it go! Perhaps the above rationale, viewed in the context of the renewed relationship between the Government of Pakistan and its super power ally, Washington; along with stable international oil prices best explains the swing in sentiments that has been witnessed domestically over the past quarter.
As the ongoing sovereign debt crisis in Europe and the imminent fiscal cliff looming over the US weigh heavily on world economy, the clouds engulfing global growth prospects continue to darken.

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln