"Continuing economic uncertainty will likely mean market shortcomings deepening as we enter 2012," Tony Tyler, IATA Director General and CEO eyes vulnerable market for the year ahead. The calendar year for global aviation ended with unsettled hopes.
Three years in a row the calendar year ended with a strike in Karachi for one reason or another. 2011 ended with a transporters strike protesting on what they term as an unjustified increase in CNG prices. The 22 percent and 29 percent increase in CNG prices across two regions has been rejected by the CNG and transport associations alike, calling it a burden on the masses.
Despite the current problems faced in the economy, including severe energy crisis, high input costs and fluctuating domestic and international demands, LSM has managed an overall growth of 2.07 percent over the period July to October 2011 compared with the same period of last year.
The banks in Pakistan may not be lending to anyone and everyone, but they sure are leveraging their general banking operations. This is apparent in SBPs half yearly review of payment systems in Pakistan, which shows another six months of acceleration in retail payments and transactions in the banking system.
As soon as the Federal Petroleum Minister Dr. Asim Hussain went on air on Thursday and announced, what should have come as news to none; the fact that Pakistan faces a dire emergency in terms of supplies of natural gas, television channels went into over drive extolling the hardships that would be faced by the nation as a consequence of this shortage.