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As unfortunate it is, privatisation and litigation in Pakistan go hand in hand. Pakistan Steel Mills is a case in point. Though quite not the same, governments efforts to offload 10 percent of its stake in the countrys largest E&P company, OGDCL, face a stern test. The Khyber Pakhtunkhwa government went to the Peshawar High Court and got a stay order in favour. Expectedly, the federal government rushed to the Supreme Court and got it reverted, albeit, partially.
In Pakistan's industry insurance, small players are aiming big. In the ongoing rounds of mergers and acquisitions taking place in the insurance sector, TPL Trakker has recently entered into a sale purchase agreement (SPA) with Greenoaks Global Holdings Ltd (formerly Roosewood Insurance Group).
Pakistan has a National Energy Policy. But like most things in Pakistan, it is not necessarily implemented. And you can blame PML-N government for not following the already established priorities - for it is a legacy inherited from the previous setup. Reportedly, the ECC in its recent meeting has decided to supply natural gas to fertiliser industry throughout the Rabi season on priority over the power sector.
Much like in politics, a year is a long time in stocks. Take the case of Masood Textiles (MSOT). About twelve months ago few knew the fate of the firm. And then, in came the stories of Chinese investors seeking opportunities in Pakistans textile industry. Their poster transaction was Shandong Ruyi Technologys plans to acquire about 52 percent stake in MSOT in a deal that was expected to be around $57 million.
A recent Gallup survey showed that Pakistanis are the least satisfied among South Asians when it comes to government efforts to help the poor in their respective countries. Interestingly, unlike India where it is the poor segment which is the least satisfied or Afghanistan where the poor themselves are the most satisfied with their government policies, the low levels of satisfaction is shared across the income segments in Pakistan.
It’s a great pride for Pakistan that a 17-year old girl from Swat has become the youngest-ever in the world and only the second Pakistani Nobel Peace prize winner.
Oil production coupled with economic slowdown sums up what’s going on with oil prices. And of late, this price slide has become more of a speculative activity as market fundamentals like fizzling global economy, ample supply and slowing risk appetite has forced players to bet for bearish prices. So far this year, West Texas Intermediate (WTI) is around five percent down, whereas Brent crude oil has slipped by 16 percent.

 



 
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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
WeeklyOctober 20, 2014
Reserves $13.436 bln