The China Pakistan Economic Corridor (CPEC) has been widely acclaimed as a game changer not only for Pakistan but also, for the region. It is expected to anchor the geopolitical shift of economic power in Asia and propel China, as the emergent economic super power. Its rise is expected to contest with the economic support from the USA, to the Indian economy.
Treasury managers at Habib Metropolitan Bank (HMB) and elsewhere must be planning leisure trips having pocketed decent sums in the half year ended June 30, 2015. Most banks have of late turned into investment banks and shareholders don%9 mind that one bit. HMB amassed huge profits for the1HCY15, despite new taxation measures and low interest rate scenario.
It is a job well done by National Foods Limited (KSE: NATF) for the financial year 2015. According to a KSE notice issued on Friday; the company has seen enormous growth in its bottom line during the financial year.
The government may well have sold its stakes in the country?s largest bank, HBL, but HBL for sure has not lost hope in the government. The investment book alone is well over a trillion rupees and the bulk of it is parked in government papers. The repositioning of asset portfolio of late has resulted in accumulation of more treasury bills, having enjoyed the PIB fiesta on offer in the earlier days.
Super tax and all that, that the National Bank of Pakistan?s (NBP) 1HCY15 after-tax profits went down year-on-year, tells it is not easy carrying an infectious loan book for a long time. NBP, like most its peers, shied away from venturing into advances for much of the period, and instead Rs13 billion more on the investments side, primarily in treasury bills.
There are some concerns that the US might be suspending the CSF payments to Pakistan – those handsome, enormous paychecks that shine on our current account. Pakistan’s failure to crack down on the Haqqani network thus might cost it an annual billion-plus dollars. But what precisely is the impact of the CSF?