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It has been exactly six months since the license award for next-generation telecom services took place in Islamabad. Already, some operators are claiming reaching over one million 3G subscribers. Information made available shows that the four 3G operators have extended their coverage footprint to a number of major cities - the first port of call in any high-end service or product rollout.
It is not an easy time for Pakistan today, especially considering the political mayhem getting in the way of economic priorities. Yet, the country has managed to defend itself against any rating downgrade so far. The S&P rating services has reaffirmed Pakistans long-term and short-term sovereign credit rating as B- and B respectively, along with a stable outlook.
As expected, the 50 bps discount rate cut brought down the PIB yields to earth. What came unexpected though was governments keenness to welcome whatever came its way. The PIB auction target was set at Rs50 billion, and the realised amount was nearly three times the target. It shows more desperation and the urge to comply with the IMFs requirements, as it was the last auction before the expected tranche release.
Even 100 percent electricity does not satisfy Punjabs textile sector. Thinking that better electricity supply for the sector would assuage the industrys concerns, the Prime Ministers ad hoc decision for a zero loadshedding policy for Punjabs industry is proving contentious.
May 14, 2006: Leaders of the Pakistan Peoples Party and the PML-N sign the Charter of Democracy. In it is a clause that reads: "Access to information will become law after parliamentary debate and public scrutiny". Yet to this date, the Freedom of Information Ordinance (FIO) 2002 at the centre stands unrepealed.
The finance minister recently expressed his desire to digitise governments retail payments and achieve digital financial inclusion. His resolve is welcome but not enough given the scale of exclusion. Here is one critical aspect of financial inclusion that is often overlooked.
Recall that FY14 ended on a slightly dull note for mutual funds. However, since the beginning of FY15, the woes seem to be calming down with the improving returns of mutual funds.


Index Closing Chg%
Arrow DJIA 17,828.24 0.01
Arrow Nasdaq 4,791.63 0.09
Arrow S&P 2,067.56 0.25
Arrow FTSE 6,722.62 0.01
Arrow DAX 9,980.85 0.06
Arrow CAC-40 4,390.18 0.18
Arrow Nikkei 17,459.85 1.23
Arrow H.Seng 23,987.45 0.07
Arrow Sensex 28,693.99 0.90

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln