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Astounding growth comes at a price, and China’s rising rich-poor gap is a testimony to that. As the Chinese economy thrives, the growing force of urban, middle-class elite against the poorer rural inhabitants continues to pose a grave challenge for Chinese policymakers.
The representation of key economic sectors such as consumer goods manufacturing sector is already woefully thin at local bourses. The thriving cellular phone service providers are completely absent from the countrys stock markets. Even though a large number of textile companies are listed at local bourses, the best performing companies among these are mostly held closely by a small number of investors.
Pakistans premier commercial bank, MCB kick started the annual results season for banks, as the countrys fourth largest bank said its after-tax earnings improved by 10 percent year-on-year in 2012. The banking sectors current state reflects well and truly in the MCB 2012 financial statements, as despite a flat top-line and declining spreads, the bottom line growth stayed in double digits.
Research in Motion Limited, the Ontario, Canada-based maker of BlackBerry handsets, is no more. But that doesn mean the Company has gone out of business (which many had expected). Instead, it has changed its name to BlackBerry - the announcement came a day after the high profile, but much-belated launch of BlackBerrys new software platform (BB10) and new handsets (Z10; Q10) on January 30.
The current account has registered a surplus in the first half of this fiscal, foreign exchange reserves have held steady over the past two months while the local currency has also held off the century mark against the US dollar.
The Federal Board of Revenue (FBR) has made headlines in recent days with its announcement of cracking down on tax evaders with threats of placing their names on the Exit Control List (ECL), freezing bank accounts, blocking mobile phone SIMs and blocking their Computerised National Identity Cards (CNIC), if they do not willfully pay their dues.
Having trekked a thorny course in 2012, global aviation seemed out of intricacies at the year end, hailing 2013 with open arms. This insight is in accordance with the December data released by IATA, whereby air travel rebounded by 4.2 percent YoY in December, 2012.

 



 
Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln