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It appears that Pakistan’s external account situation is getting grimmer with the passing months. Thanks to a hefty, $596 million current account deficit for the month of February; the overall current account deficit stood at $700 million for the eight months ending February 2013, SBP’s latest statistics show.
Intentionally or unintentionally, Germany’s latest announcement about spending cuts for a more balanced budget sets precedence for other eurozone countries where growth and austerity are usually at odds.
Just when signs of improving economic conditions put a dent on global gold prices, the World Gold Council comes up with a report that highlights the importance of the precious metal even more.
Legislators in Khyber-Pakhtunkhwa (KP) reached consensus over the appointment of a caretaker Chief Minister for the province on Friday, thus taking the lead over other provinces and the Federal Government in transitioning towards the General Elections 2013.
From the highest to the lowest and with the economy tumbling after, the Jack-and-Jill journey of foreign direct investment has been one ferocious reality of the government’s failure to boost investment.
The rejection of PIB auction bids by the cash-strapped government, which was once seen as a rare happening, now appears to be frequent tale. For the third time in a row, the government has rejected the whole lot of bids put forth by the dealers.
The National Assembly is completing its constitutional five-year term tomorrow. Holding the elections on time would mark a successful political, democratic transition-a first for Pakistan! The historic nature of these anticipated events must, however, force a change of expectations the electorates attach to their representatives and a shift in thinking about what the latter are actually supposed to do for the former.


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln