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Persistently low urea prices on the local market have finally persuaded farmers to apply the most important nitrogen nutrient to the soil. The latest 5MCY13 numbers released by the National Fertilizer Development Centre (NFDC) reveal a healthy 24 percent year-on-year increase in urea off-take.
The lonely but risk taking General Musharraf came back to Pakistan with the hope to see his million Facebook fans taking him to the parliament. But the poor chap instead is bracing up for a trial on account of his unconstitutional act of imposing emergency on November 3, 2007.
Every time you fall in love; crash, boom, bang: that may well be the theme song at the Karachi Stock Exchange. The latest in the series of heartbreaks is yesterdays 650 point decline at the benchmark KSE. The last time the index took such a massive beating was on December 31, 2007, when it fell by 696 points following the assassination of Benazir Bhutto.
The provincial budgets for fiscal year 2013-14 reflect early dividends of devolution. From Karachi to Peshawar, all provincial capitals have made remarkably higher allocations for social sector development. However, that doesn mean infrastructure development has taken a back seat. Quite the opposite!
While the big picture presented in the latest edition of the comprehensive statistical review by BP encircles around the low energy demand growth in line with lower average economic growth in 2012, some happenings during the year are too interesting to ignore. And some of these happenings might underlie some structural changes that might show shifting dynamics of interwoven world energy in the long run.
Contrary to market expectations voiced through numerous brokerage house reports, BR Research in its recent articles hinted at the slashing of interest rates and its political imperatives. And the SBP Board dominated by government influenced experts did the same last week.
Budgetary spending on youth may be relatively small as a percentage of total federal and provincial outlays. But when it comes to wooing this all important voter segment, each province, or rather each party, is following the notion of ‘unto your policy, unto mine’.

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln