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For those who know little about the World Future Energy Summit, WFES is a business platform for the development of renewable energy through a four-day discussion and exhibition held annually in Abu Dhabi. This year is no exception. Summarily, one could derive 7 conclusions from the reunion of 112 countries this year.
Inaccessibility to financial services is considered a serious threat to the economic progress of any country. For this reason, enhancing the involvement of all segments of the economy is among the main objectives of monetary policy.
Trade data released by FBS for 6MFY12 showed a continuation of the disturbing trend of falling volumes in Pakistans major export group - textiles.
In keeping with growing demand for complex financial products, domestic financial institutions are all set to expand their product line. Financial derivatives are the first stop along the road to developing sophisticated financial instruments.
At a time when price wars have taken a bite out of the quality of services provided by the telecom sector; the cash starved government is sniffing about for a new player in the cellular jungle. China Mobiles entry in the local market has further squeezed Average Revenue Per User. As telcos scuffle to maintain market share amid slowing growth, one wonders what a new player acquiring the license previously used by Instaphone, can accomplish.
For many students around the world, working on school projects probably became extremely difficult all of a sudden on Wednesday when they found that open-source websites such as Wikipedia were not working. The website was among dozens of others that willfully shutdown operations for 24 hours, to protest against two bills aimed at combating online piracy, awaiting approval from the United States Congress.
The global economy is at a tipping point. Despite serious efforts made by policy makers, the worlds largest economic bloc is threatened by a financial crisis.


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln