Last update: Sun, 23 Oct 2016 12pm

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Entrepreneurs are the drivers of economic and social development. They are the engines of growth, productivity, innovation and jobs. Entrepreneurship might be at its pinnacle in Anglo-Saxon economies but not in countries like Pakistan where it is still in its nascent stages, which is described as the factor-driven stage on the entrepreneurial scale in the latest Global Entrepreneurship Index.
The government has had a rather tough first year in office, missing most of the targets it promised. That is one way of looking at it, as the Institute for Policy Reforms (IPR) headed by former finance minister Hafiz Pasha has published a report named "Economic Scorecard of the PML-N government in 2013-14. Recall that prior to the Elections 2013; it was PML-Ns manifesto, which received most positive reviews from all corners, strictly in terms of the economic agenda.
It’s time for dollar shower in the country with a holy touch. The road shows for raising sovereign Islamic bond have been blessed with massive response from international financial markets. Moody’s from Singapore has assigned a provisional Caa1 senior unsecured rating to the Pakistan’s Sukuk offering.
Last month marked three years since Steven Paul Jobs (popularly known as Steve Jobs), Apple’s co-founder and a modern era innovation czar, passed away. The nostalgia around the late technology billionaire, whose penchant for aesthetic design and purely-simple products won him millions of fans around the world, refuses to go away.
October was a slow month for local lenders. According to monthly credit data released by the State Bank of Pakistan (SBP), private sector credit off take dropped 52 percent year-on-year in October 2014. Recall that contrary to the earlier fears, credit to private sector businesses had not been hit by the end of first quarter, and the fact that 1QFY15 saw the biggest ever first-quarter borrowings in recent history was a testament to that. However, come October and the tables seem to have turned.
With positives encircling cement players, the sector has started regaining its lost charm on local bourse. While investors have been tied up in tweaking their earnings’ estimates, trading in cement stocks has been in full swing.
The imposition of moratorium on KASB Bank has shaken the confidence of depositors in the regulator as a lender of last resort and has disturbed the equilibrium of financial system. There were incidences in the past (post-privatization and deregulated regime) when a couple of banks had worse circumstances than what KASB had. But the regulator came to rescue, instead of asking them to pack their bags.