Textile exports were targeted at $16 billion for this year (FY12). But with international sales of the countrys total textile sales abroad only managing to reach $10 billion, it is evident that another $6 billion of exports over the next two months is unlikely.
Though the IPO is neither a puffed up one nor too exciting, market majority seems to agree on oversubscription for TPL Trakker, a satellite vehicle tracking company offering fleet management services and vehicle security in Pakistan.
Gladly not classified as nascent, it seems that the climate for public private partnerships in the country has not been amongst the worst in Asia, as pointed out by the recent study by ADB in collaboration with Economist Intelligence Unit.
The Finance Minister said in his budget speech yesterday that the entire Federal PSDP, for the outgoing fiscal, has been released and utilised. Not really, because as of yesterday, the Planning Commission is yet to release nearly a quarter of its mandated funds disbursal limit of Rs.228.4 billion. But the Ministers assertion reveals more: no cuts in development funds and speedy disbursals come in next fiscal year.
Reduction of customs duty on 88 pharmaceutical raw materials! What could have been better? A lot! The slashing of the customs duty on the sectors eighty eight raw materials sound good only as long as one does not know the actual number of imported raw materials that go in the production of medicines and drugs.