The caretaker government in its dying days has made it easier for the upcoming energy managers of the country. The government has decided to restrict the use of CNG up to 1000-CC vehicles, of course public transport being an exception.
Oil prices have been drifting lower recently. Since February this year, crude oil prices have slipped by 11 to 12 percent. Unlike early 2012 when geopolitics dictated major fluctuations in price movement, crude oil prices now are largely being governed by the market forces.
With the country receiving loans for 29 years now, total external debt stands at a whopping $60.8 billion as of March, 2013. Considering the population of approximately 176.7 million, roughly each Pakistani is indebted $344 per head. And when domestic debt is taken into account, the per capita indebtedness soars to over $849 per head.
One misperception attached to the power sector is how increasing the generation capacity will bring respite to the ailing sector. What many forget is that it is not about capacity enhancements or new power generation plants but the actual generation that has remained stagnant for so many years.
If Pakistan is to continue relying on remittances to support its current account imbalances, then increasing the quality of labour exported is of paramount importance. At least that’s what the reading is from a recent remittance report by the International Fund for Agriculture Development and the World Bank.
The Prime Minister of the United Kingdom David Cameron announced last week that hi government plans to launch a state-backed mortgage financing scheme, with a view to provide homes and generate jobs.
Here in Pakistan, the Prime Minister in-waiting, Mian Nawaz Sharif appears to be considering the introduction of a similar programme.
Branchless banking (BB) service providers have taken solo flights thus far. Pakistan’s four-year old BB sector is currently dominated by banks and telcos that have relied on their own infrastructure and agent networks to penetrate this largely unbanked market. While banks have allowed their agent networks to serve customers of any telco, each telco has restricted its BB agents to serve only its subscribers.