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June closed on FY12s trade figures with a hint of a caveat for FY13: the countrys exports of textiles, the leading export group, declined by over five percent on a month-on-month basis.
There is nothing much to talk about money growth in FY12 except for government borrowing which breached all records; reaching an all time yearly high of Rs1.2 trillion - more than twice of the worst year of the previous regime (FY08). The stock increased by a massive 40 percent last year to take net government borrowing to Rs4.3 trillion.
Kidnapping for ransom is an old, established and organised crime in Sindh, particularly in Karachi. Typically, well-to-do businessmen and other affluent people would be picked up by a group of kidnappers, who would then quickly hand over the abducted person to another group for a fee.
Last week, crude prices gained a seven-day streak, when they rose to eight-week high. This was neither due to any brightening-up signs of the global economy nor any refreshed demand for oil.
Can digital footprints lead to greater financial inclusion? This was the question that the researchers at the Consultative Group to Assist the Poor, a reputable research and policy center at the World Bank, set out to explore. After all, there are over two billion people in the world who have mobile phones but no bank accounts, with majority of them in low income segments.
Economic growth in todays world has been dubbed as being two pronged; growth in the emerging economies, and the relatively slower pace of economic growth in the developed world.
The curtain finally closed on the balance of payments for Pakistan with the current account deficit clocking in at a whopping $4.5 billion for FY12 against a surplus of $214 million in FY11. In fact, the April-June quarter was particularly hard-hitting for the country, recording the worst current account deficit amongst all the four quarters at $1.5 billion.


Index Closing Chg%
Arrow DJIA 17,067.56 0.18
Arrow Nasdaq 4,598.19 0.39
Arrow S&P 2,002.28 0.05
Arrow FTSE 6,829.17 0.06
Arrow DAX 9,507.02 0.30
Arrow CAC-40 4,378.33 0.03
Arrow Nikkei 15,668.60 1.24
Arrow H.Seng 24,749.02 0.01
Arrow Sensex 27,019.39 0.57

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln