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The International Clearing House (ICH) has become operational and effective from October 1, sources told BR Research, in compliance with the Policy Directive dated August 13, 2012, issued by the Ministry of IT. ICH is now serving as a single termination exchange for all international, incoming voice traffic.
Snowed under the old phantoms of imported cars and exorbitant inflationary pressures, car sales in 1QFY13 gashed by 30 percent quarter-on-quarter, to tally 26,806 units.
Week after week, the consumer frustration lashes out and media is abuzz over the government unleashing another petrol bomb. The governments decision on revising petroleum prices on weekly basis has gathered a lot of criticism in a small span of months.
Remittance flows in the developing world including Pakistan have remained more resilient compared to other major forms of inflows. While foreign direct investment has frittered away drastically following a thriving period from 2004 to 2008, remittances have been agile and rising in Pakistan.
It has been awhile since the potential of Thar Coal deposits was discovered, tapping which has been a painfully slow process. But, kudos to the government for finally showing some seriousness in the Thar Coal project. GoP has decided that upcoming power plants are to be converted to coal while the existing ones shall be modified to Thar coal specifications, from the current imported coal based generation.
Naegleria Fowleri, a parasitic protozoan, also commonly known as “the Brain-eater”, has snatched at least ten lives in Karachi since May this year. Various news media have reported that 15 patients have been admitted to various hospitals in the city with symptoms of having contracted this parasite.
Huawei, the world’s second largest vendor of network equipment has been attempting to make inroads into the US market for many months now, as has been its smaller compatriot, ZTE. However, a report by a US Congressional Intelligence Committee may have wiped out any chances of living the American dream for both companies.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln