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It is commonly said that if there is anything that can be done, it will be done, by you, or to you. But the federal government does not seem to be aware of this age old adage.
Luxurious interiors at branches, well groomed executives donning suits and ties, extensive spending on creating a premium brand; all these efforts are made by banks for one purpose alone: to build confidence among clients that their money is safe with the institution.
Inflation dragon is out yet again. Some call it the Ramazan effect; some say it is the rise in petroleum prices, GST. Whatever it is, the outcome is 10-month high CPI at 8.26 percent registered in July 13. Not a great start of the fiscal year then.
Hopefully the IMF is not reading. But if there is any truth in the government even considering the possibility of offering cash support to electricity consumers falling in the 200-300 per month unit bracket; they better think again.
India is opening arms to foreign direct investors these days; the question is whether it will work in Indias favour and whether it will have some kind of impact on FDI inflows to Pakistan.
No wonder! With a phenomenal 152 percent growth in investments and a muted growth in advances in the first half of CY13, the low interest rate backdrop didn spare Samba.
Failing to plan is planning to fail, they say. After years of malingering, the Planning Commission (PC) seems bracing itself for action. The incumbent deputy chairman PC, Ahsan Iqbal, has promised to transform the organisation it into a "strategic think-tank" for all things government. This marks a sharp departure from the strategic irrelevancy the organisation had been subjugated to for past many years.


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln