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.
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.