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Thriving on its vast pool of low cost deposits and higher operational efficiency, MCB Bank Limited the countrys fourth largest bank by asset size, rewarded its shareholders with fat bottom-line. The growth in profitability stems from a combination of higher non mark-up income and a significant decline in provisioning cost.
If theres one thing Greece should get adulations for, its the countrys ability to somehow make it to news headlines more frequently than any other Euro zone nation. This time, it was the transfer of Euro eight million of personal savings by the former head of a Greek State Bank to London that had international media abuzz.
The emergence of a plethora of television channels in Pakistan has come in tandem with a growing fixation among Pakistanis for TV. But at no time of the year is the nations love for TV more striking than during Ramazan.
Pounded by ambiguity surrounding the global economic outlook in various parts of the world, investors in gold are searching for clues to set the future direction for the price of the precious metal.
In a continued tussle between the judiciary and executive - the Supreme Court is one up. It outlawed the new contempt of court act passed by the parliament last month.
The reopening of NATO supply routes through Pakistan is already paying dividend for Pakistan, quite literally. The US has released $280 million assistance for Pakistans energy sector, just days after the supply routes were re-opened and the spy masters of the two countries met after a stretch of icy relations.
The latest word from International Air Transport Association (IATA) on the monthly traffic progress of the global aviation industry speaks volumes about the state of the industry. Where air travel worldwide is now aiming for a soft landing, thanks to dreary consumer and business confidence, the air freight markets continue to paint a gloomy future.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln