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Pakistans economy has been described as a motorcycle economy. Pump in a couple of billion dollars and watch it go! Perhaps the above rationale, viewed in the context of the renewed relationship between the Government of Pakistan and its super power ally, Washington; along with stable international oil prices best explains the swing in sentiments that has been witnessed domestically over the past quarter.
As the ongoing sovereign debt crisis in Europe and the imminent fiscal cliff looming over the US weigh heavily on world economy, the clouds engulfing global growth prospects continue to darken.
Even though some positive signs are starting to dot the economic horizon, the clouds of uncertainty, particularly on the political front have not completely dispersed over business prospects in the country.
Recent weeks have witnessed a series of important developments vis-à-vis the process of auctioning the third-generation telecom licenses - a process that was delayed earlier this year after considerable activity and hype.
Slight abatement in the eurozone crisis in shape of ECBs restrictive promise of buying the debt of Spain and other troubled governments, monetary easing in the US and Japan, and softening of the oil prices are some of the minuscule signs of hope for the global aviation in 2013, according to IATAs latest financial forecast.
The YouTube ban in Pakistan entered into its third week yesterday. Government had issued orders last month to impose a blanket ban on the video sharing website in response to a blasphemous, sacrilegious video that caused outrage and indignation among Muslims. Reportedly, this decision was taken after Google Inc., the parent company of YouTube, refused to take down the blasphemous video contents.
As the sun dawns on another clear morning, the old walled city of Lahore, the second largest urban centre in Pakistan, slowly comes to life. Vendors selling everything from made-in-China remote controls, safety pins and herbal hair oils to fresh fruits and vegetables, make their way into the mass of tightly woven residential streets, calling out to customers.

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
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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