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The Universal Service Funds (USFs) have received a scathing examination by the global GSM Association. The body of over 800 mobile network operators from over 220 countries studied USFs in 64 countries (including Pakistan) and suggested that USFs had proven inefficient and ineffective as a means to reach universal service, and therefore be considered for shutdown.
May 11 will see the hottest general elections in recent memory. Hottest, not just as a metaphor for all the political heat that surrounds the country, but literally.
Tax authorities in the country seem content with milking the same cow dry, instead of bringing the fat cows in its barn to expand the tax net. What else then explains news reports of new proposals for the budget FY14, calling for higher taxes on salary earners?
After much revision and hand wringing by officials at the Ministry of Textile, the cotton production target was scaled down from 14.6 to 13.3 million bales at the start of this year.
Although certain segments of the economy appear to be performing better in recent months, economic growth in the country is still well below the target.
Into its fifth year, branchless banking (BB) continues to register impressive growth in terms of both sector infrastructure and activity volumes. Meanwhile, the State Banks reporting on the BB sectors performance has entered its sixth quarter, and the latest BB Newsletter (Issue 6) for the period October to December, 2012 also shows many improvements and modifications in data reporting.
Dabbling in risk-free government securities seems to be the favourite past time of the countrys big banks. Askari Bank (AKBL), despite being small, has been following the tide for quite some time now.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln