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.
Allowing Pakistanis to invest in India is a good reciprocation to the existing allowance for Indian investors to invest in Pakistan. But, the real hindrance is the Ministry of Interior in Pakistan and its counterpart, the Home Ministry in India, for the lack of investment seeping across borders.
The Summer Olympics are going on with all the fervour, with people swimming faster than before, getting medals for jumping higher than ever, and being lauded for lifting weights heavier than before. London gets a major share of the glory, being widely touted as being the first city to be holding the events for the third time. Do gains on the economic front match the fanfare seen around the games?
Social media is now a force to be reckoned with in Pakistan. After Facebook, now the micro blogging website Twitter is going great guns. Socialbakers-a global social media and digital analytics company-estimates there are nearly 7 million Pakistani users on Facebook. Roughly three million Pakistanis are said to be on Twitter.
CPI numbers released by the Pakistan Bureau of Statistics yesterday came as quite a surprise as the reported single-digit CPI is the lowest since December 2009. The month-on-month number also showed a decline after seven months.
The stroke of the pen delivered by Rear Admiral Farrukh Ahmed may have done to improve the countrys chances of evading another balance of payments crisis for the time being more than the efforts of the entire Finance Ministry combined.
With household incomes in the developing world rising consistently, spending a large portion of disposable income on food has become a norm. This has translated into an astronomical increase in global consumption of food items leading experts to raise red flags about its impact on the future of the worlds food basket.