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One of the key conditions set by the IMF in its new programme is improving inter-provincial harmony on the fiscal front. The finance ministry is actively working on it and the best time to introduce some reforms to this end is now, before the IMF facility commences.
Earlier periods witnessed unabated growth in the top line for Engro Foods. So a drop of just over four percent in the Companys sales in 1HCY13 compared to the same period, last year at first appears disturbing.
Having recovered handsomely from last years GST fiasco, Al-ghazi tractors has once again landed in choppy waters after the government decided to raise sales tax on farm mechanization equipment including tractors to 10 percent, a decision which came into effect around January 2013.
Meezan Bank is on a roll this year. After outpacing its conventional counterparts in the first quarter of CY13, the countrys largest Islamic bank continued to impress in the quarter ending June.
In a rare series of events, Fauji Fertilizer Company (FFC), saw its profits fall owing to core business fundamentals. Although FFCs profits fell by eight percent year-on-year in 1HCY13, it is not a lost battle for the urea giant, as it still has enough muscle to flex in its core business.
Credit to private sector eked out an increase of two percent in fiscal year ended June 2013; a modest increment compared to the flat year-on-year performance of FY12. The little improvement comes on the back of reduction in weighted average lending rates following the easing of monetary policy since August 2012.
Turning attention towards social and economic development of women is the most effective and inexpensive way in fighting against hunger and malnutrition, says a latest study by Asian Development Banks (ADB) on food security in Asia Pacific region.


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln