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FY12 results of the countrys third largest exploration and production company received a warm welcome when Attock Group revealed the financial performances of its E&P wing along with other member companies, yesterday.
Where the higher oil prices were received joyfully by the E&P sector during FY12, the volatility in the international crude oil prices continued to induce unpredictability in the domestic refinery operations.
Barely a few weeks after the Karachi Electric Supply Company (KESC) got heavily criticised for its privatisation by the SPDI, it had the SBP ex-governor and the IBA Dean and Director, Dr Ishrat Hussain speaking for privatisation and how essential it is to foster development on a sustainable basis.
High adoption rate of Information and Commu-nication Technologies is essential for a country wishing to progressively shape its socioeconomic activities and interactions. Pakistan can boast an exceptional cellular teledensity (68.6 percent as of May 2012) - yet the other half of the ICT deal cuts a sorry figure in the wake of limited internet usage and abysmal broadband penetration (just over two million subscriptions).
In the cut-throat world of increasingly globalised economies, the competitive advantage that a countrys businesses, have usually decides its ability to convert global opportunities into national benefits. And for a country like Pakistan - which, like other developing nations in the world cannot boast highly specialised products- the one remaining shot at gaining some semblance of competitive advantage could have come in the form of lower cost of operations in the local market.
Every month, all eyes are set on the foreign exchange sent home by those living abroad. Worker remittances have been the only hope for a breather to the rickety external account situation, and had it not been for the Pakistani diaspora around the world sending back their hard-earned money, economic situation would have been shoddier.
With the developing world home to 87 percent of the worlds youth, challenges for youth employment differ greatly between developed and developing economies. At the core, the problems facing youth employment the world over are not solely limited to the generation of job opportunities alone; the challenge is to improve the quality of jobs available to them too, an issue which is of least priority specifically in developing countries.

 



 
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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln