Auto firms in Pakistan have been operating for decades now. Yet they haven’t been able to outsmart the imported cars. Whatever may be the reason – inefficiency on the manufacturers’ front or policy inconsistency, the outcome remains unfavourable for the local industry as customers prefer imported variants over local alternatives.
With only 23 days left to General Elections 2013, all eyes are on Punjab. And with the analyses making rounds, Northern and Central Punjab is tipped to be the battlefield, as experts opine that PTIs emergence as a substantial political force has made this part of Punjab, an open ground.
Not many people know this. But one of the biggest economists of 20th century, John Maynard Keynes, thought that gold possession had a Freudian thing to it. Keynes was an ardent follower of the famous Austrian psychoanalyst and many of his thoughts were based on the Freuds multi-staged infantile psychology.
It does not settle well when oil and gas production by and exploration and production (E&P) company continues to go down. And unstiffening of production at Pakistan Oilfields Limited (POL) has kept a lid on the companys share price, which has disappointed the benchmark index over the last six months.
It is either expansion or dividends, and equity investors know it. This is why Attock Petroleum Limiteds (APL) share price has not shown positive movement since the companys bid to acquire Chevrons assets and the likely hold back of dividends further.
PTCLs stock had been making waves at the stock market of late. From Rs13.63 in August 2012 the stock jumped to Rs20.17 by yesterdays close. Here is part of the reason why: following the Voluntary Separation Scheme the firm has started benefitting from workforce rationalisation while its revenues from LDI business are providing a boost.
Cloaked by the protectionist policies extended regime after regime, Pakistans textile industry is a coddled child. And the outgoing government has done more than its share to fuel the industrys incompetency during its reign.