Pakistani agriculture products are the best in the world, yet the sector has not excelled to its true potential. The focus of untrained people in the horticulture field has been on increasing production, rather than on improving the quality of the product.
It has been over a month since the original auction date of the 3G spectrum license (and that of defunct Instaphone licence) passed by. PTA, the executor of the potentially billion dollar transaction remains lapsed into nirvana. By all means, there is very little probability of the auction to be completed within this fiscal year.
Asian liquefied natural gas prices have been creeping up ahead of summers towards $16 per mmbtu. This trend is likely to continue up until the end of the summer season with Japan-the largest LNG importer-gearing for its fist summers without nuclear power after the tsunami catastrophe.
Spains economic troubles are nothing short of being a déjà vu for the eurozone. Having seen quite a few economies calling for bailouts, the overriding fear is whether Spain will be walking down the same alley.
The yearly exercise of budget preparation is currently underway in Islamabad, and like previous year, this budget, too, shall pass with very little relevance and significance for people on the main street. When the budget-making process is viewed as a mere accounting exercise, then a valuable opportunity for economic reforms, trade promotion and prudent debt management is lost.
It was the month-on-month change in CPI that stole the limelight for April FY12. At a month-on-month rise of about 1.83 percent, it clocked in at a 19-month high in the month under review. The year-on-year rise, on the other hand, stood at an 8-month high of 11.27 percent.
State-owned companies in Pakistan are generally categorised as white elephants and rightly so - PIAs financial results just recently is a case in point. But, there are always exceptions to the rule and State Life Insurance Corporation of Pakistan (SLIC) fits the bill here. The life insurance market leader yesterday announced a bonus amounting to Rs.23.45 billion to its policyholders, which is the highest ever in the Companys rich history.