Despite being an agrarian economy, Pakistan lacks the essential infrastructure that is needed for safe storage and transportation of farm produce. Since almost all of the agriculture produce is perishable the unavailability of infrastructure results in heavy losses.
Speculations are rife over the cotton outlook for 2012 after high volatility in the previous year. For cotton growers, 2012 started on a positive note as cotton prices nudged higher at the beginning of the year. Since then the commodity has shot past the psychological benchmark of $1 per pound in market prices; fuming speculation that cotton rates may persist at higher levels.
Rice sales typically peak between March and July and Pakistani exporters should be gearing up for the market to heat up in more ways than one this year. The period is crucial as later in the year, exports from Thailand and Indonesia enter global markets.
One tends to find, almost all the time, someone within their sight texting, or "SMSing" if you will. Social interactions also indicate that Pakistanis, of varying backgrounds and age cohorts, are savvy users of the short messaging service.
After the two abortive Treasury bill auctions in a row (held during the past month) where investors not only shunned sovereign papers but also demanded higher yields, what does the success of the recent Treasury bill auction suggest?
The year embarked with a pesky start for airlines and travellers as they wittingly yet unwillingly waited for a rise in the cost of flying. With hardly any reputable carriers left to operate to and from Pakistan, the country sadly is not a preferred destination for foreigners.