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While rupee weakening has been gnawing the economy, the gyrations of the rupee-dollar exchange rate has affected remittances through its impacts on consumption and investment objectives.
World food prices have hit the lowest ebb since June 2012, as FAOS Food Price Index slips down 1.5 percent from October, mainly off the back of depressed global prices for a number of commodities including sugar and cereals.
Think of innovation, and the first name that comes to mind has a lot to do with technology. And this is rightly illustrated in the list of 100 top innovators around the globe issued by Thomson Reuters.
Research in Motion Limited (RIM), the Ontario, Canada-based maker of BlackBerry mobile handsets, has been in the eye of the storm for much of this year. Battling the liquidity crunch has been especially hard for the new CEO, while losing smartphone sales to fresh releases from Apple and Samsung. RIMs once-sound global smartphone market share dropped below five percent in 2012, according to IDC, a tech consultancy firm.
The global aviation sector has been fluttering in the tumultuous skies for a decade now. Airlines are vulnerable to economic cycles. With European woes escalating every moment and given the overall uncertain macro backdrop, the positive impacts arising from lower fuel prices and improved freight market are faded away, leaving the airlines on their beam ends.
As the last of the Sikh pilgrims from India make their way back from the celebrations held in honour of the 554th birthday of Baba Guru Nanak Dev Jee, there is much talk about the hospitality shown by the government towards the thousands of followers of Sikhism who flocked to Pakistan for the religious event.
When the countrys financial managers met with senior officials of the IMF, there was a little that may be considered a commendation for Finance Ministry. The Fund warned that the foreign currencies reserves are "under $10 billion in October 2012, below adequate levels;" and that headline inflation, though declining will still end the year in double digits.


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,630.47 0.33
Arrow DAX 11,099.35 0.73
Arrow CAC-40 4,835.56 0.98
Arrow Nikkei 20,522.50 0.95
Arrow H.Seng 26,282.32 0.12
Arrow Sensex 27,945.80 0.27

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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