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The Bangladeshi Prime Minister doesn wear Prada; her Indian counterpart isn exactly James Dean either. But as the two mingle in Bangladesh, they have managed to gather way more attention from international media than the Pakistani Foreign Minister garnered even with her Hermes Birkin handbag and Jimmy Choo shoes.
It is not always bad being trapped in the infamous inter-corporate circular debt, at least not when your buyers and suppliers both belong to the government. This is exactly what Kot Addu Power Companys (Kapco) financial results for FY11 depict, as the power producers earnings swelled considerably despite a slide in electricity generation.
It wouldn be surprising if the federal government slashed its development spending, earmarked for this year, to cut back on its fiscal slippages yet again. However, the overriding preoccupation with fiscal stabilisation (or lack thereof) is driving the government in a different and wrong direction this time.
Nishat Power Limited (NPL) announced its full year financial results for FY11 yesterday reporting earnings of Rs5.3/share. It was 3883 percent higher in comparison to previous years earnings but stats do lie at times. Comparison with the previous year holds absolutely no significance as the company had just started its operations back in FY10.
When Chinese Premier Wen Jiabao entered Tagore International School during a visit to India in December 2010, students there greeted Jiabao in his native language: Mandarin.
Doom and gloom predictions of global economy have been in vogue since the onset of financial crisis. Expressions like double-dip recession, the Great Recession, anaemic growth, two-speed recoveries, and 15-year bear markets, have caught on with economists and non-economists alike.
Banking on a large branch network, renowned brand and a pool of low-cost deposit accounts, each of five biggest banks of the country; namely MCB, UBL, ABL, HBL and NBP posted strong first-half earnings this season. All together these banks raked in Rs40 billion, marking a year-on-year increase in earnings of 24 percent.


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln