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The bitter-sweet duel between sugar mills and government authorities, which started in May this year, is far from over. Just when one thought that the millers finally had it their way, the ECC decision to postpone acceptance of the offers received in the TCP gallop tender of November 4th threw a spanner in the works.
Not working up to join the ranks of emerging economies may seem like a blessing in disguise for Pakistan now that the European Commission has decided to cut aid to 19 emerging economies from 2014. The list of EUs de-listed countries includes Brazil, India, China, Argentina, Peru, Colombia, Malaysia, Indonesia and Thailand.
CPI numbers for November 2011 came as a pleasant surprise with year-on-year inflation for the month showing an increase of just 10.19 percent. This is the lowest year-on-year inflation not only for this fiscal year, but also for the last 23 months as a lower hike in a similar comparison was last witnessed in December 2009 at 8.8 percent.
International markets have been abuzz with expectations that rice prices would rise in the aftermath of floods in Thailand. According to an estimate by USDA, floods destroyed more than 20 percent of the rice crop in Thailand, which accounts for more than 30 percent of global rice supply.
Competition is an essential ingredient for free markets. While some firms thrive of it, others may barely survive as a consequence of heightened competition. There is always a possibility that unscrupulous market players, and those on the verge of being competed out, may resort to unfair practices to achieve their ends. That is where a competition agency steps in, strives to flatten out the business landscape and provides the proverbial level-playing field.
2011 surely is the year of uprising. From the beginning, the world saw protests, strikes and disobedience against corruption and suppression-the wave which started from the Africa and Arab league spread all across the globe, including India and the Wall Street.
No one knows better than treasurers-who had booked losses on their holdings of sovereign instruments yesterday-the cost of incorrect interest rate forecasts.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln