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And the Gas Sales and Purchase Agreement (GSPA) has finally been inked between Pakistan and Turkmenistan on the much-hyped TAPI gas pipeline deal. The government is obviously claiming it as a key milestone towards the completion of the project, but experts opine that this is an overly simplistic view of the complex proceedings that await the fate of the TAPI deal.
With the remittance level above the $1 billion mark in October, the countrys policymakers must have breathed a sigh of relief. A sudden and significant drop in workers inflows to the country in September, after witnessing high inflows for about six straight months, was enough cause of concern for the authorities.
As Europe struggles hard to float out of a very turbulent crisis, - going to the extent of appointments of echnocrats in key political positions in Greece and Italy - other countries in the world are shifting in their seats.
With the change in the weather from summer to winter; the focus is now starting to shift from power to gas, but load shedding remains an all-weather phenomenon. The Economic Coordination Committee (ECC) earlier spelled out the gas curtailment plan for the winter months, although the same was cheerily named the load management plan.
Despite adverse weather conditions in many of the worlds leading rice producing countries, global rice production is forecasted to reach 720.7 million tons - the highest level ever.
"We don want them taking advantage of the United States," US President Barrack Obama reportedly said about China at the twilight of the Asia Pacific summit in Honolulu on Sunday. He was referring to the latters currency exchange rate, which the US alleges has been kept artificially low to keep Chinese exports competitive world over.
Following the promulgation of a presidential ordinance in December 2005, the Intellectual Property Organisation of Pakistan emerged as the sole body for protection and enforcement of intellectual property rights in the country. After passage of nearly six years, and despite being under the administrative control of the cabinet division, the IPR track record of Pakistan looks unsatisfactory.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln