National Fertilizer Development Centre (NFDC) released the latest fertiliser statistics for February 2012 and the picture it paints is anything but rosy. Farmers did not queue up to buy much urea during February 2012 as only 160,000 tons were sold - the lowest in 25 years. There does not seem to be any apparent reason for this drastic drip on urea off-take as prices remained pretty much intact at the previous months level.
e numerous technology start-ups at our fingertips almost every day. Think LinkedIn, Facebook, or the ever-dependable Google.
In an economy like Pakistans, where the services sector has accounted significantly for real GDP growth in the past few years, technology start-ups are veritably the way forward, and companies like Rozee.pk are a testimony to that.
The remittance flows to the developing countries were in excess of 325 billion dollars in 2010, according to the World Bank. Naturally, the financial, telecom and technology companies would want to have a shot at this lucrative market, and it appears that in some regions they are!
What one witnessed on the streets of Lahore, Faisalabad, Sialkot and other cities in Punjab, could well be a trailer of what is to come next. What is more worrisome is that the summer season has barely started.
First it was the IMF; now its the World Bank. Last year in June, after much moot and gripe by the developing world over who would head the IMF after the resignation of Strauss Kahn, a European candidate - Christian Lagarde - was appointed.