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Shift political volatility on the first rung of the risk ladder; foreign direct investment, an already scarce inflow in the country, is likely to get a serious blow this time.
Brent crude oil price is trading at around 112 dollars and the West Texas intermediate is selling at approximately 94 dollars per barrel. The prices have remained resilient for some time now thanks to the improving market sentiments and world economy, speculation gains and stronger demand particularly in China.
Chartered accountancy remains one of the more sought after professions for Pakistani college students. This is despite the visible plight of CA students who are (or once were) unable to clear their modular exams for years, despite multiple attempts.
Some expected bloodbath on the streets of Islamabad yesterday as the Long March gained strength, but luckily, it wasn to be. The bloodbath was rather witnessed at the Karachi Stock Exchange, which saw its benchmark KSE-100 index fall by a massive 525 points, soon after the Prime Ministers arrest order news broke.
Had you invested in wheat or flour in the past year instead of gold, your investment would have grown numerous folds by now, rightly depicted by a comical illustration in a local newspaper.
Gold has always been especially golden for people in India and Pakistan. But the former, with its population of more than one billion people has a very strong influence of its gold addiction on the global gold market and also on its own national economy.
The precious metal has again gotten the needed boost from all corners of the world. After an erratic spell that lasted as long as the moot over the fiscal cliff, gold prices stabilized a tad once the last-minute deal on the fiscal cliff was reached.

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln