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The bottom-line performance of the countrys largest commercial bank in 1HCY11 remained pale in comparison to the other giant banks. The National Bank of Pakistan (NBP) has reported an increase of 3.5 percent year-on-year in its profit during the 1HCY11, which is relatively low compared to double-digit growth in earnings recorded by UBL, MCB and ABL in this season.
Own a business in Karachi and have never been asked for extortion money? You are either lying or are very lucky. The economic and commercial hub has got no respite even in the holiest of months as the killing spree continues - this time with a slightly different ethnic dynamic than the previous episode.
Rising demand for vehicles despite rising fuel costs, has kept Suzuki more than pleased. The local auto giant saw its sales turnover mount six percent in 1HCY11 against 1HCY10.
The current account like a four wheel drive has so far shown resilience on the bumpy road that is our economy. After beating all forecasts including that of the central bank; it was marginally in the green for the first time in seven years.
It was only a matter of time before the government let the oil marketing companies (OMCs) and petroleum dealers increase their margins, in line with the industrys long standing demands.
Large-scale manufacturing gathered pace over the course of the outgoing fiscal and data released by the Federal Bureau of Statistics, earlier this week cite year-on-year LSM growth at 1.14 percent.
FDI (Foreign Direct Investment) provides a strong impetus to economic development in a country such as Pakistan which is heavily dependent on foreign inflows. Foreign investment has faced a constant decline ever since it peaked in FY07 and squeezed to less than a fourth in the past four years.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln