The fall in urea and DAP application in FY11 may be attributed to last years floods. But the key reason for the fall in demand have been steep product prices, which are at all time record high levels currently and are expected to rise further.
While the marginal current account surplus is being touted and cherished by policymakers, its equally important - but usually sidelined - sister-component of the balance-of-payment has not been making the headlines yet. However, it appears that soon it will.
The legendary Pakistani sweet tooth, guilty of over two kilograms monthly sugar intake per capita, is especially vulnerable in the month of Ramazan. Not only do the taste buds crave for more, the sugar prices also cause mayhem, as witnessed in the not-so-distant past.
Pakistan is in the midst of a crisis characterised by interwoven economic, political and security challenges and Karachi is the city where the business of anarchy and chaos is booming since quite some time.
Cricketing icons have often smeared their otherwise flawless careers by inviting allegations of chasing records instead of playing for victory. Now it seems the Federal Board of Revenue has taken the wrong leaf from the same playbook.