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Three years in a row the calendar year ended with a strike in Karachi for one reason or another. 2011 ended with a transporters strike protesting on what they term as an unjustified increase in CNG prices. The 22 percent and 29 percent increase in CNG prices across two regions has been rejected by the CNG and transport associations alike, calling it a burden on the masses.
Despite the current problems faced in the economy, including severe energy crisis, high input costs and fluctuating domestic and international demands, LSM has managed an overall growth of 2.07 percent over the period July to October 2011 compared with the same period of last year.
While 2011 has many happening events to its credit, one issue got some serious spotlight, being underlined in what is commonly referred to as he worlds largest democracy - the issue being corruption.
The banks in Pakistan may not be lending to anyone and everyone, but they sure are leveraging their general banking operations. This is apparent in SBPs half yearly review of payment systems in Pakistan, which shows another six months of acceleration in retail payments and transactions in the banking system.
As soon as the Federal Petroleum Minister Dr. Asim Hussain went on air on Thursday and announced, what should have come as news to none; the fact that Pakistan faces a dire emergency in terms of supplies of natural gas, television channels went into over drive extolling the hardships that would be faced by the nation as a consequence of this shortage.
In treasury auctions, where investors behaviour is driven by market liquidity position and future macroeconomic directions, there is a normal ebb and flow.
Much as previous years, this year, too, the government remained fixated on fiscal stabilisation, and ignored the cries for reforms. This is not to say that the policymakers stayed put. The Planning Commission came up with a policy blueprint, "New Growth Framework" and publicised it aggressively.

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln