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The convenience and the rising awareness about the health benefits of packaged foods have spiked their demand, as has marketing efforts by food companies.
The appointment of Mumtaz Haider Rizvi as acting chairman Federal Board of Revenue (FBR) alludes to the governments satisfaction with the status quo at FBR; and for good reason. Ever since the government announced its revenue collection target of Rs1952 billion for FY12; independent analysts have appeared unimpressed by the governments ability to notch up its tax to GDP ratio at 4.7 percent of GDP.
Moodys investor service has maintained Pakistans B3 rating in its annual report. With this rating Pakistan stands abreast of Argentina, Belarus, Belize, Jamaica, Moldova and Nicaragua.
Pakistan and Indonesia have ratified a Preferential Trade Agreement (PTA) clearing the way for trade liberalisation between the two countries. Under this agreement, Pakistan will offer preferential tariffs to Indonesia on 287 tariff lines, while Indonesia will reciprocate with similar offers on 216 tariff lines.
Ugly choices are what seem to be left for Greece these days. Lucas Papademos, the Greek Premier was unable to convince party leaders to accept strict austerity conditions in exchange for a second 130bn euros bailout, raising concerns that the country may be quite close to a default.
Pakistan is yet to undergo a penetration in broadband services, the likes of which the country witnessed in cellular services. The official statistic of 1.65 million broadband subscriptions (September 2011) and unofficial estimates of 19.8 million PC internet users (June 2011), indicate that a vast majority of over 100 million adult Pakistanis is missing out on the academic and socioeconomic benefits of broadband.
The uncertain political environment, fears of global recession, changes in interest rates and power shortages, led large capital outflows and low participation in capital markets throughout 1HFY12. National Investment Trust (NIT), the pioneer of mutual funds in Pakistan also had to face these market adversities.


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln