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Despite adverse weather conditions in many of the worlds leading rice producing countries, global rice production is forecasted to reach 720.7 million tons - the highest level ever.
"We don want them taking advantage of the United States," US President Barrack Obama reportedly said about China at the twilight of the Asia Pacific summit in Honolulu on Sunday. He was referring to the latters currency exchange rate, which the US alleges has been kept artificially low to keep Chinese exports competitive world over.
Following the promulgation of a presidential ordinance in December 2005, the Intellectual Property Organisation of Pakistan emerged as the sole body for protection and enforcement of intellectual property rights in the country. After passage of nearly six years, and despite being under the administrative control of the cabinet division, the IPR track record of Pakistan looks unsatisfactory.
Thriving on growing investments in government securities, along with a pool of low-cost deposits and relatively high KIBOR levels; the five largest banks of the country registered hefty growth in profitability, during the first nine months of 2011 compared to the same period last year.
With the West mired in economic woes of its own, several countries in Asia are turning towards regional peers to establish a firm ground in this emerging hub.
The phrase itter-sweet aptly characterises the relationship between the sugar industry and the concerned government authorities in the recent past. For nearly six months, the two have been at loggerheads over sugars official procurement and local market prices.
The eurozone appears to have secured a perpetual spot on the global media these days. After the fiasco over prospects of Greece, Italy has joined the bandwagon of the so-called sick eurozone members. The ailment afflicting Rome is the same as that faced by many weak states of the bloc-an unprecedented debt crisis.


Index Closing Chg%
Arrow DJIA 16,614.81 1.31
Arrow Nasdaq 4,419.48 2.40
Arrow S&P 1,941.28 1.96
Arrow FTSE 6,372.33 1.68
Arrow DAX 8,886.96 1.94
Arrow CAC-40 4,081.24 2.25
Arrow Nikkei 14,804.28 2.03
Arrow H.Seng 23,088.58 0.08
Arrow Sensex 26,575.65 0.55

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln