If the slump in international oil prices is really the main factor behind the government’s decision to scrap the sales of its shares in Oil and Gas Development Company, then it appears that the divestment plans will remain shelved for quite some time.
The latest Doing Business ranking has been described in various ways; where some see it becoming difficult to do business even after the pro-business government took office, others highlight the reforms that have taken place in last one year.
Having faced a tough time in the past, non-life insurers are now reassured about a breakthrough in coming times. The market standing is gradually getting stronger as contemporary distribution methods are being explored and alliances and collaborations between sectors are evolving. Hence, these synergies are lending a warm hand in boosting the financial performance of insurers. And the latest financials of leading insurers bears testament to that.
The PIB fiesta seems to be coming to an end. Smart were the ones who were able to lock in higher yields ahead of the downfall. A sudden month-on-month decline of 49 percent in the national savings schemes (NSS) in September 2014 bears witness to the switch over in portfolio allocations and thus the rising demand for PIBs during the month.
KSE-100s record making runs for the second consecutive day yesterday has silenced many critics and doomsayers, including this column. The benchmark index closed yesterday at a new all time high of 30663 points, after hitting its new intra-day high of 30821 points earlier in the day.
Impact of sliding international crude oil prices had yet to be seen. And one such direct impact was due on domestic petroleum products prices. With reduction in petroleum prices in the country due to continuous falling of crude oil prices, the stage was finally set for the long awaited increase in OMC and dealers margins.
Banks, especially the bigger ones are having the time of their lives. CY14 thus far has been all cheers for the banking sector, primarily driven by the governments ongoing appetite for heavy borrowing at hefty rates. While the focus remains on the PIB fiesta, on which banks have feasted merrily, the period has also seen decent uptick in advances as well.