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After NetSol, Avanceon, and The Resource Group, Systems Limited would be the fourth technology company to be listed on the stock exchange. The initial public offering of Systems Limited was scheduled to be held on December 5,, 2014 with the offer consisting of a total of 13 million ordinary shares.
Pakistan achieves best ever corruption ranking is a headline that will hearten you. For the fifth year running, Pakistan has seen improvements in corruption rankings, compiled by Transparency International.
Pakistans military is deemed to be the most efficient and effective state-run institution in the countrys history, having technologies, strategists and foot soldiers which are globally comparable and competitive. The institution has always been instrumental in devising the countrys foreign policy and often been the reason for aid inflows from the West and Middle East.
Better late than never! Last month, the State Bank of Pakistan (SBP) finally released rules for payment system operators and payment system providers. But the guidelines have not pleased many folks in the tech space.
Earlier this week this column celebrated the then embargoed World Development Report 2015 by the World Bank. The reason: because the bank has finally decided to throw its weight behind what behavioural economists have long been arguing for: human beings are not rational or egoistic; nor are they more or less identical. (See: BR Research column Homo economicus is dead; long live Homo sapiens, Dec 3, 2014) Now that the report has finally been released, let us shed light a little more light on what the bank has to say, followed by some criticism which will hopefully be received in good faith.
The agriculture producers had a windfall during the period 2011-13 when virtually all the commodities prices were going up after severe slump in the preceding two years (2009-10). High returns had induced framers, around the globe, to produce more than demand, and that has now resulted in excess supply in the markets. The supplies peaked in 2013, and now this higher supply phenomenon is hitting hard on the prices.
In May 1979, Amartya Sen began his Tanner lecture at Stanford University by asking the then thought provoking question "Equality of What". Yesterday, about three and half decades later, Nadeem Ul Haque, former Planning Commission boss, began a panel discussion on the political economy of inequality by asking whether and why should we troubled by inequality when in fact, in Nadeems words, "inequality is the engine of growth". Inequality is a natural phenomenon, he said.


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

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