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Bestway Group has screwed another feather to its cap with the Co-operative Pharmacy officially becoming part of the Bestway Group. Accordingly, UKs third largest pharmacy chain and Wales largest chain is now counted in Bestway's deep-rooted and well-diversified portfolio. Recall that in July 2014, the group paid out £620 million in exchange for the pharmacy chain of Co-operative Group.
Pakistan's largest bank intends to get larger. Habib Bank Limited (HBL), in a notice sent to the KSE has informed of its desire to go for due diligence for Barclays Bank PLC Pakistan. Barclays PLC as a global strategy has decided to move out of few locations, of which its Pakistan operations are one.
A month is not a long time from a historical perspective. But Indian Prime Minister Narendra Modi was making hay in September sun. He started last month bear-hugging his host Shinzo Abe, the Japanese PM and came home with promises of five-year $34-35 billion investment in infrastructure and defense.
Public offices are a little too hesitant to play with technology. But credit must be give where it is due. Punjab Information Technology Board (PITB) has rolled out some pioneering technology solutions to automate governments business process and bring down some barriers in service delivery to the citizens of Punjab.
The idea of Corporate Agriculture Farming (CAF) in Pakistan has divided views among stakeholders right since the reported promulgation of its ordinance in 2001. CAFs champions hold the issue close to their heart, whereas its detractors term the concept an anathema to Pakistans rural economy. Before delving into why the policy couldn take off the way its supporters wanted, some contentions are summarised below.
Somewhere along the sit-ins and the floods and what not, the LSM numbers were announced. Pakistan Bureau of Statistics said that year-on-year LSM growth stood at 1.14 percent in July 2014. This, compared to 4.13 percent year-on-year growth last year suggests last years growth euphoria has tanked.
Its not exactly a wheels-falling-off-the-wagon scenario, but the manufacturing sector is exhibiting a visible slowdown. The MCBs bimonthly Purchasing Manager Index (PMI) for September shows that the index has contracted by nearly 4 points over July 2014. A confluence of factors - post-Ramazan slowdown, floods-related logistics chasms and political instability - are seen as major reasons behind this.


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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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 23, 2014
Reserves $13.465 bln