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TPL Direct Insurances flight to value-addition is progressing swiftly. Greenoaks Global Holdings Ltd, which is a UK-based insurance venture and an affiliate of Rosewood Insurance Group, seems keen to take the possession of this Pakistani insurance player that holds no more than 2 percent share of Pakistans private non-life insurance sector.
The oil and gas marketing sector has been in the news lately for some relevant positive and negative reasons: Declining international oil prices, a decrease in local prices, and the OMC margins increase and the rising circular debt levels.
Road shows - check. Book building – check. Political turmoil – check. Slump in oil price – check. The last two ticks had the final say in the OGDCL share divestment plans, which have now been shelved, at least for the time being.
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.

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln