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In thirteen years (2000-13) government had issued PIBs worth of Rs1,367 billion, while on the other hand in mere nine months of 2014, finance ministry has sold PIBs valuing Rs 2,143 billion. The additional cost of debt servicing to the federal budget of such a humongous switching from T-Bills to PIBs is Rs54 billion per annum (5% of total debt servicing).
Technology, which literally means the application of scientific knowledge to practical problems, is inherently neutral. That means technology can amplify good or bad phenomena, behaviors, norms and attitudes. As Pakistan's population has unequal access to and usage of different resources, the policymakers need to be careful that technology does not exacerbate existing inequalities in the society.
If all goes well Pakistan's parliamentary system will see a technological uplift in a matter of months. Speaking at the UNDPs conference on Technology and Strengthening Democracy, Marriyum Aurangzeb, PML-N MNA, said that by the spring of 2015 Pakistani parliamentarians will have computers on their desks in the parliament - a measure that will (hopefully) help smoothen their work flows.
The World Bank's latest South Asia Economic Focus is out, and from it appears it hardly adds anything new to the discourse within Pakistan's economics community. Since January 2014, and more so after July 2014, the generally accepted story is that Pakistan's stability and a potential take-off has been compromised by the governments failure to roll out the reforms, and the ongoing political crisis. The same views seem to have been buttressed by the bank.
Royal Philips started its journey over a century ago in a small serene town of Eindhoven, Netherlands, where it invited around hundred media delegates from every corner of the world to proudly announce its strategy to cater to the needs of growing urbanization in the healthcare and lighting businesses. The idea was to let the journalists experience the innovation Philips envisions in the modern world. Some of its new solutions are in practice in the developed world and a few are piloted in the deprived regions.
As unfortunate it is, privatisation and litigation in Pakistan go hand in hand. Pakistan Steel Mills is a case in point. Though quite not the same, governments efforts to offload 10 percent of its stake in the countrys largest E&P company, OGDCL, face a stern test. The Khyber Pakhtunkhwa government went to the Peshawar High Court and got a stay order in favour. Expectedly, the federal government rushed to the Supreme Court and got it reverted, albeit, partially.
In Pakistan's industry insurance, small players are aiming big. In the ongoing rounds of mergers and acquisitions taking place in the insurance sector, TPL Trakker has recently entered into a sale purchase agreement (SPA) with Greenoaks Global Holdings Ltd (formerly Roosewood Insurance Group).


Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln