The continuous decline in Pakistan Petroleums (PPL) gas production is not pleasant sight. The countrys pioneer in natural gas sector has been facing dwindling gas flows since the beginning of FY13. With natural gas becoming rare, a decline in gas production by PPL that generally contributes around 24 percent to total gas production in the country is an omen for some serious future drilling activity.
Here is an interesting bit about how telecom helps economic growth.
A 2009 World Bank study on information and communication for development reveals that 10 percent increase in telecom subscribers in a given period significantly contributes to economic growth for that period. The relationship works not just by way of actual dollar investment and increase in employment but also helps jack up factor productivity - paving way for long-term growth.
These might sound like comments passed during a schoolyard altercation between nine- year olds, but these are a sampling of the kind of accusations being hurled nowadays between leaders of major political parties in the country.
Fuji Fertilizer Company (FFC) tends to have the simplest of business models. The fertilizer giant announced its 1QCY13 results yesterday, registering yet another impressive performance. It sold nearly all what it produced during the quarter, unlike the same period a year ago. Despite lower prices, revenues went up the roof, as farmers queued up to buy urea.