Does getting insured feature on the to-do list of Pakistanis? Even the most ambitious estimates put life insurance coverage to less than 10 percent of the population. One would think that the security situation in the country will force at least the breadwinners in a family to get life insurance. Whether they feel that need or not, the insurance companies and now the telecom firms are really hoping they would.
International crude oil prices now stand at a 5-month low and there is enough consensus in the market that it is slated to go down further. WTI crude oil was seeing trading at $94 a barrel on Friday as Iran was nearing another round of talks with P5+1 countries over its sanctions and nuclear programme.
Pakistan has a hostage problem. It is captive to Taliban in its own territory. The economic system is plagued by investment-saving gap. As a consequence, economic stability is dependent upon financial support by multinational lenders, the US and its allies. In such a complex situation its tough to apply the writ of the state in letter and spirit.
Our European friends finally came through. Pakistan is on its way to qualify for the much-lobbied duty-free access to the 27-nation European Union (EU) market, following a recent favourable vote by its international trade committee.
In late July 2009, this column carried an article titled KESCs privatisation: Patience is virtue which made a case against the then increasing voices that called for renationalization of the power company. Thankfully, those voices were largely ignored, and the KESC was allowed to remain privatized.