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The liquidity crunch at Pakistan State Oil (KSE: PSO) - having an approximately 65 percent of market share in petroleum products supply in the country - created an oil supply halt in the country earlier this year. The signs of this liquidity crisis at PSO can be seen in the firms first half FY15 financial statement announcement.
When it comes to pursuing the spirit of core banking, Silk Bank definitely stands out from the crowd. In times when the entire banking industry has fallen for the lure of lucrative yields on PIBs, Silk Bank chose the hard way by continuing to lend to the private sector. With a strong focus on advances, the bank boasts an advance-to-deposit ratio (ADR) of as high as 86 percent in the industry.
Soon after the Indian election last year all eyes were set on the first full budget of Narendera Modi's government. The irony is that it was compared to the 1991 budget presented by the Congress party, which turned India into a liberal economy and towards a new frontier. The budget speech by Finance Minister Arun Jaitley had all the trademarks of the Modi mindset.
December saw a phenomenal month-on-month growth of 18.51 percent in large scale manufacturing (LSM) index. Then again, December is a month of seasonal spike for LSM. So there shouldn't be any hurrahs there.
The country's largest exporter of cement saw a drop in sales abroad; particularly due to softer demand from Afghanistan. However local sales were beefed up, thanks to firm domestic prices. Growth in domestic dispatches was sketchy, however the top line ticked up by a reasonable 9.8 percent during 1HFY15 compared to similar period of the previous fiscal.
Like its peers, Bank Alfalah posted high double digit growth both in the revenues and in bottom line. No doubt 2014 was a high profitable year for Pakistan's banking industry, which has benefited from the government's conscious efforts of re-profiling its domestic banking debts maturity.
Faysal Bank treaded cautiously in 2014; keeping costs in check to boost profitability. Its mark-up earning increased by 16 percent while the interest bearing expense was up by just nine percent to make the net mark-up income growth 28 percent for CY14. There was no significant change in provisioning as the core income after provisioning jumped by 31 percent.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln