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Silk Bank (KSE: SILK) has started to turn it around. No comparison to the bigger brothers, but the improvement is worth applauding. Heartening to see, Silk did it the hard way. It lent more and significantly more than it invested in the risk-free parking-lot that is the PIB. No wonder Silk boasts one of the highest ADRs in the industry, touching 78 percent.
For Samba Bank (KSE: SBL), there is much to savour. The bank closed the nine-month period ending September 2014 with a whopping growth of nearly five times.
Adamjee Insurance (KSE: AICL) is losing its footing. Sliding profits and segmental losses have been the highlighting traits of the firm since the beginning of CY14. And the financial results for the nine months ended September 2014 further cemented that waning trend.
The industrial ingredients giant, Rafhan Maize Products Limited (KSE: RMPL) had a bright start this year, and the last two quarters have tried to catch up with the first quarter result.
A recent report by Alif Ailaan - an education communications campaign platform - confirms what many conscious Pakistanis already dread: the education conundrum is starker than it meets the eye.
Could a banking shareholder ask for more? Toxic assets are thinning whilst corporate lending is marginally picking up, low-cost short-term deposits keep on adding up; and the icing on the top is a government willingness to borrow at exuberant rates.
Last fiscal year was a year of overhauls for the IPPs around the country. Now that the major overhauls and repairs are over, with no maintenance activity for Kot Addu Power Company Limited (KSE: KAPCO) occurring in the last nine months, the firm should be back to its usual efficiency.


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

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