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Boy do the politicians love running in circles. We e now being told that there is no "technical solution" to ending the YouTube ban. So if its now "proved" that its a fools errand running after technical solutions, shouldn the popular video-sharing and hosting platform be restored then? No, sir, the ban will remain in place for an indefinite period, informed the IT and Telecom minister to the Senate last Friday.
By now we all know that 7MFY15 remittances numbers crossed $10 billion; it stood at $10.35 billion to be precise. That makes a year-on-year growth of 14.61 percent as against a growth of 10 percent last year. Clearly, the full-year central bank forecast of $16.7 billion seems easily achievable, especially considering that the last quarter of each fiscal year is usually marked by spiked growth in inflows.
Lotte Chemicals tale of losses has been worsening with every quarter passing by. CY14 turned out to be no exception to this, with its losses after taxation ballooning by over twofold to Rs1.1 billion.
Don't be surprised to hear that this is also true for Pakistan. While entrepreneurial development is a key agenda for the global economy, start-ups especially those using technology have also started to develop grounds in the country. While the volatile security and political environment has deleteriously affected the investor sentiment and entrepreneurship climate, it seems that the rise of internet usage and social media has laid the building block for an entrepreneurial environment in the country.
The week started with all major national newspapers carrying a photograph of the Prime Minister taking on the job of price commissioner as he walked through the fresh fruit and vegetable stalls in Aabpara market. But make no mistake: the Prime Ministerial tour was nothing more than a photo opportunity.
The Pakistan Telecommunication Company Limited (KSE: PTC) has been a star performer for some time. But the same cannot be said for its CY14 performance. All three profit margins of the telecom giant have slumped during the year. Net profits have declined by nearly 60 percent over previous year. So what happened?
Allied Bank Limited (ABL), one of the top five in the country, had had an amazing run of late, and the CY14 financial results consolidated its position further. From top to bottom, it is hard to find even a single glitch in the profit and loss statement, showing how well ABL has responded to a tough set of conditions.


Index Closing Chg%
Arrow DJIA 18,096.90 0.58
Arrow Nasdaq 4,967.14 0.26
Arrow S&P 2,098.53 0.44
Arrow FTSE 6,919.24 0.44
Arrow DAX 11,390.38 0.98
Arrow CAC-40 4,917.35 0.99
Arrow Nikkei 18,703.60 0.59
Arrow H.Seng 24,465.38 0.96
Arrow Sensex 29,380.73 0.72

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln