A major chunk of foreign investments is going into energy projects. And almost all of these are by Chinese firms. China Pakistan Economic Corridor is proving its worth to the country - even to those with little faith the government's policies.
If the sector roundup by the country’s leading property portal is anything to go by, the country’s real estate market fared well in 1QFY16; Zameen.com’s market report for the first quarter of FY16 illustrates a largely positive first quarter for Pakistan’s real estate sector.
Thomas Piketty recently asked a very valid question: “How should we interpret the incredible success of the ‘socialist’ Bernie Sanders in the American Primaries?’” He is not alone in asking this question. There is no doubt that the rise of Donald Trump to the top of the Republican primaries is impressive and has captured the media’s attention from the start of the campaign season. However, Trump has also obscured more the meaningful story of Sanders, who has not only given a serious challenge to Hillary Clinton, but who also has perhaps changed the future of the Democratic Party for many decades to come.
All time low interest rates are sure to have an impact on most banks? top line this season, and Habib Metropolitan Bank (HMB) has felt the pinch too. The balance sheet has been growing alright, but low interest rates ensured the yields remained thin, hence a drop in top line growth.
Findings from a latest Quality of Service (QoS) survey confirmed what many in the twin cities have come to experience: Zong is providing far better mobile broadband speeds than other operators. This is according to brief findings released by the Pakistan Telecommunications Authority in its recent QoS survey done in Islamabad, Peshawar, and Rawalpindi. The survey is reportedly in progress in other cities.
While we celebrate another spectacular month of auto sales in FY16 (Read "Marching auto sales," published April 13, 2016) lets not forget to mourn the tractor industry; for the nine months ended FY16, tractor sales have plummeted by a third year-on-year, while production is down 39 percent. This is in spite of a four-decade low policy rate, increased credit to the agriculture sector, and lower fuel prices.