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Considering options for its stake in Karachi Electric Limited (KE), the Abraaj Group has stirred some excitement. The move is significant, especially from KEs perspective, as the company has transformed incredibly during the last five years in operational effectiveness, financial performance and sustainability.
Dar and company can pat their backs or ask them to be patted, as the inflation target for FY14, as expected, has been easily met. The PBS reported June year-on-year inflation at 8.22 percent, largely in line with market estimates of below 8.3 percent.
When Pakistan Bureau of Statistics released its monthly export numbers for April last month, many pundits had started crying wolf about the troubles brewing in textile sector following the exchange rate appreciation. This months data release, however, somewhat debunks that thesis.
Those who pocketed gains from the KSE skyrocket can go on a long, dreamy vacation. And those who have passed over these two very exciting years, we can feel your pain!
Those who had thought smartphones-of the branded, top-vendor kind--would remain perennially pricey for a rude awakening. Within one month, we now have two of the most prominent tech names, Google and Mozilla, announcing their plans for amazingly low-cost smartphones.
Even after adopting Article 25-A of the 18th Amendment to the Constitution that calls for free and compulsory education for children aged 5-16, more than 20 million children still remain out of school. Thats a big number. Lack of good governance, like in other sectors, is a major reason for the education apartheid in Pakistan.
The bedroom is certainly where the heart is and its difficult not to lose ones heart over the range of crisp subtle bed linen. According to the data released by UN Comtrade--an extensive database of global commercial trade--"bed and other linen is still Pakistans top 2013 export, but rice and cotton yarn are closing in."


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln