When the federal government announced a massive Rs800 billion development budget (PSDP) for the current fiscal year in June, it raised the question whether PSDPs maximum utilization would be achieved. After the end of first quarter, the development funds have been trickling down at a subdued pace.
It is interesting to read the news these days; the Indo-Pak bellicose jingoism that has no bounds has everyone on their toes -mass hysteria is not an exaggeration but it is more interesting to read what the Indian side is thinking, not least because war-mongering is entertaining or that it is not the most important issue for Pakistans sovereignty today, but because analysts on the other side offer some really compelling strategies for India. Is Pakistan even thinking strategies?
A household name in the world of textile, Gul Ahmed Textile Mills has ended the year strong; although the textile mammoths top line dipped by three percent over last year, gross profit astoundingly grew by 20 percent. The bottom line has almost doubled, and the company has announced a dividend of Rs1 per share.
Dar is finding it hard to keep the foreign reserves high; current account is under pressure, while there is no FDI to cushion. What does the government have in its kitty to not let the reserves slide, as payment of IMF and other foreign loans starting in 2017? The answer is - raise more loans!
Treaties don't last forever. But some pacts weather the test of times. The World-Bank brokered Indus Water Treaty (IWT) is one such accord. But now, some fifty six years later, it is under strain like never before. It's true that the IWT has survived multiple wars and crises between the two estranged neighbours. But can it ride out the latest bout of hostility between India and Pakistan?
Lately, the hostility between the arch rivals has increased and there is a virtual media war ongoing between the two countries. Without delving into the details of what happened and who is at fault or who initiated the tussle, the focus of this column is to assess who is to lose more economically.
Share price of ICI Pakistan went through the roof when the chemical company announced its plan to set up a facility for manufacturing Japan's Morinaga infant formula in the country. The company already has a management stake in the infant milk formula business under the name of NutriCo Pakistan Private Limited, which is importing, marketing and distributing selected Morinaga Milk Industry Company Limited products in Pakistan since 2014. And in FY16, ICI further increased its stake by 10 percent in NutriCo Pakistan Private Limited, bringing the total participation of the company to 40 percent, versus 30 percent previously.