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There are good SROs and bad ones. The latest SRO notifying revision of GST on petroleum products from 17 percent to 22 percent would not irk the headquarters in Washington. Pakistan is supposedly on the path of eliminating SRO culture, but you have little choices when most if not all your eggs, are in one basket.
At the turn of the century, sales of motorcycles took off in the country as the government altered its policies towards the sector, encouraging local players to set up assembly plants and produce an increasing proportion of parts within the country.
2015 is here! And its the time for masterminds to work on building strategies, policies, recommendations to address the challenges and disputes prevailing globally. In this regard, Outlook on the Global Agenda 2015 released by World Economic Forum recently, talks about the key challenges that the global economy is expected to face over the next 12 to 18 months.
The finance ministry is in dire need to take some additional taxation measure to come anywhere close to the FBRs optimistic target of Rs2810 in FY15. The target requires a growth of 24 percent over the last years collection. With half the year almost gone, FBR revenues are likely to fall short by Rs100 billion from the IMFs six months target of Rs1195 billion.
With December drawing to a close, the three-month conference season is finally about to end. That is not to say that conferences will not be held in the ensuing months; it is just that, if yesteryears are any guide, the schedule will not be so hectic - at least until April-May when pre-budget lobbying begins.
The recently-released statistics by the PTA suggest a turnaround in the telecom industrys fortunes. No points for guessing that is mainly because of the heavyweight 3G/4G auction that took place early this year.
On December 24, the National Assemblys Standing Committee on Information and Broadcasting, senior officers of the Ministry of Information and Pakistan Electronic Media Regulatory Authority (PEMRA) held a meeting "to discuss media related recommendations to counter terrorism".


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln