Despite missing its revenue targets in all four months of the ongoing fiscal year, the FBRs performance evokes a mixed response. On one hand, the Rs635 billion in reported provisional collections during the Jul-Oct period are a healthy 16.3 percent more than the same period of last year.
The top line of the largest Islamic bank of the country that is not fazed by cuts in discount rate. Modest growth in earning assets, quarter on quarter, sustained MEBLs top line well in 3Q CY13, whereas most of the other players in the industry endured the pain of rate cuts.
Where the countrys separated half is expected to be part of Legatums 20:20 vision-twenty countries that are predicted to move up the Global Prosperity rankings by 2020 if they continue on their current path-unfortunately, but unsurprisingly! Pakistan is amongst those that are facing stagnation and that too at lower level.
One step ahead, too many backwards! That has been the story of the ill-fated Iran Pakistan (IP) gas pipeline for years now. It appears that the inactivity on part of Pakistan finally got noticed by the Iranians as the Iranian Oil Minister hinted at the likelihood of annulling the gas supply contract with Pakistan.
It would be harder for the government to resist the calls to privatise Pakistan International Airlines (KSE: PIAA), after the woeful quarterly and nine-monthly financial results the latter released yesterday.