Criticisms aside, the $1.5 billion "gift" received from Saudi Arabia last week, pushed up the foreign exchange reserves, helped strengthen the currency and ended up improving the countrys macroeconomic perception. Besides, improved food prices have kept inflation quiet for the third consecutive month.
Currently a lowly 3.2 million, broadband subscriptions are set to jump in coming months. Within nine months after the next-generation spectrum auction in April, 3G mobile broadband services will roll out in at least the federal and four provincial capital cities. Service rollout will gradually expand to rest of the areas over a number of years, as required by the PTA.
With the corporate result reason closing out, BR Research attempts to present an overview of key sectors profitability during 2Q FY14. Our sample is based on companies that form part of the KSE30 index. In this context, cements, oil and gas, and textile sectors had a good fortune, while chemicals, banks, and power generation were on a downward spiral.
"In nearly twelve years, the number of multinational pharmaceutical companies in Pakistan has nose-dived to 22 from 36," said Ayesha Tammy Haq, Executive Director of Pharma Bureau in a recent conversation with BR Research. The bureau represents pharma MNCs in Pakistan.
After incorporating market feedback, PTA has now released the revised Information Memorandum (IM) for the next-generation spectrum auction. So, what has changed and what has remained the same when compared to the February 25 IM?