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The official visit of Prime Minister Nawaz Sharif to Sri Lanka is momentous due to its historical context and the advancements in bilateral ties that it precedes. A few months ago, June 2015 marked the completion of the tenth year since a Free Trade Agreement was signed between both countries. Thus the Prime Ministers trip presents a sound opportunity to take stock of this decade in terms of economic ties between both nations.
Hi-Tech Lubricants Limited (HTLL) is on the verge of becoming a publicly listed company. Back in August 2015, Mr. Shaukat Hassan-Chairman Hi-Tech Lubricants -announced the firms intention to go public for forward integration in an interview with BR Research. Starting today, the first stage of this IPO - book building process - will be held until tomorrow.
Given the amalgamation of the countrys three stock exchanges, one would assume that the discussion around the countrys capital market would be centered around the emergence of the Pakistan Stock Exchange (PSX). Unfortunately, even this historic development has been over shadowed by the fire storm that has erupted over the arrests made by FIA in connection with the EOBI-Amtex case.
Mutual funds, collectively, were the most bullish among all investor classes in equity trading in the recently concluded year. These firms were net buyers of shares worth over Rs17 billion, followed by NBFCs at Rs10.7 billion and individual investors at Rs8.7 billion.
Last week the government launched Pakistan's first health insurance scheme in the public sector. With the launch of the National Health Insurance Program, the PMLN finally took some action to answer the criticism it has received over the years regarding not paying any attention to the social needs of Pakistan.
If inflation numbers are any guide, lady luck is smiling on PML-N. The latest Consumer Price Inflation (CPI) for December 2015 settled at 3.19 percent - much lower than market expectations of 3.7 - 3.9 percent. But this more-than-expected fall in inflation essentially comes on the back of sharp decline in food inflation, particularly perishable food inflation.
Another year went by. The focus of those at the helm in CY15 was increasing the generation capacity of the country primarily focusing on long term projects. While the Economic Survey for 2014-15 showed some major trimmings in capacity additions, the governments focus has still been increasing the sources of generation, be it thermal, hydel or renewable.