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Money Market: Bank investments rise

According to the weekly statement of position of all scheduled banks for the week ended Dec 16, 2016 deposits and other accounts of all scheduled banks stood at Rs10,594.93bn after a 0.56pc increase over the preceding week’s figure of Rs10,536.20bn. Compared with last year’s corresponding figure of Rs9,235.51bn, the current ...

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Risk to growth from rupee depreciation

Is it a mere coincidence that the rupee is ‘largely stable’ and economic growth is gradually picking up? Or is it that a rising/stable national currency is better suited at times for economic growth in emerging markets? A study — by two experts at the Bank for International Settlements (BIS) ...

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Banks enter new year cautiously optimistic

To remain profitable in 2017, banks will have to focus more on core banking along with improving delivery of services. They will also have to make internal controls stronger to ensure full business rule compliance to sustain the gains of the recent past. Senior bankers say individuals and businesses can ...

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Climbing the public debt ladder

The federal and provincial governments are expected to throw caution to the wind in 2017 and spend liberally on development schemes. This is to score points for performance before they return to voters in 2018. Will this new wave of public spending translate into higher growth? It could marginally. Will ...

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Investment takes a step forward

A shaky investment outlook will continue to pose a challenge to economic policymakers as well as the country’s economic prospects during 2017, in spite of signs of improvement in the fundamentals. Indeed, foreign investors have begun returning to Pakistan as security conditions across the country, particularly in Karachi, improve on ...

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Planned transformation: Gwadar’s development, misgivings must be addressed

GWADAR: Pakistan has embarked on a path of economic development and progress with the planned injection of over $50 billion worth of Chinese investment into projects of the China-Pakistan Economic Corridor (CPEC). Of these projects, a major scheme is the transformation of Gwadar port into a top port of the ...

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Fiscal, administrative autonomy: Power devolution for metropolitan

ISLAMABAD: Metropolitan regions have emerged as main growth drivers of the global economy. Brookings Institute, a US-based think tank, has identified 300 largest metropolitan economies of the world, which are contributing 47% to its output with 20% of global population. In this research report, 96 of such economies are located ...

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Assessment: The declining trend in Pakistan’s exports

KARACHI: Total exports from Pakistan have declined by more than 12% between 2013 and 2015. This decline is disconcerting, particularly as lower oil prices since 2014 were expected to improve the trade deficit. The expected outlook, as reported by the State Bank of Pakistan, for 2016 does not look promising. ...

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Decision to supervise regulators draws perplexing reasoning

ISLAMABAD: At the tail end of 2016, the prime minister exhibited his power by approving the transfer of National Electric Power Regulatory Authority (Nepra) to the Ministry of Water and Power; the Pakistan Telecommunication Authority (PTA) and the Frequency Allocation Board to the Ministry of Information Technology and Telecom; the ...

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US top export, China import destination for Pakistan in 2015

The United States remained top export destination for Pakistani products during the fiscal year 2015 while China was the top import destination from where goods were traded into the country. Out of the total $22.09 billion exports, the Pakistani exports to the US stood at $3.66 billion during FY-2015 followed ...

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