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Pakistanâ€™s six-month trade deficit drops to $9.871 billion

Source: Dawn News | 14-01-2013

Pakistan’s trade deficit narrowed by 14 per cent for the first six months of the fiscal year 2012/13, to $9.871 billion, compared to the same period last year, the Pakistan Bureau of Statistics said.

Exports rose 7.58 per cent to $12.051 billion during the July-Dec period compared to the same period last year,and imports eased to $21.922 billion from $22.678 billion.

On a monthly basis, the trade deficit fell to $1.703 billion in December from $1.711 billion the previousmonth.Exports totaled $1.969 billion in December and imports were $3.672 billion.

Pakistani stocks plunge over 300 points, rupee weakens

Source: dawn | 03-01-2013

Pakistani stocks closed lower on Wednesday amid concerns over political stability and weaker interest in energy stocks, dealers said. The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 1.82 per cent, or 304.88 points, lower at 16,489.99.Despite a rally in regional markets and oil prices, heavyweight energy companies Oil &..... Read more

WB threatens to stop funding for power sector

Source: The Nation | 25-03-2013

The World Bank (WB) might stop offering loan to the crumbling power sector of the country ostensibly due to its disagreement over the appointment of Chairman Wapda Syed Raghib Hussain Shah as Coordinator power sector, it is learnt on Sunday. Apparently perturbed over the appointment of Chairman Water and Power Development Authority (Wapda) as Coordinator ..... Read more

Pakistan must expand its social safety programmes

Source: Tribune | 02-05-2013

With a slew of social safety programmes ranging from food stamps for the poor to free medical coverage for the elderly introduced in most developed countries after World War II gradually becoming unsustainable in today’s ageing societies, many prosperous nations are now increasingly forced to cut down on their social-sector spending. However, for a ..... Read more

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