Muhammad Sarfraz Abbasi

The country went gaga over the announcement of the Prime Minister that after putting focus of the government to stabilize the economy he is all set to go after those who are responsible of leaving the country massively indebted. The nation felt the heat of Prime Minister’s ambition for the across the board accountability when he said he could not be blackmailed with protests. He further showed his determination by saying even if my life goes, I will not leave these thieves alone - I had prayed to God to give me one chance. The Prime Minister told the nation that he is going to form a high-powered inquiry commission with a one point agenda to diagnose how did the previous governments increase the debt by Rs . 24,000 billion to Rs.30,000 billion from Rs.6,000 billion merely in 10 years? The Prime Minister further unleashed his game plan by elaborating the possible formation of the commission which shall consist of the Federal Investigation Agency (FIA) , Intelligence Bureau ( ...

Today I found sometimes to review Pakistan's history of borrowing from IMF. While going through the data I've found some interesting facts which I thought I should be sharing with my contacts base on social media. I believe such a work on historical data is important to work on and share with other because this how a common Pakistan citizen can fight power mafias who have been ruling this country and have full contribution in destroying it economically by compromising economic empowerment but they still have the audacity to come on TV channels in talk shows and do the circus of press conferences to misguide the innocent people.  Pakistan’s story of knocking IMF’s door began on 8 December 1958 when Gen. Ayub first went to IMF. Gen. Ayub's finance team got SDR 25m approved under standby agreement but the money was never withdrawn. However, after expiry of earlier agreement and commitment made by IMF the Gen. Ayub's team super talented economics gurus went to IMF tw...

Financial results: Despite speed bumps, Honda announces profits By Our Correspondent Published: November 27, 2013 Share this article Print this page Email The company sold about 12,783 units during the period against the sales of 8,541 units last year. PHOTO: FILE KARACHI:  Honda Atlas Cars has announced a profit-after-tax of Rs314 million or per share earnings of Rs2.20 for the six-month period ended September 2013, compared with a loss of Rs71 million and loss per share of Rs0.50 last year. However, the company’s profitability dropped in the quarter ending on September 2014 owing to the rupee’s depreciation against dolla...

                                                                  Auto industry: Car sales lose speed as the year nears its close By  Farhan Zaheer Published: November 12, 2013 On month on month (MoM) basis, car sales have dropped by 11% in October 2013 compared to September 2013, mainly due to long Eidul Azha holidays and overall slow economic activities in the country. PHOTO: FILE KARACHI:  The sales of local cars in first four months (July to October) of fiscal year 2014 (4MFY14) have jumped up by 7% and touched 42,796 units compared to 39,938 units in the same period last year. However, on month on month (MoM) basis, car sales have dropped by 11% in October 2013 compared to September 2013, mainly due to long Eidul Azha holidays and overall slow economic activities in the country...

                                                                   Textile sector: Indus Dyeing posts profits on stable cotton prices By  Our Correspondent Published: November 2, 2013 Indus dyeing and Manufacturing Company posted handsome earnings growth of 19% for the quarter ended on September 2013. PHOTO: FILE KARACHI:  Indus dyeing and Manufacturing Company on Friday posted handsome earnings growth of 19% for the quarter ended on September 2013. The net profit of the company jumped to Rs577 million or per share earnings of Rs31.9, compared with a profit of Rs485 million or per share earnings of Rs26.8 in the same quarter last year. “With stable cotton prices, the textile sector in general and Indus Dyeing in particular is going to earn good profits in the ongoing fiscal...

                           Corporate results: Pak Suzuki posts lower than expected results By  Farhan Zaheer Published: October 31, 2013 Pak Suzuki sold 59,292 cars in 9MCY13 compared to 69,589 in the same period of last year, down by a significant 15% YoY. PHOTO: FILE KARACHI:  Pak Suzuki Motor Company – the biggest automobile manufacturer by market share in Pakistan – has posted a handsome earning of Rs371 million in the July-September quarter, against a loss of Rs193 million in the corresponding period last year. The company recorded per share earnings of Rs4.51 in the third quarter of 2013 against a loss per share of Rs2.35 last year. In comparison to the third quarter of previous year, the company’s gross profit increased significantly to Rs890 million against a negative growth of Rs49 million. However analysts had projected better results, blaming the ...