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Shale pioneer Hamm says industry can weather crude price slump
By Ed Crooks
9193_10_20_2014_1.gifUS shale oil companies are likely to cut back their capital spending plans as a result of the steep fall in crude prices, but are much better placed to withstand a downturn than they would have been two years ago, according to one of the pioneers of the boom.

Harold Hamm, chief executive of Continental Resources, told the Financial Times all shale companies were reviewing their plans, and some were already cutting back on drilling. ....

Another rollercoaster
By Ihtasham ul Haque
9197_10_20_2014_1.gifPakistan’s financial difficulties are feared to be further compounding following the IMF’s decision to club the fourth and fifth review of the economy and hence delaying the desperately needed external inflows. Now both the tranches amounting to $1.1 billion are expected to be disbursed by early December. But whether the sixth review would take place is anybody’s guess because of the government’s inability to meet the performance criteria agreed under the three year’s $6.7 billion Extended Fund Facility (EFF). ....

Arbitration game
By Zeeshan Haider
9198_10_20_2014_1.gifAs an international arbitration court in Paris is wrapping up hearing into a three-year-old dispute over the mining of one of the world’s largest copper and gold deposits in Baluchistan, the Pakistani authorities are eyeing on an early out-of-court settlement which they hope would help them bring much-needed foreign investment back into country’s mining sector.

Tethyan Copper, a joint venture between Chile’s Antofagasta and Canada’s Barrick Gold, initiated international arbitration proceedings against governments of Pakistan and Baluchistan in 2011. ....

Sweet sour
By Haris Zamir
9199_10_20_2014_1.gifThe economies of the world would spend less on oil, and have ample cushion to focus on growth - giving the much needed stimulus to depressing economies across the world.

In the recent report, the Citigroup estimates that the falling crude oil price will globally safe almost $1.1 trillion.

However, one thing is certain about Pakistan: the falling prices will only impact the import bill and the current account deficit may decline. ....

Financing infrastructure
By Hina Mahgul Rind
9200_10_20_2014_1.gifWarid Telecom, wholly owned by privately-held Abu Dhabi Group (ADG), will invest Rs500 billion over five years to bolster its network in Pakistan. With a subscriber base of 13.1 million, the No.4 player is in the process of launching 4G, or long-term evolution, networks.

Muneer Farooqui, Warid's chief operating officer in an exclusive interview with The News revealed company’s future plans and strategies. ....

Precarious amity
By Sirajuddin Aziz
9202_10_20_2014_1.gifChina has emerged to be the second largest economy in the world. It has sustained its prominence in the global arena since the communist revolution. China exhibited resilience to restore itself to its former glory after the imperialist plunder and fought back with even more might to give the ‘West’, a run for its money!

Since it has regained its prominence around the mid-20th century, it has followed some consistent policies particularly in the realm of economic management and shown steady patterns since 1978. ....

Gleam in eye
By Tariq Ahmed Saeedi
9203_10_20_2014_1.gifPakistan is badly short of agriculture extension programmes backed by latest technology tools, especially all penetrative mobile phones.

And, this is in a country where agriculture sector accounts for 21 percent of GDP and employs nearly half of the labour force. Agriculture extension aims to promote modern practices in farming and educate farmers about how to increase productivity.

“There are multiple drivers to ramp up agricultural productivity, but awareness is vital as it creates ripple effect,” said an agronomist hailing from a peasant family in Punjab. ....

Cripple future
By Nadia Naqi
In Pakistan’s highly polarizing political scenario, oppositions and pro-government parties have been going for the jugular. Show of strength by holding massive public rallies, daily protest speeches, counter-speeches and fighting over the number of attendants is the focus of political drama nowadays.

Each political party is using its muscles to put up a huge and distinct but a never ending show. Wild accusations have been flying, and Pakistanis are seeing a return of old tricks that went on under the table during the military regime of General Pervez Musharraf, now used without inhibition. ....

More Articles   
- Sweet sour

- Shale pioneer Hamm says industry can weather crude price slump
- How to do better than the ‘new mediocre’
- Geopolitics cast shadow over New Silk Road
- A dose of deregulation for EU capital markets

- Arbitration game

- Cripple future

- Noosed tanner

- Another rollercoaster

- Financing infrastructure

- Precarious amity

- Gleam in eye


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