How high would the rupee fly?
THE CIA has bought a lot of rupees. Panicky Pakistani exporters hoarding dollars and expecting that the rupee will continue to depreciate finally began off-loading their dollars. The SBP did not...
KCR revival: a victim of bureaucratic wrangling?
THE government, recently has indicated that the Karachi Circular Railway (KCR) continues to be a victim of bureaucratic wrangling. First, the railways minister threatened to ‘stop’ the KCR service because of...
Now free from IMF conditions
FOR the first time in many years, Pakistan finds its economy not constrained in any way by IMF conditionalities, though we do still need to ‘behave’ in the interim in order...
Fall of the dollar: some lessons
THE recent fall of the US dollar has once again showed that the market is vulnerable to all sorts of speculations. The dollar declined by 4.5 per cent within first two...
Bears at last driven out of the market
THE Karachi stocks recovered from the three-year low last week as the mid-week rebound, triggered by strong buying at attractively lower levels on the blue chip counters, drove the bears out...
Dollar Recovers slightly
THE dollar came under heavy selling pressure last week. Panic- selling of dollar helped the rupee to recover significantly in inter-bank as well as in kerb trading....
Time and demand liabilities decline
THE State Bank of Pakistan has made a modest cut in Treasury bill yields. On three-month bills, it has lowered the maximum yield by 18 basis points (bps), on six-month and...
Export sector reels under war threats
THE Karachi wholesale commodity markets showed quietly mixed trend during the preceding week as there was no panic-buying on any of the essential counters despite fears of the US attack on...
Poor management:problem in agriculture
AGRICULTURAL progress, in the past few decades, had shown a diversified trend which had not been sufficient in meeting the food requirements of the population, resulting in escalating staple food item...
Vegetable oils as pesticide
WHITEFLY is highly polyphagous which feeds on 437 plants belonging to 63 families as recorded in 67 countries....
Outlook for cotton economy
NEVER before in the history of the cotton trade history of Pakistan a sustained campaign was launched to produce quality and contamination-free lint as under the present government....
Paper and board market: an analysis
AT THE time of independence, Pakistan had no paper and board production unit. Over the last 53 years paper and board industry has emerged out of its infancy and is now...
The best way for implementing GST?
PAKISTAN has recently imposed new taxes and implemented new systems in an ambitious bid to document the economy. This, it is hoped, will broaden the tax base and ensure a steady...
Pakistan to ask for loan write-off
WITH reports that Sept 11 attack on America will cause Pakistan $1.5 to 2 billion export loss and roughly Rs50 billion less revenue on account of declining imports, the government is...
Making use of widely grown herbs
HERBS of various kinds have been in use as medicines since times immemorial in Egypt, Greece, India, China, Britain and in some other European countries also....
Spectre of population boom in Pakistan
THE population census in Pakistan has a chequered career. According to the first census held in 1951, the total population of Pakistan was 33.8 million....
Negative fall-out of escalating POL prices
AT a time when significant countries of the world are cutting down their cost of production and reducing the cost of exports Pakistan is tending to follow the reverse course....
Economic optimism driven from anti-terrorism
IT was indeed ironic that as the world grappled with the devastating impact of the attack on the World Trade Centre and the Pentagon, we in Pakistan lost no time in...
Provinces’ shares in federal budget
THE Finance Minister has said that the second meeting of the highly sensitive National Finance Commission (NFC) was successful and a consensus had been reached on the issue of a new...