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October 22, 2001 Monday Shaba'an 4, 1422 Ad hoc external assistance THE outlook for the nature and the level of G-7 financial assistance is not clear when seen in the context of needs and expectations arising out Pakistan’s support to US against... Anti-money laundering laws to help Pakistan TOUGH anti-money laundering legislation is being passed in the US and Europe hastily as a part of their efforts to deny the use by terrorists of their banks and other financial... Market access or long-term debt moratorium? OF the total debt of about $38 billion we perhaps owe a total of at least about $15 billion bilaterally shared among a number of rich countries led by perhaps Japan... Economic prospects following September 11 YET again, an intricate relationship between politics and economics is being borne out in the aftermath of the September 11 attack on the US. The prompt waiver of nuclear sanctions that... Bourses manage to regain lost strength POSITIVE news, following in quick succession, put the Karachi stocks on sound footing last week as investors continued to build long positions till the fag-end of the previous week amid predictions... Notes in circulation and issued take a stride THE central bank sold Rs3.5 billion T-bills at the reduced cut “off and sucked in Rs3.2 billion from the banking system.... US currency lose ground THE rupee gained strength over the US dollar this week in the interbank and in kerb trading, also. In the interbank market the rupee traded in a narrow range amid fluctuations... Export sector awaits respite in Afghan war QUIETER conditions prevailed on the local wholesale commodity markets during the last week as buyers and sellers kept to the sidelines most of the time awaiting new developments on the Afghan... A new approach to improve maize yield THE presence of plant growth regulators in rhizosphere soil is of much ecological importance and the use of synthetic plant growth regulators for the betterment of agricultural industry has increased substantially... Agriculture can still strengthen economy THE war against terrorism has left the world tottering at a time when it was already suffering recession. The world’s symbol and model of economic strength— the US— was passing through... Banana cultivation facing danger SINDH is known for its good quality tropical fruits, especially banana and mango. Unfortunately, for the last three years, Sindh’s banana has lost its flavour and sweetness after falling a victim... Use of nitrogenous fertilizer in cotton crop COTTON being the major cash crop contributes 60-70 per cent in foreign exchange earnings. In the last 53 years, Pakistan has been able to establish a single largest industry which is... Drop in crude prices may be elusive FOLLOWING terrorist attacks on the World Trade Centre (WTC) and the Pentagon in the United States on September 11, the crude price surged to $31 a barrel, in the first place.... Multipurpose use of infrastructure “FIRST we give shape to buildings and then one day, buildings will shape us” — Winston Churchill... Amendments in labour laws THE government has amended 7 labour laws with retrospective effect from 1st July, 2001. An announcement to this effect was made by the federal labour minister on 7 October, 2001. Besides... Burden the economy is bearing THE growing uncertainty and an estimated loss of $5 billion the economy is expected to bear after the Sept 11 attacks in the United States have forced the Pakistani government to... Clean fuel for clean air: issues and options ANY form of economic activity, be it industry or agriculture, transport or more recently the services sector, involves utilization of natural resources in one form or the other. Essential human needs... Housing industry in recession HOUSING shortage in Pakistan is worsening with every passing day. Annual addition to the backlog of 6.45 million housing units comes to about 150,000 or 410 every day.... Should monetary policy be eased further? THE first quarter of the current fiscal year has ended with a below 3 per cent consumer inflation, leaving space for the State Bank to further ease off the monetary policy.... Quality standards JUST a few days back, October 14 was celebrated all over the world by governments, standardization bodies, citizens, consumers and consumer groups as the World Standards Day....

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