How best to make use of aid flow
THE war against Afghanistan has hijacked Pakistan’s economy. As long as it would last the economy would seemingly remain a hostage to the conflict. The longer its lasts the more serious...
Is the rupee’s strength genuine?
WHETHER or not the current strength of the rupee is fuelled by rumours or perceptions of basic changes in the future economic outlook is hard to pinpoint at this formative stage...
Why the CNG policy is failing
THE natural gas is a fortune for Pakistan but only if we utilize it to its best potential. By using it as CNG in automobiles Pakistan can save over $500 million...
GATS: the economic gulag
WHILE not doing anything keeps us bus all the days of the week, month and year, the General Agreement on Trade and Services (GATS) is about to come into operation shortly...
Cheaper credit and more remittances
IN a decisive move, the State Bank of Pakistan has cut its discount rate for short term lending to banks by two per cent to 10 per cent, reflecting the global...
Boom-like conditions imminent on bourses
BOOM-like conditions prevailed on the stock market last week as the investors continued to build long positions in most of the pivotals under the lead of Hub-Power amid market talks of...
Financial health of central bank steadies
ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended October 20, 2001 both notes in circulation and those issued continued to show an increase...
Rupee gains against all currencies
THE terrorist attack on the World Trade Centre and Pentagon, followed by the US attack on Afghanistan, and the subsequent developments on the economic front has build up selling pressure on...
Commodities stay firm
THE Karachi commodity wholesale markets showed firm trend during the last week as prices of most of the essential items tended higher on active demand, both from the local sources and...
Farmers eager for new technology
THE cotton season is coming to an end. Picking has been completed in southern Sindh and is in full swing in northern fields of Sindh and all over Punjab....
Identification of rice diseases
RICE is one of the leading food crops of the world and a cash crop of Pakistan. It contributes 15 per cent to the foreign exchange earnings. Its area under cultivation,...
Date-palm: the world’s oldest fruit
THE date-palm fruit, called simply ‘date’ is also known as ‘heavenly fruit” because of its mention in religious scriptures. Even otherwise, the fruit in known since ancient days....
New strategy to raise cotton yield
COTTON is one of the most important crops of Pakistan which accounts for 60 per cent of total foreign exchange earnings through the export of raw cotton and cotton products....
Extending social security to mine workers
MINING activity is regarded as one of the most hazardous occupations, because mine workers are exposed to many kinds of risks which may range from regular health problems to fatal accidents....
Wapda obstructing house-building
IT is a tragedy that the private sector is discouraged to contribute effectively in building the country’s economy. Initially, landlords and waderas were the ruling class but gradually the political power...
US working on war loss compensation
OFFICIALS of the ministries of finance and commerce have not succeeded so far in convincing the United States that Islamabad needs an immediate enhanced access for Pakistani exports, removal of quota...
CBR: purpose and performance
ENSURING “good governance”, one of the present government’s agenda items, has been greatly appreciated within the country and the abroad....
Bioterrorism and biowarfare
ANTI-agricultural bio-warfare and bio-terrorism differ significantly from the same warfare directed against human beings; for instance, there exist a number of possibilities of economic gain for perpetrators and a list of...
Entrepreneurs or mafia players?
ONE cannot be envious of the legacy of the developing countries. For, the imperialists used these countries to their end....
Heavy price for being a front-line state
IN the wake of rapid developments following September II, 2001 terrorist attacks on New York and Washington and the resulting US-led allied attack on Afghanistan from October 7, Pakistan economy faces...