Debt write-off and anti-terrorist plan
THAT the winners of the Cold War abandoned Afghanistan soon after the end of the war against the Soviets is a mistake they have now admitted honestly after incurring a heavy...
Wapda’s perennial financial distress
WAPDA which has been for ever in financial distress in recent years is in greater travail now because of the accumulated heavy losses and blockage of the means to set that...
Difficult times ahead for the economy
PAKISTAN’S economic woes are refusing to go away as the promises of help and assistance made by so many world leaders in the last eight weeks continue to remain only that....
Dollar on the recovery path in kerb
THE US dollar made a swift recovery in the week ending on November 17. The greenback rose from Rs60.20 to Rs 61.60 for spot selling showing a rise of Rs1.40 or...
Bourses react positive to developing events
THE fall of Kabul and other big cities, following the Northern Alliance victory and backed by the heavy US-coalition bombing lured the investors back into the market. They covered positions on...
Buying euphoria on commodities market missing
QUIETER conditions prevailed on the Karachi wholesale commodity markets as there was no pre-Ramazan panic-buying from any quarter in the backdrop of a comfortable ready position....
T-bills auction generates Rs7.5 billion
ON November 14, 2001, the State Bank of Pakistan (SBP) reduced the cut-off yield on the Treasury bills by 11-23 basis points....
How to increase wheat yield
WHEAT is the main staple food for the people of Pakistan. It is grown over an area of 8 million hectares resulting in the production of 18.5 million tonnes....
Rupee fades on changed Afghan war scenario
THE rupee-dollar parity assumed downward trend in the inter-bank market this week. It opened the week on a negative note. Changing scenario on the US-Afghan war front and the American plane...
Developing rural access roads
PAKISTAN is primarily an agricultural country with about 60 per cent of its population living in the rural areas ....
Cotton crop under threat of ‘army worm’ attack
SOME 80000 acres of cotton crop had to be destroyed in Dera Ghazikhan during the current season on the reports of helio commonly known as “American Sundhi” outbreak in many fields...
Economy is facing serious challenges
WILL it be a tall order for the government to carry out a set of reforms to qualify for the much-sought-after Poverty Reduction Growth Facility (PRFG) and new concessional lending from...
Lessons to learn from over-dependence on US
GLOBALIZATION is a worldwide phenomenon, despite the fact that many Third World countries are still living without the basic facilities such as the health, education, drinking water and the sanitation, but...
Debt write-off?
ON September 11, President General Musharraf pledged “unstinted cooperation” to the United States of America. Everyone at the Ministry of Finance, from the highest down to the lowest functionary, has since...
Imposition of war-risk surcharge unjustified
PAKISTAN’S trade is passing through a crisis, as both exporters as well as importers are facing hardship in performing their legitimate commercial activities due to the sequence of events followed since...
Economic revival: hopes and fears
IT is now more than a month that bombing on Afghanistan started. A large section of educated and not-so-liberal segment of Pakistani population welcomed this adventure mainly for two selfish reasons;...
CBR: role and challenges
IN November 2000, the Ad-hoc Public Accounts Committee took a serious notice of the budget management by the Central Board of Revenue (CBR), and asked its administrators to improve it and...
The law of patents in Pakistan
RECENTLY, delegates from over 140 countries had assembled to participate in the ministerial conference of the World Trade Organization (WTO) in Doha and to deliberate on various issues relating to global...
Organization: corporate Magnetic North
THE choice of any organization is a part of overall corporate strategy. It reflects a set-up that is necessary to achieve the stated goals and objectives. (Christopher K. Bart, “Who is...