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November 26, 2001 Monday Ramazan 10, 1422 Poverty reduction and confusion of the rich THE global fight against terrorism has given a sense of urgency to the rich countries to combat absolute poverty as that is now recognised as eventually breeding terrorism; but when the... Merging the forex markets HELPED by post-September 11 scenario and with the IMF on board, Pakistan is set to merge dollar surplus kerb and greenback deficit interbank markets on a priority basis and much sooner... Drug MNCs agree to swallow a bitter pill THE 300 billion dollar-a-year pharmaceutical industry suffered a serious setback when the developing countries, displaying rare unity and preparedness, won a major deal on November 14 at the fourth ministerial meeting... World efforts to reconstruct Afghanistan An action plan for the reconstruction of Afghanistan is being put together by the donor countries and multilateral agencies. One high level meeting for the purpose was held in Washington last... Fake message creates furore in capital market SHARES on the Karachi stock market remained under pressure as the mid-week attempted rallies failed to get through in the absence of strong follow-up support both from the genuine investors and... State Bank sells PIBs worth Rs5 billion THE State Bank of Pakistan (SBP) on November 21, sold Rs5 billion worth three-year and five-year Pakistan Investment Bonds at par value.... Rupee holds ground against dollar THE rupee once again managed to hold ground versus the dollar in the inter-bank market after remaining weak in the previous week.... Steady conditions dwell on commodity market MIXED trend was seen on the Karachi wholesale commodity markets during the preceding week as commercial houses and brokers remained busy in two-way activity followed by the reports of a comfortable... Poverty alleviation through agricultural growth PAKISTAN inherited agrarian economy and agriculture must be in the forefront of national agenda for development and poverty-alleviation programmes.... Views on cotton crop size WHETHER or not, the cotton crop is short remains unclear but spinners’ panic buying last week and the consequent price flare-up reflects that all may not be well with the cotton... Marketing of non-farm products BEFORE describing marketing mechanism of non-farm rural products, it would be better if these products were to be identified. And while doing so, we have to see things in the context... What does free market mean to farmers? PAKISTAN has been in a flux mode so far as trade is concerned, for quite a long time But before we go into that, it might be worthwhile to look at... Growth, financing of engineering industry THE sponsors of most of the engineering units are now well educated and they can assess the pros and cons of any expansion in capacity.... Revitalizing the economy PAKISTAN’S poor economy has been the result of economic policies of the past regimes and poor budgetary controls of the government organizations.... OPEC faced with daunting problems WHILE the OPEC has been finding it difficult at present to maintain crude prices above $20 a barrel mainly due to weak global demand resulting from the deteriorating world economic outlook,... IT Ord:time to do away with it THE failure to act prudently brings certain things as fait accompli in a nation’s life.... Not much improvement in banks’ profitability THE banking sector reforms in Pakistan did not lead to a rise in the overall profitability which was held down by a combination of rising deposit rates and intensified competition, says... Reforms in tax collections no more than a joke THE Central Board of Revenue (CBR) is being given “some autonomy”in financial management and in the recruitment of its staff, but it is being retained as a ‘back-room’ office of the... Life after debt write-off IT seems the so-called “silent majority” of Pakistan has only one thing on their mind: debt write-off. Newspapers have been full of how or rather when Pakistan’s debt will be written... World commodity report CRUDE oil prices have fallen in recent days as Opec decides not to cut production. In London, the December Brent contract fell by 1.07 to $1768 a barrel on November 14. In New York, December Nymex fell $2.29 to $17.45 a barrel after reaching...

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