Business response to Sept 11 tragedy
ONE cannot but regret and sympathize with the exporting segments that lost export orders mainly because of an ill-informed and/or a phobic view of the situation taken in the importing circles....
Afghanistan’s reconstruction: pitfalls
THE notion that Pakistan would make immense economic gains from the proposed rehabilitation and reconstruction work in the war-ravaged Afghanistan is not based on wishful thinking. But it could certainly turn...
Doha development round
SIX days and nights in Doha restored the WTO’s unique ability of fusing accord out of discard. The fourth WTO Ministerial Conference laid to rest the ghost of Seattle....
Before more industries close down
INDUSTRIES Minister Razzak Dawood wants Pakistani industries based on unrealistic expectations or irrational domestic support to get ready to fold up and make way for better industrial units....
Burst of profit-selling restrains bourses
A LATE burst of profit-selling at inflated levels by most of the weakholders at the fag-end of last week did not allow the market to attain the coveted index level of...
Rupee regains its lost strength
IN THE inter-bank forex market,a the rupee failed to hold its weeklong firmness, and opened the week on a negative note. It lost 7 paisa on November 26, in range bound...
Notes both in circulation and issued rise
THE STATE Bank of Pakistan (SBP) on November 28 sold Rs10.2 billion worth of Treasury Bills of different maturities against the target of Rs 21.2 billion....
Ample supplies keep commodities in order
THE KARACHI wholesale commodity markets showed orderly price changes during the previous week as supply position remained fairly comfortable — thanks to steady arrivals from the upcountry trading centres....
Bonded child labour: a ruthless exercise
NOVEMBER marks a month for special attention to the rights of children in poverty. Two years ago, the ILO called for abolition of the worst forms of child labour through Convention C 182....
Factors affecting rice grain quality
RICE BEING one of the leading crops plays a vital role in Pakistan’s economy. In addition to meeting the food requirements, it is a also source of earning foreign exchange....
Wheat crop: expectations, fears
PAKISTAN had a bumper wheat crop in 1999-2000. Despite water shortage, farmers succeeded in producing 19.2 million tones of wheat the last year....
Why call it housing for the poor?
ADDRESSING ‘nazims’ and ‘naib nazims’ of some districts of Sindh, the governor recently stressed the need to initiate housing projects for the poor and needy. A few weeks ago, the President...
Foreign aid slow in coming
WHY there is a delay in getting much talked about comprehensive economic and financial package from the US-led coalition in return to the controversial support that Pakistan offered for combating terrorism?...
Sustainable development in the new millennium
THE BRUNDTLAND Commission’s 1987 report helped develop consensus on the need for sustainable development. There are four elements to environmental sustainability: poverty, population, technology and lifestyle....
Profit motive in monopoly utilities
THE most effective instrument available to governments for restricting the powers of monopolies is to introduce competition. This not only keeps prices as low as possible but also provides an inducement...
Capital market reform
PAKISTAN’S equity market is underdeveloped. Its capitalization—nearly $7 billion in 1999—was only three per cent of the South Asian market, which is dominated by India. Its debt market is in an...
Textile industry: a future liability?
THE events of last few weeks are highly significant and will have far-reaching effects on the future of Pakistan’s textile industry....