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December 10, 2001 Monday Ramazan 24, 1422 Aghanistan and pipeline politics PAKISTAN’S front-line status vis-a-vis the happenings in Afghanistan is likely soon to change in character from being war- oriented to being overwhelmingly economically-directed.... Paradigm reversal for Afghanistan’s development APPARENTLY, international ‘development’ banks have descended on a ravaged Afghanistan to plan its ‘reconstruction and development’. According to initial estimates, amounts to the tune of $6—20 billion are expected to be... Privatization held back again SIXTEEN months after the ambitious privatization programme of Pakistan was unfolded with considerable fanfare to mobilise $4 billion by selling 49 public sector units within two years, the process has made... Paris Club’s debt relief THE PARIS Club is meeting on December 12 to consider debt relief in order to make Pakistan’s external sector viable with economic growth.... PRGF deal infuses life in equities STOCK prices increased from the previous lows during the last week as a combination of positive news both on Afghan and foreign aid fronts continue to inspire fresh buying from all... Rupee dominates dollar TRADING in currencies remained sluggish in the inter-bank market as well as in the kerb. Few investors were seen taking active part in the trading. Heavy inflows of dollar, particularly from... Slight decrease in foreign exchange reserves THE STATE Bank of Pakistan on December 4, 2001, injected Rs1.4 billion in the inter bank money market. The SBP provided the liquidity through two-week reverse repo of T-bills at 7.35... Wheat plunge, sugar surge on commodity market PRICES of essential items during the previous week showed mixed trend on the Karachi wholesale commodity markets as the commercial dealers played on both sides of the fence amid conflicting reports... Planning for better yield THE wheat is sown the world over on an area touching 220 million hectares producing 600 million tons with an average of 2700 kg. of grain per hectare.... Seedborne diseases of wheat WHEAT is the most important grain crop, a staple food for more than one-third of the world population. The major area of the wheat in Pakistan lies in Punjab followed by... Surplus stock under pest infestation threat THE country, in 1999-2000, harvested record wheat yield of 20.8 million tons, creating a surplus of 1.8 million tons after the estimated domestic consumption of 19 million tons.... Growing cotton under water constraint COTTON is the most important fibre crop of Pakistan as it provides raw material for our textile industry. It earns the highest export revenue while minimising our dependence on the imported... ISO 9000 and 14000 series of standards THE International Organization for Standardization (ISO) was founded in Europe in 1947 and is based in Geneva. Its purpose being to facilitate the world-wide trade through the development of international quality... New consumption outlets could boost cement industry AFTER having passed through a prolonged recession during the last over a decade,the cement industry is limping back to financial viability on the perception that production surpluses are expected to be... The woes of local fishermen DEEP sea fishing is not in our national interest as it has created unrest among fishermen. The overfishing and habitat destruction afflicted damages like failure in transfer of technology, revenue losses... Waste as a resource ALL living thing produces waste, while our cities produce mountains of solid waste. The process of urbanization/industrialization/intensive agriculture and general economic growth has brought changes in the volume and diversity of... Restructuring the CBR THE delay in restructuring the Central Board of Revenue (CBR) has forced its authorities to revise downward the revenue collection targets and this has not gone well with the World Bank... Pay and perks of corporate bosses THE chief executive at the Hub Power Company Limited (Hubco) stood out as Pakistan’s highest paid corporate boss, earning a whopping sum of Rs36 million ($ 0.6 million) in aggregate remuneration... Improving the Income Tax Ordinance 2001 THE Income Tax Ordinance, 2001, promulgated on 13 September 2001, will become operative with effect from 1st July 2002. This law as promulgated contains a number of typographical errors, drafting blunders, legal lacunae, inconsistencies, conceptual fallacies and dichotomies.... Liquidity crisis, prime lending rate THESE are bad days for the banks. They are too short of cash to finance routine withdrawals. So, they are borrowing money from the State Bank discount window almost daily. The...

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