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December 24, 2001 Monday Shawwal 8, 1422 Globalization in times of war Although much more cataclysmic and horrific events have been witnessed in living memory than those that destroyed the two most visible symbols of US financial and military might last September, their... Tax burden not too low to need higher taxes If some newspaper reports and comments by some economists are to be believed, heavy taxation will follow the Poverty Reduction and Growth Facility (PRGF) under which Pakistan is to be given... Reinsurance cost and the red-tape Notwithstanding a conceptional approval by the finance minister a fortnight ago, the proposed Rs750 million “Reinsurance Pool” would not be operational for at least some time. Reason: The commerce ministry has... Share index crosses 1,400-point barrier Karachi stocks last week roared back to normal trading activity as a combination of positive factors lured investors back into the rings, enabling the KSE 100-share index to cross the psychological... Unified rate and foreign exchange companies Soon after the take-over as the Prime Minister of Pakistan in 1991, Nawaz Sharif undertook various types of reforms in the trade, banking and foreign exchange sectors.... Dollar demand Softens Trading remained suspended in the inter-bank market as well as in the kerb for three days on account of Eid-ul-Fitr. However, when the market opened on the fourth day, trading remained... Holiday-shortened week reigns price pattern Quieter conditions prevailed on the Karachi wholesale commodity markets in a holiday-shortened week as leading commercial houses kept to the sidelines most of the time having comfortable ready positions.... Strategy to check rice weed Barnyard grass (Echinochola crus-galli (L.) Beauv) locally known as “Dhidden” is distributed in rice growing areas of Pakistan. It is troublesome weed in rice because at early growth stage, it resembles... Forex reserves stable According to the Statement of Affairs of the State Bank of Pakistan, for the week ended December 15, 2001, both notes in circulation and those issued showed an increase in the... Contamination of cotton: sources, remedies Export-led economic growth is on the agenda of the government and cotton is the most important export commodity of the country as cotton and cotton products accounts for 64 per cent... Bumper hybrid rice harvest expected Pakistan’s economy is agriculture-based and requires rapid growth in production. In the backdrop of declining irrigation water availability in the country especially in Sindh, the production factor has assumed greater importance.... Post-harvest technology in Pakistan In Pakistan, the magnitude of post-harvest losses of vegetables and fruits is about 35 per cent. Efforts are being made both at federal and provincial level to minimize these losses to... Confusion over Cos’ reports The recent SRO issued by the Securities and Exchange Commission of Pakistan (SECP), requiring all listed companies to prepare a balance sheet and profit and loss account on quarterly basis for... A strategic approach to exports Despite positive results obtained through concerted efforts on the part of the Export Promotion Bureau (EPB) and exporters to boost exports during the year ending June 2001, the country now faces... Protection of geographical indications For most of us the issue of Geographical Indications came to surface when in late 1997, an American company RiceTec Inc, was granted a patent by the US patent office to... Doubts about resoure mobilization Now when the Paris Club has rescheduled Pakistan’s $12.5 billion debt for 38 years, and the IMF, the World Bank and the Asian Development Bank (ADB) are jointly providing about $4... Issuing clear directions None of the management functions can be performed effectively without giving clear directions. All managers have to instruct and give guidance to subordinates for adequate work performance. A substantial part of... Oil producers may cooperate with OPEC According to a report published in the Dallas Morning News, dated December 6, 2001, Russia had agreed on December 5 to cut its crude oil exports by 150,000 barrels a day.... Multinationals and the role of WTO The WTO has met with controversies and oppositions unlike other international organizations. There have been demonstrations and slogans against its management and policies.... Ship-breaking attracting entrepreneurs The arrival of eight vessels at Gaddani for dismantling may provide the much-needed breather to Pakistan’s ship-breaking industry which had been in a state of coma for the last about one...

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