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January 14, 2002 Monday Shawwal 29, 1422 The economic cost of war threats THE limited economic gains which Pakistan made in the aftermath of September 11 tragedy seem to be getting neutralized by the Indian military response to the December 13 terrorist attack on... Poverty reduction: Saarc’s sterile moves CAN A series of ministerial level meetings and expert groups of Saarc region really help in reducing the pervasive poverty in the region, where over 40 per cent of the people... Urbanization in the third world THE OVER-urbanization in the Third World involves both the sheer aggregate growth of the proportion of a national population living in cities, as well as the concentration of the population in... Afghanistan’s rehabilitation: pitfalls FEARS have haunted planners and many other people in Pakistan during the last three months regarding the prospects for the economy.... Crime and economics THE PROVISION of public good, such as police, courts or jail, is the obligation of any government for the preservation of order, peace and safety of its people but at the... Bourses volatile on war euphoria STOCKS turned in a highly volatile performance during the preceding week as investors played on both sides of the fence in response to positive and negative news from the border front... State Bank sells T-bills worth Rs8,089 million THE State Bank of Pakistan (SBP) sold Rs8,089.55 million worth of six and 12 month T-bills on January 9 in open auction. It sold out Rs3,513.93 million of 6 month T-bill... Rupee keeps edge over dollar THE RUPEE remained on rising trend against the dollar this week amid confusion over border situation. It opened the week on January 7 and unchanged appeared directionless in the absence of... Over-supply situation in foodgrain market THE WHOLESALE commodity markets showed mixed trend during last week as reports of comfortable ready positions continued to inspire selling at the inflated levels from commercial houses.... Need to tap agriculture sector AGRICULTURE is a source of subsistence to approximately one hundred million Pakistanis residing in rural areas and is also a livelihood to a fairly large population in urban areas.... Olive cultivation THE history of olive is as old as the world itself. However its original home seems to be Asia Minor from where it spread to other parts of the world. The... Bio-safety laws necessary for bio-technology AT PRESENT, Pakistan does not have bio-safety laws, which would provide guidelines for importing, testing and commercialization of genetically improved products and hence a lot of confusion prevails in this regard.... Water scarcity emerging as global threat WHEN something so essential for human existence as water becomes scarce, it should be a matter of urgent and acute concern for all of us.... New management model for Pakistan Steel WHEN in the mid-fifties, Pakistan Steel was being conceptualized, the proponents had to wrestle incessantly with the basic questions relating to economics and acquisition of technology on the one hand, and... 2001: plenty of gas, no major oil find DESPITE massive investment being made by both the local and the foreign oil companies, Pakistan’s hunt for sustainable oil reserves still appear to be an elusive goal but extensive deposits of... Remittances: post-Sept developments THE REMITTANCES of workers abroad has remained one of the most important components of the balance of payments (BoP) since late 1970’s.... SBPBSC: Was it really necessary? THE STATE BANK of Pakistan (SBP) was established on the 1st July, 1948 as the central bank of the country and its main functions are as follows:... Pledges to the donors THE government has given an undertaking to the World Bank and the IMF that medium-term macroeconomic objectives will be gradually raised in order to achieve 5.2 per cent GDP growth rate... Pakistan faces tough competition from China WITH an economy of the size of over one trillion dollars (to be exact $1.16 trillion), a growth rate of 7.5 per cent in the year 2001, exports of $250 billion... Interest rate outlook for 2002 LOOKING at the current scenario, there are few chances that banks and other money market players will again face the see-saw movements of interest rate in 2002....

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