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January 28, 2002 Monday Ziqa’ad 13, 1422 Gulf investors focussing on financial sector Encouraged by changing policy environment, investors from the Gulf are focusing on the financial sector, although the Kuwaitis are believed to be keenly interested in acquiring the Pakistan State Oil that... Is Asian model still relevant? UNDERSTANDING the distinctive features of the Asian development model as a whole, as well as its individual varieties, can be invaluable in measuring and understanding the response of these countries toward... USAID coming back The United States has decided to set up the offices of the USAID in Pakistan. This is good news. Even better is the news that the about-to-be-set-up office of the United... Tax refunds: govt is only a ‘trustee’ A member of the Central Board of Revenue (CBR) informed the Adhoc Public Accounts Committee: “We have to withhold the repayment of refunds through discreet manner in the national interest.... KSE on way to gaining ’94’s booming height The previous buying euphoria was further extended on the stock market during last week, as both local and foreign support did not allow the bears to tilt the balance in their... Liquid conditions prevail on money market The State Bank of Pakistan has cut the weighted average yield on Treasury Bills by 1.39-1.51 per cent in line with 1 per cent cut in its discount rate.... Dollar struggles to recover strength It was a dull week for the local currency market. Lacklustre conditions prevailed in both the inter-bank market as well in the kerb. Major investors kept themselves on sidelines. The week... Wheat awaits disposal Karachi’s wholesale commodity markets showed easy trend during the week, as on ready demand from the upcountry dealers did not pick up, prompting selling from the commercial houses and the brokers.... Sugar industry: problems and prospects After textiles, there is a large network of sugar industry in Pakistan, which plays an important role in the economy through about 77 sugar mills in the country.... Achieving edible oil target Edible oil is one of our basic requirements, but oil seed crops have always received a secondary importance. Although the shortage of edible oil started developing from 1970 yet the local... Phasing out ozone depleting substances Under the requirement of Clean Air Act, the US Environment Protection Agency (EPA) has put forth regulation to phase out a number of ozone depleting substances. One of these chemical iscalled... World economic report According to a latest Financial Times report, the US growth slumped last year and rest of the world followed closely behind.... Can the functional separation in the IT dept work? Contrary to the earlier speculations that the recommendations of the task force on tax administration (TFTA), headed by Syed Shahid Husain, formerly of the World Bank, have been rejected, it appears... Private sector investment not coming The year 2001 ended without private sector’s investment picking up. This is causing the foreign investors staying away from taking part in any meaningful development activity, notwithstanding the rhetoric that investments... Pakistan’s potential as a trade route The air strikes on 11th September 2001 on the World Trade Centre (WTC) and the Pentagon in the USA have irrevocably changed the world. However, the region comprising countries bordering Pakistan... This cut in discount rate must pay The State Bank has cut the discount rate by another one percent to 9 per cent. This is the fourth rate-cut since July when the central bank had lowered the discount... New price indices from July An average middle income household in Pakistan has been forced to cut down on food consumption and ignore health care in last ten years because of an unending price spiral of... Afghanistan: elitist economy in creation? It is indeed appalling to hear from none other than an Afghan woman herself who said, “Until our country has been rescued (from war and lawlessness), the women’s issue is a... Scraping the Indus Water Treaty After threats by the Indian government of starving Pakistan by scraping the Indus Water Treaty , the unusual water shortages in the country has entered into its most critical phase.... Excessive borrowings, massive spending Did all those who held office in Pakistan raise its external debt to unmanageable heights forcing it into a debt trap and making it essential to call for re-scheduling of repayments...

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