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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....