Education: ill-prepared for globalization
THE recently-released Mahbub ul Haq Centre’s Human Development in South Asia, 2001 report, which focuses on globalization and human development, points to a disaster looming on the horizon for countries like...
Why reforms are not working
WHY the so-called reforms are not working. The impact of all the IMF dictated reforms which this government has been religiously implementing over the last nearly three years has by and large remained rather insignificant....
Costlier power, systemic break-down
THE 15 per cent sales tax, which has been hanging over the heads of the 11 million domestic electricity consumers of Pakistan more like a Sword of Democles has been finally...
Foreign debt burden: who is responsible?
THE foreign debt burden of the country is currently estimated at $38 billion or so. A few economic writers have been blaming the military regimes for contracting the huge foreign debts...
Sindh Tenancy Act: breaking the chain of bondage
RECENTLY a division bench of the Sindh High Court, Hyderabad Circuit, gave a judgment of great significance in which it proposed certain amendments in the Sindh Tenancy Act, to reform the...
Equities fly high to touch the peak
KARACHI stocks last week passed through a buying euphoria reminiscent of boom conditions of the mid-90s powered by a judicious blend of both local and foreign speculative buying....
SBP pumps Rs8.9bn into inter-bank market
THE STATE Bank of Pakistan (SBP) on January 30, pumped in Rs8.9 billion into the interbank market through the Treasury Bills repo at its open market operation....
Dollar stays under selling pressure
THE INTER-BANK market experienced sluggish activity this week with the rupee showing a firm trend versus the dollar. The dollar remained under selling pressure throughout the week....
Fairly secure conditions rule foodgrain market
THE KARACHI wholesale commodity markets showed mixed trend during the preceding week as both the commercial houses and the Punjab dealers made selective buying on essential counters....
Factors affecting citrus production in Punjab
AN INFORMAL survey was carried out about the citrus production system during which open-ended interviews were held for each category of citrus, Sampling-frame was prepared and interviews were recorded in which...
Quarantine on Afghanistan transit trade
A NEWS paper report said that the government of Pakistan has disallowed transportation of about 50,000 tons of imported wheat to Afghanistan by the World Food Programme (WFP), due to its...
Sugar industry: problems, 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....
That covert player in the game of tax evasion
MASSIVE tax evasion in Pakistan is a self-evident fact of our economic life, verified by a number of independent studies and the unanimity of expert opinion....
Pakistan ready to share in rebuilding of Afghanistan
CONTRACTORS and builders have geared up their efforts to take a major share in the construction and rehabilitation works in the war-torn Afghanistan before any neighbouring country grabs this lucrative opportunity....
‘When the auditor is found shredding the evidence...’
WHEN AN economic or financial bubble bursts and companies built on dodgy foundations are being blown over by the wicked wolf, one question is always asked: where were the auditors?...
Trade losses suffered following events of September 11
THE visits of delegations from the state of Oklahoma, (USA), the European Union, who are consultants on trade and trainee officers of the ministry of information at the offices of the...
Globalization and economic disparities
DR. SUSAN George of Greenpeace says: “Acting globally has become a practical necessity in a world where we are acted upon globally, where decisions affecting our lives are taken at levels,...
Stringent laws for governing corporate sector
THERE is almost a consensus amongst the capital market experts and regulators that the goals of good corporate governance cannot be achieved without improving the accounting and auditing systems in the...
Pakistan’s economic ties with China
CHINA’S entry into the WTO is perhaps the most crucial economic event of the 22nd century. With a consumers market of over 1.25 billion and an annual import requirement of above...