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February 11, 2002 Monday Ziqa’ad 27, 1422 Globalization: challenge of blessings and burdens GLOBALIZATION is perhaps the most widely discussed, sometime contested phenomenon of our time. There are those who believe that globalization is a panacea for all the ‘ills of underdevelopment’.... America names ‘oil’ envoy for C.Asia THE appointment of an Afghan-born American as special envoy to Afghanistan by President Bush on December 31, nine days after the US-backed interim government of Hamid Karzai took office, only confirms... Privatization against national interests: Oil & gas cos: ONE of the adverse developments in Pakistan’s economy in the ‘lost decade’ of 1990s which has not been highlighted was that our GNP became less than GDP because of the adverse... Designing a designer economy PAKISTAN it seems has been practising what can only be described as ‘Designer Economy’ since people in designer suits took over the finance, the economic and the commerce ministries following the... Who will audit the auditor? AS INVESTIGATIONS into the collapse of energy giant—Enron (billed as the biggest financial failure in US history) takes astonishing twists and turns, it becomes abundantly clear that everyone who had anything... Share market grows by leaps and bounds ALL ROADS again led to the Karachi Stock Exchange last week as investors were not inclined to take even a technical breather and rode the bandwagon with the conviction that the... Rupee keeps edge over greenback THE rupee/dollar parity showed a mixed trend in the inter-bank market during the week ended on February 8.... SBP realizes Rs5.746bn on Treasury bills ON FEBRUARY 7, during the auction of the Treasury bills, the State Bank of Pakistan (SBP) picked up the whole amount and the return slightly went up for one-year maturity.... Commodity prices decline sans sugar THE WHOLESALE commodity markets in Karachi, showed quietly easy trend during the last week as local commercial houses were sellers on some essential counters amid falling demand.... Mango orchards on the verge of extinction MANGO, MANGIFERA indica L. an important foreign currency earning fruit crop of Pakistan. It is known as the “king of fruits”. The mango is nutritionally rich in carbohydrates and vitamin A... Diseases of cotton crop COTTON is the most important cash crop the world over and for Pakistan it brings 64 per cent of total foreign exchange besides providing livelihood to a large population in rural... Sheltering sacrificial animals THERE is an increase of 10-15 per cent animals at Bakra Piri in Karachi, every year. This market is considered to be the biggest one in the country which last year... Energy fuels the economy FOR oil marketing companies (OMCs), the year 2002 ushered in with a brilliant note as their sales surged by 13 per cent in January alone to 1.48 million tons as compared... ICC conference: opportunity for equity infusion? THE high profile International Chamber of Commerce (ICC) Foreign Direct Investment Conference, which is scheduled for 17th and 18th of this month in Karachi, has been billed as an important platform... Euro’s impact on developing countries JANUARY 1, 2002 was the day which marked the switch over of the euro from a “virtual currency” used by bankers and financiers to real notes and coinage to be used... Achieving SMEs’ target DOES there exist a big scope for achieving the objectives of creating new jobs and at the same time managing credible industrial surplus to increase the country’s stagnated exports, specially through... Axis of under development or evil? LO AND BEHOLD! Washington stands “isolated” in President Bush’s ill-advised description of Iran, Iraq, and North Korea as an “axis of evil”.... Customer-focused human resources THE core of a business is to exceed its customer-expectations through assured, motivated and committed employees capable of executing the functions, realize what is expected of them and have evaluation plans...

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