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February 18, 2002 Monday Zilhaj 5, 1422 Corporate borrowings: banks reluctant to lower mark-up DESPITE moral susasion by the State Bank and the ministry of finance, banks are reluctant to lower corporate borrowing costs in line with the cut in discount rate.... Managing public sector development Programme THERE are some serious causes for concern about the PSDP that was announced by the president. It seems to comprise projects that have been lying around for the last 35 years.... Agenda for the post-Sept scenario Finance Minister Shaukat Aziz, while speaking at the Euromoney Year Award presentation ceremony, said Pakistan was faced with daunting challenges after the September 11 episode and vowed to meet them successfully.... Legal flaws hinder foreign investment AFTER, almost seven years of investment stagnation in Pakistan — except moderately in the oil and gas sector and the failure of almost 4,000 sick industrial units to expand — the... Karachi stocks depict depressive trend THE above expected dividend, announced by some of the leading companies, including the Hub-Power and some banks — notably the MCB and the Askari Bank — and a fresh aid package... Rupee firm against greenback IT was another dull week for investors in the currency market. Easy availability of dollar kept the rupee firm in the inter-bank market on February 11, with major buyers on the... Notes in circulation decline ON February 12, the State Bank of Pakistan (SBP) pumped in Rs18.3 billion in the inter-bank market. The injection was made through two-week and four-week reverse repo of Treasury bills at... Grain market stays quiet THE Karachi wholesale commodity markets showed quietly mixed trend during the preceding week as some of the essential items suffered fresh fall under the lead of pulses.... Impact of irrigation projects on environment ACCORDING to Section 12 of the Pakistan Environmental Protection Act, 1997, no proponent of a project shall commerce construction or operation, unless he has filed with the Environmental Protection Agency (EPA)... Farm sector: subsidize or not to subsidize? PAKISTAN’S farm sector is edging towards attaining the goal of full mechanization without the official help. The higher total production of some major cash crops and per acre yields is reflective... Identification of vegetable diseases VEGETABLES rank next to cereals as a source of carbohydrates. Their plants store reserve food in roots, stems, leaves and fruits which are eaten fresh, cooked, pickled nd along with the... Evictions along Lyari Expressway DEVELOPMENT projects and programmes often give rise to vast scale population displacements. These displacements, at times, are a consequence of inappropriate choice of projects, narrow directioned design and rigid implementation procedures.... Foreigners ready to pounce on PSO: Prelude to privatization: THE most-recognized measure with which companies are rated in the world market is the annual listing provided by the Fortune magazine. Every year, it lists top 500 companies of the world... Slowdown in manufacturing sector THE manufacturing sector is the victim of structural adjustment programme of 1990’s. Continual adjustments in utility rates and massive reductions in custom duties have impacted the sector adversely. Resultantly, growth performance... Vast opportunities for export of gems and jewelry PRECIOUS and semi-precious stones used in jewellry increase the value of ornaments. Pakistan has huge deposits of the world’s best and rare varieties of gemstones. The finest quality emeralds and rubies,... Govt, OMCs’ tussle over margin issue THE issue of raising the margin of oil marketing companies (OMCs) to four per cent from two per cent has surfaced again, but the government, second time in six months, has... Globalization to blunt comparative advantage THE events of September 11 overshadowed two major setbacks the US industry had suffered. The first was Enron’s filing for voluntary winding up. With over $50 billion worth of assets, Enron... Tougher anti-money laundering law on the anvil NEW anti-money laundering law aimed at restricting illegal transactions is on the anvil. the task force on money laundering is believed to have finalized its initial report in the light of... Future of power generation AT present, most of the energy being generated in our country is through the burning of fossil fuels. In this article, the writer will present the various options and why selection... World commodity report Gold...

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