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March 4, 2002 Monday Zilhaj 19, 1422 What happened to external loans DURING his recent visit to the United States, President Pervez Musharraf was asked several searching questions including the one on the country’s external debt.... Pak-US ties: economic implications THAT Pakistan-US relations stand restored for a long period of time to come augurs well for Pakistan’s external security environment in general and some specific internal security- related issues in particular.... Emerging oil war A FORMER senior energy official of the United States has revealed that a critical battle for domination of oil market is currently raging between Saudi Arabia and Russia as an important... Investment: facts and fiction THE Overseas Private Investment Corporation (OPIC) of the US has begun evaluating five investment projects worth $200 million. Two of these are energy projects, one of software and two small enterprises.... From effective accountability to clean auditing A GREAT deal has been said of the need for absolute accountability of political leaders in Pakistan, and they on their part talk of the lack of accountability in other sectors,... Stocks boost strength of mega-issues STOCKS continued to seek further higher levels during the last week boosted by the strength of mega issues such as the PTCL, the Hub-Power, the PSO and some others and finished... Notes in circulation and issued continue the upward trend THE State Bank of Pakistan (SBP) on February 28, 2002 pumped in Rs2.8 billion into the interbank market. It injected through reverse repos of treasury bills Rs2 billion for two weeks... Rupee, dollar parity continue THE rupee/dollar parity continued to show steadier trend. When trading resumed after Eid Holidays, lithe activity was noticed in the inter-bank market on February 25, where the rupee shed 2 paisa... No major change in prices since Eid holiday QUIETLY steady conditions were witnessed on the Karachi wholesale commodity markets during the last week as there was no major change in the post-Eid holiday trading.... Methods for countering water scarcity posing serious threat WHILE water shortage should be giving farmers sleepless nights and one presumes planners of water and agriculture sectors would be concerned about it, no one seems to be looking at the... Water resource management in ‘kutcha’ areas PAKISTAN comes under the arid and semi-arid zones of the world. In these areas precipitation pattern is decling day by day. Drought, desertification and water shortage are the main indicators of... Diseases of pulse crops AS the population of Pakistan is increasing rapidly, there is need of increasing the production of food grains and agricultural commodities.... Patenting business methods FOR those who have been waiting since 1911 may still continue to do so, as even the new patent law of Pakistan promulgated recently has no provisions to patent business methods.... PSO’s sale drawing near AS THE privatization of Pakistan State Oil (PSO) draws near, an oil giant now seems keen to take over its certain assets instead of acquiring its complete business.... Hydrocarbon-rich basins PAKISTAN’S hydrocarbon-rich basins have resource potential of 200 trillion cubic feet of gas and 40 billion barrels of oil. But the country has only been able to explore a small part... Controversy over tax on payments under golden handshake schemes A LARGE number of employees in Pakistan have lost their jobs in the name of rightsizing or downsizing by private and public organizations and many more are going to be victims... Euro has still many problems to overcome BY THE beginning of March 2002, around 300 million people all over Europe will be using a single currency—the euro. The dream of economic and monetary union is thus expected to... Structural reforms IN THE late 1980s, Pakistan’s economy was faced with serious imbalances between domestic demand and aggregate supply, leading to macroeconomic instability.... Web-based trading: where do we stand? ON APRIL 30 last year, in an article published in Dawn, “Prospects of Internet-trading in Pakistan” I had challenged the idea of introducing web-based trading in Pakistan at that point in... Emerging energy crisis and options THE FAMOUS revolutionary Russian leader, V.I. Lenin once defined socialism as “the electrification of the whole country and the transfer of power to the people’s representatives.”...

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