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| March 18, 2002 | Monday | Muharram 3, 1423 |
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Who should appoint the SBP Governor?
Who should appoint the State Bank Governor and its board of directors ? Should it be the prerogative of the Prime Minister or the President under the new constitutional dispensation on... 
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Is there too much on PC’s plate?
People at the Privatization Commission (PC) must be jumping with joy. The National Bank of Pakistan (NBP) offering of 37.3 million shares (including the green shoe option) in November last year—the...
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Scare of a stronger rupee
Until recently the industrial investors were agitated by the perennially falling rupee and perpetually rising dollar and held the unstable exchange rate of the rupee as an index of the instability...
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Controversy over Thal canal project
The manner in which the Thal canal project has been undertaken is a natural cause for unrest among the people of Sindh, especially when work has been launched before having consensus...
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Increased oil prices boost equities
Despite massive battering at the weekend session, stocks performed well during the previous week as positive news in quick succession did not allow the investors to have an overview of their...
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Forex reserves rise
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended March 2, 2002, both notes in circulation and those issued maintained the upward trend....
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Rupee/dollar parity fluctuates
The rupee/dollar parity remained fluctuated between Rs59.80 and Rs60.50 in the last week. Most experts are of the option that the central bank efforts to protect exporters from suffering losses from...
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Steady supply keeps foodgrain prices low
The wholesale Karachi commodity markets showed easy trend last week, as the prices of essential items generally fell, followed by the reports of steady arrivals and the slack demand from Punjab...
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A nation divided over water
 It is a pity that while we must be focussing collectively on devising strategies for the conservation of precious water resources, some elements are trying to engage the federating units in...
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Minister’s prediction about wheat may materialize
The federal food minister has been upbeat about the wheat crop now in the fields; it would be ready for harvesting soon. He has predicted a harvest of about 20 million...
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Threat of aphids to wheat crop
The target for wheat, which is grown on about 8 million hectares, is fixed at 8.41 million hectares and the production at 20 million tons. Rain in Punjab has improved the...
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Assurances on reforms’ future sought
Japan has joined major bilateral donors and multilateral agencies to seek assurance and guarantee from the Pakistani government about the protection of its political and economic reforms, beyond October this year....
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Value-added textile craving for incentives
Pakistan’s apparel industry — one of the largest value-adding sub-sector to sliver fibre — till today, is reeling under the fallout of September 11 attacks on the US targets and the...
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Gas import options under consideration
 The recently revived Inter-State Gas Systems Limited (ISGSL) has geared up its effort to examine the gas import options from various countries through pipelines to bridge supply and demand gap and...
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SBP’s new concepts of foreign debt burden
The Governor of the State Bank of Pakistan delivered a key-note address on 2nd March at the 51st annual general meeting of the Institute of Bankers in Pakistan. During his speech,...
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Challenges euro poses to Third World
 The economic challenge for developing countries in Asia, Africa and Latin America is to develop and implement policies which meet the challenges of domestic poverty and a competitive international economic environment....
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IBRD-guided POL Transformation
With the first phase of the increase in oil marketing companies’ (OMCs) distribution margin from 2 to 3.5 per cent and petroleum dealers’s commission from 3 per cent to 4 per...
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The menace of money-laundering
 Pakistan continues to be a haven for ‘dirty money’, mainly because of its lax white collar criminal laws and its inability to enforce even these laws to curb the crime....
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Managing the economy: Policy issues:
Let us begin with good news: (1) Pakistan has successfully completed the requirements of the standby facility of the IMF and has been issued a certificate of good house-keeping by the...
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Employment: a key issue in development planning
In all economic evaluations the most important but widely ignored or lightly-treated indicator is the employment aspect of planning. This indicator is treated very casually in spite of its far-reaching socio-economic...
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