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May 6, 2002 Monday Safar 22, 1423 Will referendum stimulate growth? CAN PERVEZ Musharraf’s victory in the referendum affirming public support for his reforms and giving him a five-year term more, accelerate the economic growth?... Implications of economic policies THE OFFICIAL economic managers of the military government in collaboration with the bureaucracy of the World Bank, Asian Development Bank and the IMF seem to have successfully brought the economy of... Solving water scarcity problem PAKISTAN is already in a state of water crisis— particularly in southern Punjab, Sindh and its capital Karachi. It is high time that the people are made fully aware of the... Deregulating the drugs PAKISTAN, a developing country with a poor record of achieving targets in the social sector going back decades, is plunging deeper and deeper into a bottom-less pit.... The power sector crisis THE CORNER-STONE of the present government’s economic programme, is the revival and development strategy for reform and restructuring of the power sector, specifically, Wapda’s power wing and privatization of the KESC... Referendum results sway investors THE KSE 100-share index crossed rubican for the third time during the last couple of months but failed to sustain the coveted level of 1900 points as investors and institutional traders,... SBP mops up Rs32.9bn from inter-bank market ON MAY 2, 2002, the State Bank of Pakistan mopped up Rs32.9 billion from the inter-bank market through the sale of Treasury Bills. The auction of the Bills had generated Rs44... Rupee easy against dollar THE INTER-BANK forex market witnessed fresh dollar buying by local and foreign banks on the opening day of the week. The rupee was seen weakening on April 29, shedding 2 paisa... Dull trading in commodities THE WHOLESALE Karachi commodity markets showed fractional changes during the preceding week as physical trading remained on the lower side, partly because of Wednesday’s holiday on account of May day....