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| July 8, 2002 | Monday | Rabi-us-Sani 26,1423 |
Sinking money in the KESC
 Not a day passes without national newspapers reporting consumers’ woes on account of frequent breakdowns in Karachi....
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Sweetener for merger: whom will it benefit?
Budgets by ordinances normally turn out to be totally opaque documents for the nation at large. Since the short and long term implications of budgetary measures announced through an ordinance do...
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A new wave of corporate frauds
A new wave of accounting frauds and white-collar crimes is sweeping corporate America these days, causing anxiety the world over as to which rules of the game are now to determine...
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Raw deal for small investors
The government has again lowered the rates of return on national saving schemes by upto 2.5 per cent. It has also lowered the slab of investment for application of 10 per...
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Bourses enter into new fiscal on firm footing
Stocks opened the new year account on a firm note, but the covering operations lacked aggressiveness associated with a bull market. Some of the leading financial institutions were still in the...
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SBP draws Rs12bn from T-bills
The market continues to be liquid. The State Bank of Pakistan at the OMO conducted on July 4, sucked in Rs12 billion from the money market through the sale of Treasury...
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Rupee keeps edge over greenback
Lack of interest amongst currency investors was witnessed this week. The rupee, maintained its firmness over the US dollar, amid fluctuations. On July l, being bank holiday, public dealings remained suspended....
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Commodities stay calm
There was a relative calm on the wholesale Karachi commodity markets earlier in the week. The prices of essential items did not show much changes and...
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The livestock potentials of arid lands
The arid zones constitute a major part of our territory, remaining unattended so far and the official statistics in this regard and grazing lands are far from complete and often misleading....
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Large dams: ecological and economic disasters
 Large dams are now damned, as ecological and economic disasters as the ground reality has drastically changed, Dams even are being demolished. Indus down the Kotri is no more a “perennial”...
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Quarterly accounts: a case of overkill
 The Securities and Exchange Commission of Pakistan (SECP has made it mandatory for listed companies to circulate quarterly accounts to shareholders, a practice that has been common in the US for...
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World commodity report
World tea production is projected to increase from the 1993-95 average of 1.97 million tonnes to 2.7 million tonnes in 2005, an annual average growth rate of 2.8 per cent. Production in India is estimated at 1.02 million tonnes in 2005, an average...
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Focus shifts to development projects
President General Pervez Musharraf has decided to take special interest in the mega infrastructure projects and has asked the economic ministries to apprise him at least once a week about the...
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Budget: hopes and fears
Will the budgetary measures that do not seem to be so misplaced help in pushing the economy from stability to growth, is the crucial question which even optimistic analysts might be...
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The vanishing software houses
 It is amazing that out of the total 664 registered software houses (SWHs), only 323 are operating, and 221 have either closed down or have become non-functional, while 86 of these...
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Financial woes of NWFP
With a gross deficit of over Rs three billion, the NWFP budget for the financial 02-03 is, by and large, a continuation of the out-going fiscal’s budgetary plan....
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Tariff cut to hurt auto industry
The government’s decision in the Budget 02-03 to reduce custom duty on import of built-up cars from 25 to 50 per cent and on motorcycles by 30 per cent might cause...
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Corporate farming: a bet on the wrong horse
Corporate Farming Ordinance (CFO) is a rude shock for all those advocates of rural-agricultural reform whose goals of such reform are not merely to increase land productivity in the short run...
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CBR scuttles hope of large increase in tax revenues
The gap between the revenue projections of the optimistic budget makers and the dogmatic Central Board of Revenue (CBR) is widening....
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Unpaid agents outperform CBR’s ‘jihadis’
 In a civilized society, the government is always grateful to those citizens who not only pay their own taxes but also act as withholding agent on State’s behalf and collect taxes...
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