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July 15, 2002 Monday Jamadi-ul-Awwal 4, 1423 Economy of elections: playing ostrich It is not only wars and natural calamities or man-made disasters like 9.11 that impact adversely on national economies. Elections too extract a heavy toll from even vibrant economies, what to... KESC for 16pc raise in tariff Karachi Electric Supply Corporation (KESC) has filed a petition with National Electric Power Regulatory Authority (NEPRA) for 16pc increase in average sale rate, effective 1st July 2002.... What went wrong at WorldCom And now this - the most actively traded stock on the US markets is cut by two-thirds as its shareholders drive home from work Tuesday night - the result of a... Rationalizing drug prices Since the early 70’s, different governments have made certain rash decisions, some of which have resulted in long lasting ill effects in the development of local industry, while others have caused... Central bank injects Rs10bn into money market In a surprising move the central bank injected about Rs18 billion into the banking system on July 12 after money market ran into shortage of liquidity. Despite this injection, there was... Bulls fail to make the expected comeback Stocks lacked a normal trading interest during the previous week, as leading investors and bargain-hunters kept to the sidelines most of the time. They, apparently kept waiting for financial support, which... Dollar loses shine vs major currencies The rupee opened the week on a dismal note. Rising demand for dollar in the interbank market pushed the rupee down against the dollar on July 8, losing 4 paisa to... Foodgrain markets enjoy comfortable week The Karachi wholesale commodity markets showed firm trend during the previous week, as prices of most of the essential items remained around the previous levels.... Sustaining farm production under water crisis Over the past two to three years, our agriculture is faced with a serious problem — water shortaage. The question is, ‘can we sustain our agriculture under the conditions we are... Mango exports tripled Mango (L. Mangifera indica) is the most famous fruit of Pakistan and belongs to the family “anacardiaceae”. It originated from the area now comprising Pakistan and was gradually spread to the... Agriculture needs impetus In the current external and domestic environment, the revival of country’s economy has become a difficult task. There appears no option other than developing the agricultural sector.... Whither revival of the sick industrial units? We have recently been reading in newspapers that the Committee for Revival of Sick Industrial Units (CRSIU), is doing a commendable job, apparently for reviving the sick industrial units.... Thar coal: issues and options China and Pakistan have recently entered into an agreement to launch work on the Thar coal project. The Chinese company, Shenhau group will undertake the project on Build-Own-Operate (BOO) basis and... World economic report Economies throughout Asia are improving faster than had been expected, thanks to the rising exports and the renewed spending by consumers. As in the past recoveries, the main driver this time is the United States, the main destination for a large share of Asia’s exports.... Banking, small loans and economy Commercial banking, one of the main mechanisms of financial intermediation in bringing the investor and the saver together and providing credit to the investor as well as the consumer, has an... Social costs of Privatization During the last two decades of the previous century, there has been a shift in state-controlled politico-economic management paradigm, which is leading to a progressively liberalist and free market reform creed.... Dynamism of human resources: Improving management The revolutionary change in the concept of human resources that they are not means to an end but ends in themselves, are no longer applied as a measurable component of process... Falling consumer incomes: a drag on sustainable growth It is difficult to argue with absolute truths. But one that has constantly escaped the country’s financial managers is that the economy, possibly cannot achieve the cherished goal of sustainable growth,...

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