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July 21, 2002 Sunday Jamadi-ul-Awwal 10,1423 Can economy grow if market shrinks? THE BUSINESS team of Dawn investigates to identify people falling in the middle category in urban Pakistan. And to discover if there is meltdown of middle class to below the poverty... Shaukat pulls out figures in govt’s defence ISLAMABAD, July 20: Finance Minister Shaukat Aziz has rejected an allegation that the present government did not do anything for the common man during the last two-and-a-half years time.... On employment; and liquidity vs consumption KARACHI, July 20: The problem is there. The purchasing power of the middle class has been falling. Much has been said and written about its impact on the economy. But a... Balochistan worst hit by slowdown QUETTA, July 20: The life of common man has become miserable as a result of the constant rising cost of living. It is an undisputable fact that over 70 per cent... All dressed up and nowhere to go: Middle-order executive KARACHI, July 20: As one drives along I.I. Chundrigar Road in Karachi — the Wall Street of Pakistan — it is difficult to miss the sight of some shutters pulled down,... Declining sales and squeezing margins LAHORE, July 20: Go to any market or a department store, you’d find it brimming with people. Yet the retailers complain of declining sales and squeezing margins. In bazaars that are... Smuggled goods, a source of relief PESHAWAR, July 20: A variety of smuggled goods and substandard daily items available in abundance in the market have provided a breathing space to the cash-starved middle class of the NWFP.... Rupee’s real value can benefit household budgets KARACHI, July 20: The over valued rupee is not only creating havoc for the household budgets but has also swelled country’s internal and external debt to Rs4,003 billion (Rs1,708 billion and... Firm trend on cotton market KARACHI, July 20: Cotton market on Saturday showed firm trend but physical business remained slow as spinners are eyeing the lint under sale by the Trading Corporation of Pakistan.... Power tariffs KARACHI, July 20: Chairman Pakistan Soap Manufacturers Association M. Yaqub Karim has strongly criticized Nepra and OGRA for allowing Wapda and KESC for raising 40 paisa per unit hike in power... Alfalah, Emirates Profit rates KARACHI, July 20: Bank Alfalah Ltd. paid 8 per cent return to its saving account holders for the six months ended on June 30 2002.... Second hand garments import touches Rs2bn KARACHI, July 20: A double digit inflation, enormous rise in stitching charges by the tailors, falling living standards, rising utility bills cost, soaring prices of essential commodities and increasing prices of... Karachi Port operations KARACHI, July 20: Eight ships carrying containers are expected to arrive at the outer anchorage on Sunday, according to KPT sources.... UTP posts Rs133m net profit KARACHI, July 20: Abamco Limited, the asset management company managing Unit Trust of Pakistan (UTP), an open-ended mutual fund in the private sector, on Saturday announced audited results for UTP for... Need for consumer resistance bodies KARACHI, July 20: Nobody will probably dispute the fact that there is no official check on the occasional price flare-ups in the essential commodities and the chief victim continues to be... Diminishing middle class KARACHI, July 20: Rightsizing is a cornerstone of the policy of structural adjustment that the country has been enforcing on the advice of donors — the IMF and the World Bank.... Budget impact on consumer banking KARACHI, July 20: How the budget 2002-03 is going to impact on consumers banking is an important issue because people falling in the middle income group make up a significant part... Support systems take care in small communities KARACHI, July 20: Fazl-e-Ali Naseer, a member on the managing committee of the Khoja Isna Asheri Jamaat disputes the notion that more people are dropping down from middle class into the... Drugs prices beyond reach KARACHI, July 20: Whether or not the drugs, notably the life saving ones should be under the ambit of notorious General Sales Tax is a question being actively debated both in... Women and inequality KARACHI, July 20: Inequality is not only breeding poverty but eroding purchasing power of lower and lower middle class. These were the findings of a study ‘Women in poverty’, undertaken by...

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