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July 22, 2002 Monday Jamadi-ul-Awwal 11,1423 Law to suspend PM, ministers’ salaries WHILE the constitutional amendments proposed by General Tanvir Naqvi of National Construction Bureau (NRB) empowers the President to hire and fire the Prime Minister, his cabinet, the provincial governments and all... More children: a blessing for the poor AS JULY 11 marked the World Population Day, we got to hear more of the commonly understood reasons for the high rates of population growth and its adverse impact on the... Guaranteeing title to land THE AGRARIAN systems and land policies prevailing in South-East Asia, including Pakistan had long been subject to colonial rule, are not only identical in essential details, but also their laws relating... Banks prefer govt papers to ‘risky’ lending THE STAGE is set for further cut in State Bank discount rate but banks seem little prepared to respond effectively to further easing of the monetary policy. Come what may—most banks... Stability governs capital market DESPITE the mid-week technical correction, stocks managed to finish on an improved note during the last week, as the investors had build long positions on selected counters, following the lead of... Banking system faces liquidity crunch AT THE Open Market Operation (OMO) held on July 19, the State Bank of Pakistan injected Rs24 billion into the banking system through one week reverse repo of treasury bills. Total... Commodities stay sluggish TRADING ACTIVITY on the Karachi wholesale commodity markets was relatively slow as buyers were not inclined to make fresh commitments at the rising trend of some essential items.... Euro lures investors THE OUTGOING week was full of uncertainties. For the first time the investors saw euro capturing the market. Late dollar touched new lows versus the rupee as most investors decided to... Organic farming and sustainable growth ‘ORGANIC AGRICULTURE’ is defined worldwide as ‘farming without the addition of artificial chemicals’. Today, many people are interested in organic produce and organic farming.... Degradation of land in Sindh LAND DEGRADATION/ desertification is a global phenomenon caused by environmental and climatic factors and human activities. The Saarc workshop on ‘Rehabilitation of Degraded Lands’ (1994) defined it as “reduction of current... Agri models for higher productivity MANY NEW models, machines and methods are being put to use to achieve high agricultural productivity in various Asian countries.... Financing housing construction THE GOVERNMENT is keen to provide housing, a basic need to its people, with its National Housing Policy 2001, carrying the objectives: (1) to accelerate housing activity and contribute towards employment... Consumer price indicators: an analysis AMONG ALL the official statistics of Pakistan, consumer price indicators (CPI) are the most sensitive tools for measuring changes in price levels. Their values are also used to find the inflation... Foreign investors shy FOREIGN INVESTMENT in Pakistan is not picking as the US and western investors continue to shy away due to what is generally believed ‘inconsistent policies and worsening of law and order... Debt trap exit strategy: a recipe for sour dream THE GOVERNMENT is pursuing a debt retirement policy to pull the country out of debt trap by 2012. By reducing debt liability from existing 102 to 60 per cent of the GDP, it plans to bring down the debt to sustainable limit.... Savings’ profit cut not a far-sighted approach THE POST-BUDGET reduction in the savings rate is a continuation of the policy of cutting the mark-up on national schemes supposed to encourage investment by making capital less costly.... PIA in the open skies AN ARTICLE by Mr. Farrukh Saleem, published in the Dawn on the 1st of July, has maligned the PIA for no reason and painted it as the butcher of aviation industry.... The shrinking middle class “MIDDLE CLASS is the back-bone of a nation”. This was observed by Aristotle more than 2300 years ago but this adage has stood the test of time over thousands of years.... Credit is plenty but not enough takers SHORTAGE of commercial credit which used to be the constant complain of borrowers from banks has given way to surplus credit in the look out for credible borrowers.... Transparency in HBL accounts THE RECENT failures of the Enron, the Worldcom and the Xerox in the USA speak very poorly about the standard of well-reputed audit companies in that country....

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