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| August 5, 2002 | Monday | Jamadi-ul-Awwal 25,1423 |
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The truth about low inflation rate
INFLATION is regarded as the worst kind of taxation. And those who get hit the most because of excessive acceleration in the rate of inflation, say when it is in the... 
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The lack-lustre trade policy
VIEWED against the perspective of globalization and liberalization, the trade policy (02-03) appears to be stereo-type and conventional, in so far as it does not envisage innovative and far-reaching measures to...
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Do the people pay taxes?
 THE statement that only one million out of 140 million pay taxes has now been repeated so many times that it has not only gained considerable popularity, particularly among officials and...
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Reducing debt without development
THE World Bank says that heavy public debt bars us from allocating enough for development outlays and for the much-needed social sector development. The same goes for earmarking enough funds for...
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Cut in NSS profit rates!
THIS July, the rate of return on the National Savings Schemes (NSS) was reduced a third time since January 2001 by 2.5 per cent. In the year 2001, it was reduced...
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SECP, KSE row keeps market under siege
IT WAS a week of low volumes on the Karachi Stock Exchange last week, as the leading investors as well as the institutional traders remained absent, leaving the market at the...
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Rupee stays strong
THE rupee commenced the week on a positive note and managed to hold its firmness versus the dollar and euro in the inter-bank market and the kerb. Several interventions by the...
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Demand, time liabilities display rising tendency
 ACCORDING to the Weekly Statement of Position of Scheduled Banks for the week ended July 20,2002, the sum of demand liabilities rose in the week under review, primarily because of a...
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Pulses ease on fresh arrivals
THE WHOLESALE commodity markets of Karachi last week again showed mixed trend as the prices of a number of essential items rose and fell on the selling prompted by the reports...
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US subsidies crippling third world farmers
 SINCE 1996, the United States has resorted to massive farm subsidies. Not surprisingly, the international cotton prices have crashed ever since. Could there be a worse indictment of the American agricultural...
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Short mango season
IT WAS surprising that we had a short mango season this year. Previously, we had this juicy fruit at least for four months ending September, but this year even in the...
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Population and economic development
WE GENERALLY hear that economic development in Pakistan is slow, because of its large and the increasing population. There are indeed some countries with lower population density and high per capita...
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Why talk about recession?
DAWN IN its editorial of July 29, 2002 entitled, “Not the Right Indicator”, commented on various key economic indicators of the country. Regrettably, the editorial under review is based on pre-conceived...
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Wapda, KESC draining resources
Pakistan’s two major state enterprises, Wapda and the KESC, continue to bleed financially despite regular pumping of billion of rupees into them by successive governments. But the latest offer of Rs30...
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Prospects of water desalination
 DESALINATION of water is one of the most important engineering task facing the coastal regions of Pakistan in general and the city of Karachi in particular. Lacking unlimited supplies of potable...
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Lyari Expressway: development projects elite focused
 ON 26 JULY 2002, progress on the Lyari Expressway was reviewed at a high level meeting under the chairmanship of the Governor of Sindh. Promoters and executors of the project, comprising...
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Cost of doing business
THE INVESTMENT and business growth in Pakistan is heavily suffering due to a host of factors; the single most factor is certainly the persistent anti-business attitude of bureaucracy, in particular—both at...
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Islamic finance: form and substance
PAKISTAN HAS been embroiled in addressing the pressing issue of which financial system to follow. This has, to date, been dealt with by substituting English terms with Arabic terms without bothering...
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