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August 12, 2002 Monday Jamadi-us-Saani 2, 1423 The truth about lost decade and high forex reserves Economy is a fascinating subject. You can use the same data and statistics to prove or disprove a point. And if you indulge in selective use of these data, you can... Political risks to economic reforms One of the key concerns of the World Bank (WB) indicated in reports on the Country Strategy Assistance (CAS) and Pakistan Development Policy is whether the current economic reforms would stay... Taxing the poor Is poverty a curse from God? Pakistan federal budget replies, yes, the poor should be punished more. A conscious effort has been made to decrease the burden of taxes on the... High utility rates stifle exports Commerce and Industries Minister Razak Dawood has been candid in admitting that utility rates in Pakistan are high and make the country’s exports less competitive.This is a long-standing complaint of industrialists... Stock market back on rails The mid-week rally initiated by the revival of strong financial support and actively followed by the others, put the market back on the rails amid predictions that the worst may be... Deposits go up higher by Rs203,976m On August 7, the State Bank of Pakistan mopped up Rs27.91 billion from the sale of market treasury bills of 6 months maturity. Bids for 3 months and 12 months were... Rupee remains firm Rupee remained firm this week in the absence of moving factors Euro slipped 108 paisa on the opening day, while the dollar remained stable in the interbank market and gained 5... Essential items except pulses stay firm Pulses remained under pressure on the Karachi wholesale markets during the preceding weeks owing to oversupply followed by larger unsold stocks lying in the go-downs of importers.... Managing the water shortages In the backdrop of persistent water shortages in the country the more efficient use of water in our agriculture has become a core requirement as over 70 per cent of the... Boosting edible oil production Pakistan is basically an agricultural country, yet we are forced to import large quantities of different agricultural commodities. The big holes like import of edible oil, fertilizer, tea, pulses and pesticides... Strategies of pesticide usage under the WTO Agriculture in Pakistan has been undergoing drastic and dramatic changes for the last four decades. First of these changes was the Green Revolution (GR) that had received appreciation through out developing... ‘Where were the auditors?’ When an economic or financial bubble bursts and companies built on dodgy foundations are blown out, one question is always asked: where were the auditors?... An export-import bank for Pakistan The Federal Minister for Commerce, Industries and Production, while announcing the trade policy 02-03, said the cabinet had authorized preparation of a feasibility report for an EXIM Bank and added that... World economic report Stock market weakness, concerns about the US outlook and two consecutive months of falling business sentiment are clouding the euro-zone economy’s prospects of staging a strong recovery in the second half of this year.... What use to make of reserves? It is perhaps for the first time in the history of our country that the Governor of the State Bank is openly discussing national policy regarding exchange rates and reserves.... Can liberal consumer finance lift economy? The State Bank decision allowing banks to offer lease finance to the general public for purchase of consumer durables is aimed at fuelling economic growth through increased spending. The decision is... Poverty reduction in Sindh Under the guidance of donors in Washington and Manila, Pakistan has prepared a draft poverty reduction strategy paper (IPRSP). The strategy is supposed to be endorsed by the future elected government... Fiscal responsibility and debt limitation law Financial management has to be conducted with great sincerity, integrity, imagination, skill and care. A prudent limit or amount of borrowing for countries is that the borrower can generate, with the...

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