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| August 19, 2002 | Monday | Jamadi-us-Saani 9, 1423 |
What makes power cost burgeoning
 No doubt that the grant of Rs. 30 billion to the ailing Wapda and the KESC has lessened to some extent the burden of high cost of power at domestic consumers...
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More power to SECP
The Securities and Exchange Commission of Pakistan has been taking some bolder steps in the direction of improved corporate governance. Not all of these have been well received though in all...
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Impact of exchange rate on exports
The State Bank’s strategy to defend dollar through market intervention, as an export-boosting mechanism, needs to be reviewed and revised, after gaining the much-needed stability in exchange rate in the wake...
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Exchange cos ready to replace money changers
The State Bank has so far received half a dozen applications from big money changers for conversion of their business entities into foreign exchange companies. The state-run National Bank of Pakistan...
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Despite official spat financial market behaves modestly
Stocks finished the week on an improved note for the second week in a row, although the presence of some psychological depressants did not allow the consolidation market forces to play...
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Special cash reserves on new FCAs swooped by 5pc
The State Bank of Pakistan, has lowered the special cash reserve on new foreign currency accounts from 20 per cent to 15 per cent. It has kept intact the mandatory reserves...
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Rupee weakens against major units
No major development was observed in the currency market, where the rupee/dollar parity remained almost stable amid minor fluctuations....
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Industrial raw materials reel under price pressure
The Karachi wholesale commodity markets showed mixed trend as the prices of major industrial raw materials remained under pressure and fell further on selling prompted by reports of steady arrivals from...
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Is the cotton price flare-up speculative?
The recent price flare-up on the local cotton market may not be based purely on speculative mill buying, it may have been caused by some insider reports of damage to the...
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Agricultural policy matrix
 Agriculture is the mainstay of Pakistan’s economy. It contributes 25 per cent to the GDP and nearly 70 per cent of the total exports beside, engaging 44 per cent of the...
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Hedge-trading in cotton
Cotton is admittedly the most important cash crop of Pakistan which claims 5th position among the cotton-growing countries of the world. Its export in the raw form (as lint) as well...
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Liberalizing trade with S.Lanka and Bangladesh
 The liberalized trade agreements between the three South Asian countries,Pakistan,Bangla Desh and Sri Lanka, provide big opportunities for regional trade with a potential to benefit all the parties involved and strengthen...
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World commodity report
In the week ended on August 3-4, gold got some relief as weak the economic data led to doubts about the pace of the US recovery. On August 2, gold prices were at $305.60 an ounce in the London Bullion Market...
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NFC award and Balochistan
The government decision on the National Finance Commission (NFC) Award, 2002 prior to October elections for the packaged democracy seems to augur well....
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ADB’s concern over increase in poverty
After the World Bank, the Asian Development Bank (ADB) has started saying that poverty in Pakistan is rising despite all-time high resource allocation for the purpose....
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Plight of the third world
 The iniquity of global class-conflict is persistent; it is rather escalating as a reversal of colossal attempts to mitigate it. The economic measures or the statistics for that matter may apparently...
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Imperatives of SMEs’ promotion
Small and medium enterprises (SMEs) benefit the society by the generation of local economic activity and wealth, creation of new ideas and jobs, and introduction of new products and services....
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Social security under one roof
 The social security scheme in its rudimentary form for industrial and other workers was introduced for the first time in the year 1965 when the West Pakistan Social Security Institution Ordinance...
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Many units struggling for survival
In an age of aggressive globalization when major financial institutions are merging into, and emerging as, super-giants globally, there is little scope for little financial institutions in large numbers to survive...
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Adverse effects of water politics
It is highly astonishing that the Water Vision-2025 projects prepared by Wapda mostly consists of ten major flood canals for political appeasement of the provinces. This is perhaps a clever move...
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