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| September 9, 2002 | Monday | Rajab 1, 1423 |
Decision to buy Boeings causing misgivings
 It is a miracle that the PIA, the national air carrier, after heavy losses since decades, has become a money earner. Three years back its future appeared murky and dark. But...
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Whither national drainage?
The executive committee of the National Economic Council (Ecnec) approved the National Drainage Programme (NDP) in 1997 at a cost of Rs31.4 billion with 67 per cent foreign exchange component of...
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NFC award and the demands of justice
With one stroke, decision-makers in Islamabad, have pushed out the ball from their court and have thrown it before the three provinces, Sindh, Balochistan and NWFP, to decide among themselves the...
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UBL sale not really transparent
The persisting confusion and uncertainty regarding the privatization of the United Bank Limited (UBL) seem to be over with the winning of the deal by the Abu Dhabi (UAE) Group &...
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Global water deficits growing
 The world is incurring a vast water deficit. It is largely invisible, historically recent, and growing fast. Because this impending crisis typically takes the form of aquifer over-pumping and falling water...
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Monsoon disturbance and its impact
 Pakistan has been facing drought conditions for the last six years. The following analysis shows that the combined effect of a number of factors has brought about a change of an...
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Balochistan drought: quick official action awaited
Balochistan, the largest province, covers about 44 per cent land of Pakistan. It is characterized as arid and semi-arid with a wide range of inter-related desert ecosystems that vary from one...
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Agriculture sector needs a new policy
The agriculture sector needs a policy to bring it out of the stagnancy it is facing for the last three years. Further delay would harm all related to this sector. The...
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Growth through value addition
One of the greatest achievements of the present government is macro economic stability. There are now unprecedented foreign exchange reserves nearing $8 billion....
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Diesel price deregulation: who will benefit?
The deregulation of high speed diesel (HSD) from September 1 is set to trigger intense competition among the oil marketing companies (OMCs)....
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Reassessing the role of non-executive director
 The role of the non-executive directors has recently come under fire in the wake of the seemingly endless corporate scandals that began last year with Enron. Each new failure discloses how...
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Low cost does not mean unsuitable housing
 At a recent seminar organized by the Council of Works and Housing Research on the “Role of R&D Institutions for Introduction of Appropriate Technologies for Low Cost Housing// Shelter in the...
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Fiscal Ord: are its objectives achievable?
The proposed fiscal responsibility and debt limitation ordinance-2002 (FRDLO) sounds not only impractical but in certain respects reflects naivete. Complex and chronic issues of reducing fiscal deficit and public debt have...
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Going East, a tough option
 President Pervez Musharraf has exhorted Pakistani exporters and investment seekers to go East, including China which is making rapid strides in the development of its economy along with soaring exports....
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A new tool of monetary management
The State Bank has started dollar/rupee swap with the banks on a regular basis. The central bank has set up a permanent desk for this purpose in its exchange and debt...
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13 ‘successes’ on the economic front
The military government will be completing its three years next month. Multilateral aid agencies like the IMF, the World Bank and the Asian Development Bank have given the government very high...
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