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October 21, 2002 Monday Sha’aban 14,1423 Economic uncertainties deepen Economic uncertainties rather than lessening after October 10 elections have deepened further as more Pakistanis seem to have voted against rather than for ‘continuity’.... Heading for the sinkhole? The Asian Development Bank (ADB) has decided to provide $2.4 billion for a period of two years (2003-05) to fight poverty. What is the basis for their optimism to have shown... Finance capital and falling interest rates The proposed sovereign bankruptcy mechanism to be ready by spring 2003 “will not undermine the credit culture in the global economy”, says the IMF managing director Horst Kohler.... Mixing business with politics Post election, the air is thick with suspense. Speculations are rife on who and what sort of government would assume power. Varying forces are busy articulating moves and counter moves, some... Bourses brush off political worry to attain new level The KSE 100share index last week firmly settled above the twicehit coveted level of 2,100 points. Despite the post election political standoff, it appears to be heading to set a new... NBP, HBL invest in T-bills at discounted yield On October 16, the State Bank of Pakistan sold Rs19.75 billion worth of 6-month Treasury bills at a cut-off yield of 6.37 per cent, down from the previous 6.39 per cent.... Rupee outshines major units Dullness prevailed in the inter-bank market this week as there was no major demand for dollar from the corporate sector. Dollar inflow continued but the buying interest was absent from the... Commodities adopt wait-and-see approach The local wholesale commodity markets showed quiet but steady trend and physical activity during the post-election week was far below the previous week.... Land degradation in Sindh Land degradation is defined as reduction of its potentiality as a result of one or more processes arising out from human activities and habitation patterns.... How do agri items figure on export front? Initially farm commodities used to figure prominently in export trade but with the industrial base becoming wider and wider, they shrunk and now they hardly constitute 10-12 per cent of the... Hybrid rice: Irri-6 under threat Rice, the second most important staple food,in addition to meeting food requirements,is also a source of foreign exchange earning. The earnings from it are second to cotton, with basmati, sharing more... Living without bio-safety laws Biotechnology existed long before such a terminology was coined. But in the modern times, the word “biotechnology” has become a household word because of its association with the controversial issue of... ITBAs role in improving the economy The income tax bar associations (ITBAs) all over Pakistan can play a crucial role in improving the country’s economy by helping the CBR formulate business-friendly and citizen-friendly tax policies that would... If Singapore can do it, Pakistan Can A Pakistani banker who is working in Singapore is sad. Yes, sad because he feels that what Singapore has succeeded in doing, Pakistan has not, in spite of abundance of opportunities.... World economies report The German economy is not working. It stagnated over the summer and shows few signs of gaining momentum. A decline in retail sales, weaker manufacturing output... Global trade strategy Gone are the days when reliance was placed on various forms of foreign aids for boosting developing economies. The equation has changed dramatically and now it is the trade of a... Revamping the NIRC The Labour Policy, 2002 envisages revamping the National Industrial Relations Commission (NIRC). The reason or the need to do so is best known to the government.... Default situation not yet averted Pakistan has amassed a massive $8 billion in foreign exchange reserves, within the last three years. For the first time in the history of Pakistan, the reserves have reached such an... Pressing priorities for the new rulers The newly elected representatives of the people face a dual challenge in the economic sector improving the economy so that the mass of the people can benefit by that soon enough... NFC Award: a thorny issue In countries having federal structure, it is the central government which controls the main fiscal instruments (taxation, spending and borrowing) to maintain stability in the country. It is this government which...

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