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November 4, 2002 Monday Sha’aban 28,1423 Arab economies in a mess Some Arab countries appear to be incredibly rich. These include Saudi Arabia and the six Gulf states. Syria and Iraq have socialist regimes and state-controlled economies. Libya is also oil-rich, but... Factors that contribute to poverty The outgoing military regime has added millions to the already very high population of poor in this country as it single mindedly kept its focus on accumulating foreign exchange reserves in... Fallacies in the SBP’s annual report The Annual Report of the State Bank of Pakistan for FY02 is disappointing on all major counts, viz. understanding and analysis of (i) macroeconomic developments, (ii) monetary and credit policy, and... Banking reforms and efficiency The overall financial efficiency of the scheduled banks has not improved due to faulty design and improper sequencing of reforms. In fact, the financial efficiency, gauged by the interest rate spread,... Bears enter the market to abort sustained bull-run The KSE 100-share index last week breached through the psychological barrier of 2,300 points but failed to sustain it, as the bears moved in and indulged in massive weekend profit- selling.... Greenback starts losing fad The currency trading remained range bound this week with the rupee/dollar parity moving both ways in a narrow range. Activity continued to be sluggish in the absence of moving factors. Investment... Liquid conditions dominate on money market On October 30, the State Bank of Pakistan mopped up Rs37.434 billion through the auction of one year Treasury bills at a cut off yield of 6.9137 per cent. The Central... Ample supplies keep commodities afloat The Karachi wholesale commodity markets showed quietly mixed trend during the last week, as prices of some of the essential items were firmly held at previous levels, while others fell under... Drought and water management strategies Pakistan is suffering from a severe drought for the last three years. A regional workshop on water management was held recently at Lahore which was organised by the Pakistan Council of... Need to tap date export potentials Dates have immense nutritive value and have been found to support the immunity system, stages of growth and helps in preventing physical and mental fatigue and mineral deficiency. These have been... Banana plantation on the edge of devastation Banana, the second largest fruit crop of Pakistan was introduced in Sindh, in 1913. Initially, seven varieties were brought from Mumbai, 15 from Puna, Kolkata and Sri Lanka, and eight from... Coal-based power plants: Power Generation Policy 2002: The government has announced the policy for power generation projects that lays emphasis on promoting indigenous fuels and developing renewable sources of energy.... World economic report Canada’s economy is inextricably tied to that of its southern neighbour; the Bank of Canada keeps an eye on the American dollar, while the two countries argue over oil supplies and lumber exports... A reliable picture of the economy The State Bank of Pakistan’s Annual Report for the FY 2001-02 provides an opportunity for all the stakeholders to have a consolidated and reliable picture of the immediate past of the... Economic zoning: strategy for development The global economy would have never achieved its dimensions without the contribution made over the past four decades by about 2000 economic zones operating in almost all the continents.... Attracting FDI is not ‘a too difficult’ task Foreign direct investment (FDI) proved resilient during various financial crises e.g. the East Asian crisis of 1997-98, the Mexican crisis of 1994-95 and the Latin American crisis of 1980s.... Crude prices poised for a rise Although oil prices had witnessed relative stability in the recent past, inter-alia, due to low demand resulting from a global economic slowdown, the same had lately shown a rising trend which... ADB loans to revamp judiciary Does Pakistan require foreign loans to improve the functioning of its courts and the quality of justice delivered there? The Asian Development Bank, at least, thinks so and has already approved... Poor asked to take care of themselves The poor of the country will have to wait their turn to a quality life, or keep fending for themselves as best they can, for the poverty alleviation efforts of the... More power with less witch-hunt? The prospect of shortage of power of 5,529 mw by the year 2009-10 unless adequate steps are taken to increase output of power correspondingly in good time will not alarm a...

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