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| December 2, 2002 | Monday | Ramazan 26,1423 |
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Political uncertainty helps bears drive bulls away
Barring the week-end snap rally, stocks received massive battering during the last week, as combination of negative news halted the market’s upward drive amid fears of political uncertainty.... 
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Rupee stable against major currencies
The rupee/dollar parity showed a stable trend in the outgoing week. Trading activity was slow in inter-bank and kerb markets....
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Export refinance rate cut
During the week the State Bank of Pakistan lowered the weighted average yield on six-month Treasury bills and the export refinance rate, following a cut in discount rate from 9 to...
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Commodities decline
Prices of essential items generally fell last week as larger arrivals from the upcountry trading centres unsettled the market. Moreover, ready demand was relatively slow as buyers curtailed their daily intake,...
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Wind power development in Sindh
 We have to speak with caution about application of windmills in Pakistan and their economy. In their home country i.e., Netherlands, they disappeared very fast between 1920 and 1950. Hardly 7—8...
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Agricultural production stagnant
The new government has pledged to follow policies of the military regime. That was apparently the basic condition for permission to enter the citadel of power....
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‘Safe use’ of chemical pesticides?
Most farmers use chemicals on their farms which are used to control pests and are known as pesticides. Included under the headings are: herbicides, insecticides, rodenticides, fungicides, and others. While all...
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Prudence in liquidating an institution
The government in its wisdom or following the dictates of the World Bank and the IMF decided to wind-up the Federal Bank for Co-operatives (FBC). This institution was established in 1976...
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World economies report
For several decades, East Asian economies have appeared to be models of predictable prosperity. First Japan, then Hong Kong and Singapore, then Taiwan and South Korea, followed by South-East Asia.....
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Who will bell the car barons?
 THE government in recent years has shown some positive signs of formulating a long-term industrial policy, which brings hope for industrial revival in the country....
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Karachi without a master plan  On
4, November 02, the Sindh Housing and Town Planning Department amended the Karachi Building and Town Planning Regulations 2002. Amongst the various outcomes of the amendment, the conversion of residential...
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Discrepencies in the SBP’s annual report
THE SBP authorities, off and on, have been claiming that since 1999, high cost commercial debts of around $4.5 billion have been repaid, while the fresh low-priced debts of about $2.5...
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Banking reforms Imperative
While the World Bank underscores the fact that profitability of banks in Pakistan is very low, the millions of savers in Pakistan have been protesting that they are being paid very...
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Frightened e-technology goes underground
 HOW fragile is the so-called New Economy was amply evident when after seeing off its peak (1995-2000) it finally burst, eroding investors’ confidence in it; the media has since renamed it...
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Call poverty by any name |
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Inflation in asset prices: a global challenge  Central banks main task over the past three decades has been to defeat inflation. But now they face an even tougher challenge:...
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US textile policy and Pakistan The US textile policy has been redesigned to protect domestic industry from cheaper imports and to open up foreign markets for textile\apparel products on a reciprocal basis. It was in pursuance of this policy that Pakistan got the three-year textile package...
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WB’s country assistance strategy The World Bank’s lending programme for the FY03 to FY05 need to be analysed with a view to understand the policy-orientation endorsed by the donors as the new government assumes office....
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