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December 23, 2002 Monday Shawwal 18, 1423 Wapda: a time to speak the truth THE most incorrect assertion regarding progress achieved in the revenue increase from Rs93 to 186 billion by Wapda during the preceding three years made in the last presidential speech before the... How to stimulate Pakistan’s economy THE foreign exchange reserves have crossed the unbelievable level of $9.00 billion, which is about three times higher than the best level, which we achieved during the last 50 years. The... Contextual needs of industrial estates ON 30th November 2002, the Federal Minister for Industries and Production asked the Pakistan Industrial Development Corporation (PIDC) to convert its vacant plots at Korangi and an abandoned location housing a... Profits from ‘war on terror’ WARS are no more fought for territorial conquests or ideological reasons, much less for causes such as democracy, human rights or social justice. Modern wars are essentially resource wars or fought... PTCL, Hub Power make leading investors multi-millionaire BULLISH conditions prevailed on the Karachi stock market during last week. Investors were not inclined to take even a technical breather, and followed the lead given by the foreign fund managers.... Money market remains in fairly liquid position ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended December 7, 2002, both notes in circulation and those issued maintained rise in the week... Dollar, rupee in a rush to regain losses MIXED sentiments were witnessed in the currency market this week, with dollar trying to regain its lost strength over the rupee. In the inter-bank forex market the dollar showed a marginal... Ample supplies keep commodities under tag PRICES of essential commodities on the Karachi wholesale commodity market showed fall during last week as ready position remained fairly comfortable — thanks to steady arrivals from upcountry markets.... Wheat cultivation delayed in Punjab THE government of Punjab has demonstrated remarkable complacency by expressing satisfaction over a situation that should have sent alarm bells ringing at a loud pitch. Not only that: it seemed to... Sugar-cane growers need relief THE voiceless sugarcane growers of the country, of Sindh province in particular, have been hit hard, once again this year, by the dilemma of government’s apathy and greed of influential owners... Ber orchard: an economical enterprise JUJUBE, locally called ‘ber’, is an indigenous fruit of China and South Asia. Produced in temperate regions such as China, India, Pakistan, Syria, Malacca, Australia and Malaysia, it is also grown... Cut in power tariff made without consulting donors LIKE previous political governments, Prime Minister Mir Zafarullah Jamali’s government has also started violating various understandings reached with the international financial institutions (IFIs).... Export of engineering goods EARLIER, the Export Promotion Bureau (EPB) had plans to attain a gradual growth of exports to $11.5 billion by the fiscal year 2002 and $14.1 billion by 03.... World commodity report Gold prices have risen recently in response to a weaker and geopolitical concerns.... Will it be acceptable to the IMF? : Asian Monetary Fund CURRENCY crises are troubling events. They tend to spread from country to country in a region, leaving hardships of recession—and, consequently the risk of protectionism—in their wake. Currently, the problems of... Restructuring globalization process ACCORDING to anti-globalization activists, current world economic order is only serving the elite minority and making the majority poorer just because the corporate globalization or free-market capitalist system is simply unable... NSS: wrong tool, flawed objectives FOR over a century, governments have been raising money from individuals for meeting their budgetary requirements through institutions like the Central Directorate of National Savings (CDNS). And if the truth were... Housing: a jump-start for the economy IT was only in 1990, at the initiative of the USAID that some practical steps were taken.Tt was then realised that market-oriented housing industry had great potential to serve as an... Monetary management: more experiments ON November 17, the State Bank of Pakistan (SBP) announced a hefty 150 basis points cut in its discount rate — the largest slice so far in a single day other... Pre-conditions for more US aid THE 16 pre-conditions or performance criteria for additional aid to the poor countries from the US as set by President George Bush under his new Millennium Challenge Account (MCA) seem pretty...

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