Why call it housing finance?
A conference on housing finance was organized by the State Bank of Pakistan in December 2002. Focus of the conference was to seek ways and means to enlarge asset-backed mortgage financing,...
Savings and investment not responding to reforms
Most of the economic indicators have entered a positive mode in recent months. However, despite the remarkable improvement in the revenue collection in the first half of the current fiscal, the...
Alleviating rural poverty
The World Development Report, 2003, released recently, denounces poverty and notes that food production increases are slowing. Land is becoming increasingly degraded. Scarcities of land and water are more evident....
Tough task of reducing prices
Prime Minister Mir Zafarullah Jamali continues to promise relief to the common man and to bring down prices of essential goods and rates of the officially administered services....
Viability of trans-Afghan gas pipeline project
With the signing of the memorandum of understanding (MoU) between the governments of Pakistan, Turkmenistan and Afghanistan last month, the long held plan of importing gas from Turkmenistan through Afghanistan has...
2002 ends with all-time high index, volume
Investors resumed the new year’s trading with an expectation to see the index touch 3,000-point level. None among them was inclined to take even a technical breather and tried to build-up...
Diverse environment rules money market
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended December 21, 2002, both notes in circulation and those issued, which had risen in the...
Rupee stays Elevated against greenback
The rupee opened the week on a negative note on December 30, as higher corporate demand for dollar in the inter-bank market pushed it down by 4-paisa over the previous week...
Large carryovers rein in sugar prices
Mixed trend was witnessed on the Karachi wholesale commodity market during last week, as the reports of comfortable supply position on some counters triggered fresh selling....
Strategy for developing beef-farming
Pakistan is one of the proud possessors of best breeds for milk production i.e. Nili Ravi and Kundhi buffaloes, Sahiwal and Red Sindhi cattle and for beef production Tharparkar, Bhagnari Kankrej...
Perennial problems of salinity and water-logging
While agriculture is regarded, for good reason, as the backbone of Pakistan’s economy, the sector has been managed, by and large, in a traditional and unimaginative manner....
The Mangla Dam raising project
Wapda’s National Water Resource and Hydro-power Development Programme: Vision 2025 focuses on replenishing the water storage capacity lost at Tarbela, Mangla and Chashma reservoirs and constructing of new reservoir projects for...
Debt reduction strategy
Has the government’s debt reduction strategy started working to reduce the country’s $36 billion external debt including that of $3 billion which is considered the most expensive one?...
Governing the corporate sector
The objective of corporate governance is to ensure transparency in business transactions and management practices....
World commodity report
Cocoa prices continued to rise for the fifth week in a row, as concerns mounted about stoppages to supplies from Ivory Coast, the world’s leading producer, which is in the midst of a three-month old war. Cocoa production is expected to fall....
FDI inflow in Saarc countries
In an era of globalization and trade liberalization, traditional tools of economic development through tariff protection and incentive-based policies, can no more be implemented....
Are circuit breakers a good idea?
Circuit breakers are a means of controlling excessive price volatility in stock markets. A simple example of a circuit breaker is that if the market moves beyond a certain threshold, then...
Economic empowerment through land reform
After the mandated market-reform-driven economic restructuring and a land reforms proposal that should hopefully not pass into oblivion, there is yet another proposal from the World Bank that merits a closer...