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| January 27, 2003 | Monday | Ziqa’ad 23,1423 |
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NWFP’s
relief package for the rich |
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Energy pricing policy not transparent
Soaring world oil prices fueled by the fear of a US-led war on Iraq with its widespread ramifications for the economy cannot come at a worse time for Pakistan.... 
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Bears take revenge of their rout by devastating index
STOCKS received a massive battering during last week as bears were in a devastating mood to revenge their total rout during the last couple of weeks and played their cards exceptionally...
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War fears dominate financial market
Dollar staged a slight recovery in the inter-bank market this week amid thin activity. Rise in dollar demand from corporate sector helped the US currency gain some ground versus the rupee...
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Govt borrows Rs28.5bn from banking system
On January 22, the government borrowed Rs28.5 billion from the banking system, as banks have excess liquidity. The State Bank had received bids worth Rs83 billion for three months and one...
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Tight ready position adds fuel to wheat prices
The Karachi wholesale commodity markets showed firm trend during last week as prices of most of the essential items remained stable, partly because of the revival of ready demand and slow...
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Improving kinoo variety for export
 Every year, come October/November and newspapers start carrying stories on kinoo. By following April, the topic disappears to reappear next year....
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Threat to GM crops
Fearing genetic contamination through cross-pollination, farmers in Karnataka (India) during 2001 had torched fields in which the Bt cotton trials were carried out secretly....
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Rural poverty highlighted in MH Centre’s report
annual report of the Mahbub-ul-Haq Human Development Centre has highlighted the issue of agriculture and rural development in South Asia this year. Since the passing away of Dr Haq, the Centre...
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Major economic sectors in Northern Areas
The Northern Areas of Pakistan lie at the extreme north of Pakistan with a population of well over 800,000, living in more than 600 villages scattered over an area of 72,496...
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Why Wapda ignored world’s largest dam site?
Pakistan has the world’s largest reservoir dam site with the storage capacity up to 35maf at Katzarah on the Indus about 18km downstream of Skardu, but Wapda seems to be unaware...
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How US manages unlimited deficits
 Prime Minister of Malaysia Mohammad Mahathir, during his recent visit to Japan sometime back, called for introduction of international currency (IC) implying replacement of the omnipotent US dollar, as the world...
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E.Asia’s economic growth comes with innovation
East Asia’s future as one of the world’s most dynamic, resilient and interdependent economic region could be realized, if it follows through on an institutional reform agenda and embraces technology and...
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World economies
Latin America is glad to have turned the page on its economic performance in 2002. Its fortunes this year may prove only marginally less volatile. A weak US economy, on which much of the region, especially Mexico depends, also weighed on the Latin American output....
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Cash management in the government
Shaukat Aziz, in a recent meeting of the Financial Market Association of Pakistan, announced that restrictions of placing the government money in the government banks only has been removed and now...
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New power policy: a comparative study
 The main objectives of the power policy announced in October last include, providing sufficient capacity for power generation at least cost; exploitation of indigenous resources including local manufacturing capabilities; and safeguarding...
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Instances showing lack of good governance
 According to a news report appearing in the national press on January 6, the Asian Development Bank (ADB) had warned our economic managers to refrain from issuing financial and sovereign guarantees...
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Implications of INS-driven reverse exodus
About 50,000 Pakistanis are estimated to be affected adversely as a consequence of the registration drive launched by the US immigration authorities. Most of these would-be-victims are reported to be staying...
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Pakistan Steel to use indigenous iron ore
 Pakistan Steel, one of the country’s mega public sector projects, has at last chosen, though on a modest scale, to use the indigenous iron ore for a variety of products for...
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NWFP’s relief package for the rich
The NWFP assembly, which unanimously adopted a resolution seeking the abolition of some of the important provincial taxes, is likely to cause an annual loss of Rs400 million to the provincial...
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