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February 3, 2003 Monday Zilhaj 1,1423 Unreliable indicators hinder economic growth The need for accurate statistics is universally recognized and has become more important in transfer of economic activity from the public to private sector. In public sector, the managers have no... Status of consumer rights in Pakistan Consumer is the King. A statement which becomes a mockery in an underdeveloped country like Pakistan where the consumer is at the mercy of ruthless commercial enterprises, and indifferent and corrupt... The real motive behind Iraq war Most people are aware that oil will play a role in the Bush administration’s possible invasion of Iraq, but many do not quite understand how. The common assumption is that the... External factors dominate trading on stock market Negative external factors, notably the Iraq situation and the regional tensions dominated the trading on the stock market during the last week as investors were not inclined to take long positions,... Rupee loses month-long stable trend THE rupee lost its month-long stable trend this week in the inter-bank market as the dollar regained strength towards the close of the week. However, it broke Rs58 barrier in the... Notes in circulation, issued continue downward tendency According to the Statement of Affairs of the State Bank of Pakistan, for the week ended January 25, 2003, both notes in circulation and those issued continued the downward trend in... Commodities: conflicting reports pour in The prices of essential items on the Karachi wholesale commodity markets again showed divergent trend last week as conflicting reports about the supply position worked on both sides of the underlying... Who will buy the short cotton crop idea? Whether the current crop is short, or the mill demand has risen manifold, is a question being debated in cotton circles for the last couple of weeks, sans consensus as opinions... Boosting rice exports in a different way Pakistan will play host to the Cricket World Cup participants, though not in literal sense, as this right goes to the host country. But, it will play a role of hospitality,... Alleviation of poverty through agricultural development More than 50 per cent of the people of Pakistan live in rural areas and more than 90 per cent of them are involved in agriculture directly or indirectly by providing... Political will to change the water scarcity Pakistan’s water resources have been rapidly shrinking due to various reasons. They are getting insufficient to meet the needs of an exploding population, and to sustain the agriculture. Drought has compounded... Echoes of war cries at Davos No one was expecting wonders to emerge from the meeting of the World Economic Forum. But the way it reinforced the perception of gloom over the prospects of world economy was... Conserving reforms or following dictates? Few steps have been taken recently by the newly-elected government apparently aimed at benefiting the masses. The Prime Minister announced a reduction in power tariff. Similarly, the Punjab government decided to... World commodity report Gold prices rose over $360 an ounce for the first time in almost six years as mounting war fears dragged the US dollar lower and increased the gold’s price. The metal reached $360.25 in London, its highest since March 1997. Banana marketing Bananas, being popular and cheap, are cultivated throughout the year. The fruit is economical and hygienic, as the thick covering provides protection against bacteria and contamination.... Marketing of non-farm products in rural areas Before describing the marketing mechanism of non-farm products in rural areas, it is necessary first to name and identify these. In the context of rural development, we have to decide which... Exports target for fiscal 2002-03 achievable Both exports and imports improve, brightening prospects of meeting the target for the fiscal 2002-03, which if it does happen will mean that Pakistan is not a lagger in foreign trade.... CBR’s unfair treatment of withholding agents “Collection of tax where it is not due is as detestable as its non-payment when it is due,” Nasim Sikander, J.... The loss-making public sector: drag and reasons Of late, Pakistan’s public sector has attained propounders proportions specially when it seems to be responsible for nearly all the ills of the country. On the other hand, the military-led government... Let us call India’s bluff on MFN status Why has India not complained so far to the relevant quarters at the WTO against Pakistan’s continuous refusal to reciprocate New Delhi’s gesture of according this country the status of Most...

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