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| March 3, 2003 | Monday | Zul Hijjah 29, 1423 |
The future of globalization
 The outlook for globalization is turning grimmer with a fragile or uncertain global economic recovery.Recession has tended to strengthen protectionism....
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Index recovers after breaching two barriers
Despite a strong weekend rebound aided by higher corporate yields, the stocks remained under pressure during the preceding week. Slack demand from the financial institutions and selling by the retailers were...
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Mixed sentiments govern financial market
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended February 15, 2003, both notes in circulation and those issued continued to show an increase...
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Sweet smells the commodity markets
The Karachi wholesale commodity markets showed firm trend during last week as the supply position remained under pressure because of a considerable decline in arrivals from the upcountry trading centres....
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Investors drawn to euro’s charm
Slow activity persisted in the currency market amid uncertainty over the US military action in Iraq. In the early week there was a slight increase in the dollar demand in inter-bank...
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Growing onion in Balochistan
 Onion is grown on 104,000 hectares with 138,000 tonnes of production in Pakistan. The share of Balochistan in cropped area was 19.78 per cent and in production 27.46 per cent during...
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Sugar-cane crisis: a case of bad planning
This year again, there seems to be a crisis-like situation in the sugar-cane growing areas of Sindh and Punjab despite the fact that the crop size is estimated to be all-time...
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Saindak project in ‘concentration’ stage
Hardly a week before Eidul Azha with a series of mine explosions of ‘south ore body’ in district Chaghi, the Saindak copper and gold project entered a ‘concentration’ stage of copper...
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Managing high foreign exchange reserves
The foreign exchange reserves of the country have already crossed the mark of $9.5 billion and may exceed the $10 billion mark most probably before the end of the current fiscal...
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World commodity report
In the New York market oil prices rose to nearly $40 a barrel on February 27, for the first time since the 1990-91 Gulf War as war clouds loomed over Baghdad. A war in Iraq could be just around the comer, threatening disruption to Middle East supplies, while the US oil stocks are close to 27 year low. ...
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Prospects of solar energy in Pakistan
The need of electrification of entire Pakistan has become essential for our economic revival. Pakistan still accounts for only 0.5 per cent of the world’s total energy consumption although energy consumption...
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Is Islamic banking ready to take off?
The State Bank has allowed commercial banks to set up Islamic banking subsidiaries or provide full Islamic banking facilities through dedicated branches....
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Factors behind rise in revenue income
 In the first seven months of the current financial year revenue collection has gone up by a hefty 15 per cent compared to what was earned in the same period last...
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Housing for rural women
 In order to bring about a positive change in socio - economic status of rural women who comprise almost 70 per cent of the total female population of Pakistan, a multi-pronged...
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SECP annual report: 2002
The Securities and Exchange Commission of Pakistan (SECP), recently released its third annual report, covering the year July 1, 2001 to June 30, 2002. With Khalid Mirza, resigning on March 29,...
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Euro-dollar diplomacy and Pakistan
 Now that we have a reasonably sized foreign exchange reserves, we can use these to our diplomatic advantage. The European Union is upset with us for having placed a large order...
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