Privatization: feast for vulture capital
In view of the prevailing global investor sentiment, the privatization policy is being reoriented to suit the current situation....
IMF insists on enforcing fiscal discipline
Instead of prescribing to the government of Pakistan a difficult fiscal deficit year after year and seeing that being violated by the excess expenditure of the government, and then relaxing the...
Is there a need for 4th stock exchange?
Depending on how you look at it, the answer has to be ‘yes’ and ‘no’. But the question has been at the heart of controversy since the middle of February,...
Rebound adds Rs18bn to market capitalization
Stocks staged a robust recovery last week as investors led by the financial institutions made active covering purchases at lower levels on mostly blue chips counters aided by some positive developments...
Rupee strengthens against greenback
The currency market witnessed dull activities last week. As clouds of war looms over Iraq, the dollar continued to lose ground versus major currencies in the world....
Notes in circulation, issued portray falling tendency
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended March 1, 2003, both notes in circulation and those issued showed a further decrease in...
Extended holidays eclipse activity on foodgrain market
Trading activity on the Karachi wholesale commodity markets remained relatively slow as the brokerage houses and commercial traders were not inclined to make fresh commitments owing to delivery problems because of...
Immediate solution to water crisis
Pakistan since last five years (1997-2002) is passing through a cycle of draught and with reduced storage capacity of the two reservoirs the water crisis has reached its climax with no...
Balochistan fisheries
Balochistan, occupies over 70 per cent (700 Kms) long coast of Pakistan (1,000 kms). It is very favourably located to command large and varied Marine fisheries resources, specially due to proximity...
How to rejuvenate Wapda
Wapda and its continuing losses depict the disease afflicting the Pakistani public sector as a whole. It is the incompetence of managements....
The commodity report
Cobalt, which is used in battery production and for colourings in paints,
reached its highest level since September 2001. The key cobalt 99.80 per cent
grade was indicated at $8.25 to $8.75 a pound, up $0.50 from a week ago....
Pros and cons of empowered workforce
Businesses now face an increasingly complex and uncertain environment which has generated a demand for the development of more flexible forms of organization, the strengthening of corporate culture and the determination...
Can euro become a global reserve currency?
The introduction of the euro in the form of coins and coloured notes marks the final stage of the three-year launch for the new currency, which could become a rival for...
Un affordable cost of electricity
The cost of electricity in Pakistan has become unbearably high. It is causing great hardship to the citizens, agriculture and industry. One of Prime Minister Jamali’s first acts was to take...
Lost opportunities for the steel sector
It is perhaps our greatest misfortune that profitable steel projects based on local ore were carelessly shelved and then forgotten. Instead, this impoverished country vainly celebrated ownership of a debt-generating steel...
Education ‘exports’ put on WTO agenda
THAT the World Trade Organisation is to hold trade talks on education must be nauseous for the academic community because when one thinks of trade negotiations, it is either bananas or...
Oil price hike: who is gainer and who is loser?
Pakistan is not likely to be affected very much by the threatened oil price hike in the wake of war in the Middle East. We are already getting our oil at...
Iraq war: consequences on Pakistan’s economy
The consequences of war on Iraq are being debated the world over. Pro-war analysts believe that a short battle would remove uncertainty which is holding back the consumer and corporate spending...