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| March 31, 2003 | Monday | Muharram 27, 1424 |
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Scramble for spoils of war in Iraq
If the events of the first week of the war against Iraq are any guide to the future course of this unconscionable war, even those who warned against its disastrous effects,... 
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Actual increase in electricity tariff
No one can deny the fact that the present back-breaking electricity tariff has played havoc with all sectors in Pakistan— be it industry, agriculture, commerce or even the social sector. Not...
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Corporate military makes a killing on Iraq war
 AS American invasion of Iraq surges ahead, it is not the professional soldiers alone who are playing a decisive role. Equally vital is the contribution of thousands of corporate soldiers and...
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Stocks remain in upbeat mood as bulls ignore war
Stocks remained in an upbeat mood during the last week as bulls, led by leading financial institutions, continued to build-up long positions on selected counters aided by some positive local fundamentals,...
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SBP sucks in Rs3.2 billion through PIBs auction
On March 25, the State Bank of Pakistan sold Rs3.2 billion worth of 3-, 5- and 10-year bonds, slightly above the pre-auction target of Rs3 billion. Yields fell sharply, as banks...
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Euro remains preferred currency
The rupee remained firm in the inter-bank market this week. Continued inflows of remittances and increased dollar selling by exporters, amid low dollar demand, helped the rupee to recover 3 paisa...
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Prices of essential items on the rise
Prices of essential items on the Karachi wholesale markets showed increase during the last week as leading brokerage houses covered positions fearing pressure on supplies owing to on-going Iraq war and...
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It is time for looking at farmers’ needs
 While the federal government has come up with an approximate size of output for the current wheat crop, much of it still in the fields, it is time for the authorities...
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Sugar conundrum
Sugar industry, including growers of sugar-cane, is in a spin. Palliatives given the respectable name of government policy thrown in here and there in response to some pressure and to mollify...
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Misuse of sugar-cane cess fund
A hope had arisen after the establishment of district governments that the question of spending of local revenues in the concerned localities, and in a fair way, will now be addressed....
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De-salinated water at what cost?
 In a ceremony at the Karachi Port Trust headquarters on January 23, 2003, the US Ambassador to Pakistan signed a $0.287 million grant agreement on behalf of the US Trade Development...
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Is tax collection review a mere window-dressing?
The government has recently issued a review covering the economic developments in the country during the first seven months of the fiscal year 2002-03....
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World commodity report
Oil prices rose on March 24, after news of some setbacks to the US and British forces fighting in Iraq....
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Inter-corporate investment and disclosure
A company may invest in another company for many reasons, to make a strategic partnership with a customer or supplier, to pave the grounds for a merger or acquisition, to make...
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Revitalizating process of industrialization
 THE Punjab government wants to encourage industry to minimize unemployment and boost growth. However, the task is hobbled by the high cost of energy and investment capital. The operational costs in...
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Labour Policy 2002: evolution and vision
A labour policy defines the fundamental approach of the government towards industrial relations in the country and provides guidance to the administrative, legislative and judicial actions of the government. Since independence,...
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Economy provides no relief to people
 While the central bank forecasts the business to remain good in the foreseeable future, it advises caution against the fragility of the economy, even before the likely impact of the US...
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Derivatives: an essential instrument of finance
The immense development of the financial derivatives market and reports of major losses associated with derivative products have resulted in a great deal of confusion about these complex instruments. Are derivatives...
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