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April 7, 2003 Monday Safar 4, 1424 Threat to dollar the real cause: US attack on Iraq This article by Geoffrey Heard, a Melbourne-based writer on the environment, sustainability and human rights, has been circulated on the web. The writer has permitted Dawn to condense it for publication.... Standoff between Sindh and Punjab: Greater Thal Canal The standoff between Sindh and Punjab has started assuming ominous proportions threatening to get out of hand.The Sindh Assembly recently passed a resolution opposing the on-going construction of the Thal Canal.... Faulty debt management strategy The turnaround in the external sector has created a window of opportunity for policy makers to revamp their debt management strategy. With massive inflow of dollars, the country does not face... Reserve currency: will China be able to provide alternative? The world today lives virtually under the undisputed rule of a market-dominated, ultra-competitive (yet not fairly competitive), globalized atmosphere with its manifold iniquities and legalized violence. Many public and private institutions... Market capitalization crosses Rs600bn mark After moving either-way during the last week, stocks managed to give a relatively improved performance at the weekend session enabling the index to finish with a modest rise as leading bases... Dollar remains under selling pressure Slackness in trading activity at the inter-bank market continued in the wake of rising tension in the Gulf this week, but the rupee managed to hold its firmness over the dollar.... Yield on 6-month TBs falls below crucial mark of 2pc The State Bank of Pakistan conducted the Treasury bill auction on April 2, in which it accepted the offer for 6-month treasury bills with the face value of Rs4.15 billion against... Steady export sales halt sugar price fall The Karachi wholesale commodity markets showed mixed trend during the preceding week as prices of most of the essential items generally fell where changed in the absence of strong demand from... Edible oils: farmers’ interests being ignored There can be only two explanations of the edible oils scenario, worth over $304 million imports in the first seven months of the current year: (a) it represents massive incompetence; (b)... Poverty reduction through price mechanism PAKISTAN’s population, estimated around 150 million, is growing at the rate of 2.1 per cent a year. Of this, about 97 million or 65 per cent resides in rural areas and... Skimming well technology: exploitation of groundwater Groundwater is hidden component of the hydrological cycle. Its occurrence and significance cannot be overlooked in the planning and management of water resources.... Bribery and corruption in global marketplace In Turkey, the apartment buildings that collapsed during earthquakes are known as “bribe buildings.” In Africa, bridges dot the landscape with no roads to connect them.... World economic report The outlook for the Middle East economy remains uncertain after the US-led invasion of Iraq commenced in the early hours of March 20.... SBP report: an appraisal The State Bank of Pakistan (SBP) released its latest report on the state of Pakistan’s economy for the quarter October-December, 2002 on 19-3-03. Evidently, these reports contain the bank’s analysis... Politico-economic impact of Iraq war As the war started on March 20, 2003, stocks rallied worldwide in the hope that the war would be a quick and a short one following which peace would be ushered... A disincentive to savings For a long time, the rationale given by commercial banks in defence of their failure to lower lending rates was the high tax-free returns available on deposits in government National Savings... Privatization: the new realities Mr Abdul Hafeez Shaikh, Advisor to the Prime Minister on Privatization, has reaffirmed the government would go ahead with privatization of major public sector enterprises, as scheduled.... A ministerial chorus for tax cut Strong ministerial voices are rising to add to the clamour for a substantial tax cut to promote corporate investment — the weakest link in the economic revival of Pakistan. They are... Economics of corruption In what seems to be a highly revealing report on corruption in Pakistan, its genesis and the various methods used by any number of players to plunder and loot the country,... Business of roadside nurseries Roadside nurseries on green belt areas are a new phase for Karachites. About two years ago, the city government floated that idea after which the nurseries have started to grow like...

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