Land reforms have come to a grinding halt
The Prime Minister has come under unnecessary criticism for having stated the obvious, that there will be no land reforms. Very few people realize that land reforms came to a grinding...
Wrong day for budget presentation
Presenting the annual budget in the National Assembly at around 5PM on a Saturday does not make any economic sense. The argument that the timing of making the budgetary proposals public...
Incentives for housing investment
The country’s economic managers are mulling over a policy package that includes tax relief and mortgage financing by commercial banks, to kick-start investment for housing development....
Investors taking to new financing modes
Are investors and borrowers taking to new financing modes? The answer, analysis of the financial sector and the capital market confirms, is “yes.” Noticeably its coming about at a time when...
Stocks undisturbed by Iraq war
Despite mid-week tactical interruption, stocks maintained an uppish leaning during the preceding week as investors were not inclined to miss the rising market not literally deterred by conflicting reports from the...
Falling TB rates enable govt to retire SBP debts
Due to excess liquidity in the banking system, the yield on the government treasury bills has fallen to a historic low of 2 per cent in the first week of March....
Rupee stable against greenback
The rupee continued to display strength over the US dollar in the local currency market during the week under review....
Fall-and-rise persists on foodgrain market
The Karachi wholesale commodity markets again showed mixed trend during the last week as prices of major essential items fell and rose, depending on ready demand and reports of oversupply on...
Ground water irrigation development
Irrigation plays a key role in Pakistan’s strategy for increasing agricultural productivity. No doubt that surface irrigation has allowed the extension of cultivation into areas and seasons that lack sufficient rainfall...
Mirani Dam project
The Mirani Dam, a resource project to manage sustained supply of water for development of agriculture and for daily use of the population in the Makran Division of Balochistan, is being...
Managing the livestock
Livestock generally gets treated as a low priority area by the government, possibly because it is a non-glamorous sector. But its importance cannot be over-emphasized in the overall national economy as...
Transforming economy with hydroelectric development
Pakistan is blessed, and this needs to be more widely known, with about 50,000 megawatts of unutilized hydroelectric potential (two and a half times present installed power capacity), and huge water...
World commodity report
Oil prices fell in the week ended April 5-6, as coalition forces moved closer towards Baghdad. They were also pulled lower by the resumption of oil production in Nigeria. Ethnic unrest had halted 40........
Surviving in economic upheavals
In Pakistan, owners or board of directors of business companies, big or small, particularly local set-ups, cannot liberate themselves from socio-cultural compulsions to look for their ‘Princes of Wales’ to fill...
Should there be a boycott of US goods?
Since the war started in Iraq there has been a growing demand from various quarters for the boycott of American products. The general public is being urged into this action at...
Clearing house, default risk and protection fund
When brokers trade stocks on a stock exchange, they don’t trade with each other but with only one counter party, the clearing-house. It is the clearing-house that becomes a buyer to...
Capital market reforms: an analysis
The capital market reforms were launched in May 1997, but did not take off immediately. For their effective implementation, an agreement was signed by Pakistan with the Asian Development Bank (ADB)...
Marketing a new image for Pakistan
People buy brands, not products. That is the age-old, established fact supported by extensive research that every marketer worth his or her salt would always stand by. Interestingly, over the years,...
Investment and savings crisis
While the urgency for stepping up investment and increasing the domestic savings to feed that has been underscored in the recent years of low economic growth, the country is now likely...
SBP’s advice on NSS: an appraisal
In the previous article published in EBR dated 7-13 April, 03, it was shown that the management of the State Bank of Pakistan (SBP) did not present a clear perception of...