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| April 21, 2003 | Monday | Safar 18, 1424 |
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Consumer banking inflates luxuries
A major development in Pakistan’s largely conservative banking sector has been consumer banking which is making rapid headway. Initiated by major foreign banks like the Citibank and the Standard Chartered Grindlays... 
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Attracting investment from Muslim states
Saudi Arabia is perhaps one country in the whole world which has been coming to Pakistan’s economic aid every time this country was in a dire need of such help. Even...
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Stocks post fresh widespread gains
Stocks last week showed fresh widespread gains as reports of higher corporate earnings continued to inspire fresh speculative buying both by bargain-hunters and speculative traders, although mid-week profit-selling did limit the...
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Euro remains preferred currency
In the inter-bank market the rupee/dollar parity moved both ways in a narrow range this week....
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SBP sells Rs24.4bn treasury bills at auction
Treasury bill yields have fallen in recent times because of excess liquidity in the market. At the start of this fiscal year, the weighted average yield on one year bills stood...
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Sugar prices up despite higher production
Despite higher production figure fresh increase in sugar prices featured the trading on the Karachi wholesale commodity markets during the last week where activity in most of the essential items remained...
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Discord over sharing of water shortages
Amid the continuing tussle between Sindh and Punjab over the sharing of water shortages the Indus River System Authority (Irsa) has decided once again to distribute irrigation water to the provinces...
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Problems of high yield of cotton crop
 One cotton crop has been harvested and disposed of. Another has been partly sown in lower Sindh while it is to be cultivated in the rest of that region. Its sowing...
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Wheat stocks a threat to new crop
 Having been convinced of Pakistan’s chronic dependence on the imported wheat, the Washington-based International Food Policy Research Institute (IFPRI) in its annual report during 1998 had projected that “Pakistan’s dependence on...
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Improving sugar economy
April is around and managers of the economy are busy in giving final shape to budget estimates for the fiscal year 2003-04. All sorts of proposals are being put forward from...
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Foreign trade moving apace
 Pakistan’s foreign trade is growing, barring minor, Iraq-related hiccups. However, there still are looming fears of the fall-out of the Iraq war that may impact the economy over the next few...
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World economic report
The global economic recovery will remain slow and uncertain even after the war with Iraq. In its twice-yearly world economic outlook, the IMF cut its global growth...
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Commerce and industries ministries to merge
An earnest official move is afoot to merge the federal ministries of commerce and industry into a single multi-purpose ministry....
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E-commerce and its future in Pakistan
 E-commerce is a very hot issue these days. After the revolution of Internet, more and more countries are getting involved in it. However, in general, if we use any type of...
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ADB throws its weight behind fourth exchange
In the currently raging controversy over the grant of license by the ex-chairman of the Securities and Exchange Commission of Pakistan (SECP) to PEX Limited for setting up fourth stock exchange,...
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Building post-war Iraq
 In olden days, it would be the invading army that would loot and plunder the invaded. In the case of Iraq, it was the Iraqis themselves who indulged....
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