Unmanageable bank liquidity
Until early 2002, banks in Pakistan were finding it difficult to raise fresh resources for keeping pace with the requirements of business and industry. In their drive to mop up public...
Defaults double in 10 years
Ten years after the care-taker government of Moeen Qureshi surprised the nation and shocked the defaulters of bank loans by announcing the names of those with loans above rupees one million...
The economy at take-off stage
IN an article in Dawn entitled, “Are we near take-off stage?”, the writer disputed the claim by President Pervez Musharraf that Pakistan had attained macroeconomic stability and reached the take-off stage....
Accelerating public sector spending
The fears expressed prior to elections that once an elected government was in place it would become well neigh impossible for the new chief executive to own up completely the economic...
Stocks recover amid slow financial support
STOCKS last week recovered from the previous lower levels as leading investors covered positions at the lower levels on selected counters but financial support failed to figure prominently on any of...
Treasury bills yield rises to 1.6pc
THE State Bank of Pakistan sold Rs12.10 billion of six month treasury bills on April 30. Bids received totalled Rs27.47 billion. The average yield on 6-month T-bills had risen to 1.6540...
Rupee gains ground against dollar
THE rupee commenced the week on a firm note, gaining one paisa against the dollar in the inter-bank market for buying and selling at Rs57.73 and Rs57.75 on April 28. The...
Prices of major items remain stable
THE Karachi commodity wholesale markets showed firm trend during the last week as prices of major essential items remained stable amid active trading on some of the counters....
ZT technology working wonders
A revolution seems to be in the making in the agriculture sector, specifically in areas where wheat crop is alternated with rice. This is the fruit of zero tillage technology that...
PAEC’s services in agriculture
The Pakistan Atomic Energy Commission (PAEC) has been committed to peaceful uses of atomic energy since its inception and it has given considerable importance to promotion of the use of nuclear...
How to solve power dilemma
The power generation and transmission activities are almost stagnant for quite some time and there has been lacklustre growth both in power generation and load demand. Great hustle and bustle was...
Margin trading: opportunities and risks
How many times over the past have we heard glowing reports about a new economy—hundreds, maybe, thousands of times, right? With policies changing, political instability intervening and unexpected news booming from...
World economy report
The ex-Communist countries of eastern Europe and the former Soviet Union are weathering the downturn in the global economy and will continue to grow faster than most of the rest of the world....
Credit becomes cheap but are there any takers?
Credit has now become cheap in Pakistan and business is doable. How long will this once-in-a-blue moon phenomenon last? Big question! But, off the cuff guess is that barring any major...
A crisis of confidence?
The European and the US stock markets continue to remain weak. The mid-March euphoria, reflected in the sharp gains in major stock indices in the days leading up to the start...
Market economy and good governance
In recent years, many developed and developing countries have begun to re-evaluate the role of governments and the political-administrative relationship has been re-defined which has given birth to the concept of...
Sharing of river waters
Pakistan has one of the largest irrigation system in the world which thrives on River Indus and its tributaries. To boost agriculture, several training works have been constructed to supply and...
Debt write-off by the United States
Soon after the September 11, 2001 tragedy, Pakistan allied itself with the USA in the latter’s war against terrorism. Nearly all the key nations, Muslim or otherwise, rallied behind the USA....