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| May 26, 2003 | Monday | Rabi-ul-Awwal 23,1424 |
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Bulls eying 3100 before taking a breather
SHARES maintained their upward drive for the third week in a row as investors were not inclined to take even a technical breather despite political polarization over the LFO and implications... 
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Govt borrowing through TBs shoots up to 23pc
THE stock of government debt raised through treasury bills has risen to Rs403 billion by March 2003 from Rs208 billion at end March 2002. The government borrowed more, through treasury bills,...
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Essentials’ prices stay unchanged
THE Karachi wholesale commodity markets passed through another relatively quieter week as reports of comfortable ready position did not allow any major change in prices of essential items....
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High inflow, low demand makes dollar weaker
THE rupee on May 19, maintained its firmness in the inter bank market, showing no change in weekend levels of Rs57.78 and Rs57.79 versus the dollar. In the absence of any...
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Confused priorities on agriculture
The present government,like many of its predecessors, looks to be lacking a clear vision as far as the policies regarding agriculture sector are concerned. On the one hand it is trying...
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Increasing farm yield
 Low per acre yield has increased the cost of production in spite of incentives made available to growers in the past. The cost of production is even higher than that in...
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Different perspectives
 Dawn interviewed four political leaders of the mainstream political parties,three of whom, Mr Sartaj Aziz, Shah Mahmood Qureshi and Mr Ahson Iqbal, have been members of teams of economic management in...
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Abandoned projects in Sindh
Can anyone believe that development schemes involving about Rs147 million in the current fiscal year have been abandoned halfway in Sindh because of one or the other reason? Dr Hafiz Sheikh,...
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Balochistan groaning under severe financial strain
Devolution is bringing no cheers for 6.5 million impoverished people of Balochistan. While the nazims of 26 district governments trade charges and counter charges with MMA-dominated government in Quetta, this largest...
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Challenges facing the industrial sector
 The 2003-04 Budget will be a determining factor for the Pakistan economy, which is presently confronted with the demands of globalization on the one hand, and local priorities and aspirations on...
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Budgetary promises and performance
Like the five-year plans earlier, the significance of the national budget in recent years has somewhat diminished in public perception as the penultimate statement of economic policy. The umpteen number of...
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Deficit control and investment stagnation
“Defence is of much more importance than opulence;” thus wrote Adam Smith, the author of Wealth of Nations. Today defence requires not only a strong standing army but also a modern...
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Claims of achievements in social sectors need checking
Pakistan’s economy has always remained hostage to the country’s security concerns. As a result while every five-year plan since Pakistan’s inception and every budget had made ambitious resolutions with regard to...
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KSE finds perfect moment to present budget proposals
 The audience burst out laughing, when in response to the proposals for the forthcoming budget presented by chairman Karachi Stock Exchange, the Finance Minister Shaukat Aziz who rose to speak latter,...
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Karachi: development priorities
 The next few weeks will be eventful for various tiers of government. Budget estimates shall be finalized and presented to the respective fora. While preparation of budget and its presentation to...
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Tax break to meet WTO challenges
 The country’s top foreign exchange earner, the textile industry, would be put to a critical test when the quota curbs will be withdrawn by Europe and the United States from January...
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