An ‘Argentinean budget’
Remember Domingo Cavallo? He was Argentina’s finance minister during most of the l990s. He crafted that country’s fiscal strategy in the wake of the IMF’s restructuring of Argentinean debt in 1992....
Budget: a response to critiques
Various articles have appeared in leading English dailies, criticizing different aspects of the Budget 2003-04, including statistics pertaining to growth, per capita income, exports, industrial growth, employment, etc....
Investors warned to be a bit cautious
The KSE 100-share index and the market capitalization both finished at their all-time-career-best level last week, but analysts predict the best is yet to come as bulls are not inclined to...
Rupee maintains previous level
Rupee maintained its almost weekend levels versus dollar for buying and selling at Rs57.72 and Rs57.74 on the opening day of the week in inter-bank market. On June 17, the rupee/dollar...
Liquidity prevalent in money market
One June 17, the State Bank of Pakistan conducted an open market operation and siphoned off Rs10 billion through one week repo of Treasury bills at 1.1 per cent. The OMO...
Production glut brings sugar into export net
Active trading was witnessed on Karachi wholesale commodity markets during previous week as both the brokerage and commercial houses covered their positions at falling prices in some of the essential items,...
An alternative poverty reduction strategy
Eradicating poverty in Pakistan can be achieved, but only through a radical restructuring of the government machinery — a radical change in the mindset of policymakers— and a radical reallocation of...
Concerning survival of mango industry
Bringing any improvement in mango orchards suffering from leafless wood at the top of trees, low yields deteriorated quality of fruit, unhealthy look of fruit, black and brown patches on the...
Imposing a flat rate on ‘abiana’
The government of Punjab has taken some significant decisions for the growth of agriculture in the province and imposing a flat rate of ‘abiana’ is the latest as also the most...
Controversy over Kacchi Canal route
A controversy over the Kacchi Canal route has cropped up at the cost of construction and its maintenance. Of the five alternatives the first one has been selected for implementation....
Special focus on Gwadar
The development of Gwadar as mother port is the special focus of the budget 2003-04 and the government has declared it as a special economic zone (SEZ). All imports coming through...
Dilemma for IT
In the last 10 years, Information Technology (IT) made a big boom in the Pakistan’s software industry....
World commodity report
At a recent meeting of the Organization of Petroleum Exporting Countries (Opec),
the 11-member cartel decided to keep their output quota unchanged at current
levels.....
World energy outlook
This article is an attempt to look into the future of the world energy outlook over the next 30 years which depicts a picture in which the use of energy would...
Commercial banks’ role
One of the impacts of the commercial banks reducing their lending rates (5-5.5 per cent per annum for good customers) owing to heavy liquidity and treasury bills rate reaching historically unprecedented...
Is sales tax regressive?
I have read with interest an article written by Mr. Shamim Ahmad in EBR (2-8 June) entitiled Ingenuity behind rising ST collection....
Bourses await further cut in NSS rates
The recent market-based moves made by the government and the State Bank to contain an inevitable fall in the rates of return on national saving schemes may adversely impact on the...
Burying the corporate dead
In a country in which the dead are buried quickly ritually, the long dead corporate entities are allowed to lie around and fester for years and even decades. And nobody, except...