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July 7, 2003 Monday Jumadi-ul-Awwal 6,1424 Hassles in US aid When would the five-year, $3 billion US assistance package for Pakistan actually commence? Well, if one went by the elaboration of various aspects of the agreements reached at Camp David on... The GDP growth riddle The GDP growth for FY 03 was projected at 4.5 per cent in last year’s budget speech. There were indications that GDP growth is likely to be higher. It has now... Taking a hard look at corporate social responsibility December 10 was an historic day for the US because that day president Bush inaugurated “Business Strengthening America”, an organization aiming “at encouraging the civic engagement and volunteer service by corporate... Inflation and credibility Inflation is one of the crucial economic variables with far-reaching implications for the performance of an economy and welfare of the common man.... Bulls in command despite negative reports Stocks continued to explore new highs in the preceding week as investors were not inclined to miss the bandwagon in a rising market, and literally forgot that they were playing on... Diverse trends prevail in money market According to the Statement of Affairs of the State Bank of Pakistan, for the week ended June 21, 2003, both notes in circulation and those issued declined in the week under... Rupee comes During the week in review, Pakistani rupee came under slight pressure but managed to limit any major decline in value in relation to dollar.... Supply, demand keep commodities under tag Prices of essential items on the Karachi wholesale commodity markets remained stable during last week, as supplies matched the ready demand without any major uneven movement.... Rainwater harvesting in Cholistan desert In Pakistan, about 51 per cent of land resources are affected by desertification, which can be made productive, if the available water resources are managed properly, both qualitatively and quantitatively.... Fodder crops neglected Pakistan has tremendous livestock wealth comprising about fifty million cattle, buffaloes, sheep and goat. They provide milk and meat to the populace and make a substantial contribution to exports.... Outbreak of crickets in Kachho area A high-level committee in Minfal has been set up which would work in coordination with the provincial agriculture department to find out factors responsible for low productivity and grain weight in... Fallout of inadequate drainage Inadequate drainage system has caused the failure of irrigation projects throughout the world. Deficient planning and improper execution of a project results in substantial monetary loss. It is a fact that... KESC: inefficient and expensive Not a day has passed during the last four years when newspapers have not carried a story of sufferings of Karachi’s citizens at the hands of the KESC management. Power outage,... Thar coal: pitfalls in the offing Pakistan is a unique country with its rulers given to whimsical ways. Right from 1947 onwards some project or the other gets adopted by the highest of the land and it... Pakistan’s development predicament Foreign aid to countries was initiated after the World War II with a twofold objective. It was primarily to reduce poverty and enhance growth and secondarily to further strategic and political... Waiting for telecom investors Are there any takers for Pakistan’s multi-billion dollar telecom business? Things seem to be moving fast towards major decisions.... Dreaming of growth minus agriculture The Federal Budget 2003-04 has totally ignored the agricultural sector and its requirements. It is an irony that the agrarian economy has always been a victim of official neglect. No one... High sales tax stunts GDP growth What the Finance Minister Shaukat Aziz merrily describes as the tax of the future - general sales tax has in fact become the fiscal burden of the people and is standing... Why ‘no’ to the Greater Thal Canal The ongoing dispute about Greater Thal Canal is the culmination of the deep distrust with which Sindh perceives all water-related projects initiated by the Punjab and the federal governments.... IMF supervised fiscal (ir)responsibility Visions are out and roadmaps are in. Visions will soon be replaced with roadmaps, because they have acquired worldwide currency. We have now started demanding from the United States a roadmap...

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