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August 25, 2003 Monday Jumadi-us-Sani 26 Prospects of US economic recovery The US economy is perilously perched on the Harrodian razor’s edge, caught between the Scylla of impending deflation and stagnation on the one hand, and the Charybdis of explosive growth and... Corporate social responsibility: a concept lost in money-making Revelations about corruption in the corporate sector brought into sharp focus everywhere the flawed relationship between the corporations and the communities, they operate in.... Comparative productivity: Singapore vs Pakistan The economic performance of the two Asiatic countries in the second half of the 20th century makes a glaring contrast. The two countries are, Singapore and Pakistan. Singapore is a small... Consumer focused growth: ‘frozen mind-sets’ Pakistan is redesigning its strategy for economic growth with focus on private consumption that currently accounts for 80 per cent of the Gross Domestic Product (GDP).... Bourses generate many overnight millionaires The KSE 100-share index broke through three barriers during the last week and settled firmly well above the third at 4,418 points — up by 10 per cent or 276 points... Robust rupee tells of SBP support Continued large inflows of remittances from abroad and a favourable balance of payments position besides other positive factors this year have significantly improved dollar supply position and strengthen the local currency.... Average yield on Treasury bills wanes by 4.63pc in a year On August 20, the State Bank of Pakistan auctioned Rs36.7 billion worth of six-month Treasury bills, at a weighted average yield of 1.21 per cent. The auction generated bids worth Rs56.3... Wheat export prospects bleak due to short crop The Karachi wholesale commodity markets last week showed firm trend as the prices of most of the essential items rose modestly on reports of fall in arrivals from the upcountry trading... Developing coastal belt in Sindh Sindh is blessed with a potentially rich coastal belt situated in the south-western part of the country. Its seaward coast line is spread over an area of 338 kms comprising the... Speedy mechanization of agriculture One of the major hurdles in the way of higher productivity of the farming sector has been the high cost of modern implements.... Meeting farmers’ demands By Abdul Khaliq Chaudhry Forest resources in Pakistan are very limited. Out of the total 87.98 million hectare land-mass, only 4.28 million (4.8 per cent) are under forests, while out of 20.53 million hectare area... NGOs: credit to women entrepreneurs Until recently, women were considered the most disadvantaged segment of the society, specially in the context of economic process. The majority lacked assets and were thus deprived access to institutional credit.... Population explosion and aftermath Some 2,000 years ago, the human population was 250 million. It rose to 500 million in 1650. In 1820, it doubled to 1 billion within 170 years. In the next 110... Delay in finalizing PRSP The ministry of finance’s progress report for the third quarter poverty-related expenditures for the fiscal year 2002-03 includes mention that the full Poverty Reduction Strategy Paper (PRSP) will be ready by... KCR: an ‘unwanted baby’? According to a press report, a high-level meeting at Karachi on 23 July, 2003, decided in principle to revive the operations of the Karachi Circular Railway (KCR).... Wapda’s management: participatory or exclusionary? Chairman Wapda’s (and the KESC’s) recent assertions in a talk show on one of the TV channels, while answering accusation that his management was not participatory in nature, to the effect... Simplistic solutions to economic development! Economic development of the country remains a major challenge. For, economic development is not achieved unless respectable GDP growth rates are achieved coupled with the reduction in poverty, inequalities, and the... WTO: challenges and Pakistan’s structural sufficiency The establishment of the World Trade Organization (WTO) truly marks the new era of strengthened institutional mechanism in international trade and economic relations.... World economies report A rebound in the US after the Iraq war now appears to have vindicated the optimists. The US recovery could gather pace over coming months as the companies that cut stocks to the bone in the uncertain period around the war.... Mountain of bad debt refuses to come down Non-performing loans in Pakistan still remain almost at an all-time high despite the best efforts of all-concerned except many defaulting borrowers and because of the domestic economic climate....

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