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September 22, 2003 Monday Rajab 24, 1424 Recovering squandered public funds The issue of the composition of the key Public Accounts Committee (PAC) of the National Assembly, and particularly the appointment of its chairman is to the fore again following the recent... What Cancun can do The sudden collapse of the fifth ministerial meeting of the World Trade Organisation (WTO) in Cancun last week is arguably the worst setback it has received in its less than a... Grave miscalculations Less than a month ago, a press report pointed to a gradual decline in inward foreign remittances — a flow that was earlier cited as the proof of a favourable perception... Will the taming of bulls last long? After receiving massive mid-week battering, stocks showed the signs of recovery from the early lows towards the close of the week. However, the uncertainty over the LFO issue kept the investors... Monitoring checks rupee/dollar parity The rupee/dollar parity was almost stable amid slight fluctuations during the week. In the inter-bank market the week commenced on a weak note as the rupee slipped two paisa versus the... SBP moves to bridle banks’ income from falling On September 17, the cut-off yields on six-month Treasury bills rose to 1.65 per cent from 1.27 per cent to sell Rs14.5 billion worth of the TBs. This seems to signal... Sugar stockists crave for more profit in coming days Sugar on the Karachi wholesale markets remained stable last week with progressively rising arrival and a comfortable ready position.... Watershed conservation management Agriculture is the mainstay of Pakistan’s economy, contributing 24 per cent to its GDP and which in turn is entirely dependent on an irrigation system, comprising a vast net-work of canals... Improving output and exports of horticultural products “Better late than never” has recently been practically demonstrated by the Pakistan Horticultural Development and Export Board by constituting various groups that would manage to promote the cultivation of horticulture... Guar: a precious industrial crop For many a centuries, a vegetable having tremendous industrial potentials has been in cultivation in our part of the world but it is being used mainly as animal fodder.... Cancun collapses as South resists The fifth ministerial session of the World Trade Organization held at Cancun from September 10 to 14 met the Seattle fate on the last day of their crucial talks when... Economic revival of Pakistan Today Pakistan is in grave economic crisis and immediate measures need to be taken in order to avoid a financial debacle the country may face in the near future. These measures... WTO’s impact on textile industry Trade in textiles has been actively managed by the western countries for more than 40 years now.... Wapda as a policy maker? After very conveniently relegating its core responsibility and making the country sustain losses to the tune of hundreds of billions in its power wing operations of the last five years, Wapda’s... Will IMF exit Pakistan? While the Finance Minister, Mr. Shaukat Aziz, has repeatedly stated that Pakistan would seek no further assistance from the IMF after the end of the $1.5 billion Poverty Reduction and Growth... Financial swindlers galore When interests rates are really low and inflation is perceived to be very high, phony finance companies and brokerage firms spring up, making all kinds of offers to the troubled people.... UNDP’s HDI: how realistic it is? Human development is a mechanism for enlarging human choices and this was the objective set by the first human development report published by the UNDP. Measuring the complex human development phenomenon... 9/11: is it the end of US economic supremacy? While the Bush Administration has given a road-map for the solution of Palestinian problem, the 9/11 events appear to have produced an unforeseen road-map for the deterioration of the American economy.... World economic report The world’s sixth-largest economy, grew at 8.2 per cent in the first half of the year even though the severe acute respiratory syndrome (Sars) slowed the activity in second quarter.... Islamic investment funds: where to park? Fifty-seven Muslim countries have billions of investment funds but are unsure where to park them. Many of them are starkly poor, whereas others wonder as to what to do with their...

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