A big leap forward in corporate profitability
Thanks to lower interest rates, general increase in demand and rupee liquidity in the hands of consumers, overall profitability of the corporate sector has taken a big leap forward....
The lingering NSS scam
During 2002-03, investment in the National Savings Schemes (NSS) rose by a staggering Rs108 billion compared to Rs71 billion in 2001-02. It effectively meant a 52 per cent rise in investment...
Galloping slums to overwhelm cities
If almost a third of the people of the world will live in squalid slums 30 years from now as the latest report of the UN Habitat projects, how many more...
Positive, negative factors turn bourses volatile
Stocks turned into a highly volatile performance last week as both positive and negative news followed in quick succession, not allowing the investors to refix their investment priorities....
Demand, time liabilities up by Rs266,587m in a year
According to the weekly statement of position of scheduled banks for the week ended September 27, 2003, the sum of demand and time liabilities continued to increase in the week under...
Rupee continues dollar battering
Pakistani rupee witnessed an upward rising trend against the dollar in the local currency market this week. As a result of narrowing trade deficit and persistent increase in current account surplus,...
Pressure on ready supplies raises prices of foodgrain
Some essential items showed fresh increase in the Karachi wholesale commodity markets during the last week. This was followed by the reports of pressure on ready supplies due to a considerable...
WTO regime: livestock scenario
The way in which dietary patterns are changing in the world as economic growth and development proceeds is now well-documented....
Forest resources and future prospects
The forest statistics in Pakistan is not encouraging. Out of the total 87.98 million hectare area, only 4.28 million hectare (4.8 per cent) are under forests. In Punjab, the forests crisis...
Prospects of biogas Generation
In recent years, biogas has attracted considerable attention as a promising approach to rural development. Prior to it, developed and developing countries and several international organizations have been showing interest in...
Enhanced wheat price to fulfil govt’s promise
For once, reports from the federal ministry of food, agriculture and livestock (MINFAL) are positive and encouraging. It is said to be in favour of increasing the support price for wheat....
Institutional flaws of the WTO
When the Great Depression of the 1930s worsened severely, countries erected tariff barriers in response to the financial crisis. The painful economic lessons of that era prompted the US and other...
World commodity report
Oil prices have risen in the days following Opec’s output reduction, boosted by talks of further cutbacks by the group and the threat of a strike in Nigeria....
The issue of contingent liabilities revisited
Contingent liabilities were the sacred item three years ago and it is only recently that they have become public when they were published first time in an official document, the Economic...
Woes of the depositors
According to the latest report of the State Bank of Pakistan, the total number of depositors/account holders with scheduled banks was 28.607 million on December 31, 2002 and total amount of...
E-commerce and taxation: Pakistan perspective
The term electronic commerce is not easily defined. However , it is broadly defined as “ the delivery of information ,products, services or payments by telephone , computer or other automated...
Building high dams
River systems anywhere in the world are ‘unitary’, and cannot be divided. They are above geographical, cultural or political boundaries. Unlike the land-mass, a river cannot be divided into a Sudanese...
Low productivity, costlier goods
Pakistan suffers from low productivity growth because of shortage of human skills, a critical factor in present times, needed to manufacture quality goods at competitive prices. One of the many outcomes...
China, a land of business opportunity
When industralists and traders talk of trade, the subject is more often China. But Pakistani industrialists look more glumly at the container loads of goods that are making their way into...
Wapda’s 5-years performance
Whatever Wapda’s management would say or has been saying, the fact of the matter remains that the last five years have been the long hot season of losses to the tune...