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| October 27, 2003 | Monday | Sha’aban 30, 1424 |
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Poverty is on the rise
Pakistan is trapped in poverty. The trickle-down theory is not working. Human development indicators are falling and poverty is rising.... 
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What new ‘LFS’ says?
The Federal Bureau of Statistics has just released the Labour Force Survey (LFS). This document is important as it announces a statistic most directly relevant to the lives of the ordinary...
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KSE and home remittances
On October 12, 1999, the Karachi Stock Exchange’s share index stood at 1,256.94 points. On September 11, 2001, it was at 1,255.98 points....
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Multiple factors responsible for stocks’ downturn
After remaining highly erratic most of the week, the stocks recovered modestly at the weekend, and raised the hopes that the current downward drift was overdone....
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Stability reigns on rupee
Pakistani rupee showed stable trend versus dollar in the local currency market this week. On the week’s opening day, higher inflows of dollar did not allow the rupee to show any...
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SBP pumps Rs3.5bn into banking system ahead of Ramazan
On October 24, the State Bank of Pakistan pumped Rs3.5 billion into the banking system, to keep banks liquid ahead of Ramazan. The money was injected through one week reverse repo...
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Biofertilizers technology: need of the day
Modern agricultural practices largely rely on high inputs of mineral fertilizers to achieve high yields and involve applications of chemical pesticides to protect crops against pathogens and pests....
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Pesticides shortage: an outcome of policies
Shortage of pesticides has been cited as one of the main factors undermining the present cotton crop that was widely infested by worms of a variety, particularly American and army sundis....
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Sugar-cane growers in spin again
As all-powerful and influential sugar mill owners and an ever-negligent establishment lock their horns with each other once again, the poor sugar-cane growers are emerging as the ultimate sufferers in this...
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Taking advantage of ban on rice export by India
Circumstances have provided Pakistan an opportunity to take advantage of the recent ban on rice export by India. To understand the advantage of this situation, an overview of our rice production...
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Growth of power generation capacity (1983-2003)
Most of the energy consumption in the country, apart from the transport sector, takes the form of electric power. A substantial part of gas and oil are converted into electricity together...
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SECP’s partisan attitude
It is so good to note that the Securities and Exchange Commission of Pakistan (SECP) has started imposing fine on professional auditors for signing off accounts that did not conform to...
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WTO and the dispute settlement mechanism
A central feature of the World Trade Organization (WTO) is its dispute settlement mechanism (DSM). It has had an enormous impact on the world trade system and trade diplomacy....
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Privatization at throw-away prices?
Privatization of major public enterprises is to be revived with full vigour between now and the end of the year, after a rather prolonged suspension. Along with that public complaints are...
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Making Wapda viable
Wapda is nearly always in the lime light when it builds the biggest earth-filled dam on the face of this earth; when it commissions the EHV (500 KV) transmission line— the...
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Office of FTO needs strengthening
The institution of the federal tax ombudsman (FTO), which recently completed its three years’ existence, has proved to be an office effectively checking the excesses and maladministration of tax authorities in...
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It’s not China, it’s consumer greed
Washington’s current campaign that Beijing should float its currency has been orchestrated in a manner that it obscures two hard facts. First, America has dominated manufacturing for years but does...
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Hundi’ not going for good: even Americans know it
‘Hundi’ or ‘Hawala’ that expatriate-trusted mode of remitting money home is not going for good. Even the Americans know it, although they still hope to eradicate it from the face of...
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World commodity report
Commodity prices hit record highs last week as investors seeking to diversify from equities and bonds found appeal in the sector. Commodity prices across-the-board have taken off this year on the...
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Hike in commodities reported at retail level
A sharp increase in sugar prices featured the last week’s trading on Karachi’s wholesale commodity markets, where other essential items showed mixed trend....
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