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| November 3, 2003 | Monday | Ramazan 7, 1424 |
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Stock market runs into deeper recession
Stocks during the previous week ran into deeper recessions as attempted bull rallies throughout the last week failed to get through in the absence of strong follow-up support from the financial... 
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Inter-bank, kerb rupee-$ gap shrinks
Easy dollar supply and less buying interest in the absence of major demand continued to support the rupee against the dollar in the local currency market. The parity in the inter-bank...
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SBP keeps banks liquid ahead of PIB auction
The State Bank of Pakistan is keeping banks liquid ahead of November 4, auction of the long term Pakistan Investment Bonds to block cartel making by some banks to push up...
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Sugar posts sharp rise of Rs50
Prices of some varieties of essential items showed modest decline on the Karachi wholesale markets last week on selling by the commercial houses followed by reports of steady arrivals from the...
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Direct and indirect marketing of fruits, vegetables
There are two ways to sell agricultural produce in the fresh market. One is to sell directly to consumers through roadside stands, farmers’ markets or pick-your-own operations....
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Agriculture credit with promotional approach
From the very beginning of the decade of 1970s all economic policies and development plans have been found duly focussing on the development of the rural economy....
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Convoluted cane and cotton policy
Cotton is grown over three million hectares and production averages between 11 and 12 million bales per annum. Sugar cane is grown over a million hectares of the most fertile land...
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Armyworm and its control strategy
During the current cotton season (2003), heavy and frequent rains have provided favourable climatic conditions to armyworm,a multiphagous insect pest,to multiply and cause heavy damage to the cotton crop. There is...
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Load-shedding to last long
Substantial shortfall in power production against the targets for the Ten-Year Perspective Plan ending 2011 may result in load-shedding on a large scale, although the official say that will be avoided...
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Economic performance of India and Pakistan
Indian economy was characterized as inward-looking,having low growth and higher poverty levels prior to 1991 balance of payment crisis. Real GDP growth averaged around 3.5 per cent per annum during 1951-80....
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World economies report
After a very long time, the IMF seems optimistic about the global economy, which, it sees, will shortly return to normal growth. The Fund noted that immediate geopolitical uncertainties have receded,...
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Textile quota and accountability
The quota regime which is coming to an end next year will leave behind a trail of untold stories of scams running into billions. These relate to distribution, allocation and auction...
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Lyari Expressway after the verdict
The governments conglomerate including the National Highway Authority (NHA), the City District Government of Karachi (CDGK), the government of Sindh and their affiliate contractor parties must have taken a sigh of...
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Making Wapda viable- II
My last article outlined eight areas of Wapda operations, which would need to be tackled by any management worth it’s salt, in case the much criticised utility desires to come out...
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Structural changes in domestic debt
The domestic debt witnessed positive developments during last three years (2000-03), including one-off retirement of market-related treasury bonds (MRTBs) worth Rs193 billion, thereby reducing the stream of future interest payments and...
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Winds of change in the field of accountancy
Following the collapse of WorldCom and Enron—the biggest financial failures in US history—enormous pressure was brought to bear on the accountancy profession....
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