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| November 24, 2003 | Monday | Ramazan 28, 1424 |
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Capital market’s largest offering
Small shareholders who may have managed Rs32,000 for 1,000 shares in the Initial Public Offering (IPO) of the Oil and Gas Development Company (OGDC) should have all the reason to be... 
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Fears and doubts about telemetry system
The Rs450 million telemetry system is in doldrums due to its ownership controversy and the non-availability of funds. The system has been installed at 23 important distribution points of our irrigation...
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Pipe dream of poverty alleviation
Poverty alleviation has become a buzzword these days. There is lot of talk on this subject by government officials day in and day out, waxing eloquence on the need for poverty...
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LFO resolution tips send stocks on way to recovery
Positive developments on the LFO issue after President’s optimism of an early resolution, and news from the privatization front reinforced the investor-perception that worst may be over and the market is...
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SBP shots bring liquidity back into the market
The money market is currently facing shortage of liquid cash due to huge withdrawals from the banking system by the depositors since the start of the holy month of Ramazan....
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Rupee Fluctuates in kerb trading
The rupee maintained its strength over the dollar, moving both ways in a narrow band. In the inter-bank market, sufficient dollar supply of dollar amid low demand resisted any major decline...
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Ample supply keeps commodities under tag
Prices of essential commodities on the Karachi wholesale markets were stable during the last week as supply remained fairly comfortable after steady arrivals from the upcountry trading centres....
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Water shortage issue being used as a tool
After a burst of activity, the government’s determination to resolve the issue of water shortage, more precisely to build one or more dams, seems to have wilted; the only reports about...
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Improving cotton marketing system
Cotton, known as the ‘silver fibre’, is Pakistan’s second important crop after wheat in terms of area and value-added earning. Cotton crop is mainly cultivated in southern Punjab and Sindh....
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Enhancing forest cover through agroforestry
According to the newspaper reports (Dawn Nov 1, 2003), the ministry of environment has prepared an incentive package worth Rs1.15 billion to encourage tree plantation by farmers. Under the package, farmers...
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The future of textile exports
After nearly four decades of derogation in GATT and imposition of quotas, unilaterally, bilaterally, multilaterally and voluntarily, the trade in textiles will be integrated into GATT on 1/1/2005, meaning there will...
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World water crisis and Pakistan
From 1997 to 2002 Pakistan faced a severe shortage of water due to a cycle of drought and reduced storage capacity of the two reservoirs. Pakistan is not alone in going...
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Safeguarding minority shareholders’ interests
Corporate aristocracy in Pakistan takes minority shareholders for a free ride more easily than elsewhere. For instance, 28 listed companies have recently petitioned the High Court for their winding up. As...
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Wapda: imperatives for new management
Despite claims to the contrary, the Water and Power Development Authority (Wapda) has sustained huge losses during the last five years.These losses have been due to persistent lack of vision of...
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Lower taxes to promote investment
Far more steps than have been taken by the government, rather gradually, are essential to promote large scale industrial investment so as to reduce the massive unemployment in the country....
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Project financing
Many businesses are on a growth path. They did not have it so good in the past four years of military and quasi-military rule. Money is available cheap and in plenty....
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Sugar millers delay the crushing again
The Pakistan Sugar Mills Association (PSMA) has been agitating for quite some time on the ground that they have a large unsold stock of sugar lying with them and if these...
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The tightening of building control, an illusion
In a high level meeting on 15th November 2003, the Governor of Sindh directed the provincial bureaucracy and city officials to review the setting up of special courts to check building...
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