Benefits of bridging the great divide
We have long thought that any kind of dissension between any number of nations has more to do with the personal relations of the spokespersons and leadership of those countries than...
Peace initiatives with India prop bourses up
Stocks remained in a terribly bullish mood during the last week, sans higher badla rates amid fears that their negative fall-out could halt the current flare-up triggered by Pakistan’s peace initiatives....
SBP keeps market liquid by frequent pumpings
On December 4, the State Bank of Pakistan at an open market operation, pumped Rs16.45 billion into the banking system — Rs5 billion for one week and Rs11.45 billion for two...
Rupee/dollar parity puts on downtrend
The rupee/dollar parity came under slight pressure and assumed downtrend in the inter-bank market this week. The demand for dollar increased on account of heavy payment requirements after trading resumed following...
Fresh supplies come under the garb of extended Eid holidays
Prices of essential items rose on the Karachi wholesale commodity markets last week, as the pent up demand on account of extended-Eid holidays figured prominently. This caused a price flare-up on...
Fresh supplies come under the garb of extended Eid holidays
The governments, both federal and provincial, seem concerned about herbicide needs of the wheat crop and have at least gone through motions for their proper availability to farmers. This is a...
Cotton catastrophe: could it be avoided?
Pakistan, the world’s fourth largest cotton producer, ranks first in export of cotton and cotton-based products by fetching over 60 per cent foreign exchange....
WTO ruling on GSP: bad news for Pakistan?
The WTO’s panel report has found the EU’s special tariff preferences for 12 developing countries under its “Drug Arrangements” — as prescribed in the EU’s GSP regulation — to be in...
Living under camouflages
When one looks towards the stands taken by different governments viz-a-viz the health of the country’s economy during last many years, he finds that the public has been kept to live...
Impact of change in Pakistan’s sovereign rating
On December 2, 2003, citing economic stability, Standard & Poor’s (S&P) revised its outlook on Pakistan to positive and indicated that the country’s rating may be raised. Pakistan’s current S&P rating...
War greases the wheels of US economy
The Second World War was global in scope and total in nature. It helped bring about fundamental changes in world politics after 1945.Before 1939 Europe had been the arbiter of world...
Derivatives: challenges and opportunities
One of the most dramatic changes in the world of finance during the past 15 years has been the extraordinary development of the markets for derivatives. Derivatives have transformed the world...
Bumpy ride of KSE-100: a worrying phenomenon
After dipping by almost 900 points in a matter of 40 days from its peak on September 12, KSE-100 index once again seems poised to shoot through the roof. The irony...
Higher FDI expected despite current low flows
Numerous new foreign investors, ranging from Saudi Arabian to Chinese, and Pakistani expatriates in the United States, are coming into Pakistan in fiscal 2004, raising the projections of higher, new foreign...