SBP report: a dismal message for the poor
After four years of much-lauded economic reforms, steered by a strong economic team, fully backed by a powerful military ruler and supported by foreign donors, the State Bank Annual Report 2002-03...
The massive global job shift
THE next wave of globalization has begun gathering momentum and the predictions are that it may in the long run end up in reshaping the global economy. It is the massive...
Hazards of investing in dollar-based assets
Pakistan is to invest $3.2 billion out of its foreign exchange reserves of $11.5 billion on the advice of international investment experts to profit by the record reserves....
Crumbling market keeps investors, brokers on the pull
Stocks turned into a highly volatile performance during the last week as investors played on both sides of the market under the cross-current of positive and negative background news....
Currencies exhibit steadier traits
Steadier trend persisted in the local currency market, where the rupee/dollar parity moved in narrow range this week. In the inter-bank market, the local currency remained firm versus the dollar in...
Speculative squeeze adds to escalating wheat cost
A sharp increase of Rs110 per bag in wheat price highlighted last week’s trading on the Karachi wholesale commodity markets. Other essential items mostly, fell under the lead of pulses....
WTO regime: marketing issues
The slogan of ‘globalization’ was meant to enhance the overall welfare— both of consumers and producers— in the global market. The World Trade Organization (WTO) was supposed to be an authentic...
Potassium and its role in crop growth
Potassium as an essential element is the backbone to a plant’s life and it plays many vital roles in its nutrition....
Growing canola in rice belt
Pakistan has become self-sufficient in major food commodities like rice, wheat and corn but the acute shortage of edible oil is still a serious problem. Due to rapid population growth, the...
WTO and manufacturing sector of Pakistan
The World Trade Organization is more like a world government to oversee international trade and provide a platform for the settlement of trade-related disputes....
From policies to power generation
The entry of the Independent Power Producers (IPP’s) into our power arena was a major policy jerk, effected through the Energy Policy 1994. The country starving out of significant power drought,...
The reality of cotton crisis
The textile industry is once again facing a severe crisis of price flare-up in raw cotton which has risen by 38 per cent (from Rs2500 to Rs3400 per mound) in six...
Positive developments, negative results
While the State Bank of Pakistan (SBP) Report for the financial year 2003 is generally a mixed bag comprising positive developments in practically all sectors leading to a negative conclusion, it...
Trend of corporate mergers, acquisitions
During the last decade mergers and acquisitions (M&A) have acquired popularity and mostly big corporations are merging. The trend is not restricted to a particular industry and form 1994 to 1999...
Will investment curb poverty?
In recent years growing unemployment and poverty amid decent economic growth rates in Pakistan has had at least one positive outcome....
Mismanagement by bureaucratic ineptitude
The income of companies operating in the fuel and energy sector in Pakistan is invariably guaranteed by the government. Such companies are thus effectively immunized from the vagaries of market forces,...