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| December 15, 2003 | Monday | Shawwal 20, 1424 |
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Poverty alleviation: not by task force alone
Matters of secondary importance are usually relegated to committees. Matters of extreme urgency may also be relegated to committees if organizational structures degenerate into ineffective bureaucracies like the General Motors’ (GM)... 
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Economy: perception and official claim
There is a great paradox in the current economic situation in the country. Taking cognizance of this, the State Bank Annual Report for 2002-03 (FY03) observes:...
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Is the US recovery only statistical?
According to The Economist (November 29th - December 5th, 2003), there has been a surge in American growth in the 3rd quarter up from an annual rate of 7.2 percent to...
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OGDC set to join trendsetters’ club
Stocks maintained an optimistic outlook during the last week as despite a mid-week snap reaction, the KSE 100-share index managed to stay above the crucial level of 4,300 points....
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Rupee falls against dollar
The rupee/dollar parity remained under pressure in the interbank market for the second consecutive week. The year-end payment requirements by banks have boosted dollar demand, as a result, dollar supply remained...
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Cut-off yield of T-bills unchanged at 1.65pc
On December 10, the State Bank of Pakistan sold Rs300 million worth of six month T-bills against the target of Rs3 billion and managed to keep the cut off yield unchanged...
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Sugar leads decline on commodity market
Sugar prices on the Karachi wholesale commodity markets fell to a record low during the previous week, following the active selling by both the commercial houses and the millers....
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Impact of legislation on farm marketing efficiency
 The present agricultural marketing system in Pakistan has developed over last several decades from a primitive and traditional way of marketing produce to that characterized with a certain degree of scientific...
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The paradox of development
At present, the size of income produced by the global economy is $22 trillion, showing an enormous increase in the volume. It is accompanied by unprecedented accumulation of wealth....
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Threat to wheat crop in cotton fields
 During the Kharif 2003 cotton crop which is the backbone of Pakistan’s economy was invaded by insect pests, especially the armyworm, both in Sindh and southern Punjab. Farmers fought the pests...
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Investment of forex reserves: missed opportunities
The government has announced the placing of idle reserves of the country to earn some profits/ dividend in the global financial market. The current foreign reserves stand at $11.75 billion out...
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Remittances start declining
Pakistan’s earning, through its expatriate workers’ remittances, has started to decline after reaching an all-time-high of $4.2 billion in the last fiscal year (July/June 2002/03)....
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World commodity report
On December 1, in the London market, gold prices rose to a seven and half year high above $400 an ounce in Europe as fund buyers took advantage of a strong euro/dollar rate, dragging silver with it to a near four-year high above $5.50 an ounce. The euro...
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Balochistan’s case for NFC award
 The National Finance Award is a periodic exercise, wherein the National Finance Commission recommends distribution of revenues out of the Divisible Pool between Islamabad, Lahore, Karachi, Peshawar and Quetta....
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Absenteeism in companies
The chronic problem of employees’ absenteeism from work confronts the industrial and commercial organizations not only in Pakistan, but also in advanced countries. Of all the expenses related to absence, unscheduled...
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On road to indigenization
People have long criticized the auto industry. The industry is alleged for charging premium and making late delivery of automobiles. The need is to evaluate this sector impartially....
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Pakistan’s integration into global economy
Despite structural reforms undertaken in all spheres of the country’s economy under vigorous monitoring of funding agencies, Pakistan continues to remain on a slow growth path. As a result it is...
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Invisible markets with visible returns
Most companies tend to focus on the saturated markets of the developed nations, dismissing the other much bigger consumer markets as too poor to matter....
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City planning is not a mere project!
 In the recent events, scores of important development-related decisions are being contemplated by the authorities in the most disjointed manner. On 29th November 2003, the Chairman of National Highway Authority (NHA)...
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Savers in serious trouble
Savers in Pakistan are in a serious trouble. More so, those who are totally dependant on the shrinking income from their savings for their livelihood....
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