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| December 29, 2003 | Monday | Ziqa’ad 5, 1424 |
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External sector outlook
Pakistan’s external sector is in a very happy position. It fact, it has never been so good. The most significant thing about the situation, which should be remembered, is that it... 
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Will there be a Kalabagh dam?
WHILE inaugurating the first unit of Ghazi Brotha on August 19,2003 - other units have yet to we completed, behind schedule more than several years (run of the river hydel project)...
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On the wings of expediency
EVENTS of 2003 can be characterized in more ways than one. State functionaries describe it as a year of tremendous successes in rationalizing the economy. Radical economists characterize it as a...
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Stocks rally falters with attempt on Musharraf’s life
The LFO-driven rally, on stocks, was halted at the weekend session, as investors hastened to unload their positions on the reports of second failed attempt on President’s life....
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Rupee Comes under pressure
The currency market witnessed dull trading activities last week. Year end payments kept rupee under pressure. During the week, rupee in the inter-bank market lost 5 paisas. After opening the week...
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State Bank auctions Treasury bills worth Rs200 million
On December 24, the State Bank of Pakistan sold worth Rs200 million one-year Treasury bills against the total bids of Rs4.9 billion received, both one-year and three-month. The amount was sold...
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Mixed conditions rule commodity markets
Mixed conditions prevailed on the Karachi wholesale commodity markets during the previous week. The prices of major essential items rose and fell, amid alternate bouts of buying and selling....
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Agriculture 2003: a dismal scene
WHILE officials declare the year now coming to close as reasonably good, facts on ground point towards the opposite direction. And not just that: the field has also been dug up...
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Irri-6 under serious threat in Sindh
RICE constitutes about 10 per cent of the total cropped area, with an acreage of about 2.5 million acres and production estimates at 5 million tons per annum, which accounts for...
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Why this decline in SBP’s profitability
This refers to the article published in your newspaper on Dec 22, 2003 regarding profitability of the State Bank. The writer has criticized the existing policy of market liberalization in favour...
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An overview of banks’ performance
STATE Bank’s comprehensive annual report for the fiscal year 2002-03 (AR-03) was issued a few weeks back which also contains review about the performance of the commercial banks....
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Capitalism without competition?
Capitalism without competition and with unbridled monopolies and cartels can lead to accumulation of economic power in fewer hands. A developing country emerging from feudal stranglehold and tribal dominance cannot afford...
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Defending the dollar: challenges ahead
JUDGING by the interest rate structure, the year 2003 was good for the borrower—but bad for the saver. It brought relief for businessmen particularly exporters who received much cheaper export finance...
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Common currency with India
When 56 per cent Swedes rejected the Swedish government’s proposal to join the eurozone in a referendum this September, the British, who are still out of the eurozone, said, “Sweden is...
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Development scene in Karachi
2003 marked the second consecutive year of the City District Government of Karachi (CDGK) in the office since 14 August 2001 onwards. Under the framework of Sindh Local Government Ordinance (SLGO)...
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KSE rises amid smaller number of new offerings
During the year 2003, the Pakistan’s capital markets managed to hold to the rally that had started the year ago. There were a few abrupt interventions, but the Karachi Stock Exchange...
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