10 May 2004 Monday 19 Rabi-ul-Awwal 1425 Shareholders' capitalism and market democracy A major issue confronting the country's economic managers is how to induce a sizable portion of the country's population to embrace shareholder capitalism. Indeed, the number of shareholders is put at a mere 1.8 million in an estimated population of 150 million ... Role of attitudes in economic growth Economic development of less developed countries has received enormous attention since World War II. A large number of studies have attempted to understand the internal structure of economic backwardness of less developed countries including Pakistan. ... Wheat issue blown out of proportion While there always are political connotations to the wheat crop, they have been blown out of proportion this year because the supply and availability of the commodity is sufficient ... Implications of second e-biz wave In the United States and elsewhere in the West, the online retail business firms called e-tailers have mounted a fresh attack on the traditional way of doing business, causing an upheaval in the corporate corridors. ... Urban renewal through foreign debt The World Bank and the ADB have jointly offered around $800 million to help undertake a five-year Mega City Renewal Programme (MCRP) to rehabilitate Karachi, Lahore, Rawalpindi and Peshawar. ... Help more people to own shares As share buying seems the lone profitable option now for the savers, and that practice gets more popular, the people want the number of shares available to them to be increased radically. ... Making full use of MFA phase-out The Asian countries have remained a dominant source of supply of affordable and quality apparel for the inhabitants of North America and Europe for past three decades. ... Multilateralism and regionalism A fundament principle of the multilateral trade system established by the General Agreement of Tariffs and Trade (GATT) and its successor, the World Trade Organisation (WTO) is non-discrimination. ... Let market forces decide the pace of growth If you do not create a free market, a black market will emerge. This is the motto of the Lithuanian Free Market Institute. In this article, I shall try to show that the system of market economy works best to fulfil the people's quest for happiness by providing them free choice to meet their needs. ... Airline industry on the move The world airlines market is absolutely out of the 9/11 syndrome. The passenger number is growing very rapidly worldwide, and the air-travel is now again considered as a "safe means" of travelling. ... Formation of textile ministries The announcement by the government to create 'textile ministries' - both at the central and provincial levels - is a positive step. In fact it should have been taken much earlier. ... Concepts of management development Historically, changes are taking place in the socio-economic conditions of the families. Although most nations are influenced by the agriculture, but there are some influenced more by the industrial development and have developed new aspects in the management. ... Unrelenting wheat crisis in Sindh Wheat situation, which was claimed to be normalized by February following the harvest of 2003-04 crop in Sindh, has not been so despite claims of the government. With every passing day wheat issue is getting more complex. ... Improving water efficiency in Balochistan Balochistan is constantly losing its potential and productivity due to extreme arid climate and numerous desertification processes by human and livestock. Over-grazing and woodcutting are resulting in sheet and gully erosion in the range lands. ... Advance monsoon forecast The meteorological department of India has predicted a near normal monsoon rain during June-September. Indication of a normal monsoon was earlier evident from the forecasts made for different Asian countries ... Mirani Dam, a boon for Makran Water is the basic and the most sought-after commodity all-over the province of Balochistan but Makran Division where this resource is very very scarce is located 380 miles north-east of the provincial capital, Quetta. ... Equities stay optimistic to check decline Stocks remained in an optimistic mood last week as leading punters were not inclined to allow the market to fall below its current level. Some are reportedly trapped in the cobweb of earlier price manoeuvring and wanted a safe exit. ... Rupee value falls The rupee commenced the week on a negative note. When trading resumed on May 4, after observing long weekend on account of May Day and Eid-e-Milad-un-Nabi from May1 to 3, the local currency market witnessed improved demand for dollars. ...

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