14 June 2004 Monday 25 Rabi-us-Saani 1425 A new deal for the farmers The government has come up with a new deal for farmers that is all-embracing, and should produce positive results in the farm sector which has been lagging far behind other sectors in its growth rate. ... Using tax money to address 'ruralization' of cities City issues have been capturing the attention of town planners more than that of policy makers and/or public administrationists. Cities cannot develop in isolation of the rest of the country. ... Great fortunes do not see third generation As the dust settles after more than two years of a fiercely fought battle to avert Mansha group's 'hostile take-over' bid, Adamjees finally appear to have accepted the loss of their flagship- The Adamjee Insurance Company. ... Corporate culture change Corporates are undergoing a culture change. First, there is a marked shift from conventional wisdom to strategic thoughts to manage market and sovereign risks for a sustainable business development. ... SAPs have played havoc with lives of millions With his eyes half-shut James Wolfensohn glanced at the learned audience before outlining the challenges facing the development economists and practitioners. ... PIAC: imperatives for growth The Pakistan International Airline (PIA), the national flag carrier of Pakistan, with scheduled and charter flights started its international operations in 1955 with a flight from Karachi to London via Cairo and Rome. ... India's poor voted against market economy 'Free market' in economics, like 'free verse' in literature, is the Western contribution to modern civilization. Borrowing a phrase from G.K. Chesterton, one might as well call the rural poor's one room mud and thatch home 'free architecture'. ... TQM paradigm in banking industry Due to the emerging need of quality management system implementation in banking industry now is the time for us to move about "paradigm shift." Our commercial banks must pay attention to this shift ... How to counter insider trading in bourses? Insider trading is a white collar financial crime and it is widely held that insider trading is rampant in our stock markets. It is said that it is a complex crime and there is no understanding, capacity, and resolve to counter insider trading in our stock markets. ... Deliverable democracy and effective management systems The central theme of my article relates to the critical significance of effective management and administration in government as well as public and private enterprises, for the development, maintenance and survival of democracy in a developing country. ... Patents of PCSIR inventions A patent is a statutory privilege granted by the government to inventors and other persons deriving their rights for a fixed period of time, to exclude other persons from manufacturing or using and selling a patented product or from utilizing a patented method or process. ... Good corporate governance Many people wonder what exactly is the definition of Corporate Governance, what is its scope and applicability. A number of new rules from legislators and regulators have added greatly to Board of Directors and key executives compliance burdens. ... Package for farmers: many questions remain unanswered The package announced by the President for the farming sector is a welcome development though late by a few years, including four years under General Musharraf. ... Dismal cotton production scenario Cotton is the most important cash crop of Pakistan. Export of cotton-based products contributes over 60 per cent of the total export earnings. In terms of value it adds over $2.5 billion to the national economy which is 3.5 of the GDP. ... Achieving self-sufficiency in wheat A conflict among the provinces on wheat supply is on. To get into wheat shortage during cropping season has now become a norm for Pakistan. The country has hardly produced enough wheat to meet the food requirements. ... Power outage and damage to national economy Electricity from the public mains is most convenient while uninterrupted supply is essential. Unfortunately the situation is unsatisfactory. Interruptions are classified as the "shutdown" - a planned procedure or the "breakdown" - a fault outage. ... Stocks finish higher boosted by pre-budget short-covering Despite a massive mid-week fall, stocks managed to finish modestly higher boosted by pre-budget short-covering on selected counters amid rumours of fiscal incentives. ... Rupee manages to recover slightly The rupee/dollar parity remained under pressure this week. On the week's opening day (June 7), the rupee shed two paisa versus dollar in the inter bank market, changing hands at Rs57.80 and Rs57.82 on corporate sector demand. ...

© The DAWN Group of Newspapers, 2004