07 February 2005	Monday	27 Zilhaj 1425

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Redeeming corporate governance "The Securities and Exchange Commission of Pakistan (SECP) has decided to effectively check unethical business practices, mismanagement and corporate frauds with a view to promoting good corporate governance in the country" ...		Defence spending and economic stability While the debate on the usefulness of government expenditure as a fiscal policy instrument to correct short-term fluctuations in economic activity has largely been resolved ...
Faulty oil pricing The sharp rise in domestic prices of POL led by Rs2 for a litre of petrol or Rs9 for a gallon announced on Tuesday came as a shock to the people. They now pay Rs42.39 a litre. ...		Baffling inflation and interest rate trends The economic theory suggests that interest rates should be raised in order to contain or reduce the inflation. If we look into the economic position prevailing in the decade of 1990s ...
Global roots of poverty Globalization is the hallmark and the outstanding feature of the world economy as it has evolved during the second half of the 20th century. ...		Moving from tax to expenditure reform One of the primary focuses of any government eyeing fiscal development is on the resource mobilization through revenue collection. ...
Theory of comparative advantage revisited The theory of comparative advantage suggests that a country should specialize in production of a good or services in which it has a comparative advantage. ...		Surging demand hikes cement prices Cement-makers have recently raised the price of a 50-kg bag by Rs40-50. This hike will be 15-25 per cent higher compared to existing price levels of Rs235-240 per 50 kg bag. ...
Fishing in troubled waters Fishery is one of the important economic sectors in Pakistan and plays an important role in providing livelihoods to local communities. ...		How to boost export market share Almost all the developing countries are faced with challenges in their pursuit to meet the WTO commitments. Majority of them including Pakistan is striving to achieve substantial increase in their export market share ...
The cell phone revolution For millennia, person to person voice communication was restricted to face-to-face talk. In some valleys and specially designed buildings people could talk by echo, but ordinarily, conversation was restricted to personal presence. ...		Emerging international trade scenario In the contemporary world, trade has emerged as the most powerful factor affecting inter-state relations. That is why the present age has been called the era of commercial diplomacy. ...
Hazards at Gaddani ship-breaking yard The Economic Coordination Committee (ECC) of the federal cabinet has decided to reduce duties on the ship-breaking industry, in its January 18 meeting. ...		Harnessing coal-based power Pakistan is expected to enter a new era of economic and industrial development when the Chinese Prime Minister performs,in the month of March 2005, the groundbreaking ceremony of the Thar integrated coal mining and power plant. ...
Agriculture: issues and challenges The agriculture of Pakistan in general and Sindh in particular is exposed to a number of problems ranging from poor yields to marketability of commodities, water shortages to conservation, from grading to set world quality norms ...		Marketing of citrus fruits in Punjab The fruit marketing in Punjab is not efficient due to the high trading costs and profit of the middleman. Small farmers usually sell their produce in the local markets because of their small trade surpluses and weak financial position. ...
The growing livestock farming Livestock is the second important sector of agriculture. While the share of agriculture in GDP declined from 26 in 1986-87 to 24 per cent in 2003-04, the share of livestock went up from eight to 11.4 per cent during that period. ...		Corporate farming and food security At a time when Pakistan's food security is confronted with a crises, meeting the people's food needs becoming more expensive and when social scientists and human rights groups are clamouring for an end to feudalism ...
KSE index demolishes psychological barrier of 7000 points History was made on the Karachi Stock Exchange the previous week as many previous all-time records, both in terms of index level and market capital, were broken without anyone knowing where it would end. ...		Remittances help rupee stage quick recovery The rupee/ dollar parity this week showed a mixed sentiment in the local currency market. The demand for dollar, though existed, sufficient supply of dollar during the week restricted any major fall in rupee value against the dollar. ...
SBP raises average yield on six-month treasury bills On February 2, the State Bank of Pakistan increased the average yield on six month treasury bills to 4.79 per cent from 4.16 per cent. ...		Sharp increase in price of sugar Sharp increase in prices of sugar featured the trading on the Karachi wholesale commodity markets last week despite reports that the TCP is directed to import another one million tonnes of the commodity to ease the price situation. ...