March, 28 2005	Monday	17 Safar 1426

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The reach of the speculators SINCE the early 1980s, in the name of de-regulation and expansion of markets, what the regulators ended up accomplishing unintentionally was strengthening and extending the reach of speculators and glib-talking market...		Unemployment mounting in Sindh UNEMPLOYMENT rate in Sindh is mounting, both in the urban and rural areas — this is the startling disclosure in the State Bank’s second quarterly report 2004-05 on economic performance released...
Is industrial policy passe for Pakistan? PAKISTAN’S manufacturing sector holds the key to whether the country will succeed in regaining the lost ground in the extremely competitive race for development in emerging Asia. If the country...		Who is responsible for the free fall at the KSE? WHEN any share market gains more than 70 per cent in value in less than three months, alarm bells of a bloodbath in the making should be going off all over...
Unaffordable housing prices AN advertiser in a daily newspaper wants for his 250 square yard plot with four rooms in Defence Housing Authority Rs10.30 million. Another advertiser in the same area wants for his...		Sugar policy: collusion breached GOVENRMENT has withstood the pressure from Pakistan Sugar Mills Association (PSMA) and allowed import of sugar. PSMA members have been acting thus far in concert with the government against the consumers....
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G-20 for ending farm subsidy THE two-day (March 18 and 19) WTO moot of G-20 countries in New Delhi has demanded a time frame from the rich countries to end subsidies to their farmers and terminate...		Crop yields from new technologies LOW agricultural productivity of developing countries is a common feature. One of the reasons is non-adoption of improved and recommended technologies. Crop production technologies are there but their adoption is low....
Urban decision-making completely flawed THE City Nazim of Karachi has announced the development of 26 new flyover projects as a solution to impending traffic jams. He and his colleagues are of the view that by...		Updating accountancy practices YESTERYEAR practices and solutions shall not serve a different today of the 21st century. Wide-ranging changes are called for across the entire spectrum of accountancy and auditing like the balance sheet,...
Corporate players in surging real estate market: Letter from Mumbai FOR years, the Indian real estate industry was dominated by the unorganized sector, and there was a total lack of transparency in terms of funding, marketing and legal issues. Developers were...		Strategic changes in the leasing business THE entry of commercial banks in the leasing business over the last few years has upturned the market dynamics to the obvious disadvantage of the sector. The bank’s low cost of...
Leasing creates artificial demand THE vibrant exuberance, spewed by the car craze proffered by leasing schemes, seems to have died down in drawing room discussions, but the magnitude of its devastating effects is distinctly surfacing...		NWFP investors in stocks suffer heavily DUE to lack of knowledge about the stock business, several thousand of investors, in NWFP, who diverted their investments from other sectors to the stock market have suffered substantial financial losses....
Faulty execution of support price THE government devised a tool for fixing support prices in the early 1950s. It was limited to main food grains, namely, wheat and rice, with the dual purpose of ensuring reasonable...		Losses in deep sea fishing FISH sector plays an important role in the economy. Although its share in GDP is less than one per cent but it contributes substantially to the national income. Fish exports...
STOCK EXCHANGE: Two-week battering erodes Rs290bn from stocks THE Karachi stocks received massive battering for the second week in a row due to clearing problems in matured March contract amid reports that some leading brokerage houses have crossed their...		RUPEE REPORT: Import payments push dollar demand higher RUPEE came under slight pressure this week on rising dollar demand in the local currency market. Though, in the inter-bank market, the rupee commenced the week on a positive note despite...
MONEY MARKET: NOTES in circulation, issued rise ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended March 12, 2005, both notes in circulation and those issued increased in the week. Notes...		COMMODITIES: Commodities market remains stable PRICES of most of the essential items on the Karachi wholesale market remained stable as leading brokerage houses did not make panic-buying and kept to the sidelines. Arrivals from the upcountry...