Impact of the interest rate hike
LAST week’s decision by the State Bank of Pakistan to raise the discount rate from 7.5 per cent to 9 per cent for the first time since November 2002 is aimed...
A neo-con at World Bank
NOBODY can fail to appreciate President Bush for the touch of irony in choosing the new American nominee for heading the World Bank evoked by the similarity...
Expansion on the way
PEOPLE are generally given to take government generated economic statistics with a pinch of salt. It wouldn’t be a political party which would not call the numbers in the yearly ‘Economy...
Rupee stays firm against dollar
ON the opening day of last week, the rupee maintained its weekend levels against the dollar in the inter-bank market for buying and selling at Rs59.37 and Rs59.39 respectively. The rupee...
Supply position remains fairly comfortable
RELATIVE trading was witnessed on the Karachi wholesale commodity markets during the last week as supply position remained fairly comfortable owing to steady arrivals from the upcountry markets...
Target-setting for crops in provincial domain
ONE of the exercises federal government undertakes twice every year is setting targets for Rabi and Kharif crops; this was recently done for the Kharif season and there seemingly is nothing...
Effects of WTO on farm economy
THE main barriers to a free agriculture trade are high import duties, domestic financial support programme given to farmers and the maintenance of export subsidies. Restrictive and trade-distorting...
Drags on livestock production in Gilgit
IN Northern Areas, livestock is produced under nomadic pastoralist systems. Farmers keep sheep and cattle of local/undescriptive breed and goats of jarakheil breed. In Gilgit tehsil, on an average, each...
Water flows downstream Kotri
PAKISTAN National Institute of Oceanography and National Science Foundation has established that salt water intrusion into the plains of lower Sindh is directly related to the decrease of flow in River...
Chinese stakes in Balochistan
PAKISTAN-China economic ties are growing. More than 31 Chinese companies operate in this country in oil/gas, IT, telecom, power generation, engineering, automobiles, infrastructure and mining sectors...
Flammability hazards in textiles
LIVES and valuables at work-places or at home are exposed to serious harm if they become victims of an unwanted fire. In old days fire had been used as a means...
ADR for solving commercial disputes
THE concept of ‘alternate dispute resolution’ (ADR) implies making use of negotiation strategies like mediation, arbitration and conciliation to resolve disputes of varying nature...
The rise of women in micro-enterprise
SMALL enterprise are considered as a vehicle for innovation, employment, poverty reduction and social integration and are important part of national economic and social structure. ‘Enterprise is the antithesis...
Indigenous machinery to cut trade deficit
OF late, Pakistan’s foreign trade has assumed grave proportions as the persistent trade deficit has soared to the new highs during the current fiscal year. Imports during the first eight months...
Emerging trilateral development co-operation
AS we approach the golden jubilee of the Bandung Conference this month, it will be useful to visit the progress made in terms of South-South cooperation, since then. The event was...
Industrialization alone will not lead to prosperity
THE issue is not whether to industrialize or not as is the slant given by some quarters to an otherwise simple question. The question is whether industry per...
A scary energy scenario
A SCARY oil scenario for the near future for the world has been painted by the International Monetary Fund (IMF) which is not given to exaggerations in such critical areas. The...
A political tsunami
THE common man is groaning under the unbridled rising cost of living. For him, the basic necessities of life are more important than the long-term strategy of development. Unless the...