June 6, 2005	Monday	Rabi-us-Sani 28, 1426

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The perils of taxing farm incomes THE debate about taxation of agricultural income is as old as 1860 when income tax was first introduced in the subcontinent. The Income Tax Act of 1922 covered agricultural income as...		Real estate investment trusts on the cards THE federal budget is likely to include measures to promote the formation of Real Estate Investment Trusts (REITs) and it is expected that once the Securities and Exchange Commission of Pakistan...
Monetary policy and inflation THE assertion made in the article, captioned “Tight Monetary Policy cannot beat inflation” can be supported neither by economic theory nor practice....		Low budget for farming REPORTS about the public sector development programme (PSDP) always remind me of an incident in the early sixties. PSDP used to have the simple title of ‘development programme’ those days. Some...
Controlling sunflower diseases THE sunflower crop is subjected to various mechanical, physiological and biological stresses in all stages of growth and in all environments with reported loss. The unavailability of good quality seed and...		Dairy management in scorching heat ENVIRONMENT is the determining factor in production and reproduction of livestock all over the world. Out of the environmental factors temperature and humidity have their prime effect on animal physiology, behaviour...
Women in farming in Hunza valley THE Northern Areas (NAs) comprises Gilgit, Ghizer, Skurdu, Diamer and Ghanche. The NAs is known as the axis of Asia, the place where three major parts of Asia, the Southern, Central,...		Water supply falling apart CITIZENS of Karachi are made to brave yet another scorching summer with a totally unreliable water supply service. As heat wave escalated in May and water consumption began to rise, the...
Remedies against unfair trade practices THE World Trade Organization (WTO) stands for competition in the realm of international trade. Therefore, any trade practice that distorts competition is regarded as unfair, and member countries are authorized to...		Going back to mandatory dividends INVESTORS in a capital market look for better yield. Many of them think that the capital market will make them millionaire in a fortnight. The outcomes may be quite different. However,...
Consumers’ craze for expensive brands: Mumbai Letter FOR years, many affluent Indians would fly off to Dubai or Singapore on shopping expeditions, spending quite a packet on clothes, electronic gadgets, jewellery, and other fashion accessories....		Banking system—an assessment IN the past few years, banking system has undergone various radical changes. Although the privatization and deregulation have become buzz words, outcomes of reforms are more visible in the banking sector....
How to contain inflation THE macroeconomic and the fiscal instability along with the CBR’s inability to check evasion of taxes and duties have taken inflation to an unmanageable level. In fact, price hike is fast...		Economic indicators taking a U-turn? THE focus of the country’s economic managers has been on the macroeconomic stability and the growth in the gross domestic product(GDP). The macro-economic stability envisages: (a) reduction in the fiscal deficit...
Sweating over the NFC Award SINCE 1973, after the promulgation of a consensus constitution by an elected and popular government, there have been three national finance commission awards enforced in 1974, 1991 and in 1997. But...		Commodities rule high on short supplies PRICES of most of the essential items, last week increased on the Karachi wholesale commodity markets because of the pressure on ready supplies and an increase in retailer’s demand. There was...
Stock market turns bullish with SECP issues settled THE stock market, last week demonstrated in more than one ways that it had the will and perception to respond bullish to positive news if it was allowed to follow the...		Developing economies fragmented THE developing economies are invariably said to be in state of transition. How long that transition lasts or how soon the new order comes to prevail over the archaic system with...
Social development or economic growth? THE budget makers are on horns of dilemma: should they press forward with social and human development as its goal as pursued on the recipe given by international donor community to...		Rupee gains against euro IN the domestic market, the Pakistani rupee gained over the euro, after the later fell in world markets. On May 30, the euro was at Rs76.00 for buying and Rs76.20 for...