June 20, 2005	Monday	Jumadi-ul-Awwal 12, 1426

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Outsourcing sector fights for global market share If you’re planning to make it big in the world of technology outsourcing, youd do well to check out the competition in the neighbourhood. Especially if global outsourcing giant...		Sindh budget hit by NFC stalemate ‘A continuing National Finance Commission (NFC) stalemate and an unending uncertainty on the availability of resources till the last minute kept the budget makers of Sindh ‘under great stress and strain...
Punjab’s development plans 2005-06 Punjab seems to be prospering by what some officials may say leaps and bounds despite an inordinate delay in the finalization of the sixth National Finance Commission (NFC) Award...		Shifting paradigm in agri exports The agriculture and food business, in the last few decades, have changed in terms of the demand-supply, cropping pattern, international trade, consumer preferences, technological....
Mushroom: an important edible fungus An edible mushroom is a delicacy relished as popular but costly food. In the developed countries, mushrooms have become one of the most important of all the horticultural crops...		Diseases afflicting betelvine Betelvine locally known as paan, is an evergreen creeper that belongs to the pepper family. Leaves of betelvine are chewed along with areca nut (chaliya) as a masticator...
Livestock farming needs government support Javed Khan rears five to six buffaloes every year. He buys them for about Rs5,000 and spends nearly Rs10,000 on rearing them. Every year, he goes to Tharparker district market...		Infrastructure development: what needs to be done Pakistan, after 1960s, has again embarked on a developmental journey with a resolve that the next decade would see the country privy to an internationally acceptable infrastructure...
Environmental impact of Chashma Barrage Wapda may certainly boast of a fairly creditable record in meeting environmental standard. Exceptions, however, prove the rule. This exception is the Chashma Barrage Project located on river Indus in district...		World economies The country is witnessing a growing class of entrepreneurs that increasingly drive economic growth and prosperity in this country of 4.4 million people. Small and medium-sized enterprises are a strong segment of the economy now...
Delayed rains may hit agricultural output: Mumbai Letter THE panic buttons have still to be pressed, but there is growing concern in several ministries, boardrooms and stock markets across the country about the delay in the onset...		Efficacy of monetary policy in managing liquidity The focus of current debate in the media is efficacy of the existing monetary policy on containing the rising inflationary trend. A group of investors doing business in stock exchanges...
Lessons from South-East Asian banking crisis The speculative behaviour in business and banking is not finite. It is linked with a continuous cycle of more investment,...		NWFP agriculture policy Punjab is the largest province and Sindh comes next; they are the most productive provinces in the agriculture sector, contributing the bulk of wheat, cotton, rice, sugar cane and other crops....
Economy has to adjust to high oil prices The rise in crude oil prices is a worldwide phenomenon and Pakistan cannot remain immune to it. This increase in prices is a result of structural issues involving crude oil supply...		Physical vs cash settlement in stock futures The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) are considering switching final settlement...
PTCL privatization drives market sentiment The KSE 100-share managed to finish with an extended gain of 53.44 points but well below the week’s best level of 7,536 points. Strong bear...		Rupee stays static in open market On the opening day of last week, the rupee lost two paisa for buying and selling in the inter-bank market at Rs59.65 and Rs59.66, respectively. In the open market it did...
Central bank sells Treasury bills worth Rs108.6bn On June 8, the State Bank of Pakistan sold Rs108.6 billion worth of Treasury bills of three-month, six-month and one year, against the target of Rs77 billion. The weighted average yield...		Commodities pick up modestly in post-budget trading Trading on the Karachi wholesale commodity markets picked up modestly last week after normal activity was resumed by commercial and brokerage houses...