July 18, 2005	Monday	Jumadi-us-Sani 10, 1426

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A case for increasing savings rates BY end 2004, it became obvious that the monetary policy had remained unfairly slanted in favour of the borrowers. In spite...		PC’s faulty moves HAS success spoilt the Privatization Commission (PC) in its efforts to dispose of the shares of the public sector units whose management control shares it had earlier transferred to foreign or...
Weak follow-up of housing policy THE Housing Advisory Board (HAB) reviewed the National Housing Policy (NHP)—2001 to assess its status...		Boosting indigenous pesticide output SOME of the areas of Pakistan’s agriculture make one wonder whether the government is supporting or undermining...
Garlic: nature’s gift to humans GARLIC Allium sativum is a gift of nature. Originating from the western Asia and southern Europe, it is a crop valued for seasoning and flavouring. The seed stalk is similar to that of onion and bear....		Local skills in raising livestock THE body of knowledge dealing with the treatment of animal disease is commonly referred to as the ethnoveterinary (EV) medicine. And the ethnoscience or cognitive anthropology is the study of people’s perceptions of their surroundings....
Environmental concerns, options FRESHWATER habitats are home to thousands of species. These include fish, amphibian, molluscs, insects, plants...		WTO’s transactional price system CUSTOMS value of imported goods has to be determined in accordance with the national laws of a country. However, in the case of a WTO member country, its national laws on...
Foreign investment in telecom sector IT has been debated for too long whether foreign direct investment (FDI) is good or bad for a developing economy. Some argue that FDI is essentially a tool in the economic...		Enron power project under Indian management: Mumbai Letter THE Indian government this month finally hammered out a solution to what appeared to be an intractable problem relating to the largest foreign investment in a power project in the country....
NWFP’s growing debt burden ARE the loans being extended by international financial institutions (IFI’s) to the NWFP for funding development activities and for overcoming its persistent budgetary deficits a boon or bane for the people of...		Safta and regional trade integration SOUTH Asian Association for Regional Cooperation (Saarc) was formed in 1985 to foster economic, social and political ties. And a decade later, in 1995, the South Asian Preferential Trade Agreement Trade...
Breaking patents in retaliation BRAZIL, a leading member of the G-20 bloc at the World Trade Organization, spares no efforts in resisting rich states’ hegemonic shenanigans. Now, it has set a bold precedent for the...		Political economy of inflation INFLATION which is one of the dominant economic problems of our times may be broadly defined as a process of steady and sustained rise in the general price level....
The challenge facing Islamic banking STRANGE as it might appear, Pakistan’s move to expand its Islamic banking base has not been undermined by the upsurge of religious extremism. When Islamic banking started off in Egypt in...		Weeds damage cotton crop COTTON, Pakistan’s most important fibre crop, contributes eight per cent to the GDP, is a major foreign exchange earner, provides raw material to the textile industry and nutritious seed cakes to animals....
Unilateral decisions of KSE worry SECP officials A SNAP rally on the Karachi Stock exchange at the weekend raised hopes that the worst may be over on the COT after the Board of Directors decided to go alone on the issue affecting the trade....		Bank investment in govt securities increases ON July 12, the State Bank of Pakistan sold Rs11.6 billion worth of the Treasury bills in a nine-day repo at 7.5 per cent. This followed a 10 day repo sale of Rs9.2...
Rupee firm in a sliding market THE Pakistani rupee in local currency market displayed strength over the American currency this week, as sliding trend was witnessed in both the inter- bank and open markets....		Imports fail to make dent in pulse prices THE price of pulses kept on increasing on the Karachi Wholesale commodity markets, last week. Brokers said that it would ease from the current all-time peak levels as a cut in the withholding tax (WT) has been announced....