August 1, 2005	Monday	Jumadi-us-Sani 24, 1426

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The changed stance in monetary policy ON July 21, SBP announced the monetary policy for the July – December period. According to market analysts, while the emphasis this time is on fighting inflation and bringing it down...		A trillion-rupee question IT’s a trillion-rupee question that needs serious handling. It’s the money invested by millions of people in the National...
Trade policy and empty promises GENERALLY, businessmen have appreciated trade policy 2005-06 announced by Commerce Minister Humanyun Akhtar Khan on July 21 because it promises structural changes in the official trade promotion and other related agencies,...		Is the wheat mess myth or reality? WHEAT is a strategic crop for the Pakistanis, as for them, it is the most important food item. Hence, its availability all the year around, in all pars of the country,...
Revamping the marketing of fruits, vegetables TO promote marketing of fruits and vegetables in the domestic and foreign markets, the government has given a free hand to private enterprise. The government’s involvement in the marketing is restricted...		Imports from India IMPORT of agricultural items of daily use and livestock and meat from India have finally started despite controversies about their need, their impact on productivity of the rural sector, policies of...
EU-US row over aircraft subsidies IN what has the potential of becoming the most complicated and expensive case in its 10-year history, the WTO has decided to constitute two panels to look into allegations levelled by...		Making the industrial development environment-friendly ON 19 July, the Governor of Sindh advised various industrial bodies to identify the problems and specify possible options to spur industrial growth. He also ordered a speedy preparation of an industrial master plan for the province....
Mango decline: causes and management MANGO crop has been hit by a disease known as mango decline or sudden death. Mango orchards are planted on more than one hundred thousand acres in Sindh while the province...		Financial hub paralyzed by monsoon rains: Mumbai Letter UNLIKE most other Indian cities, Mumbai has an elaborate network of storm water drains and sewage lines that collect rainwater and liquid waste and deposit them into the sea....
Search for steel mills’ buyers CAN Pakistan Steel, dubbed by many as a white elephant, which could not expand its productive capacity beyond 1.1 million tonnes in 25 years, raise its output by 10 to 15 times in ten years....		Development issues in Balochistan WHILE presiding over a meeting of the National Credit Consultative Council (NCCC) on July 19, 2005, the Governor of the State Bank, Dr Ishrat Husain said that the provincial governments should be involved in the development of infrastructure projects....
Monetary policy statement THE monetary policy statement for July-December-05 (MPS-05) issued on July 21 outlines the achievements in the economic field during fiscal 04-05 (FY-05) gives some projections for fiscal 05-06....		Corporate Pearl Harbour HOW free is the free market economy in the United States, the mecca of corporate gospel, was once again in evidence a week ago when its oil company Unocal finally refused...
Import substitution for balanced trade THE trade policy 2005-06 has been rightly framed to meet the emerging challenges of globalization. However, it envisages a very liberal posture of imports which may not be conducive for the...		POL price fixation mechanism THE government announced the increase in POL products on the recommendation of the Oil Companies Advisory Committee (OCAC) raising price of all the products from July 1,2005....
Liquidity supply issue haunts Karachi bourses THE stocks again fell across a broad front amid declining volumes caused by the pressure on liquidity supply in the absence of a credible financing mode....		Demand, time liabilities portray declining trend ACCORDING to the weekly statement of position of scheduled banks for the week ended July 16, 2005, the sum of demand and time liabilities fell in the week under review....
Supply keeps dollar under control MIXED sentiments were observed in the local currency market this week due to the subdued dollar demand. The rupee-dollar parity did not show any sharp fluctuations throughout the week in review,...		Wheat eases while sugar sticks to higher echelons WHEAT prices, on the Karachi wholesale market last week, eased on account of improved supplies as arrivals from the upcountry centres were considerably consistent....