August 8, 2005	Monday	Rajab 2, 1426

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KSE: liquidity crunch or speculation? KARACHI Stock Exchange (KSE) is witnessing lower trading volumes and somewhat bearish sentiment compared to what was the case till March 15, 2005. Most observers are attributing this to ongoing uncertainties and controversies about phase-out of Badla financing....		SBP’s annual credit plan 2005-06 LAST week, State Bank of Pakistan released its much-awaited annual credit plan for the financial year 2005-06. In its 11-page text, five pages are devoted to the trends observed during last...
Managing the regulators IS what prime minister Shaukat Aziz has done in respect of non-official representation in NEPRA a path-breaker or trend setter or a simple one-time step to get rid of some irritant...		Rains: nurturing the cotton crop COTTON is highly weather sensitive crop. Favourable weather condition at the time of sowing that gave good germination, no incidence of pest attack, increase in the number of bolls and weight,...
Indus floods —boon or bane? THERE is a popular saying in Sindhi language; “budi ja bena thia” which means that flood has doubled the produce....		Enhancing yield with planting machine A MAJORITY of farmers still use the conventional crop production technology which result not only in low crop yields but also requires heavy inputs like fuel, labour, irrigation water....
Risks and constraints in hydro-power projects THE response to recently advertised expression of interest (EOI) by the private power and infrastructure board (PPIB) for implementation of seven hydroelectric power projects has been overwhelming....		Recycling waste material RECENT newspaper reports said that the Mid-East hospital in Clifton (Karachi) will be demolished and instead, a shopping mall will be constructed on the site. A lot of waste material would...
Foreign investment trends THE foreign direct investment (FDI), a catalyst for the economic growth, has been a pressing need of the capital deficient economies of the developing world. It is a good cholesterol and...		Changing perceptions of development FOR about two decades after the end of the Second World War in 1945, most luminaries of development economics such as Mandlebaum, Arthur Lewis, Myrdal, Nurkse, Rosenstein Rodan and others in...
Cultural profiling of brands AN entry to a consumer’s house in any foreign land now requires a quick custom check. Where was this product born? What’s its true nationality? What’s this nation doing on the...		Oil pricing mechanism SINCE June 1,2001, the Oil Companies Advisory Committee (OCAC) has been calculating the POL price as per the ECC’s Economic Committee of the Cabinet (ECC)) approved formula which is auditable...
Locating land for housing IN a major policy move, the House Building Finance Corporation (HBFC) has begun a search for suitable suburban land for housing. It has approached the provincial governments to assist in locating accessible lands where the low cost housing can be provided....		Development with waste THANKS to fiscal improvement in the wake of 9\11, the government can now devote more resources to development, particularly for the so far grossly neglected social sectors, like health and education....
Yuan’s revaluation, managed float CHINA re-valued its yuan to 8.11 per dollar from the decade-long rate of 8.277 on July 21, 2005 The US Treasury Secretary John W. Snow immediately welcomed the decision as, ‘good news for China and good news for the global economy’....		The skewed distribution of assets THERE are varied strands of thought related to underdevelopment and its reasons. For some, which includes the ruling elite, the issue is one of GDP growth rate, industrial growth rate, fiscal deficits, trade deficits, export earnings, and foreign exchange reserves....
Investors await SECP move for reform package THE stocks recovered on active short-covering at lower levels in an oversold market, last week. This was triggered by the positive COT reports in the light of Shaukat Tarin Committee’s recommendations....		SBP hints at continuity in interest rate hike ON August 3, the State Bank of Pakistan sold Rs13.375 billion worth of six-month Treasury bills, less than half the demand of Rs26.875 billion. It raised the cut-off yield on the T-bills from 7.9869...
Rupee firm against dollar THE local currency market witnessed another steadier week with the rupee- dollar parity remaining stable throughout the week in review. The market had sufficient stock of dollars to match the demand....		Sugar, wheat import plans put traders on tight rope TRADING remained light on the Karachi wholesale commodity markets last week as dealers and retailers made limited purchases amid hopes of further decline in prices on reports of fresh wheat and sugar imports....