August 29, 2005	Monday	Rajab 23, 1426

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SROs back in business REMOVAL of bureaucratic snags and simplification of regulatory framework to serve the dual purpose of trade promotion and transparency was a major constituent of wide ranging economic reform process initiated by President Musharraf’s government when it assumed power in 1999....		Mind boggling imports WHAT had started with decisions to import wheat and sugar to meet domestic needs and shortfall in domestic production and an effort to bring down prices of certain food items seems...
Corporate governance and global challenges THREE great ideas came together to invent modern corporation. The idea of an artificial person for aggregation of capital; the idea of limited liability of subscribers to this capital (the shareholders), and the idea of the transferability of subscriptions (shares)....		Malpractices in gram marketing PULSES play an important role in agriculture due to their ability to grow on marginal and rain-fed lands and the same is the case of Pakistan....
Rice cultivation by seed priming FOR more than half of humanity, rice is the staple diet and is one of the most important cereals in the world. It also occupies an important position in the agro-based economy of Pakistan....		Wheat straw’s nutritive value for buffaloes LIVESTOCK is an important component of agriculture sector as it shares a major part of food items and source of livelihood for a large segment of population living in the rural and in its urban vicinities....
Oil security tops the agenda AT a time when the international crude prices are soaring and world oil supplies are not increasing in line with the growing global demand, countries depending on oil imports to meet...		Rural industries neglected SINDH is the second largest province of Pakistan with a strong agriculture base provided by the mighty Indus and the world’s largest irrigation network. And historically, agricultural commodities including fishing and...
World economies THERE was a marked pickup in activity in most of Latin America in 2004, with the region enjoying its strongest growth in 25-five years. This development reflects a combination of external and domestic factors...		Oil subsidy — a drain on Indian companies: Mumbai Letter SOARING international oil prices are only succeeding in giving a false sense of comfort to Indian consumers, even as four state-owned giants are haemorrhaging as the government is reluctant to hike...
Debt and self-reliance THE announcement by the World Bank President Paul Wolfowitz that that WB is increasing its aid to Pakistan from $950 million last fiscal to $1.5 billion for this financial year three...		Accessing foreign markets THE trade policy 2005-06 has set an export target of $17 billion against the previous year’s earnings of $14.41 billion. The ministry of commerce plans to achieve the target by adopting a five-pronged ‘rapid export growth strategy’ (REGS)....
Myths about bilateral free trade OF late, there has been an outbreak of activism in the realm of bilateral free trade and investment agreements across the world. Many developing countries have found themselves swept off by...		New funding system bolsters bourses THE stock exchanges have got what they wanted, or have merrily welcomed the continuous funding system for share transactions. Earlier, the ceiling for the badla financing was Rs12 billion, but following...
Employment creation and the growing labour force DEMOGRAPHICALLY, Pakistan continues to exist among the disadvantaged nations symbolized for fast growing population with low literacy rate and growing number of new entrants to labour force outnumbering employment opportunities....		Wheat yield from improved irrigation ALMOST 70 per cent of world water is used in irrigation, 20 per cent in industry and 10 per cent for drinking purposes. Whereas, in Pakistan, the canal command areas receive...
Shares attract buyers with increased funding THE post-Continuous Funding System (CFS) attracted a lot of fresh buying on the selected counters as pressure on the liquidity eased after the cap limit was enhanced to Rs25 billion from Rs12 billion....		Central bank injects Rs8.30bn into money market AT a four-day reverse repo operation, the State Bank of Pakistan reportedly injected liquidity into a tight money market by buying back Rs8.30 billion of the Treasury Bills on August 25....
Euro gains in inter-bank trade THE rupee-dollar parity moved both ways in the local currency market this week. When the week in review opened on August 22, the dollars’ demand persisted in the inter-bank market to meet higher payments....		Commodity prices remain stable PRICES of essential items on the Karachi wholesale commodity market remained stable last week as ready supplies were comfortable. There were not major changes on any counter....