Monetary policy and inflation
THE ultimate objective of economic policies in any country is to increase the welfare of its population. Monetary policy provides the vital support to national economic policies in achieving this goal....
SMEs defined
OFFICIALS involved in drafting the new SME policy say they have finally succeeded in evolving a uniform definition of SMEs whose absence has been a major snag in the rapid development of the small and medium- sized industries....
High-priced land blocks investment
A MULTINATIONAL store chain is desperately looking for a 16-acres piece of land in Karachi to open its retail outlet. Its executives supported by Sindh chief minister’s Investment Cell have not...
Telemetry system — a source of controversy
CONCEIVED five years back as source of incontrovertible empirical evidence to counter water distribution controversies and complaints by provinces, the telemetry system seems to have become a source of greater controversy as it has been reportedly abandoned because of ‘inefficient performance’....
Managing irrigation for higher crop yield
OUR agriculture system is dependent mainly on the irrigation through canal water. Out of 136 million acre feet (maf)of water available from the rivers more than 95 per cent is diverted for irrigation purposes....
Variable costs of flower cultivation
FLOWER cultivation is on the increase on the back of growing demand at home and abroad. Dried flowers are exported to the US and other destinations whole essence is used to flavour food products....
Textile exports after quota
THE termination of the multi-fibre agreement (MFA) in 2004 presents a suitable opportunity for Pakistan’s textile producers to enhance their share in the international market on the basis of price and quality....
Threat to biodiversity and farming
BIODIVERSITY is dwindling at an unsettling rate throughout the world and it has been estimated that 50 species become extinct daily and it has been projected that by 2020, 15 per cent of biodiversity will be lost....
IPR Ordinance 2005: What next?
THE issue of IPRs has always been in the fore-front and now also a bone of contention between the developed and the developing worlds. The former considers the copy of it’s...
CBR for taxing capital gains
LAND acquisition and transfer should become less arduous and less of a time-consuming exertion than it has been in Pakistan for long. This follows the complaints of successive foreign investors that...
Human-centred social growth
IN the first three quarters of the 20th century, states all over the globe accorded top priority to industrialization and economic development. But in the process, the agricultural sector was deprived of public investment required for sustaining it....
Land transfer to CDGK
THE cat is finally out of the bag. At a top-level meeting of officers of Government of Sindh (GoS), on August 25, the Governor of Sindh directed the concerned departments to...
Worrying social spending
WHILE GDP growth has risen strongly and government finances have improved, major economic concerns remain in the form of inadequate social sector spending, widespread poverty and slack movement on trade diversification....
CFS: a lesser evil at best
AFTER some bitter and long drawn controversies, financing of speculation through Carry-over transactions (COT) in the stock market is being replaced with a modified version, named Continuous Funding System (CFS)....
Millennium goals lack awareness
AT the United Nations Millennium Summit, Pakistan signed the Millennium Declaration along with other 189 members. This year many countries have launched exercises to monitor progress on these goals....
Feudalism and global challenges
IN the recent past, the state of debate on feudalism was that it is dead and to worry about it is like beating a dead horse....
Shares values flare-up on corporate earnings
THERE was no looking back on the stock market last week as investors continued building up long position on oil and bank shares due to higher payouts and a market talk of better interim announcements....
Oil prices exert pressure on dollar
THE rising international oil prices exerted downward pressure on the dollar in local market. Major banks were seen buying dollars in the inter-bank market to cover high import bills....
Cut-off yield on treasury bills unchanged
AT the auction on August 31, the yield on six-month Treasury Bills remained unchanged. The cut-off yield on six-month and 12-month paper remained unchanged at 8.1388...
Sugar stable despite fresh import
PRICES of some essential items on the Karachi wholesale commodity markets rose last week due to the pressure on ready supplies. This was followed by the reports of holding back of...