October 10, 2005	Monday	Ramzan 5, 1426

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Facing competition with trade barriers Can Pakistan compete globally while trade barriers and other constraints exist? This is a challenge to meet not only if it has to export more, but also if it wishes to...		Growth, inflation and deficit worries THE Asian Development Bank’s Pakistan economic update released last week forecasts that high economic growth will be sustained this fiscal year as a result of improved...
End of the oil age “THE second Great Depression may just be round the corner and it will be brought about by an end of the oil age, triggering a long-term decline of all those industries that depend on black gold.”...		Meat and milk policy FEDERAL Agriculture ministers have been promising a ‘livestock policy’ for over a decade but some how they have not produced a plan for the development of the sector....
Musk melon cultivation in Sindh Musk melon (Cucumis melo) is a creeping cucurbit and a popular crop with lots of medicinal values. It is considered as tonic to heart and brain, and is laxative and diuretic....		Neglected oilseed crop SOME major oilseed crops grown in Pakistan include cottonseed, rapeseed, mustard, canola, sunflower, safflower, groundnut and sesame. A significant amount of edible...
Multiple baseline surveys of no help to livestock THE ministry of food, agriculture and livestock (Minfal) has initiated a European Union funded project for the livestock. The project is aimed at undertaking baseline survey of specific parameters related to...		Indigenization in nuclear power plants WITH a view to accomplish economic growth aspirations, the government plans to increase national power generation capacity, from present installed capacity of 19,540...
World economies IN Asia, significant progress has been made at the regional level in strengthening the underlying economic structures and fundamentals. The economies in Asia continue...		Stocktaking of land parcels ON September 30, the Sindh High Court ruled that property transactions within the administrative limits of the respective districts are taxable as per the relevant law....
The first cruise service: Mumbai Letter AFFLUENT Indians have in recent years discovered a new way of travelling to exotic locales in South East Asia, the Caribbean isles and even in distant Alaska — cruising....		Productivity, poverty and pro-poor growth DURING the last fifty-eight years we did everything what donor countries and international financial institutions (IFIs) advised us to do for improving our economy and for reducing our poverty....
Oil price hits economy OIL marketing companies have increased prices of motor gasoline, HOBC, light diesel and kerosene oil in Pakistan up to 7-15 per cent for the fortnight effective from October 1....		How inflation erodes real earnings MEASURING inflation accurately is vital to policymakers. The SBP designs monetary policy in accordance with the expected inflation rates along with other determinants. When banks lend money, lending rates are adjusted...
A vital beachhead for economic renaissance THE port sector undoubtedly, represents a key ingredient of the dynamics of the national economy. The two operational seaports, the Karachi Port Trust (KPT) and the Port Qasim...		The WTO fatigue AS the crucial make-or-break talks resumed at the WTO headquarters in Geneva last month with negotiators finding themselves pitted against the heavy odds of achieving in three months what they have...
Stocks creep back above 8,500 level, up 3.5 per cent SHARE values on the Karachi stock market are steadily inching towards their pre-March level and analysts predict the developing scenario - both on corporate and political fronts...		Decline in rupee value persists BOTH demand and supply of dollar existed in the local currency market amid subdued trading this week. However, the week commenced on a negative note in the inter-bank market on October...
Banks seek discounting from SBP to meet liquidity needs ON October 7, the banks’ went for heavy discounting from the State Bank of Pakistan to meet their liquidity requirements on the last day of cash reserve settlement with the central...		Arrivals keep wholesale rates under tab THE Karachi wholesale commodity markets closed on a steady note last week as prices of some essential items showed minor upward changes under the lead of wheat and pulses....