November 28, 2005	Monday	Shawwal 25, 1426

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A case for an interventionist policy agriculture and industry are unique and distinct in their characteristics, both in theory and practice. In economic theory, agricultural economics is a separate discipline with its distinct supply and demand functions....		IMF reveals economic weaknesses THE International Monetary Fund released their 2005 Article IV report on Pakistan last week highlighting areas of the economy that have performed well, such as manufacturing, the financial sector and privatization...
Gross inequity in taxation THE tax-GDP ratio has sunk to a low 9.5 per cent despite increasing economic growth and has now become rather static. And that is the lowest in the region....		‘Sheesham’ disease stages a comeback TAHLI (Sheesham/ Dalbergia Sissoo) — a high quality broad leaf, dark brown tree about 30 to 45 feet tall — has spread to almost every area located at 120m to 1,250m...
Cultivating exotic fodder crops THE regular supply of fodder is essential as more than half of the animal feed comes from fodder and crop residues and one-third from grazing in rangelands, wastelands, canal bank, roadsides, other crops, and their products....		Cut-flower business Flowers are the most beautiful gift of Nature to man. Rose is one. The common name of Rosaceae is a large family of herbs, shrubs and trees distributed all over the earth....
Rice productivity and its export US agriculture authorities and researchers are reported to have estimated a jump in rice production in Pakistan from about 4.50 million tons to 5.4 m tones because of higher productivity, increased...		Human resource and the fiscal devolution BEFORE the promulgation of local government ordinances (LGO), the districts and tehsils were directly administered through provincial bureaucracy while elected representatives had formal but not real participation in these local affairs....
Fake seed affects sunflower crop THE oilseed industry has achieved magnificent growth in the last six to seven years, but last year the area under crop received a blow due to the official neglect and unethical practices....		Emergency response centre for disasters IN August 2002, the Sindh Environmental Protection Agency (EPA) formulated a development plan (PC II)for emergency response centre, for Karachi. The project was designed to deal with a range of technological hazards, both man-made and natural disasters....
World economies THE price of world crude has risen by nearly 75 per cent since the beginning of 2005. As a large net oil importer and a comparatively energy-inefficient region, Asia is vulnerable to high oil prices...		Globalization of Indian companies: Mumbai letter INDIAN corporate groups are becoming aggressive internationally, not just in terms of launching their products and services in new markets, but also acquiring overseas ventures and getting their companies listed on international bourses....
Honouring pledges IN the donors conference held on November 19, pledges of $5.8 billion were made which included $3.9 billion soft loans and $1.9 billion in kind/cash grants....		Is ban on plastic bags an option? ARE plastic bags made up of wonder material of the 20th century, known as polyethylene a blessing or a curse? Littered and strewn in every nook and corner of cities, on...
A policy for next generation of industries PAKISTAN Industry Conference 2005 is planned to be held at Karachi on December 2-3, 2005. According to an announcement, the conference will cover topics such as: (i) meeting energy demand of...		KESC’s turnaround IN the recent past, more than one attempt has been made to turn around the performance of Karachi Electric Supply Corporation (KESC). During mid-1990s, the board of directors of KESC was...
Review of copyright enforcement THE International Intellectual Property Alliance, which represents 1,900 US copyright-based companies, is holding a public hearing in Washington on November 30 on its petition filed in 2001, but accepted by the...		Addressing lenders’ concern PAKISTAN has just passed the flag-post of arranging assistance for earthquake relief and reconstruction. But what lies ahead? It’s a major trial, beyond billions. Donors will watch how the funds are being used....
Index settles above 9,000 points level THE price flare-up on stock market continued last week as investors were busy building up long positions, even in highly overvalued shares for no apparent reasons....		Rs22.3 billion pumped into money market ON November 21, the State Bank of Pakistan injected Rs22.3bn into the liquidity short money market. The money was pumped into the system at the rate of 8.5...
Rupee recovers on low dollar demand THE rupee-dollar parity showed a positive trend this week in the inter-bank market. The rupee picked up three paisa versus the dollar trading at Rs59.82 and Rs59.83...		Minor price variations on sizeable arrivals Trading on the Karachi wholesale markets remained modest last week as prices of major essential items, notably sugar and wheat showed minor either-way changes....