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May 29, 2006 Monday Jumadi-ul-Awwal 1, 1427 Monitoring development spending NATIONAL Economic Council (NEC) has revealed that in the nine months of FY 05-06, of the Rs204 billion earmarked for the July-March period under PSDP, only Rs103 billion were utilized.... Privatisation boosts foreign investment PAKISTANI officials rejoice over the fact that direct foreign investment during the first ten months of this financial year has exceeded $3 billion as they had projected.... Wheat policy — a success or failure? THE Federal Committee on Agriculture (FCA) had in October 2005, fixed the wheat target for 2005-06 at 22 million tons as against 21.6 million tons harvested a fiscal earlier.... Controlling termite in trees AGRO-forestry is an ecologically based and natural resource management system that by integration of trees on agricultural farms, diversifies and sustains production for increased social, economic and environmental benefit for land at all levels.... Nanotechnology in animal health Nanotechnology has the potential to revolutionise agriculture and food systems. It includes disease treatment delivery systems, new tools for molecular and cellular biology, the security of agricultural and food systems, new materials for pathogen detection, and environment protection.... The neglect of agriculture THE share of agriculture in 1947 was 53 per cent of the GDP which now has declined to 23 per cent. This sector deploys 44 per cent of the total labour... Soaring oil prices make wind energy competitive THE total installed wind power capacity now stands at 60,000 MW. Nearly 50 countries have laws and regulations to support the development of renewable energies such as wind, which are gaining... Thar coal power project: an unrealised dream A power plant based on the Thar coal, which is termed of great national importance, remains a distant reality. It was in 1992 that the Geological Survey of Pakistan (GSP) discovered... Call charges fall sharply in India WAY back in the 1980s, when India’s telecommunications network was in a shambles, it had a minister in-charge of the key portfolio, known more for his arrogance than for his ability to handle the ministry.... Why devolution attempts fail? Decentralisation is a complex concept. For a layman it simply means the transfer of authority and responsibility from the central government to a lower level of government but decentralization can be of different types and levels.... Trends in youth unemployment GLOBAL unemployment and poverty in which the young people have been worst affected in recent years pose a challenge to security and stability of the world.... A difficult time for budget-making RIDING on what our economic manager’s call, “the strong economic fundamentals” during the last three years, the economy is now on the higher growth trajectory.... Piracy issues in softwares TOMORROW, May 30, is the last day of the 40-day grace period granted by the US-based Business Software Alliance (BSA) to the Pakistani companies and vendors engaged in producing and selling... Budgeting a relief package for poor THE country’s budget planners are indicating that the budget for 2006-07 will be “pro-poor and investment friendly” aimed at providing the much needed relief to the common man hit by unchecked price increases.... Growth, income distribution and poverty nexus COUNTRIES which have succeeded in reducing incidence of poverty are those that have achieved high economic growth based on efficient use of physical, human and natural resources while the countries that... World economies ACCORDING to western economists, Afghanistan’s economic outlook has improved significantly since the fall of the Taliban regime in 2001 because of the infusion of over $8 billion in international assistance... Rs54bn wiped out from bourses THE stocks fell across the board last week under the lead of blue chips as panic selling from the forward counter spilled over to the ready section.... Rupee weakens against dollar Weakness persisted in the rupee/dollar parity this week in the local currency market. The rupee commenced the week on a weak note in the inter-bank market.... Notes in circulation on the increase AT the Treasury bill auction on May 24, the State Bank of Pakistan received total bids worth Rs2.2 billion. It sold Rs96.03 million worth of six-month bills, Rs98.17... Ban on export pulls down price of pulses A sharp decline in pulses highlighted trading at the Karachi wholesale market last week. It was followed by the reports that a freight subsidy will be allowed to leading importers of the commodity....

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