The making of an election budget
THE government seems to have taken a strategic decision to spend its way out of the tight economic situation it has landed itself into, by formulating a formidable budget as well...
PDF with a ‘difference’
THE third Punjab Development Forum (PDF), organised by the provincial Planning and Development (P&D) Department last month, was an event different from the previous two such events....
Crowding out domestic policy ideas
“POVERTY reduction” is the new buzzword of the donor community and all those “bleeding hearts” who wish to see things improve in poor countries. The expression of this pious intention gives...
Returns from goat farming
SHEEP and goat farming has a great scope in Sindh due to climatic conditions, canal network, forest areas, pastures within valleys, grass along canal and road sides, and efficient labour force....
Direct seeding method popular among rice farmers
THE methods of stand establishment can be broadly divided into direct sowing of pre- or un-germinated seeds and transplanting of seedlings. Traditionally, nursery seedlings are raised which are then transplanted in standing water....
Experiments in plant disease management
OKRA or lady finger requires high soil temperatures and day/night temperatures for best production. Soil types, preparation method, time, sowing, seed quality, irrigation, fertilizer applications, inter-culturing etc.,...
Distortions in oil pricing
THE import bill of petroleum products rose by 64.46 per cent to $4.615 billion during the July-March period of the current fiscal year as against $2.806...
World commodity report
THE Organization of Petroleum Exporting Countries (Opec) at a meeting in Caracas, Venezuela decided to leave oil quotas unchanged and keep pumping near full capacity, rejecting a suggested supply cut by host Venezuela....
Tracing the roots of sugar crisis
THE current rise in sugar prices is a world wide phenomenon. In the past nearly half a decade in Pakistan, the average prices paid to the farmers for sugarcane have been...
Marble city with latest technology
Inaugurating the ‘marble city’ at Gaddani in Balochistan, the President General Pervez Musharraf assured the manufacturers that the government would serve as a facilitator to promote the marble industry and its...
Financial gap in rural sector
Agriculture has not received the right priority. Of many hindrances against its progress, the shortage of finance is one of the main bottlenecks. The prices of all the inputs such as...
Foreign investors pulling out of the BSE
THE early onset of the monsoons last week came as a much-needed relief to the United Progressive Alliance (UPA) government in Delhi. The south-west monsoons, which are crucial for the nation’s...
Budget consultation with legislators
The sole stress on indirect taxation (even under the garb of income taxation through presumptive tax regime on goods and services) without evaluating its impact on the economy and the life of common man is a serious cause for concern....
Demands on SBP
THE Governor, State Bank of Pakistan (SBP), Dr Shamshad Akhtar recently identified eight factors, which she viewed as the major drivers of change in the financial industry....
Capital market needs central listing services
THERE are about 663 companies listed at KSE, 524 at LSE and 236 at ISE. In addition, there are companies that have securities other than ordinary shares, such as TFC, listed at the exchanges....
The coming domestic debt challenge
PUBLIC sector borrowing is a continuing affair for developing countries. In developed economies too (e.g. US), it can become a continuing affair, if the state misuse tax revenue at a massive scale....
Competition law to tackle cartels
The government seems to be finally convinced that necessary legal measures are needed to halt the sky-rocketing prices, hurting the people badly. With the approaching 2007 elections, political expediency demands a strict control on prices....
Prices — the supply side solution
THE last hope now for reduction and stability in prices of essential goods lies in the improvement of the supply side. That means not more idle or rhetorical reliance on the supply side of the economy....
Civil society and budget making
THE budget is one of the most important economic policy instruments of the government but it remains a closed process in Pakistan. There is very little research being done on the budget process....
Equities stabilise on PM’s assurance
THE stock market finished the pre-budget week on an easy note but well above its early lows on active short-covering triggered by the Prime Minister’s statement that the exemption on capital gain tax will continue up to June 30, 2007....
Rupee under pressure
THE rupee/dollar parity remained under pressure this week. High dollar demand continued to exert downward pressure on the rupee in the local currency market, where the rupee was seen close to...
Central bank auctions T-bills worth Rs4bn at 8.5pc
THE State Bank of Pakistan on May 31 sold Rs4 billion of Treasury bills in a five-day repo operation at 8.5 per cent. According to the Statement of Affairs of the...
Pre-budget lull in trading as dealers stay away
THE wholesale Karachi commodity markets last week lacked normal trading interest as both, leading brokerage and commercial houses kept to sideline during most of the trading week....