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June 26, 2006 Monday Jumadi-ul-Awwal 29, 1427 The sweetened privatisation deals PAKISTAN seems to have entered into a new phase of economic activity where the privatisation deals have become the in-thing. The sweetest of them all was that of the PTCL sell-off.... Balochistan’s chronic budget deficit BALOCHISTAN is in deep financial crisis and apparently there is no solution in sight right now. For the second consecutive year, Balochistan has come out with a deficit budget for the year 2006-07.... Economic management amid political pressures THE budget2006-07 has aroused a lively, if not always conclusive, debate in the national press and the parliament.... Modernising cattle industry for cheap and quality milk PAKISTAN is a top milk producing country with a huge population of cows and buffaloes. Despite this, the country has always been a net importer of dairy products and dry milk.... Groundnut: a potential crop GROUNDNUT or peanut is one of the important ‘kharif’ oilseed crops. It has an oil content of 50 per cent as compared to 40 per cent of sunflower, 20 per cent of soyabean and 50 per cent of sesame crop.... An insight into sugar crisis THE tussle between sugarcane producers and mills, for the last couple of years, has adversely impacted consumers. The government has not succeeded in overcoming the problem.... Foliar fertilisation for improving harvest RAINWATER provides additional nutrients to plants through leaves. This principle is applied by spraying the foliage with solutions of desired nutrients.... Why Doha talks are collapsing? THE Doha Development Round of trade talks, struggling hard to survive missed deadlines since it took off in 2001, is poised to miss another, a crucial one, set for June 29-July... The methodology to assess poverty THE recently released Economic Survey of Pakistan revealed that the methodology used for estimating the poverty levels in the year 2000-2001 was flawed.... Levy on property incomes IN Pakistan, property is taxed both at the provincial and federal levels. It is subjected to annual provincial tax on its rental value and in the form of registration fee at... Public private partnership in metro project THE urban transport infrastructure in India is pathetic, and except for two or three cities, the mass commuter systems are appalling in the rest of the country.... Stabilising prices of essential commodities THE promulgation of the Sindh Essential Commodities Price Control and Prevention of Profiteering and Hoarding Ordinance, 2006 is a significant improvement over the outdated Price Control and Prevention of Profiteering and Hoarding Act-1977.... Cumbersome refund procedures THE Income Tax Ordinance-2001 was introduced with claims that after its implementation, there will hardly any need left for taxpayers to interact with tax officials. That all returns filed under Section... Will KESC jump the hoop? DESPITE all the reservations that had been expressed by independent observers against privatisation of sensitive utilities such as KESC in particular, the government went ahead and privatised KESC.... Doubling per capita income in six years Pakistan has now a per capita income of $847 as compared to $441 in 1999-2000–the year the national accounts were re-based.... ‘Social safety net’ initiative THOUGH the social security scheme announced in the NWFP budget 2006-07 has not been appreciated by the opposition in the provincial assembly, the move is a welcoming one, particularly for its would-be beneficiaries.... The need for a stiffer monetary control THE world’s leading economists and international financial agencies are agreed on restraining high economic growth rather than let high inflation upset the socio-economic order and eventually retard the high growth itself.... World economies The global economy will maintain moderate growth in the region of three per cent between 2005 and 2010. The US economy will continue to grow at around its potential growth rate,... Market’s upward drive halted by rumours A SNAP sell-off during the weekend session halted the market’s upward drive i.e., beyond the index level of 10,000 points. The fact that the market has managed to hold on some... Rupee weakens against dollar THE local currency market commenced the week on negative note in the inter-bank market with the rupee shedding six paisa versus the dollar on higher demand of dollars by the corporate sector.... SBP picks up Rs14.8bn against T-bills offer of Rs40bn THE State Bank of Pakistan on June 22, picked up only Rs14.8 billion, against the offer of Rs40 billion, leaving huge liquidity in the banking system.... Freight subsidy yet to impact pulses price THE wholesale commodity markets in Karachi passed through a consolidating phase last week as prices on most of the essential counters showed fractional changes in the absence of strong demand both, from the retailers and the wholesalers....

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