The loan write-offs
IN his address at the Institute of Bankers on July 26, 2003, the former SBP Governor Dr Ishrat Husain disclosed that loans worth Rs23.5 billion were written off during 1999-2003....
Power load-shedding: chasing the shadows
WHEN you ask the top policy makers why in all these seven years of their rule they had failed to add even one single extra MW of power to the installed...
Rationale and the process of privatization
IN recent weeks, the rationale as well as the process of privatization of state-owned enterprises came under attack, largely for valid reasons. Without going into specific cases (subject of ongoing lawsuits)...
Official policies for crop management flawed
THOUGH, agriculture is the main stay of Pakistan’s economy but major crops, accounting 35.2 per cent of the value-added declined by 3.6 per cent in 2005-06, while minor by 1.6...
Health benefits of grapefruit
Grapefruit occupies a high place among the citrus family because of its flavour, appetizing properties and refreshing qualities....
Mango tree mortality
MANGO tree plant suffers from various insect pests and diseases. Currently, mango trees are dying suddenly at the rate of 2-20 per cent, depending upon the severity of disease and management by the owners of mango orchards....
Managing ‘aflatoxin’ in chilli crop
CHILLI, an important crop of Pakistan, is cultivated on 64.53 thousand hectares with 122.89 thousand tons of production....
Value addition in smart textiles
THE lack of technological advancement in Pakistan has restricted cotton’s presence in home textiles. These days when textile fibrous materials are becoming an integral component in bridges, architecture, combat vehicles, automotives,...
Myth about SBP’s autonomy
THE monetary policy is designed to maintain monetary and credit expansion at a pace required to achieve targeted economic growth and inflation rates....
Political premium on oil prices
THE international crude prices briefly surpassed $78 a barrel on July 14, after Israel’s military attack on Lebanon raised fears of a wider Middle East conflict and possible disruption of oil supplies....
Is EPB really promoting exports?
NO doubt, Pakistan’s exports have almost been doubled over the past seven years but mainly because of the efforts by individual exporters and not due to the Export Promotion Bureau (EPB)....
Interest rates raised to contain inflation
WITH inflationary worries still haunting the federal government, the Reserve Bank of India (RBI), the country’s central bank, last week once again decided to go in for a hike in a key interest rate....
Access to pharma market
THE global pharmaceutical industry, which has its origin in the apothecaries of medieval Europe, has grown into a giant. Single brands of some of the drug products alone enjoy worldwide annual sales of $2-4 billion each....
Focus on business strategies
STUDY any top chief executive officer (CEO) anywhere and it will be so obvious, so quickly, that they are all busy thinking, reflecting and challenging the other best minds on ideas...
Financing the IT business
INDIAN companies exported $19 billion in the form of information technology (IT) and information technology enabled services (ITES) in 2004. Their example is not unique; Russia, other eastern European countries as...
Is fate of Doha development round sealed?
THE collapse of a crucial round of trade talks last week between influential six nations – apparently a last-ditch effort to hammer out a compromise deal — at the World Trade...
First garment city planned in Faisalabad
A number of constraints being faced by the textile sector and the delay in implementing various official decisions have resulted in slow realization of the exports and foreign investment potentials....
Producing a larger exportable surplus
SOME of the critical bottlenecks which usually slow down economic growth or make it uneven, have now been identified by the top rulers and need to be eliminated....
Price hike on the eve of Ramazan
JUST a few weeks ahead of Ramazan, the prices of essential items are showing an upward trend, posing a serious challenge to the authorities committed to keeping the prices stable....
World commodity report
GOLD prices have fallen in recent days, pressured by a stronger dollar and the retreat in oil prices. In the London market, gold fell 2.7 per cent to a three-week low on July 24 as a rise in the dollar and easing oil prices...
KSE maintains upward thrust despite negative developments INVESTORS at the Karachi Stock Exchange ignored the negative developments on political front at the fag-end of previous week. The leading among them followed the basic market fundamentals rather than sail with the under-current of bad news....
Rupee/dollar parity moves both ways
THE rupee/dollar parity moved both ways in the local market last week. On the opening day of the week in review, the rupee held its last week’s closing levels versus the dollar and traded unchanged at Rs60.28...
Bank borrowing falls by Rs2.132bn in a week
ACCORDING to the weekly statement of position of all scheduled banks for the week ended July 15, 2006, deposits and other accounts of the scheduled banks stood at Rs2,808.818...
Prices of essential items post gains
A SHARP increase in the prices of IRRI varieties featured last week’s trading on the Karachi wholesale markets where other essential items also rose in sympathy with the raise and due to short supplies....