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August 28, 2006 Monday Sha'aban 3, 1427 Rebuilding costs THERE were times when one remembered monsoons for an exciting romantic encounter in the rain but not anymore. Rains, almost everywhere, now tend to be ferocious and unforgiving.... Making a political capital out of economic problems WHEN you try to make a political capital out of an economic problem, it boomerangs on you. It may make you pay dearly both in terms of politics and economy.... Cotton crop hit by rain and pests Towards the close of the third week of this month, the Punjab agriculture minister was reported to have directed the Extension and Pest Warning Wing officials to be, “alert and remain... Pollution-free urban agriculture MANY cities of developed and developing countries have some form of farming activities in and around the urban periphery that include the cultivation of food and cash crops including flowers, garden plants, forestry and animal husbandry.... Economics of poultry production THE human diet is deficient with respect to proteins of animal origin. At present 66 per cent of the population suffers from deficiency in protein. The requirement of protein is 102.7g... Improving fruit and vegetable packaging FRUITS and vegetables are an important sub-sector in the agricultural sector because they are valued as protective food. They are very rich source of minerals, vitamins providing more energy per unit weight than cereals.... Fertiliser marketing practices THE recent increase in the energy prices would have doubled the price of urea, but the government decided to subsidise it by supplying cheap gas to urea manufacturers.... Lack of maintenance — the bane of civic systems ALL hell broke loose in Karachi in the aftermath of just a few inches of rain. Till recently, we had power failures in many areas, with electricity off for hours and even days on end.... Developing business ties with western China THE 21st century is being called ‘the Chinese century’. Just as the US was emerging as the most powerful state in the world at the dawn of 20th century, China is emerging now as a pre-eminent power.... Starting hi-tech enterprises HI-TECH companies are at the cutting-edge of technology and innovation. These companies are started with less capital which yield extremely high rate of return. These are driving the world economies.... World commodities IN the London market, world oil prices rose on August 25 on supply concerns caused by the threat of a tropical storm near the US and fears that Iran may disrupt exports if hit by economic sanctions over its disputed nuclear programme, analysts said.... Trade deficit rises to new levels PAKISTAN’s export performance has weakened and imports continue to soar that has resulted in record trade deficit. In 2005-06, the trade deficit crossed the $12 billion mark.... Tata’s overseas acquisitions INDIA’S leading business group, the Tatas, last week announced the country’s largest-ever acquisition of a foreign firm by a private Indian group. The Tatas are paying $677 million to acquire a... How to make economic reforms more beneficial? DUE to the accumulation of heavy debts, followed by intermittent external and internal shocks in the 1990s, economic mangers were urged by international lending agencies to undertake reforms on a priority basis in order to remove social and economic imbalances.... Small hydro-power units for remote villages THE government has committed to provide electricity to the entire population by 2007. Out of a total of around 130,000 villages, 99,600 were electrified at the end of March 2006.... The reach of economic hit men Conspiracy theories alleging the collusion of large multinational corporations with the spread of the new empire led by the now sole superpower seldom receive serious academic attention.... Outlook for the economy CONSENSUS is emerging in the international donors’ community that inflation and the growing imbalance in the external sector are the two potential risks to medium-term economic growth.... High interest rates to hamper investment BY raising the discount rate of the State Bank of Pakistan (SBP) for three-day lending to commercial banks from nine to 9.50 per cent, the bank signalled further rise in interest rates to combat the persistent inflation.... Shares breach through 10,000-point barrier on nervous selling THE KSE 100-share index last week crashed below the psychological barrier of 10,000 points on massive selling by a leading broker for unspecified reasons followed by panic liquidation by others which led to virtual market collapse.... Rupee resists major fall against dollar THE rupee-dollar parity moved both ways in the local currency market this week. Some mixed sentiments were witnessed in the market.... Rs9.8bn sucked in through Treasury bills auction THE State Bank of Pakistan sold Rs9.8 billion worth of Treasury Bills on August 25 in a six day repo at 8.4 per cent to mop up funds from the money market.... Essentials’ price move both ways on weak demand Physical trading on the Karachi wholesale commodity markets during the previous week remained slow in the absence of strong demand both from the retailers and wholesalers owing partly to higher prices....

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