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September 11, 2006 Monday Sha'aban 17, 1427 Punjab drafts law for pension fund THE Punjab government has finally drafted a law for creating a Pension Fund in order to generate revenues outside the provincial budget for meeting its ever expanding pension liabilities.... Going beyond ‘badla’ and ‘satta’ ON August 30, 2006, SECP has proposed modifications in CFS or ‘badla’ as it is commonly known. These modifications, by means of amendments to CFS regulations, would be interim measures before... Combating corruption: where to start? PETTY corruption in the form of bribery at the lowest levels in government departments costs Pakistanis approximately Rs45 billion annually.... Planning for efficient water delivery ALL five dams, Bhasha, Munda, Kalabagh, Akori and Kurrum Tangi, would be built by 2016. The building of water reservoirs in the upstream reaches of a river will impact the volume of water flowing in the downstream areas.... Medicinal value of Jamun JAMBOLAN or Jamun (syzygium) is an important indigenous minor fruit of commercial value. The tree is tall, evergreen, also grown for shade and windbreak. The fruit possesses considerable nutritive value.... Green-house vegetable cultivation Green-house vegetable production is a highly intensive enterprise requiring substantial labour and capital inputs. Because of this, potential growers should carefully consider all factors necessary for a successful enterprise.... Identification and control of onion diseases ONION is an important bulb vegetable crop which can help in earning foreign currency through export. But in times of shortage it is also imported.... Inventive use of traditional fuel THE people with low incomes living in rural areas depend heavily on traditional biomass- fuel wood, charcoal, animal dung etc, to meet their energy needs.... World commodity report IN the London Market, oil fell to around $68 a barrel on September 04, on expectations of a long delay before the United Nations decides on sanctions against Iran,... Resurrecting Karachi’s infrastructure THE recent monsoon rains caused damages and destruction on unprecedented scale in Karachi. Damages to infrastructure, public and private property and productive assets were colossal.... Privatisation — successes and failures LIKE other developing countries, Pakistan has opted for privatisation to step up its economic growth. Privatisation has also received impetus from poor performance of state-owned enterprises (SOEs).... Import duty scrapped to overcome domestic wheat crisis INDIA is facing a major crisis on the wheat front, forcing the government last week to finally scrap the five per cent duty on imports of the commodity by private players.... Reforming the IMF THE annual meeting of the International Monetary Fund (IMF) and the World Bank scheduled for September 19-20 in Singapore will focus on, “reforming of 61-year-old IMF”.... Is Balochistan turning into an arena of geopolitics? THE situation in Balochistan indicates that the province seems to be turning into an arena of global energy politics. The control of oil and gas reserves and the pipelines that will... Faltering exports, slow growth in manufactures Pakistan’s exports are faltering with the textile exports being more critically affected in a period of increasing global competition.... Upgrading marble quarries IT is better late than never. Finally, the federal government has come up with measures to modernise and effectively exploit the vast potential in the marble and granite sector.... The fall-out of short selling MOST investors buy stocks much the way they buy houses.  They try to buy cheap and sell dear.  Some traders, however, try to accomplish the same thing in reverse order when... IMF for withdrawal of power subsidies THE International Monetary Fund (IMF) is against subsidies to power and agriculture sectors as it says, these create distortions and are becoming a burden on the Pakistani economy.... Fears of economic slowdown affects bourses THE new 30-share KSE index last week made a firm debut on the strength of leading shares which form its base of 10,000 points but failed to sustain the early run-up on selling triggered by more than one inhibiting factors.... Rupee moves both ways THE local currency showed mixed sentiments versus the dollar and euro amid quiet trading in the local currency market this week. The week commenced on a positive note with the rupee displaying strength over the dollar and euro.... Scheduled banks’ assets increase According to the weekly statement of position of all scheduled banks for the week ended August 05, 2006, deposits and other accounts of the scheduled banks stood at Rs2,818.436... Prices of essential items rise on short supply After falling down from their recent peak levels during the last couple of weeks, the prices of some essential items once again rose amid active support on the reports of short supplies....

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