Economic growth on a broader canvas
A ROSY economic outlook for 2006 from the ministry of finance ought to be welcome. While it looks up in terms of GDP growth rate, the ministry is honest enough to...
Rozgar scheme deeply flawed
THE government is now trying to contain the widespread discontent with a number of half-baked and hurriedly put-together economic programmes. The latest is the President¹s Rozgar scheme launched early this month....
Will surge in imports lead to higher export?
IT is generally argued that in many developing countries, exports are crucial for the economic development as they help generate foreign exchange necessary to finance imports which are used as inputs in the export production process....
Bureaucratic wrangling in agriculture research
THE Pakistan Atomic Energy Commission (PAEC) established its research laboratory, the Atomic Energy Centre (AEC) at Lahore in 1961. The biologists continued working at the AEC till a Radiation Genetic Institute...
Returns on inter-cropping in sugarcane cultivation
SUGARCANE is an important cash crop of Pakistan. It has helped in the growth of sugar industry, uplifted the socio-economic conditions of farmers, and contributed in the economic development....
Human behaviour linked to parasitic zoonoses
POPULATION growth has necessitated migration of people to new regions. Exploitation of new areas for cultivation, and roads and resources development such as water, dam and irrigation systems have impacted the emergence of parasitic zoonoses....
Scientific beekeeping for exports
SCIENTIFIC beekeeping is quite new to Pakistan, though the practice of honey hunting and keeping bee-hives in homes has been there for thousands of years. It has gained popularity , mainly in NWFP over the last 25 years....
Disaster management strategy: a far cry
RECENT rains have once again exposed the poor disaster management skills of the government. Time and again it was reaffirmed by the authorities that the disaster management would be established at district level across the country....
Encouraging capital goods’ production
THE expected tour of Prime Minister Shaukat Aziz to China during last week of September, followed by the visit of President Hu Jintao to Pakistan in November this year, will pave...
Stiff opposition to changes in banking sector
INDIA’S banking sector, growing briskly – with overall lending expanding at a hefty 25 to 30 per cent clip – has been ripe for mergers and acquisitions for quite some time....
How to improve civic services?
THE recent heavy rains experienced by the country, particularly the metropolitan city of Karachi, have played a havoc not only with civic life, but also with the economy as well....
Critical questions in foreign investment
FOREIGN direct investment (FDI) inflows have increased in the last two financial years, peaking at $3.5 billion during 2005-06. The figure was 131 per cent higher than $1.52 billion for 2004-05....
Revisiting poverty reduction strategy
THE federal government claims that the economic opportunities created by the high economic growth has brought down the ratio of population living below the poverty line from 34 to 25 per cent....
A case for subsidising housing finance
IN recent months, doubts have been expressed about the benefits of economic growth trickling down to the masses. There are indications that in countries with huge populations (China, India, Indonesia, Pakistan, Mexico, Bangladesh, etc.)...
Tackling distributive injustices
A RECENT research paper by a leading US investment bank (JP Morgan Chase Bank) has commended most aspects of the current state of Pakistan’s economy except the social sector and the fast deteriorating current account situation....
Undiminished business costs
THE government has failed to reduce the cost of doing business. It is unable to provide inexpensive and timely infrastructure facilities such as land, electricity, gas etc to the local and foreign investors....
Need for a robust privatization
OPPOSITION leaders, including several from the Muttahida Majlis-e Amal, have opposed the privatisation of profit-making public sector units, particularly the utility companies. They fear that the private sector managements may raise their charges arbitrarily....
Rupee comes under pressure
Bearish trend was witnessed in the currency market on the week’s opening day as rupee lost it lustre modestly due to the tight supply of dollars owing to the weekly holiday in the United States....
Central bank auctions Treasury bills worth Rs16.963bn
AT the auction on September 13, the State Bank of Pakistan sold Rs16.963 billion of three-month, Rs1.437 billion of six-month bills and Rs1.387 billion of 12-month Treasury bills....
Slow trading contains price flare-up ahead of Ramazan
TRADING on the Karachi wholesale markets was relatively slow last week as both, retailers and wholesalers did not opt for panic-buying by managing to contain any possible price flare-up ahead of Ramazan....