Delayed offering makes GDR less attractive
THE much-awaited GDR offering of Oil and Gas Development Company (OGDC), promoted as Pakistan’s largest ever, fell short of expectations in terms of size and pricing with a negative impact on OGDC share price in the local stock market....
Foreign trade, manufacturing
THANKS to liberalisation, the foreign trade sector including manpower export, is over $50 billion in a $140 billion plus GDP....
Western retail giants eyeing local market
THE US Wal-Mart — the world’s largest retail chain —has tied a knot with Sunil Mittal’s, the Bharti Enterprises to enter into India. If all goes well, it will open its first outlet to Indian consumers by August 2007....
Timely planting for increased wheat productivity
WHEAT, a major staple food crop, is cultivated over an area of 8.3 million hectares while its share in agriculture is about 13.7 per cent. It accounts for nearly 40 per...
Cultivation of bulbous flowers in Pothwar
THE Pothwar region has been bestowed with comparatively moderate climate quite suitable for the production of exotic bulbous flowers, especially the winter and early spring bulb flowers due to less water requirement compared to summer flowers....
Market interest rate: a myth
PAKISTAN has, more under the influence of international financial institutions rather than by its own choice, espoused the philosophy of market economy. Accordingly, market forces are to decide production, consumption and allocation of resources among various users and purposes....
Energy efficiency practices
USING energy efficiently is essential if we are to meet future energy needs and see a global transition to sustainable energy sources. It requires effective conservation and efficiency which are low cost options....
Dedicated gas fields for power generation
THE growing power shortages are limiting industrial expansion for which urgent remedies are being sought by the government. It is proposed to revive gas fields (otherwise uneconomical) which would be dedicated to power generation....
Real estate firms attracting foreign investment
INDIA’S real estate sector has never had it so good. Demand for all kinds of properties — residential, commercial, retail and entertainment — is soaring. So too are the prices....
Basel II: where we stand
THE Basel II Accord is regarded by some as the biggest challenge faced by the global banking industry in quite a long time. Almost everyone in the banking community is now...
Challenges facing Islamic banks
ISLAMIC banking industry has been trying for the last over two decades to extend its outreach to bring it at least to the level of conventional banking....
Champions of free market blocking globalization
Globalisation continues to be a game of the rich. The rich nations make the rules of the game and change them any time they feel their ‘ national interests’ are threatened....
The rise and fall of real estate prices
SHIRAZ Mahmood, a fresh graduate with a B.Com. degree from a private college, actively hunted for a respectable job back in 1999. He couldn’t find one even after months of efforts....
Will free trade accords help?
A Free trade agreement is a two-way transaction. It is based on reciprocity. What one country gives by way of tariff concessions, the other country returns in equal measure, with certain exceptions for brief periods....
World commodity report
Following a week of fluctuations, prices finished higher because of export problems in Alaska and Nigeria. Movements tended to be exacerbated with slower trading because of the Thanksgiving holiday in the United States. Prices began the week lower before rebounding by more than $1.30 on November 21, as bad weather interrupted exports from Alaska...
Stock market undergoes massive pruning
THE Karachi Stock Exchange last week received a massive battering as negative news followed in quick succession but what proved the last straw were the below-market expectations of the GDS price of the OGDC....
Rupee under pressure on heavy $ buying
THE local currency remained weak versus the American dollar and the European common currency in the local market amid fluctuating trend this week Heavy dollar- buying was seen exerting pressure on the rupee to break Rs61 barrier at times....
Liquidity drained out of money market
ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended November 18, 2006, both notes in circulation and those issued decreased....
Brisk trading amid improved supplies
THE Karachi wholesale commodity markets passed an active trading week as most of the essential items attracted alternate bouts of buying and selling despite reports of steady arrivals from the upcountry markets and selling by the leading importers....