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December 24, 2006 Sunday Zilhaj 02, 1427 Is there another way? The people of Pakistan endured the pains of privatisation, liberalisation and deregulation on the promise that gains were to follow. While GDP grew from $31 bn in 1985 to $130 bn... Rural sector at ‘feeding’; urban at ‘milking’ end LAHORE: The government partly deregulated the agriculture and trade sector but did not create institutions necessary for such a transition, with the result that farmers, especially smaller ones and consumers are suffering.... Banks reaping rich dividends KARACHI: There are no two opinions that the banking sector benefited the most from privatisation and entered into a record profit-making environment from the loss-making era of 1980s and 1990s.... Economy moving steadily on right path: Salman ISLAMABAD: Prime Minister’s Adviser on Finance Dr Salman Shah has said that despite experiencing difficulties on some fronts, the economy is poised for further improvement in coming years.... Need to protect consumer interest LAHORE: In 15 years since 1991 when Pakistan embarked on its journey to create a market-based economy in a really big way, the calls for bolstering a regulatory infrastructure to protect... No clear alternatives in sight KARACHI: Leading political parties support market reforms but were critical of their management by President Musharraf’s government. They... Brokers make big fortunes KARACHI: The privatisation of state-owned units during the last decade has boosted stock trading both in terms of volume and index level and pushed the country’s bourses on the top of emerging markets.... In search of their role KARACHI: From the doves such as Mian Mumtaz Abdullah, to the hawks of the likes of Khalid Mirza, the Securities and Exchange Commission of Pakistan (SECP) has seen more than half... Policy package multiplies economic hardships KARACHI: The teeming millions in Pakistan living in abject poverty worked tirelessly for the last 20 years but situation has not changed much for them.... Base of manufacturing still too narrow KARACHI: The business community gives a mixed view on the performance of the economy over the last 20 years in terms of capital formation. Some say that the economy has registered... Textile begs for attention KARACHI: Despite the fact that the government has been introducing reforms to implement liberalisation and deregulation with the objective of streamlining and simplifying systems by removing bureaucratic snags but the textile... Property dealers ask for more REAL estate developers have complained of discrimination between the foreign and local investors by the present government that has offered lucrative incentives to foreign (UAE) builders while taxing the property transactions at home with two per cent CVT.... High prices nullify impact of rising income KARACHI: Irrespective of the rise in income of people during the last 20 years – it seems that the meteoric rise in essential items’ prices has nullified the impact of rising income.... High input costs harm agriculture sector in NWFP PESHAWAR: Rising prices of pesticides, fertilizers and other inputs, such as electricity, water and labour cost, have been the prime reasons of dwindling agricultural sector in the NWFP.... Majority still grinding under poverty KARACHI: Overall the privatisation has so far claimed the jobs of more than 150,000 employees of public sector enterprises including over 28,000 from the banks and financial institutions since 1991, alleges a well-researched document of Action Aid International Pakistan.... Asian Bank offers $320m funding ISLAMABAD, Dec 23: The Asian Development Bank (ADB) has approved a new $320 million funding to help improve access of Pakistan''s poor to wider financial services.... $1bn investment planned for weaving sector ISLAMABAD, Dec 23: The Textile ministry has proposed more than $1 billion private sector investment in the weaving sector for setting up of 40,000 new looms to enhance the production of quality fabrics.... India’s economy to boom in ’07 with slow demand MUMBAI, Dec 23: India''s economy will continue to boom in 2007 but analysts say demand will slow as its central bank hikes interest rates to curtail consumer spending and higher prices.... No appeal forum for anti-dumping cases ISLAMABAD, Dec 23: The government is yet to establish an appellate forum against the findings of the National Tariff Commission (NTC) in cases of anti-dumping, which is a violation of the Anti-Dumping Duties Ordinance-2000.... Many states plan to switch their dollar reserves to euro RIYADH, Dec 23: Oil rules geo-politics, the old cliché says and how true indeed!... SECP hires experts ISLAMABAD, Dec 23: The Securities and Exchange Commission of Pakistan (SECP) is in the process of hiring a team of professionals for its regional office in Karachi.... Mango may get access to US markets: Bosan MULTAN, Dec 23: Federal Minister for Food, Agriculture and Livestock Sikandar Hayat Bosan said on Saturday that Pakistani mango is expected to get access to lucrative US market next mango season.... Carpets, surgical goods export declines ISLAMABAD, Dec 23: Pakistan’s export of traditional products — carpets, sports, surgical, leather, footwear and footwear -- have recorded more than 40 per cent decline during the first five months (July-November)... SBP picks up Rs35bn KARACHI, Dec 23: The State Bank of Pakistan on Saturday siphoned off the liquidity it left in the market after poor sale of treasury bills in the auction held on last Wednesday.... China against banks’ insurance business BEIJING, Dec 23: China''s top banking regulator has warned against allowing the country''s commercial banks to set up insurance companies, saying successful combinations of the two businesses are rare, a Chinese paper reported on Saturday.... Refund system FAISALABAD, Dec 23: The Central Board of Revenue (CBR) is launching a pilot project, comprising software database from January 2007 to streamline the refund system pertaining to different claims, categories and claimants....

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