Moves towards flexible labour market
THE labour and employment situation has changed a lot over the years. The era of strong labour unions is over. Workers union in public enterprises have more or less evaporated as privatisation gained momentum....
Why mortgage the future?
HUGH Dalton in his book titled “Principles of Public Finance” had deprecated the tendency of the living generation for debt accumulation, based on a questionable reasoning that “what posterity has done...
Evolving market democracy
PAKISTAN has informed the IMF that presidential and assembly elections are scheduled to be held in October 2007. Perhaps, for a better part of the next year, politics will be in...
Controlling diseases in banana cultivation
BANANA is cultivated on about 40,000 hectares of which 30,000 hectares are in Sindh alone. It was introduced in 1913 with seven varieties brought from Mumbai in 1913; 15 from Poona,...
Food security and urban agriculture
THE use of pesticide is affecting human beings worldwide. Many pesticides have been proven carcinogenic and have been banned or taken off the shelves, not allowed for limited use even....
The nutritional value of cucumber
CUCUMBER or kheera” in Urdu belongs to the Gourd family. The other popular vegetables, fruits and herbs included in the family are: pumpkins, squashes, snake-gourds, bitter-gourds, musk-melons, melons, water-melons and several other medicinal herbs....
Foliar spray for plant growth
SOIL medium is an essential and basic component of any agriculture system. Maintenance of soil quality by proper management is important for successful crop growth. While soil provides essential requirements like...
Balochistan’s development hangs on security
ADDRESSING a gathering at Zarghun Gas Field near Quetta, President Pervez Musharraf said that fear of lawlessness was hampering foreign investments in gas and oil rich Balochistan....
Investment avenues in component manufacturing
IT is time to draw upon the experiences of the casting industry worldwide to provide local manufacturers an opportunity to go for technological advancement. Simultaneously, the investment opportunities available in manufacturing sector also needs to be highlighted....
China’s quest for Central Asian hydrocarbons
CENTRAL Asia is blessed with abundant of oil and gas. The Caspian Sea is rich in oil and gas resources at an estimated $4 trillion. Experts estimate that oil deposits of...
Crippling power shortage
WHILE India has made rapid strides in telecommunications and information technology, it has a terrible track record in the crucial power sector. Businesses have to invest huge amounts in inverters and...
‘Textile industry hit by anti-export bias’
THE country’s economic managers cite ‘complexities’ and ‘distortions’ that are created in the economy for their inability to give subsidies to exporters. That’s news for the exporters who are going through...
Good governance —means and ends
DEVELOPMENT is a multipronged approach targeting economic, social, political, cultural, and administrative issues in an integrated manner failing which area-specific issues are difficult to resolve due to their multi-faceted nature even though they may be having a specific focus....
Defence spending and economic development
THE concept of relying on economic development for credible national security is relatively recent one. As experience has shown, a high defence spending often tends to retard socio-economic development and undermines national integration....
Eurozone’s economy on the upswing
THERE is a lot of good news from Europe for the Pakistani exporters. The region, perhaps the biggest market for Pakistani textiles is in a state of boom of sorts....
Developing market for fixed income securities
WITH the resumption of auction of Pakistan Investment Bonds (PIBs), the government is sending signals to the financial sector that time has come for developing the market for fixed income securities....
A new approach to privatisation
PAKISTAN will receive a record $5 billion in Foreign Direct Investment (FDI) in the current financial year, forecasts Adviser to the prime minister on finance Dr Salman Shah....
World economies
AFTER rebounding strongly in the first quarter of 2006 to record 5.6 per cent annualized real GDP growth, the US economy slowed to just below a three per cent estimated growth rate in the second quarter....
STOCK EXCHANGE: KSE index plunges on uncertain outlook THE KSE 100-share index crossed through the psychological barrier of 10,000 points last week and was last quoted at 9,894 points despite positive news from the corporate sector....
RUPEE REPORT: Rupee slips on short dollar supply
THE rupee/dollar parity commenced the week on a negative note as rupee’s weakness versus dollar persisted in the inter-bank market on December 18. The rupee slid four paisa against the dollar...
MONEY MARKET: SBP stance keeps money market tight
THE money market remained tight this week. At the Treasury Bills auction on December 20, the State Bank of Pakistan accepted bids worth Rs16.45 billion, slightly over 20 per cent of...
COMMODITIES: Subdued trading on wholesale markets
TRADING on the Karachi wholesale commodity markets was relatively slow last week as retailers adhered to the sidelines due to an increase in asking prices by the commercial houses....