Stock market bulls: running on borrowed money
THE bulls are back in the ring, and Karachi’s stock market has climbed by 18 per cent so far this year outperforming the rest of Asia and almost all major stock indices around the world....
Pricing scarce industrial land
THE Punjab government is offering land to investors in Sunder industrial estate at Rs3.5 million an acre along with all the infrastructure facilities. The Economic Coordination Committee of the federal government...
Why 40-year tax holiday for the port operator?
THE much-delayed inauguration of the Gwadar port is now expected in March. Meanwhile, a controversy has begun as to why the Singapore-based company, which will operate it, has been allowed a...
Snags in opting for advanced agricultural technologies
THE policy makers are planning to implement modern technologies to increase agricultural output for attaining autarky in food and to have exportable surplus. But they should first analyse as to why...
Cost of building water reservoirs
THE Planning Commission of Pakistan claims to have brokered a consensus report prepared by a high-level committee constituted under the secretary, ministry of water & power on major water reservoirs, including Kalabagh dam....
Wheat yield and food security
Average wheat yield in Pakistan has been stagnant for the last seven years while the population has increased significantly, widening the gap between demand and supply of basic staple food....
Biodiversity vital for soil fertility
FOR better agricultural production and elimination of wild flora and fauna from fields, extensive application of fertilisers and pesticides play a significant role. But excessive use of these inputs have a number of undesirable effect on environment....
‘Gwadar port revenue to be shared by Balochistan’
PORT of Singapore Authority (PSA) International has taken control of the multi-billion dollar Gwadar port for a period of 40 years under the concession agreement signed on February 6 between the Gwadar Port Authority (GPA) and the Singaporean firm....
Conversion of coal into liquid fuel
THE oil market volatility has given rise to a growing sense of energy insecurity among the oil-importing nations heavily dependent on foreign supplies. Geo-political situation, rising international oil demand and severe weather conditions due to global warming have further aggravated insecurity....
Demographic transition
PAKISTAN has been witnessing varying population growth trends, most significant being age longevity achieved through improved nutrition, medical care and a bit of modernisation which not only reduced death rates but...
Drug prices and healthcare
THE Patent Act, 2005, which was approved by the Indian Parliament, has been a contentious piece of legislation, opposed by many activists, who have accused the government of giving in to the international pharmaceuticals lobby....
Launch of National Commodity Exchange delayed
FIVE years after its incorporation, it was announced that operations of the National Commodity Exchange will start from February 7. This did not happen and a new date is awaited....
Quest for affordable power falters
Pakistan is beset with serious power problems for the past 25 years. Except during 1996-2003 when the country possessed surplus electricity generated by independent...
Attacking poverty the conventional way
THE fourth nationwide road show asking people how the 480 million pounds of UK aid for Pakistan could be best spent was held in London on Monday last....
Globalisation’s winter of discontent
FOR over a decade, globalisation has been celebrated as the great economic event of our era. Its protagonists, with the IMF and the World Bank as principal cheer leaders, heralded it...
Visions without concrete results
AFTER trying with large visions in small areas, we are opting for a grand Vision 2030. In fact, the National Economic Council approved the vision in principle in May last year...
Stocks in tight bull grip for 7th week
AS predicted by some leading analysts, the KSE 100-share index last week briefly breached through the psychological barrier of 12,000 points but failed to sustain owning to weekend profit-selling....
Rupee stronger against dollar
TRADING in the currency market remained suspended on the opening day of the week in review, as the government had declared February 5 as public holiday to observe Kashmir Day....
Notes issued and in circulation on the decline
ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2January 27, 2007, both notes in circulation and those issued decreased further in the week....
Market sluggish as traders remain busy in polls
TRADINNG on the Karachi wholesale market failed to pick up to a normal level last week as both brokerage houses and commercial traders mostly remained conspicuous by their absence followed by reports of comfortable ready position....