Protecting investors from market abuse
THE expected controversies in the run up to the implementation of client-level netting (CLN) on March 5, 2007 have produced an unexpected outcome. Just days before implementation of CLN in regular...
External debt: a false sense of achievement
PAKISTAN’s official external debt has not gone down since 1999 although it has received record aid, investments, and remittances flows. It has gone up to $36.9...
Sukuk— eyeing the future
OVER the last few years, Islamic finance has experienced tremendous growth. The current market for Islamic financial products is estimated at over $265 billion and is predicted to grow at 12-15 per cent per annum over the next 10 years....
Switching over to direct rice seeding technology
A CONFERENCE of Rice-Wheat Consortium for the Indo-Gangetic Plains was held in Nepal in the middle of February 2007. The Indo-Gangetic plains comprising Nepal, India, Pakistan and Bangladesh have 13.5...
All about bitter gourd
BITTER gourd is a member of the Cucurbitaceous family, and a relative of squash, watermelon, muskmelon, and cucumber. It is considered as an ancient vegetable and is a native of the tropics....
Maize: cereal with a variety of uses
MAIZE ranks third most grown crop in the world with an area of more than 118 million hectares with an annual production of about 600 million metric tones....
A costly delay in fertiliser project
Fertiliser Policy 2001 was designed to encourage investment in the sector to meet the growing domestic demand of urea and other fertilisers....
Rice exports and the official support policies
TALK to any rice dealer, from a small farmer to millers/wholesalers and brokers in Jodia Bazaar (Karachi) or Akbari Mandi (Lahore) — one thing will become clear to you: — the rice industry is in a panic....
Reducing vehicle emissions in big cities
FUEL quality and vehicle emissions are closely linked and affect the level of air pollution. The widespread consumption of low quality fuel combined with a dramatic expansion in the number of...
Production cost and cement price
INDIA’S per capita consumption of cement, at 125 kg, is among the lowest in the world. Most of the rural poor, who live in mud huts, and even a significant number...
Land bank — a quest for equity
THE government is taking an initiative to unlock the potential of millions of acres of state and private land for industrial, commercial and housing use under a pre-defined land-acquisition and disposal mechanism....
‘Takaful’ options for insurance cover
Currently, there is a significant number of people who obtain insurance cover from conventional insurance companies because they have no choice for an Islamic alternative. Once such an option is available...
Achieving the $45 billion export target
A LEAP in exports from $16.5 billion last year to $40-45 billion by 2013 would be a big jump. But it would be achievable only with better strategy and aggressive efforts....
Price volatility and insider trading
IF the Securities and Exchange Commission of Pakistan (SECP) had the time to go through the studies put out regularly by the Financial Services Authority(FCA) of the UK on insider trading,...
Apparel industry, human skills and management practices
Apparel manufacturing is a labour-intensive industry, which employs 700,000 persons and relies more on the skills of individual workers. The growth of this sector is very important for employment and export earnings....
World coomodity report
OIL prices rose to nearly $62 a barrel following a surprise draw in US crude stocks and a deep drop in gasoline inventories. US crude was up 14 cents a barrel at $61.96...
Client-level netting issue settlement boosts market
A STRONG mid-week rally linked to amicable settlement of the Client-level netting (CLN) issue boosted trading on the stock market last week as investors’ fear about its negative fallout on their exposure limits were allayed....
Rupee stable against dollar on financial inflows
HEAVY inflows of remittances from the overseas Pakistanis and significant rise in the direct foreign investment (FDI) this week continued to improve dollars'' supply in the local currency market....
Credit growth for private sector drops
ON March 9, banks borrowed Rs25.025 billion from the State Bank of Pakistan. This was because of the settlement day, which demands meeting the weekly cash reserve requirement....
Market activity remains confined to pulses
SHARP decline in price of pulses highlighted trading on the Karachi wholesale markets last week where leading importers indulged in panic selling followed by reports of larger imports and fears of price crash....