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May 21, 2007 Monday Jamadi-ul-Awwal 04, 1428 Risks and gains in voluntary pension system Ask a teenager what he would do to earn a living after he turns 60 he is likely to laugh it off. Time is on his side.... The gaps in development spending THE National Economic Council (NEC) is meeting in Islamabad on May 31 to firm up various budgetary proposals, including a Rs535 billion Public Sector Development Programme (PSDP), for 2007-08....   Baggage, gifts schemes and the heavy vehicle industry A more than Rs13 billion heavy commercial vehicles industry has been hit these days by what the investors call ‘unbridled import’ of used buses and trucks from Japan under baggage, gift and transfer of residence schemes.... Snags in soybean marketing Dr Ali Muhammad Khushk & Mumtaz Ali Joyo... Global warming may turn Pakistan into a desert Pakistan may become one of the worst hit country because of the global warming and there are signs of it turning into a desert due to water scarcity.... Value addition in floriculture VALUE-added floriculture is a process of increasing the economic value and consumer appeal of any floricultural commodity.... Public-private venture to develop farming ENCOURAGING public-private venture to develop farming could help obtain six to eight per cent growth of agriculture sector, a longstanding objective of the government. Against this, average annual growth in the... Sugar industry: what it is and what it can be? THE sugar industry is the second largest with a six per cent weight in the large-scale manufacturing industry, and plays an important role in the national economy.... World commodity report Oil prices drifted lower after official US government data revealed growing energy stockpiles. The US Department of Energy said in a weekly... Women managers and corporate success Women managers are progressively entering the corporate world and have began. efficiently managing businesses across the globe. Women bring their exceptional qualities and exclusive strengths to workplaces that impact organisational performance.... Tourism overview In the recent decades, tourism has become a primary economic activity for many countries and it is considered as a major source of employment, household income, a source of foreign exchange and a revenue earner for national and local governments.... Mounting non-productive spending The federal budget 2007-08 is to be presented on the eve of the elections and in the background of the judicial crisis and the Karachi incident.... Energy crisis to retard economic growth THE searing summer heat of May makes it one of the worst months to be in India. Thousands of affluent Indians are able to escape the harrowing summer days by jetting off to Europe, the US or the Far East.... NWFP’s industrial growth at a low ebb Industrial growth in NWFP was at the lowest ebb over the past two years despite the incentives offered under the first-ever provincial Industrial Policy 2005 to attract investment in labour-intensive industries to create jobs.... ‘Takaful’ windows Recently, there has been a growing demand from the conventional insurers requesting the authorities to allow window Takaful operations in their companies. It shows their half-hearted approach to the issue.... Expanding OECD’s global reach In a significant move the 30-member Organisation of Economic Cooperation and Development (OECD) agreed in Paris at its two-day 2007 Ministerial Council meeting last week to invite Chile, Estonia, Israel, Russia... Farm tax : a must for the provinces Two major proposals have remained before successive governments for over 30 years now. They are: levying of proper income tax on the large farm incomes and the crop insurance.... Political economy and the culture change Business management is undergoing a culture change with the market contributing well over 80 per cent of the GDP. More and more corporates are opting for the best international business practices.... Dollar shines During the week under review, the rupee shed 28 paisa to a dollar, falling to 60.79 a US unit on May 18 from 60.51 on May 11.... Foreign investors resume buying selected stocks A STRONG weekend rally enabled the stock market last week to finish with clipped losses signaling that the worst may now be over and there could be some pleasant surprises in the next trading week.... Rupee value slides on dollar demand The local currency came under renewed pressure against the dollar and euro this week. Bearish sentiment was observed in the interbank market on the opening day of the week, as it... Approved foreign exchange declines by Rs4,521 million According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2May 5, 2007, both notes in circulation and those issued increased in the week.... City violence keeps commodity market subdued PHYSICAL activity on the Karachi wholesale commodity markets failed to pick up during the previous week as both brokerage houses and commercial traders most of the time stayed out owing to city violence followed by strike on Monday....

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