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June 04, 2007 Monday Jamadi-ul-Awwal 18, 1428 Real income growth lags behind Asia Pakistan ranks as the seventh most dangerous country after Iraq, Sudan, Israel, Russia, Nigeria, and Columbia in a 121-nation study by the Economist Intelligence Unit.... Women empowerment and economic uplift Heading home at 10:30 pm, after working 14 hours, Aliya rests her head on the window sill of the factory bus. As the evening sea breeze brushes against her haggard face,...   The worrisome export trends The affairs of the Trade Development Authority of Pakistan (TDAP) are being run under an ordinance rather than by a law passed by the National Assembly (NA) and the Senate after a thorough debate on export strategy and policy.... Improved method for raising rice nursery RICE is grown here under diverse climatic and edaphic conditions. Basmati predominates in traditional rice tracts of Punjab. Temperate Japonica rice is grown in Swat at high altitude in the mountainous valleys.... Economic status of small farmers IN developing countries agriculture continues to be the main source of employment and livelihood for between 50-90 per cent of the population.. And small farmers constitute the majority, up to 70–95 per cent of the farming population.... Hazards of sewage irrigation FAISALABAD, one of the largest industrial hubs, currently has more than 250 industries. These industrial units discharge untreated effluent containing high levels of soluble salts, heavy metals, aromatic dyes, inorganic salts,... Revamping seed supply system One of the many reasons for low crop yield in our country compared to world averages and wide gap between potential and the actual yield is sowing impure, uncertified and unapproved seed.... Poverty-related projects face closure The Asian Development Bank’s (ADB) total loan commitment to Pakistan since commencement of its operations in 1968 and up to December 31, 2006, comprised 239 public sector loans amounting to $16.3... Hard times for chemical industry The industrial chemical industry is passing through difficult times. According to the recent reports, at least six production units have closed down, while the rest are beset with problems.... NWFP’s ambitious development plan THE North West Frontier Province government is set to announce a Rs32 billon Annual Development Programme (ADP) for the financial year 2007-08.... World commodity report The International Cocoa Organization (ICO) forecasts a 2006-07 world cocoa crop of 3.44 million tones, which is down 7.4 per cent on the year. It forecasts grindings at 3.55 million tones, which is up 1.8 per cent on the year. Ivory Coast, the largest cocoa producer,... The difficult business of rail freight containers THE Indian government opened up a key sector of freight movement — the railway freight containers business — to private players about two years ago. But movement has been rather slow,... Industry-specific incentives Pakistan''s manufacturing and industrial sector suffers from various structural problems causing slow growth of output and exports, low level of investment and high concentration of manufacturing industries.... Budgeting for the poor Pakistan’s economy faces four challenges today- stagnant real investment, rising inflation, growing poverty and increased concentration of wealth.... Taxing new mobile phone connections Reduction or elimination of the current activation tax on new mobile phone connections is essential if the mobile industry is to continue attracting foreign direct investment (FDI) in the telecommunications sector.... Rebalancing in major economies Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies to foster high and sustainable growth in member countries. The latest one issued late last month (May) covers the outlook to end-2008.... Consumer loans fall as interest rates rise In nine months to March 2007, disbursement of consumer loans fell 42 per cent to Rs38.8 billion, from Rs67.2 billion in a year-ago period (See Chart).... Bogus tax refunds The on-going reforms in the Central Board of Revenue (CBR) may have given a pleasant physical look to the tax collecting arm of the government but some operational legacies still haunt its various departments.... Too many ministries stifle exports PRIME Minister Shaukat Aziz has said that exports in this financial year will marginally miss the target of $18.6 billion, but the economic growth will be above the target at 7.2... KSE index closes at 12,933 with a gain of 200 points THE Karachi Stock Exchange 100-share index last week breached through the psychological barrier of 13,000 points, but failed to sustain it on weekend selling amid briskly traded sessions throughout the week.... Dollar selling In May 2007, the State Bank continued dollar buying and selling in inter-bank market. But bankers say it is difficult to ascertain whether it ended up as a net buyer or a net seller of foreign exchange during this month.... Approved foreign exchange increases by Rs3,293m The State Bank of Pakistan (SBP) sold Rs16.0 billion worth of Treasury Bills in a one day repo operations at 7.75 per cent.... Fluctuating rupee This week, the rupee managed to display strength versus the dollar in the inter bank market, while breaching the barrier of Rs61 against the dollar in the open market following higher... Ban on wheat export pushes price down THE ban on wheat exports pushed its prices modestly lower during last week as physical activity on the Karachi wholesale market remained slow as mills stayed on the sidelines awaiting further fall....

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