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June 18, 2007 Monday Jumadi-us-Sani 02, 1428 Real income rise stymied by low agricultural growth, high food inflation The government frequently points to the increase in the number of mobile phone users as an evidence of progress. But this argument misses some crucial points.... Achieving tax targets in an election year “It may be difficult but not impossible” to mop up Rs1,025 billion tax revenue and attain a GDP growth of 7.2 per cent that translates into a cool Rs600--650 billion jump in the size of economy during the fiscal year 2007-08....   Productivity and decent living People are not destined to live a life devoid of basic needs that define decent living status.... Why cotton is a problematic crop? COTTON, which is also known as ‘white gold’, is an important crop in many developing countries. The yield of the crop is dependent upon the environment in which it is grown... Living with organic inputs HEALTHY soil is a combination of minerals, rock, water, air, organic matter (plant and animal residue), micro-organisms, including bacteria, fungi, protozoa and a variety of insects and worms.... Strategy to enhance tomato production TOMATO is a major vegetable which has achieved tremendous popularity over the last century. It is grown commercially wherever agronomic conditions permit. Tomato, both for processing and fresh market, has become one of the most important crops in agriculture....ture.... Neelum-Jhelum hydropower project in doldrums In his budget speech, the Minister of State for Finance Mr Omar Ayub Khan said: "Today, I hereby announce the construction of Neelum-Jhelum Project, which will cost Rs84.50 billion.”... Federal budget disappoints NWFP THE federal budgetary proposals for the financial year 2007-08 are unlikely to mitigate the deep-rooted poverty in NWFP. Rather, it is feared that the new taxation measures would adversely affect its weak industrial base.... World commodity report The International Energy Agency in its June monthly report said world oil demand will rise more quickly this year than previously thought. The IEA lifted its forecast for 2007 growth in world oil... Rising direct taxes A redeeming feature of the new budget is the projected increase in direct tax recovery to Rs408billion or around 40 per cent of the total tax revenue target of Rs1.030... Lowering debt-to-GDP ratio The government wants to reduce the national debt to GDP ratio to 20 per cent from about 50 per cent now over a period of 10 years, says Dr Salman Shah, advisor to the prime minister on finance.... Major firms eyeing expanding biotechnology sector INDIA’S biotechnology (BT) sector, which shows immense potential for growth, continues to expand at a hefty pace.... Consumers left at the mercy of the market While many factors are responsible for skyrocketing prices of essential commodities, half- hearted measures by special magistrates have also not been helpful in ensuring price stability.... Capital market and finance bill Finance bill 2007 has been welcomed by the stock brokers but termed neutral to negative for the stock market by securities analysts.... Computing manufacturing growth IN 10 months of this fiscal year, the overall manufacturing sector grew by 8.45 per cent and the large-scale manufacturing sector (LSM) by 8.75 per cent.... Pro-poor measures: a mere trickle Tossing a few coins to get rid of pestering beggars is a pro-poor act but does it help in their poverty alleviation? Does it impact all the beggars there are in... Bribery in ‘national interest’ Corruption in high places and that too in rich countries like the UK were never considered anything bad.... Post-budget KSE rally sustained DESPITE stray profit selling at the fag end of the previous week by some leading foreign investors in bank shares, the post-budget rally was well sustained on the share market on active follow-up support.... Notes in circulation fall by Rs2,137m The State Bank of Pakistan conducted the Open Market Operation (OMO) on June 13, presumably to suck excess liquidity from the market.... Banks to borrow from IFIs In a major move, the State Bank issued a circular on June 15, allowing banks to borrow foreign currency funds from international financial institutions and convert the same in the rupees for liquidity management.... Fresh increase in post-budget market prices PRICES of some essential items on the Karachi wholesale commodity markets, during the post-budget trading week, witnessed fresh increase instead of showing any decline, as subsidies failed to check fresh flare-up, floor brokers said.... Rupee firm In the post budget session, the rupee showed mixed sentiments versus the dollar and euro. There has been sufficient dollar supply due to increase in the remittances by the overseas Pakistanis, during the current fiscal year so far....

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