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| July 16, 2007 | Monday | Jamadi-us-Sani 30, 1428 |
Consumers and the market discipline
 As the harvesting of three main kharif crops — sugar cane, cotton and rice — draws closer, it begins to unravel the conflict of interest between growers and the industry....
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Stock market: let transparency bring credibility
 KSE-100 index has crossed the 14,000 mark, making a new record. During first half of 2007, it has risen by a staggering 38 per cent compared to a mere five per cent in CY2006....
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Remittances not rising fast enough
 In fiscal year 2006, Bangladesh’s workers’ remittances at $4.8 billion were higher than Pakistan’s $4.6 billion. The trend continued in fiscal year 2007 as well. Whereas overseas Bangladeshis sent $6 billion back home, emigrant Pakistanis repatriated an estimated $5.5...
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Integrated nutrient management approach
 PLANTS like animals require food for their growth. Soil is the medium from where plants derive these essential elements of food. Soil has a limited ability to cope with the nutritional requirement of plants....
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Mesquite: a valuable desert plant
 LOCALLY, Mesquite is called “vilayati babul”. While this tree has many uses, it has a reputation of being a weed and is treated as a undesirable thorny tree in many states, which adversely affects agricultural community....
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Millet as fodder crop
 MILLET (Bajra) is an important grain and a fodder crop. It is a short duration plant and excellent for dry areas because of its potentiality to high tillering, drought and heat tolerance,...
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Power deficit in Balochistan
 In the wake of devastating rains and floods in Balochistan, which have damaged infrastructure and displaced some 400,000 persons in 12 districts, the need for adequate supply of electricity has become...
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Malakand-III power project and NWFP’s industrialisation
 THE Malakand-III hydropower project, having a generating capacity of 81MW electricity, is expected to go into commercial production by the end of this year. But differences have cropped up between the...
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Development through women education
In the back-drop of social restrictions, which limit women’s contribution to economic progress, there is an urgent need to make a concerted effort to enhance investment in women’s education, especially for those living in rural areas....
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World commodities
On July 11, in the London market, the price of Brent North Sea crude oil breached $77 per barrel, as tight US energy supplies and geopolitical jitters in Nigeria fuelled speculative buying....
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Real estate index to track prices
 REAL estate development is one of the most important components of an economy, but in India it has always been neglected. Worse, the industry had in the past been associated with...
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Surging capital inflows and sliding export growth
 The surging capital and financial inflows are catching up with export earnings of merchandise and are close to initially reported exports at about $17.5 billion for fiscal year 2007....
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Record development spending and weak delivery system
 In an election year, record budgets have been presented by the federal as well as provincial governments. Special attention has been paid to development expenditure which has been enhanced substantially —...
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Tax burden on the poor
The adoption of the Finance Bill 2007 by the lower house on June 22 in utter haste, without assessing its impact on the economy and the burden of regressive taxes on...
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Rising economic inequalities in the rich world
 So far globalisation, galloping technological advancements and the emergence of private equity and hedge funds which is called ‘new capitalism’ were viewed in the rich countries as the surest ticket to a non-cyclical economic growth for all times to come....
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Worsening power crisis in Karachi
 The power crisis that people were being alerted to soon after the KESC’s privatisation assumed serious proportions a year and a half down the road. Around the turn of 2006, all warnings went unheeded....
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High prices and the young generation
Persistent inflation is a matter of daily concern for all families, particularly of low income groups. Families with large surplus income can save a part of it and invest and prosper...
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Change of guard at the World Bank
 On July 1, 2007 Robert Zoellick, the former vice-chairman of Goldman Sachs, took over as the president of the World Bank at a relatively young age of fifty- three....
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Bull-run continues in stock market
 STOCKS last week managed to recover from the early week’s shock of the Lal Masjid operation but late reports that the seminary was cleared again lured investors to the market amid...
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SBP mops up Rs36.5bn in market operation
 On July 10, the State Bank of Pakistan mopped up Rs36.5 billion in an open market operation. The market was fairly liquid as it had received an inflow of Rs24 billion through maturity of a previous OMO....
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Price of pulses go up again
 ALTHOUGH the supply position showed a modest improvement on the Karachi wholesale commodity market during the previous week after interruptions caused by rains and flash floods in the markets of interior...
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Rupee traded in a narrow band
 Mixed sentiments were witnessed in the local currency market where the rupee traded in a narrow band versus the American currency but recorded sharp declines against the European single common currency this week....
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Foreign exchange inflows
Banks remained flushed with foreign exchange throughout the week that ended on July 13 and foreign exchange reserves rose to a new all-time high of $15.63...
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