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August 05, 2007 Sunday Rajab 20, 1428 Why does corporate Pakistan detest democracy? KARACHI: The pampered, risk-averse private entrepreneurs of Pakistan do not share the people enthusiasm for democracy. They find popularly elected governments unstable, unpredictable and less business friendly.... Quetta cannot care less QUETTA: Balochistan, the largest yet most neglected province of the country, has a more cynical take on various national and regional issues; be it a democratic government or a dictatorship....   ‘Economy booms under military leaders’ ISLAMABAD: The 60 years of Pakistan''s history has proved that financial decision-making was more easy and remained fruitful during a dictatorial rule, says Prime Minister’s Advisor on Finance Dr Salman Shah.... Politicians meddle more PESHAWAR: Businessmen in NWFP seem to offer little in the way of opinion or preference for a specific political system. Most favour true or controlled democracy similar to China as it provides a flexible environment to nurture trade.... Fear of state takeover haunts industry LAHORE: What matters most to the business community? Democracy or autocracy? Most businessmen are least bothered about the political setup in vogue in the country as long as they are making... Making lemonade of lemon KARACHI: For convenience sake, let’s call him Mr Shoib. An admirably successful businessman in his early sixties, he looks younger for his years. In his spacious, expansive office, Mr Shoib requested... Textile capital begs to defer FAISALABAD: Industrialists and businessmen are generally convinced that the democracy of worst type is far better than any form of dictatorship. The textile industry is the mainstay of the country’s... Business often sides with military KARACHI: “Businessmen operate more efficiently under a democratic order,” Mr Ashraf W. Tabani, a senior businessman from Karachi, shared his ideas with this correspondent about 17 years ago in 1990.... Engineering sector lacks unified stand KARACHI: People managing medium engineering units in Karachi favour authoritarian rule for they argue that business activities in Pakistan grew at an astonishing rate during Musharraf’s period.... Stock brokers spin invisible wealth KARACHI: About a dozen leading brokerage houses operating on the Karachi Stock Exchange may have more asset wealth than the legendary top 25 but no one among them managed to join the elite club since the industrial boom of the 60s.... Do elected govts breathe life into SMEs? KARACHI: Small and medium enterprises worked as an engine of growth for all the developed nations which today have around 96 per cent of SMEs and only four per cent large-scale manufacturing.... Corruption knows no bounds KARACHI: Corruption and corrupt practices prevalent in many spheres of our national life are eating away the very fabric of our society. No doubt corruption in political and economic spheres throughout... US mulling ceiling on textile items ISLAMABAD, Aug 4: The United States plans to impose ceiling on certain textile products from Pakistan to protect its own industry in the proposed Reconstruction Opportunity Zones (ROZs) being established in border areas with Afghanistan.... Rice research company set up ISLAMABAD, Aug 4: The government has established the Rice Research and Development Company (RRDC) for improving the quality and development of various varieties.... Fund flows of parties shrouded in secrecy KARACHI: We are in the habit of accepting a partial reality as the actual truth despite its obvious loopholes. Our general election, replete with glaring ambiguities, makes for an apt example.... Upsurge in cotton prices continues KARACHI, Aug 4: Cotton market on Saturday emitted bullish sparks as ginners raised their asking price by Rs25 per maund and analysts said some of the leading spinners appear to be in an obliging mood.... Micro units not ready to trade stability for democracy KARACHI: People running micro businesses in Karachi appear least bothered regarding the form of the government. They are more interested in making their business successful.... Satellite system to determine crop size KARACHI, Aug 4: The Sindh ministry of agriculture, in collaboration with Suparco, has launched geographical information system (GIS) to determine size of main cash crops, such as cotton, wheat and rice.... Industrial output falls short of target ISLAMABAD, Aug 4: The capacity constraints and slower demands have badly affected Pakistan’s large-scale manufacturing sector, which grew by mere 8.63pc in the first 11 months as against the target of 13 per cent for the fiscal year 2006-07.... Steel standards KARACHI, Aug 4: The steel industry has flayed the campaign launched by Pakistan Standards and Quality Control Authority (PSQCA) in the newspapers for not obtaining a licence for manufacturing of steel bars used in concrete re-enforcement.... Traders on both sides of fence KARACHI: Traders of Karachi offered a mixed view over the business prospects under a democratic rule. Some say that trade flourishes in a democratic environment. Others, however, believe that much depends on the leadership irrespective of the form of the government.... 1,100 stores, 22 godowns opened in July PESHAWAR, Aug 4: The Utility Stores Corporation (USC) opened 1,100 stores and 22 warehouses during the first month of the current financial year to help extend cheap and quality edibles to consumers in the country.... SBP plans bond auction this month KARACHI, Aug 4: The State Bank said on Saturday it planned to raise Rs15 billion through an auction of long-term government bonds this month.The State Bank of Pakistan said in a... Karachi Port operations KARACHI, Aug 4: Six ships carrying chemicals, containers and to load cement are due to arrive at the outer anchorage on Sunday, according to KPT sources.... Port Qasim KARACHI, Aug 4: Brisk shipping activity was witnessed at the port where four ships due to load, unload containers, and rape seeds were allotted berths at QICT and MPI, respectively, during the last 24 hours, says a PQA press release.... Cambodia’s financial issues PHNOM PENH, Aug 4: World Bank President Robert Zoellick arrived in Cambodia on Saturday for talks expected to focus on nationwide corruption and bank-supported projects hit by graft scandals.... Contract NOUAKCHOTT, Aug 4: A Chinese-Sudanese consortium has won a contract to build a $620 million railway through southern Mauritania that will facilitate phosphate mining, the country''s AMI news agency reported on Saturday.... Free market TRIPOLI, Aug 4: Libya said on Saturday it was looking at relaxing restrictions on foreign and domestic trade, part of investor-friendly reforms which long-time leader Muammar Gaddafi has said are inevitable in the modern world....

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