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| August 06, 2007 | Monday | Rajab 21, 1428 |
Taming inflation with monetary policy
THE State Bank of Pakistan has further tightened its monetary policy in an effort to achieve the inflation target of 6.5 per cent set for this fiscal year....
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Access to EU markets and level playing field
YET another crucial round of the Working Group on Trade of the Third Generation Agreement is to be held in the next few weeks at Brussels or Islamabad to consider the...
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The neglect of energy conservation
THE National Energy Conservation Policy (NECP), approved by the Cabinet in November last year, sets guidelines for energy conservation in all sectors to achieve energy security....
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Filtration of waste water with green plants
ONLY three per cent of the total industrial units treat their wastes while the rest discharge untreated effluent into rivers, lakes and sea. Dumping of untreated wastes has contaminated the surface and ground water resources and threatened the aquatic life....
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Improving forage quality
ABOUT 30 - 35 million of the rural population is involved in raising livestock. An average household holding is 2-3 cattle/buffalos, 3-4 sheep/goats and 10-12 poultry per family contributes 35 to 40 per cent of their income....
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Illegal biotech cotton cultivation
THE government has embarked upon on an ambitious plan of “Cotton Vision 2015”. It has devised a three-pronged strategy with focus on biotech (Bt) cotton, developing the Cotton Leaf Curl Virus (CLCV) resistant varieties, and the development of hybrids....
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Split in family businesses
MOST of the family businesses in the Punjab region are divided among family members during the succession phase (transfer of management and control from one generation to the next)....
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US conditionality for aid: need for a contingency plan
THE linking of US foreign assistance to the progress made by Pakistan in curbing terrorism is being questioned, both by the government and the opposition parties....
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Ensuring local participation in rebuilding quake-hit cities
IN its meeting held on 26 July 2007, the Central Development Working Party (CDWP) approved an allocation for the reconstruction of earthquake devastated cities of Balakot (Rs12 billion) and Muzzafarabad (Rs20 billion)....
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Industries switching over to captive power plants
WHILE economic reforms have helped sectors like telecommunications and banking and financial services to grow at double-digit rates, the power sector in India appears resistant to change....
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Population profile and demographic dividend
AMIDST suicide bombings and wanton killings in the country, the good news is that the population profile has changed, promising a better economic future. For every one person in the age...
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Widening gap in bank employees’ salaries
OVER the last decade, it has been the government policy to provide employment to retired bureaucrats (civil or military) on “contract” on enormous salaries and perks mainly to accommodate individuals with a clout....
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Record increase in UK’s wealth
TOTAL net worth of the UK including financial assets at end 2006 was £6,525 billion. This is an increase of £326 billion on the previous year....
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Monitoring mergers, acquisitions
A MERGER and acquisition division will be created in the proposed competition commission to ensure transparency, competition and prudent business practices....
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Diversified imports and industrialisation
WITH the changing pattern of the economy and its impact on various sectors, the import pattern has greatly changed and become rather unpredictable because of global factors as well....
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Banks roll in cash
THE SBP decision of exempting deposits of one year and above from cash reserves requirement and increasing CRR from five to seven per cent on less-than-a year deposits had a neutral impact on liquidity levels....
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STOCK EXCHANGE: Higher payouts, bonuses keep stocks buoyant
STOCKS extended the previous buoyancy during the last week despite the fact that investors played on both sides of the fence under the cross current of positive and negative news, but...
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RUPEE REPORT: Rupee displays modest strength against dollar
THE rupee/dollar parity moved in narrow ranges in the local currency market this week. The rupee, however, managed to display its modest strength over the American currency despite demand pressure due to lack of interest amongst the buyers....
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MONEY MARKET: Cut-off and weighted yield on T-bills increases
AT the auction on August 1, the yield on treasury bills rose. Earlier, the State Bank of Pakistan had announced it was increasing its discount rate to 10 from 9.5...
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COMMODITIES: Price of pulses fall on panic selling
THE activity on the Karachi wholesale commodity markets was relatively slow as leading commercial and brokerage houses remained busy analysing the impact of 0.5 per cent hike in the discount rate to 10 per cent from the previous 9.5...
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