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September 17, 2007 Monday Ramazan 04, 1428 Nothing to show for Rs72bn Sindh investment MORE than Rs72 billion has been invested in the development of Sindh from the provincial budget over the last five years (2002-03 to 2006-07) out of about Rs95 billion sanctioned and about Rs90.36... Updating financial sector regulatory regime The financial sector has undergone various reforms, which have improved financial services’ delivery system in the recent past. Now the stage is set for introducing the second-generation reforms and build side... Mega projects: haste and waste In the early days of the military takeover, the economy was in dire financial straits. The US president had declined to shake hands with the then chief executive.... Technologies to improve rice yield RICE is the country’s second staple, high-valued and major export crop. But there has been a decrease in area and size of the crop in recent years.... Food colours hazardous for public health HUMANS are always attracted by sweets and drinks bearing pleasant colours. Adding attractive colours can definitely enhance the appetising value of foods and drinks. Colour additives are not only being used... Hydroponics: a technique of farming without soil SPECIFICALLY cultivation of plants in water is termed as hydroponics but generally speaking the term is used for cultivation of plants in a medium other than soil.... Growing insect-free cotton COTTON, the backbone of our agriculture, is being affected by increasing population of insect pests, mainly sucking and chewing insects.... The debate on poverty The government declared a reduction of 10.6 percentage points in the poverty incidence during 2001-05, based on the latest available household survey data. The Pakistan Economic Survey, 2005-06, states that poverty declined from 34.46... Gwadar Port to be fully operational this month Gwadar Port is expected to become fully operational by the end of this month with all three berths handling the arriving ships. However, more berths would be needed to handle big ships.... Improving the SME economy SME is one of the leading sectors which contributes significantly to the country’s industrialisation and its exports. Globalisation can further nourish the SME economy.... World economies The African Development Bank (ADB) Group has released a report on the continent’s economic outlook. The report provides a clear picture of how the continent is fairing economically... Stumbling blocks for exports ONE of the major stumbling blocks for exporters in India is the delay in transporting cargo from production centres in the hinterland to the few ports and airports that can handle such goods.... Developing Islamic money market Interest-free liquidity management is the major concern for Islamic banks. The State Bank of Pakistan (SBP) requires Islamic banks and conventional banks to maintain the same Cash Reserve Requirement (CRR) of... Biofuels: a substitute for petroleum Biofuel can be broadly defined as solid, liquid, or gas fuel consisting of or derived from biomass. It is material derived from organisms such as plants, animals and their by-products.... Unrecognised engineering units The Engineering Development Board (EDB) is planning to bring the “unrecognised” engineering sector into the fold of recognised one, to help boost its production and exports.... UK’s asset management profile Assets under management of the UK fund management industry increased for the fourth year running in 2006 to a record £3,836 billion according to International Financial Services London’s (IFSL) Fund Management 2007 report.... Banks with bumper profits Banks in Pakistan have on an average increased their profit by 45 per cent in the quarter ending March last over the same quarter in 2006.... Concern over political impasse With one voice, the IMF officials, the multinationals and the local business community are asking the government to take steps to end the continuing ” political uncertainty’ as soon as possible.... External sector worries As the current trends indicate, it seems difficult for the country’s economic managers to post a balance of payment surplus (BOP) this fiscal year without additional foreign borrowings.... Stocks stage recovery on strong institutional support A STRONG mid-week rally again put the share market back on rails as institutional traders covered positions at the attractively lower levels on blue chips counters and lured others to ride the bandwagon.... Rupee rebounds against dollar The rupee remained almost firm versus the dollar this week though the rupee/dollar parity weakness persisted on the opening day of the week, as the rupee further extended its weekend slide... Investments by banks increase by Rs11bn According to the weekly statement of position of all scheduled banks for the week ended September 1, 2007, deposits and other accounts of the scheduled banks stood at Rs3,458.480... Higher wheat prices set bullish market trend A STEEP increase in wheat prices on the Karachi wholesale commodity markets last week had a sympathetic bullish impact on other essential items amid light trading....

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