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| October 1, 2007 | Monday | Ramazan 18, 1428 |
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How sub-prime lending in the US led to a global credit crunch
The bankers define it as sub-prime lending while their detractors call it predatory lending. Simply put, sub-prime are more expensive (high interest rate) loans intended for people with impaired or limited credit histories, typically belonging to low income groups.... 
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The key issues The US sub-prime mortgage fiasco is snowballing in global credit markets. But top bankers say it would not directly affect Pakistan, at least immediately. ...
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Feared spill-over THE spill-over of credit crunch in the United States may start hurting developing countries like Pakistan, with officials, bankers and investors agreeing that the government needs to improve the country’s not so comfortable resource mobilisation position to avoid its negative effects. ....
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Chisel plough for salt affected soils
SOIL is the non-consolidated mineral material on the immediate surface of the earth that serves as a natural medium for the growth of land plants. Soil provides mechanical support, nutrients, moisture and oxygen to plant roots. ....
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Life span of cotton crop season
COTTON is the lifeline of our economy which provides a lot of foreign exchange besides employing millions in rural and urban areas. There are many cotton producing countries which have a crop life span of 120-130 days rather than 200 or even more as in our country. ....
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Improving crop harvest index
GRAIN crops such as wheat, rice, maize, sorghum, sunflower, dry beans, soybean and lentils constitute essential source of proteins and carbohydrates. Per hectare grain yield of these crops is far below international standards. Harvest index of modern cultivars of these intensively cultivated grain crops fall within the range of 0.4 to 0.6. ....
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Developing seed industry
FOR increased production, quality seed is a fundamental input playing a vital role in technological development of agriculture sector. Seeds may be of open pollinated and hybrid types. Open pollinated varieties can be reproduced for many generations with little decline in quality, while hybrid seeds show marked decline in production in subsequent generations.....
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Transforming the economy
The growth experience of countries at different stages of economic development teaches us an important lesson. The sustained growth in a country over a long period of time must result in fundamental changes in the structure and composition of its GDP.....
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Low priority to engineering goods’ export
Pakistan offers promising prospects for export of engineering goods. The indigenous industry has requisite capacity and capability and, in general, international competitiveness too.....
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Political change and continuity in reforms
The undergoing reforms, initiated seven years ago in the NWFP, will continue even after the political changes in days to come, according to senior officials here. ....
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World economies
South Africa is the economic powerhouse of Africa, with a gross domestic product (GDP) four times that of its southern African neighbours and comprising around 25 per cent of the entire....
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Record stock highs create super-rich
THE last week of September has turned out to be an amazing week for the Indian stock markets, when combined market capitalisation soared to record highs, catapulting several Indian businessmen to the top bracket in the world listing of the super-rich.....
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Emerging economic trends
The performance of the economy in two months of this fiscal year has raised questions about the pace of the growth. A key issue is: how would the external sector fare?....
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Business failure and loan default
Open up any national newspaper and chances are that you will find 2-3 court notices against the loan defaulters — recovery cases — filed by creditors. There may also be notices of auction of mortgaged property of the borrowers and guarantors. ....
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Nurturing local franchise concepts
The introduction of hundreds of fresh, locally nurtured franchise concepts emerging within Dubai and the Gulf States may set the stage for a revolution in nouveau-consumerism.....
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Are retail prices federal business?
The recent atta-push inflation has served to expose the weaknesses in the centralised decision-making in an area as sensitive as prices directly affecting common persons, i.e. retail prices of common consumer goods and services.....
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A financial hub for maritime services
London remains the leading centre worldwide in the supply of a range of business services to the international maritime community. The new edition of International Financial Services London’s (IFSL) Maritime Services report released last week has highlighted London’s position in key sectors: ....
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Feudalism and food crisis
While feudalism remains a political and social stumbling block, it continues to be a major deterrent to ample food production, higher quality output and fair distribution of what is produced. ....
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Behind the fiscal deficit
A large and persistent fiscal deficit has been a major macroeconomic issue facing the country since the early 1970s. It is, therefore, important to analyse the sources of the fiscal deficit and the mode of its financing to arrive at an understanding of how it has affected the economy.....
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Market forward thrust on positive fundamentals
THE share market maintained its forward thrust for the third week in a row as investors seem to have followed the positive market fundamentals rather than being overwhelmed by the judicious blend of both negative and positive news both on the political and legal fronts.....
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Rupee trades in narrow range against dollar
The local currency market witnessed mixed sentiments this week. The rupee traded in narrow ranges versus the dollar. However, the rupee continued its sharp advances versus the European single currency, which crossed Rs85 barrier this week. ....
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No change in the cut-off yields on T-bills
On September 26, the State Bank of Pakistan raised Rs21.2 billion trough sale of 12 month treasury bills. It did not change the cut off yield of the paper from 9.399 per cent. ....
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Wheat prices remain stable after TCP import tender
WHEAT prices on the Karachi wholesale market last week declined further partly attributed to steady arrivals from the interior and partly to official warning to hoarders to release stocks in the open market.....
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