DAWN - Business; October 17, 2007

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October 17, 2007	Wednesday	Shawwal 4, 1428

The economy under Pervez Musharraf This may be a good time to take stock of the economy’s recent performance. When on October 12, 2007, General Pervez Musharraf completed the eighth year of being in total power,...		Slower credit off-take and falling industrial growth DURING the first quarter of this fiscal year, the private sector made a net retirement of Rs4 billion bank loans. This comes in a sharp contrast to its net borrowing of Rs37 billion in the same period of the last year....

Another whitener ‘bond’? The National Reconciliation Ordinance (NRO) does not impact the economy directly by changing the composition of resource availability in the market. However, it does worry the professional business managers who see it in clash with the spirit of justice....		Crop management in rain-fed areas The potential of irrigated agriculture has been exploited to a considerable extent; hence there will be increased dependence on rain-fed agriculture in future. There are three components of successful rain-fed agriculture:...

Crowding stress tolerance in maize hybrids MAIZE is the third important cereal crop of the country after wheat and rice. It is often referred as the ‘king of grain crops’. It accounts for 6.4...		Growing castor for oil extraction CASTOR plant, locally known as ‘arind’, is grown in warm temperate and tropical areas of the world. The plant has been cultivated for centuries for oil produced by its seeds....

Advancement in nanotechnology of polymers and fibres HUmans are not very old to forget the invention of wheel, or the beginning of the computer age. Now, we are at the onset of a new era of science that...		Revamping irrigation system THE country’s irrigation system comprising three reservoirs, 19 barrages, 12 inter-link canals, 59,200 kilometres of irrigation canals and over 1,600,000 kilometres of water courses is one of the largest gravity flow irrigation system in the world....

World economies The global economy continued to expand at a brisk pace in the first half of 2007. Although growth in the United States slowed in the first quarter, recent indicators suggest that the economy regained momentum in the second quarter....		Transport sector in shambles INDIA’S economic reforms programme was launched in 1991, and over the years the government has thrown open several segments of the economy to private participation. Virtually every industry that was opened...

Protecting employees from occupational hazards The work-related accidents accounted for 103,000 deaths in the USA, 122,000 in the European Union, 90,500 in China and 40,000 in India during 2005. In case of developing countries, where the...		Why we are not enterprising Independent thinking, research, creativity and enterprise are the hallmarks of a lively and vibrant society -- a society where people are free to express their ideas, thoughts and opinions, where curiosity...

Downside of informal agricultural credit A number of successful financial sector reforms have been undertaken in recent years but the access of small farmers and tenants to formal credit is still restricted which is a pre-requisite for rural poverty reduction....		Inheritance tax threshold doubled The Labour government has pledged in the Combined Pre-Budget Report and Comprehensive Spending Review announced last week an extra £400 million for the armed forces indicating that Britain is planning to...

The challenging twin deficits The ECC was told the other day that the foreign exchange reserves have risen to $16.34 billion. That was the only good news it had. This has now been the party...		Taxation structure and trends Macroeconomic stability depends to a large extent upon fiscal consolidation, particularly in the context of emerging economies. Generating sufficient government revenues for provision of public goods and designing progressive tax structures...

Foreign, institutional buying sets market capital record NEW records, both in terms of index level and market capital, were set up on the Karachi Stock Exchange during the previous week as judicious blend of local institutional and foreign...		Dollar sheds value on rate cuts The rupee/dollar parity assumed an upward rising trend in the local currency market this week. Increased inflow of remittances from Pakistani workers abroad has released pressure on the rupee, which commenced the week on a soft tone in the interbank....

No bids for fourth consecutive auction for 6- and 3-month T-bills On October 10, the State Bank of Pakistan sold Rs15.48 billion worth of 12 month T-bills after receiving bids worth Rs16.48 billion. The cut off yield on 12 month Treasury bills remained at 9.3990...		Prices of basmati rice, pulses go up PRE-holiday mood prevailed on the Karachi commodity wholesale markets during the previous week as demand from general consumers was on the higher side, which pushed prices of some essential items sharply higher under the lead of kernel basmati....