Building on economic gains
THE business community, though jittery over the risk-ridden phase of political transition, is hoping that the key actors in politics would conduct themselves responsibly to build on, what they call ‘current economic gains’....
Has US-Pakistan investment treaty been shelved?
WHAT secretary of Pakistan’s Board of Investment stated mid-November about the future of the US-Pakistan bilateral investment treaty is no different from what other senior officials concerned had been saying during...
Options for Punjab’s progress
PUNJAB’S future can be portrayed in terms of several different scenarios for the economy’s growth in the period 2007 to 2020. I will work here with four of them....
Late sowing of wheat by seed priming
RICE-wheat production systems occupy 2.2 million hectares of land in the country. Irrigated rice-wheat systems have remained the major source of the marketed surplus grain for feeding the growing population....
Agricultural credit: the way forward
CREDIT requirements of the farming sector have increased rapidly over the past few decades as a result of the rise in use of fertiliser, pesticides, improved seeds and mechanisation, and hike in their prices....
Exploring sea water chemistry for farming
WATER is a finite and vulnerable resource. Therefore, protection and sustainability of this resource has become imperative. The worth of water further increases in a country like that of ours where...
Overcoming water shortages
A PHOTOGRAPH in this newspaper on November 22 gave a view of the Indus River--at Jamshoro bypass-- showing a minor portion covered with water and a major portion of its dry bed....
Responding to globalization
GLOBALISATION is the one of the greatest challenges of the present times. Countries and regions are responding to it in different ways. It offers opportunities and threats for the developed and developing countries....
Quiet revolution in film industry
WHEN it comes to entertainment, there are very few countries around the world that can rustle up the kind of hoopla that India churns up. Every year, over a thousand films in 25 different languages, are made in India....
Roadmap for lifting of Indian non-tariff barriers
AFTER Pakistan’s repeated demands, India has finally agreed to announce a roadmap this month for doing away with the non-tariff barriers and para-tariff measures that restrict movement of goods between the two countries....
Move to revive sick industrial units
THE government of North West Frontier Province is conducting a survey of actual number of sick industrial units in the province with a view to taking measures for their early revival....
National debts: historical trends
FORMER prime minister Shaukat Aziz claimed that his government had broken the begging bowl and taken the nation out of the IMF clutches. The international rating agencies have also upgraded the country’s credit rating....
Britain redefines welfare
PRIME Minister Gordon Brown appears to be planning to remove the last vestiges of welfare factor from his country’s economy and complete in his remaining term of three years, the job...
Democracy and development
AN argument that swirls around in some of the elite circles is that Pakistan’s is not a society ready for democracy. So, some form of authoritarian rule or dictatorship is required to propel the country on to the growth path....
Easing pressure on the rupee
THE caretaker government will revise oil prices upward but it is unlikely to take any major economic decision during its tenure of office. Officials in the economic ministries do concede privately...
West Bengal: industrial strategy dilemma
THE eternal problem of development economics has been how to have rapid growth without increasing inequality and aggravating poverty. The problem is specially serious in countries with a large agricultural sector and high proportion of people living in rural areas....
STOCK EXCHANGE: Market creeps after Opposition’s poll boycott decision
THE Karachi Stock Exchange 100-share index last week briefly broke the psychological barrier of 14,000 points on active short-covering on the blue chips counters but the weekend profit-selling pushed it fractionally down from the coveted level....
RUPEE REPORT: Rupee resists steep fall
A COMBINATION of factors has pushed the rupee down against dollar in past few weeks. In view of the political instability in the country and increasing demand for dollars by importers...
COMMODITIES: Wheat prices go up, sugar declines
TRADING on the Karachi wholesale commodity markets last week remained active, but consumers were not inclined to make bigger commitments at higher prices waiting for an easing after reports of steady arrivals from upcountry trading centres....
World commodities
ON November 26, oil prices had risen to above $99 a barrel on the London market, coming close to the $100 milestone, but retreated soon on expectations that an early Opec meeting this week could decide to increase supply....