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December 17, 2007 Monday Zilhaj 6, 1428 Subsidising oil prices with bank loan WHILE the government is negotiating financial arrangements with banks for deferring a portion of an expected over Rs100 billion liability to the oil companies on oil price... Provinces’ rising dependence on federal assignments The total combined revenue receipts — tax (including transfers from the federal tax pool) and non-tax — of all the four provinces are projected to grow at 7.5...   Corporate dairy farming and the consumers Sadly, people including under-nourished poor children will not get enough milk of even inferior quality till such time a modernised dairy sector improves productivity.... Privatisation of forests THE community of plants, predominantly of trees, shrubs and herbs, occupying an extensive area of land is called forest. The forests are classified into seven general types.... Barley: a rich source of vitamins and minerals BARLEY, locally known as jao, is a widely cultivated cereal crop in the temperate regions. The crop is the most hardy of all the cereal grains. Its cultivation extends farther... Neglected broad bean cultivation THE group of beans is very large and includes broad bean, kidney bean, soy bean and haricot bean, which are well known for their nutritive value.... Women’s role in livestock production Women comprise half of the rural population. And the livestock sector offers tremendous opportunities for improving household incomes through women’s participation.... Snags in real estate business A sizeable part of the rising remittances is finding its way into real estate investment. There are several reasons for this including very high risks in other sectors such as... Initiatives for fast track investment THE Frontier government has set up a working group to suggest short-term measures for attracting investment and promoting economic growth in the province.... The stagnant machine tools industry An International Machine Tools and Metal-working Exhibition is scheduled to be organised in May 2008. One wonders what Pakistan will be showcasing there?... World commodities The Organisation of Petroleum Exporting Countries (Opec) decided to freeze production at current levels at a meeting in Abu Dhabi in the first week of December... Global truck-makers in joint ventures AN inefficient and exorbitantly-priced railway freight system, which is shunned by a large chunk of manufacturers, importers and exporters, resulting in hefty growth... Wheat subsidy — big brother’s burden A TWISTED subsidy regime, trade and milling pattern and government’s incorrect estimates about the crop size last season lies at the heart of the current wheat and flour crises.... Euro a threat to dollar The sub-prime mortgage crisis has had an adverse domino effect on the US economy with ripple effects the world over. The American pride has been hit by the poisoned arrow of... No signs of easing food inflation Policymakers in the caretaker setup fear that food inflation may be difficult to manage in the coming months. It would be a sensitive issue for the elected government to.... When global capital moves both ways Until a few years ago, almost all the investment dollars flowed from the developed world into the developing world. This is how globalisation was perceived to... Unemployment benefit claimants fall Prime Minister Gordon Brown’s hopes of getting jobless Britons off direct welfare does not appear all that ambitious as new figures out last week showed unemployment... Rising corruption Transparency International’s Global Corruption survey report 2007 places Pakistan amongst the top 10 corrupt countries that are most affected by bribery. Pakistan is.... Rupee under pressure As the Karachi Stock Exchange 100-share index soars, crossing 14,500 points, despite the political uncertainties and economic problems, the rupee, which is the index.... Stock market Resumes upward drive THE share market maintained its upward drive for the third consecutive week despite a good bit of midweek profit-selling on active follow-up originating mainly from financial institutions.... Rupee Recovers against dollar The rupee showed a firm trend versus the dollar and euro this week. The State Bank measures in recent days have helped the rupee from falling sharply in relation to dollar.... Bank loans, advances show mixed trend According to the Statement of Affairs of the State Bank of Pakistan, for the week ended December 1, 2007, both notes in circulation and those issued declined in the week.... Prices of sugar, pulses on the decline THE Karachi wholesale commodity markets last week showed an easy trend as prices of some essential items remained under pressure and generally fell where changed....

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