The fall of US financial capitalism
The world is witnessing the end of American financial capitalism as we have known for a long time. Just consider the dramatic events this month:...
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Old recipes and new skills
PATIENCE is running thin. Nervousness is giving way to depressed feelings as the United States’ frantic search for ‘good news’ before presidential elections leads it to extend its limits of war zone to include the troubled border areas of Pakistan....
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Crop target missed
THE good news is that both farmers and officials are reporting a better cotton crop than that of last year despite a wide spread pest attack in some areas in Punjab and shortages of urea fertiliser and insecticides....
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How to resolve the Baglihar crisis
THE Indian violation of the filling criteria of the Baglihar Dam, which is part of the Indus Basin Water Treaty, has proved it to be an undependable partner even in treaties backed by international guarantees....
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Problems of farm credit
CREDIT is a vital input of agricultural production irrespective of the fact whether it is obtained from formal or informal sources....
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Procurement price for next wheat crop
The volatility in wheat prices is linked to crop output and the existing marketing system. As farming is not modernised, agricultural productionsuffers from vagaries of nature....
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Bumper rice crop despite major constraints
Dr Ali Muhammad Khushk...
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Planning for the energy sector
Pakistan needs to rethink its entire stance towards the development of the energy sector. The country should not procrastinate any further in properly developing a sector of such vital concern for the economy....
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Gwadar waiting for second shipment
Balochistan has requested the federal government to import wheat through Gwadar Port, which is yet to become commercially operational....
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Banking reforms and efficiency
The banking sector reforms were initiated in the early 1997 by inducting professional presidents from the private sector in major state-run commercial banks....
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World Economies
USA...The United States is mired in a “once-in-a century” financial crisis which is now more than likely to spark a recession, according to the former Federal Reserve chief Alan
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No big hit from global financial turmoil
THE massive shake-out on Wall Street last week had its immediate impact on India, with stock market indices tumbling and the rupee haemorrhaging....
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Lessons from Wall Street fiasco
Many lessons can be learnt from the current global financial markets turmoil with the latest victim Lehman Brothers going down, heightening fear that some other investment bank or insurance company may...
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What ails the economy ?
It is agreed on all hands that Pakistan is faced with a serous economic crisis. The difference is on the reasons....
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Land for the landless
In the next few weeks, just after Eid, the Sindh government is going to launch one of its ambitious programmes, land for the landless....
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Doing without IMF loan
At a time when the country’s finances are in dire straits, the arrival of a team of International Monetary Fund (IMF) with an advisory mission has lent strength to speculation, already rife, that Pakistan may again seek an IMF support programme....
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Taxpayers’ money to rescue financial institutions
Soon after the nationalisation of Northern Rock in the UK and takeover of Bears Stern by the US earlier this year, I had asked in one of my columns, if the age of market has come to an end....
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Financial earthquake and the AIG nationalisation
Lehman Brothers bankruptcy on September 14, 2008 caused “The Mother of all Mondays” as called by the Wall Street Journal. The US financial earthquake triggered the world and so much so...
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Stocks maintain lacklustre performance
IT was the leanest trading week ever witnessed on the Karachi Stock Exchange both in terms of single session daily volumes, which hit an all time low of 4.309...
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Rupee down to record low against dollar
The country’s current account deficit widened by 64 per cent to $2.5 billion during July-August of current fiscal year mainly due to slowdown in exports and rising trade deficit, besides slow foreign inflows....
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SBP bids for 3-year Ijara Sukuk
The State Bank of Pakistan sold Rs6.522 billion worth of Ijara sukuk (Islamic bonds) in its first auction held on Septem-ber 15, with the primary objective to promote Islamic banking....
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Rice prices decline, wheat, sugar up
TRADING on the Karachi wholesale commodity markets last week remained fairly active as both brokerage and commercial houses indulged in hasty selling fearing official raids and sold their long positions in most of the essential commodities including rice and pulses....
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