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| October 13, 2008 | Monday | Shawwal 13, 1429 |
Market liquidity: coming challenges
 Governments everywhere are assuring savers, investors and borrowers that, despite the global financial crisis, market players will be supported in meeting their commitments....
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Friends Group — ‘strategic partners, not donors’
 When the so-called Friends of Pakistan Group met in New York on Sept 26 on the sidelines of the United Nations General Assembly session, many of us thought dollars will start...
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Sindh’s case for restoration of octroi
 The Sindh government has reservations about Ms Hina Rabbani Khar’s nomination to the recently constituted National Finance Commission....
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Snags in achieving wheat production target
 TO achieve the wheat production target of 25 million tons for the forthcoming wheat crop would certainly be an uphill task for the government due to precarious state of supply of...
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Earthworms intestine of the soil
 ARISTOTLE called worms the intestines of the soil but the multi nationals loath competition with the world’s natural systems, that create energy and productivity in a sustainable manner....
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Making a success of support pricing
Soon after the announcement of procurement prices of wheat for the next crop, the fertiliser firms have increased the price of DAP by Rs2,400- Rs2,500 to Rs5,570 per 50 kg....
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Sugarcane: yield and profitability
 SUGARCANE is widely planted in Sindh, Punjab and the NWFP. The highest production during 2007-08 was recorded in Punjab with an average yield of 690mds/acre, while the lowest was in NWFP at 566mds/acre....
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NWFP’s multiple criteria for sharing national resources
 THE NWFP government will lobby for bigger fiscal transfers to provinces and a multiple criteria for horizontal distribution of resources in the negotiations for the seventh NFC award scheduled this month....
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Revamping wind power policy
Pakistan has been a late starter in renewable energy, and is way behind many countries. For example, having realised the importance of renewable energy, India took timely initiatives a couple of...
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Is KSE index freeze beneficial?
 SINCE August 27, 2008, the Karachi Stock Exchange 100 index is under floor by majority decisions. Though a bit late, it was a wise decision and judiciously implemented too....
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Chronic imbalances in fiscal federalism
BALOCHISTAN is fully prepared to present its case in the first meeting of the National Finance Commission (NFC) due this month, say offcials....
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World commodities
Oil...In the New York market, oil prices fell to near 12 month lows below $85 on October 9. Prices have fallen from a record peak of $147 a barrel in July. Prices have weakened after the latest....
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Towards an inclusive financial sector
 Today, one of the key challenges the emerging economies face while pursuing economic growth and development is how to counter poverty. Poverty is a multifaceted phenomenon that includes, but goes beyond lack of adequate income....
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Tata to relocate his small-car project to Gujarat
 WHEN Ratan Tata, chairman, Tata group, made a dramatic announcement of setting up his small-car project in West Bengal, about two years ago, it finally raised hopes of a resurgence in...
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Bank solvency, loss of confidence
 In view of the global banking crisis and the economic conditions, concerns are also expressed for the health of domestic banking system. Apart from very little exposure to the developed financial...
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Need for a new development paradigm
 There was a belief that I shared that the developing countries would be spared the devastation caused by the recent and unrelenting meltdown in the financial system of the United States....
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Money markets hit by a mild shock
 The domestic financial market experienced a mild shock last week following rumours about the viability of 2-3 banks to the freezing of foreign currency accounts and seizure of bank lockers....
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Britain’s rescue package for banks
 The entire British banking sector has finally gone the Northern Rock way. The Economist weekly has called it ‘partial nationalisation’ of all the large banks of Britain....
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Outlook for emerging economies
 Although the emerging economies are currently experiencing boom, how far they can remain immune to the effects of the crisis that has unsettled the financial markets in the United States and is spreading to Europe is hard to predict....
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Financial turmoil: from bubble to political economy
 On October 3, 2008, the members of Congress voted for the Wall Street “bailout” without holding any meaningful hearings or public discussions....
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State Bank’s move to defuse panic in KSE
 THE KSE 100-share index last week managed to finish on higher side despite a spate of rumours including default on foreign debt repayments, freeze on foreign currency accounts and a record low hit by the rupee against the US dollar....
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Rupee’s steep fall against dollar
 Pakistan’s balance of payments is under significant pressure. Capital inflows which had in the past covered much of the current account gap, have out flown due the prolonged political uncertainty and adverse security climate....
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Central bank injects Rs54 bn into the banking system
 On October, 6, the State Bank of Pakistan injected Rs54 billion into the banking system. The banks face a credit crunch and call money rates ranged between 32-40 per cent....
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Prices of wheat, masoor rise
 A FRESH flare-up in wheat prices again featured the trading on the Karachi wholesale markets last week as leading stockists held on to their unsold positions hoping to cash in on an acute ready position....
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