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| November 03, 2008 | Monday | Ziqa'ad 4, 1429 |
Interest rate concerns
 Prime Minister’s Advisor on Finance Shaukat Tareen has rightly pointed to the need for re-profiling economic growth — reversing its 2002-08 consumption oriented profile — but has offered a very general nine-point agenda there for....
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Uncertainty in the air
IN the recent series of meetings with the country’s businessmen, Prime Minister’s Advisor on Finance Shaukat Tareen indicated that he had no option but to seek balance of payment support from the IMF....
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Home-grown policies and IMF prescriptions
 The International Monetary Fund is back on the scene to ‘help’ Pakistan overcome its financial crisis in less than four years after the claim that the government had smashed the begging bowl, never to return to the fund....
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IMF facility and fertiliser subsidy
 AS talks with the International Monetary Fund reportedly conclude on the bailout package, the farmers hold their breath wondering what it would mean to them....
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Land degradation reducing farm productivity
 THE term land degradation signifies that the land has become less productive and supportive of human life and livestock or is less able to renew its natural vegetation....
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Harnessing water in Balochistan’s dry lands
 BALOCHISTAN holds the key to future advances in agriculture and obtaining food security. Recently a discussion was held with a group of 50 grass-root farmers in Balochistan about agriculture without water....
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Key factors impacting on food security
 THE government has raised wheat support price to Rs950 per 40kg for the coming crop and has also provided subsidy of Rs27 billion on DAP fertiliser to boost wheat production and ensure food security....
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The package for bourses
 Our economy is not so much globally integrated as to have any significant impact of the financial turmoil in the US and the EU despite the recent efforts to integrate the national economy into the international market....
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The loss of market confidence
 ON August 27, the Karachi Stock Exchange board decided to place a ‘floor’ mechanism to prevent the stock prices from falling below the closing prices of that day....
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Upgrading government financial reporting
 The government accounting system in Pakistan, as in many other countries, is not based on a commercial system of bookkeeping....
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World economies
United Kingdom...Britain is sliding inexorably into an economic slump, according to a forecast by consultants at the Centre for Economic and Business Research. The economy looks set for....
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Consumer credit: need for reforms
 Referring to the financial crises in the developed countries, the State Bank governor has observed that there should not be any cause of concern about the stability of the domestic banking in the coming days....
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The erosion of investors’ wealth
 WHEN stock brokers and traders did token ‘muhurat’ trades during a special one-hour session last Tuesday evening — which saw the start of Samvat year 2065 — most prayed fervently that...
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Time to restructure the economy
 An analysis of deteriorating economic conditions takes one to a crossroad. Are these the impacts of the current global financial crises, a case of economic mismanagement or an effort to tighten...
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Bretton Woods II : chasing shadows
 THE European Union has issued a call for a summit of the major economies to design a new system of global financial regulation, which EU leaders are calling “Bretton Woods II.”...
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IMF softening its loan terms
 IT appears that the IMF is becoming less rigid in its loan terms in the changed circumstances. In a statement on October 22, its managing director, Mr Dominique Strauss-Kahn, said that...
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Socialising losses
 THE private sector tends to privatise gains and socialise losses. Therefore, the rescue demands made by them at times of stress, need to be scrutinised closely to spare society the additional burden of paying for their shortsightedness or weak business acumen....
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Bank credit still restricted
 The Bank of England’s latest Financial Stability Report (FSR) supports the widely held view here that the government’s recapitalisation of the banking system is unlikely to head off a sharp slowdown in bank lending growth and a deep economic recession....
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Restoring stability to a stressed financial market
THE financial and economic crises that have already taken a heavy economic toll across the globe began more than a year ago in the United States....
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Stocks insipid in absence of positive news
 THE trading activity on the stock market during the previous week remained at a low ebb as investors were not inclined to make fresh commitments apparently awaiting some positive developments on...
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Rupee resists decline against dollar
 The country’s macroeconomic indicators continue to be weak. Pakistan is in dire need of financial support to the tune of $10 billion to finance worsening balance of payment deficit, honour debt repayments, build up forex reserves and reverse capital outflows....
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Deposits higher by Rs14.257 billion
 In order to ensure prudent liquidity management by banks, it has been decided that henceforth advances to deposit ratio of any bank shall not exceed 70 per cent at any time....
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Prices of essentials ease on improved supply
 AFTER several weeks of sustained rise, prices of some essential items suffered fall last week on the Karachi wholesale commodity markets as leading commercial houses sold in part their long positions followed by reports of steady arrivals from upcountry markets....
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