Economic Review articles from December 1996

Economic Review archives from December 1996

Caretakers and Pakistan's economy.
December 1, 1996... The confusion resulting from the shifts in economic policies is further compounded by latest news reports about the likely postponement of election. The cases challenging the dismissal of the government and dissolution of assemblies are lying...

Ehtesab Commission: A device to hoodwink the people. (commission to oversee the implementation of the Ehtesab Accountability Ordinance)
December 1, 1996... Ehtesab (Accountability) Ordinance has come into force with retrospective effect from December 31, 1985, and a former Chief Justice of the Lahore High Court, Ghulam Mujaddid Mirza, has been appointed Chief Ehtesab Commissioner. The tenure of his...

Economic reform agenda, priorities and challenges for the caretakers.
December 1, 1996... The new economic manager should not repeat the mistakes of Former IMF man Mr. Moeen Qureshi and leave the major issues to be solved by the elected government in future by considering the ground realities otherwise the ensuing uncertainty to...

Ex-servicemen in civil bureaucracy. (retired military officers in civilian posts)
December 1, 1996... This fact is indisputably correct that civil posts are meant for the non-military citizens, and must be offered to the deserving non-military candidates. The decision of the caretaker government to induct retired army officers in the vacancies...

Determining comparative economics of some new planting pattern of sugarcane.
December 1, 1996... Introduction: Sugarcane is an important cash crop of Pakistan. it is mainly grown for sugar and jaggary production. It is an important source of income and employment for the farming community. It also forms basis for many important industries...

Currency watch and currency talk. (stabilization of Pakistan's Pak Rupee)
December 1, 1996... Local Scenario Last month Pak Rupee seemed to be heading towards stability, though only to some extent, it gained the confidence of the people at large. Formerly people had become dollar maniac because of the apprehensions of further...

Performance of top 100 companies on KSE. (Karachi Stock Exchange Ltd.)(Cover Story)
December 1, 1996... Present study includes six tables on Top 100 companies according to Sales, Networth, Ratio of Pretax Profit to Networth. Earning Per Share. Break-up Value and Dividend and Bonus. Pakistan State Oil Company Ltd. commands the first position in our...

Power sector dominates. (top 100 companies in Pakistan according to networth)
December 1, 1996... Table on Top 100 companies according to Networth shows that 91 companies registered increase in the Networth over the previous year. Companies showing decline were 2 from Fuel & Power section (Pakistan Oilfields Ltd. and National Refinery Ltd.)...

Pretax profit to networth - 1995. (top 100 companies in Pakistan according to ratio of pretax profit to networth)
December 1, 1996... Profitability of companies has sharply declined as compared to the preceding year. Sectors that fared well were chemical and pharmaceutical fuel and power. The year under review was dismal for sugar companies. The coming year is also not very...

Break-up value - 1995. (top 100 companies in Pakistan according to networth per share)
December 1, 1996... With a view to curb insider trading the Securities and Exchange Ordinance. 1969 (SEO) was amended. The amended Ordinance prohibited direct or indirect dealing in securities by associated person in possession of information which is generally not...

Parke Davis achieved the highest position. (Parke Davis Company Ltd. tops 100 companies rated according to earnings per share on the Karachi Stock Exchange Ltd.)
December 1, 1996... From the table on Top 100 companies according to Earning Per Share (EPS) of Rs. 10/- each, it will be observed that on the whole earning of companies has shown decline as compared to the previous year. From the foregoing table it will be seen...

Dividend - 1995. (companies ranked according to dividends paid at the rate of 25% and above in 1995)
December 1, 1996... The dividend picture in 1995 was very gloomy. Number of companies declaring dividend at the rate of 25 per cent and above was decreased to 85 as compared to 124 in the preceding year. Companies declaring dividend at the rate of 50 percent and...

Auto & allied. (list of companies in Pakistan according to paid-up capital)
December 1, 1996... There are 25 companies on the list of KSE in the Auto & Allied sector in 1995. Of which we have prepared reports of 23 companies. The total Paid-up Capital of these companies stood at Rs. 3291.52 million and Free Reserves and Surplus stood at...

Outlook for 1997 promising. (electrical wire and cable industry in Pakistan)
December 1, 1996... There are 16 cos. on the list of Karachi Stock Exchange in the Cables & Electric sector. Of these we have analysed reports of 11 companies. The total Paid-up Capital of these 11 cos. stood at Rs.753.30 million, while Free Reserves and Surplus...

Cement production would exceed demand by 2000. (Pakistan)
December 1, 1996... Cement production in 1995-96 is estimated at 9.403 million tonnes as compared to 8.420 million tonnes in the preceding year. The present installed capacity of 22 cement plants (17 private and 5 public sector) is 10.492 million tonnes. Total...

Chemical. (list of chemical companies on the Karachi Stock Exchange Ltd.)
December 1, 1996... There were 22 companies on the list of KSE in Chemical sector in 1995. Of these we have presently analysed 15 companies for the year 1995. The total Paid-up of these 15 companies stood at Rs.4663.39 million and Free Reserves and Surplus stood at...

Engineering. (Karachi Stock Exchange Ltd. list of engineering firms)
December 1, 1996... The new target of deletion which has been raised to 80 per cent is expected to boost the production, modernisation and balancing of this vital sector.A great encouragement has thus been provided to the engineering industry to update their...

Fuel & power. (Karachi Stock Exchange Ltd.'s list of electric utilities and fuel companies)
December 1, 1996... There is likely to be significant change in the energy policy of the government. The last policy was announced by deposed government of Benazir Bhutto. The Independent Power Producers are however worried that drastic changes are being made in the...

Glass & ceramics. (Karachi Stock Exchange Ltd.'s list of glass and ceramics companies)
December 1, 1996... There were 14 companies on the list of KSE in the Glass and Ceramics sector in 1995. Of which we have analysed 8 companies, while the Annual/Half-yearly report of Dadabhoy Padube was not available at the time of preparation of this report. Two...

Footwear industry burdened with numerous taxes. (Pakistan)
December 1, 1996... There were 8 companies on the list of Karachi Stock Exchange in the Leather and Tanneries sector in 1995. The total Paid-up Capital of these companies stood at Rs.266.89 million. Free Reserves and Surplus stood at Rs.700.26 million during the...

Grays of Cambridge shows highest earnings. (Grays of Cambridge Pak. Ltd.)
December 1, 1996... There were 29 companies on the list of Karachi Stock Exchange in the Miscellaneous sector in 1995. Of which we have analyzed 20 companies. The total Paid-up Capital of these 20 companies stood at Rs.2007.45 million and Free Reserves and Surplus...

Paper & board. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There were 14 companies on the list of Karachi Stock Exchange in Paper & Board section in 1995. Of these we have presently analysed 12 companies. The Annual Report of Adamjee Paper, Merit Packaging were not available at the time of preparation of...

Pharmaceutical. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There were 18 companies on the list of Karachi Stock Exchange in Pharmaceutical sector in 1995. Of these we have presently analysed 17 companies for the year 1995. The Annual Report of Otsuka was not available at the time of preparation of this...

Private commercial banks. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There were 14 commercial banks on the list of Karachi Stock Exchange in 1995. Three new Banks namely Faysal, Platinum and Prudential Commercial Bank were listed on KSE during the year under review. The total Paid-up capital of these Banks is...

Refinery. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There are 3 companies on the list of Karachi Stock Exchange in the refining sector. Total Paid-up Capital of these companies stood at RS.941.39 million, while Free Reserves and Surplus stood at Rs.203.59 million during the year under review....

Sugar & allied. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... Low production of sugar has created crisis in the country. The production target of sugarcane has been fixed at 49.20 million tonnes in 1996-97 The production of sugar stood at 2.5 million tonnes in 1995-96 as compared to 3.0 million tonnes in...

Measures taken to revitalise the textile spinning sector. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There were 235 companies on the list of Karachi Stock Exchange in the Textile Sector (Spinning 157, Weaving 28, Composite 50) in 1995. Of these we have analysed Top 25 companies according to Sales along with 11 companies who have paid...

Valika Art Fabrics has high ratio in earnings. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There were 26 companies on the list of KSE in the Synthetic & Rayon sector in 1995. Of these we have of 21 companies. Many units in this sector are idle and lying closed, such as Karim Silk and Noor Silk. Dhan Fibres came on the list in 1994 and...

Transport & communication. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There are 4 companies on the list of Karachi Stock Exchange in the Transport & Communication section. Total Paid-up Capital of these companies stood at Rs.5678.03 million, while Free Reserves and Surplus stood at Rs.4274.82 million during the...

Tobacco. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... At the time of independence, the country had no large scale cigarette manufacturing units. Due to lack of supply of basic raw material, the investment in industry started in 1950s after a successful plantation of virginia tobacco. Presently,...

High input cost eroded the profit. (Karachi Stock Exchange Ltd. statistics on Vanaspati and allied sector)
December 1, 1996... There were 19 companies on the list of Karachi Stock Exchange in Vanaspati & Allied sector in 1995. Of these we have presently analysed 14 companies for the year 1995. The Annual Reports of Al-Husain Industries, Pak Ghee, S.S. Oil, Suraj Ghee...

Carpet exports increased by 15.66% in 1995-96. (Karachi Stock Exchange Ltd. statistics)
December 1, 1996... There were 9 companies on the list of Karachi Stock Exchange in Woollen sector in 1995. Of these we have analysed 8 companies for the year 1995. The Annual Report of Valika was not available at the time of preparation of this report. Harnai...