Economic Review articles from June 1997

Economic Review archives from June 1997

Violence on the loose in Karachi.
June 1, 1997... The situation in Karachi is again back to square one. The city is witnessing another blood bath with no end insight. People are scared and frightened. Uncertainty looms large over the city. Industrial and shopping activity is coming to a halt....

Khatami's victory - an upsurge of modernism in Iran. (newly-elected president Mohammad Khatami)
June 1, 1997... Dr. Mohammad Khatami (54), an open-minded leader of Iran, came out successful in the presidential election defeating Ali Akbar Nateq Noori, a conservative who is one of the most faithful followers of Ayatullah Ruhollah Khomeini. Khatami was...

A no-tax budget for 1997-98: a review. (Pakistan)(Cover Story)
June 1, 1997... * The budget 1997-98 must be viewed as a chain link with the economic package announced on March 28. * In the case of shortfall in revenues or excess expenditure, the bank borrowing estimate of Rs.54.9 billion for the new fiscal year will...

Taxation proposals. (Pakistan)
June 1, 1997... Basic objective of the budget is to pull Pakistan out of the quagmire of foreign debts from generating more resources from an expanded tax base. Income Tax 01. Our tax proposals are designed to provide relief to the taxpayers and to develop...

Budget reactions. (Pakistan)
June 1, 1997... The former premier pointed out that the measures announced in the budget for cement industry was an act of vendetta to force the closure of Lakki Cement Bestway, Saadi Cement and Fauji Cement and would deprive the people of NWFP of source of a...

Chemical industry in Pakistan.(Industry Overview)
June 1, 1997... At the time of independence in 1947, Pakistan has no industrial base. It heavily depended on imports of items such as textiles, matches, paper, glass, glassware, ceramics, cement, paints, pharmaceuticals, and in fact every conceivable item of...

Fertilizer industry. (Pakistan)(Industry Overview)
June 1, 1997... It is evident that due to deregulation of fertilizer industry, the prices of artificial manures have increased considerably. Because a sharp increase in the cost of fertilizers and pesticides, production has not risen to the required level. This...

National caustic soda industry - problems and its remedies. (Pakistan)(Industry Overview)
June 1, 1997... Caustic soda is a basic and very essential chemical, even known in the history, which caters for the needs of Soap, Textile, Power Generation, Oil and Vegetable Ghee, Fertilisers, Paper and Board, Pharmaceuticals, Beverages, Petroleum, Defence,...

Di-octyle ortho phthalate (DOP).
June 1, 1997... Di-Octyle Ortho Phthalates, commonly known as "DOP", is a basic raw material for a number of downstream industries. It is used as plasticizers with properties of volatility, excellent compatibility, good flexibility, low temperature applications...

Chemical companies on KSE - 1996. (Karachi Stock Exchange)
June 1, 1997... The total Paid-up capital of 23 chemical companies stood at Rs. 9946.96 million and Free Reserves and Surplus stood at Rs. 14626.45 million during the year 1996. The average earning per share of these companies stood at Rs. 7.93 during the same...

ICI Pakistan's PTA plant investment in the future. (pure terephthalic acid)
June 1, 1997... ICI Pakistan, in the latter part of 1995, announced a plan to set up a plant in Pakistan to manufacture Pure Terephthalic Acid (PTA) - an essential raw material used for the manufacture of Polyester Staple Fibre and PET bottle polymer industries....

Fauji Fertilizer Company Ltd. - a performance oriented company.
June 1, 1997... During the mid 70's the Government of Pakistan expressed the desire that Fauji Foundation should look into the possibility of establishing a urea manufacturing plant to fill the projected gap in demand and indigenous production. The shortfall was...

Engro Chemical building on success.
June 1, 1997... Engro Chemical is a major fertilizer company of Pakistan. In the past five years the company has taken significant strides in growing its sales, plant capacity and financial strength. A major turning point in the company's 30 year history...

Engro Paktank Terminal Limited - Integrated Bulk Liquid Chemical Terminal & Storage Farm at Port Qasim.
June 1, 1997... Engro Paktank Terminal Ltd., (EPTL) a joint venture company formed by Engro Chemical Pakistan Ltd. (Engro) and Paktank Asia Pacific b.v. (Paktank) a subsidiary of Royal Pakhoed n.v. from the Netherlands, is presently building an Integrated...

Metal Formings (Pvt.) Ltd.(Company Profile)
June 1, 1997... "The Erectors" a part of the "Metal Forming Group of Companies" has covered many landmarks in short span of 8 years. The success story of this group with special reference to "The Erectors" has been the efforts put in by Moulood Ahmed Shahid,...

Agriculture. (Pakistan)(Industry Overview)
June 1, 1997... Pakistan's cotton production fell to an estimated 8.7 million bales this year from 9.9 million bales in 1996 due to pest attacks, bad seed, and dry weather. The agriculture sector will not be able to repeat last year's performance as the growth...

Industry. (Pakistan's sugar, caustic soda and automobile industries)(Industry Overview)
June 1, 1997... The Society refuted the fear of a sugar crisis in the country. It estimated the total availability of sugar at 2.87 million tonnes, including domestic production as well as imports. The government post haste announced the new structure of duty on...

Energy. (Pakistan's oil and gas industries)(Industry Overview)
June 1, 1997... Pakistan and United Arab Emirates have agreed to start work on oil refinery project in Multan in this year About 15 billion cubic feet of natural gas reservoirs have been found along Balochistan coast particularly Gwadar and Pasni coastal areas...

New projects. (foreign investments in Pakistan)(Industry Overview)
June 1, 1997... Sintra Fund a global fund specializing in equity investment - has signed an equity participation agreement to invest $750,000 in World call, a smart-card payphone operator in Pakistan. McDonald's Corp. has announced plans for development of their...

Incentive package - a non-starter. (Pakistan's stock market)
June 1, 1997... The downswing in the stock market continued unabeted. The KSE index went down to 1507.76 early this month as compared to 1547.51 thus losing 39.75 points. Aggregate market value stood at Rs.469.267 billion showing a loss of Rs. 10.405 billion...