Economic Review articles from June 2002

Economic Review archives from June 2002

The real budget is yet to come. (Letters to the Editor).
June 1, 2002... The finance minister has termed the budget as investment-friendly with the aim to reduce the cost of doing business in Pakistan. Time will show whether it is so. However, it must be said to the government's credit that the budget maintains...

Budget for education. (Letters to the Editor).
June 1, 2002... The finance minister has stated that the government was making extraordinary efforts to boost the quality of education and Rs.2.6 billion would be spent on it this year. The fact is that the allocation for education this year has been 20 per...

GST on medicines. (Letters to the Editor).
June 1, 2002... After the imposition of GST on drugs the CBR had announced that the government would earn Rs.5 billion from drugs and that the amount would be spent on the health sector. But according to the federal budget, only Rs.3.3 billion will be spent on...

Stop agriculture corporatization. (Letters to the Editor).
June 1, 2002... The unilateral step taken for the corporatization of agriculture without taking into account the opinion of the majority of stakeholders is a wrong move. Only foreign investors, local feudals and agriculture-based businessmen will benefit from...

Budget: - no relief. (Letters to the Editor).
June 1, 2002... In the budget for financial year 2002-03 the prices of cold drinks and cars have been brought down while those of ghee, bread, edible oil, flour, pulses, diesel, cement, gas, soap, detergent and agricultural commodities are likely to shoot up....

Automobile industry and the new budget. (Editorial).
June 1, 2002... The performance of the automobile sector during 2001-02 (July-April) was lacklustre as its growth fell to 2.8 per cent from 23.2 per cent in the corresponding period last year. Noticeable decline was witnessed in the production of buses and...

SBP, watchdog or manager. (Comment).
June 1, 2002... Addressing the inaugural session of the Conference on the Financial System of Pakistan, organized by the State Bank of Pakistan in Karachi recently, Finance Minister Shaukat Aziz underscored the need of introducing second generation reforms...

Pakistan: a consistent market for palm oil.
June 1, 2002... I am fully aware that the market for palm products in the subcontinent i.e. India and Pakistan plays a very important role in determining the price direction for the Malaysian market. The theme of my paper is "consistency". The Malaysian...

Review of federal budget (2002-03). (Cover Story).
June 1, 2002... The federal budget (2002-03) third time presented by finance minister Shaukat Aziz, on June 15 is in consonance with the broad contour of macro-economic stability programme as enunciated by Poverty Reduction and Growth Facility (PRGF) of IMF...

Taxation proposals. (Cover Story).
June 1, 2002... The main objectives of tax policy were: * Reduction in number of taxes, both at the federal and provincial levels; * Reduction in tax rates and penalties; * Simplification of assessment and collection procedures; * Reforms in...

An appraisal of budget 2002-03. (Cover Story).
June 1, 2002... People belonging to stock market have hailed the federal budget for the year 200-03 presented by Finance Minister Shaukar Aziz, terming it 'capital-market friendly'. They said that relief announced curtailing withholding tax on mutual funds and...

Highlights of provincial budgets. (Cover Story).
June 1, 2002... PUNJAB Punjab Finance Minister Tariq Hameed recently announced the provincial budget for the year 2002-03 with total outlay of Rs.137.85 billion, showing a net surplus of Rs.13.075 billion. No fresh taxes have been imposed. However, the...

Budget 2002-03 and the automobile sector. (Cover Story).
June 1, 2002... The decision of the government of Pakistan in the budget 2002-03 to reduce custom duty on import of built up cars ranging from 25 to 50 per cent and on motorcycles by 30 per cent would cause a serious set back to the progressive manufacturing...

Car production slows down - 2002. (Cover Story).
June 1, 2002... Car production of some assemblers has shown a decline in May as compared to April figures despite clear warning from Commerce Minister, Abdul Razzak Dawood two months back asking them to increase the production to overcome demand. ...

Sohrab: - a success story. (Cover Story).
June 1, 2002... Pakistan Cycle Industrial Cooperative Society Ltd. (PCICS), popularly known as Sohrab is a unique success story of a private enterprise owned and managed by a Cooperative Society Starting out in 1953 as a assembly plant for bicycles, PCICS is...

Bank Alfalah attains niche in car leasing. (Cover Story).
June 1, 2002... * Bank Alfalah in past five years assumed a brand new identity plied with a spurred vision and revived commitment, following privatization of H. E. C B. In 1997. Since then, the board and d management of the Bank have implemented strategies and...

Standard Chartered starts car leasing. (Cover Story).
June 1, 2002... Another deal on four wheels? That's right! The long awaited sequel to 'Want a deal' and '8 deals on 4 wheels' launched by Standard Chartered of May 28, 2002 has taken the car financing market by storm. The blue and green cars used in the...

Gleanings from the press. (International Round-Up).
June 1, 2002... Japan's Economy Shows Signs of Recovery Japan's economy showed signs of recovery in March as the jobless rate fell and consumer prices rose from a month earlier, but after a year in office Prime Minister Junichiro Kaizumi still has work to...

Rupee maintains stability. (Currency Market).
June 1, 2002... The rupee continued to maintain relative stability during May in the post-9/11 scenario. In the inter-bank market, the rupee moved in the narrow band of 60.10 and 60.13 per US dollar (buying) and 60.12 and 60.13 (selling). The value of dollar...

Bears emerge amid tension with India. (Stock Market).
June 1, 2002... The month of May recorded a sharp decline in KSE 100 index by more than 200 points or 12.3 per cent primarily due to perception of threat of war with India which resulted in panic selling in shares of blue chips and multinational companies. The...

Price situation.
June 1, 2002... (May 2002) Like April, May also witnessed mixed trend in Karachi commodity market. Upward trend was noticed in the prices of wheat, gram imported, rapeseed, cottonseed oil cakes and gold. The price of wheat rose after the plunge in April...