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Economic Review articles from March 1995
Quarterly journal provides articles, index and abstracts on financial institutions and markets, economic forecasting, macroeconomics, monetary policy, payment systems and international and regional economics.
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Economic Review archives from March 1995
The new wave of killing in Karachi. (US Consulate staffers killed in Karachi, Pakistan)
March 1, 1995... The Rangers have been empowered to arrest, investigate and prosecute the lawless elements. Evidently this should reinforce normalcy in Karachi. However, if it becomes a source of public harassment to extort money from poor citizens, the decision...
The 3rd round of privatisation: - government needs cautious approach. (Pakistan)
March 1, 1995... The Privatisation Commission has so far handed over about 70 public sector industrial units and banks to the private sectors since the beginning of privatisation process in the country by premier Benazir Bhutto during her first tenure in 1988....
Performance of banking finance sector. (Pakistan)(Cover Story)
March 1, 1995... Banks may overcome their difficulties as the ceiling on the maximum mark-up rate has been removed. This limit imposed in November 1994. The new areas of banking business like credit cards are coming up. However banks are likely to face difficult...
The feasibility of plastic money in Pakistan. (credit cards)
March 1, 1995... Lately, credit cards are being talked about in Pakistan more loudly and also much more frequently than ever before without of course tracing their limitations, particularly in a developing country.
Those in the business of selling these cards...
Leasing: - a convenient mode of financing.
March 1, 1995... Now-a-days leasing is becoming a popular mode of financing in Pakistan. There are 25 companies listed on the Karachi Stock Exchange (KSE), as on December 29, 1994, with a market capitalisation of Rs. 8,286.81 million which constituted 2.05 per...
Certificates of musharaka. (Islamic financial instruments)
March 1, 1995... A major breakthrough in resource mobilization was achieved by the Modaraba Sector when in October 1994 the Registrar of Modarabas finalized the guidelines for issuance of Certificates of Musharaka. Since the inception of Modarabas in early 80's...
Modarabas: - excessive control stunts development. (Islamic financial system)
March 1, 1995... It is necessary now that the government should remove the impediments restricting the operation of this Islamic mode of financing. The eyes of other Muslim countries - which also want to adopt this interest (Riba)-free financial system - are on...
Investment banks in Pakistan.(Industry Overview)
March 1, 1995... Investment bank is an institution which facilitates the flow of money from the lender to the borrower. It is a bridge between shortage and excess of capital, or simply a link between the users and providers of capital. The party that desires to...
Who's who in banking and finance sector. (Pakistan)
March 1, 1995... Mr. M.B. Abbasi has been appointed President of National Bank of Pakistan. Mr. Abbasi will now be heading the fourth DFI bank after having acquired vast and successful experience as Chief Executive of Pakistan Industrial Credit and Investment...
Future role of insurance industry in Pakistan.(Industry Overview)
March 1, 1995... The insurance must be one of the few businesses in the world - apart from psychiatry - which profits from paranoia. Why else should any customer pay a premium to obtain the equivalent of a commercial talisman, as a protection against unforeseen...
Major issues in agricultural financing and their possible solutions.
March 1, 1995... Agriculture remains the mainstay of the Pakistan economy. Farming and related activities accounts for about 25 per cent of our gross domestic product (GDP) and about 45 percent of our export, Agriculture which would include farming and allied...
Need for a guideline for pharmaceutical industry. (Pakistan)(interview with Dr. Khalid J. Choudhry)(Interview)
March 1, 1995... Dr. Khalid J. Choudhry is the Chairman and Chief Executive Medipak Ltd. In an exclusive interview with ER Dr. Khalid suggested that government should set certain guide lines for setting up a pharmaceutical unit. There should be strict and...
Crisis in Nigeria - dawning of a new dark age.
March 1, 1995... As the political crisis escalates, dangerous separatist tendencies are being unleashed, and the country risks once again spiralling towards civil war. Human Rights Watch/Africa warns that the widespread abuses committed by the military regime...
ICI record sales all round - a determined effort for expansion. (ICI Pakistan Ltd.)(Company Profile)
March 1, 1995... The company achieved record sales in business except in pharmaceuticals during the year under review. The company is continuing with its strategy of improving operating efficiencies, expanding existing operations in line with market growth, and...
Steep downturn. (Pakistani stock market)
March 1, 1995... The downward trend of stock market was resisted. However, the General Index improving slightly to 227.50 on February 2, took a downturn to 222.43 on March 9, 1995. The market was largely affected by the death of two American staffers in Karachi....