Economic Review articles from March 1997

Economic Review archives from March 1997

The new NFC award. (Pakistan's National Finance Commission)
March 1, 1997... The National Finance Commission (NFC) has reluctantly finalised its recommendations by consensus for a new NFC Award, the other day in a meeting held under the Chairmanship of the Caretaker Prime Minister at Quetta and has submitted to the...

The Prime Minister's economic agenda. (Pakistani Prime Min. Mian Muhammad Nawaz Sharif)
March 1, 1997... - Challenges, Priorities and Prospects for the New Government The newly elected Prime Minister Mian Muhammad Nawaz Sharif, in his first address to the nation after assuming the Office of the country's Chief Executive, has promised giant strides...

Prime Minister's policy package. (Pakistani Prime Min. Nawaz Sharif)
March 1, 1997... Prime Minister in his speech made no mention about the defaulted loans which stood around Rs.125 billion and the meaningful imposition of agricultural tax. He emphatically ruled out the possibility of slashing defence budget. Government intends...

Will PML(N) be free to implement its manifesto? (Pakistan Muslim League)
March 1, 1997... The results of the general election, held as per schedule on February 3 brought about a tremendous change in the parliamentary set-up of the country. Pakistan Muslim League (Nawaz group) collected 135 (62%) out of 217 seats in the National...

Banking and finance: facing explosive debt problem.(Cover Story)
March 1, 1997... One constant headache of the banking sector is the bank loans to the extent of 130 billion which are outstanding. Out of this amount, Rs. 10.0 billion have been totally written off in the last five years by the banks and DFI's. According reports...

Foreign banks. (Pakistan)(Cover Story)
March 1, 1997... ANZ Grindlays showed the highes profit among the foreign banks Performance of Foreign Banks (December 31, 1996) (Rs. in million) ...

Problems. (Pakistani banking industry)(Cover Story)
March 1, 1997... At present all five major banks have a network of 8,000 branches all over the country of which 2,000 are likely to be closed down. Nationalised commercial bank on average spend 24 per cent of their income and 36 per cent of their total...

Shortfall in wheat production. (Pakistan)
March 1, 1997... AGRICULTURE Pakistan will not be able to achieve wheat target of 18 million tonnes. Total wheat yearly demand is 20 million tonnes. The deficit will have to be made by imports cotton production is estimated at 9.2 million. The spinners claimed...

Industry. (Pakistan)
March 1, 1997... Pakistan textiles face a threat of antidumping moves from the European Union (EU) has also increased duty on leather imports from Pakistan. Production Capacity of polyester fibre industry has now increased to 389,500 tonnes against a demand of...

Economic planning. (Pakistan)
March 1, 1997... The Economic Committee of the National Economic Council (Ecnec) approved the macroeconomic framework and development plan for the next five years, that is 1996-97 to 2000-2001. The actual performance of private investment during first three years...

Surgical operation needed to salvage financial system. (Pakistan)(Transcript)
March 1, 1997... The disease of loan defaults took killing proportions from the late 1980s but systematic data are available only for the last few years. According to the latest information available at the State Bank of Pakistan, loan defaults of Rs.1 million...

Three pronged strategy for economic revival. (Pakistan)
March 1, 1997... A 3-pronged strategy has been prepared for the last quarter of the current fiscal year. In the first instance, short-term targets will be fixed on the basis of the findings of the eleven committees set-up at the Businessmen's Convention held in...

Reflections on the forthcoming budget. (Pakistan)
March 1, 1997... The new government of Nawaz Sharif will call the shots in presenting its maiden budget next June. This budget is being presented in the backdrop of the novel ongoing year in which each of the four months was dominated by three governments of PPP,...

UBL privatization: a public opinion based study. (Pakistan)
March 1, 1997... Public Enterprises a Free-Dinner Concept In the 1950's and 1960's, the dominant view in developing economies was that the market based system failed to work efficiently in the developing countries. There was a need for active government...

Currency watch & currency talk. (Pakistan)
March 1, 1997... Local Scenario The month of February, 1997 was the month of miracle in the monetary history of the country. Newly elected Prime Minister Mian Nawaz Sharif turned this dry and material subject of money and economy into a spiritual one and...

Agricultural Development Bank of Pakistan.
March 1, 1997... Amongst all economic sectors, the contribution of Agricultural sector towards the gross domestic product (GDP) of Pakistan is pre-dominant. During the last fiscal year 1994-95, the contribution of agricultural sector was about 26 percent to GDP...

Risk management a comprehensive service of EFU General. (Pakistani insurance firm)
March 1, 1997... Risk Management is a multi dimensional discipline. It is the rational handling of risk situation. The idea is to protect a given unit from the dangers that threaten it now and in the future. Any advice given to a client on appropriate insurance...

The role of IMF conditionalities in Pakistan's economic well being.
March 1, 1997... The role of IMF Conditionalities in Pakistan's Economic well being was the topic of discussion at the Economic Society '97 Seminar. Dr. Arshad Zaman former Chief Economist & Planning Secretary to Government of Pakistan said that nothing was wrong...

Bureaucratic approach: a speed breaker in the way of progress & prosperity.
March 1, 1997... Complaints are pouring in on the pages of newspapers that a number of government departments are not cooperating with the general public unless they are palm greased to some extent. The same complaints are received in respect of financial...

Justice Dorab Patel - unjustified call of death.(Obituary)
March 1, 1997... An eminent lawyer, a champion of human rights, an illustrious son of Pakistan, a prominent judge, and an undaunted jurist, Mr. Justice Dorab Patel breathed his last on March 15, 1997 in the evening hours at about 4.50 p.m. at the Kidney Centre,...