Economic Review articles from November 1997

Economic Review archives from November 1997

Government-judiciary crisis. (Pakistan)
November 1, 1997... The executive-judiciary tussle, the inter-court differences and President-Prime Minister conflict have come to a head-on-collision. The casualty list is quite visible and may include some honourable and dignified institutions of the country and...

A tornado turned into breeze in Iraq. (US relations with Iraq)
November 1, 1997... Why the United Nations Security Council should want to compel Iraq to be in confrontation with the world nations over the question of International inspection of its alleged sites for production of mass destruction weapons is difficult to...

Impact of privatisation on overall economic trends. (Pakistan)
November 1, 1997... It is important to recognise that privatisation itself cannot result in an immediate improvement in the overall economic scenario. Fundamental macro-economic constraints such as large fiscal and external account deficit, high rate of inflation,...

Growth target beyond reach. (Pakistan)
November 1, 1997... The economic situation is becoming out of control. Experts now predict that growth target of 6 per cent is not likely to be achieved. Donor agencies are closely watching the situation. According to Prime Minister Nawaz Sharif the economy has been...

Current trends of the stock market. (Pakistan)
November 1, 1997... To understand the current trends it is necessary to refer to the past. The present is best understood in this context. Our history instructs us. We learn about how the market has behaved at various points in time and from this we can draw...

Investment banking - assessor of risk.
November 1, 1997... Investment banking has been very much in the news since a 28 year-old trader recently sank Baring Brothers, the oldest investment bank in Britain. It is in some ways a profession for the young. I don't know what they (the traders) do with...

Crisis in cement industry. (Pakistan)(Industry Overview)
November 1, 1997... Cement industry in Pakistan is undergoing a worst ever crisis in its history. Due to decline in demand on account of slow down of development projects and excessive supply, net prices of cement have constantly been falling as shown in the Graph....

Pioneer Cement Limited. (cement manufacturer)(Company Profile)
November 1, 1997... Mr. Javed Ali Khan, the Executive Director of the Company has a Masters Degree in Business Administration and has been in senior management position for over 27 years with the Noon Group. He has played a pivotal role in the conception and...

Thatta Cement Company Ltd. (cement manufacturer)(Company Profile)
November 1, 1997... Thatta Cement Company Limited is located in the North East of Karachi at Makli - District Thatta over an area of 236 acres. Thatta Cement having production capacity of 3,30,000 tonnes per annum was conceived by State Cement Corporation of...

Export of cement. (Pakistan)(Industry Overview)
November 1, 1997... Two cement plants including Fauji Cement and Saadi Cement have recently started production. This resulted in increasing the installed capacity from 10,492 million tonnes to 13,452 million tonnes. Thus the country will have a surplus of 3 million...

IFC and Pakistan. (International Finance Corp.'s capital infusion in the country)
November 1, 1997... The International Finance Corporation (IFC), a member of the World Bank Group, is the world's largest multilateral source of loan and equity financing for private investment in developing countries. It finances private sector projects, without...

Motorcycle and scooter industry in Pakistan.(Industry Overview)
November 1, 1997... At present there are nine assembly units for the manufacture of motorcycles and scooters. Four of these units are located in Sindh, one in Balochistan, three in Punjab and one in Azad Kashmir. The capacity utilization in the industry is 44 per...

Export problems of cotton yarn - a case study of Faisalabad yarn market. (Pakistan)(Industry Overview)
November 1, 1997... INTRODUCTION Agriculture sector is the single largest source of foreign exchange earnings in Pakistan. Cotton crop occupies the most prominent position in agricultural sector which significantly contributes to the national income, provides raw...

Clearance and restricted documents of foreign trade. (customs restrictions in Pakistan)
November 1, 1997... Some developing country governments also require this inspection to be carried out, by a nominated agency, at the preshipment stage, to ensure that the prices being charged are in line with prevailing market prices in the supplier's country for...

New regulation for banking. (Pakistan)
November 1, 1997... The State Bank has decided that no bank operating in Pakistan will carry on business unless it has minimum paid-up capital of Rs.500 million and unencumbered reserves which are not less than 8% of the risk weighted assets. Accordingly, strict...

Foreign investment in agriculture. (Pakistan)
November 1, 1997... Government has allowed zero-rated tariff for the import of plant and machinery for agriculture sector. Wheat import this year would be about 4 million tonnes. The government has declared 1997-98 as wheat year Sugar production may suffer due to...

Industry. (businesses in Pakistan acquire the ISO-9000 quality certificates)
November 1, 1997... More and more companies have been acquiring the IS0-9000 quality certificates. As many as 55 companies have acquired this certificate in which 12 are local exporters and 22 are multinational companies. About 32 companies are to be cleared next...

Investment. (Pakistan's new investment policy)
November 1, 1997... The new Investment Policy has been termed as radical as it has opened up several sectors for foreign investors including agriculture, real estate, retail and whole sale trade, tourism, and infrastructure development. A composite scheme of...

Energy. (Pakistan's energy industry)(Industry Overview)
November 1, 1997... Pak Refinery is likely to be revived. Another refinery at Port Qasim is being set up by a Swiss firm Super Petroleum Company. This refinery will have a capacity of 135,000 barrels per day and will be built at a total cost of $1.8 billion....

New projects. (Pakistan's new businesses)
November 1, 1997... Several new projects are being set up in the country. A coal fired power plant is being set up at Sharigh near Sibi Balochistan. A most modern marble mill is also being set up in Balochistan. Two 4-5 star hotels are being set up one at Islamabad...

Company Law and Practice in Pakistan.
November 1, 1997... Prof. Dr. Khawaja Amjad Saeed, FCA, FCMA, is a well-known figure and requires no introduction. He is a prolific writer in the field of accountancy, taxation, economics and management. Being a prominent figure in the teaching profession, he has...

Prudential Discount & Guarantee House Ltd.(Company Profile)
November 1, 1997... The forward thrust achieved by the company is visible during the year 1996. Total revenue of the company stood at Rs. 42.72 million in eighteen months period as compared to Rs. 21.53 million in 12 months of the preceding year, exhibiting an...

Investors reluctant to take new positions.
November 1, 1997... Stock market showed a declining trend. General Index of share prices was off 37.17 point and stood at 1847.15 on November 17, 1997 as compared to 1884.32 on October 20, 1997. Aggregated market capitalisation also showed a fall of Rs.50.962...