Economic Review articles from November 2004

Economic Review archives from November 2004

A classic in monetary literature.
November 1, 2004... This is the fourth volume of the history of our central bank by Mr. Ashraf Janjua, who is an outstanding economist, and a former Deputy Governor and Chief Economic Advisor of the State Bank of Pakistan. In his earlier book, which covered the...

GDP rose by a robust 6.4% during FY04: SBP annual report.
November 1, 2004... The growth momentum of the economy continued to accelerate in FY04, with real GDP rising by a robust 6.4 per cent, well above the 5.3 percent target for the year, says the State Bank's Annual Report for the year 2003-04 which was released on...

Quality of economic growth.
November 1, 2004... An impressive industrial recovery during the fiscal 2004 was driven by the domestic demand stemming from rising investment as well as strong external demand. Yet, the quality of economic growth was poor compared to 2003 as it was concentrated...

New report analysis on magnesium metal supply and demand worldwide.
November 1, 2004... World consumption of magnesium metal in 2003 was around 660,000, arise 322,000t over the 338,000t used in 1993, according to a new report from market analyst Roskill. Currently around 75% of total demand is accounted for primary magnesium....

Agricultural achievements in the country.
November 1, 2004... Pakistan occupies the North-eastern part of the Indo-Pakistan sub-continent between 23 degree and 37 degree north latitude and 62 degree and 75 degree east longitude. The length and width, it covers is approximately 1400 kilometers and 500...

Planning 2005 crop in Pakistan.
November 1, 2004... According to legal requirements, the tobacco manufacturing and/or exporting companies are required to indicate their tobacco requirements by the 21st of October of each year in respect of the ensuing crop to the Pakistan Tobacco Board. After...

Leaders in industry: the following pages include life sketches of leaders in industry who are contributing to the industrial growth of Pakistan.
November 1, 2004... Mr. Munawar Baseer Ahmad is the Chief Executive and Managing Director of SSGCL, Karachi. He has the preparation of a 5-year Natural Gas Development Programme and also a 20-year strategic plan is being prepared for ensuring energy security and...

Lucky Cement's Ambitious Expansion Program to Enhance capacity to more than 21,000 tons per day.(COMPANY PROFILE)
November 1, 2004... Lucky Cement Limited sponsored by well known "Yunus Brothers Group--one of the largest textile export house of Pakistan" is presently a 5,000 Tons per day, dry process cement plant, located in Pezu, Distt. Lakki Marwat on main Indus Highway...

Siemens Pakistan Engineering Company Limited.(COMPANY PROFILE)
November 1, 2004... Siemens Pakistan Engineering Co. Ltd. has its headquarters in Karachi, with regional branches in Lahore and Islamabad and Quetta. It has two joint ventures with Government of Pakistan--Telephone Industries of Pakistan Ltd. (TIP), Haripur and...

International Industries Limited.(COMPANY PROFILE)
November 1, 2004... Executive Summary International Industries Limited incorporated in 1948 as a trading company, ventured into the business of manufacturing high quality welded steel pipes and tubes in 1965. The first pipes to roll out were high quality...

Al-Hamd Textile Mills Limited.(COMPANY PROFILE)(Company Profile)
November 1, 2004... BRIEF HISTORY AND MANAGEMENT AL-Hamd Textile Mills Limited was once part of a group of companies led by Sheikh Imdad Ahmed (late) as its chairman and the founding force. Previously, he had conceived, established and successfully managed...

Pakistan Machine Tool Factory.(COMPANY PROFILE)
November 1, 2004... Pakistan Machine Tool Factory (PMTF) is a precision and high-tech engineering goods manufacturing enterprise in Pakistan, established in technical collaboration with Masers Oerlikon Buhrle & Co. of Switzerland who are world's renowned...

MESEC.(COMPANY PROFILE)(Modern Equipment Services & Engineering Consultant)
November 1, 2004... We MESEC (Modern Equipment Services & Engineering Consultant) Pakistan the leading well known organization in automotive industry, was established in 1990. We are the first who promote diagnostic and other equipment's in the business of...

Clariant Pakistan Limited.(COMPANY PROFILE)
November 1, 2004... The company is a subsidiary of Clariant International Limited incorporated in Switzerland. Clariant Pakistan Ltd. manufactures and sells chemicals, dyestuffs, emulsions and master batches. It also acts as indenting agent. The company is a...

Abbott Laboratories (Pakistan) Limited.(COMPANY PROFILE)(Company Profile)
November 1, 2004... This Pakistani subsidiary of US Multinational Corporation has attained Rs.4 billion sales registering 12.7% growth. Export sales also registered impressive growth of 22.6% which mainly comprised consignments to Sri Lanka and Bangladesh. Sales...

Parke, Davis & Co. Ltd.(COMPANY PROFILE)
November 1, 2004... This multinational pharmaceutical unit based in SITE Karachi has shown loss in 3rd quarter ended Sept. 30, 2002. The other significant event is the change in its leadership. During the month of September 2002, two members of the Board of...

Sigmen.(COMPANY PROFILE)(Company Profile)
November 1, 2004... M/S. SIGMEN was established in 1995. CDA approved contractor of electrical, mechanical & civil work. The Company is registered GST & NTN and the active member of Chamber of Commerce & Industry. Projects In Hand 1. Passenger Lift for...

Oracle buys PeopleSoft.(COMPANY PROFILE)(Brief Article)
November 1, 2004... Oracle and PeopleSoft Sign Definitive Merger Agreement Karachi. 14-DEC-2004 Oracle Corporation today announced that it has signed a definitive merger agreement to acquire PeopleSoft, Inc. for $26.50 per share (approximately $10.3...

State Bank grants permission to Exchange Companies to establish Payment Booths.
November 1, 2004... In order to facilitate and further promote Home Remittances, the State Bank has authorized all Exchange Companies, established under F.E. Circular No. 09 dated July 30, 2002, to establish Payment Booths after obtaining prior approval from...

State Bank extends remittance facility for I.T. services to branches of foreign companies.(Information Technology services)(Brief Article)
November 1, 2004... The State Bank has decided to extend the remittance facility for payment on account of Information Technology services to those branches of foreign companies also, which are operating in Pakistan with the permission of Board of Investment to...

State Bank to charge renewal fee for banking/branch licences from banks.
November 1, 2004... State Bank to Charge Renewal Fee for Banking/Branch Licences from Banks The State Bank, in line with international practice, has decided to charge the following fees from banks for commercial banking and branch licences:- Fee...

State Bank to make payment of oil imports.
November 1, 2004... The State Bank will make all payments of oil imports from the foreign exchange reserves. 'We have decided that to stabilize the interbank market, the State Bank will payments for oil shipments from its own resources, 'Dr. Ishrat Husain,...

2005 Merck Calendar with modern and ethnic fashion.(PRESS RELEASE)
November 1, 2004... Merck Marker launched its 2005 Calendar at a glittering ceremony held at the Darbar Hall at Sheraton Hotel, Karachi. Merck, once again, through its 2005 Calendar has kept alive the tradition of supporting local art and culture. The Calendar...

Some observations on the management of turnip insect pests.
November 1, 2004... Turnip (Brassica rapa L.) is a root Brassica crop, member of the mustard (Cruciferae) family and is therefore related to cabbage and cauliflower. Turnip has been used as a vegetable for human consumption since long times. Turnip root has been a...

Overview of renewable energy sources.
November 1, 2004... The past decade has seen a worldwide revival in the interest in renewable energy technologies. The World Summit for Sustainable Development (WSSD) in Johannesburg attempted to set targets for renewable energy in the energy mix of the world. The...