Economic Review articles from October 2002

Economic Review archives from October 2002

Budget deficit target attainable. .(Editorial)
October 1, 2002... During the current fiscal year 2002-03, budget deficit fixed at 4 per cent of GDP -- in contrast to actual 6.6 per cent last year--was based upon the assumption of 4.5 per cent growth in GDP. The deficit target, as the data released for the...

An appraisal of SBP Report. (Comment).(state bank of Pakistan)(Column)
October 1, 2002... Toeing the line of the government, the Report asserts that the macro-economic reforms of 200l-02 are not frittered away. "The key policy challenge for the government in FY03 therefore is to stay the course by remaining fully committed in...

State Bank of Pakistan Annual Report (2001-02) - an overview of prospects and executive summary.
October 1, 2002... Contrary to earlier fears, Pakistan's economy performed reasonably well in FY-02. In particular, the tremendous improvement in Pakistan's external sector post-September 2001, either directly or indirectly, contributed to positive developments...

Basic Economic Indicators of Pakistan.(Illustration)
October 1, 2002... Federal Capital: Islamabad Provincial Capitals: * Punjab Lahore * Sindh Karachi * N.W.F.P. Peshawar * Balochistan Quetta Languages: * National Language Urdu * Official Language English Regional...

Foreign investment and Pakistan. .(Cover Story)
October 1, 2002... The preponderance of IMF stabilisation programme militates against foreign investment. High taxes and frequent hikes in petroleum, gas and electricity prices raise the cost of production which in turn impedes exports and gobbles the purchasing...

New trends in growth.
October 1, 2002... The political stability is a crucial factor for economic prosperity of a country. The main growth factors, i.e., labour, human and real capital and technology are all mobile and can be easily imported whereas the political system can not be...

Sustaining growth in foreign trade.
October 1, 2002... Pakistan's trade gap has improved in the last four months by over two per cent compared to what was recorded in the same period last year. This has happened at a time when exports have gone up by 15 per cent overtaking imports by a significant...

US programme for education.
October 1, 2002... Purpose The purpose of this Strategic Objective Grant Agreement (the "Agreement') is to set out the. understanding of the parties named above (the "Parties") about the Strategic Objective described below: Strategic Objective and...

Leaders in industry: The following pages include life sketches of leaders in industry who are contributing to the industrial growth of Pakistan.(Biography)
October 1, 2002... Having more than 35 years of rich experience in trading, export and industrial management Mr. A. Razzak Tabba is the Chairman of Yunus Brothers Group, which is one of the largest export house of the country. Presently he is: Chairman/Chief...

Restructuring Tarbela.(dam )
October 1, 2002... Should Tarbela be with WAPDA? The answer is no, Tarbela was constructed as part of the Indus Basin Treaty to provide storage of 9.4 MAF. Tarbela makes a major contribution to the national economy. It provides nearly 30 percent of all the...

Energy and higher growth.
October 1, 2002... God has gifted Pakistan with huge reserves of coal which according to an estimate, are exceeding 90 billion tonnes sufficient to generate 60,000 mw of energy over 100 years, but these reserves have not been harnessed as yet. The hydro potential...

Export of vegetables, fruits and the economy.
October 1, 2002... Pakistani fruit and vegetables are being demanded in almost all over the world. Presently Pakistan is exporting fruits and vegetables to the USA. the Europe. A Middle East, Far East. India and Sri Lanka. Mango, Kinno. apple. dates. pine nuts....

Dates: The chief of all fruits in the world.
October 1, 2002... INTRODUCTION Dates, rich in carbohydrates, minerals and vitamins, are cultivated mainly in warmer regions of Asia and Africa. The fruit is also grown in some parts of Europe and the USA. Global production stood at 5.46 million tonnes...

Planning tobacco crop.
October 1, 2002... Tobacco crop is highly fascinating by any yard-stick. Not only it involves scientific treatment, but also special attention by the producers during the production, curing and marketing stages. This crop also carries a great economic...

ABB and ICI to collaborate in Pakistan and UAE. (Company Profile).
October 1, 2002... Memorandum of understanding signed fort he pro vision of engineering services and solutions ABB, the leading power and automation technology group, has signed a memorandum of understanding with 101 Pakistan in London, for the provision of...

Pakistan's most prestigious E-Commerce project. (Company Profile).(Kalia Group)
October 1, 2002... Introduction of Kalia Group: Kalia Group is Pakistan's most well known conglomerate business group with independent companies operating in the fields of Stock Exchange Trading Imports and Exports, Security Vault, Information Technology...

Implementation of existing policies to be ensured: Jatoi. (News & Views).(Liaquat All Khan Jatoi)
October 1, 2002... Federal Industries Minister Liaquat All Khan Jatoi recently asked PIDC to convert its vacant plots at Korangi and Javedan Cement factory into industrial estates with "one-desk operation' to foster industrialisation in the country. He was...

Tax-free zone for pharma sector stressed. (News & Views).
October 1, 2002... Federal Health Minister, Nasir Khan has expressed the need for establishment of tax free industrial zone for the pharmaceutical sector to produce life saving drugs at affordable prices. The investments of national and multi-national companies...

Board set-up to stabilise, develop sugar industry. (News & Views).
October 1, 2002... The government has constituted a 12-member board for stabilisation and development of sugar industry, which shall be headed by Finance Minister. Other members will be Secretary industries and Production, Secretary Commerce, Secretary Finance,...

Cement sector shows healthy growth. (News & Views).
October 1, 2002... The cement sector showed healthy growth in four months of this fiscal year as sales recorded an increase of 12% after exports in Afghanistan and increase in demand in domestic construction industry. After having gone through a five-year...

Bush names 16 indicators to assess poor nations. (News & Views).(George W. Bush)
October 1, 2002... Islamabad 14.12.02: The United States has listed 16 performance indicators that will be used to determine the eligibility of poor countries for development assistance from the Bush administration new Millennium Challenge Account. "We must...

Gleanings from the press. (International Round-Up).
October 1, 2002... New WTO Chief Urges EU, US to End Disputes New World Trade Organization chief Supachai Panitchpakdi, a former deputy prime minister of Thailand, on September 2 urged the European Union and the United States to avoid major clashes for the...

Price situation (September 2002).
October 1, 2002... Karachi wholesale market showed mixed trend during September as the prices of essential items edged up marginally amid light trading. Prices of some of the essential items did rise but were orderly as supply gaps were quickly filled in by the...

Rupee remains strong. (Currency Market).
October 1, 2002... During the month of September, the third month of the current fiscal year, the rupee remained strong against the greenback in line with the trend prevailing over the last twelve months. The rupee gained 0.4 per cent in the inter-bank rate...

Bulls in the ring. (Stock Market).
October 1, 2002... September witnessed bullish stock market as the KSE index rose 3.4 per cent(or by 66.17 points) and aggregate market capitalisation by 2.8 per cent (or by Rs.72.55 billion). The KSE index crossed 2000 mark for the first time in two and a half...