Economic Review articles from September 2002

Economic Review archives from September 2002

GCC demand starts to slow but major Asian growth forecast. (Press Release).(ground calcium carbonate )
September 1, 2002... The very steep increase in GCC production and consumption seen in the last 10 years is forecast to slow, according to a brand new report from global market analyst Roskill. The Economics of Ground Calcium Carbonate (First edition, 2002) says...

New government in the dock: post-election economic scenario.(Pakistan)(Editorial)
September 1, 2002... Critical questions portend over the post-election scenario. Given the fact of refrain of "continuity" advocated by President Musharraf finance minister Shaukat Aziz as well as the international financial institutions supplemented by various...

When bank credit starts falling.
September 1, 2002... The businessmen claim, and lower level hankers admit that they are losing interest in initiating credit proposals of new borrowers because the banks demand disclosure of so much information that the parties cannot furnish. A grade 11 officer of...

Bank cut lending rates.(Pakistan)
September 1, 2002... All the nationalised, private and foreign banks reduced the lending rates by an average by 239 basis points during the last fiscal year while the rate of return to depositors also shrank by 82 basis points. The State Bank of Pakistan has...

NBP to be privatised.(National Bank of Pakistan)
September 1, 2002... The consistent increase in non-performing portfolio of banks has now stopped, as banks are directed not to offer loan facility under any political influence or recommendation. He said Central Bank has encouraged the merger in banking sector...

Privatisation of UBL.(United Bank Limited, Pakistan)
September 1, 2002... Privatisation Commission had received 21 Expression of Interest for 51 per cent shares of UBL offered for sale. Of these parties, seven groups are from Middle East, four from UK, two from US and eight from Pakistan. Those groups from Middle...

Banks allowed to finance consumer durables.(Pakistan )(Brief Article)
September 1, 2002... The State Bank has allowed banks for financing consumer durables, a move to boost the industrial and trading activity in the country. The Bank issued a circular recently which has removed the restrictions of submitting income tax and wealth tax...

Performance of banks.(Pakistan)
September 1, 2002... The main factors responsible for stagnancy in deposit rates were increased administrative cost of financial institutions, overstaffing and increasing volume of non-performing loans and defaults. The increased cost of inefficiencies was passed...

Leasing operations in Sindh.(includes list of leasing companies in Pakistan)
September 1, 2002... The province of Sindh has played a very pivotal role in the progress of leasing industry in Pakistan -- particularly during 1984 to 1991. Leasing companies have extended lease financing mostly for Balancing, Modernization and Replacement...

Engro plans to invest in Oman. (Press Release).(Engro Chemical Pakistan Ltd.)(Brief Article)
September 1, 2002... Engro Chemical Pakistan Limited is pleased to announce its intention to build a world scale Ammonia Urea fertilizer complex in the Sultanate of Oman. A Memorandum of Understanding has been signed between Engro and Oman Oil Company to...

Agriculture in Sindh Vital for prosperity.
September 1, 2002... Pakistan is predominantly an agriculture country. Sindh is the second important province contributing to the Agricultural economy. However the country needs to achieve her goal of self sufficiency in the coming years and we have to catch up the...

Fruit, vegetable processing industry.
September 1, 2002... One would be wonder-struck to know that the number of fruit and vegetable processing units in the country at the time of independence was as high as 255, according to the official records of the Department of Industry of the defunct provincial...

Date: the fruit of life.
September 1, 2002... Through ages, dates have been held in very high esteem in all regions of the world. The fruit and its palm have been referred to more than twenty times in the Holy Quran. As it is Sunnah to do so, Muslims around the world break the fast with...

Construction industry.(Pakistan )
September 1, 2002... The construction sector in Pakistan has played an important role in providing jobs and revival of economy. It provides jobs to about 7 per cent of the total employed labour force or to 2.5 million persons, during 1999-2000. Globally,...

Coal and self-reliance.(Sindh Coal Authority)
September 1, 2002... Meshe International, a UK based company is visiting Pakistan from 17th to 28th September, 2002. They have shown their interest for the project at Lakhra coal-field relating to Coal Washing Plant, which would decrease sulphur and ash, which can...

Labour Policies: a critical review.(Pakistan)
September 1, 2002... Labour Policy 2002 is the fifth one that has been approved on September 21 by the federal cabinet during the fourth military regime. Out of the remaining four earlier labour policies, two were also announced by military regimes, respectively in...

Gleanings from the press. (International Round-up).
September 1, 2002... Angry Developing Countries Lash Rich Developing countries angrily accused rich states on July 31 of reneging on commitments on textile exports, warning them that they risked damaging crucial negotiations to free up world trade. Countries...

Rupee continues to rise. (Currency Market).
September 1, 2002... The month of August witnessed marginal rise in the value of rupee vis-a-vis greenback in line with the previous months. The rise in rupee was more palpable in kerb market where the buying rate rose by 30 paisa or 0.5 per cent compared to 19...

Stocks hug 28-month high level. (Stock Market).
September 1, 2002... Asad, S. Hasan KSE-100 index climbed 10.7 per cent during August to 1974.59 surpassing the 28-month high level following Karachi Stock Exchange's decision allowing foreign companies to open brokerage houses in the country with 100 per cent...

Price situation.
September 1, 2002... (August 2002) Karachi commodity markets in August experienced mixed trend but rise in most of the prices was quite patent. Barring gram imported, prices of all grain items rose. Wheat prices escalated in response to steady export sales by...