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December 10, 2007 Monday Ziqa'ad 28, 1428 Bank credit and the real economy GONE are the days when investors could set up industrial projects involving an investment more than ten times the money they had with them at that time.... Drug research funds lie idle THERE is no justification for a function-specific tax if it cannot serve the purpose it is being charged for. The government should consider scrapping the central...   Industry eyeing Indian cotton, man-made fibres The crisis ridden textile industry has renewed its effort to push the caretaker government for dismantling the barriers in the way of import of raw materials – cotton... Livestock market: protecting animals against diseases A VERY big livestock market is set up in Karachi every year for about a month during Eid-ul-Azha where over one million animals - about 0.4 million large... Akhori dam and the Tarbela links The proposed Akhori dam project will store about 8.6 billion cubic metres (seven million acres feet) of surplus Indus River water that is spilled after filling .... Weeding out huge crop losses WEEDS are the most common pests of crop plants which reduce the yield by 36 million tons inflicting losses worth Rs333 billion per annum to the economy.... Rising potato production and export potential POTATO is a tasty, nutritive and highly digestible vegetable with 75 per cent water contents. One hundred grams of potato possesses 22g carbohydrate, two gram... Flour crisis in NWFPBy Mohammad Ali Khan THE North West Frontier Province has once again been hit by a flour crisis amidst rising prices. As the province does not produce enough grain, it is always the worst.... Third party insurance: bane or boon? While third party insurance of vehicles indemnifies the insured in the event of an accident against all sums including accruing claims, limited liability repayment of.... PICIC: adapting to changing realities Pakistan Industrial Credit and Investment Corporation Limited (PICIC) has been in the news for some time. The latest is about some shareholders who have objected... World economies Brazil : Growth is picking up in Brazil in 2007, responding to monetary policy easing after inflation was brought on track with central bank objectives... Developing bond market to finance growth IN any mature economy there are four major sources that ensure adequate funding of industrial, infrastructure and corporate requirements: banks, equity,.... Uplift strategy: providing level playing field for all As an emerging market, Pakistan faces a growing intensity of income inequalities between its rural and urban and skilled and unskilled workforce. The immediate impact... Need for a long-term industrial strategy After losing a great deal of time, the government is to undertake formulating a long-term industrial policy. In spite of the eight five-year plans and two major perspective plans.... Demand for Balochistan coal Balochistan plans to set up a coal-fired power plant of 50 megawatts to overcome power shortage in the province. Last week, the provincial government signed a memorandum... Hanging between hope and despair Last year in December the faces of even the highest paid managers in the non-financial sector were seen going green with envy at the lucrative bonuses the City executives... Options to avoid surge in fiscal deficit OFFICIAL planners have proposed four options to the caretaker government to avoid the risk of an additional 1.9 per cent fiscal deficit over the current fiscal year... Impact of sliding dollar The exchange rate has been stable against the dollar over the past few years. However it is time to assess what impact the ongoing dollar slide would have on the rupee and the economy.... Loan write-offs without bankruptcy laws Loan write-offs by financial institutions occasionally make the news as mutual accusations among the beneficiaries. Surprisingly, there is no systematic comprehensive.... Foreign buying pushes market upward THE Karachi Stock Exchange 100-share index last week maintained its upward drive towards its next chart point of 15,000 level followed by strong foreign and local buying on selected counters.... Rupee under pressure against dollar The rupee remained under pressure in the local currency market, as importers continued dollar buying to cover their payment needs. It commenced the week on negative note.... Issuance of currency notes declines According to the Statement of Affairs of the State Bank of Pakistan, for the week ended November 24, 2007, both notes in circulation and those issued declined in the week....

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