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Not going by the book
After approving a hefty Rs100 billion bailout package for Pakistan International Airlines last week, the chairperson of the cabinet’s Economic…
Setting royalty fee
The money paid in ‘royalty’ to non-resident companies and foreign investors came under fire in the Senate on June 6,…
Market-driven modern business practices
BUSINESSES have multiplied their fortunes many times over in the past two decades. They attribute their huge gains to their…
Prices of tea and pulses to shoot as taxes rise
Consumers should brace themselves for higher prices of pulses and tea as they visit grocery stores this month.
That is…
Heavy rains a threat to mustard crop
AFTER potato and maize, the next victim of February rains seems to be mustard crop.
Sown on around 335,000 acres…
Sindh vegetable surplus
Sindh produces vegetables in a fairly large quantity with sufficient trade surplus to cater to some of Punjab and the…
Moving from cane to sugar beet
SUGAR, primarily, is still obtained from cane, but sugar beet can be a viable alternative due to its increased yield…
Shrinking bank credit for private sector
THE private sector has been marginalised owing to the shift in the banks’ lending strategy to cater to the government’s…
World economies
Afghanistan
For the fastest growing economy in South Asia, the future does not look so good. For Afghanistan is still…
Worsening power crisis
THERE seems to be no respite for electricity consumers from long hours of scheduled and unscheduled loadshedding. This has also…
Posting of trade officers
After a delay of more than two years, the commerce ministry has selected 44 trade officers for postings in foreign…
Income-tax surcharge on Indian super-rich
THE last week of February is a time when the Indian government presents three crucial documents that reflect the state…
Economic crisis ‘balkanises’ global finance
THE economic crises in the United States and Europe wiped out decades of progress in expanding the world financial system,…
Sluggish global economy awash in liquidity
There is plenty of money in the world. That’s the good news.
The not-so-good news: the flood of dollars, euros,…
Cut in US social spending
WITH the launching of $85 billion in domestic spending cuts this year, and $1.2 trillion over the next decade, the…
Solar home systems grow fastest in BD
BANGLADESH now has the fastest growing solar home systems programme in the world with more than 50,000 new installations a…
Power plants: switching to coal
The people and the economy are paying a very heavy price for the government’s failure to implement a proposal to…
Another attempt to reform tax administration
The Federal Board of Revenue is working on a proposal to obtain yet another loan of $300 million from World…
Karachi losing business outfits
THE recent unabated rise in violence in Karachi marked by brutal sectarian killings and resulting in frequent forced shutdowns has…
Cement companies show sustained profit
THE recently-released financial results of cement companies show that the FY12 profitability of this sector is well-sustained.
And signs of…
