Globalism is changing the way of thinking
By Giorgio Fiacconi - TCA Publisher
BISHKEK (TCA). We will not hesitate to indicate the globalization as one of the greatest efforts of the year 2001. Not just in the world economy and the critic to it, but also in terms of war and peace. Ascendant globalism is changing the way of thinking of people. Suddenly we did realise that to fight a war or the poverty we need a global cooperation, communication and dialogue. Read more  

Islamabad Seeks De-Escalation

ISLAMABAD. India`s cautious response to President Pervez Musharraf`s address to the nation has been received by the Foreign Office as "not negative," and it continues to look forward to resumption of dialogue between the two countries, official spokesman said.    Read more 

Index up by 53 Points on President`s Speech

KARACHI. Stocks on Monday reacted bullishly to the president`s speech and made an extensive short-covering in the pivotals on the perception that the goal of peace now may not be that elusive.    Read more 

Dewan Farooque Motors
By Dilawar Hussain
KARACHI. Dewan Farooque Motors - the producers of Hyundai and KIA vehicles in Pakistan - said the company planned to introduce KIA Sportage Wagon, powered by a two-litre turbo-charged inter-cooled diesel engine.    Read more 

Three Banks PLS Rates

KARACHI. The Bank of Ceylon has declared 8.50 per cent and the Industrial Development Bank of Pakistan 8 per cent rate of profit on PLS saving accounts for the period of July to December 2001.    Read more 

Govt Committed to Structural Reforms

ISLAMABAD. The government has decided to assess all existing regulations and procedures with a view to eliminating red tape and corruption by pursuing further deregulation and removing irritants.    Read more 

Over-Supply Situation in Foodgrain Market

ISLAMABAD. The wholesale commodity markets showed mixed trend during last week as reports of comfortable ready positions continued to inspire selling at the inflated levels from commercial houses.    Read more 

Rupee Keeps Edge Over Dollar

ISLAMABAD. The rupee remained on rising trend against the dollar this week amid confusion over border situation. It opened the week on January 7 and unchanged appeared directionless in the absence of any major development.    Read more 

Water scarcity Emerging As Global Threat
By Yasmin Mustafa
ISLAMABAD. When something so essential for human existence as water becomes scarce, it should be a matter of urgent and acute concern for all of us.    Read more 

Bio-Safety Laws Necessary for Bio-Technology
By M. Aamir Mirza
ISLAMABAD. At present, Pakistan does not have bio-safety laws, which would provide guidelines for importing, testing and commercialization of genetically improved products and hence a lot of confusion prevails in this regard.    Read more 

Need to Tap Agriculture Sector
By Mian Anwar Tariq
ISLAMABAD. Agriculture is a source of subsistence to approximately one hundred million Pakistanis residing in rural areas and is also a livelihood to a fairly large population in urban areas.    Read more 

2001: Plenty of Gas, No Major Oil Find
By Muhammad Aslam
ISLAMABAD. Despite massive investment being made by both the local and the foreign oil companies, Pakistan`s hunt for sustainable oil reserves still appear to be an elusive goal but extensive deposits of natural gas , instead of oil, have an added charm for the prospective investors and worth the costs.    Read more 

New Management Model for Pakistan Steel
By M.Zafar
ISLAMABAD. When in the mid-fifties, Pakistan Steel was being conceptualized, the proponents had to wrestle incessantly with the basic questions relating to economics and acquisition of technology on the one hand.   Read more 

SBPBSC: Was It Really Necessary?
By A.M. Talha
ISLAMABAD. The State Bank of Pakistan (SBP) was established on the 1st July, 1948 as the central bank of the country and its main functions are as follows...    Read more 

Pledges to the Donors
By Ihtasham ul Haque
ISLAMABAD. The government has given an undertaking to the World Bank and the IMF that medium-term macroeconomic objectives will be gradually raised in order to achieve 5.2 per cent GDP growth rate in 2003-04 and at the same time keep inflation at 5 per cent.    Read more 

Remittances: Post-Sept Developments
By Zafar-ul-Hassan Almas
ISLAMABAD. The remittances of workers abroad has remained one of the most important components of the balance of payments (BoP) since late 1970`s.    Read more 

Economies and Militancy
By Farrukh Saleem
ISLAMABAD. America buys Rs100 billion worth of Pakistani textiles a year. "Made in Pakistan" labels are available in some 5,000 retail outlets throughout the US.    Read more 

Pakistan Faces Tough Competition from China
By Sabihuddin Ghausi
ISLAMABAD. With an economy of the size of over one trillion dollars (to be exact $1.16 trillion), a growth rate of 7.5 per cent in the year 2001, exports of $250 billion plus a year.   Read more 

Interest Rate Outlook for 2002
By Mohammed Sohail
ISLAMABAD. Looking at the current scenario, there are few chances that banks and other money market players will again face the see-saw movements of interest rate in 2002.    Read more 

Crime and Economics
By Prof Abdul Hadi
ISLAMABAD. The provision of public good, such as police, courts or jail, is the obligation of any government for the preservation of order, peace and safety of its people but at the same time it is an unproductive , economic burden on the exchequer of the government and it becomes alarming when the budget for controlling crimes goes up.    Read more 

Urbanization in the Third World
By Anis Shivani
ISLAMABAD. The over-urbanization in the Third World involves both the sheer aggregate growth of the proportion of a national population living in cities, as well as the concentration of the population in particular cities.    Read more 

Afghanistan`s Rehabilitation: Pitfalls
By S. H. Zaidi
ISLAMABAD. Fears have haunted planners and many other people in Pakistan during the last three months regarding the prospects for the economy.    Read more 

Saarc`s Sterile Moves
By Sultan Ahmed
ISLAMABAD. Can a series of ministerial level meetings and expert groups of Saarc region really help in reducing the pervasive poverty in the region, where over 40 per cent of the people live below the poverty line of a dollar a day?    Read more 

Growing Price for Uranium Promote Domestic Industry Development
By Oleg Khe*
ALMATY (TCA). President of the National Joint-Stock Company (NJSC) "Kazatomprom," Askar Kassabekov answers to the newspaper`s questions.    Read more 

2002 Can Be Announced the Year of Agriculture
By Aleksei Goncharov*
SHYMKENT (TCA). "The heaviest period of the state economy development has past. Most important is that people have understood that their fortune is in their own hands," ? told the parliament mazhilis speaker Mr. Zharmakhan Tuyakbai at the meeting with voters in the village of Derbesek, Saryagash district, Yuzhno-Kazakhstan region.    Read more 

Stocks Fail to Extend Overnight Run-up

KARACHI. Stocks on Thursday failed to extend the overnight run-up partly in the absence of strong follow-up support from the institutional traders and partly to a good bit of profit-hunting by the sundry speculators. The KSE 100-share index was off 3.57 points at 1,383.91.    Read more 

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