Economic Review

Quarterly journal provides articles, index and abstracts on financial institutions and markets, economic forecasting, macroeconomics, monetary policy, payment systems and international and regional economics.

Articles from Vol. 33, No. 7, July

An Appraisal of Trade Policy (2002-03). (Editorial)
The new trade policy for 2002-03, announced by Commerce Minister Abdul Razzak Dawood on July 22, fixed export target at $10.4 billion, which has remained elusive for years. Import is projected a $11.1 billion, slashing the trade deficit to $700 million...
An Overview of Tobacco Crop 2002
The Board has kept close watch over the tobacco marketing operations lions through visiting of its Senior Officers on daily basis and Governor's Inspection Teams in NWFP and also receipt of information on tobacco purchases/prices from the tobacco companies...
Auto Manufacturing: -- a Boom for Development
All and sundry have these days decided to make the auto industry their favourite punching bag. In turn various misperceptions are being voiced, which at times have no basis in reality. For instance it has been opined that the domestic car engine...
Bulls in the Arena. (Stock Market)
June 2002: KSE 100 index climbed 7.4 per cent during the month of June, However, the bulls dominated in the first week when the index rose 8.7 per cent after which it fell 1.2 per cent. Correspondingly the aggregate market capitalisation rose 7.2 per...
Globalization: Recipe or Bane? This Research Paper Has Been Prepared in Two Parts: One Dealing with Overall Globalization and Its Ramifications and the Other Concerns Pakistan. (Cover Story)
In the changed environment of globalization, there is no room for rent seekers. Industrial magnates used to skim off entire capital within a very short period after investing only 20 to 25 per cent of equity, ending in huge non-performing loans (Rs....
Horticultural Production to Boost Exports
Abstract This article looks at one of the solutions identified by economic managers of the country to alleviate trade deficit of Pakistan. On being coaxed by President Musharraf to boost exports the Export Promotion Bureau has unfolded a new strategy...
Illusive Fiscal Deficit Target
The budget deficit in FY02 has gone up to 7 per cent of GOP from 5.3 per cent in the FY01, against the initial budget target of 4.9 per cent of GOP, as shown in the table. The most striking feature of the budget statistics perhaps, is that primary...
International Commodity Prices
International Commodity Prices International commodity prices quoted in London are as given below:- Commodity May 31, July 5, (%) 2002 2002 Change OIL London...
Liberalization of Trade: -- the Alliance between Government and Business. (Press Release)
Throughout history trade has played a major role in spreading new faiths and cultures, and today free trade is playing a decisive role in changing the nature of political structures in developing countries. Liberalizing trade does not only cause economic...
Making Women Entrepreneurs
The economic environment of women forms the very basis of sustainable development in a country. The strategic role of women as agents and beneficiaries of development can ensure the alleviation of poverty from a country like Pakistan, where women make...
Pakistan's Water Resources: -- Problems and Remedies
Pakistan is largely an arid to semiarid country with an average annual rainfall of about less than 100 mm in parts of lower Indus plains to more than 750 mm in the northern foothills, against crop water requirements ranging from 1487 mm in Jacobabad,...
Political Economy of Pak Investment Drought
In the case of Pakistan a number of political and institutional fault lines have contributed to declining investment. The issue of trust is foremost. Policy decisions soon after the nuclear tests have eroded this trust considerably at the macro level....
Population, Health, Environment. (International Scene)
Urbanization has Both Positive and Negative Effects on the Environment: Almost 3 billion people worldwide live in urban areas, with more people joining them every day. People may choose to move because of a variety of "pull" and "push' factors: They...
Population Key to Sustainable Development
"The World Summit of Sustainable Development will not accomplish much unless it addresses how population dynamics relate to economic well-being, environmental stress, and human health", according to Jonathan Nash and Roger-Mark De Souza, co-authors...
Poverty Fuels Developing World's High Birth Rate
Poverty fuels high birth rates in poor nations, as documented in the 2002 World Population Data Sheet released at he National Press Club by the Population Reference Bureau. Of the 41 countries designated as "heavily indebted poor countries" by the...
Price Situation (June 2002)
The wholesale Karachi commodity markets consolidated post-budget gains during the month. There was sufficient stock with the stockists and commercial houses. There was quiet on the markets in the absence of strong demand from the wholesalers and the...
Rupee Remains Stable. (Currency Market)
June 2002: June witnessed declining tend of greenback in both interbank and kerb market. In the inter-bank market (buying), the greenback fell by 0.2 per cent or 14 paisa and in the kerb market (buying), it fell by 0.8 per cent or 50 paisa. The premium...
Stock Market during 2001-02. (Corporate Briefs)
The strengthening of rupee against the dollar, grants and aids from the multilateral donor agencies, rescheduling of debt and timely decision taken by the SECP and KSE to resolve the badla finance problem helped the KSE index in recording a gain of...
The World's Top 50 Countries in Population
The World's Top 50 Countries in Population Population Mid-2002 Country (Millions) 1. China 1,280.7 2. India 1,049.5 3. United States 287.5 4. Indonesia...
World Population Clock-2002
World Population Clock-2002 More Less Developed Developed World Countries Countries POPULATION ...