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. 25, No. 7, July

AEG Pakistan - Its Role in Country's Progress
AEG, a member of the Daimler-Benz Group, is an electric and electronic company with a global operational network. It has a century old reputation for excellence in the research and development of new technologies worldwide. The company proudly boasts...
American Support for Power Generation Projects and Privatization of Utilities
As USAID saw it, we were working to establish a private sector power development assistance programme which would have three main objectives:- 1. Creation of new sources of electric power for Pakistan, through investment by private entrepreneurs in...
An Overview of Power Generation in Private Sector
In the future growth in demand is estimated to be increased by about 12 per cent a year. With acceleration in industrial investment and increasing commercial activity, it is safe to assume that this demand can rise at around 15 per cent per annum. According...
Convertibility at Last
Within the overall framework of dismantling trade barriers and expansion of world trade, convertibility is at the centre stage. General Agreement on Tariffs and Trade (GATT) is being succeeded by World Trade Organisation (WTO) by January 1, 1995 which...
Development and Performance of Hydel Power Stations in Pakistan
At the time of Independence of Pakistan there was very meagre generating capacity available in the country. Jabban (9.6 MW) and Renala (1.1 MW) were the only hydel power stations in operation. Then with the passage of time rapid hydel development took...
Eighth Plan - an Appraisal
Soon after the Second World War, policy makers in the developing countries scrambled for planning as a means to attain rapid economic growth. The reason was the effective fine-year plans of Soviet Union since 1928 at a time when the whole world was in...
Energy Crisis: A Long-Term Solution
As the world has progressed through the industrial age, energy in the forms of electricity and fuel has replaced people and animals in performing work in manufacturing, agriculture and transportation, so much so that energy has become an essential component...
Gang Warfare in Karachi
Karachi has become a battle ground of open-warfare. A gang war in the city is going on between the two factions of MQM known as MQM (A) and MQM (H). More than 40 activists of the MQM factions have been gunned down in the last six months with over 90...
Gas Compression Facilities Being Enhanced
Pakistan Petroleum Ltd., the single largest producer of energy in the country, is enhancing gas compression facilities at the Sui gas field to meet its contractual gas supply commitments. The Government of Pakistan has approved the financing of these...
Gas Import - a Solution to Our Power Needs
Energy consumption in Pakistan is growing at an annual rate of 7 to 8 per cent. Both in consumption per capita (it is one-third of Egypt, for instance) and the rate of growth Pakistan falls in the lowest bracket even among the developing countries. It...
Gas Use for Electricity Generation
Accelerated exploration of the already discovered oil/gas reserves was not given top priority. Had such an investment been made it would have also considerably improved our foreign exchange reserve position. In 1983, Group 83 had focussed its attention...
Ghazi-Barotha Hydropower Project
Over the past decade, shortage of energy has emerged as one of the main constraints in the economic and industrial growth of the country. With the ambitious plans for accelerated development launched by the present government, the growth of demand for...
Government Task Force Recommendations for Energy Development
The ambitious new energy policy unfolded by the government envisages financing of one-third of the total estimated outlay Rs. 319.5 billion by the private sector on power generation during the next five years, which implies a reduction in the public...
Industrial Energy Consumption Pattern
Energy is vital to all sphere of economic activity and industry is only one of these spheres. There are many different forms of energy, oil, gas, coal, nuclear power, hydro power and a large number of new and renewable sources of energy. Energy sector...
Industrial Relations in Pakistan
Pakistan is a land of 110 million people, with a population growth rate of 3.1 per cent per annum, against average annual economic growth rate of 5.2 per cent. At present the local employed labour force of Pakistan is 31.78 million. It includes 16.26...
Kalabagh Dam: A Macro Look at Some Issues
The Kalabagh issue was also debted at length in the Water Resources Committee of the National Commission for Agriculture set up by the Ministry of Food and Agriculture and this plea of non-availability of water was neither accepted by that Committee...
Mangla Hydroelectric Power Station Extension Project Units 9-10
With the completion of this project, the capacity of Mangla Hydropower Station has increased from 920 to 1,150 MW. It is a general observation that a factory using about three MW of electricity can provide directly and indirectly 4,000 to 5,000 jobs....
New Power Projects
Power Projects Two more power projects in the private sector with cumulative installed capacity of 1000 mw are on anvil. The projects having power potential of 800 mw and 200 mw will be set up near Karachi and Sukkur respectively, The Private Power...
Opportunities for Investment in Private Power Generation in Pakistan
Very encouraging response has been received from the local as well as overseas investors as evident by the fact that over 310 parties have purchased the document package so far and applications for around 19,000 MW have been received by the Private Power...
Pakistan's Limited Choices in Energy
While the development world is vigorously preparing to enter the 21st century, we are still following primitive and colonial methods of public welfare. A country run by ad hocism and an inefficient political and bureaucratic system cannot have foresight...
Policy Framework and Package of Incentives for Power Projects
INTRODUCTION Presently the total installed capacity in the country is 10,800 MW. This capacity is insufficient to meet the demand on a year round basis, as such at different times of the year particularly during the period of low river flows, consumers...
Private Sector Power Generation Financing for DFIs
INTRODUCTION The Asian Development Bank (the Bank) has been supportive of the operations of development finance institutions (DFIs) mainly with credit lines earmarked for the financing of foreign exchange costs of small and medium private enterprises...
Refocusing Pakistan's Budget Priorities
On June 9 the government came up with a puzzler of a budget with the smooth talking finance minister unveiling a plethora of numbers which simply don't add up. Whether this sloppiness was the handiwork of his ministry or the result of some inadvertent...
Revival in Sight
The stock market is coming out of the budget hangover. The General Index of share prices compiled by SB P is now inching upward, and as on June 23, the index stood at 293.59 showing a rise of 6.05 points Turnover of shares increased by 35 per cent up...
Wild Shrimps and Shrimping in Pakistan Territorial Water
The two continental shelves comprising a total area of 28,000 sq. miles along the coasts of Balochistan and Sindh, and a million hectares of mangrove swamps of the Indus Delta have made Pakistan as one of the major shrimp producing countries in the world....