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. 34, No. 1, January

All Pakistan Textile Mills Association (APTMA)
Pakistan is an agricultural country. Among all others, cotton is the major crop. Cotton, after processing takes various forms including yam, fabric and other textile related products. The industry that is engaged in this area is very diversified in...
Cloning: A Psychological Perspective
Cloning can be easily credited as one of the most controversial topics of modern day science. It even baffles those scientists who actively pursue its research. Unsure of its full implication they justify their conscience by emphasizing its medical...
Consumer Price Index: Its Limitation and Improvements/suggestions
The Consumer Price Indices is a measure of average change in the prices of a fixed basket of goods and services customarely purchased by households. In other words, the CPI compares the cost of fixed basket of goods and services this month with its...
Exchange Companies Ready to Replace Money Changers
With a view to further liberalize the foreign exchange regime in the country and unify the foreign exchange markets, the State Bank of Pakistan has initiated the process of establishing Exchange Companies by inviting applications for issuance of licenses...
Facing New Challenges: Development in Former Soviet States
Interview with Anders Aslund. Recently, Andrew Wilson, CIPE Senior Program Officer for Central Europe and Eurasia, had the opportunity to interview Anders Aslund, a renowned expert on Russia and the former Soviet republics and a senior associate...
Gleanings from the Press. (International Round-Up)
US Industry Opposed to Increasing Textile Imports The US textile industry is urging the Brush administration to reject developing countries' demands to increase textile imports into the country as it is damaging the local industry and creating job...
Looking Back at 2002
JANUARY: 1st: Twelve EU states adopt the Euro as a single currency. 9th: Dr. Asad Abbas performed the first ever successful graft of plastic cornea in Pakistan. 12th: President Pervez Musharraf announced a ban on five local religious parties....
Pakistan and $1.3B PRGF
It should be noted here that the Conclusion of the deal is not an end in itself but the beginning of the programme upon which Pakistan has to embark during the coming three years. In the past, the experience has not been promising. Structural reforms...
Price Situation
(January 2003) In January, the prices of essential items on the Karachi wholesale commodity showed stable or rising trend as supply position deteriorated somewhat. Wheat price jumped in the wake of strong demand followed by reports of fresh export...
Rupee Remains Firm. (Currency Market)
The new year saw firmness in the dollar-rupee parity in line with the trend persisting over the last six months. There was slight depreciation of rupee during January in the inter-bank market as it shed 6 paisa in buying and 8 paisa in selling. On...
Stock Prices Falter. (Stock Market)
Stock prices faltered towards the end of the month after reaching the zenith by January 20, when the KSE index soared 9.5 per cent to 2,920.63 from 2,666.53 but ended lower at 2,545.07, 4.6 per cent below. If compared to the highest point, the fall...
Tapping Hidden Fortunes
Informality and corruption waste vital resources and weaken political and economic institutions. Because informals are illegal, they don't benefit from law enforcement services such as the courts and the police that could offer them protection and...
The Limits of Corporate Disclosure
The growing global market economy and various competing stakeholder interests have caused corporations to face increased scrutiny. Indeed, the level and desirability of transparency through disclosure acceptable to both the corporation and the growing...
Those Who Left Us 2002
Tension in Kashmir and Palestine remained all round the year and it only grew. Indians and Israeli forces left no stone unturned in making their lies miserable. 11w United Nations could do nothing to stop the havoc created by India and Israel on these...
Water Resources and Hydro-Power Programme
Pakistan had landed into acute electric power shortage during the 8th decade and remained faced with in early 9th decade of the last century. Increasing power generation deficit, year after year posed difficulties in bailing out of the crisis due 'to...