3 days ago
Commodities perform better
PERFORMANCE of the commodity producing sector was better in FY13 than in FY12 with notable improvements in large-scale manufacturing and in most areas of agriculture like major food crops, livestock, poultry and fisheries.
3 days ago
Food markets forecast
FOOD commodity markets, in particular for cereals, are set to be more balanced in 2013/14, according to the FAO’s Food Outlook report published last week.
3 days ago
No action plan for food security
THE ministry of national food security and research, created on October 26, 2011 with laudable objectives has yet to come up with a concrete action programme.
3 days ago
World economies
IN the London market, gold extended earlier losses on June 13 as US economic data added to feverish speculation on the possible timing of the scaling back of the Fed’s monetary stimulus. Spot gold was down 0.7 per cent at $1,379.16 an ounce.
3 days ago
Ambitious growth targets
THE government’s GDP growth target of 4.4 per cent for the incoming fiscal year is based on a 3.8 per cent increase in contribution from agriculture, 4.8 per cent from industry and 4.6 per cent from services.
3 days ago
Stimulants for economic growth
THE Nawaz Sharif government will target 4.4 per cent growth next year, from this year’s 3.6 per cent, through a huge increase of 35 per cent in investment spending to Rs1.15 trillion or 4.5 per cent of the size of the economy.
3 days ago
BD’s cotton use going up on export growth
COTTON consumption in Bangladesh will increase seven per cent to 7.28 lac tonnes this fiscal year for continued export growth of garment and yarn.
3 days ago
Myanmar’s energy reserves lure foreign investors
THE military-dominated government in Myanmar hosted the World Economic Forum on East Asia earlier this month, promoting the country as a new ‘frontier market’ for international investors.
3 days ago
Move to regulate real estate sector
FOR an industry that is one of the biggest creators of wealth and jobs, contributes significantly to the national economy and the exchequer, and provides one of the basic necessities of life to millions of citizens, the real estate sector has been the most neglected in India.
3 days ago
Space for monetary easing squeezed
THE proposed federal budget may squeeze the space for monetary easing, at least for the time being. Simultaneously, it has opened up opportunities for banks to continue making money by investing in treasury bills.
3 days ago
Surge in kitchen expenses
WHILE the elite is busy counting their gains, families with low incomes across Pakistan will see erosion in their standard of living as the party they voted to power ignored election promise of a ‘better life with dignity for toiling masses’ and opted for easy short cuts to fix the economy.
3 days ago
Post-budget rally lifts stocks to new high
THE hallmark of trading at the Karachi stock market in the week ended Friday was the unprecedented post-budget rally on Thursday, which saw the KSE -100 index surge by two per cent or 433 points to a new all-time high of 22,758 points.
3 days ago
Rupee gains against dollar
THE rupee traded within a narrow range against the dollar in interbank dealings in the week ended Friday, as it gained a meagre one paisa against the greenback on the selling counter on a week-over-week basis.
3 days ago
BD banks cut lending rates
RISING surplus funds have forced private commercial banks in Bangladesh to cut their lending and deposit rates by one percentage point, the first in three years, bankers said.
3 days ago
Singapore’s growth forecast cut
SINGAPORE’S disappointing economic showing in the first three months of this year has led economists to downgrade their growth forecast for the full year.
3 days ago
Decline in agriculture sector credit
LOANS and advances by scheduled banks to the agricultural sector declined to Rs52.24 billion in the week ended May 31, from Rs52.248 billion recorded in the prior week.
16th June, 2013
Art beat: Intriguing and ambiguous fusing
The art of Omar Farid is so distinctive that the images stay with one long after the initial encounter in exhibition.
16th June, 2013
Pop art: Miniature medley
A rather spectacular group show of 11 young miniature artists was opened recently at Lahore’s Ejaz Gallery.
16th June, 2013
First person: Dreamspinner
Fashion designer, event planner, choreographer … Hassan Shehryar Yasin — commonly known as HSY and Shero to his friends — is, above all, a showman.
16th June, 2013
Public schools: Schools for change
The backbone of any country’s education system is its public schools. These public schools are better known as government schools in Pakistan.