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Archive for March, 1987

Third World trading vehicle – The international market place – III

(This is the THIRD in a series of articles that will attempt to analyse our present system of EXPORT TRADE and recommend suitable alterations).

Pakistan’s two major exports are cotton and rice, thereafter the international market place becomes a troubled area for our commodities and products due to many reasons, prime among them being a narrow range of exportable products, lack of sophistication in export techniques, inconsistent quality and last but not the least, a wall of latent and blatant protectionism. It is better to go over the potential target areas of exports in relations to our imports with a general analysis of the present statistics.

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Third World trading vehicle – The state trading giants

(This is the SECOND in a series of articles that will attempt to analyse our present system of EXPORT TRADE and recommend suitable alterations).

OVERVIEW – II
Three major export corporations function under the Ministry of Commerce, two of them completely devoted to exports, Rice Export Corporation of Pakistan (RECP) and Cotton Export of Pakistan (CECP). The third entity functions in theory as a Commercial Export House but depending upon the policy of the Government at that time, the dictates of the Ministry of Commerce (MoC) and the personality/effectiveness of the person in charge (the Chairman), it may function as an Import House, an Export House or a combination of both in varying degrees. At the moment, the philosophy of export activity is frowned upon (by the present Chairman) and TCP is depending upon imports alone to keep it economically viable.

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Islamic Leaders Summit – A gathering of Eagles

The Islamic Summit at Islamabad is a unique opportunity for leaders of member countries of the most resurgent religion of this century (and foreseeably the next as well) to have a meeting of minds as to (1) the dangers facing the Muslim Ummah because of (1) internal conflict and (2) the pressures of external civilizations. We face daunting problems due to the “clash of civilizations” as well as the sectarian and cultural differences that seems to have divided Muslims into different worlds. Since the Summit is taking place barely a month or so after the new government in Pakistan has taken office, it would indeed be a miracle of effort if all the logistics are satisfactorily in place. The security environment is certainly not conducive for a handful of Heads of State and Government. While Pakistan would be privileged to be their host, in the greater interest of safety and security it would have been better not to present too tempting a target for possible terrorist action, if not by various aggrieved parties then by those who profit materially and psychologically from causing mayhem at such occasions.

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Third World trading vehicle – The need for a structural change

(This is the FIRST in a series of articles that will attempt to analyse our present system of EXPORT TRADE and recommend suitable alterations).

OVERVIEW – I
akistan has a host of problems, most of which stem from enhanced expectations from an un-balanced economy. Though Pakistan’s economic growth has been impressive, the measuring scale has been Third World standards. For a country, burdened by inordinate increase of population, not only by means of birth but by the fact that we are a haven for refugees from adjacent lands, more than three million from Afghanistan alone, comparison by such standards is not good enough. This mushroom growth, especially in our urban areas is neither planned for nor bearable and places a strain on our resources much beyond our present capacity. The net result is that Pakistan’s biggest problem remains the economy. Despite salutary advances in industry, there has been no coherent system of ensuring coordinated progress in achieving national material aspirations.

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