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Unemployment not only directly influences the industrial and trade activities but also causes political instability, social unrest and economic insecurity. The aim of any economic policy is to deliver social progress which, however, remains elusive if there is high and persistent unemployment. PAGE highlights the issue to generate a meaningful public debate to help find the corrective measures.

 


COAL

Over four lakh families, are fearing joblessness due to strike called by the coal mine owners to protest against the levy of 18 per cent General Sales Tax.
The coal mine owners, in the province of Punjab and Balochistan, have described imposition of General Sales Tax beyond their capacity. The coal mine sector deserves a concession in view of its importance as it offers a cheaper substitute out of country's own resources against the costly imported oil.

KSE

Leading players at the stock market anticipating that financial reforms, introduced by the government recently plus, expected peace agreement regarding border may prove the biggest equity trigger of the year. KSE which crossed over 1,100 points barrier has created a feeling that the investors have sensed that market is returning to normalcy. Recent elevation of the index is the positioning exercise by the large investors.

COTTON

Import of about half a million cotton bales has helped in improving availability and containing its prices in the local market. It is suggested that the policy of free trade of cotton should be continued. It is also necessary to make the cotton estimation process more scientific.

EXCHANGE RATE

There is wide fear of weakening rupee. Even the ability of the central bank is being questioned. This fear is based on the administrative measures taken to curb the forex demand. However, it is suggested that policy measures could have more positive impact on reducing imports.

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