witnesses two opposite trends, need for professional managers and proliferation of small
and medium size enterprises. The success of business in either case lies in efficient and
effective management a skill learned at business schools. The curricula of
these schools has been modified over the years with an objective to impart education which
can enable the graduates to be better managers both at corporate and enterprise levels.
Across the board accountability, restoration of
economy, national cohesion and law and order situation in Pakistan are the highlights of
the new manifesto announced by Gen. Pervez Musharraf.
Since the government did not give way to
rumours and speculations by ensuring normal working of the banks, the open market will be
resuming business at the rate of Rs54.40 against a dollar from Oct 25.Money Changers have
also arranged $20 million from external sources to ensure smooth supply of dollars when
market reopens on Monday.
The unprecedented power breakdown in Karachi
resulted in a production, revenue and wage-loss of Rs 2-2.5 biliion. The massive power
failure also highlights the need for direct power purchase agreement between the Karachi
Electric Supply Corporation and Hubco, the biggest independent power producer, to help
lessen dependence of import from Wapda primarily due to an old and unmaintained
distribution system highly prone to tripping.