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COVER STORY
1000 DAYS

The verdict of Supreme Court in a number of petitions challenging the military takeover on October 12 last year validated the extra-constitutional removal of the Nawaz Sharif government. The Court has given the government three years till October 11, 2002 to achieve its objectives, if necessary by making amendments in the Constitution, to restore democracy in the country. With seven months already gone the government has less than 29 months to restore what it calls real democracy in the country. The time frame also hints at increased pace of accountability, anti-corruption drive, and devolution of power to the grass root level.


TEXTILE POLICY
The Commerce Minister has been indicating the broad framework of forthcoming policy which will be aimed at achieving US$ 14 billion export target of cotton based products which also looks achievable.


KSE-100 INDEX
The recent movement of KSE-100 index has been due to any change economic fundamental. However, the situation demands strict adherence to exposure limits of brokers and curbing reckless lending by commercial banks against shares.


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