The
post September 11 developments have brought Pakistan into the global
limelight. The thirst for news and information about the country and
the region underlines the need for developing a world-class national
portal. Developing a world-class portal not only means world-class
attention but also to dissuade the misconceptions overseas. PAGE
makes a case for setting up a national portal without any further
delay.
Flighted
Money
The terrorist attack of September 11 in New York
and Washington besides carrying the tragic stories of human killings,
bloodshed and destruction has opened some interesting chapters also
which may prove a windfall for the third world economies including
Pakistan. The US and EU governments have made legislation against
validity of unanimous bank accounts and the deposits of ill-gotten
money which they suspect is being used for acts of terrorism. The size
of the drained out money from Pakistan has risen to the level of $100
billion over a period of time. A real follow up to get back this money
would certainly change the shape of the scathed economy of this poor
country.
Sugar
Industry
Sugar mills in Pakistan are expected to commence
crushing season with around 0.65 million tonnes sugar in stock. A lot
of funds are stuck in huge inventory of sugar. Though, the government
is insisting on starting of sugarcane crushing in early November,
mills will find it very difficult to make timely payment to growers
even if they commence sugar production next month unless additional
funds are made available.
