July  15 - 21, 2002   
ISSUE # 28  

The commercial banks operating in Pakistan are going through the difficult process of restructuring. The banks have been asked to raise their paid-up-capital, make full disclosure and appropriate provisions. Efforts are being made to restructure NCBs for their ultimate privatization. A number of foreign banks have either sold their Pakistan operations to local banks or are involved in the negotiations. The Cover Story discusses the environment for banking operation in the country and tries to find out if the higher profit made in the past was only because of inefficiency of others?


n ongoing tussle between the Pakistan Software Export Board (PSEB) and the Pakistan Software Houses Association (PASHA) is seriously undermining the software-driven IT industry of the country. The accusations and counter-accusations are resulting in waste of immense energies, time and resources which can be used more productively for the betterment of national software industry. PAGE highlights the core issues.


he use of synthetic yarn is gradually increasing in Pakistan's textile products due to increasing demand in the world market. The bedwear sector emerging as one of the leaders among the textile producers is focusing to hit the mark of one billion dollar exports has already started producing blended fabrics to cater to the need of the world market. Textile sector imported synthetic fibre and yarn worth $145.9million during the last year to meet the increasing world demand for the blended fabrics.