MUTUAL FUNDS

Mar 01 - 07, 2004  
ISSUE # 09  

The Mutual Funds have been operating in Pakistan since early sixties but were considered exclusive domain of public sector. The liberation policy initiated in early nineties resulted in floatation of a number of funds by the private sector. Now all the funds, except NIT, are being managed by the private sector. The sector enjoys enormous growth potential and particularly caters to the needs of small investors.

 

 

 

SUGAR
Pakistani sugar industry is going through a unique crisis over-production that undermines the agriculture sector on the one hand and would cost billions of losses to the exchequers on the other. The industry is not only sitting on heavy carryover stocks which it is finding it hard to dispose off but is also looking at record production this year. The substantial sugar stocks have become more of a liability than asset because it can not be absorbed by an already saturated market locally, at least immediately, and also have little chances for exports due primarily to incompetitive prices way above the international prices.

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NOORIABAD
Efforts for revival of Nooriabad Industrial Estate, situated some 70 km from Karachi have started showing positive signs. Besides allocation of funds for providing all sorts of infrastructure facilities, this ideally located industrial estate is also being linked with Port Qasim to facilitate the export oriented units. Gas pipe line has been laid at the cost of Rs256 million while water pipeline at the cost of Rs30 million is under way. Some 300 acres of land has also been added to Nooriabad.