Wrath of the rain gods: floods cause havoc and political fallout
Article Abstract:
The floods which devastated Pakistan has resulted in political jousts over who should take responsibility for the inadequate rescue and relief efforts. Thousands of villages in the Punjab and Sindh plains were submerged in floodwaters following two weeks of heavy rain. Out of anger for the deficient government response to the calamity, Punjab Chief Minister Ghulam Hyder Wyne was mobbed by villagers whom he tried to console during his visit to the affected areas. It was estimated that at least 5,000 people were killed and more than a million people were left homeless by the floods. Infrastructure damage was valued at $2 billion.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Cotton in a spin
Article Abstract:
Pakistan's cotton trade is suffering from high seasonal yields and low global demands. In a country where 60% of export profit depends on the international cotton trade, the glut has serious repercussions. The domestic situation is worsened because spinning mills used almost three million bales less than predicted, prompting the Pakistan Cotton Ginners Association to direct all members to hold purchases. In the world market, Pakistan faces stiff competition from China, Paraguay and a few of the former Soviet republics. India's need for one million bales will do little to absorb market excesses.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Streets of fire: urban violence invites more army intervention
Article Abstract:
The Pakistani Army is planning to mobilize in the cities and towns of Sindh in an effort to quell the rising tide of urban violence. Prior to the deployment of troops in urban areas, crackdowns in the rural areas were seen as attempts to eliminate the rural Sindhi opposition. However, the latest army move is also expected to alienate the pro-government Muhajir Qaumi Movement which is responsible for most of the urban violence.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Managerial assessment of potential entrants: processes and pitfalls. Marketing mix response to entry in segmented markets
- Abstracts: Demands on the purse: the budget comes under political pressures. Futures furore
- Abstracts: Generation next. ... And the carrot; foreign record companies have a deal for China. Promising newcomer
- Abstracts: Freshmen at the feast: Central Asian republics set sights on ADB. Grande designs
- Abstracts: Cardinal comes calling: papal emissary's visit highlights the church's problems. Corporate hybrid