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FINANCIAL EXPRESS FRONT PAGE

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Monday, July 12, 1999

Power paradox
Maharashtra, the country's leading industrial state, is confronted with a power surplus. This is totally unexpected. This is one state where supply should create demand.

Balancing act
Oil prices have touched a 19-month high of $18.61 per barrel and the price-rise may continue considering that the Opec has a target of $20 per barrel.

Debt trap spells doom for Pakistan's political class
Pakistan cannot afford war, not even a shouting war much longer. Its economy is very close to being caught in a classic debt trap.



  Rupee derivatives -- Off to a shaky start
  Deducting tax at source on the basis of employees' claims
  The Index



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