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	(August 01, 2009)
	Economic Bulletin	click here for Market Glimpse
	$75 billion investment envisaged in five years: minister unveils new policy draft; The Government on Friday unveiled a new five years proposed investment policy that would offer tariff incentives to attract around $75 billion local and foreign investment in the next five years in oil and gas, energy and agriculture sectors. The Minister for Investment, Senator Waqar Ahmed, at a news conference here on Friday said that this investment would come through Special Economic Zones (SEZs) in various sectors of the economy. These SEZs are being set up across the country, he added (Source, BR, The News, Daily Times, Daily National Courier)
	IMF may OK $4.1b loan to Pak: Tarin; The International Monetary Fund is likely to approve an additional $4.1 billion loan to Pakistan, Shaukat Tarin, economic adviser to the country’s prime minister, said yesterday. The IMF will also approve a $850 million third tranche of a 23-month standby arrangement of $7.6 billion on Aug. 7. The facility was sanctioned in November 2008 to salvage Pakistan from a balance of payment crisis, Tarin said. IMF officials weren’t immediately available for comment. (Source, Daily National Courier)
	Pak-Swiss trade volume reaches 500m Swiss Francs; The economic ties between Pakistan and Switzerland have over the years reached remarkable level and in 2008 trade volume saw a new high record of close to 500 million Swiss Francs. (Source, Daily Times)
	Pakistan ranked 5th in cement exports, surpasses German; Pakistan has been ranked 5th in the world’s cement exports after a jump of 47 percent in exports during last fiscal year, the Global Cement Report shows. According to the report, China ranks first with 26 million tonnes in exports, while Japan grabbed the second position by exporting 12 million tonnes. The third largest cement exporter in world is Thailand with around 12 million tonnes, followed by Turkey with 10.6 million tones. (Source, Daily Times)
	Pakistan woos Canadians to invest in oil & gas sector; Pakistan urged Canadian investors on Thursday to take advantage of its liberal policy for the oil and gas sector, which is fully deregulated and provides a level-playing field and tremendous business opportunities for private and public companies. (Source, The News, The Post, Pakistan Times)
	Japanese economic zone to be set up near Karachi; A special Japanese economic zone would be established near Karachi on 2,000 acres of land, a high level meeting at Chief Minister House decided this on Thursday night. Chairing the meeting Chief Minister Sindh Syed Qaim Ali Shah underlined the need to provide all facilities at Japan Special Economic Zone (JSEZ) to boost industrial growth with special emphasis to develop agro-based industries. (Source, BR)
	Pakistan sells corn; Indonesia bought one cargo of US soft winter wheat this week as Australian supplies dried up, while Pakistan aggressively sold corn into Southeast Asia at competitive prices. (Source, The News)
	Pak-Morocco trade volume to grow with increasing ties; Through strengthening the relations the existing trade volume of $400 million between Pakistan and Morocco can be enhanced in coming days. This was stated by Ishtiaq Baig, Honorary Consul General of the Kingdom of Morocco, during celebrations of 10th anniversary of the enthronement of His Majesty King Muhammad VI at a hotel, Karachi. (Source, BR)
	SBOI strives to attract investors in agriculture and power sectors: Elahi; As a result of fervent efforts made by the newly established Sindh Board of Investment (SBOI), Hyundai, a Korean based power generation company, has concurred to provide 1.75megawatt mobile power generation plant to the Sindh government at concessional rates. This was stated by Arif Elahi, director general, SBOI along with Dr Abdul Rauf Siddiqui, additional secretary, mines and mineral development department. (Source, BR)