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Daily Economic Activities

(July 01, 2009)
Economic Bulletin click here for Market Glimpse  
Qatar to start gas supply from November;
Federal Minister for Investment, Senator Waqar Ahmad Khan said that Qatar would start providing Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) to Pakistan by November this year.
He was addressing a press briefing at Islamabad after returning from a visit to China, Hong Kong and Qatar.
(Source, The News, The Financial Daily, The Nation, Daily National Courier)
Foreign investors to get legal cover;
Federal Minister for Investment Senator Waqar Ahmad Khan said the government would provide legal cover to the foreign investors in the country and a bill would soon be moved in the parliament for the purpose. Addressing the participants of the launching ceremony of wi-tribe, a wireless broadband service, the Minister said the step reflected confidence in the government’s investment policy.
(Source, Dawn, Daily Times, The Post)
President seeks help against economic woes;
President Asif Ali Zardari said the international community needs to recognize the economic problems of Pakistan created by the war against terror and should step forward to address them in order to pursue the fight against militancy to its logical conclusion. He was talking to David Lipton, Senior Director for International Economics of the US National Security Council who called on him at the Presidency, Islamabad.
(Source, The Financial Daily)
Govt cognizant of inflation: Hina Rabbani;
Minister of State for Finance Ms Hina Rabbani Khar assured the house that the government was cognizant of inflation in the country and through various steps has brought it down from 25 percent to 14 percent. Speaking in the National Assembly on a Calling Attention Notice, she vowed to bring the inflation in the next month to single digit. “It is because of the steps that the government has taken that the inflation has come down,” she added.
(Source, Pakistan Times, BR)
Japan for enhancing trade with Pakistan;
Japan and Pakistan have always enjoyed good friendly relations, said Consul General of Japan in Karachi, Akinori Wada. Addressing the members of the Karachi Association of Trade
and Industry (KATI) he stated that Japan is interested in further strengthening its ties with Pakistan.
(Source, The News)
Pakistan’s exports to UK cross $1bn;
Pakistan’s exports to the UK have crossed $1 billion this year which is for the first time in history. With growth rate of 16.29 per cent during the period July 2008-April 2009, Pakistan has seen all-time high exports to the UK, which has been one of Pakistan’s top three export markets in the world for the last four years, from 2005-06 through 2008-09.
(Source, The News)
ROZs to help boost exports to US;
The establishment of Reconstruction Opportunity Zones (ROZ) will change the fate of FATA, NWFP and Balochistan, as industrial activity there will help increase exports to the US. These views were expressed by Pak-USA Business Council Regional Director Rehmatullah Javed at a dinner hosted in honour of US Consulate Principal Officer Bryan D Hunt.
(Source, The News)
Pakistan, Tunisia to enhance bilateral trade;
Anjum Nisar, President KCCI and Mourad Bourehla, Ambassador of the Republic of Tunisia have jointly stated that Pakistan-Tunisia Bi-lateral trade must be enhanced due to huge potential market. This was said in a meeting held at Karachi Chamber of Commerce & Industry.
(Source, Daily Times, Daily National Courier)
Pak to produce 9,700MW renewable power by 2030;
Federal Minister for Water and Power, Raja Pervez Ashraf said Pakistan had set high targets for itself including renewable energies including 5 percent (approximately 9,700 MW) of the electricity generation on grid by year 2030 and the replacement of 10 percent diesel with bio-diesel by year 2025.
(Source, Daily Times)
 
 
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