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+ BOI News - Upcoming events - E-letter - Tenders	Daily Economic Activities
	(July 03, 2009)
	Economic Bulletin	click here for Market Glimpse
	Zardari for enhancing trade within Saarc countries; President Asif Ali Zardari asked the Saarc Chamber of Commerce and Industry (SCCI) to undertake extensive visits of the countries in the region for enhancing trade and commerce wherever possible within the eight nation grouping. The President was talking to a delegation of the South Asian Association for Regional Co-operation (Saarc) Chamber of Commerce and Industry headed by its President, Tariq Sayeed that called on him in the Presidency, Islamabad. (Source, BR, Dawn, The Financial Daily, Daily Times, The Frontier Post)
	Pakistan's foreign exchange reserves rise to $11.84 billion; Pakistan's foreign exchange reserves rose by 70 million dollars to 11.84 billion dollars in the week that ended on June 27, compared with 11.77 billion dollars the previous week. The State Bank of Pakistan's reserves has edged up to 8.55 billion dollars from 8.45 billion dollars a week earlier. (Source, BR, The Financial Daily)
	Pak, China agree on services for exports under FTA; Pakistan and China has agreed to include eleven sectors from services under the Free Trade Agreement (FTA) to evolve a transparent and predictable service regime for attracting FDI from China, reveals an official who concludes recently Pakistan-China talks on services. (Source, The News)
	Pakistan and China to increase border trade; Pakistan and China would intensify their efforts to increase bilateral trade through land route, Ambassador Masood Khan said. Ambassador Khan who led a delegation to the fifth Central and South Asian Commodity Fair organized by Kashgar prefecture told after three day visit to Kashgar. (Source, BR)
	Traders to be consulted on trade policy; Federal Minister for Commerce Makhdoom Amin Fahim has assured the members of Islamabad Chamber of Commerce and Industry (ICCI) that their input regarding trade policy would be accommodated, which is expected to be announced in the third week of July. (Source, The News, The Post)
	TDAP seeks better access to EU markets; A leadership summit between Pakistan and the EU in Brussels this month has agreed to explore new ways of providing better access to the Pakistani products in the EU markets, diplomats said in a meeting. In their meeting with European diplomats, head of Trade Development Authority of Pakistan and other officials stressed better access to European markets. German Ambassador Dr Michael Koch and Consul General of Germany Dr Brecht had a meeting with TDAP Chief Executive Syed Mohibullah Shah to discuss trade and economic promotions between the two countries. (Source, The News)
	Tajikistan seeks business access through Pakistani ports; Tajikistan is in a dire need of access to the world through Pakistani ports like Gwadar and Pakistan is also looking to import Tajik power to its northern areas, as it has the huge hydropower potentials and cheapest electricity in the world. The Ambassador of Tajikistan, Zubaydov Zubaydullo Najotovich, who called on the Federal Minister for Industries and Production Mian Manzoor Ahmad Wattoo, stated this. (Source, BR, The Post)
	Cotton output may increase in Pak, US, India: report; Cotton production is expected to increase in the three largest producing countries after China that is India, United States and Pakistan. Significant production declines are expected in Turkey, Brazil and the CFA zone. This was stated in the press release of International Cotton Advisory Committee that also forecast cotton mill use outside of China higher by 1 per cent at 14.2 million tons in 2009/10. (Source, The News)
	Government to pay Rs6.25bn subsidy on urea import; Last year around this time farmers were facing a double threat of rising urea prices in the international markets and government's failure in containing the black marketing and smuggling of the commodity. Despite the government paid subsidy worth billions of rupees, farmers had to bear the brunt. (Source, The Financial Daily)