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Daily Economic Activities

(July 09, 2009)
Economic Bulletin click here for Market Glimpse  
Investment target of $10 bln will be achieved: Senator Waqar Ahmed Khan;
The Federal Minister for Investment, Senator Waqar Ahmed Khan said that the ministry would achieve its $10 billion investment target by year end. Talking to journalists, the Federal Minister said that the ministry has already attracted investment of $5 billion so far.
(Source, APP, Dawn, The News, BR, The Financial Daily, The Post)
President invites UAE investors;
President Asif Ali Zardari Tuesday invited the Abu Dhabi Fund for Development to avail investment opportunities in Pakistan and invest in oil and gas, power generation, and infrastructure development.
(Source, The Post)
Call for restructuring of ZTBL: Zardari for setting up agriculture transformation fund;
President Asif Ali Zardari has said agriculture uplift and adequate power generation are two critical areas to overcome Pakistan's economic problems. He said the government should also consider setting up a National Agriculture Transformation Fund for massively injecting new technologies into this vital sector of national economy. This he said while addressing a function held at Aiwan-e-Sadr.
(Source, BR, Online)
Govt allocates Rs 2.2 bln for mega environment projects: Gilani;
Prime Minister Yousuf Raza Gilani has said that government has earmarked Rs 2.2 billion in the current budget for launching mega environment projects in the country, this he said in his message on the occasion of 6th Annual Environment Excellence Award 2009. “Our resolve to protection and conservation of environment is reflected from one of the five “Es” in our manifesto which stands for environment. Realizing the urgency of the issue, my government has declared the year 2009 as the year for environment”, he added.
(Source, APP)
Importance of trade with Kazakhstan highlighted;
Pakistan has huge potential of trade with fast-pacing economical Kazakhstan and can pave its way to Central Asian Republics through this relation. This was articulated by Pakistan's ambassador to Kazakhstan E. Irfan ur Rehman Raja and President Karachi Chamber of Commerce and Industry Anjum Nisar in the Ambassador's visit to Karachi Chamber of Commerce and Industry (KCCI).
(Source, BR)
UK wants to see political, economic stability in Pakistan: Miliband;
British Foreign Secretary, David Miliband has said that Britain supports Pakistan-India dialogues and wanted to see political and economic stability in Pakistan. While addressing a joint press conference along with his Pakistani counterpart, Shah Mehmood Qureshi, David Miliband appreciated the role of Pakistan in war against terrorism.
(Source, Online)
Electricity crisis resultant of 3500MW shortfall: Raja Pervez Ashraf;
Federal Minister for Water and Power Raja Pervez Ashraf has stated that PEPCO has 15,000 to 16,000 generation capacity of electricity and the ongoing electricity crisis was the resultant of 3500MW short fall.
(Source, Online)
Business community hails withdrawal of carbon surcharge;
The Business community hailed the Supreme Court of Pakistan's decision of suspending the operation of the OGRA notification of the imposition of carbon surcharge on petroleum products. They termed the carbon surcharge on petroleum products, a burden on the general public, as well as a catalyst, which would send a wave of price increases of all products produced in the country, as well as imported goods.
(Source, BR)
Mangla power house may be repaired this month;
The Pakistan Electric Power Company (PEPCO) has formulated a comprehensive plan to repair the Mangla power house for restoration of electricity generation in the shortest possible time.
(Source, The News)
 
 
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