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Daily
Economic Activities |
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(July 14,
2009) |
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Economic
Bulletin |
click
here for Market
Glimpse |
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President,
PM decide to reshuffle Federal Cabinet;
The Federal Government has decided to appoint Prime Minister’s
Adviser on Petroleum Dr Asim Hussain in place of Dr Ishratul Ibad
as the Sindh governor. The president has taken all coalition partners
in Sindh, including the Muttahida Qaumi Movement (MQM), into confidence
and the formal announcement of the appointment of Dr Asim Hussain
as Sindh governor will likely be made soon. Dr Hussain is one
of President Asif Ali Zardari’s close aides, and has been aspiring
for this slot.
(Source, Daily
Times) |
Govt.
committed to encourage investment in Sectors: Senator Waqar Ahmed
Khan;
The Federal Minister for Investment Senator Waqar Ahmed Khan said
that present government is encouraging investment and has identified
infrastructure, oil & gas, power, food & agriculture and
communication as priority sectors for investment. He was talking
to Group of indigenous businessmen/ CEOs of multinational companies,
who called on the minister in his office.
(Source, The
News, Dawn,
The
Daily Mail, Pakistan
Observer, The
Frontier Post, The
Post) |
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US
investors show keen interest in investment in various sectors
of economy;
A four-member delegation from USA headed by Mark F. Viator, Vice
President, M/s Imat Services Energy Investment group, Texas visited
Board of Investment and discussed with Saleem H. Mandviwalla,
Minister of State / Chairman, Board of Investment and Tariq Iqbal
Puri, Secretary, Ministry of Investment/BOl investment opportunities
available in Pakistan.
(Source, APP,
The
Financial Daily, The
Daily Mail) |
IMF
3rd tranche next month;
THE International Monetary Fund’s executive board is expected
to meet August 7 to approve the third installment of its loan
to Pakistan, the secretary of ministry of finance said Monday,
reports Easy Bourse.
(Source, The
Nation) |
Canada-Pakistan
trade Expo witnesses heavy crowd;
Mr. Sultan Ahmed Chawla President FPCCI and Pakistan Trade Delegation
under the head of Mr. Mohibullah Shah Chief Executive of TDAP
called on Mr. Gary Collins Chief Executive Officer of the Brampton
Board of Trade of Canada. Mr. Gary Collins expressed his confidence
that the Canada Pakistan Trade Expo will prove to be a turning
point in promotion of bilateral trade relations and restoring
the confidence of Canadian buyers. He suggested that Canadian
market can be exploited by organizing such events with continuity.
(Source, Regional
Times, BR,
Daily
Times) |
Govt.
to minimize effects of energy crisis on industry;
Adviser to Prime Minister on Petroleum Dr Asim has said that the
government is using all options at its disposal to minimize the
effects of energy crisis on the industry, especially the export
industry. He was speaking at a briefing on ‘APTMA and winter load
management’ at the Sui Northern Gas Pipelines Ltd (SNGPL) head
office. SNGPL MD Rashid Lone, All Pakistan Textile Mills Association
(APTMA) Chairman Tariq Mehmood and other senior representatives
of both the organizations were present.
(Source, The
News) |
Sialkot
businessmen urged to explore Nepali market;
The Nepali Ambassador to Pakistan Bala Bahadur Kunwar said that
Nepal and Pakistan are enjoying highly cordial relations since
long, but there is still great need of developing strong commercial
ties between the two friendly countries. Addressing the members
of the Sialkot Chamber of Commerce and Industry (SCCI) he said
that we are making utmost efforts for developing trade and commerce
relations with Pakistan on a top priority basis.
(Source, BR) |
Rice
export crosses $2.044b for first time;
The total rice export has crossed, for the first time, the figure
of $2.044 billion during the period from July 1, 2008 to June
30, 2009, in which the share of Basmati rice was US$1.018 billion
and non-Basmati was US$1.025 billion.
Rice Exporters Association of Pakistan stated that the total exports
of rice to 90 countries of the world from Pakistan has crossed
US$2.044 billion for the first time in the history of the rice
export.
(Source, The
Nation) |
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