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Daily Economic Activities

(July 14, 2009)
Economic Bulletin click here for Market Glimpse  
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)
Pakistan eyes fast start to Qatar LNG importers;
Pakistan wants to start importing liquefied natural gas (LNG) from Qatar in six months, Pakistan's Minister of Investment told the news agency Reuters on Monday.
(Source, Maktoob Business, Gulf Daily News, Gulf Base, The Peninsula, BR)
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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