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| Daily Economic Activities |
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(July 15,
2009) |
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| Economic Bulletin | click here for Market Glimpse | ||
Foreign
Ministry: President orders setting up of Economic Diplomacy Wing; President Asif Ali Zardari has asked the government to establish Economic Diplomacy Wing (EDW) at the Foreign Ministry to be headed by a senior officer for furthering economic interests of the country as an essential component of the foreign policy. The government should take measures to ask the international community to fulfill its pledges made for providing assistance to internally displaced persons (IDPs) of Malakand division, President Zardari said while addressing a meeting held at Aiwan-e-Sadr, Islamabad to review the follow up progress of the two separate meetings of Donors and the Friends of Democratic Pakistan (FoDP) in Tokyo in April last. (Source, BR, The News, The Financial Daily) |
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Discussions
on closer economic cooperation: Medvedev, Karzai, Zardari to meet
this month; The leaders of Russia, Afghanistan and Pakistan are scheduled to meet in the Tajik capital Dushanbe later this month in an effort to boost regional co-operation, the Tajik authorities said. Dmitry Medvedev of Russia, Emomali Rakhmon of Tajikistan, President Asif Ali Zardari and Hamid Karzai of Afghanistan are scheduled to meet on July 29 and 30 "for discussions of closer economic co-operation," said a Tajik foreign ministry spokesman. (Source, BR) |
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Property
developers urged to tap Pakistan's construction sector; Pakistan is fast becoming the destination of choice for Malaysian investors with its "lucrative incentives", revealed a study by several Malaysian businessmen following a recent visit to the republic. Datuk Mohamad Salim Fateh Din, who is the honorary investment counselor of Board of Investment of Pakistan based in Malaysia, urged property developers to be among the first to tap Pakistan's construction market due to the strong demand for modern property developments. (Source, Business Times) |
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KCCI
represented in Sindh Board of Investment; |
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Hina
turns on power subsidy; State Minister for Finance and Economic Affairs, Hina Rabbani Khar Tuesday announced that government has decided to subsidize electricity consumers by cutting current expenditures of civil administration. (Source, The Financial Daily) |
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Govt.
to disclose oil pricing formula; Adviser to the Prime Minister on Petroleum and Natural Resources Dr Asim Hussain has said the government would make public the oil pricing formula on Thursday, which will clarify how much the government is taxing the people. “This will make it clear the government is not extorting money from the public,” he said. (Source, The News) |
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Several
power projects near done; Federal Minister for Water and Power Raja Pervaiz Ashraf said that different power projects are near completion and government would complete them before the scheduled time. Talking to PTV, he reiterated government's resolve to end the menace of load shedding on permanent basis by end of this year. He said the government is taking alternative steps to ensure the resumption of power generation from Mangla power station on permanent basis. (Source, The Financial Daily) |
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Record
rice export fetches $2bn; The country earned $2.044 billion by exporting record 2.930 million tons of rice thanks to a bumper crop of over six million tons during the last fiscal year 2008-09. (Source, Dawn) |
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Copyright
© 2009 BOI Gov. of Pakistan. All rights reserved.