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Daily Economic Activities

(July 18, 2009)
Economic Bulletin click here for Market Glimpse  
Priority being given to Public Private Partnerships Projects: Zardari;
President Asif Ali Zardari has said that the highest priority is being given to Public Private Partnerships Projects, during his meeting with Advisor to Infrastructure Project Development Facility (IPDF) Ghulam Murtaza Satti at the Presidency Islamabad. He was briefed on various projects run by IPDF and hiccups in executing them.
(Source, BR)
Korea intends to build economic zone in Pakistan: Senator Waqar Ahmed Khan;
Federal Minister for Investment Senator Waqar Ahmed Khan said that the government is making all out efforts to ensure business-friendly environment in the country to fetch foreign investment in the country. He was talking to a delegation of Korean investors led by Shouyang
Ho who called on him.
(Source, APP, BR)
Government to revitalize Swat economy: Makhdoom;
Federal Minister for Commerce, Makhdoom Amin Fahim said on that the government would revitalize various sectors of economy in Swat area to regenerate economic activities. "Swat has a long history of small scale commercial activities like silk, honey and fruit production and the government is thinking of revitalizing these sectors to generate economic activities in the region," the federal minister told the Hungarian Ambassador, Istvan Darvasi who called on him at his office Islamabad.
(Source, BR)
Malaysian companies invited to construct small, medium dams in Pakistan;
The Water and Power Development Authority (WAPDA) of Pakistan has invited Malaysian Companies to construct 32 small and medium dams in Pakistan. The Member (Water) WAPDA, in a letter addressed to the High Commission for Pakistan in Malaysia, has invited the Malaysian Companies having experience in building Dams to build 13 Dams in the Phase-I in various parts of Pakistan, either alone, or as joint ventures with local and international investors and contractors.
(Source, APP)
Pak, Germany to boost economic ties;
Germany is the largest trading partner of Pakistan with $2.388 billion trade in 2008, but still there is lot of potential to enhance bilateral trade and economic relations by exploring untapped potential areas. This was stated by Ambassador of Federal Republic of Germany Dr. Michael Koch while addressing the business community at Islamabad Chamber of Commerce and Industry (ICCI).
(Source, The News, The Post, Pakistan Observer)
Sindh energy, textile sectors: US firm keen to invest $1.5 billion;
An American firm has shown interest in investing at least $1.5 billion in the textile and energy sectors in Sindh. In this regard, a delegation of M/s Burgamo E&A, led by its Chief Executive Officer Hillord Herzorig, called on Sindh Chief Minister Qaim Ali Shah at Chief Minister House.
(Source, BR)
FESCO to spend Rs 1.5 bln on five rental power plants;
A sum of Rs 1.5 billion is being spent on the improvement and augmentation of distribution system to meet the fast growing needs of electricity within the jurisdiction of Faisalabad Electric Supply Company (FESCO). Chief Executive FESCO, Ahmad Saeed Akhtar said that 5 rental power of 950-MW capacity are being installed in and around the main load centre of Faisalabad.
(Source, Daily National Courier)
 
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