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	(July 21, 2009)
	Economic Bulletin	click here for Market Glimpse
	FoDP meeting: Gilani urges EU to deliver on pledges; Prime Minister Syed Yousuf Raza Gilani has urged the European Union countries to deliver on their pledges made during the Friends of Democratic Pakistan (FoDP) ministerial meeting in Tokyo. The Prime Minister was talking to European Union's high representative and foreign policy chief Javier Solana, who called on him at the Prime Minister's House, Islamabad. (Source, BR)
	FBR announces 10-year tax holiday for projects in SEZs; Federal Board of Revenue (FBR) on Monday announced 10-year tax holiday for corporate zone developers who would undertake projects in the Special Economic Zones (SEZs). This exemption would be applicable on income derived by corporate zone developers for projects in the Special Economic Zones in Pakistan. The aim of the decision is to attract more companies of international repute for industrial zones development so that international quality infrastructure is made available and all required facilities for investors is ensured in the country. (Source, Daily Times)
	Afghan-Pak Transit Trade Agreement: Pakistan may be linked to Tajikistan; Pakistan may have access to Tajikistan, through Afghanistan, under Transit Trade Agreement (TTA) with the government of Afghanistan tto be signed by December 2009. The government of Pakistan is negotiating Afghanistan-Pakistan Transit Trade Agreement. (Source, BR, The News)
	1,000MW power import from Tajikistan under process; Tajik Minister for Energy and Industry Gul Sherali said on Monday Tajikistan was expediting the process for exporting 1,000MW electricity to Pakistan under CASA-1000 project. (Source, The News)
	EU urged to give greater market access to Pakistani products; Foreign Minister Shah Mahmood Qureshi has urged the European Union to give greater access to Pakistani products to European markets so that the trade relations between Pakistan and European countries flourish rapidly. "We have demanded of the European Union to give greater market access to Pakistani products to improve Pak-EU trade relations and to help strengthen Pak economy that is suffering on account of terrorism," the Foreign Minister said while addressing a joint press conference along with visiting High Representative of the European Union, Javier Solana. The two leaders were addressing the media after their talks in Islamabad. (Source, BR, Daily National Courier)
	South African trade team arrives in Pakistan; A trade delegation from South Africa comprising 18 leading businessmen has arrived Karachi to negotiate deals with Pakistani exporters of textiles, pharmaceutical, building material and sports goods during its stay here from July 20 to 25. Trade Development Authority of Pakistan (TDAP) has organized this programme. (Source, BR)
	Condition to finance Bhasha dam: ADB asks government to tax water used for irrigation; The Asian Development Bank (ADB) has sought government commitment to tax water used for irrigation, prior to release of funds for the construction of Diamer Bhasha dam. ADB is of the view that water to be stored in the dam, if used for irrigation of agriculture land, should be taxed. (Source, BR)
	Modern technology must for agri-development; Chairman Pakistan Agricultural Research Council (PARC) Dr. Zafar Altaf has stressed the need to introduce modern agricultural technology among small farmers for agricultural development in the country. In an interview, Dr. Zafar Altaf said that next agricultural development era would base on the agricultural yields of farmers of Balochistan and Sindh provinces. (Source, Pakistan Times)