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Daily Economic Activities

(July 22, 2009)
Economic Bulletin click here for Market Glimpse  
Zardari asks businessmen to help overcome power crisis;
Terming the private-public partnership imperative to resolve the problems Pakistan is facing at present, President Asif Ali Zardari called upon the business community to join hands with the government to get rid of the power crisis. The persistent load-shedding in the hot summer has tested the patience of the people to its limits. Let us together take the bull by the horns", the President said during a brainstorming session on the energy issues in the country that was attended by Ministers and senior officials and leading entrepreneurs of the country.
(Source, BR, The News)
President and Prime Minister take action against KESC;
Prime Minister Syed Yusuf Raza Gilani called on President Asif Ali Zardari in the Presidency and discussed a host of issues including the power outages in Karachi and other parts of the country. The meeting took serious notice of the frequent power breakdowns in Karachi and the failure of the utility to meet the challenge particularly in the wake of rains.
(Source, BR)
Govt. offers over 30% investment rate of return;
Federal Minister for Investment, Senator Waqar said that the average rate of return on investment in Pakistan is 30 percent.
In some cases it is up to 50 percent, the Federal Minister said while discussing investment opportunities and incentives provided by the country.
The ministry of investment, the Federal Minister said that the country also allows 100 percent foreign equity in major sectors and full repatriation of profit and dividends in all sectors.
(Source, The Daily Mail, Daily National Courier)
Foreign investment in stocks on the up;
Stock market has witnessed a substantial inflow of foreign investment which was a good omen for the national economy. This was stated by the Federal Minister for Investment, Senator Waqar Ahmed Khan. The positive sign in stock market emerged in the wake of successful Swat operation, resettlement of IDPs and willingness of Pak-India for resumption of bilateral dialogues, he said.
(Source, The Financial Daily, Daily Times)
CSF unveils annual progress report;
It achieves landmark by setting up Sindh Development Fund, helps open up Central Asia Trade Corridor in collaboration with the Trade Development Authority of Pakistan. The Competitiveness Support Fund, a joint initiative of the Ministry of Finance and the United States Agency for International Development (USAID), on Tuesday launched its annual progress report.
(Source, The News)
Pakistan and Tajikistan sign joint protocol;
Pakistan and Tajikistan have signed a joint protocol at the end of Pak-Tajik Joint Economic Commission (JEC) meeting for further co-operation in many areas. Minister for Water and Power Raja Pervez Ashraf and Tajik Minister for Energy and Industry Gul Sherali signed this protocol.
(Source, BR)
 
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