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)