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Daily Economic Activities

(July 25, 2009)

Economic Bulletin click here for Market Glimpse  
Fresh inflow of $4.963 million foreign portfolio investment recorded
A fresh inflow of $4.963 million of foreign portfolio investment was recorded at the country's equity market during the outgoing week ended July 24, 2009. This was the sixth week in a row in which the offshore investors remained net buyers of shares at the local equity market, analysts said. During the last 6 weeks, foreigners were net buyers of $36.9 million worth of shares.
(Source, BR)
Investment Promotion and Protection Act: MoI formulating law for investors’ protection
Ministry of Investment is planning to give the country a unique legislation-Investment Promotion and Protection Act-to protect local as well as international investors against political victimisation and ensuring continuity of economic policies in the country, Waqar Ahmed Khan told. The act of parliament would require the future government to honor in letter and spirit the investment agreements as well as Memorandum of Understandings signed by the government of Pakistan.
(Source, Daily Times)
Proposed Trade Policy Framework 2009-12 and Trade Policy: we should seek trade rather than aid, says Prime Minister
Prime Minister Syed Yousaf Raza Gilani has approved the new trade policy to be placed before the Cabinet on July 27, but expressed dismay over previous year's performance as the government was not able to achieve even the revised growth target.
(Source, BR)
Pakistan and Malaysian foreign ministers focus on strengthening ties at ARF meeting
Foreign Minister Makhdoom Shah Mahmood Qureshi on Friday met Malaysian Foreign Minister Datuk Anifah Hj. Aman on the margins of 16th ARF Ministerial Meeting in Phuket, Thailand, and focused on strengthening economic partnership between the two countries. Both sides stressed to broaden economic co-operation to include joint ventures in mutually identified fields.
(Source, BR)
Pakistan should be used as gateway for world market'
Ambassador of Tajikistan, Zubaydov Zubaydullo Najotovich, on Friday reiterated that Pakistan is a gateway to the world and Central Asian States, which are in a dire need of access to the world through the port of Pakistan. The ambassador expressed these views during a meeting with the Federal Minister for Industries and Production, Mian Manzoor Ahmad Wattoo, here today. During discussion he also pointed out that Pakistan was also looking to import Tajik power to its Northern Areas as Tajikistan has huge hydropower potentials and cheapest electricity in the world.
(Source, Daily Times)
 
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