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Daily Economic Activities

(July 28, 2009)

Economic Bulletin click here for Market Glimpse  
Fiscal graph improved by PM’S successful visit; Senator Waqar Ahmed Khan;
Federal minister for investment Senator Waqar Ahmed khan said that fiscal graph of the country in general and stock market in particular, had improved significantly in the wake of prime minister’s recent successful visit to Sharm-el-sheikh.
(Source, Online, Pak Tribune)
Trade policy: Highlights;
Value addition in cotton to rise from $1000 to $1500 per bale by 2012. Fund to hedge mark-up rates. Industry to receive compensation for power shutdown in the form of electricity charges credit.
(Source, BR)
Exporters of 14 major sectors to be provided interim relief;
The government has decided to provide some kind of interim relief to the exporters of 14 major sectors, which would be linked with their productivity targets and efficiency standards of these sectors. According to the 2009-10 Trade
Policy announced on Monday, the determination of additional duty drawback to specified sectors may take some more time.
(Source, BR)
End extortions to attract investment: SBI;
In order to ensure a rapid industrialization in Sindh province, especially Karachi, it is necessary that law and order situation should be improved and stern action taken against extortionist gangs threatening and harassing investors and industrialists, so that investor community feel themselves to be safe and their investment secure.
(Source, Daily National Courier)
Emaar Pakistan to launch sale of limited collection of Mirador Villas at Canyon Views, Islamabad;
Emaar Pakistan, the country subsidiary of global property developer Emaar Properties PJSC, will be offering for sale a limited number of fully-constructed Mirador Villas at the Canyon Views development in Islamabad. Sales of villas will be held at the Islamabad and Karachi Sales Center on a first come, first served basis.
(Source, The News)
Power generation units to remain under-pressure until Sep 15, says Ashraf;
The power generation units of the country would remain under-pressure till September 15, 2009, Federal Minister for Water and Power, Raja Pervez Ashraf said. He, however, reiterated his stance that in August 600MW additional electricity would be injected in the system, which would provide relief to the consumers.
(Source, Daily Times)
Pakistan & Kazakhstan trade potential highlighted;
Pakistan’s Ambassador to Kazakhstan Irfan-ur-Rehman Raja underlined great potential for Pakistani businessmen in the Central Asian states, particularly in Kazakhstan.
(Source, The News, BR, Pakistan Observer)
 
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