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	(July 29, 2009)
	Economic Bulletin	click here for Market Glimpse
	Petroleum cos, investors offered to tap hydrocarbon potential; The immense untapped hydrocarbon potential, estimated at 27 billion barrels of Oil and 280 trillion cubic feet of natural gas coupled with new petroleum policy made Pakistan certainly one of the best attractive destinations in the world for oil and gas exploration companies with high rate of return on their investment. This was stated by Advisor to the PM on Petroleum and Natural Resources, Asim Hussain while addressing the participating int'l and national companies, experts and investors at the second Pakistan Exploration and Promotion Conference at Hilton Post Oak Hotel, Houston, USA. (Source, The Nation)
	Swiss investment will see boost in coming months; The Deputy Head of Mission Embassy of Switzerland Nicolas Plattner has stressed the need for more interaction between the business communities of Pakistan and Switzerland so as enable them to avail the opportunities available in each other's country. While speaking at the Lahore Chamber of Commerce and Industry, (LCCI), the Swiss diplomat said there are a few sectors wherein there is huge potential for the Swiss businessmen particularly the transfer of technology for the textile sector has a lot of scope. Several Swiss companies are already operating in Pakistan and doing a successful business, which is enough to prove that the Swiss investment has a bright future in this country. (Source, BR, The News, Pakistan Observer)
	Four-nation transit agreement: Pakistan to assist Tajikistan in granting access to participants; Pakistan has proposed giving access to Tajikistan in the Quadrilateral Agreement for traffic in transit in a bid to enhance trade activities among contracting countries of the agreement. Pakistan, China, Kyrgyzstan and Kazakhstan have signed Quadrilateral Agreement, which is in operation since 2004. During the meeting of Pak-Tajikistan Joint Economic Commission (JEC) on July 20-21 in Islamabad, Pakistani officials raised the issue of joining Tajikistan in the Quadrilateral Agreement, and assured full support to the Tajik officials in this regard. (Source, BR)
	$50m S African investment likely; Foreign direct investment worth $40 to 50 million is expected to come in denim, polyester, fabrics, building materials and sports goods from South Africa. This investment prospect emerged after a visit of a 16-member delegation of prominent South African buyers, invited by the Trade Development Authority of Pakistan (TDAP), to provide them an opportunity to see the manufacturing capabilities of Pakistani industrial sector. In pharmaceuticals, because of inspection and registration, investments will take time and afterwards business would go on to the tune of $200 to 300 million in the long term. (Source, The News)
	First Pakistan trade festival in Argentina; The first-ever ‘Pakistan Trade Festival’ in South America will be inaugurated by Commerce Minister Makhdoom Amin Fahim on August 5 at the Borges Cultural and Convention Centre, Buenos Aires, said a statement issued from the Pakistan embassy in Argentina. (Source, The News)
	Investment promotion project: Sindh BoI asked to explain provision of Rs 64 million to consultant firm; The Sindh Board of Investment has been asked to elaborate about the provision of Rs 64 million, out of its total Rs 100 million, for hiring a consultant firm for project Investment Promotion in Sindh aimed at boosting economic activities and poverty alleviation. (Source, BR)