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Daily Economic Activities

(July 30, 2009)

Economic Bulletin click here for Market Glimpse  
Regional electricity: Pakistan and Tajikistan to set up networks;
Pakistan and Tajikistan on Wednesday agreed to initiate a strategic dialogue on regional peace, security and development, besides co-operation in energy sector. President Asif Ali Zardari and his Tajik counterpart Emomali Rahmon in their wide-ranging talks held at Qasr-e-Millet - Palace of the Nation, also agreed to establish regional electricity networks and early implementation of the Central Asia South Asia 1000 MW project.
The two leaders also vowed to explore and establish transit and transportation corridors, including direct air flights to link the two countries. President Zardari who is in the Central Asian Republic on a three-day visit, also had a joint press stakeout along with his Tajik counterpart and termed terrorism and militancy as the biggest threat to the 21st century.
(Source, BR)
Aid packages with strings not acceptable: Prime Minister;
Prime Minister Syed Yousuf Raza Gilani has said that Pakistan is playing major role as frontline state in war against terrorism and does not want strings attached to Kerry-Lugar bill or any other assistance package. "I ask the international community to help Pakistan overcome its problems rather than creating hurdles in financial assistance, including the Kerry Lugar bill, which should not be conditional," the Prime Minister said.
While talking to reporters after surprise visit to a National Database and Registration Authority (Nadra) centre here on Wednesday. He mixed up with the people and listened to their complaints regarding the performance of the Nadra. "Pakistan, at present, is passing through a difficult time due to terrorism and its role in war against terrorism and it is obligatory on the international community to help us at this difficult juncture," Gilani said.
(Source, BR)

Prime Minister Gillani Appoints PPP Senior Leader Mr. Khalid Awan as Investment Counselor for America;
Prime Minister of Pakistan Syed Yousaf Raza Gillani had appointed senior leader of Peoples Party and Chairman Lobbying Cell North America Mr. Muhammad Khalid Awan as Honourary Investment Counselor for America. Federal State Minister and Chairman Board of Investment Mr. Muhammad Saleem Madviwalla had present appointment letter to him in a graceful ceremony at ministry of investment.
Federal Minister for Privatization Mr. Syed Naveed Qamar, Ministry high official and other reputed guests were present in the oceans.
(Source, Online)

Government to release Rs 20 billion more to retire circular debt;
The government will release Rs 20 billion in the first week of August to further retire the circular debt. Finance Secretary Salman Siddique informed the National Assembly Standing Committee on Finance, which showed serious concerns over unpaid inter-corporate circular debt, and emphasised to create a framework for an early retirement of these liabilities.
The committee was chaired by Fauzia Wahab in the Parliament House here on Wednesday. The Finance Secretary explained the latest situation of circular debt to the committee, saying that efforts were under way to clear the entire circular debt during 2009.
(Source, BR)
Pak-Indonesia FTA likely by year-end;
Pakistan and Indonesia have been enjoying cordial relations and exchanges of more delegations would further enhance and promote these bilateral ties in all the fields. This was expressed by Indonesian ambassador to Pakistan Ishak Latuconsina while talking to a group of newsmen here at the embassy at a luncheon hosted by him.
(Source, BR)
Pak-India Business Council hails trade policy
The Pak-India Business Council has greeted the government's decision to grant subsidy and special concession for introduction of new textile engineering products, daily use items and medicines in the new Three-Year Trade Policy (2009-12). In this regard a meeting of the special committee of Pak-India Business Council on economic, industrial and management was held here,on Tuesday under the chairmanship of the councilchairman Noor Muhammad Kusuri.
(Source, BR)
 
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