-
Liaqat
Ali Khan Jatoi, Minister for Industries and Production,
has directed the Board of Investment to focus on Persian
Gulf countries, as a priority, for attracting investment
into the country.
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The
Advisor to the Prime Minister on Finance and Economic
Affairs, Shaukat Aziz, said that the government would
soon amend the Investment Companies and Investment
Advisors Rules which may accelerate the floatation
of closed-end Funds, and companies should raise funds
through stock market to deepen the bourses and investor
base.
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The
State Bank of Pakistan decided to allow NGOs and other
UN (Welfare) Organizations working in Afghanistan to
take out of Pakistan foreign currency and Pak rupees
valued over $ 10,000 and Rs 3000, respectively by opening
account subject to procedure.
-
The
Advisor to the Prime Minister of Pakistan said as soon
as the civilian government settles down shares in Investment
Corporation of Pakistan's State Mutual Fund, Pakistan
State Oil Ltd., and National Investment would be sold
to resume the privatisation process.
-
Federal
Minister for Industries and Production Liaquat ali
Khan Jatoi said that the subsidies available to the
poor shall not be withdrawn and Utility Stores Corporation
shall be made a viable and profitable business. He
was visiting the headquarters of USC.
-
Japan
International Co-operation Agency is expected to carry
out a comprehensive study to prepare a National Transport
Plan for Pakistan for the next ten years.
-
Exchange
of trade delegations between Pakistan and Romania would
help the two countries to enhance their bilateral trade
ties. This consensus emerged here during a meeting
between Islamabad Chamber of Commerce and Industries
and Counsellor of Romania High Commission in Pakistan.
-
Small
and medium Enterprise Development Authority (SMEDA)
is going to join hands with defence equipment manufacturing
industry for opening up new avenues of investment and
export promotion in SME sector.
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The
Sindh government will set up mini-milk processing plants
for increased production and to meet the province's
milk requirement.
