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Government
of Pakistan Board of Investment
(Public Affairs Wing)
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News
from Pakistan (11-12-2002)
- The
guidelines the Minister for Industries and Production,
Liaqat Ali Khan Jatoi, has issued to the Board of Investment
for attracting fresh foreign investment sound quite
appropriate under the developing economic situation
both at home and abroad.
- Giving
relief to the manufacturer-cum-exporters of towels,
the government has enhanced duty drawback rates on
the export of different types of towels from December
9, 2002.
- The
Sarhad Chamber of Commerce and Industry and Kabul Chamber
of Commerce and Industry formed a joint forum for promotion
of trade ties between Pakistan and Afghanistan.
- The
Asian Development Bank has approved a technical assistance
grant of $ 0.68 million to Pakistan for enhancing the
capacity for resource management and poverty reduction
in Punjab.
- The
Board of Administrators of Export Development Fund
has decided to withdraw and cancel the pending liabilities
of the projects of the Research and Training Centres
for Weaving, Faisalabad, and Gujranwala, amounting
to Rs.19 million each.
- The
United Nations Population Fund would provide a grant
of US $ 35 million to Pakistan for population development
and welfare.
- The
Asian Development Bank has awarded the first 'ADB Water
Prize' to the Housing, Urban Development, and Public
Health Engineering Department of Punjab, Pakistan.
- The
Federal Cabinet slashed power rates by 12 paisa per
unit, both for commercial and domestic consumers, and
promised to curtail the prices of some other essential
items shortly.
- 12-paisa
reduction in power tariff by the Jamali Government
will not leave any significant impact on the financial
health of Water and power Development Authority, rather
the decision will contribute towards improving country's
exports, and providing much needed relief to the industrial
and domestic consumers.
- The
Water & Power Development Authority plans to float
Rs 7 billion bonds next month, having a tenor of five
years.
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(Amir
Sultan)
Dy. Director (PA)
11-12-2002
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