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Government
of Pakistan Board of Investment
(Public Affairs Wing)
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News
from Pakistan (12-12-2002)
- Pakistan
is one of the few countries which is blessed with billions
of investment locked up in the existing stock of residential
as well as commercial properties that can be recycled
and boost the economic activities, said Governor, State
Bank of Pakistan.
- The
housing sector, with enormous potential for growth,
creating jobs and generating economic activities in
40 allied industries, has also produced huge opportunities
for banking and financial institutions for long term
investment and sustainable growth, said Adviser to
the Prime Minister on Finance and Economic Affairs,
- Prime
Minister waived the 12 month electricity dues of less
than Rs.10,000/- for those poor people of the city
who receive Zakat from the government treasury.
- Adviser
to Prime Minister for Finance and Economic Affairs
said that the government is working to simplify procedure
for providing loans for small and medium enterprises,
agriculture and rural finance.
- The
State Bank of Pakistan further reduced the cut-off
yield on 6 month Treasury Bills. The SBP raised an
amount of Rs.13.25 billion against a target of Rs.10
billion. The cut-off yield on 6 month Treasury Bills
was 4.448 percent per annum.
- The
inaugural meeting of the Joint Trade Working Group
of Pakistan and the United States began its deliberations
here on Tuesday.
- Foreign
Minister said that the new administration's foreign
policy will continue to focus attention on strengthening
national economy and handling opportunities and challenges
of the World Trade Organization System.
- Bringing
lamb/sheep leather into the duty drawback regime, the
government has allowed the facility on the export of
both kinds of leather from December 9.
- Liquefied
Petroleum Gas companies have asked the Federal Government
to enact special laws to check the illegal practice
of decanting of gas cylinders, which is posing a serious
threat to life and property.
- Adviser
to the Prime Minister on Privatization and Investment
said that USAID has assured to give $ 8 million for
study tours and scholarships to promote small and medium
enterprises in Sindh and Balochistan.
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