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Government
of Pakistan Board of Investment
(Public Affairs Wing)
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News
from Pakistan (30-12-2002)
- Iran
has sought Pakistan's help to acquire the membership
of World Trade Organization to fully avail the benefit
of rapid changes in the global trade.
- The
Karachi Stock Exchange during 2002 registered a significant
growth of 109 percent and outperformed all stock markets
of the world as investment from overseas Pakistanis
filtered in and low interest rates increased participation
from the banks, individuals and financial institutions.
- The
Water and Power Development authority has revised its
rate of return on Rs 7 billion bonds, to be issued
next month, by 75 basis points to 7.25 percent.
- As
part of the ongoing efforts of the Federal Government
to enhance production of quality milk and dairy products
within the country and enhance their exports, the Punjab
and Sindh Governments have launched comprehensive plans.
- Sialkot
Chamber of Commerce and Industry with the collaboration
of Export Promotion Bureau of Pakistan will arrange
single country trade fair during the forthcoming Cricket
World Cup in South Africa.
- Pakistan's
economic situation has improved after the incident
of September 11, said Chairman of National Bank.
- The
Pakistan Readymade Garments manufacturers and Exporters
Association has urged Commerce Minister to plead for
reduced tariffs instead of demanding more quotas during
his forthcoming talks with the US authorities as the
quotas would gradually phase out by January 2005.
- The
Oil Companies Advisory Committee might increase the
petroleum product prices by as much as five percent
as the world oil prices have reached almost two-year
high.
- The
country's foreign currency reserves in the calendar
year 2002 recorded an unprecedented improvement of
86 percent.
- The
rupee during the week ending on December 28, 2002,
being virtually the last week of 2002, closed on a
stable note versus the dollar.
(Iqbal
Ahmad Khan)
Director (PA/IF)
30-12-2002
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