|
|
|
Government
of Pakistan Board of Investment
(Public Affairs Wing)
|
|
News
from Pakistan (1-1-2003)
- Equities
marched upward and the KSE-100 index for the first
time crossed the 2700 mark while volume made another
record when 689 million shares changed hands on Tuesday,
led by Hubco, ICI and FFC Jordan.
- The
State Bank of Pakistan has announced that third-currency
exposures would also be available for importers, allowing
forward cover for any duration, and included sight
exports bills for discounting against the forward contract.
- Pakistan
took its seat as the non-permanent member of the United
Nations Security Council on 1st January 2003 for two
years.
- The
State Bank announced that the rate of remuneration
on 20 percent Special Cash Reserve Account (US Dollar),
maintained by banks and non-banking financial institutions
with the State Bank for the month of January, 2003,
will be 0.88 percent per annum.
- The
Government of France has in principle agreed to fund
Capital Development Authority for the construction
of 4th Sewerage Treatment Plant in the Federal capital.
- The
Chinese Software Industry Association has inked a Memorandum
of Understanding with Kalsoft Private Limited for the
development of management Information System.
- The
Oil Companies Advisory Committee raised prices of oil
products in the range of 3.97 percent to 8.37 percent
in line with higher global crude oil prices on concerns
of a possible US attack on Iraq.
- Chairman,
Site Association of Industry urged Governor of Sindh
to talk to Prime Minister of Pakistan to pursue him
to make efforts to reduce input cost by reducing power,
gas, local telephone call rates and rationalizing the
present tax structure.
- The
Secretary General, Islamic Chambers of Commerce and
Industry has pointed out that due to lack of investment
in advertising and marketing Pakistan abroad, its tourist
products and potential remain unknown to the tourist
generating countries, particularly the member countries
of the Organization of Islamic Conference.
(Iqbal
Ahmad Khan)
Director (PA/IF)
1-1-2003
|
|
|
