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News from Pakistan (05-10-2002)

  • The government has issued ‘Countervailing Duties Rules, 2002’ to protect the local industry and trade from the subsidised imports of industrial items produced in the country.

  • Improvement in Shell Pakistan and Hub Power changed the whole pattern of the stock market on Friday and index recouped overnight losses where ratio between gainers and losers stood around eight to five.

  • The government is preparing white paper on its three years achievements, which is expected to be released before the general elections. Pakistan successfully tested the surface-to-surface ballistic Shaheen-1 missile.

  • The US Ambassador to Pakistan, Nancy Power, on Friday said the cases of 700 Pakistani students seeking visas for studying in American universities have been finalised.

  • The Election Commission asked the authorities in the Centre and provinces to remain impartial in the electoral process. Pakistan elected as a member of the International Telecommunications Union Council by getting 116 votes.

  • The government has chalked out a comprehensive programme to link north and south across Pakistan through a reliable roadwork to provide a communication network to Afghanistan and Central Asian Republics.

  • Export promotion Bureau of Pakistan has received invitation for participation of Pakistani exporters in the BioFach-Tokyo, a fair scheduled to be held in Tokyo (Japan) from December 5 to 7, 2002.

  • The World Bank will enhance Pakistan’s annual assistance from the existing $600 million to $900 million in 2003-04 to effectively support various development initiatives.

  • The Agricultural Development Bank of Pakistan (Reorganization Conversion) Ordinance 2002 with immediate effect.

  • The rupee gained four paisa against the dollar in the inter-bank market despite nominal corporate debt servicing and oil import payments.
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Export Promotion Bureau Pakistan
Federation of Pakistan Chambers of Commerce & Industry
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