Government of Pakistan Board of Investment
(Public Affairs Wing)
News from Pakistan (3-12-2002)
Development Bank has approved $ 50 million to the
government of Pakistan for Punjab Community Water
Supply and Sanitation Project.
trade and investment delegation from Saudi Arabia
would be arranged to visit Pakistan for identifying
Pakistani export market and set up processing units
at Export Processing Zones.
first geo-stationary satellite will be in place on
the 23rd of this month.
tough security measures, governing the shipments
to the US, made under the US Container Security Initiative,
effective from Monday (December 2) will affect the
shipping lines and Pakistan's exports to the US.
dollar on Monday breached an important mark of Rs
58 in the kerb market, showing 15 paisa fall for
buying and selling at Rs 57.90 and Rs 58.00, respectively.
and Norway have signed $ 32.67 million rescheduling
agreement spanning over a repayment period of 23
years including a grace period of 5 years at the
interest rate of six months.
oil marketing companies have cut the prices of fuel
oil by 3.4 percent, in line with the declining crude
oil prices world-wide.
European Union withheld 4,000 tonnes of flexibility
quota for Pakistan textile exports creating problem
of acute unavailability of quota in different categories.
Securities and Exchange Commission of Pakistan has
started supervising all non-banking financial institutions,
except development financial institutions, from December
announced a four-year $ 60 million award to the Research
Triangle Institute for implementation of its Education
Sector Reform Assistance project for Pakistan.
present government is taking keen interest in the
development of Northern Areas and has launched various
development projects in the area to bring it at par
with other developed areas of the country.