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News from Pakistan (4-12-2002)
  • Liaqat Ali Khan Jatoi, Minister for Industries and Production, has directed the Board of Investment to focus on Persian Gulf countries, as a priority, for attracting investment into the country.

  • The Advisor to the Prime Minister on Finance and Economic Affairs, Shaukat Aziz, said that the government would soon amend the Investment Companies and Investment Advisors Rules which may accelerate the floatation of closed-end Funds, and companies should raise funds through stock market to deepen the bourses and investor base.

  • The State Bank of Pakistan decided to allow NGOs and other UN (Welfare) Organizations working in Afghanistan to take out of Pakistan foreign currency and Pak rupees valued over $ 10,000 and Rs 3000, respectively by opening account subject to procedure.

  • The Advisor to the Prime Minister of Pakistan said as soon as the civilian government settles down shares in Investment Corporation of Pakistan's State Mutual Fund, Pakistan State Oil Ltd., and National Investment would be sold to resume the privatisation process.

  • Federal Minister for Industries and Production Liaquat ali Khan Jatoi said that the subsidies available to the poor shall not be withdrawn and Utility Stores Corporation shall be made a viable and profitable business. He was visiting the headquarters of USC.

  • Japan International Co-operation Agency is expected to carry out a comprehensive study to prepare a National Transport Plan for Pakistan for the next ten years.

  • Exchange of trade delegations between Pakistan and Romania would help the two countries to enhance their bilateral trade ties. This consensus emerged here during a meeting between Islamabad Chamber of Commerce and Industries and Counsellor of Romania High Commission in Pakistan.

  • Small and medium Enterprise Development Authority (SMEDA) is going to join hands with defence equipment manufacturing industry for opening up new avenues of investment and export promotion in SME sector.

  • The Sindh government will set up mini-milk processing plants for increased production and to meet the province's milk requirement.
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