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Government
of Pakistan Board of Investment
(Public Affairs Wing)
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News
from Pakistan (10-12-2002)
- The
Adviser to the Prime Minister on Privatisation and
Investment, Dr. Abdul Hafeez Shaikh, took charge
at the Privatisation Commission on Monday.
- The
Karachi Stock Exchange on the first day after Eid
holidays was in a jubilant mood and reached the eight-and-a-half-year
high, touching 2,400 points as support from financial
institutions and leading brokerage houses was seen
in fuel, energy and banking stocks.
- Total
recoverable gas reserves have been estimated to reach
27 trillion cubic feet in the country following major
discoveries made by both local and foreign exploration
companies recently.
- Prime
Minister's Adviser on Finance Shaukat Aziz has given
the first presentation from a series of briefings
to Prime Minister highlighting the macroeconomic
frame-work of the economy.
- The
12th SAARC Summit due to be held in Islamabad early
next month has been postponed.
- The
impact of the promised $ 1 billion loan waiver by
US will span over 38 years, as it is part of Paris
Club Rescheduling Agreement and it will not be a
one go affair.
- The
Federal Government has withdrawn Customs and Immigration
facility available to Pakistan International Airlines
(PIA) passengers departing for Muscat, Oman, from
Turbat airport.
- Country's
foreign exchange reserves have reached $ 9.01 billion.
- Tobacco
exports have increased by 87,381 kg or Rs 10 million
during July to September 2002.
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