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Government
of Pakistan Board of Investment
(Public Affairs Wing)
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News
from Pakistan (14-12-2002)
- Secretary
of Privatisation Commission said that by next week
the government will announce a pre-bid meeting date
with the pre-qualified bidders of Pakistan State Oil.
- The
Privatisation Commission has pushed back some major
transactions, including Pakistan State Oil, by some
months but said it was committed to the programme.
Now it said the stake in PSO would be sold in the first
quarter of 2003.
- The
export development surcharge which is charged by the
Customs at the rate of 0.25 percent on every export
consignment before shipment will be charged by banks
on realization of export proceeds from January 1, 2003.
- Revenue
and Telecom Divisions have not initiated disciplinary
cases against corrupt and inefficient officials under
Special Power (Removal from Service) Ordinance 2000,
showing that there is no corruption and inefficiency
in their organizations.
- Adviser
to the Prime Minister on Finance said that the 12 paisa
per unit reduction in power tariff will cast no burden
on WAPDA.
- The
Federal Government has converted the Agricultural Development
Bank of Pakistan into Zarai Taraqiati Bank Ltd; and
the new venture has started its operation with immediate
effect.
- The
Central Board of Revenue has directed the chartered
accountant firms to strictly follow the procedure laid
down by Securities and Exchange Commission of Pakistan
for resolving disputes relating to payment of audit
fee to special auditors.
- US
Secretary of State telephoned Foreign Minister and
expressed firm commitment to a structured, long-term
relationship with growing co-operation in diverse fields,
and agreed to remain in regular touch.
- The
Karachi stock market, for the third consecutive day
on Friday, closed on a positive note, slowly and steadily
heading towards the new high benchmark level as volume
soared which indicated that the buying concentrated
on large cap companies.
- The
World Bank mission has given assurance that it would
support Sui Southern Gas Company in its expansion and
investment programme, further improving efficiency
of the company.
- Pakistanis
living in United Kingdom should stick to positive values,
social cohesion and emotional investment in inter-personal
relationships, but not at the cost of individual freedom
of expression and self respect.
(Amir
Sultan)
Dy. Director (PA)
14-12-2002
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