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Pakistan Center for Philanthropy

Association of Pakistani Professionals
Board of Investment Covt. of Pakistan
Export Processing Zone Authority

Government of Pakistan Board of Investment
(Public Affairs Wing)
News from Pakistan (19-12-2002)
  • The Board of Investment has identified the sectors that attracted major investments during the last five months, saying that the total marked an increase of 186 percent over the same period of last year.

  • Minister for Industries and Production said the Government will shortly introduce a 'one-desk system' to facilitate the investors at one point.

  • The Asian Development Bank approved a grant of $ 150,000 to assist the Government of Pakistan in the design of a Political Risk Guarantee Facility.

  • The prices of 20 life-saving drugs of leader products have been reduced.

  • State Bank of Pakistan is currently engaged in developing special government securities that will be Shari'ah compliant and meet an important requirement of the Islamic banks.

  • As per the results, 32.64 percent of Karachi Stock Exchange listed companies are profit making, while 23.57 percent paid dividends during 2002.

  • Japanese Ambasador expressed satisfaction on restoration of democracy in Pakistan and explained that Japanese Government is very keen to expand and deepen their economic business relations with Pakistan.

  • World Trade Organization poses no serious threat to the leather industry of Pakistan; however, the industry needs to address the whole value chain of its production to meet the required standards of quality set by WTO.

  • The Consul General of Sri Lanka said "We are almost ready to ink a Free Trade Agreement, between Pakistan and Sri Lanka at any movement, depending upon the convenience of the two governments, to enhance the two-way trade."

  • Pakistan Readymade Garments & Manufacturers Association has urged Advisor to the Prime Minister on Economic Affairs to direct Central Board of Revenue not to withdraw SRO 410, and instead let it run simultaneously with Duty and Taxation Remission on Exports rules for garment exporters.

(Amir Sultan)
Dy. Director (PA)

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Export Promotion Bureau Pakistan
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