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News from Pakistan (24-12-2002)

  • The Asian Development bank has approved a project preparatory technical assistance grant for $ 120,000 to the Government of Pakistan.

  • President said that Pakistan looks forward to increased economic trade and technological cooperation with Iran in a mutually beneficial manner.

  • Pakistan has a high cost business environment, which depresses investment, employment and production.

  • Pakistan's economic revival programme is beginning to produce good results, while it needs to follow its course to reach its long standing goals.

  • Iranian Chamber of Commerce has proposed to establish joint chamber and joint venture companies in association with Pakistani businessmen.

  • The Minister for IT and Telecommunication announced that telecommunication sector stands deregulated from January 1, 2003.

  • The joint forum of Sarhad Chamber of Commerce & Industries and Kabul Chamber of Commerce will hold an exhibition of Pakistani manufactured goods in Kabul, in April to promote trade relations between the two countries.

  • Pakistan has been invited to participate in the 46th edition of the Maltese international trade fair, to be held at Naxxar Trade Fairs and Exhibition Centre there, from July 2 to 13, 2003.

  • The Government will try its best to resolve the problems of the industrial labour, said Minister for Industries and Production.

  • The President, Federation of Pakistan Chambers of Commerce and Industry has thanked the Secretary, Ministry of Industries and Production, for accepting the FPCCI demand to withdraw Saturday as weekly holiday at Karachi Export Processing Zone.

(Iqbal Ahmad Khan)
Director (PA/IF)
24-12-2002

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