of Pakistan Board of Investment
(Public Affairs Wing)
from Pakistan (19-11-2002)
Investors Service, a credit rating agency, has raised
outlook to 'Positive' from 'Stable' on Pakistan's B3
country ceiling for long-term foreign currency debt
on stronger foreign currency reserves and ability to
meet external liabilities.
rupee on Monday rose to 26 month high at Rs 57.90 for
a dollar in the kerb market.
companies cut prices of high sulphur fuel oil as much
as 8.4 percent to help boost industrial production
after decline in crude oil prices.
Securities and Exchange Commission of Pakistan has
said that the regulatory transfer of non bank financial
institutions will take place on December 1, 2002.
Central Board of Revenue has declined to give complete
duty sweep to Pakistan-Afghanistan-Turkmenistan gas
pipeline project and asked the policy makers to arrange
a meeting with Asian Development Bank experts for point-to-point
Treasury Secretary has said that co-operation with
Pakistan would continue in long term and the issue
of assets or money transfer to terrorist organizations
would be taken up at length with the Pakistani government.
dollar demand on Monday picked up seven paisa against
the rupee in the inter bank market as investors built
fresh positions on hopes more liquidity would flow
into the market after the central bank cut its key
government has allowed the public sector entities to
invest surplus funds in the non government securities,
Term Finance Certificates and shares, up to 20 percent
of total funds under management.
award of five percent quota carried forward against
next year's ceiling by European Union in Category 20
has prevented chances of embargo on shipments in the
has been sent on e-mail to OPs/HICs/CCs.
-DG, BOI, Karachi.
-System analyst to place it on website.