of Pakistan Board of Investment
(Public Affairs Wing)
from Pakistan (25-11-2002)
provides the basis of economic development of any region
in the modern era. According to latest statistics,
there are 1,970 industrial units in NWFP, employing
57,290 workers with an investment of more than Rs.60
meeting of the Pak-US Joint economic Forum concluded
last week in Islamabad on a broad note that both sides
will further strengthen their trade and economic relations.
Central Board of Revenue has conveyed to the authorities
engaged in defence purchases that the exemption of
general sales tax would not be available for certain
types of vehicles assembled or manufactured by the
local industry for the armed forces.
cut in lending rate by the central bank, equity market
is set to attract genuine long-term investments as
the returns offered by several companies are in double
digit compared with other government securities at
less than eight percent.
prices for the second consecutive week ending on November
23, 2002, scored gains where index recorded an increase
of 3.3 percent after a month's deadlock as new government
was formed ensuring continuity in economic reforms
and heralding political stability.
dollar some-how resisted further decline in its value
versus the rupee in both the kerb and inter-bank market
last week on the back of the State Bank of Pakistan's
intentions to keep it at a certain level.
Salman Fibres, with financial assistance from International
Finance Corporation to set up a specialty fibre project
worth $ 15 million, is expected to start production
from June next year.
National Electric Power Regulatory Authority (NEPRA)
has returned WAPDA's two part tariff petition, asking
it that applications should be filed by the distribution
on Sunday strongly denied a report that it had helped
North Korea develop its nuclear weapons programme,
in return for missile technology that would strengthen
its hands against India.
Minister Mir Zafarullah Khan Jamali has assured that
his government would continue the policies and reforms
initiated by the government of Pakistan General Pervez