daily menu » rate the banner | guess the city | one on oneforums map | privacy policy (aug.2, 2013) | DMCA policy | flipboard magazine
Old February 15th, 2006, 06:51 AM   #401
Towers
BANNED
 
Join Date: Jan 2006
Posts: 364
Likes (Received): 1

turkmenistan, i wana go there
Towers no está en línea   Reply With Quote
Old February 15th, 2006, 08:04 AM   #402
asfar
-----
 
asfar's Avatar
 
Join Date: May 2005
Posts: 568
Likes (Received): 43

a big advantage of going with this pipeline is that the government can tell them that it will only go for the TAP pipeline if turkmenistan agrees to conduct all business with gwadar instead of chahbhar
__________________
Musharraf - "Pakistan First"
asfar no está en línea   Reply With Quote
Old February 15th, 2006, 09:04 AM   #403
swerveut
quit wasting my time !!
 
swerveut's Avatar
 
Join Date: Jan 2005
Location: Perth, Karachi
Posts: 3,903
Likes (Received): 357

Pakistan offers best returns in Asia

This article deserved its own thread to highlight it. It has also been posted on the Economic Progress thread.

‘Pakistan offers best returns in Asia’

SINGAPORE, Feb 14: Asia’s frontier markets Pakistan and Vietnam, offer investors some of the best potential returns in the region, said Spencer White, Merrill Lynch’s chief Asia equity strategist on Tuesday.

Both Pakistan and Vietnam have been among the fastest growing economies in Asia in recent years, as policy and market reforms, as well as the privatization of state assets, picked up in pace, White said.

“There is appetite for a revisit to some of the emerging frontier Asian economies and markets which really have been in the shadows since the Asian financial crisis,” he said.

With the pace of earnings growth likely to slow in the region’s larger markets, including Australia, Hong Kong and India this year, investors should underweight those markets relative to the MSCI benchmark, White said.

They should consider putting at least three per cent of their Asian portfolios into each of Pakistan and Vietnam, where returns on equity are expected to be 28.1 per cent and 29.8 per cent, respectively this year, he said.

In addition, the yield for Pakistan stocks is around 5 per cent, among the highest in Asia.

Despite the attractive returns, few foreign investors have invested in Pakistan and Vietnam stocks.

Portfolio inflows into Pakistani stocks were estimated to be around $450 million in 2005, compared with an annual average of $150 million in the previous three years, White said on the sidelines of a Pakistan equity investment conference organized by Merrill Lynch.

White, a former fund manager who joined Merrill in 1999, said that in Pakistan he would recommend stocks such as Pakistan Oilfields, National Bank of Pakistan, Nishat Mills, telecoms group WorldCall Communications and Kot Addu Power Company for their earnings growth.

Pakistan’s Karachi Stock Exchange 100-index has risen 17.2 per cent this year, after a 53.7 per cent rise last year, making it Asia’s second-best performer after South Korea

White said those investors who did not invest in Pakistan last year have missed the best part of a recent rally. The $53 billion market is now 60 per cent more expensive than it was six months ago.

“It’s still cheaper than lots of other markets. It was an awful lot cheaper last July, but I think it’s still cheap enough with a lot of interesting opportunities,” White said, adding that Pakistan trades at 11.4 times 2006 forecast earnings, compared to 15.8 times in India, and 12.7 times in Asia ex-Japan.

Karachi’s average daily trading volume of about $800 million makes it more liquid than its Southeast Asia peers, he said.

“Pakistan would on a daily basis trade an amount equivalent to Thailand, Indonesia, the Philippines and Malaysia combined.”—Reuters



http://www.dawn.com/2006/02/15/ebr7.htm
swerveut no está en línea   Reply With Quote
Old February 15th, 2006, 09:51 AM   #404
merijanpakistan
We need Malcolm X
 
merijanpakistan's Avatar
 
Join Date: Apr 2005
Location: West Virginia, Mountain Mama!
Posts: 691
Likes (Received): 28

Salam,
Quote:
Originally Posted by asfar
a big advantage of going with this pipeline is that the government can tell them that it will only go for the TAP pipeline if turkmenistan agrees to conduct all business with gwadar instead of chahbhar
Good point. Besides, it will be easier for them to trade through Gwadar, after the TAP pipeline... since we will have an infrastructure and common interests in economics.

Peace.
__________________
ISLAMIC DEMOCRACY OF PAKISTAN:

Zero Political Repression
Zero Social Discrimination
Zero Economic Exploitation
Zero Environmental Extortion
merijanpakistan no está en línea   Reply With Quote
Old February 15th, 2006, 05:09 PM   #405
Gumnaam
Adm!n!strator
 
Gumnaam's Avatar
 
Join Date: Feb 2005
Posts: 914
Likes (Received): 50

+ Gwadar has also a strategic edge over Chabahar in terms of distance from port to Afghanistan and other CARs.

More travelling distance = More cost of goods.

As for pipeline, I think we all are in favour of TAP and rightly so.

IPI is looking impossible at this moment and since India is in strategic partnership with the US and their nuclear deal is most likely to go through, I think they are backing off (just my personal opinion) from IPI and just playing around with us (we know it very well ) and Iran (Iranian are learning it very quickly )
__________________
?
Gumnaam no está en línea   Reply With Quote
Old February 17th, 2006, 09:44 AM   #406
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

UAE to invest in power sector in Pakistan
'Pakistan Times' Staff Report

ISLAMABAD: The government of United Arab Emirates, (UAE) has shown interest to invest million of dollars in power sector in Pakistan.

The interest was shown by Minister for Energy, UAE Muhammad Bin Dha'en Al-Hamiti while talking to Federal Minister for Water and Power, Liaquat Ali Jatoi here on Thursday.

The UAE Energy Minister who is leading a 10-member delegation expressed satisfaction over the economic situation in Pakistan.

He observed that Pakistan is a country of high economic growth and emerging as a good economic market in the region.

He said it is also providing great opportunities to the foreign investors to put their capital in Pakistan for successful investment.

He said that UAE has vast experience in the power sector particularly in combined cycle projects.

The Projects

During meeting it was decided that there will be continuity of such meetings for early finalization of projects while Ministry, NESPAK and PPIB will provide all required information and detailed study reports of various water and power sector projects in this regard.

The Minister offered to conduct survey and feasibility studies of projects by NESPAK as per requirement of UAE.

The delegation was informed by the Pakistani side that thegovernment has simplified the procedure to facilitate the foreign investors.

The UAE delegation was informed that flexible regime for foreign investment exists in the country and no procedural problem would impede them while investing in power sector. •
http://pakistantimes.net/top02170605.htm
singaporean no está en línea   Reply With Quote
Old February 17th, 2006, 09:48 AM   #407
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

Turkmenistan to supply 3.2 BCF gas to Pakistan 30 years
------TAP ministers signs MoU
Friday February 17, 2006 (0120 PST)










ISLAMABAD,: Turkmenistan will supply 3.2 billion cubic feet gas per day to Pakistan for a period of 30 years.
A Memrandum of Understanding (MoU) was signed on Wednesday at the conclusion of a two-day Ministerial meeting of Turkmenistan-Afghanistan-Pakistan (TAP) pipeline held in Ashqabad from February 14-15.

The Turkmenistan Minister for Oil and Gas Mr. Gurbanmurat Atayev, Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon and Minister for mines and Industries of Afghanistan Mir Muhammad Siddique represented their respective countries’ delegation at the talks.

Mr. Dinsha J. Patel, Minister of State for Petroleum and Natural Gas, Government of India, attended the meeting as an observer while Mr. Dan Millison, Energy Specialist, represented the Asian Development Bank.

The two-day meeting deliberated upon the key issues of gas avaibility, security, route, pipeline structure, gas pricing and financial aspects of the project. The India side expressed its willingness to joint the TAP.

The meeting expressed satisfaction over the pace of progress on the TAP pipeline project and agreed to adopt strategy to implement the project as early as possible for the benefit of the member states and the region as well. The meeting considered the feasibility report presented by the Asian Development Bank.

It was agreed to hold a technical experts meeting followed by TAP Ministerial meeting in Islamabad in April to ink the gas pricing agreement.

While commenting on the deliberation, the Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon said that this project would not only open up avenues of cooperation in the oil and gas sector between the member states but also bring the people of regional countries closer.

Meanwhile, Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon will embark its visit to India from Friday (today).

He will visit India on the invitation of his Indian counterpart Murli Deora. He is leading a delegation comprising Advisor to the Prime Minister for Energy Mukhtar Ahmed, Secretary Petroleum Ahmed Waqar, MD Interstate Gas System Company Hassan Nawab to discuss Iran-Pakistan-India (IPI) gas pipeline project.

Pakistan will face gas shortfall after 2010 and working on import of gas from Iran, Turkmenistan and Qatar besides LNG fuel to meet the growing energy needs of the country linked with the unprecedented upward trend in growth of economy.
singaporean no está en línea   Reply With Quote
Old February 17th, 2006, 09:51 AM   #408
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

Turkmenistan to supply 3.2 BCF gas to Pakistan 30 years
------TAP ministers signs MoU
Friday February 17, 2006 (0120 PST)

ISLAMABAD,: Turkmenistan will supply 3.2 billion cubic feet gas per day to Pakistan for a period of 30 years.
A Memrandum of Understanding (MoU) was signed on Wednesday at the conclusion of a two-day Ministerial meeting of Turkmenistan-Afghanistan-Pakistan (TAP) pipeline held in Ashqabad from February 14-15.

The Turkmenistan Minister for Oil and Gas Mr. Gurbanmurat Atayev, Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon and Minister for mines and Industries of Afghanistan Mir Muhammad Siddique represented their respective countries’ delegation at the talks.

Mr. Dinsha J. Patel, Minister of State for Petroleum and Natural Gas, Government of India, attended the meeting as an observer while Mr. Dan Millison, Energy Specialist, represented the Asian Development Bank.

The two-day meeting deliberated upon the key issues of gas avaibility, security, route, pipeline structure, gas pricing and financial aspects of the project. The India side expressed its willingness to joint the TAP.

The meeting expressed satisfaction over the pace of progress on the TAP pipeline project and agreed to adopt strategy to implement the project as early as possible for the benefit of the member states and the region as well. The meeting considered the feasibility report presented by the Asian Development Bank.

It was agreed to hold a technical experts meeting followed by TAP Ministerial meeting in Islamabad in April to ink the gas pricing agreement.

While commenting on the deliberation, the Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon said that this project would not only open up avenues of cooperation in the oil and gas sector between the member states but also bring the people of regional countries closer.

Meanwhile, Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon will embark its visit to India from Friday (today).

He will visit India on the invitation of his Indian counterpart Murli Deora. He is leading a delegation comprising Advisor to the Prime Minister for Energy Mukhtar Ahmed, Secretary Petroleum Ahmed Waqar, MD Interstate Gas System Company Hassan Nawab to discuss Iran-Pakistan-India (IPI) gas pipeline project.

Pakistan will face gas shortfall after 2010 and working on import of gas from Iran, Turkmenistan and Qatar besides LNG fuel to meet the growing energy needs of the country linked with the unprecedented upward trend in growth of economy.

http://paktribune.com/news/index.php?id=134441
singaporean no está en línea   Reply With Quote
Old February 18th, 2006, 08:29 AM   #409
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

India supports Iran pipeline: Delhi to join Turkmenistan plan: Jadoon




By Jawed Naqvi

NEW DELHI, Feb 17: Petroleum ministers of Pakistan and India gave their unequivocal support on Friday to the proposed gas pipeline from Iran, saying neither fears about trouble in Balochistan nor the raising of international finances for the project were an issue.

Officials asserted after Friday’s talks between Petroleum Minister Amanullah Khan Jadoon and his Indian counterpart Murli Deora that political fears emanating from the US opposition to the pipeline appeared to have been exaggerated.

The view was bolstered by support for the project conveyed to Mr Jadoon by Indian Prime Minister Manmohan Singh, who took time out from parliament for the meeting.

The two ministers addressed a joint news conference which was marked by moments of humour and banter.

“This is a pipeline for progress and friendship of all three countries,” Mr Deora quoted the prime minister as telling the guest.

Dr Singh later told parliament more or less the same thing, adding that the project was being studied by international consultants who would shape it before mobilization of resources begun.

In reply to a question, Mr Deora said international bodies and private players were ready with the required money.

Mr Jadoon allayed Indian fears that troubles in Balochistan and occasional blasting of pipelines by violent groups elsewhere would affect the security of the project.

“Pakistan is serviced by a 10,000km network of gas pipelines,” he said. “There have been unfortunate incidents here and there, but our main arterial conduit has remained untouched. So we are confident and remain undeterred.”

Islamabad endorsed India’s full membership in the Turkmenistan-Afghanistan-Pakistan pipeline project. “It is TAP today, but soon it would be TAPI,” Mr Jadoon disclosed.

A joint statement after the talks charted the road ahead, including the option for a submarine pipeline conduit from Qatar.

The statement said the two ministers met in order “to carry forward the dialogue between the two countries on the Iran-Pakistan-India3 Gas Pipeline Project.”

In his meeting with the Pakistani minister, “the prime minister conveyed the fullest support of the Indian government to the project. Both the prime minister and the Pakistani petroleum minister agreed that the project was of vital importance to both countries as it would not only serve the economic development interests of the peoples of the three countries involved with the project, but it would also serve to bring them closer together.”

Pakistani and Indian delegations had detailed discussions on the project. The ministers noted with satisfaction that since the initiation of dialogue between the three countries concerned in June 2005, through the mechanism of bilateral joint working groups, there had been considerable progress.

In this regard they welcomed the meeting of Indian, Pakistani and Iranian technical officials in New Delhi on Jan 30-31, when they had participated in an international workshop on pipeline technology and then held discussions in the tripartite technical sub-working group on various aspects of the project.

It was agreed that the outstanding technical issues would be pursued at the next tripartite technical sub-working group meeting in Islamabad in March.

The two delegations had in-depth discussions on various aspects of the project, including project structure and the price of gas.

The two sides agreed that these important issues had to be resolved consensually as quickly as possible so that a tripartite framework agreement could be finalized.

The two ministers noted with satisfaction that India had participated for the first time as an ‘observer’ in the 9th meeting of the steering committee of the Turkmenistan-Afghanistan-Pakistan project. The Pakistani minister welcomed the participation of India in the project as a full member.

The two sides agreed to pursue the Gulf-South Asia pipeline project from Qatar.

http://www.dawn.com/2006/02/18/top2.htm
singaporean no está en línea   Reply With Quote
Old February 19th, 2006, 07:26 AM   #410
swerveut
quit wasting my time !!
 
swerveut's Avatar
 
Join Date: Jan 2005
Location: Perth, Karachi
Posts: 3,903
Likes (Received): 357

Saudi Pak to set up real estate company


By Our Reporter

ISLAMABAD, Feb 18: The State Bank of Pakistan has granted permission to Saudi Pak Industrial and Agricultural Investment Company to set up its new “Saudi Pak Real Estate Development Company” to finance infrastructure projects and housing schemes in the country.

Sources told Dawn on Friday that the central bank was expected to formally inform the officials of Saudi Pak in a day or so about its decision regarding the establishment of a separate real estate unit.

The new company will also provide funding for the development of new tourist spots, shopping malls, hotels and office blocks. It will have a complete corporate and management structure for promoting long-term investment horizon in Pakistan for which a necessary regulatory approval by the Securities and Exchange Commission of Pakistan (SECP) is also being sought.

Necessary spadework relating to the setting up of the real estate development company has been completed, and according to the sources, as soon as the formal approval was granted, its activities will start in all the four provinces as well as in Azad Kashmir.

The board of the directors of Saudi Pak Investment Company, which is 50:50 joint venture of Saudi Arabia and Pakistan, has approved an initial capital of Rs500 million for the new company.

A decision has also been taken to set up a regional office of Saudi Pak Company in Riyadh to attract Saudi investment in Pakistan.

When contacted, Saudi Pak Investment Company Chief Executive Rashid Zahir confirmed that the central bank was about to formally send him a letter, granting permission for the setting up of new company.

“This will be a first ever organized company to cater to the huge requirements of housing, infrastructure, etc., in Pakistan,” he said, adding that the new company would offer substantial loaning to help meet housing and other related requirements.

He said the new real estate development company was being established in Pakistan on the pattern of Malaysia, China, Saudi Arabia and the UAE.

Asked whether he would seek more financial support from Saudi and Pakistani governments for new investment in the country, he said after an initial Rs1 billion funding — Rs500 million each by them — his company never sought finances from them.

He said that Saudi Pak approved net financing and investment of Rs7.119 billion in 2005. The amount is 40.1 per cent higher than Rs5 billion of 2004. This financing, he said, was extended to traditional sectors like textile, cement and sugar and also to upcoming sectors such as telecom, media, oil and gas and construction.


http://www.dawn.com/2006/02/19/ebr5.htm
swerveut no está en línea   Reply With Quote
Old February 19th, 2006, 09:20 AM   #411
merijanpakistan
We need Malcolm X
 
merijanpakistan's Avatar
 
Join Date: Apr 2005
Location: West Virginia, Mountain Mama!
Posts: 691
Likes (Received): 28

Salam,

I feel like Indians are trying hard to find a descent way of abandoning the project. I have almost never trusted their statements for publicity stunts, and i am feeling that they TOO are moving towards Turk-Afg-Pak pipeline!!

Again, this is a conclusion based on observation and personal opinion. I feel like IPI is a dead-end! And i feel that sooner we realize it, better it is for us.

Peace.
__________________
ISLAMIC DEMOCRACY OF PAKISTAN:

Zero Political Repression
Zero Social Discrimination
Zero Economic Exploitation
Zero Environmental Extortion
merijanpakistan no está en línea   Reply With Quote
Old February 19th, 2006, 09:35 AM   #412
merijanpakistan
We need Malcolm X
 
merijanpakistan's Avatar
 
Join Date: Apr 2005
Location: West Virginia, Mountain Mama!
Posts: 691
Likes (Received): 28

Salam,

Thats a pretty good news. I hope they come up with some fresh projects. Most projects are now kind'a getting monotonous....

Peace.
__________________
ISLAMIC DEMOCRACY OF PAKISTAN:

Zero Political Repression
Zero Social Discrimination
Zero Economic Exploitation
Zero Environmental Extortion
merijanpakistan no está en línea   Reply With Quote
Old February 19th, 2006, 05:16 PM   #413
cntower
Indus Priest King
 
cntower's Avatar
 
Join Date: Dec 2002
Location: Lahore
Posts: 6,723
Likes (Received): 9221

It seems like it now...
__________________
خرد کو غلامی سے آزاد کر ... جوانوں کو پیروں کا اُستاد کر
cntower no está en línea   Reply With Quote
Old February 20th, 2006, 11:08 AM   #414
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

Saudi Arabia likely to invest in water projects




By Khaleeq Kiani

ISLAMABAD, Feb 19: Saudi Arabia is likely to participate as financier and investor in Pakistan’s major water sector projects through its public and private sector, it is learnt.

The Saudi government and the Islamic Development Bank (IDB) have not yet made any commitment to the limit of funding or the number of investors taking part in the construction of big dams.

However, they have agreed to exchange follow up delegations with Pakistan to crystallise their investments and financing arrangements for the water sector projects, official sources told Dawn.

A delegation of Economic Affairs Division Secretary Khalid Saeed and water and power ministry’s adviser Riaz Ahmad Khan returned from Saudi Arabia on Friday after holding talks with senior Saudi and IDB officials.

The delegation remained in the Saudi Arabia for five days (Feb 12-17) and held discussions with the officials of the Saudi ministries of agriculture and water, industries and electricity, Islamic Development Bank, and some leading companies.

Official sources said the delegation presented to Saudi authorities projects, which are part of President Musharraf’s Water Vision 2016, envisaging construction of Kalabagh, Bhasha, Akhori and Munda dams.

These sources said the talks were of preliminary nature and no specific project or funding requirement was presented to the Saudi government or to the IDB.

They said Saudi Arabia could extend financial assistance for the projects and its private and public sector companies could take part in these projects as investors and contractors.

The sources said the issue had been discussed during the recent visit of King Abdullah bin Abdul Aziz, and Pakistan had sought financial support and investments for big dams like Basha, Kalabagh, and Akhori.

The Saudi King Abdullah had asked the Pakistan government to send a team to negotiate with Saudi Fund and Islamic Development Bank.

Meanwhile, these sources said, the inauguration of Bhasha dam had been delayed owing to logistic problems in the area. The president had announced in his last month televised speech to inaugurate the project in the first week of February.

These sources said there were no boarding and lodging facilities in Bhasha and the only road leading to Bhasha was in a poor shape. “The president can reach Bhasha through helicopter, but a lot of government officials and security apparatus has to reach there in advance and make necessary arrangement and there is no place for them to live there,” the sources said.

When contacted, a senior official of the water and power ministry said: “The new date for inauguration has not been communicated to us as yet.” He said it would depend on the availability of the president that would become clear after his visit to China.

http://www.dawn.com/2006/02/20/top12.htm
singaporean no está en línea   Reply With Quote
Old February 21st, 2006, 10:53 AM   #415
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

Livestock development project in Kasur

KASUR, Feb 20: The European Union Commission has launched a special project for development of livestock in the district.

This was stated by DCO Hashim Tareen during a meeting with an EU delegation at his office here on Monday.

With the collaboration of Punjab government, the EU commission has started this programme in six districts of Punjab. In Kasur, it is started in six union councils — Sadha, Dave Sial, Olakh Hathar, Bhadiakala, Sahjara and Sarhalee.

He said farmers and livestock department employees would be given professional training under the programme. A five-day camp for matriculates would be held to train them in vaccination and use of pesticides. Free poultry units would be given to deserving women, he added.

Later, the delegation announced provision of 120 motorcycles and two wagons to the department. —Correspondent

http://www.dawn.com/2006/02/21/nat33.htm
singaporean no está en línea   Reply With Quote
Old February 22nd, 2006, 11:39 AM   #416
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

Steel Mills sell-off on March 10




By Our Reporter

ISLAMABAD, Feb 21: Prime Minister Shaukat Aziz on Tuesday directed officials of the Privatization Commission (PC) to hold the bidding for disinvesting Pakistan Steel Mills Corporation (PSMC) on March 10.

Official sources said that the prime minister chaired a high-level meeting in which privatization of the steel mills was discussed with special reference to ending the ongoing tension in the employees over the issue.

Privatization and Investment Minister Dr Abdul Hafeez Shaikh would give up the cabinet post on March 11, 2006 and that was why a decision was taken to disinvest steel mills along with 4,500 acres of land on March 10.

The meeting was also attended by Pakistan Steel Mills Chairman Lt-Gen (retired) Abdul Qayyum and the secretary of the ministry of industries and production.

Dr Shaikh assured the meeting that bidding would take place on March 10 as all issues relating to the transaction had been discussed and sorted out.

The meeting reviewed the preparation of the steel mills deal and was told that all the five pre-qualified bidders were waiting to take part in the transaction which was delayed first on Dec 30, 2005 and later on Jan 31.

The Pakistan’s Steel Employees Action Committee had previously turned down various proposals of the PC to disinvest the organization. Most of the proposals were relating to the golden handshake scheme (GHS).

President Gen Pervez Musharraf had earlier directed the PC to expedite the disinvestment process as the issue was causing unrest among potential bidders as well as employees and officers of the organization.

He had asked the officials concerned to complete the transaction as was given to understand to the five pre-qualified bidders and the public at large.

http://www.dawn.com/2006/02/22/top10.htm
singaporean no está en línea   Reply With Quote
Old February 25th, 2006, 09:16 AM   #417
singaporean
Registered User
 
Join Date: Dec 2005
Posts: 2,270
Likes (Received): 182

Russian businessmen urged to invest in Pakistan
Saturday February 25, 2006 (0001 PST)

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged Russian businessmen to invest in Pakistan, as the history of Pak- Russia trade is not very old and the volume of trade between two both countries is also insignificant.
Vice president RCCI Syed Ali Raza Saeed Shah observed this while talking to Rishat Khalikov, Trade representative of the Russian Federation in Pakistan.

Rishat Khalikove called on RCCI executives in RCCI hereon Friday.

He noted that there was vast scope of trade and opportunities for Pak-Russia joint ventures in the areas of basic infrastructure facilities, oil and gas, power generation, construction, dams and ports.

This is a right time to expand trade and have industrial units in joint venture, Shah added.

He said that Pakistan has now become a heaven for investment, especially due to the liberalization of its economy, deregulation measures, improvement in macro-economic framework and continuity in policies.

"Pakistan Government offers a level playing field to all investors and welcomes foreign investments in various sectors, including Agriculture, Tourism, Telecom, Education, Oil and Gas, etc," he added.

He urged Russian businessmen to further enhance the business, trade, economic and cultural ties between Pakistan and Russia.

Assuring his full support to Russian businessmen, Shah said that RCCI not only played an effective role in local trade but it also welcomes interaction with foreign dignitaries with enthusiasm.

As a result of fruitful interaction with foreign delegations, RCCI has played a pivotal role in strengthening and enhancing Pakistan’s trade relations with the outer world, he said.

Speaking on the occasion, Rishat Khalikove said that Russian businessmen intended to introduce Shuttle bus service in twin cities for the better facilities of transport system.

He said the trade relations needed to promote and the two countries have much more potential.

He said the two countries had to create a situation and fruitful environment for the best way trade cooperation between two countries.

http://paktribune.com/news/index.php?id=135340
singaporean no está en línea   Reply With Quote
Old February 25th, 2006, 11:35 AM   #418
swerveut
quit wasting my time !!
 
swerveut's Avatar
 
Join Date: Jan 2005
Location: Perth, Karachi
Posts: 3,903
Likes (Received): 357

Pakistan attracting foreign investors


By Our Reporter

ISLAMABAD, Feb 24: Chairman Senate Muhammedmian Soomro has said that Pakistan has great potential of emerging as an economic hub in the region and is presently an attractive destination for the foreign investors.

Mr Soomro was talking to Mr Peter Grosch, president Diehl Group of Companies, Germany who called on him in the Parliament House on Friday. During the meeting they discussed matters of common interest.

Mr Peter informed the Senate chairman that Diehl Group was one of the five biggest groups of Germany and that it comprised of 42 companies which were operational all over the world. He said that main purpose of his visit was to explore possibility of cooperation and joint ventures with Pakistan firms. He apprised Mr Soomro about the future investment plans of his group.

Mr Soomro pointed out that Pakistan was blessed with central and strategic location and offered the shortest route to Central Asia, Western China and South Asia. Besides, it served as a corridor for the potential investors/businessmen.


http://www.dawn.com/2006/02/25/ebr6.htm
swerveut no está en línea   Reply With Quote
Old February 25th, 2006, 11:35 AM   #419
swerveut
quit wasting my time !!
 
swerveut's Avatar
 
Join Date: Jan 2005
Location: Perth, Karachi
Posts: 3,903
Likes (Received): 357

Foreign investment reaches $1.62bn



By Our Staff Reporter

KARACHI, Feb 24: Foreign private investment in Pakistan registered a sharp increase in the past seven months of the current fiscal year. It is mainly dominated by portfolio investment that jumped more than three times compared to the corresponding period last year.

Latest data provided by the State Bank reveals that the foreign investment registered a healthy growth of 168 per cent to $1.627 billion during the last seven months as against $606.9 million in the corresponding period last year. The portfolio investment rose by 334 per cent to $400.5 million as against $91.9 million in the same period last year.

This sudden rise in the portfolio investment has boosted the sentiment in the shares market and the KSE-100 index rose by around 30 per cent since July, while the calendar year 2005 witnessed an increase of 54 per cent.

The portfolio investment has mostly landed in oil and gas sectors which are the highest earning shares and their prices have gone beyond expectations.

The foreign direct investment also registered a huge growth of 138 per cent in the last seven months. The direct investment, other than portfolio investment, was $1.226 billion as compared to $515 million. The growth in direct investment would help the government achieve its economic targets.

However, most of the foreign direct investments are coming into oil and gas sectors. The power sector is another area where direct investment has increased. However, telecommunication also achieved highest growth among various sectors of the economy.

The high inflows of foreign investment would also help the government meet challenges of increasing current account deficit. The government was hopeful to receive up to $2 billion from the foreign investment by the end of the fiscal year in June 2006.

The United States was the biggest investor. It invested $298.2 million in the shares market while its direct investment reached $291 million during the past seven months.

Saudi Arabia stood second and brought $268.8 million as direct investment, while the United Kingdom invested $100 million. The United Arab Emirates invested $50 million as portfolio investment and Hong Kong invested $46 milling in the same sector.

Analysts said that foreign investments (direct and portfolio) were coming mostly into oil and gas sectors.

Rising international oil prices have increased earnings of the oil companies in Pakistan, while the government has increased well-head prices of gas and oil — the most lucrative business in Pakistan.

The newly-developed telecommunication sector was another area which attracted big investment. The market of telecommunication still has attraction for the investors.

http://www.dawn.com/2006/02/25/ebr13.htm
swerveut no está en línea   Reply With Quote
Old February 25th, 2006, 11:14 PM   #420
cntower
Indus Priest King
 
cntower's Avatar
 
Join Date: Dec 2002
Location: Lahore
Posts: 6,723
Likes (Received): 9221

Pakistan Likely to achieve $3b FDI target by March
Friday, February 24, 2006

By Arshad Hussain

KARACHI: The country is likely to achieve its $3 billion Foreign Direct Investment (FDI) target by March after settlement of the payment dispute with Etislat International against the sell-off of 26 percent share of the Pakistan Telecommunication Company (PTCL).

“The country has received a total foreign investment of $1.627 billion in the past seven month (July-January 2005-06),” the data on State Bank of Pakistan web site said here on Thursday.

The total foreign investment had jumped over 168 percent in first seven month of this year compared with $606.9 million in 2004-05, the data said.


The foreign portfolio investment in the local bourses rose to $400.5 million in July-January 2005-06 compared with only $92 million in the same period last year. An analyst claimed that the portfolio investment had touched $440 million till February 20, 2006.

“The country is receiving an average inflow of $40- $50 million a month,” said Mohammad Sohail, director equities at Jahangir Siddiqui & Co. “The inflows coming from the USA is also continuously soaring up.”

The president and the prime minister are optimistic that the overall FDI would touch $3 billion in current fiscal year.

According to the news coming from Islamabad, a delegation of Etisalat International has finalized the payment scheduled against the sell-off of PTCL and the Privatization Commission would received $1.4 billion in 2-3 weeks. The remaining amount would be received in installments.

During the first seven month of 2005-06, Pakistan had received total FDI of $1.226 billion, and $400 million as portfolio investment, the SBP data said.

The portfolio investment from the USA has gone up by 497.5 percent to $298.2 million in July-Jan this year compared with $50 million in the same period last year. Investors from the UK withdrew $0.3 million this year against $12.1 million in the same period last year. The investment went up from the UAE to $50.7 million this year against $23.7 million.

The investment in the local bourses went up from the USA, the UK, Switzerland and Hong Kong, whereas investors from Japan and other countries withdrew some of their capital from the local markets.

Direct investment of the USA in Pakistan has gone up by 125 percent to $291 million in the July-Jan this year against $129.2 million in the same period last year, whereas the same investment of the UAE went up to $43.2 million in first seven months from $26.8 million.

Direct investment of the UK, Saudi Arabia, the UAE, the USA, the Netherlands, South Korea, Singapore, China, Australia, Switzerland has surged in Pakistan, whereas investment from Hong Kong, Italy and Japan has declined. The country’s workers’ remittances registered an increase of $179 million or 7.89 percent in July-Jan 2005-06 to $2.446 billion against $2.267 billion in the same period last year.

Pakistan received an amount of $2,446.52 million as workers’ remittances during the first seven months of the current fiscal year (July 2005 – January, 2006) as against $2,267.52 million received in the corresponding period of the last fiscal year.

http://www.dailytimes.com.pk/default...4-2-2006_pg5_1
__________________
خرد کو غلامی سے آزاد کر ... جوانوں کو پیروں کا اُستاد کر
cntower no está en línea   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 11:21 AM. • styleid: 14


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu