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Old October 27th, 2008, 03:26 PM   #1201
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'Expo-Pakistan 2008' starts today

KARACHI (October 27 2008): The country's largest trade show, 'Expo-Pakistan 2008', which is expected to receive around 500 foreign visitors and expatriates amid an airtight security, is being held from October 27 to 30 at Karachi Expo-Centre. The Trade Development Authority of Pakistan (TDAP) is the official organiser of the show, which will be inaugurated by Federal Defence Minister Ahmed Mukhtar.

He will also hold a press conference. Although, there will be no seminars or workshops during the event, the participating companies will sign MoUs. Rafeo Shah, Director Expo-Pakistan, TDAP, told Business Recorder on Saturday that the government has done the spadework for watertight security for the event.

He said that assistance has been sought from police, rangers and Sindh home department to provide maximum security. "The government has taken maximum precautionary measures to ensure sound security to the participants of the show. "Participants are also visiting from Britain and the US," he added.

Asim Siddiqui, Chief Executive Officer of Pegasus Consultancy, event manager, said that intelligence and law enforcing agencies would be responsible for security. He said that about 500 visitors including European, South and North American, Middle and Far East have confirmed their participation.

"The major countries are UK, Spain, France, Japan, Arab countries, China, Brazil, Mexico, US, Bangladesh, Sri Lanka and Morocco are taking part besides the expatriates. Bangladesh will represent the largest delegation in the event," he said.

Over 400 exhibitors will displays their products including textile garments, sports, surgical instruments and food items, he said, adding that three foreign exhibitors - two from Sri Lanka and one from Poland--will also display products. Over 650 stalls are being set up, while many interested parties are on the waiting list.

TDAP has given maximum concessions on stall bookings to participants from far-flung and underdeveloped areas of the country including Azad Kashmir and interior parts of all provinces to increase the volume of country's exports.

Source: Business recorder
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Old October 29th, 2008, 01:55 AM   #1202
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Quote:
Originally Posted by siamu maharaj View Post
Would Pakistan allow Indian companies to come and open stuff here? I don't think so! At least not on a big level.
yea thats why mr. zadari has sold thar coal mines to mittal for pennies.
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Old October 29th, 2008, 07:21 AM   #1203
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When did that happen?
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Old October 29th, 2008, 09:06 AM   #1204
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Pakistan, China to jointly set up national electronics complex

BEIJING (APP) - Pakistan and China will jointly set up information and electronic complex covering civilian, information technology and defence electronic domains in Pakistan.

To be called National Electronic Complex of Pakistan (NECOP), it will be set up in cooperation with China’s CETC International.

The establishment of NECOP with the cooperation of China’s CETC International will help Pakistan achieving indigenous R&D and production capabilities after providing sophisticated training and technical assistance packages by fully utilizing local resources.

The NECOP will help enormously to enhance the overall research and development capabilities of Pakistan.

At the same time the complex will serve as the production and technical assistance centre of CETC in the South Asian Region which will greatly help the Chinese entrepreneur overseas marketing development efforts.

A Frame Work Agreement for setting up NECOP was signed by Pakistan’s Ambassador to China Masood Khan and President of CETC International Yan Lijin during President Asif Ali Zardari’s 4-day Oct 14-17 state visit to China.

President Zardari before start of his state visit to China presided over a high-level meeting in which he laid greater emphasis on the progress of this project and proposed to change the priorities of the project from defense-oriented to military-civilian project.

The successful singing of this agreement during President Zardari’s hallmark visit to China demonstrated good wishes for bilateral cooperation, strengthening the traditional friendship and also presenting a Science-Technology oriented image for the newly elected democratic government of Pakistan.

CECT is the largest state-owned enterprise, specialized in the field of defense electronics, information technology, public security, space, transportation, energy and education.

It has the distinction in the areas of total solution provider that is capable of offering various kinds of electronic products and systematic after-sales support service for the customers worldwide.
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Old October 29th, 2008, 11:35 AM   #1205
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That's awesome, I'd love to be involved in the defense electronics sector after I graduate.
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Old October 30th, 2008, 04:11 AM   #1206
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Temasek to invest up to $147m in NIB Bank

Thursday, October 30, 2008
KARACHI: Singapore’s sovereign wealth fund Temasek Holdings has agreed to a further investment of up to 12 billion rupees ($147 million) in Pakistan’s NIB Bank via a rights issue, NIB said.

Temasek, already NIB’s largest shareholder with 63.15 per cent, will participate in the bank’s 12 billion rupee rights issue and subscribe for shares not taken up by minority holders.

The rights issue will be offered to all existing shareholders at a ratio of 42.198 shares at par value, which is 10 rupees per share, for every 100 shares held as of Nov 19.

NIB shares last traded at 8.45 rupees each, giving it a market value of close to $300 million.

“The purpose of the rights issue is to bolster NIB’s capital to meet the opportunities and challenges that the board expects will be presented over the next few years,” NIB said in a statement. If Temasek takes up the entire rights issue, its stake in NIB will rise to about 75 per cent, according to Farhan Rizvi, analyst at JS Global Capital Ltd. According to NIB, with the rights issue, its paid-up capital will increase to over Rs40bn.
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Old October 31st, 2008, 12:50 AM   #1207
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UAE to Invest $40 Million in Pakistan

KARACHI — The UAE to invest $40 million in agriculture project in Balochistan, south-western province of Pakistan.

The agreement will enable UAE government and a private international farming company, Al Dahra to set up an agriculture-based industry covering 18,000 acres of land in Mirani Dam command area to cultivate wheat, cotton, pulse and other grains.

This was reached during a meeting held between the visiting seven-member UAE delegation and Balochistan Chief Minister, Nawab Raisani in Quetta on Saturday.

According to the agreement the construction work on the project starts early next year for which the government of Balochistan has appointed a high-level committee to speed up the process in consultation with the UAE authorities.

Earlier the delegation also met Sindh Chief Minister, Syed Qaim Ali Shah, and showed interest in investing in the province especially in agriculture sector.

The delegation is also expected to visit the North West Frontier Province to meet officials there to explore possbilities of investing in these other provinces of Pakistan.

Khaleej Times
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Old October 31st, 2008, 01:50 AM   #1208
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$50m worth of deals inked at Expo Pakistan

KARACHI: Chief Executive Officer of TDAP, Syed Muhibullah Shah Informed that export contracts worth US$ 50 million have been signed between Pakistani traders and foreign buyers during the four days of the Expo Pakistan while several memorandums of understanding promise another $100 million worth of businesses to enter the country in the following months.

During a press conference on Thursday at the Karachi Expo center, Shah further informed that a US$ 10 million contract had been signed by Korea with local counterparts for ethanol related products. He added that Argentina had also introduced a new surgical instrument for laparoscopy for which they had brought the patent to Pakistan.

“Since our surgical equipments are of the highest quality, the patent to manufacture these surgical instruments have been granted to Sialkot from where the finished goods would be exported back to Argentina” he stated.

Contracts and MoU’s have been signed for the follows products: handicrafts, leather products, tiles, surgical equipments and textile garments amongst others.

Shah expressed that on commercial terms, the event had been extremely successful and in fact demand had exceeded the space available and therefore a new exhibition hall is to be constructed before next years event.

He commented that the 6000sq meters space of the Karachi Expo Center’s six halls was proving to be insufficient for the events that are held there as demand from foreign visitors was increasing with time. He observed that despite warnings from travel advisories, foreign investors and buyers continued to visit Pakistan as there were ample trading opportunities in the country.

http://thenews.com.pk/daily_detail.asp?id=143993
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Old November 27th, 2008, 10:40 AM   #1209
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^My mum's comapny is a part of it too! =D
Anyways this news is exxagerated..
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Old November 27th, 2008, 06:56 PM   #1210
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Originally Posted by -SchizoPhrenic View Post
^My mum's comapny is a part of it too! =D
Anyways this news is exxagerated..
Which company?
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Old November 27th, 2008, 07:41 PM   #1211
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^Im not sure if its the same Expo lol..Anyways Creative Horizons
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Old December 9th, 2008, 05:39 AM   #1212
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Iran interested to establish shipping company in Pakistan

ISLAMABAD, Dec 4 (APP): The Iranian Ambassador Mashallah Shakiri here on Thursday said that Iran is interested in establishment of Pak-Iran Shipping Company in joint venture.

The Iranian ambassador here on Thursday called on the Federal Minister for industries and Production Mian Manzoor Ahmed Wattoo and discussed matters regarding promotion of business ties between the two countries.

Shakiri said that Iranian business community was interested in joint ventures with Pakistani counterparts on various fields including cement, steel, energy, food and agro-based industries.

He said exchanges of the views between the business communities of the two countries were essential for which business community was invited to visit Iran for further negotiations.

He said Iranian business delegation was also ready to visit Pakistan for promotion of trade and business activities.

He offered supply of the Crude oil to Pakistani refineries on soft terms as there was technically expertise in Pakistan.

Talking to the Ambassador, Mian Manzoor Ahmed Wattoo said Pakistan and Iran are friendly neighboring countries and these relations would be strengthened more in future.

He said Pakistan is hub of investment and there are various opportunities for the foreign investors in the industrial sector particularly in cement, energy, steel and engineering sector.


http://www.app.com.pk/en_/index.php?......8&Itemid=49
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Old December 13th, 2008, 12:11 PM   #1213
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Housing sector may see $2bn investment from ME
Quote:
Friday, December 12, 2008
By our correspondent

KARACHI: The construction and housing industry is likely to attract a fresh inflow of foreign investment amounting to around two billion dollars, developers said.

“Talks are underway with foreign investors for investing more than $2 billion in the housing and construction industry,” Chief Executive of Rufi group, Manzoor Ahmed Rufi said addressing a press briefing on Thursday.

In this regards the group has convinced the Maqaseeb Group of Saudi Arabia, Theses of Abu Dhabi Housing Authority and Bilvadi of Dubai to invest this amount in the next two years in projects such as shopping complexes, hotels and residential and trading projects in Karachi, Lahore and Islamabad.

Manzoor Rufi said that overseas Pakistanis are grieved on the present economic situation of Pakistan and therefore in the current scenario, Pakistan’s housing and construction sector can play an important role.

“All they need is the government’s support because with its help we can launch constructions projects similar to Dubai which will also help activate more than 72 industries and create hundreds of jobs,” he further commented.

Ramiz Rufi said soon an agreement between Hassham Abdul Ghania of Maqaseeb group, Saidul Moossa of Theses group and Anthon Sari of Bilvadi group Abu Dhabi, will be signed.
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Old December 16th, 2008, 01:26 PM   #1214
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P&G coming up with investment of $100 million

KARACHI: Proctor and Gamble (P&G) is coming up with an investment of about $100 million. An announcement to this effect was made in a statement issued here on Monday. It said that the P&G is establishing a large-scale state of the art manufacturing facility at Port Qasim bringing in FDI of approximately $100 million being the P&G’s largest fixed investment in Pakistan. The statement pointed out that the P&G is a leading consumer goods company based in Cincinnati Ohio with operations in over 90 countries. It said that in Pakistan P&G has grown to one of the leading consumer product companies marketing 12 quality brands. app

http://www.dailytimes.com.pk/default...12-2008_pg5_10
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Old December 21st, 2008, 01:56 AM   #1215
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Global recession is an opportunity to attract investment’

ISLAMABAD: The current global economic recession provides great opportunity to Pakistan for attracting investment as the country provides better chances of returns as compared to the Western and other countries of the world, Federal Minister for Investment Senator Waqar Ahmad Khan said.

"Due to financial recession, there is a negative trend in returns all over the world but very positive in Pakistan. This trend has enabled Pakistan to emerge as strong profit provider in terms of returns," the federal minister for investment said in a panel interview on Friday. Senator Waqar said that Pakistan provides 35 to 40 percent profit returns besides offering a conducive atmosphere to invest in various sectors of economy. He said that investors are in search of safe and profitable markets and are afraid to invest in the countries facing financial recession, however, Pakistan was not directly hit by the recession, hence offering a promising opportunity for them. Economic experts believe that although the increasing prices of oil and edible commodities at international market affected Pakistan negatively, however, it was not directly hit by the financial recession as the other countries experienced. However, the investment minister stressed the need for taking comprehensive strategic measures to exploit this opportunity for the betterment of the country's sustainable economy.

He said that government realised this favourable situation and was engaged in preparing strategies and policies to attract more and more investment. "The government has a vision to promote investment and that was why it has upgraded the Board of Investment into a full-fledged Ministry of Investment for facilitating and safeguarding investors' interests," he remarked.

He said that government would bring legislation through Parliament soon for the protection of investments for next 10 years and would ensure continuation of investment policies to build investors' confidence. In addition, a special task force, comprising officials from ministries of interior, defence, investment and finance, would be formed to protect investment and providing security to potential investors in the country. app

source: http://www.dailytimes.com.pk/default...-12-2008_pg5_8
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Old December 21st, 2008, 01:57 AM   #1216
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Chemical products plant opened

By Our Staff Reporter

KARACHI, Dec. 17: A BASF plant to manufacture chemicals for the construction industry was inaugurated on Wednesday at Landhi by German Consul General in Karachi Dr Christian Brecht.

Senior executives Dr Tilman Krauch, president, Regional Functions and Country Management, Mark Volmer Group vice-president responsible for BASF Construction Chemicals Asia Pacific and the managing director of Pakistan BASF Quazi Sajid were also present on the occasion.

“The plant will formulate a broad range of product systems,’’ Quazi Sajid informed the gathering of BASF products buyers and executives of his company. He said the products range from concrete admixtures to alkali-free accelerators for underground construction, waterproofing systems, precision grouting systems, concrete repair systems and protective flooring systems.

The BASF is involved in major construction projects, including the Lowari Tunnel project being taken up at a cost of Rs8 billion (79 million euros) that will facilitate all weather transportation from the mineral-rich Chitral to Peshawar and will reduce the 14-hour drive to almost half.

A new office is being commissioned on Thursday in Islamabad to service customers in the Northern region.

BASF is doing business in Pakistan for the last 40 years and offers as many as 800 chemical products to the textile and leather industry and other manufacturing sectors.

source: http://www.dawn.com/2008/12/18/ebr4.htm
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Old December 22nd, 2008, 11:20 AM   #1217
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Old December 24th, 2008, 08:26 AM   #1218
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BankIslami expands online branch network

KARACHI: BankIslami Pakistan Limited opened its 75th branch in Orangi Town Karachi and is all set to achieve its target to increase its branch network to 102 branches in 49 cities. According to a press release Monday, more than 40 percent of branch network caters to the unbanked rural areas where the demand for the Islamic Banking is phenomenal and relatively untapped. With a reputed Shariah board headed by Mufti Taqi Usmani, the bank provides comprehensive Shariah compliant product catering to the wide strata of the society. staff report

source: http://www.dailytimes.com.pk/default...12-2008_pg5_20
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Old December 24th, 2008, 08:26 AM   #1219
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ZTBL to launch 'Benazir Credit Card, Tractor Scheme' soon
TAHIR AMIN

ISLAMABAD ( 2008-12-23 04:19:25 ) :Zarai Taraqiati Bank Ltd President Muhammad Zaka Ashraf on Monday said that the bank would soon launch 'Benazir Zarai Credit Card' and 'Benazir Tractor Scheme' with Rs 72 billion to provide easy credit facility to farmers. President Asif Ali Zardari will inaugurate both the schemes in early January 2009 to facilitate the farmers' community.

He was speaking at the prayer ceremony held in connection with first death anniversary of Shaheed Mohtarma Benazir Bhutto at the ZTBL Head Office. He said that through these schemes farmers would be able to have easy access to credit through ATM cards. He said farmers would be facilitated through 'Benazir Credit Card' and an allocation of Rs 72 billion is being made to cater for farmers' immediate financial needs.

Similarly, he said 'Benazir Tractor Scheme' would ensure timely availability of tractors to farmers through credit facility on easy terms and conditions. He said the government with the financial assistance of ZTBL plans to provide free electricity to farmers. For this purpose, the government will use windmill and solar energy to provide free electricity for agriculture growth, he added.

To overcome water shortage and increase per acre yield, the government is planning to encourage drip and sprinkle irrigation with the help of ZTBL for which Rs 16 billion have been allocated, he added. He said ZTBL was following the policy of well being of rural folk and a number of schemes have been finalised to upgrade the agriculture sector.

He said that some proposals for providing microfinance to poor women are under consideration, under which women would be able to get loan on easy terms for running tailor shops and beauty parlours besides other sources of income. He said the farmers' community was hit hard in past and a group of vested interests had exploited the tractor needs of farmers. President Asif Ali Zardari has desired provision of easy loans to farmers for purchase of tractors, he added.

source: http://www.aaj.tv/news/Business/124929_detail.html
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Old December 25th, 2008, 08:14 PM   #1220
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Quote:
Originally Posted by RANA AAA View Post
ZTBL to launch 'Benazir Credit Card, Tractor Scheme' soon
TAHIR AMIN

ISLAMABAD ( 2008-12-23 04:19:25 ) :Zarai Taraqiati Bank Ltd President Muhammad Zaka Ashraf on Monday said that the bank would soon launch 'Benazir Zarai Credit Card' and 'Benazir Tractor Scheme' with Rs 72 billion to provide easy credit facility to farmers. President Asif Ali Zardari will inaugurate both the schemes in early January 2009 to facilitate the farmers' community.

He was speaking at the prayer ceremony held in connection with first death anniversary of Shaheed Mohtarma Benazir Bhutto at the ZTBL Head Office. He said that through these schemes farmers would be able to have easy access to credit through ATM cards. He said farmers would be facilitated through 'Benazir Credit Card' and an allocation of Rs 72 billion is being made to cater for farmers' immediate financial needs.

Similarly, he said 'Benazir Tractor Scheme' would ensure timely availability of tractors to farmers through credit facility on easy terms and conditions. He said the government with the financial assistance of ZTBL plans to provide free electricity to farmers. For this purpose, the government will use windmill and solar energy to provide free electricity for agriculture growth, he added.

To overcome water shortage and increase per acre yield, the government is planning to encourage drip and sprinkle irrigation with the help of ZTBL for which Rs 16 billion have been allocated, he added. He said ZTBL was following the policy of well being of rural folk and a number of schemes have been finalised to upgrade the agriculture sector.

He said that some proposals for providing microfinance to poor women are under consideration, under which women would be able to get loan on easy terms for running tailor shops and beauty parlours besides other sources of income. He said the farmers' community was hit hard in past and a group of vested interests had exploited the tractor needs of farmers. President Asif Ali Zardari has desired provision of easy loans to farmers for purchase of tractors, he added.

source: http://www.aaj.tv/news/Business/124929_detail.html
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