daily menu » rate the banner | guess the city | one on oneforums map | privacy policy (aug.2, 2013) | DMCA policy | flipboard magazine
Old June 30th, 2010, 07:23 PM   #1361
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152

Cabinet approves 12 bilateral cooperation agreements

The Federal Cabinet on Wednesday approved 12 proposals made by different ministries regarding bilateral cooperation with a number of countries in diverse fields.The cabinet chaired by Prime Minister Syed Yusuf Raza Gilani here at the PM Secretariat approved start of negotiations between Pakistan and Nigeria in trade and investment; negotiations between Pakistan and Syria on trade, economic and technical cooperation; negotiations regarding memorandum of understanding (MoU) between Pakistan and Libya for closer cooperation between Trade Development Authority of Pakistan (TDAP) and Trade Promotion Centre of Libya.
Reviewing the status of implementation of Cabinet’s decisions, the Prime Minister took note of the red-tapism and directed the Ministry of Local Government & Rural Development to expedite the survey, data collection, records and preparation of plans for regularization of Katchi Abadies in the country.
The Cabinet approved the Private Power and Infrastructure Board Bill, 2010 and directed the Ministry of Water & Power to include the Secretary, Ministry of Environment and Additional Secretary Federally Administred Tribal Areas (FATA) Secretariat in the Board.
The Cabinet approved ratification of agreements between Pakistan and Ukraine on trade and economic cooperation and the Air Services Agreement between Pakistan and Slovak Republic.
It also accorded approval in principle for MoU on the establishment of an Asian Food and Agriculture Cooperation Initiative and MoU on cooperation in the field of sanitary and phytosanitary issues related to bilateral trade between Pakistan and Argentina.
The Cabinet approved initiation of negotiations on agreement on promotion and protection of investment between Pakistan and Vietnam and Mexico.
The Cabinet also accorded permission to start negotiations with Syria for entering into an agreement in the field of labour and housing.
The Federal Cabinet approved signing of an agreement for cooperation between Pakistan and Tajikistan in the field of sports and ratification of the Revised Charter of the Organization of the Islamic Conference (OIC).
The Cabinet also approved draft Biological & Toxin Weapon Convention Bill, 2010. The Cabinet approved in principle Draft Bill for the establishment of Capital University of Science and Technology at Islamabad subject to concurrence of the Ministry of Law & Justice.
It also approved Draft Pakistan Coinage Bill, 2010.
The Cabinet was informed that since March 31, 2008, 60 meetings of the present Cabinet have been held.
Ahmad Rashid Ahmad no está en línea   Reply With Quote
Old July 6th, 2010, 07:46 AM   #1362
Rkhan
Registered User
 
Join Date: Jun 2005
Posts: 704
Likes (Received): 1636

This will surely piss everyone off. All the good work that Musharraf's government put in is now going down the drain.

Boeing puts investment in Pakistan on hold

By AZHAR MASOOD | ARAB NEWS
Published: Jul 4, 2010 23:03 Updated: Jul 4, 2010 23:03

ISLAMABAD: The Boeing Company, which was to invest over $5 billion in Pakistan in avionics, has put on hold its investment due to what it said unfavorable policies of the present government.

An official concerned with the project said, "We have not scrapped the project completely but are waiting for a congenial investment environment to launch it."

Boeing was planning to set up a plant in Attock, Punjab, to manufacture spare parts for civil as well as military aircraft.

The official told Arab News Boeing Company had acquired over 5,000 acres of land in Attock for the plant. "The decision to go ahead with the project or scrap it rests with the authorities in Seattle," said the official.

In 2006, Boeing had signed agreements with the government of Pakistan to set up the project.

http://arabnews.com/saudiarabia/article78632.ece
Rkhan no está en línea   Reply With Quote
Old July 6th, 2010, 10:06 AM   #1363
brightside.
Honorary Scouser
 
brightside.'s Avatar
 
Join Date: Jan 2008
Posts: 12,110
Likes (Received): 8132

Damn, that is a big blow.
__________________
Bahria Icon Tower[PK] Motorways & Highways
brightside. no está en línea   Reply With Quote
Old July 6th, 2010, 12:13 PM   #1364
fadi rulzzzz
Registered User
 
fadi rulzzzz's Avatar
 
Join Date: Mar 2009
Location: karachi/Dubai
Posts: 208
Likes (Received): 49

This Crazy Politicians are in hurry to ruin this country

"Jamohriat Behtarren Inteqam Hai or Democracy is the best revenge"
__________________
long live pakistan
fadi rulzzzz no está en línea   Reply With Quote
Old July 6th, 2010, 02:14 PM   #1365
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,819
Likes (Received): 6785

Quote:
Originally Posted by fadi rulzzzz View Post
This Crazy Politicians are in hurry to ruin this country

"Jamohriat Behtarren Inteqam Hai or Democracy is the best revenge"
That's quite true...indeed "jamhooriyat behtareen inteqaam hai (Qaum se)"

Btw, $5b seems a lot...or is it a desi journo at work? And why would Boeing was to build it so much inland? unless these are smaller parts and to be transported by cargo planes.
KB no está en línea   Reply With Quote
Old July 7th, 2010, 04:51 AM   #1366
Rkhan
Registered User
 
Join Date: Jun 2005
Posts: 704
Likes (Received): 1636

Quote:
Originally Posted by KB View Post
That's quite true...indeed "jamhooriyat behtareen inteqaam hai (Qaum se)"

Btw, $5b seems a lot...or is it a desi journo at work? And why would Boeing was to build it so much inland? unless these are smaller parts and to be transported by cargo planes.
Naw man. I remember reading about this back in the days VERY clearly. That is why i was shocked and pissed to read this report.

I've tried to search through google for any proof from back in 2005 or 2006. There are few but are posted on some forums. This is the only one that kind of confirms their initial talks with the then government...

http://www.dailytimes.com.pk/default...5-7-2005_pg5_2
Rkhan no está en línea   Reply With Quote
Old July 7th, 2010, 09:16 PM   #1367
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152

Pakistan, China ink six agreements

Pakistan and China on Wednesday inked two agreements and four memoranda of understanding (MoUs) to increase cooperation in agriculture, health, economy, legal assitance and media, following talks between President Asif Ali Zardari and his Chinese counterpart Hu Jintao. China announced a grant of 50 million Yuan to Pakistan for new development projects in the country.



The two leaders witnessed the signing ceremony at the Great Hall after their exclusive and delegation level talks. In a brief interaction with media President Hu Jintao expressed gratitude to President Zardari for dispatching relief goods for earthquake victims in China.
President Zardari said his visit to China was just like coming home and hoped the young generation would futher strengthen the strong historic ties between the two countries.
The two leaders discussed ways to boost Pak-China bilateral relations in all spheres, besides regional and international situation.
The President was accompanied by his daughters Bakhtawar Bhutto Zardari and Aseefa Bhutto Zardari. Members of his entourage included Defence Minister Chaudhry Ahmad Mukhtar, Petroleum Minister Naveed Qamar, Minister of State for Water Resources Kamal Majidullah, Minister of State for Finance and Economic Affairs Hina Rabbani Khar, Foreign Secretary Salman Bashir, Secretary General to President Salman Farooqui, Ambassador at large Khalil Ahmad Khan, WAPDA Chairman Shakil Durrani, NHA Chairman Chaudhry Altaf Ahmad, Additional Secretary Foreign Office Khalid Masood and Spokesperson to President Farhatullah Babar.
Ahmad Rashid Ahmad no está en línea   Reply With Quote
Old July 8th, 2010, 04:17 AM   #1368
Rkhan
Registered User
 
Join Date: Jun 2005
Posts: 704
Likes (Received): 1636

Quote:
Originally Posted by Ahmad Rashid Ahmad View Post
Pakistan and China on Wednesday inked two agreements and four memoranda of understanding (MoUs) to increase cooperation in agriculture, health, economy, legal assitance and media, following talks between President Asif Ali Zardari and his Chinese counterpart Hu Jintao. China announced a grant of 50 million Yuan to Pakistan for new development projects in the country.



The two leaders witnessed the signing ceremony at the Great Hall after their exclusive and delegation level talks. In a brief interaction with media President Hu Jintao expressed gratitude to President Zardari for dispatching relief goods for earthquake victims in China.
President Zardari said his visit to China was just like coming home and hoped the young generation would futher strengthen the strong historic ties between the two countries.
The two leaders discussed ways to boost Pak-China bilateral relations in all spheres, besides regional and international situation.
The President was accompanied by his daughters Bakhtawar Bhutto Zardari and Aseefa Bhutto Zardari. Members of his entourage included Defence Minister Chaudhry Ahmad Mukhtar, Petroleum Minister Naveed Qamar, Minister of State for Water Resources Kamal Majidullah, Minister of State for Finance and Economic Affairs Hina Rabbani Khar, Foreign Secretary Salman Bashir, Secretary General to President Salman Farooqui, Ambassador at large Khalil Ahmad Khan, WAPDA Chairman Shakil Durrani, NHA Chairman Chaudhry Altaf Ahmad, Additional Secretary Foreign Office Khalid Masood and Spokesperson to President Farhatullah Babar.
Wtf were his daughters doing on the trip? Its an official visit. Touring China on a state visit. Seriously dude, these people have no sense of ethical behavior.
Rkhan no está en línea   Reply With Quote
Old July 8th, 2010, 07:43 PM   #1369
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152

Quote:
Originally Posted by Rkhan View Post
Wtf were his daughters doing on the trip? Its an official visit. Touring China on a state visit. Seriously dude, these people have no sense of ethical behavior.
Me thinking the same....

Moft-Khor
Ahmad Rashid Ahmad no está en línea   Reply With Quote
Old July 16th, 2010, 05:13 PM   #1370
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,819
Likes (Received): 6785

Barricks, Tethyan to invest $3.2bn in copper, gold project

By Sajid Chaudhry

ISLAMABAD: Pakistan’s potential copper and gold deposit Reko Diq (Balochistan) has been able to attract a fresh investment to the tune of $3.2 billion by a joint venture comprising the world’s largest mining company Barricks Gold Corporation of Canada and Chillian Tethyan Copper Company.

Federal Secretary Finance Salman Siddique hosted a reception in honour of the President and Chief Executive of Barricks Gold Corporation of Canada, Aaron Regent which was attended by Federal Minister for Finance Dr Hafeez Shaikh, diplomats and senior government officials.

President and CEO of Barricks Gold Corporation of Canada, Aaron Regent speaking on the occasion said that the joint venture to develop the Riko Diq into a world class mine with transfer of technology and human resource development for the benefit of the province as well as for the economy of Pakistan.

He informed that development of Reko Diq would create around 11,000 job opportunities and the project operations would provide jobs to some 25, 000 to mainly locals as well as technical human resource. He hoped that efforts of all the stakeholders would enable the project to be a success and this would contribute in the economy. He showed full confidence in the economy of Pakistan and said that success of this project would pave the way for more investment in mining sector of the country.

The details obtained from the officials of the company, the companies managing the Reko Diq project have so far invested $200 million on feasibility and other allied works and upon successful completion of the study both the companies have decided to make an invest of $3.2 billion in mining of copper and gold in Reko Diq.

According to the results of the feasibility study, the mineral resource at Reko Diq is estimated at 5.9 billion tonnes. From this resource, an estimated 2.2 billion tonnes of economically mineable ore, with an average copper grade of 0.5 percent and an average gold grade of 0.3 g tonne will be processed to produce 22 billion pounds of copper (10.000.000 tonnes) and 13 million ounces of gold in the form of payable metal in about 56 years of mine life.

According to the details, initial mine capital investment is estimated at $2 to $2.5 billion for development of state-of-the-art copper and gold mine facility and in second investment will add another $2.5 billion. For the development of supporting infrastructure would require an investment of $500 million in Balochistan. The life of the mine is estimated at 50 years to 70 years. The local procurement of goods and services of the project has been estimated at $300 million to $400 million annually. The investors are considering using renewable energy opportunities like wind farms, geothermal and bio-fuels for their operations in Reko Diq. The project would benefit Balochistan in the form of substantial profits, royalties and lease payments. Talking to media on the occasion Federal Minister for Finance said that such a huge investment in Pakistan’s mining sector shows the interest of the world-class investors in Pakistan. He said that the government of Pakistan would provide maximum cooperation to the investors to make this project a success.

Secretary Finance Salman Siddique expressed hope that the entry of the world’s largest mining company in Pakistan’s mining sector would help Pakistan attract more investment, transfer of technology and human resource development within the country. He also extended full assurance of cooperation to the investors for their success in Reko Diq Project. Federal Secretary Petroleum Kamran Lashari informed the reporters on the occasion that with the approval of the 18th amendment in the parliament, the role and scope of the federating units in mining sector have been determined once and for all. After this big achievement the Ministry of Petroleum would again start consultation process with all stakeholders including provinces on finalisation of National Mineral Policy.

Source - Daily Times
KB no está en línea   Reply With Quote
Old July 17th, 2010, 05:58 PM   #1371
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,819
Likes (Received): 6785

Pakistan Oil & Gas to Spend $1 Billion on Exploration

July 13 (Bloomberg) -- Oil & Gas Development Co., Pakistan’s biggest fuels explorer, plans to spend $1 billion this year to drill 48 new wells and increase production, to help bridge the nation’s record energy deficit.

“We are following a very aggressive exploration policy,” Chief Executive Shah Mehboob Alam said in an interview at his office in Islamabad today. “We are targeting a number of discoveries.”

Improved domestic energy supplies may help Pakistan’s economy which has been hurt by terrorism and falling foreign investment. Demand for energy is three times supply and daily power outages have forced textile and engineering factories to close and caused riots across the country.

“There is a huge need and also huge potential to increase production by explorers,” said Umer Ayaz, a research analyst at JS Global Capital Ltd. in Karachi. “Pakistan has unusual risks in exploration and also unusually high potential.”

Shares of Oil & Gas Development rose 2.8 percent to 149.56 rupees at the 3:30 p.m. local time close on the Karachi Stock Exchange, the highest since Oct. 30, 2006. The stock has gained 35 percent this year compared with an 8 percent increase in the benchmark index.

Pipeline Attacks

Oil & Gas plans to expand exploration in the western province of Baluchistan, where attacks on pipelines and installations have disrupted gas supplies, Alam said. The province is estimated to hold more than half the country’s gas reserves.

The company expects the Zin Block in Baluchistan to generate its first gas flows within two years. The block has estimated gas reserves of 10 trillion cubic feet and drilling is scheduled to start as soon as the government approves security plans within the next two weeks, he said.

“We drilled only five out a planned 15 wells in Baluchistan last year because of security issues,” he said. “Now, we have submitted a plan to the Finance Ministry under which the Frontier Corp. will raise a special force of 500 to 600 people.”

Baluch nationalists want political autonomy and a share of the resources in the province, where the country’s largest gas fields, including Sui, are located. The Frontier Corp. is part of Pakistan’s paramilitary force.

The company is also working in fields in western Baluchistan, including the Samandar field, west of Karachi, and Shahana, which is near the border with Iran, Alam said.

Fresh Bids

Oil & Gas will invite bids by tomorrow for the development of Kunar Pasakhi Deep and Tando Allah Yar fields in the southern province of Sindh, Alam said. Previously awarded tenders had been canceled after being challenged in court for not complying with regulatory procedures.

The two fields may produce 280 million cubic feet of gas a day, 360 metric tons of liquefied petroleum gas a day and 4,300 barrels of oil a day, Alam said.

A “sizeable” discovery in the northwest will be announced in “a couple of days,” Alam said, without giving details.

The company drilled 26 wells and made six discoveries in the year ended June 30, including at Nashpa in the northwest, which is producing 15 million cubic feet a day of gas and 4,700 barrels of oil a day, he said. Oil & Gas Development discovers fuel in one out of every 2.3 wells drilled, compared with an industry average of one in every 3.8, he said.

New Compressors

Oil & Gas Development will increase production after installing new compressors to plug leaks at the Qadirpur gas field by September, Alam said. The company plans to buy two new rigs this year.

The Qadirpur field in the southern province of Sindh contributes about 40 percent of the company’s total gas output.

Oil & Gas Development produces about 1 billion cubic feet of gas a day, or a quarter of the country’s total output. Its oil production is 60 percent of the nation’s total of 62,000 barrels a day. Pakistan imports 85 percent of its oil needs.

The company’s profit in the 12 months ended June 30, will be “higher than last year,” Alam said, without giving details. Oil & Gas reported a net profit of 55.5 billion rupees ($647 million) in the year ended June 30, 2009, according to data compiled by Bloomberg.

--Editors: Naween A. Mangi, John Chacko

To contact the reporters on this story: Khaleeq Ahmed in Islamabad at [email protected]berg.net; Farhan Sharif in Karachi at [email protected].

http://www.businessweek.com/news/201...ploration.html
KB no está en línea   Reply With Quote
Old July 17th, 2010, 06:27 PM   #1372
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152



OGDCL discovers gas in Kohat

Reserves of high quality natural gas have been discovered by the Oil and Gas Development Company Limited (OGDCL) in the Kohat District of Khyber-Pakhtunkhwa. The methane content of the gas is estimated to be around 96 per cent.

“Significant reserves of gas have been found at Sheikhan Well # 01,” declared a letter of disclosure sent to the Karachi Stock Exchange (KSE) by Eram Ali Aziz, the company secretary.

The exact size of reserves that may be obtained from this discovery is not known. However, the notification disclosed that 15MFCD gas is flowing at a pressure of 2,500 psi from the well currently.

The well is jointly operated by OGDCL along with 3 other companies. Tullow Pakistan holds 40 per cent ownership of the venture while Mari Gas and Saif Energy hold 20 per cent and 10 per cent respectively. OGDCL owns a stake of 30 per cent.

Analysts commented that gains to company earnings from the discovery could materialize within the next two years. “Based on preliminary numbers, we estimate a positive impact of Rs0.03 on earnings per share,” said Hammad Aslam, a research analyst at BMA Capital.
Ahmad Rashid Ahmad no está en línea   Reply With Quote
Old July 21st, 2010, 10:57 AM   #1373
nahiaali33
Registered User
 
Join Date: Jul 2010
Posts: 2
Likes (Received): 0

Physic, chemistry etc Subjects Lecturer and Civil Engineer required in Cadet College Petaro any body interesting for joining ?
nahiaali33 no está en línea   Reply With Quote
Old July 21st, 2010, 04:16 PM   #1374
mtr
Registered User
 
Join Date: Sep 2009
Posts: 13
Likes (Received): 7

Tuwairqi Steel to start production by Q4
Dubai: Tue, 20 Jul 2010



Saudi-owned Tuwairqi Steel Mills Limited (TSML) aims to start production by the beginning of the fourth quarter and grow to eventually become Pakistan's largest steel producer, a TSML executive said on Tuesday.

In its first phase, TSML's Karachi-based plant is targeted to have a production capacity of 1.28 million tonnes per year of direct reduced iron, which is used to make steel, Zaigham Rizvi, TSML director of projects, told Reuters in a telephone interview.

'The construction of the plant took about three years and there was a nine-month delay due to finalizing procedures, but now construction is 95 per cent complete and we are ready to start production in Q4,' said Rizvi, adding that full capacity would be reached within a year's time.

State-owned Pakistan Steel is currently the largest operating steel mill in the country with a capacity of 1.1 million tonnes per year.

'We will be overtaking the title of the largest producer once we are operating at full capacity, but there is still so much room for growth in the market,' said Rizvi.

TSML is fully owned by Saudi-based Tuwairqi Holding, which also owns one of the largest private sector steel mills in the kingdom.

The first phase of TSML cost $275 million and was fully financed by Tuwairqi Holding, including 65 per cent through debt.

'In the second phase of the project we plan to produce finished products such as slabs and billets, and this will be completed by 2012 and will cost around $275 million,' Rizvi said.

The firm is also looking at opportunities for iron ore exploration in Pakistan's Baluchistan and Punjab provinces, he added. 'But for now we will be buying the ore from Bahrain.'

Pakistan's annual demand for steel is around 8.4 million tonnes, while production is 4.9 million tonnes per year, said Rizvi.

'TSML will be playing a pivotal role in bridging the gap between the demand and supply of steel in Pakistan, but we still plan to export 50 percent of our production to India and the Middle East,' he added.-Reuters
mtr no está en línea   Reply With Quote
Old July 23rd, 2010, 06:40 PM   #1375
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152

S Korea keen to invest in Pakistan

Pakistan's Ambassador-designate to South Korea Shaukat Ali Mukadam has expressed the optimism that the volume of trade between Pakistan and South Korea is bound to increase as Korean businessmen have shown their interest in making investment in Pakistan.

The Ambassador was speaking at Lahore Chamber of Commerce and Industry on Thursday. LCCI Acting President Ijaz A Mumtaz, former President Mian Muzaffar Ali, former Vice Presidents Aftab Ahmad Vohra and Sheikh Mohammad Arshad also spoke on the occasion. The Ambassador urged the Pakistani businessmen to concentrate on value addition as South Korea has huge potential for quality products. The diplomat while identifying a number of areas for mutual cooperation said that there is a need for the technology transfer as both the countries have a lot to learn from each other. He said that there is a big potential in the fruit business therefore Pakistani business community should avail opportunities in this sector.

He said that the Koreans had learnt a lot from Pakistan in 60s and today the secret behind their progress and prosperity was the implementation of policies. He urged the LCCI to arrange a sector-specific delegation to South Korea so that Pakistani businessmen could have first hand knowledge about opportunities there. He said that Pakistan embassy would extend maximum cooperation to all business delegations.Speaking on the occasion, the LCCI Acting President Ijaz A Mumtaz said that to create a win-win situation for both the countries, Koreans need to increase their imports of cotton, raw hides & skins, fish, medical apparatus, toys & games, leather products, articles of apparels and textile articles from Pakistan. Most of the Korean demand for these commodities is being met by Korea from sources other than Pakistan and only a small fragment is being imported from Pakistan. A little attention by the Korean Government and businessmen can increase Pakistan's exports to Korea considerably.

Traders representation in parliament help to save economy: Islamabad Chamber of Commerce & Industry (ICCI) held a grand reception to pay tribute to one of the great business leaders of Pakistan. Tariq Sayeed, Vice President, Confederation of Asia-Pacific Chambers of Commerce & Industry and former President, SAARC Chamber of Commerce & Industry.Anis-ul-Haq, President, SAARC Chamber of Commerce & Industry, Sultan Ahmed Chawla, President, Federation of Pakistan Chambers of Commerce & Industry, Iftikhar Ali Malik, Vice President, SAARC Chamber of Commerce & Industry and many other prominent business leaders of the country attended the reception. Speaking on the occasion, Tariq Sayeed said that our country.
Ahmad Rashid Ahmad no está en línea   Reply With Quote
Old July 30th, 2010, 10:23 PM   #1376
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152

‘Swiss have invested over $1.2bn in Pakistan’

Switzerland currently ranks fifth in terms of Foreign Direct Investment (FDI) in Pakistan, as Swiss-based multinational companies have invested over $1.2 billion during the past seven years, said Swiss Consul-General in Karachi Martin Bienz.

The diplomat was speaking to media personnel on Thursday at a reception organised on the occasion of the Swiss National Day.

Bienz said that Swiss companies are generally satisfied with course of business, and maintain an optimistic outlook despite certain concerns regarding the ongoing shortage of energy and the security situation.

He said bilateral trade has shown consistent growth over several years, and is now picking up further in the aftermath of global recession.

Trade volume is expected to exceed 400 million Swiss Francs this year, he explained, adding that Swiss exports to Pakistan are driven by high demand of pharmaceutical products and raw material whereas textiles, garments continue to be principal Pakistani export items to Switzerland.

He said Pakistan is still facing many challenges and hoped peace and normality will prevail soon throughout the country.
Ahmad Rashid Ahmad no está en línea   Reply With Quote
Old August 1st, 2010, 01:16 PM   #1377
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152

Larkana industrial estate

Summary sent to chief minister for allotment of land

A summary for allotment of land for establishing the proposed “Larkana Industrial Estate” has been sent to the Sindh chief minister for approval.

According to official sources and documents obtained by The News, the PC-1 for the development of the estate infrastructure amounting Rs2,404 million had also been sent to the Planning and Development Department for approval. An approval to this effect was likely to be given shortly and the work will be started very soon, the official sources said.

According to the sources, the proposed estate is likely to accommodate around 300 small and medium industrial units, generating job opportunities for thousands of people.

Around 500 acres of forest land located on Moenjo Daro Airport Road at a distance of 15 kilometres from the Larkana city have been identified for the purpose.

President Asif Ali Zardari, while chairing a meeting on June 22 at Naudero about the establishment of the industrial estate at Larkana, had ordered the Board of Revenue and the Forest Department to ensure transfer of the title of the land in the name of the “Larkana Industrial Estate” without further delay.

It was also directed that in order to attract investors, possible incentives and subsidies for them on gas and electricity should be explored. The president also desired that the scheme should be approved from the competent forum immediately and the work on the site should be started within one month, the official sources said.

Sindh Chief Secretary Fazalur Rehman had also been directed to call a meeting to resolve all the pending issues regarding the project on a priority basis.

“The land utilized for the purpose should serve as equity and the Sindh government should work as a partner. Later on after development of the site and establishment of industries, the government may transfer its share to the workers,” the documents said.

The president in the meeting had also directed the Forest Department to plant around 0.1million Neem trees in Larkana.

The ground breaking ceremony of the “Larkana Industrial Estate” was held by the president in December, 2009.
Ahmad Rashid Ahmad no está en línea   Reply With Quote
Old October 1st, 2010, 09:02 AM   #1378
brightside.
Honorary Scouser
 
brightside.'s Avatar
 
Join Date: Jan 2008
Posts: 12,110
Likes (Received): 8132

Quote:
Pakistan, US sign $831 million partnership agreement

RECORDER REPORT

ISLAMABAD (October 01 2010): United States and Pakistan on Thursday signed a five-year partnership agreement under which $831 million will be utilised on various programmes in key sectors. While addressing the signing ceremony, Ambassador Robin L Raphel, US Co-ordinator for Economic and Development Assistance said that the agreement was an important element in the implementation of the Kerry-Lugar-Berman Bill.

The allocation of $831 million is part of the more than $1 billion in development assistance funds which United States will provide to US Agency for International Development (USAID) programmes in Pakistan this year. "We will implement our assistance in the most open, transparent and accountable manner, so that the people of Pakistan and of the United States know where the money is going," said Raphel adding, "the funds will be used for programmes in key sectors including health, education, agriculture and energy.

Raphel said USAID had already provided $224 million under Kerry-Lugar-Berman funds for priority projects in Pakistan. "The amount of $204 million will be disbursed in couple of days." The Ambassador further said that US will disburse $1.5 billion through US agencies this year. Speaking on the occasion, Secretary Economic Affairs Division (EAD) Sibtain Fazal Halim said that Pakistan had well-established mechanism for utilisation of funds.

"We have double checks - pre audit and post audit to ensure transparency in usage of funds," he added. Halim maintained that 50 percent of the pledged strategic assistance will be utilised through government channels which will be spent on federal and provincial projects.

Meanwhile, according to statement issued by US embassy, the Governments of the United States and Pakistan signed a five-year Partnership Agreement to: (i) improve the Government of Pakistan's capacity to the address the country's most critical infrastructure needs;(ii) help the government of Pakistan address basic needs and provide improved economic opportunities in areas vulnerable to extremism; and (iii) strengthen Pakistan's capacity to pursue economic and political reforms that reinforce stability.

The total amount of $831 million for this agreement is divided as follows: Social Sector Health $130,425,000; Education $179,454,711; Economic Growth, Economic Opportunity $144,000,762; Agriculture $56,493,820; Energy $44,825,000; Stabilisation and Humanitarian Assistance FATA $111,264,712; and KPK $65,957,156.
Copyright Business Recorder, 2010
__________________
Bahria Icon Tower[PK] Motorways & Highways
brightside. no está en línea   Reply With Quote
Old October 4th, 2010, 11:56 AM   #1379
Nouman_26
Registered User
 
Nouman_26's Avatar
 
Join Date: Oct 2008
Location: Rawalpindi
Posts: 1,071
Likes (Received): 1450

China may buy Pakistani bank

China may buy out a Pakistani bank, as the State Bank of Pakistan (SBP) has been directed by the President to remain in touch with Chinese central bank to finalise a feasible proposal, sources told Business Recorder here on Sunday. President Asif Ali Zardari, who visited China a couple of months ago, chaired a meeting in the third week of September as follow-up on his visit.

China has broad interests in Pakistan, and its experts are working on a number of mega projects in different sectors worth billions of dollars. "Chinese officials will remain in touch with the SBP which will finalise a mechanism as well as provide advice to the Chinese side to buy an existing Pakistani bank which would be relatively easier and more convenient than establishing a brand new one," sources said.

Earlier reports suggested that the Industrial and Commercial Bank of China (ICBC), the world's second largest bank, was looking to start operation in Pakistan.

ICBC was exploring the possibility of establishing its presence in Pakistan to provide financial support to Chinese companies investing in Pakistan.

The National Bank of Pakistan (NBP) and the ICBC had agreed to cooperate in the banking and financial sectors in both countries. A declaration calling for exploring the possibilities for mutual co-operation between the two entities had been signed in 2007. The ICBC intends to explore the possibility of establishing its branches and acquiring Pakistani banks to provide financial services.

In 2008, China's investment companies and industrial firms had offered to invest $5 billion in Pakistan's defence, banking, oil exploration and mining sectors and Thar coal and Bhasha dam projects.

Leading industrialists, business executives and serious investors had called on President Asif Ayli Zardari during his visit to China and discussed prospects and opportunities for augmenting Chinese investment in important sectors of the economy with an objective to further diversifying and expanding bilateral economic co-operation.

Those who called on the President along with their respective delegations included Chairman of NORINCO, Chairman of Poly Technologies, Chinese Banking and Regulatory Authority and Chairman of CETC.


Source: http://www.brecorder.com/index.php?i...term=&supDate=
Nouman_26 no está en línea   Reply With Quote
Old October 8th, 2010, 11:05 PM   #1380
Ahmad Rashid Ahmad
Sapphire
 
Ahmad Rashid Ahmad's Avatar
 
Join Date: Oct 2008
Location: Madinah - Lahore
Posts: 15,434
Likes (Received): 6152

Chile to invest $ 4 bn in copper exploitation in Balochistan: Envoy

Ambassador Fernando Schmidt Ariztia, Foreign Secretary of Chile said on Friday that his government was looking forward to the finalization of its investment in the exploitation of copper in Balochistan where their company M/S Antofagusta would invest close to $ four billion. He said the project would turn into a symbol of growing Pakistan-Chile relations and open up new vistas for bilateral cooperation.
He stated this while talking to Foreign Secretary Salman Bashir here. The Chilean Foreign Secretary, who is currently on a visit to Pakistan, met with Foreign Secretary Salman Bashir and discussed issues of mutual interest.
The Ambassador of Chile to Pakistan,Luis Palma (resident in Tehran) was also present.
The Chilean Foreign Secretary, articulating the key elements of Chile’s foreign relations, stated that his country attached great importance to upgrading its bilateral relations with Pakistan in all walks of life.
There was tremendous potential existed between the two countries to promote commercial and economic relations, he added.
Foreign Secretary Salman Bashir reiterated Pakistan’s desire to augment its relations with Chile underlining that Pakistan offered great investment opportunities and that the two countries should examine possibilities in multiple areas including economic, commercial, cultural, science and technology and people-to-people contacts.
The Foreign Secretary expressed satisfaction at the level of bilateral cooperation at different multilateral forums.
The two sides agreed to look into the possibility of entering into a free trade agreement which would accrue mutual benefits. They also agreed to work towards instituting bilateral annual political consultations between the Foreign Ministries of the two countries.
Foreign Secretary Bashir raised the issue of a Pakistan national, Saifur Rehman, who was still in the custody of Chilean authorities on account of alleged possession of traces of explosives.
The Chilean Foreign Secretary expressed the hope that they would be able to reopen their resident diplomatic Mission in Islamabad, which was closed down in 1989, as soon as possible.
The two sides agreed to expedite the matter of a visa abolition agreement for diplomatic passports of the two countries.
Foreign Secretary Bashir gave a detailed briefing on the regional situation and how Pakistan was earnestly engaged in promoting peace and stability in South Asia.
Ahmad Rashid Ahmad 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 02:13 PM. • 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