Islamabad —Ukraine has a highly developed
agriculture and it should help Pakistan in
improving its agriculture productivity by
sharing knowledge & expertise and transferring
technology. This was said by Mian Shaukat Masud,
President, Islamabad Chamber of Commerce &
Industry (ICCI) while talking to a delegation of
Ukraine’s agriculture sector that called on him
at ICCI led by Mr. Igor Potapov. He said
Pakistan was also predominantly an agrarian
economy.
Paris —There is no room for governments that
have borrowed billions to fight the economic
crisis to accumulate more debt, European Central
Bank President Jean-Claude Trichet said on
Sunday. “There is a moment where you can’t spend
anymore and you can’t accumulate any more debt.
I think we are at that moment,” Trichet told
Europe 1 radio.
Islamabad—The Pakistan Economic Watch (PEW) has
asked the international lenders to take notice
of broken promise of agriculture tax, by the
government. “International lenders should not
remain silent over broken promise of taxing
agricultural income,” said Dr. Murtaza Mughal,
President PEW in a statement issued here on
Sunday. He said the recent volatility in the
food prices has boosted the income of
cultivators to new heights.
Karachi —Trading activity partially improved on
the cotton market on Saturday as ginners were
trying to clear the unsold stock with them ahead
of new crop arrival, dealers said. The official
spot rate was left unchanged at Rs 3,400.
Business activity picked up as approximately
2,000 bales from different stations changed hand
at Rs 3,100-3,400; they said.
Aberdeen, Scotland—Despite a recent spike in oil
prices, energy industry chiefs warn that
infrastructure investment in the North Sea will
not jump in tandem. Scaring investors away is
market volatility, they say. Bosses from the oil
and gas sector gathered last week in the
Scottish coastal city of Aberdeen for an
industry conference that delivered little
optimism regarding the outlook for North Sea
development. Oil & Gas UK, an organisation
representing Britain’s offshore energy industry,
hosted the Aberdeen gathering amid a sharp
domestic downturn that has curbed business
investment across the country.
