Islamabad—Pakistan has witnessed a fall of 47.5
percent in net foreign investment during the
first 11 months of 2008-09 causing more
contraction in the economic activities and
government should make hefty cut in interest
rate & power tariff to lure back the investment.
Mian Shaukat Masud, President, Islamabad Chamber
of Commerce and Industry (ICCI) said this while
addressing ICCI Budget & Trade Policy
Sub-Committee meeting. The net foreign
investment has come down to US $ 2.2 billion
during 11 months of 08-09 as compared with US$
4.23 billion in the same period of last year.
Islamabad—Pakistan Poverty Alleviation Fund (PPAF),
in collaboration with TetraPak and other dairy
industry leaders, has started daily provision of
milk to 9,000 children below the age of ten in
two camps in Shah Mansoor, Swabi. PPAF and
TetraPak have joined hands in this noble cause
with the aim to fulfill the nutrition
requirements of the children at the tender age.
Faisalabad—Textile exporters could bring $ 25
billion forex from exports in next two years and
120 billion during next 10 years if they are
provided level playing field and productivity
conducive consistencies.
Islamabad—Minister for Water and Power and
Chairman Alternative Energy Development
Board(AEDB), Raja Pervez Ashraf has extended
full support of Pakistan to the newly perceived
International Renewable Energy Agency (IRENA).
Islamabad—Federal food and Agriculture Minister
Mr.Nazar Muhammad Gondal said that Food and
Agriculture Organization (FAO) is a reliable
partner in progress and its services in
strengthenining agriculture and ensuring food
security of the region are laudable.
