Pakistan Observer

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Monday, July 14, 2009, Rajab 19, 1430

 
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Business News
Govt encouraging investment: Waqar

Staff Reporter

Islamabad—The Federal Minister for Investment Senator Waqar Ahmad Khan, said that present government is encouraging investment and has identified infrastructure, oil & gas, power, food & agriculture and communication as priority sectors for investment. He was talking to Group of indigenous businessmen/ CEOs of multinational companies, who called on the minister in his office today.

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Coal reserves can overcome energy crisis: ICCI

Staff Reporter

Islamabad—Mian Shaukat Masud, President and Muhammad Ishtiaq Qureshi, Vice President of Islamabad Chamber of Commerce & Industry (ICCI) in a joint statement called upon the Government to evolve a comprehensive strategy to exploit the indigenous coal reserves for generating cheap and dependable energy. They said it was really pitiable that despite having total coal reserves of over 185 billion tons and being the sixth largest coal rich country in the world, Pakistan was still an energy deficit country, which showed our lack of planning and foresight to safeguard country’s interests.

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Karachi EPZ yet to produce results

Amanullah Khan

Karachi —Export Processing Zone Authority which has yet to prove its worth despite years of existence gets yet another new chief as Eng. Aftab Ahmed Memon an officer of District Management Group has been appointed as Chairman, Export Processing Zones Authority.

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Govt minimizing effects of energy crisis:Dr Asim

Lahore—Advisor to Prime Minister on Petroleum Dr Asim has said that the government is using all options at its disposal to minimize effects of energy crises on the industry, especially on the export industry. He was speaking at a briefing on ‘APTMA and winter load management’ at SNGPL head-office here on Monday. M.D. SNGPL Rashid Lone, Chairman All Pakistan Textile Mills Association (APTMA) Tariq Mehmood and other senior representatives of both the organizations were also present.

full story»  

 
Canada, Pakistan trade expo attracts heavy crowd

Karachi—President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Sultan Ahmed Chawla and other members of Pakistan trade delegation, led by Chief Executive of TDAP Mohibullah Shah called on Chief Executive Officer of the Brampton Board of Trade of Canada, Gary Collins.

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Forex FOREX RATES
USA 81.70 81.50
UK 132.36 132.03
Euro 113.83 113.55
Canada 70.00 69.83
Switzerland 75.19 75.01
Australia 63.62 63.47
Sweden 10.32 10.29
Japan 0.8832 0.8811
Norway 12.54 12.51
Singapore 55.86 55.73
Denmark 15.29 15.25
Saudi Arabia 21.79 21.73
Hong Kong 10.54 10.52
China 11.96 11.93
Kuwait 283.93 283.23
Malaysia 22.84 22.78
Newzealand 51.27 51.15
Qatar 22.44 22.38
UAE 22.24 22.19
KR WON 0.0639 0.0637
Thailand 2.396 2.390
 

 

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