Pakistan Observer

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Friday, November 20, 2009, Zil`Hajj 02, 1430

 
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Business News
 
Pak offers special treatment to Malaysian investors

Kuala Lumpur—Pakistan will provide special treatment to Malaysian investors and proactively ensure their security and help them to over come regulatory and bureaucratic bottlenecks. This was stated by Mr. Tariq Puri, Federal Secretary, Ministry of Investment during a roundtable investors’ conference held in the office of the Honorary Investment Counselor for Pakistan, Dato Salim Bin Fatih Din in Kuala Lumpur.

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Demand for agri credit on the rise

Amanullah Khan

Karachi —Agricultural credit disbursement by commercial and specialized banks rose 9.10 percent year-on-year to Rs 62.839 billion in the first four months (July-Oct.) of the current 2009-10 fiscal year (FY10). In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 5.239 billion in July-October, 2009 when compared with total disbursement of Rs 57.60 billion in the same period last year.

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Businessmen urged to invest in Punjab

Lahore—Consultant to the Chief Minister Punjab on Economic Affairs and Vice Chairman Punjab Board of Investment and Trade (PBIT), Pir Saad Ahsanuddin, urged Karachi’s leading entrepreneurs and business heads to formalise a Punjab investment plan.

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Shipping activity at PQ

Karachi—Brisk shipping was recorded at the Port where eight ships scheduled to load/offload Containers, Cement, Rape Seeds, Chemicals, Palm oil and Furnace oil were accommodated berths at Qasim International Container Terminal, Multi Purpose Terminal, Liquid Cargo Terminal and FOTeD Oil Terminal respectlvely on Wednesday.

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Housing industry offers good opportunities

Karachi—There are unlimited opportunities for expansion of housing industry in Pakistan. “But to achieve this, financial institutions have to play an active role”, said Hussain Lawai, CEO Arif Habib Bank in a meeting with members of Association of Builders And Developers during a visit to ABAD House Wednesday.

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