Sunday, May 06, 2012, Jumada Al-Akhir 15, 1433
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Business & Finance
Australia plans investment in citrus sector: Tim GeorgeStaff Reporter Lahore—Australian High Commissioner Tim George has said Australian was planning major investment into the citrus sector in the Pakistan, including construction of a juice extraction plant. Senior Trade Commissioner for Australia in South Asia Peter Linford and Honourary Counsel of Australia for the province of Punjab Salim Ghauri were also present on the occasion.
The Australian envoy told reporters that a delegation led by the Senior Trade Commissioner in South Asia called the Chief Minister Punjab to brief him on the project, which is collaboration between Pakistani citrus growers, Australian citrus and juicing company expertise and Middle East investment.
IBA ICM 2012
Climate change can alter global economic pattern: Dr Ishrat HusainAmanullah Khan Karachi—Dr. Ishrat Husain, Dean & Director IBA has identified change in global climate, China’s emergence as the world’s largest economy, income disparity and potent trends in deographics as the unique trends which are likely to alter present economic and social practices.
Elaborating his point of view about world trends he identified four unique trends that are capable of disrupting international business trends.
Indonesian MPs for more trade with PakistanStaff Reporter Lahore—A five-Member high powered Indonesian Parliamentary Delegation, led by the Chairman Bilateral Cooperation Group Mohammad Hatta, Saturday visited Lahore Chamber of Commerce and discussed bilateral trade and investment.
The LCCI President Irfan Qaiser Sheikh gave a detailed briefing to the Indonesian Parliamentarians on available trade and investment opportunities in Pakistan. Vice President Saeeda Nazar, Executive Committee Members Husnain Reza Mirza and Sheikh Mohammad Ayub also spoke on the occasion. Both the sides also exchanged views on bilateral cooperation in different sectors of economy.
Controversy over finalization of macroeconomic figuresIslamabad—The controversy triggered over finalization of macroeconomic figures is likely to delay the presentation of next federal budget till the first week of June, said an official, requesting anonymity. Budget was to be presented on May 25th this month but due to controversy triggered over rebasing date is create fear of delaying the presentation of federal budget till first week of June.New auto draft invites India to takeover our industry: PaapamStaff Reporter Lahore—The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam), taking strong exception to the new tariff structure under the proposed Auto Policy (AIDP-II) of Engineering Development Board, has said that this is a well-conceived strategic move to invite India to take over Pakistan’s comparatively tiny auto manufacturing sector.
System of int’l financial safety nets needs to be reorganizedStaff Reporter Islamabad—The system of international financial safety nets needs to be reorganized to ensure sufficient liquidity to combat systemic crises, said by Asian Development Bank (ADB) seminar’s speakers.
“International and regional financial safety nets have become much more important in an era of globalized financial markets and volatile capital flows,” said ADB Chief Economist Changyong Rhee.
Food insecurity persists in Asia despite economic growth: ADBStaff Reporter Islamabad—Asian and Pacific governments must find ways to reduce food waste and storage losses, encourage rural development, and provide well-targeted safety nets to protect the poor from hunger, says a new Asian Development Bank (ADB) report.
The report, “Food Security and Poverty in Asia and the Pacific: Key Challenges and Policy Issues,” shows that despite rapid economic growth in Asia, food insecurity and inequality remain a reality for millions.
The situation is most dire in South Asia, where six out of 10 of Asia’s hungry reside and eight out of 10 underweight children live, according to the report that was presented at the 45th Annual Meeting of the ADB Board of Governors.
Winning customer trust vital for businessesStaff Reporter Lahore—In the prevailing global and national economic scenario, winning customer trust and provision of quality products is vital for businesses. Only those businesses would be able to make their presence felt in the national and international market that have grasp over marketing techniques.
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