Pakistan Observer - Busines News

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Sunday, March 14, 2010, Rabi ul Awwal 27, 1431

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Business & Finance

Gilani approves biz package for NWFP

Islamabad —Prime Minister Syed Yousuf Raza Gilani has approved a revised package giving more incentives to business community of the NWFP to rehabilitate the economic life in the NWFP, FATA and PATA.

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Ten NWFP sick industrial units revived

Islamabad—The government has revived ten sick industrial units in NWFP with the cost of Rs. 85 million which generated employment for more than 300 unemployed persons. On our part all out efforts were being made to revive the 1332 sick industrial units countrywide which was not only helpful in enhancing production in different areas but also generated employment, official sources said here Saturday.

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ICCI for proper use of coal reserves

Islamabad—Islamabad Chamber of Commerce and Industry (ICCI) on Saturday urged the government to focus on exploiting coal reserves to overcome power shortage for the promotion of industry and the overall economy of the country.

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Weekly inflation witnesses nominal increase

Islamabad—The Sensitive Price Indicator (SPI), for the week ended on March 11, for the lowest income group upto Rs.3,000, has registered nominal increase of 0.19 percent over the previous week.

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Active academic-industry partnership stressed

Karachi—There is a need for a strong academic- industry partnership. This was stressed by the Governor of State Bank of Pakistan (SBP), Syed Salim Raza. He was addressing the faculty members and students of the Institute of Business Management (IoBM) here on Saturday.

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First Thar coal power project within one year

Islamabad—National Assembly was informed Thursday that first Thar Coal project of 50 MW will complete within next one year. Minister for Water and Power told the House in response to a Calling Attention Notice that work has been awarded for this project and ‘we hope it is completed within next one year.’

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PGJDC organizes ninth Gem Bazaar

Peshawar—The two days Gem Bazaar organized by Pakistan Gems and Jewellery Development Company (PGJDC) was inaugurated here Saturday by Bilal Mustafa, Managing Director Bank of Khyber.

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Textile ministry discharging proper responsibilities

Islamabad—Ministry of Textile Industry has clarified that it is performing its responsibilities under the rules of business with full objectivity and sincerity for the promotion and development of the textiles sector in the country.

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Zahid Malik
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