The population of the world crossed the
six billion mark on the 12th of this month. Half a population of the world will have to
survive on less than dollar a day including 1.3 billion of those who keep on living in
extreme poverty at less than dollar a day. While Pakistan is not included in the 41 Highly
Indebted Poor Countries (HIPCs) the debt servicing keeps on taking a heavy toll on the
lives of people. The huge and increasing debt servicing is leaving little money for the
development expenditure to deprive a big percentage of population of access to such basic
amenities as running water and such vital social services as basic education and health.
GOLD
Gold trading worldwide remained volatile for
last one month due to a sharp increase in prices. The local bullion market does not remain
ummune to this volatility as trading remain suspended in Karachi for almost two weeks. On
October 16 the trading once gain remain suspended in Karachi as gold prices remained Rs
250 leeser per tola than that in Dubai, the major source of gold imports.
KEPZ
Foundation stone of KEPZ gymkhana was
laid in 1993. The investors had made handsome contributions for construction of the
gymkhana building in the hope that the compled would help promoting sports and social
activities in the dry industrial atmosphere of the zone. The project is however lying
neglected and could go above the plinth level. This is a glaring example of how much
interest is being taken by the management for development of export processing zones in
Pakistan.
INVESTMENT
Yousuf
Rafiq from Islamabad reports a detailed procedure and guidelines for private sector
investment on BOT/BOO and BLT projects drafted by the Board of Investment but in
conjunction with other ministries.
