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COVER STORY

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.

 

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