The present copyright law is weak and
needs to be strengthened to include a minimum penalty to give the law a deterrent value.
An effective enforcement programme should be carried out by the government to enforce the
existing copyright laws. In addition, the duties and levies on such imported raw material
for books such as paper, ink, film, and plates should be reduced.
Al-Meezan Investment Bank is introducing "Riba Free" an
Islamic Investment Deposit scheme. The introduction of this new mode of Islamic finance
has been scheduled to coincide with Hajjat ul Wida, the last sermon delivered by Prophet
Mohammad (pbuh) in which the interest was declared forever as "Haram".
Iran-Pak Refinery, a joint venture between the two countries is
continued to suffer uncalled for delays for one reason or the other since it was signed in
1996. Pakistan's ever increasing oil import bill which may be over $2.5 billion for the
current fiscal demands that refinery project and Turkmenistan gas pipeline, the two
products should not be allowed further delays.
NORTEL AND PAK TELECOM
Pak Telecom Mobile Limited has signed an agreement with Nortel
Networks for digital wireless network. Nortel's strong track record in cellular
communications will give a strong boost to the new venture. The delay in launch of the
mobile service is costing approximately Rs. 150 million monthly to the Company.