recent visit of the US President, Bill Clinton to South Asia, marks the shift in American
foreign policy. Though, Clinton will be relinquishing the office by the end of this year,
his visit will have a profound impact on the foreign policy of the forthcoming government.
Currently, the foreign exchange earnings of the Karachi Export
Processing Zone (KEPZ) estimated at $75-80 million as compared to $1 billion per annum
earned by Bangladesh Zone. Despite having an edge over Bangladesh due to availability of
the basic raw material within the country i.e. cotton and cotton yarn. the inconsistent
economic policies and the poor management altogether have left KEPZ far behind of
Bangladesh zones. Bangladesh zones have to rely on imported raw material, which generally
supplied from Pakistan.
The Federal Cabinet, in its meeting last week approved the draft of the ordinance which
seeks to set up the Corporate and Industrial Restructuring Corporation (CIRC) to promote
the revitalization of the nations economy by reviving sick industrial units in the
country. Our Bereau Chief reports from Islamabad.
Prices of registered drugs will soon increase but not in accordance with the
pharmaceutical industry's demand of 26 per cent hike. The Federal Ministry of Health last
week proposed to the Federal Cabinet that it approve an immediate raise of 10 per cent in
the prices of registered drugs. Yousaf Rafiq reports from Islamabad.