Jul 24 - 30, 2000
Kalabagh dam only after consensus: Cabinet okays
The cabinet on Wednesday discussed the construction of proposed
Kalabagh dam and decided to develop a consensus, specially by taking Sindh into
confidence, on the issue.
It approved the Haj Policy for 2001, amendment to the Federal Public
Service Commission Ordinance, 1977, and amendments to the Securities and Exchange
Chief Executive Gen Pervez Musharraf told the cabinet that his
government did not plan to take any "unilateral decision" to build the Kalabagh
dam and that a broad consensus would be achieved before opting for the project, according
to official sources.
He stated that all apprehensions of Sindh would be removed and added
that some people in the NWFP were also opposing the project who, too, were being told that
the proposed dam was the only option to end the acute water shortage.
The cabinet endorsed the CE's initiative to create awareness for the
construction of Kalabagh and other dams.
He warned of a serious water crisis if people continued to oppose the
construction of new water reservoirs. Recently, he said, he had met a number of people in
Karachi and told them that they should support the plan to have more dams, including the
The CE, sources said, regretted that during the last 53 years, only a
couple of dams could be constructed. He cited the example of Turkey which had built 44
dams in 40 years.
He specifically said that the future of Sindh was linked to the
construction of Kalabagh dam and that it should be started without any wastage of time to
save huge farmlands.
He stressed the need for enhancement of water resources and their
equitable distribution among the provinces. He said that for a productive and prosperous
future and to cater to the irrigation requirements there was a need to increase the water
Revival of 16 sick units under study
The Committee for revival of sick units in its 5th meeting Saturday
discussed revival of 16 sick mills, officials said.
Tariq Hameed of Packages Limited chaired the meeting which was also
attended by heads and representatives of FPCCI, Wazir Ali Industry, PICIC, HBL, UBL, NDFC,
NBP, NIT, ICP. Five of the units are from agro-based and dairy products sector, two oil
mills, textile mills and factories of home appliances and beverage, etc.
HBL has financed five of them, while ADBP and IDBP funded three each
and remaining were funded by MCB, NDF, RDFC, and UBL. The committee has so far revived 15
sick units during its last four meetings.
The committee which is primarily focusing on 114 sick units, has so far
taken up 41 units.
Majority of the sick units are from textile sector (50 per cent),
followed by engineering, food processing including dairy units, sugars and others.
Pakistan needs 6% growth rate: Dr Ishrat
Central bank governor Dr Ishrat Hussain has said the poor, developing
countries need to achieve a certain "threshold annual growth rate of six to eight per
cent to reduce incidence of poverty".
He was speaking at a two-day seminar on "Globalization: Impact on
South Asia" which began at the Lahore University of Management Sciences (LUMS) on
The workshop is sponsored jointly by the Canadian International
Development Agency (CIDA), the LUMS and the Emerging Markets Partnership-Financial
The workshop was opened by Canadian High Commissioner Ferry de
Kerchhove who emphasized that "Pakistan was strategically located with big emerging
markets of the world China and India".
Dr Hussain said Pakistan could alleviate poverty by growing at an
annual rate of six per cent. He said 33 per cent population of the country lived below
poverty line. "We will have to be patient as far as poverty reduction is
concerned," he said.
MoU on Qatari gas pipeline project
A Memorandum of Understanding (MoU) has been signed on Tuesday between
the ministry of petroleum & natural resources and Crescent Petroleum Company
International Limited of Sharjah to finance, construct and operate a natural gas pipeline
from Qatar to Pakistan.
The pipeline will deliver about 1.6 billion cubic feet of Qatari gas
per day to Pakistan.
Under the terms of the MoU, the parties are required to negotiate and
sign a detailed agreement setting out the relationship between the parties and to sign a
gas sale/purchase agreement. The MoU would be valid for 12 months and its extension would
depend on whether significant progress is made on the project itself and on the
negotiations of further agreements.
New strategy for SMEs development
The federal government will discuss its new strategy for development of
Small and Medium Enterprises during the first meeting of Board of Directors of the Small
and Medium Enterprise Development Authority on July 22.
Federal Minister for Commerce and Industries Abdul Razzak Dawood, who
is chairman of SMEDA will preside. The 12-member SMEDA board of directors includes six
representatives from the private sector while federal secretaries of finance, commerce,
industries and planning are ex-officio members of the board.
SMEDA has so far been not able to focus on SMEs development mainly due
to assignments given to it by the federal government to develop macro-level plans for
urban transport system, fish exports and textile sector. The textile sector plan which was
assigned to it by the present government has been completed but facing snags in its
The first two plans were tailored by the authority during the previous
administration of Nawaz Sharif.