06 - 12, 2000
Pakistan, China agree to implement 40 projects
Under the 15th S&T Cooperation Protocol signed
on Wednesday, Pakistan and China agreed to implement 40 projects in
the field of biotechnology, agricultural sciences, standards and
quality control, fisheries, water resources etc.
The protocol was signed in a meeting of
Pakistan-China Joint Ministerial Committee on S&T Co-operation, a
press release said.
The Pakistan delegation was led by Secretary
Science and Technology Division, Javed Masud. The Chinese side was led
by Mr Yuan Shunguang, director general, international relations,
ministry of science and technology. Chinese ambassador to Pakistan Lu
Shulin was also present on the occasion.
Talking to the delegation, Javed Masud informed the
delegation that Minister for Science and Technology Prof
Atta-ur-Rahman had suggested that Pakistan and China should establish
a joint revolving fund on the pattern of Pak-Kazakhstan co-operation.
Javed requested China to help Pakistan in
minimising post harvest problems, preparation of vaccines, production
of low energy consuming bulks and renewable energy sector.
A number of big projects, built with the help of
China, in Pakistan included Heavy Mechanical Complex, Heavy Electrical
Complex, Heavy Rebuild Factory and Chashma Nuclear Power Plant. Javed
said due to financial difficulties, some research projects included in
the 14th Protocol could not be implemented.
Some 280 projects of economic importance are
undergoing a process of peer review at the moment and the S&T
Division intends to launch about 30-40 commercially viable projects in
the near future.
Shunguang, expressed satisfaction over the pace of
implementation of projects between the two countries. He said Pakistan
could benefit from anti-desertification and agricultural technology
developed by China.
Foreign experts assessing Saindak plan
A number of teams of experts from different
countries are currently visiting the Saindak Metals plant in Chagai
District making on the spot assessment before offering final bids for
leasing this copper and gold project of Balochistan.
The teams of experts from Australia and China were
in Quetta and they left for Saindak inspecting the plant, machinery,
its worthiness to operate, availability of energy resources, storage
of oil and transportation of finished products to the world market.
The Australians are exploring a neighbouring site
of gold and copper, with a greater contents of gold than copper
comparing the Saindak reserves, at the Koh-i-Dalil, within the 50 mile
radius of Saindak plant. The BHP company of Australia, in
collaboration with the Pakistan Mineral Development Corporation and
the Balochistan Development Authority, was exploring the gold and
copper site at Koh-i-Dalil.
Ginners lose ground
Cotton prices on Wednesday showed a modest decline
as some of the weak ginners sold in a bit haste, apparently fearing
further pick up in phutti arrivals from the growers.
Floor brokers said big-lot business in the Punjab
fine variety late on Tuesday evening below Rs2,300.00 per maund did
not allow the market to re-open on a firm note, as some of the leading
ginners did try early.
Leading ginners are still holding on to their long
positions in a bid to hold the current price line but weaker among
them having a little holding capacity were not in an obliging mood.
They sold their stock to clear the outstanding dues of growers, a
Siemens (Pak) Engineering Co Ltd will introduce a
software programme called www.mySAP.com at Indus Motors, Siemens
spokesman said on Wednesday.
He said the MD and CEO of Siemens (Pakistan),
Suhail Wajahat H. Siddiqui and Indus Motors MD, Farhad Zulficar,
signed an agreement in this respect. Siemens spokesman said that SAP
is a software which integrates all functions of the organization.
CNG use being promoted, says minister
Petroleum Minister Usman Aminuddin said on Monday
that the government was promoting the use of compressed Natural Gas (CNG)
in a big way to reduce the heavy import bill and provide the consumers
an environment-friendly and cost-effective fuel.
Presiding over a meeting of the Board of Governors
of Hydrocarbon Development Institute of Pakistan (HDIP), the minister
said that introduction of CNG was a success story in Pakistan where
over 80,000 vehicles had been shifted to the CNG.
Exploration license granted
The government of Pakistan on Monday granted a
petroleum exploration licence to a joint venture of Pakistan Petroleum
Limited (PPL 95%) and Government Holdings (5%) for petroleum
exploration in Karsal Block 3272-8 - covering 625.26sq km in district
The block has been awarded through competitive
bidding. PPL is the operator. The joint venture intends to make a risk
investment of about $7.2 million for an exploration programme
comprising 60km of 3D seismic acquisition and drilling of one
exploration well during the initial 3-year term.
2.5m acres under tea cultivation
The government has decided to bring 2.5 million
acres of agriculture land under 'tea cultivation' in the NWFP which
would save over $200 million foreign exchange currently being spent on
tea imports, said Owais Ahmed Ghani, provincial minister for commerce
Speaking at the stone-laying ceremony of first-ever
tea processing plant in Mansehra district, he said that huge amount is
being spent on the import of tea.
The minister said that under the special directive
of the chief executive, Gen Pervez Musharraf, micro finance bank will
provide loans to the tea-growers at easy installments. Furthermore the
Bank has already allocated and disbursed more than 90 millions rupees
for tea cultivation on soft terms, he added.