17 - 23, 2001
'Cluster parks' being set up to boost economy
The Secretary, Ministry of Industries and Production, Dr
Mohammad Akram Sheikh, on Wednesday said that the Small and Medium Enterprise
Authority (Smeda) has embarked upon a scheme to set up 'cluster parks' in
various cities of the country.
He was addressing the members of the Faisalabad Dry Port
Trust (FDPT). He said the first cluster park is being set up here and for the
purpose a suitable site of Morafco Industries on Canal Bank has been selected in
which small and medium size industries would be established.
He said that the small and medium industries were playing a
vital role in the progress of the economy by contributing 40 to 50 per cent to
the GDP and provide 69 per cent jobs to people.
He said the insufficient technical know-how had marred us to
attain the globalization and proper place in the comity of nations. He said it
is very encouraging that the present government had realized the magnitude of
the plight and the ministry of industries was assigned the task to establish
'cluster parks' in the country.
Mian Mohammad Latif, chief executive Chenab Limited, while
elaborating the salient features of the cluster parks said that credit goes to
Tasnim Noorani, former secretary for Ministry of Industries for floating the
idea for the establishment of such parks in the country.
He said that the management of these parks should be
entrusted to private sector. He suggested that a trust like FDPT be established
to run the affairs of these cluster parks.
Earlier, in his address of welcome Chaudhry Mushtaq Ali
Cheema, chairman, FDPT, said that the trust handles about 24,000 export cargo
containers worth Rs35bn and 2400 import cargo consignments having a value of
Rs10 billion every year.
Economic base stabilized: Shaukat
Finance minister Shaukat Aziz said on Wednesday the
government had succeeded in stabilizing the economic base of the country and the
foreign exchange reserves had reached the highest mark ever since the inception
The minister was talking to a delegation of employees from
different banks and financial institutions at a meeting. He said dialogue was
the best means to resolve issues of mutual concern and develop understanding
between workers and employers.
The meeting was arranged in pursuance of directive of
president Pervez Musharraf at Pakistan Tripartite Labour Confeence held in July
NWFP refuses to allot land
NWFP government has refused to allot state land to Chinese
investors for corporate farming on Islamabad's terms and conditions, according
to official sources.
NWFP had been asked to identify and allot some 20,000 acres
of arable state land to Chinese investors, on long-term lease basis, for
establishing corporate farms in the Frontier province.
"We have conveyed to Islamabad that neither we have that
much of arable state land nor can we allot the same on terms and conditions
proposed by the federal authorities," provincial minister for revenue,
excise and taxation Aminullah Gandapur confirmed.
The sources said the NWFP government had conveyed its
reservations to the federal government's plan of allotting 20,000 acres arable
land to Chinese investors, on long-term lease, for corporate farming.
China to help set up S&T parks
Pakistan and China will actively collaborate for the setting
up of science and technology parks and technology incubators at various sites in
This was decided at a meeting held at the ministry of science
and technology between the officials of the ministry and a Chinese delegation,
headed by Prof Kong Deyong, the president of the National Research for S&T
Development of China.
Gas exploration to be encouraged
The governor of Sindh, Mohammedmian Soomro, has said that the
development of hydrocarbon resources was the key to the economic uplift of the
He was speaking at the ground-breaking ceremony of the Bhit
gas field project, about 90 kilometres, on Saturday.
Mr Soomro said Sindh was proud to have played a pivotal role
in the energy development over the last 20 years, as was evident from the Bhit
and other gas field discoveries made by Lasmo.
He said that his government would continue to encourage oil
and gas exploration and development projects in the province by facilitating the
Faisalabad cottage industry in crisis
Due to recession and inconsistent government policies, a
large number of powerlooms and other units of cottage industry have closed down
in Faisalabad, said All Pakistan Cloth Exporters Association (Apcea) acting
chairman Zahid Aslam.
He said small export base with $8 to $9 billion is alarming
for a country with population of 140 million and unlimited natural resources.
"It should serve as an eye opener for the government", he said and
added that the government has failed to restore confidence and put the economy
on right track through its policies.
Manufacturing sector growth
Manufacturing, second largest sector of economy contributing
more than 17 per cent to GDP, is expected to grow at 7.8 per cent by the year
2011. According to official sources, small-scale manufacturing will grow at the
rate of 6 per cent, while the large-scale industry will grow at the rate of 8.4
per cent by 2011.
In order to achieve the desired industrial growth an
investment of Rs5.45 billion is estimated in the manufacturing sector under the
Public Sector Development Programme (PSDP) during the Perspective Plan