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The process of privatization which started nearly ten years ago in Pakistan could not maintain its momentum due to frequent changes of governments but more importantly because of lack of clear cut policy framework. The cover story discusses new strategy, priorities and mode of the sale of the GoP stake in various state-owned enterprises. Successful sale of LPG operations of SSGC and part of GoP share holding in MCB has established earnestness of the government. The decision to sell GoP holding in other entities is expected to attract the attention of both local and foreign investors.

A strong financial performance during the half-year ended December 31, 2000 has raised the expectation of Indus Motor Company, the local producer of Toyota Corolla and Daihatsu Cuore cars, to better its profitability during the remaining year. PAGE highlights the reasons.

Hewlett-Packard (HP) of Singapore has appointed Unisys Pakistan as their Corporate Reseller in Pakistan. A formal agreement was signed at a simple but impressive ceremony at Karachi Sheraton. Ashraf Jafri, country general manager Unisys Pakistan, Colin Chow, general manager HP, Derek Seow, Sales Director and Peter Quek HP's country manager in Pakistan were present on the occasion. The two IT leaders were of the opinion that highest growth rate of 18-20 per cent is taking place in the IT sector of Pakistan offering investment opportunities for world IT leaders.