April 01 - 07, 2002
PRODUCTION OF INDUSTRIAL ITEMS DECLINES
The production of automobile and industrial items drastically
reduced during first half of the current fiscal, though overall large scale
manufacturing posted around 3.7 per cent growth compared with the corresponding
period last year.
The production of industrial items like cigarettes, jute
goods, chip board, soda ash, ammonium nitrate, di-ammonium, phosphate, glass
sheet, cement, coke, pig iron/H metal, cast/rolled billet, H.R coils/plates, C.R
coils, galvanized products, jeeps, trucks, buses and tractors declined during
first six months period of the current fiscal.
The production of jeeps, trucks, buses and tractors declined
by 22.32 per cent, 23.01 per cent, 40.64 per cent and 26.24 per cent,
respectively, in July-January 2001-02 against corresponding period last year.
The jeep production declined due to reduced purchases by the government and
public sector agencies as a result of budgetary constraints.
The fall in buses and trucks production was, however, due to
recession in the market and no new induction of buses took place under the urban
transport scheme. Reduction in tractor production has been attributed entirely
to reduced loan advancement by the Agricultural Development Bank of Pakistan (ADBP).
The car production stood at 21,618 in first six months of the
current fiscal against 21,351 same period last fiscal, showing a nominal
improvement of 1.25 per cent, while jeep production dropped from 327 last fiscal
to 254 during first six months of the current fiscal. Trucks production reduced
to 425 from 552 last year, showing a reduction of 23 per cent.
Similarly, bus production also came down by 40.64 per cent to
523 from 881 last year. Tractors production also reduced to 11,503 from 15,596
last year, down by 26.24 per cent.
The production of jute goods during the period amounted to
41,146 tons as compared to 53,783 tons over the corresponding period last
fiscal, showing a decline of 23.50 per cent.
The cement production in July-January 2001-02 has been 5.59
million tons against 5.914 million tons during corresponding period last fiscal,
showing a shortfall of 5.47 per cent.
OGDCL ENHANCES PRODUCTION
Oil and Gas Development Company Limited (OGDCL), as an
operator in a joint venture, has made yet another landmark achievement in
enhancing the oil and gas production through its Chak 63 Well # 01 located in
District Sanghar, Sindh.
According to a press release, the joint venture is comprised
of OGDCL, OPI and government holdings. This well will save $13 million per annum
precious foreign exchange. The well is located about 10-km north west of Chak-5
Dim. Sanghar is the nearest town, which is about 20-km south east of the
In a special message, Usman Aminuddin, Minister for Petroleum
and Natural Resources, has lauded this commendable achievement of OGDCL and
greeted its officers and staff who made this major discovery possible through
indigenous efforts. He reiterated the need for a dynamic and progressive
approach to enhance exploration activity.
MANGLA FILLING BEGINS IN APRIL
Projecting a water shortage between 33 per cent and 54 per
cent during early Kharif, the Indus River System Authority on Wednesday agreed
to start filling Mangla Dam from early next month and meet "reasonable
(water) requirement" of Sindh.
The filling of Mangla Dam and releases to Sindh would be made
on the basis of "existing actual average annual uses" of 1977-1982,
commonly known as historic use.
A decision to this effect was taken by the Irsa's technical
committee. Sindh had opposed the suggestion to fill Mangla Dam from April 1, and
demanded that Taunsa-Punjnad and Chashma-Jhelum link canals should be closed
till June 10.
PLAN UNDER WAY TO PROMOTE SMES
The Small and Medium Enterprise Development Authority (Smeda)
is presently working on a plan which would suggest to the government how to
remove regulatory retardants in the way of promoting SMEs.
This was stated by Smeda's chief operating officer (COO) Asir
Manzur at a workshop jointly organized by Smeda and Union of Small and Medium
Enterprises (UNISAME) on Thursday.
He said that the main objective of Smeda is to assist the
small and medium enterprises with technical gradation marketing support
especially in export markets.
Pakistan Sugar Mills Association (PSMA) has urged the TCP to
purchase 0.2 to 0.3 million tons sugar out of the expected surplus of 0.621
PROGRESS ON WHITE OIL PIPELINE REVIEWED
Federal Minister for Petroleum and Natural Resources Usman
Aminuddin on Wednesday underlined the importance of the white oil pipeline
project in national economy, and called upon the Pak Arab Pipeline Company (PAPCO)
Joint Venture to expedite the work so that it could be completed at the earliest
The minister was presiding over a meeting on Wednesday to
review the progress on the project. The meeting was attended by the Director
General (Oil), Director General (Special Projects), Ministry of Petroleum and
Natural Resources and Managing Directors of joint venture companies — PARCO,
PSO, Shell and Caltex.
Usman Aminuddin said that early completion of the project
would not only bring rapid economic development in the country but also put the
petroleum sector on road to speedy progress.