The Police Order was approved with the proviso that
the provinces can make such amendments to it, after the approval of the
federal government, as required by their respective circumstances.
Presiding over the meeting, President Gen Pervez
Musharraf expressed satisfaction over the "historic decision"
and said that the promulgation of the Police Order would transform the
police from a "repressive entity to an accountable and responsive
setup" which would be enjoying the confidence and trust of people
and the government.
National Reconstruction Bureau chairman Tanvir Naqvi
apprised the cabinet of the salient features of the Police Order. He
said a consultation process was initiated about a year ago in which the
ministry of interior, secretaries of the government, media and people
offered their comments and views which had been included in the Police
The NRB chief appreciated the provincial governments'
contribution to the finalization of the Police Order, and said their
suggestions had proved useful.
The role of the Nazims has been defined in the new
law in relation to the police. 'District Safety Commission' will be the
focal point to redress people's complaints about the excesses of the
police at the district level. Appreciating the recent success of the
police in the arrest of terrorists, the president referred to the
killing of some terrorists suspected of attacking a school in Murree in
which six people had been shot dead on Tuesday.
MUSHARRAF'S US VISIT
Pakistan will seek greater access to the US market
for its textile products during the visit of President Pervez Musharraf
to Washington in September this year.
"I was dissatisfied with what was offered to
Pakistan by the United States. It was too little and we would be taking
up the issue again during the President's September visit," said
Commerce Minister Abdul Razak Dawood on Tuesday at a news conference.
The president is expected to visit Washington on September 11.
US-PAKISTAN COUNCIL TO PROMOTE INVESTMENT
To promote US direct investment in Pakistan,
US-Pakistan Business Council has been established, which would become an
affiliate organization of the US Chamber of Commerce.
This was stated by Dr Herbert J. Davis, Managing
Director, South Asia Affairs and Executive Director, US-Pakistan
Business Council, in a meeting with Finance Minister Shaukat Aziz on
SBP ASKS BANKS TO GO ONLINE
The State Bank has asked all the banks that they
should join or come to an agreement with two existing ATM switch
networks of MCB and ABN Amro if they are not currently connected to
either of the two. The central bank has set December 31 as the deadline
for this purpose.
MFMY INDUSTRIES SEEKS DELISTING
M.F.M.Y Industries — a publicly traded company on
the textile spinning sector proposes to pay Rs11.50 for each share held
by the minority shareholders and seek stock market de-listing.
Two major shareholders in the company — Aziz Usman
and Zafar Usman — who between them hold about 97 per cent of the
outstanding stock, had made the first buy-back proposal as far back as
in December last. But the repurchase price then quoted was Rs7 per
share. It quite looks like the stock exchange has managed to broker it
up by 62 per cent to Rs11.50.
46 EXPORT FAIRS HELD IN 2001-02
The Export Promotion Bureau (EPB) in 2001-2002
organized and participated in 46 foreign exhibitions for exports
promotion of various products to traditional and non-traditional
markets, official figures said.
The bureau had incurred around Rs232.508 million for
holding and organizing these exhibitions where 641 exhibitors displayed
their products. It was encouraging to see that 116 new comers and 17
lady entrepreneurs also participated in the exhibitions.
The EPB held 12 general, 11 textile and five food
exhibitions in foreign countries. Besides, four, each of stationery,
carpet, footwear and auto parts were organized or participated.
BOI APPOINTS 27 COUNSELLORS
In order to attract foreign investors and to market
Pakistan's investment opportunities abroad with the help of successful
overseas Pakistanis (OPs) , the Board of Investment (BoI) has appointed
27 Honorary Investment Counsellors (HICs) in 20 countries.
The visiting HICs, Safi Qureshi and Zafar Tahir, are
very successful businessmen based in the US, while Tariq Bhatti is
running an IT company in Italy, which has a reach in six European
Safi Qureshi is an IT tycoon in the US. The Chairman
BoI informed them that the President has identified four priority
sectors i.e. Oil & Gas, IT, Agriculture & SMEs. There is an
ample scope for OPs in SMEs, he added.
WB TERMS AUDIT REPORTS COMMENDABLE
The World Bank has appreciated the quality of audit
reports, prepared by th audit department, with an aim to improve the
management and performance of the ministries, divisions and corporations
of the government of Pakistan.
The WB said in its letter, received by the finance
ministry, that progress towards strengthening the audit function was
noteworthy and the audit reports completed by the audit department would
be utilized as a model for other countries.