A high-level meeting, presided over by Finance
Minister Shaukat Aziz, also decided that Food and Agriculture Minister
Khair Muhammad Junejo would head the new Board.
The Board would coordinate national and provincial
efforts in different livestock activities to promote investment in the
sector and work as one-window operation to make dairy and livestock as
vehicle for poverty alleviation for small and landless farmers with
special emphasis on women empowerment.
Shaukat Aziz said that dairy and livestock
contributed 38 per cent of the agriculture GDP. Therefore, credit
availability to poor for the sector need to be increased to alleviate
poverty. He said that one of the best ways to attack poverty was to
provide micro credit in rural areas to promote dairy sector.
He directed the ADBP chairman and management of
Khushhali Bank to increase their credit portfolio for dairy sector for
increasing employment opportunities and the development of dairy and
livestock sectors. He expressed the hope that similar micro credit
programmes will also be introduced by other leading banks in the
Similar board will also be set up at the provincial
level. The Federal Board will have ten members. Provincial ministers of
livestock and dairy, secretary Ministry of Food and Agriculture,
secretary finance, chairman ADBP, president Khushhali Bank, and
representatives of private sector to be nominated by the provincial
governments will act as members.
Businessmen have started receiving pressures from the
elected legislators to give employment and accommodate their recommended
persons in their business concerns.
"I have received polite requests from three members
of National and Sindh assemblies from Karachi to accommodate their
recommended persons in my factory," a well established textile
businessman confided with a request that his name and those of three
legislators should not be disclosed.
Another businessman confided that a top politician
wants a few of his recommended persons to be given jobs in his factory
in NWFP. An elected member of Sindh Assembly from Karachi spoke of the
pressures he is facing from his many voters to get them, their sons and
brothers a job 'anywhere'. "On the very first day, after elections, I
was handed over 72 job applications by those who came to congratulate me
after Juma prayers," he disclosed.
INFLATION IN FIRST QUARTER ON RISE
Inflation based on Consumer Price Index soared by
3.79 per cent during the first quarter of 2002-03 as compared to
corresponding period of previous year.
According to the summary of inflation rates released
by the Federal Bureau of Statistics, the Sensitive Price Indicator (SPI),
which is more relevant to the low-income households, recorded a quantum
jump of 5.15pc in July-September. This was the highest increase in three
years, as evident from 3.68pc increase in the same period of 2001-02 and
4.23pc increase in 2000-01.
The third measure of inflation, wholesale index (WPI)
spurted by 3.22pc in the first 3 months of current financial year,
compared to 5.71pc in 2001-02 and 4.01pc in 2000-01.
The data regarding September 2002 shows an increase
of 5.11pc in SPI, 3.73pc in CPI and 3.95pc in WPI compared to
corresponding month of previous year. The price spiral comes out to be
substantial in September also when compared to August 2002: SPI by
1.04pc, CPI by 0.19pc and WPI by 0.59pc.
RICE EPZ TO BE SET UP IN SINDH
Sindh Governor Muhammadmian Soomro has promised to
extend support for establishing rice export processing zone in the
province between Karachi and Hyderabad.
He said the Sindh government would be asked to
arrange proper piece of land for the proposed zone. The zone would
attract international as well as local investment and also provide jobs
to the people of Sindh.
Presiding over a dinner meeting, arranged by Rice
Exporters Association of Pakistan (REAP) with growers, millers and
exporters, the governor appreciated the growing cooperation among
growers, millers and exporters.
The General Tyre and Rubber Company of Pakistan
Limited confirmed early this month that the company had executed a
7-year Technical Service Agreement with Continental Tire North America
Inc. (CTNA), USA.
NFC AWARD LIKELY BY MONTH-END
The National Finance Commission (NFC) is holding its
final session before the end of this month, tentatively on October 25 at
Lahore, to decide resources distribution formula between the federation
and the provinces and among the provinces.
NWFP TO MERGE SDA
The NWFP government has decided to merge the Sarhad
Development Authority and Small Industries Development Board into an
Industrial Facilitation Agency.
The merger would ensure smooth and viable
industrialization in the province by providing the required facilities
to industrialists and investors, said an official statement.
SELLING THE NEW LABOUR POLICY
The tradition of first announcing a new Labour Policy
to be followed up by the necessary enactments quite sometimes after is
almost as old as 1969 when the then Martial Law regime announced its new
policy. The disadvantage of this procedure is that in the interregnums
the machinery of law under the old scheme comes to a dead stock. Some
such thing has happened this time also with the Labour Appellate
Tribunal and the Labour Courts. This is also because the machinery of
Labour Appellate Tribunal is proposed to be abolished by the