INDUSTRY

 

Dec 23  - 29 , 2002

 

1.INTERNATIONAL

2. INDUSTRY

3. FINANCE

4. POLICY

5. TRADE

6. GULF

 

AUTOMOBILE INDUSTRY TO INCREASE OUTPUT

Industries and Production Minister Liaquat Ali Jatoi said here on Thursday that automobile industry has promised to increase its production to meet the increasing demand of cars.
"I have been assured by the concerned people in automobile industry that they will increase the production even if they have to work in double shifts," he added.

 

Briefing newsmen, he said he had a detailed meeting with the members of a delegation comprised the representatives of automobile industry of Pakistan. It was a high-level meeting in which the representatives of all major automobile companies of the country, including Toyota Indus Motors, Honda Atlas Motors, Suzuki Motors, Dewan Farooq Hyundai Motors, Raja Group and Gandhara Nissan Motors were present. He said members of the delegation apprised him of their problems and concerns.

"Our first target is to attract more investment in the industrial sector, local as well as foreign investment. This increased industrialization will lead to more direct and indirect jobs, thus improving the overall economic situation of the country," he said.

He said he had assured the representatives of automobile industry that healthy policies were being formulated by his ministry to improve the investment climate.

The minister said automobile industry was contributing a lot towards the overall betterment of the country's economy by creating opportunities of employment, support business and contribution towards national exchequer, which the government realized and appreciated.

He said there were many problems faced by the consumers to acquire new vehicles from the industry. "The major problem is high prices of the vehicles and delay in delivery of the vehicles."

PILOT PROJECT YIELDS POSITIVE RESULTS

The palm oil plantation project run by the Pakistan Oilseed Development Board (PODB) on trial basis in coastal area of Sindh has yielded positive results.

These results in terms of quantity and quality of oil extracted from these trees, an expert remarked, were sufficiently encouraging to extend the project with the aim to realise the optimal potential of 700-mile long coastal area of Pakistan where oil palm can be planted.

The country, he pointed out, had already spent $ 225 million on import of palm oil during the current financial year. This burden on limited foreign exchange resources could be minimised within the foreseeable future if the experiment initiated in 1996 was taken to its logical conclusion.

SUGARCANE PRICE FIXED AT RS43

Industries and Production Minister Liaquat Ali Jatoi announced on Tuesday sugarcane price had been fixed at Rs43 per 40 kilograms in Sindh for the current season.

He was addressing a press conference along with representatives of sugarcane growers and mills owners at PIDC House. He said that both sugarcane growers and Pakistan Sugar Mills Association, Sindh zone, had agreed on this price and they would begin crushing very soon.

The minister said problems of sugar mills, including the surplus commodity, would be solved on priority basis and the government would allow the export subsidy to them.

POVERTY REDUCTION

Prime Minister's Adviser on Finance Shaukat Aziz said the government has formulated new rural finance support programme aimed at poverty reduction and self-reliance in commodities.

IRAN, PAKISTAN TO SET UP REFINERY

Pakistan and Iran are setting up a joint venture refinery near Karachi, at Hub in Balochistan. An agreement in this regard is to be signed at the end of this month when Iranian President Mohammad Khatami visits Pakistan, authoritative sources told Dawn on Wednesday.

A draft of the proposed agreement has been reportedly prepared by the petroleum and natural resources ministry, which Pakistan's foreign ministry has dispatched to Tehran seeking Iranian foreign ministry's prior concurrence before being signed in presence of the top leaders of the two countries.

PCGA THREATENS TO STOP COMPILING

Pakistan Cotton Ginners Association (PCGA) has threatened to stop compiling fortnightly arrival figures of phutti into the ginneries as All Pakistan Textile Mills Association (Aptma) has refused to help in collection of these figures.

Despite repeated reminders, telephonic message, the PCGA chairman claims, the Aptma bosses are not inclined to pay the agreed amount of Rs0.1 million per annum, although four months have passed since the new cotton season began.

BEIJING WILLING FOR MORE IT PROJECTS

Pakistan and China agreed to enhance cooperation in various areas of IT industry and to start some joint ventures in software development, setting up of IT Parks, IT enabled services including call centres, online accountancy and web development services.

The decisions to this effect were made at a meeting held here between Ministry of IT and Telecommunications and the nine-member visiting delegation of Chinese Software Industry Association (CSIA) led by Chen Chong, president, China Software Industry Association.

SUBSIDY FOR MAJOR CROPS TO CONTINUE: RIND

Federal Minister for Food and Agriculture Yar Muhammad Rind on Monday said government subsidy for the major crops would continue despite pressure of the donor agencies.

While talking to APP after inaugurating 23rd session of FAO Commission for controlling the desert locusts in Southwest Asia here on Monday at local hotel. He said ongoing farmer-friendly policies would not only continue but these would be made more beneficial for the growers.