POLICY

 

Dec 23  - 29 , 2002

 

1.INTERNATIONAL

2. INDUSTRY

3. FINANCE

4. POLICY

5. TRADE

6. GULF

 

PM TO GET VOTE OF TRUST ON 30TH

Prime Minister Mir Zafarullah Khan Jamali said here on Wednesday that his government as well as the four provincial governments would complete five-year terms by setting an example of serving people with dedication and hard work.

 

Speaking to the members of the National Assembly belonging to the ruling Pakistan Muslim League-Q and allied parties at the prime minister's house, the premier expressed the hope that all the four provincial governments would also prove their capabilities by giving their people good governance.

Earlier, the coalition parliamentary group unanimously decided that the prime minister take the vote of confidence from the special session of the National Assembly on Dec 30, before he leaves for Saudi Arabia for performing Umra.

Jamali, it may be recalled, was elected to the chief executive office on Nov. 21 last by a thin margin of one vote by polling 172 in the House of 342.

The parliamentary party meeting was convened at the time when the PML-Q had decided to move a no-confidence motion against party president Mian Mohammad Azhar but the decision was later rescinded as a result of high-level intervention on Wednesday.

The prime minister thanked the MNAs who had reposed confidence in his leadership and were again ready to participate in the vote of confidence.

Jamali assured them that his government would focus special attention on the uplift of far-flung areas of the country by improving the infrastructure facilities as a first step.

OIL AND GAS SECTOR REFORMS TO CONTINUE

Petroleum Minister Nauraiz Shakoor on Thursday held out a firm assurance to the investors on continuing with the policies of restructuring and reforms in the petroleum sector aimed at minimizing government interference.

"Our Government is committed to ensuring continuity of the policies of restructuring and reform in the petroleum sector, so efficiently undertaken by the previous government," he told an international workshop.

These policies, he stated, targeted at improving energy availability, accessibility and affordability.

"Restructuring and Reform in Oil and Gas Sectors Consultation Workshop with Stakeholders" was organized by the Petroleum Ministry in collaboration with the World Bank.

WATER PLAN TO HELP BOOST ECONOMY: MUSHARRAF

President Gen Pervez Musharraf on Saturday said that a massive programme of developing water resources undertaken over the past two years would add 5.2 million acre feet of water to the existing capacity and help alleviate poverty and boost the country's agro-based economy.

"I am fully convinced that in addressing poverty, unemployment and simultaneously to give boost to our agro-based economy, we have to take water to the people where they need it most," the president said while inaugurating the three-day international conference on water management.

MOOT ON INVESTMENT

Prime Minister's Adviser on Investment and Privatization Dr. Abdul Hafeez Shaikh signed on Thursday a Memorandum of Understanding (MoU) with E-Commerce Gateway, Singapore for arranging an international conference on investment and privatization in Muslim countries.

SINGAPORE TRADE TEAM

A trade mission of Singapore will visit Pakistan from January 12 to 17, 2003, to offer display and warehouse facilities to Pakistani exporters in Singapore.

ICAP TEAM MEETS SBP GOVERNOR

The Governor, State Bank of Pakistan, Dr. Ishrat Husain, has suggested to the Institute of Chartered Accountants of Pakistan (ICAP) that the institute's consultative role to the SBP be formalized, and proper terms of reference agreed upon.

WORLD BANK FOR EXPORT-LED GROWTH POLICY

The World Bank has asked Pakistan to adopt export-led growth policy for economic turnaround and seek foreign investment in dynamic and productive sectors instead of mega infrastructure projects.

The advice was conveyed to Minister for Commerce Humayun Akhtar Khan by Dr. Pervez Hassan, who is currently leading a World Bank mission to Pakistan.

Dr. Pervez Hassan was head of a special task force on debt management but his recommendations approved by the Federal Cabinet early last year could not be implemented as yet. He figured out governance problems in the revenue collection side.

ROCCA TO HAND OVER $ 4.5M EQUIPMENT

Christina Rocca, the US Assistant Secretary of State for South Asia is scheduled to visit the interior ministry where she will hand over "communication equipment" to Pakistani authorities, official source said.

Ms Rocca will hand over the $4.5-million-communication equipment to Interior Minister Faisal Saleh Hayat. .

LENDING RISKS AND AFFORDABLE LOANS

Lenders want bankable projects and borrowers want affordable loans. And the enabling environment, particularly policy package of incentives for a kick-start for any sluggish business activity, has to be provided by the government.

The market-based housing finance has yet to take off with house-building finance agencies operating on the periphery of the financial market. But housing finance can become mainstream banking activity with the official support.

MICROSOFT, FAUJI SIGN AGREEMENT

Microsoft Pakistan and Fauji Foundation on Saturday signed an enterprise agreement embarking upon a relationship that will help Fauji Foundation institutions to introduce new and innovative technology concepts in the organization.

According to a statement, Ms Shaheen Hussain, GM Information Technology, Fauji Foundation, and Jawwad Rehman, Country Manager, Microsoft Pakistan, signed the agreement.