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Title 53.jpg (32528 bytes)The economic profile of Pakistan seems emerging on sound foundations at the end of the year 2001, despite the fact that the country has to pass through extra-ordinary circumstances due to unusual political and economic ups and downs around the globe in general and in this region in particular.
During the year, the economy gained an unprecedented height in terms of foreign exchange reserves fast approaching to $5 billion, successful debt rescheduling and enhanced accessibility to the world market altogether seem to have taken out the national economy from a suffocative atmosphere.


SHIPPING POLICY
The Pakistan Merchant Marine Policy announced by the government has seemed to attract a group of expatriates to invest in the shipping sector with local participation. However, the potential investors have a few concerns which are highlighted by the PAGE.


NEW GAS TARIFF FORMULA
The gas tariff calculation will be based on heating value (BTU) rather than on volume basis. The beauty of this change is that despite a lower tariff paid by the industrial consumers, in case of lower BTU value, profitability of Sui Twins will not be affected. The rate of return formula fixed by the GoP ensures 17 per cent return on their average net operating assets.


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