Dec 08 - 14, 2003  
ISSUE # 49  

Pakistan and China have always enjoyed extremely cordial relations in the past. China has always given economic support to Pakistan for aimed at addressing the basic economic issues. Currently, when Pakistan was in dire need to develop a strong base for producing electricity at affordable price, China has extended a strong supporting hand to achieve the desired targets for producing cheaper electricity in Pakistan. In this respect, cooperation in developing coal-fired power plants at Thar and Nuclear Power Plants at Chashma are the project which can pave way for Pakistan to overcome the issue of formidably expensive electricity in Pakistan.





The competition for passenger air traffic is about to heat up once again for the benefit of domestic travelers with the granting of licenses to two new commercial airlines by the Civil Aviation Authority. Once again because four private airlines Bhoja, Hajvery, Safe and Raji wrapped up their operations years ago leaving the market open to the remaining operators the national flag carrier Pakistan International Airlines (PIA) and two smaller private operators, Shaheen Air International and Aero Asia.


Through a recent amendment the central bank has defined new limits to the exposure of commercial banks in the shares of listed companies. The banks have been given a time frame to bring their investment to the required level. The bank also indicated towards redressal on case to case basis. However, the market had over reacted, which led to erosion of the KSE-100 index for the time being.