Jan 03 - 09, 2005 
ISSUE # 01 

Achieving above US$ 12 billion exports should not be the source of complacency. The next target Pakistan has to achieve is doubling its exports over the next five years. Keeping in view the track record and Pakistan's real potential, the target cannot be termed ambitious. However, the government, being the largest stakeholder has to do the most. The entrepreneurs do not need extra incentives but realistic and pragmatic policies with a strong commitment to follow those in letter and spirit.

Both the major donor agencies, the International Monetary Fund (IMF) and the Asian Development Bank (ADB) in their latest report on Pakistan's economy released last week, while generally appreciating the growth rate, have pointed out some weakness and negatives in some sectors cautioning the economic managers of the country to take immediate remedial measures.



Prime Minister Shaukat Aziz recently inaugurated the second phase of Progas Pakistan Limited, which are Pakistan's first fully integrated LPG Company and the largest in terms of investment in the LPG sector. The $39 million project is being constructed at the strategic location of Port Qasim. Progas is a 100% foreign-owned company, created as a Joint Venture company of KUB Malaysia Berhad and Sterling Ventures International Limited, U.K.