AUTO INDUSTRY

Jan 31 - Feb 06, 2005 
ISSUE # 05 

The auto industry in fact needs a direction to achieve motorization level within the country as the first step and to grab the market share available in the Central Asian States and Africa in the second phase. So far, Pakistan's economy has to heavily rely on cotton and textile and despite efforts made to diversify our economy by the governments in the past, cotton textile continues to enjoy the status of the mainstay of the economy. The auto sector has emerged as a high profile economic contributor after remaining idle for over a decade.

KSE TOUCHING NEW HIGHS

 

 

During the calendar year 2004, the KSE-100 index recorded a gain of 1,747 points. The index comfortably crossed 6,200 level and closed at 6,218 on the last trading day of the year. Many analysts predict a similar behavior of the market during 2005. While some analysts are too optimistic, others also hint towards factors, which could possibly affect or at least contain unabated upward move of the index. However, the market has been ignoring all the apprehensions.

GAS PIPELINE PROJECTS ARE VITAL
The Asian Development Bank (ADB) has strongly recommended to the Government of Pakistan to start work immediately either on Turkmenistan-Afghanistan-Pakistan (TAP) or Iran-Pakistan-India gas pipelines projects in view of possible gas shortage, which might consequently become acute by 2008-09.

 

 

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