BANKING FOR ALL

Mar 21 - Mar 27, 2005 
ISSUE # 12 

The successful implementation of the first generation banking reforms has encouraged the central bank to undertake the second generation reforms. The twin objectives are to strength the financial system in the country and extend the outreach. The reforms are yielding the results but a lot more remains to be done. The credit for successful implementation of these reforms goes to the central bank, which has been steering the process efficiently and effectively under the able guidance of Dr. Ishrat Husain.

 

 

TEXTILE
Pakistani textile sector, the mainstay of the country's 12 billion dollars exports, is ready to compete international rivals in post-January quota free regime but finding difficult breaching non-tariff barrier.
Pakistani industrialists' disregard to labour and environment laws may pose threats to its exports to European Union and the US as Pakistani consignments would highly be susceptible to disapproval after 2006 when strict laws under World Trade Organization (WTO) would be in place.

ENERGY SECTOR
The vibrant energy sector is likely to attract foreign investment well over $11 billion during the next five years in Pakistan.
The assessment regarding forthcoming investment in the energy sector was made by Liaquat Ali Khan Jatoi, Federal Minister for Water and Power in Islamabad last week.
Outlining the overall picture of the energy sector, he disclosed that besides an investment of over $3 billion, which was currently in the pipeline, the international energy players from the United States and the UK have also come up with a plan to invest dollar one billion in two different energy projects.

 

 

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