>>"Had the unit values of exports remained
at the last year's level, the exports growth would have been 17.4%
instead of 14.6% as recorded in the first month of current fiscal
(According to economic survey 2004-05)
>>"The freedom from IMF dictation and
reaching at a growth rate of 8.4% is a part of our decisive struggle
whose objective is the welfare of the people of Pakistan and making the
sovereignty of Pakistan absolute."
>>"Budget was encouraging for business
sector, as a number of relief packages have been announced for the
business community particularly reduction in duty on various
(ICCI President, Arif Sadiq commented on budget)
>>"A fairly liquid interbank money market
allowed Badla financier an opportunity to finance leveraged positions
with a relative ease."
(A leading Brokerage Research House analyst claimed)
>>"HSBC has launched a real estate
investment fund worth upto 200 million dollars for rich individuals and
(HSBC's Islamic Financial services arm HSBC Amanah
>>"Eurozone indicators to be released this
week will show German and French industrial activity remained subdued in
April, bolstering evidence of a slow down in economic growth, while
British data will also highlight a cooling economy."
(According to experts)
>>"No steps has been taken to control the
prices of essential items besides, the government has not come out with
a clear policy how it will tackle the rising joblessness."
(Alliance of market association chairman Atiq Mir
quoted as saying)
>>"The convertible bonds valued at Dh800
millions issued to four strategic partners last years will be converted
to 93 million shares, taking our equity to Dh6.8 billion, the largest
equity among UAE banks"
(Abdul Hamid Saeed, Chief Executive, FGB, quoted as
>>"China's economic and foreign exchange
policies are on course to achieve the targets set by the
(Chinese Finance Minister Jin Renqing said)
>>"An increase in the Organization of the
Petroleum Exporting Countries (OPEC) production ceiling would not affect
actual output because members are already pumping in excess of official
(OPEC President Sheikh Ahmed Al-Fahad Al-Saba of
Kuwait quoted as saying)
>>"The pace of rapid economic growth in
agriculture sector can be gauged by the fact that during 2004-05, the
sector acquired agriculture loans worth Rs100 billions."
(Minister of State for Finance, Omar Ayub Khan said
during budget speech)
>>"China's foreign debt rose more than two
percent to $233.4 billion in the first three months of the year."
(State media quoting official figures)
>>"The Cabinet Committee on Privatization
(CCoP) approved the highest bid of Rs16.415 billion received from Attock
Oil Group for National Refinery Limited."
(Sources quoted as saying in local daily)
>>"Efforts are being made to broaden the
tax base in the country."
(Expressed CBR Chairman, Yousuf Abdullah)
>>"Ford has been deliberate in its pace of
growth for good reasons — the company worldwide has been through a
rough patch in the North American market, so it was a difficult time to
look at making new investment elsewhere."
(David Friedman, Ford managing director said in an
>>"Hardly Rs300 to Rs400 could be added
after current increase, while the expenditures is increasing more than
Rs1000 every year due to continuos consumer price hike."
(A school teacher commented on budget 2005-06)