Compiled by Syed Mujtaba Zafar
June 13 - 19, 2005




>>"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 year."

(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 speech)

>>"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 items."

(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 institutions."

(HSBC's Islamic Financial services arm HSBC Amanah said)

>>"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 saying)



>>"China's economic and foreign exchange policies are on course to achieve the targets set by the authorities."

(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 quotas."

(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 interview)

>>"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)