>>"It is our vested interest to improve
the power generation and supply in the city and make our living
comfortable and contribute to enhancement in industrial and commercial
(Farooq Hassan, spokesman for Hassan Associates)
---After reported retreat by Al-Qanoos of Saudi
Arabia, the Privatization Commission has invited Hassan Associates, the
second highest bidder for the privatization of KESC, for re-negotiations
on a fresh deal for the sale of KESC. The meeting between privatisation
commission and the Hassan Associates is due on June 27.
>>"PTCL's privatization was in Pakistan's
interest and hopefully the transparent bidding process would also help
the government alleviate poverty."
(Privatization Minister, Hafeez Sheikh)
-- 26% shares of PTCL were sold at a price of $2.59
billion to 'Etisalat' on 18th June.
>>"The weaker euro this year should help
stabilize leading indicators over the summer, and falling expectations
for an ECB (European Central Bank) rate cut should help stabilize the
(New York-based Bank of America's strategist Robert
>>"If the items did not arrive on time,
there would be no increase in inflation because the government had been
able to bring the inflation rate down through sound management."
(Dr Ashfaq Hassan Khan, Economic Adviser to the
Ministry of Finance)
>>"The cement prices might increase, as
the government had not reduced the central excise duty for the second
consecutive year despite a clear-cut commitment."
(APCMA Chairman, Tariq Saeed Saigol)
----Cement industry is running at 100% capacity
utilization due to robust demand growth in domestic and export
>>"Our negotiations with Chinese side
proved very productive and encouraging to introduce the Pakistani rice
in the local market as soon as possible."
(Shahid Mahmood, Commercial Counselor in Pakistan
>>"The substantial increase in FDI was an
indicator on investors' confidence and change of perception about
Pakistan at the international level."
(Waseem Haqqie, Chairman of the Board of Investment)
---The foreign direct investment in Pakistan crossed
$1 billion mark during the first 11 months of the current fiscal year,
showing an increase of 14 percent over the same period last year.
>>"OPEC is just trying to take the market
down and give the impression of more actual supplies."
(Craig Pennington, Head Energy Analyst at Schroders
Plc in London)
>>"The official inflation rate in India is
just a statistics with no connection to the underlying real trend."
(Morgan Stanley Economist, Chetan Ahya)
>>"Enormous call tariff existed in
Pakistan, Saudi Arabia and UAE. Etisalat is present in all three
countries. It is hoped that rates in these countries could be
(Chief Executive, Etisalat International, Obaid Saeed
---The UAE company outbid various rival companies by
winning 26 percent stakes and management rights of PTCL.
>>"Rs155.158 billion proceeds of 26
percent shares of PTCL would not be utilized for social sector and
development but for reducing the fiscal deficit as well as bank
(Prime Minister Shaukat Aziz)
>>"Every year there are conflicting
reports from different quarters about the size and quality of mango
crop. This year, despite some sections expressed their concern, so far
there is nothing to suggest any major deviation in terms of size of the
(PHDEB Chief Operating Officer, Mohammad Iqbal)
---The export of mango this season is likely to fall
by 15 percent because of low production due to virus attacks.
>>"The Doha development agenda will be the
basis for future trade and it will settle pending implementation issues
and may add new dimensions of the obligations."
(Former FPCCI Vice-president Engineer M.A. Jabbar)
>>"We think the price received by
government reflects true value of the company and all stake holders
would benefit from the transaction."
(Prime Minister Shaukat Aziz)
>>"Pakistan is trying to increase the
outreach of micro financing to three million people in five years from
the existing one million."
(Tawfiq.A.Hussain, Deputy Governor of the State Bank)
>>"World-wide cereal output is expected to
decline 2.8 percent this year from record levels in 2004 in response to
decrease in the United States and Europe."
(United Nations, Food and Agriculture Organization)
>>"The importers will be allowed to import
sugar and other food items through any route - land , sea or air."
(Adviser to Prime Minister, Dr. Salman Shah)
federal government has allowed import of essential food items to control
rising prices in the country."
(Daily Dawn, 23rd June)