"Our people have the
ingenuity, resilience and resolve to transform challenges into
(Prime Minister of Pakistan
Shaukat Aziz said in the launching ceremony of Millennium Development
Goals Report 2005)
He outlined Pakistan's
commitment to achieve the Millennium Development Goals, saying main
emphasis was on poverty alleviation, creation of jobs, promoting
education and health facilities.
"Pakistan has suffered a
disaster as serious as the tsunami which shook the world at the
beginning of the year. It's not an easy job to get to the people. You
can't just send in a helicopter on a whim...This is not something we
can transform overnight."
(Cherie Blair, wife of
British Prime Minister Tony Blair, said in a meeting with Pakistan's
High Commissioner Maleeha Lodhi.)
Britain has granted trade
concessions to Pakistan to help it recover from the October 8
earthquake disaster that inflicted damages of billions of dollars,
Pakistan's High Commissioner Maleeha Lodhi said. "We are hopeful
that the European Union will respond and help Pakistan trade its way
through the crisis.
"The Sensitive Price
Indicator (SPI) for the week ended on November 10 for the lowest
income group up to Rs 3000 has registered 0.48 percent increase over
the previous week," according to the Federal Bureau of Statistics
The SPI for the week under
review in the above mentioned group was recorded at 135.24 as against
134.60 recorded in the previous week. The weekly SPI has been computed
with base 2000-2001=100 covering 17 urban centers and 53 essential
items for all income groups and combined.
The First Pakistan Industry
Conference will be held in Karachi from December 2 to 3 this year.
(The conference is being
organized by the Mediators Conferences and is supported by Board of
Investment and SITE Association of Industry, Karachi.)
The two-day conference will
have five sessions to deliberate issues such as meeting energy demand
of the growing industry, capacity building of SMEs to back up large
scale manufacturers, bridging the human resource gap, building
communications network to support the industrial growth, monetary and
fiscal policy for industrial growth and investing in the next
generation of industries.
Jos Van Hulten was highly
impressed of the potential of SMEs in Pakistan, which possessed a
number of business opportunities for Dutch SMEs.
International Trade Manager Jos Van Hulten exchanged a number of ideas
at a meeting with a team of Smeda experts.)
According to the government's
figures, as of November 3 at least 73000 people were killed in the
NWFP and AJK with 3.5 million persons displaced and an estimated 1.6
million persons without adequate food. World Bank has transferred $200
million to Pakistan for the relief operation.
"China is planning to
heavily invest in manufacturing sector as there are business
opportunities due to farsighted economic policies and resource team
availability with good skills."
(SVA Group Chairman XU Weihu
said this at a meeting with Minister for Industries and Production
Jahangir Khan Tareen.)
The Chinese company Shanghai
Video Audio Group (SVA-Group) is initiating a joint venture with Ruba
Group with the name of M/s SVA-Ruba Electronic Company aimed at making
Pakistan export base for electronic products.
"Increase in trade
deficit is actually a vote of confidence for the economy as, with the
new industrial units in place in the coming years, exports of the
country are bound to grow; and there is no reason that exports would
touch $35 billion figure by 2010."
(Export Promotion Bureau
Chairman Tariq Ikram has said.)
Imports of machinery, raw
material and the fast going up international oil prices were the
biggest contributors in this regard. There is nothing 'negative' in
the increase in trade deficit, as it is going up on account of
'productive activity' on the economic front.
"The central scenario in
this forecast paints a picture of high global economic growth, a
holding up momentum in world trade growth and a return to potential
growth in the Euro area and the EU as a result of a strengthening of
domestic demand," the European Commission said.
Lower unemployment and
increased investment would drive the rise in domestic demand, the
surge in oil prices also made the Commission revise upwards its
inflation projections for this year and next. But the trend was still
a falling one - slowing from 2.3 percent in 2005 to 2.2 percent in
2006 and 1.8 percent in 2007.
"More concerted and
sector specific efforts were needed to promote bilateral trade between
Pakistan and Canada," the Canadian High Commissioner suggested to
the Lahore Chamber of Commerce and Industry (LCCI).
Vice President to arrange a
delegation of top Pakistani businessmen to have first hand knowledge
about the Canadian business atmosphere, as exchange of trade
delegation and exhibitions were the most effective tool to increase
the level of bilateral trade.