"The current level of commerce
within the Muslim countries hovers around just 10-12 percent - we need to step
it up and complement each other's economies for sustainable development of our
(President General Pervez Musharraf
"The database will provide easily
accessible information on measuring progress on poverty reduction in Pakistan
that will be a valuable resource for development practitioners, researchers,
students, donors, the media and Pakistangovernment."
(Asian Development Bank's Country
Director Peter Fedon said.)
The Pakistan Resident Mission's (PRM)
Poverty Group has compiled a user-friendly Pakistan-specific Poverty Database.
"We will be fully engaged in
serious negotiations. We will aim to ratchet up the extent and quality of our
convergence, and set the platform for the next stage of our preparation towards
the conclusion of the (Doha) Round by the end of 2006," Hong Kong Secretary
for Commerce John Tsang said to the 148 WTO members.
China will work together with Pakistan
and other regional countries to protect the interests of the developing nations.
"There is no possibility of any
surprising changes in the development objectives in the Saudi economic
(Saudi British Bank said in a report.)
The report has estimated that the Saudi
government revenues would increase by 40 per cent this year to 520 billion Saudi
riyals compared to 393 billion riyals last year.
"The conference revolves around
six themes instead of one overarching central one discussing women's and gender
issues in several contexts to try to make sense of the international system, the
opportunities and challenges presented by WTO, poverty and child labour,
livelihoods and security as well as people's rights and issues of peace at the
national, regional and international levels."
(Sustainable Development and Policy
Institute's Chairperson Saba Gul Khattak said.)
"Receiving the Alcan Prize is not
only a very welcome source of new funds at a critical time; it is also a vote of
confidence in our work from some of the world's leading proponents of
(Aga Khan Planning and Building
Service, Pakistan, Vice-Chairman Salim Rajan said.)
"An efficient transport network
plays an important role in the socio-economic development of the country.
Strengthening Pakistan's infrastructure is, therefore, a basic imperative for
sustaining the growth momentum."
(Ambassador of Japan to Pakistan,
Nobuaki Tanaka, said.)
"You (Prime Minister Aziz) have
been brave and shown willingness to implement the economic reforms and we are
now seeing the results."
(Norwegian Prime Minister Jens
"Its current stratospheric
performance is a combination of three factors strong fundamentals, a rampant
commodities sector, with most base and all precious metals at multi-year or
all-time highs, and massive investor interest led by the Japanese."
(Paul Merrick of RBC Capital Markets
"Let me give you a concrete
example - you might say, literally concrete. The Lahore-Karachi corridor, which
links Pakistan's major ports in the south with major cities in the north, is the
country's lifeline. Ports, roadways and railway along this corridor handle 95
percent of external trade. But poor services and road conditions are doubling
travel times. Costs of transport insurance and related services are three to
four times higher than in Europe. Long and cumbersome customs procedures have
encouraged bribe giving."
(World Bank President Paul Wolfowitz
stated this in his address to the National Press Club, Washington)
"Dr Shamshad Akhtar has vast
experience of financial sector as she was serving in Asian Development Bank as
Manager of Financial Sector and Industrial Division East. He said during her
tenure, she had absolute liaison with the LCCI, which showed her keen interest
in the betterment of country's economy."
(Convener LCCI Standing Committee on
Banking Noman Kabir has said.)
"We will provide more than three
billion dollars in security, economic, and development assistance to enhance
counter-terrorism capacity and promote continued reform, including education
system," says a fact sheet, issued by the White House.
"The Islamic Development Bank will
start studies on the fund, as to other programmes of the plan, they will require
a longer time to be implemented."
(Secretary General of the 57-member
Organization of the Islamic Conference (OIC) Ekmeluddin Ihsanoglu said.)
"Things are moving in the right
direction as far as National Investment Trust's sell-off is concerned and we are
confident to make NIT a success story within shortest possible time," said
an official source.
"The rupee-dollar parity was the
main factor in yesteryears as one dollar in 1980 was equal to Rs15-16 as
compared to Rs60 these days. It means that our currency suffered a major loss
against the greenback," owner of Almas Gem and Jewellers Saeed Mazhar Ali