"This would benefit both the
countries and the people would gain from increased economic activity."
(Prime Minister Shaukat Aziz said.)
There is a vast opportunity for the
Iranian investors to invest in Pakistan. The Prime Minister was talking to
Iranian Foreign Minister Manouchehr Mottaki at the PM House.
"Pakistan exports have grown at an
annual rate of nearly 10 percent since 1970, with exports as a percentage of GDP
almost tripling, to more than 20 percent between 1970 and 2003."
(First Deputy Managing Director, IMF,
Anne O Krueger said.)
"We have the financial resources
and will put them to use for the uplift of the people of Balochistan, so
opposition to development is absolutely unjustified. You should be rest assured
that all resources of the province will be utilized for your well being, so do
not pay any heed to the elements who are indulged in utterly baseless
(President General Pervez Musharraf
President also announced a series of Rs
1.5 billion development projects for Kohlu district. He is the first head of the
state to visit Kohlu in the last quarter of a century.
"If exporters from rich countries
pay 1 to 2 percent tariffs on their exports, why exporters from developing
countries have to pay many times more. It is special and differential treatment
for exporters from the rich countries."
(Commerce Minister Humayun Akhtar
He was addressing the preliminary
session of the Sixth WTO Ministerial Conference.
"There are various merger and
acquisition options that we can and will explore," Frans van Houten, chief
executive of Philips Semiconductors said.
Dutch Philips Electronics will consider
merger and acquisition options for its semiconductor business, which will be
organized under a separate legal structure.
"His group intended to invest $1.3
billion for establishing 1200mw power plant on Built-Operate-Own (BOO) basis
with the PPIB; to lay down 470km white oil pipeline extension from
Gwadar-Lahore-Rawalpindi-Peshawar; to avail opportunities in industry and
tourism sectors; industrial estate in Gwadar and housing projects in
(Dr Jawad A. Anani expressed his
interest to the minister.)
A leading Jordanian investors group led
by Dr Jawad A. Anani of Shaheen Business and Investment Group expressed these
views in a meeting with Privatization Minister Dr Abdul Hafeez Shaikh.)
"The project aims to quickly
reverse the devastating impact of the earthquake and revive economic activity to
enable people to resume their livelihoods and return to normal life," Asian
Development Bank senior transport specialist Fernando Garcia said.
"In addition to China's new
automobile policy that encourages the use of hybrid vehicles, the introduction
of emission regulations on par with those in Europe and the United States is
also moving forward."
(Toyota statement quoted Executive Vice
President Yoshimi Inaba as saying during a ceremony at the plant in Changchun,
"After the provincial government
decision the miners will get compensation for accidental deaths and will receive
grants for marriages, child education and construction of houses."
(The NWFP Minister for Industries Malik
Zafar Azam said.)
"The Cabinet Committee on Economic
Affairs (CCEA) has approved the purchase of aircraft for Air-India subject to
one final round of price negotiations by Empowered Group of Ministers (EGOM),"
Civil Aviation Minister Praful Patel said.
"If this shift does not occur
based on current growth trends, foreign exchange reserves could top $1 trillion
by the end of next year."
(Ba Shusong, vice-head of the financial
research institute at the cabinet's Development Research Centre said.)
China's foreign exchange reserves could
exceed $1 trillion by the end of 2006.
"The Bundebank of course has
independence and sovereignty over its gold reserves."
(Steffen Kampeter, budget expert in the
conservative Christian Democratic Union said.)
Kampeter said that it alone should be
able to decide if it exercised its option to sell gold under the central banks'
"Pilkington has considered the
revised proposal and has informed NSG that the pre-conditions are unacceptable
and the price still falls short of a level which it would be prepared to
(The company said in a statement.)
British glass maker Pilkington Plc
rejected a revised 158 pence per share bid worth 2.08 billion pounds ($3.69
billion) from Japan's Nippon Sheet Glass Co Ltd .