"All contributions would be
accounted for and the government would update the website regularly. This will
certainly encourage confidence among all sponsors, including Pakistani
expatriates and foreign countries, donors, organizations and individuals."
(President Pervez Musharraf said in a
"The current account deficit was
very disappointing, what we hadn't factored in was the greater outflow due to
overseas earnings in the UK."
(Chief Economist at Investec, Philip
"At present the city needs 2200 mw
power whereas the production is only 1700 mw. We will generate more electricity
by March 2006 and then there will be no shortage."
(Sindh Governor Dr Ishratul Ibad Khan
"It shows continued export
expansion, and that's another positive on top of the domestic economic recovery
that's already taking place,"
(Chief Economist at Macquarie
Securities Japan Richard Jerram said.)
"The investment climate is
extremely conducive and corporate profits are all time high. Our economic
philosophy is based on deregulation, liberalization and privatization along with
consistency, continuity and transparency of policies."
(Prime Minister Shaukat Aziz said.)
"For investors to invest funds in
bills which offer return of 8.75 percent is an ideal opportunity. If discount
rate stays at 9 percent, you are unlikely to lose money".
(A money market dealer of local bank
"I predict that exports will be
somewhere around $73 billion. The normal programme target was only $71
(Foreign Trade Minister Kursad Tuzmen
Turkey's exports are projected to be
around $73 billion and imports $118 billion-$120 billion at the end of 2005.
"Farmers in Punjab are even asking
Rs 80 to 100 for 40 kg of cane. All millers have decided to stop production as
we cannot run mills on such a high cane price. The government should accept our
offer if it wants to keep domestic prices at Rs 25 to Rs 26 (per kg)
(Chairman of the Pakistan Sugar Mills
Association, Zaka Ashraf, said.)
"This Vision Document has
coincided with the momentous resolutions issued during the last Islamic summit
in Makkah which accentuated the IDB's role and called for promoting its tools
and enhancing its cooperation programmes."
(Islamic Development Bank's President,
Dr Ahmad Mohammad Ali, said.)
He thanks to the chairman and members
of the Commission for their importunate hard work in the last few months which
resulted in that "noble document" and clear vision that will cause the
bank's inspiration up to 2020.
"In South Asia region we lack
effective network and governance. We need to pool our resources and to form
think tanks to deliberate on proper utilization of public resources and to
(Dr Abdul Hafeez Shaikh, Federal
Minister for Privatization and Investment, said.)
"We're going to come in at about
$40 billion of exports this year. I'd say there's upward of 20 to 25 percent of
additional US exports to China that could take place if those barriers were
removed, if there was open market access."
(US Under Secretary of Commerce for
International Trade, Franklin Lavin, said.)
"Overall orders have been firmer
in recent months as eurozone manufacturers have benefited from the softer euro
and relatively healthy global growth."
(Economist at Global Insight, Howard
"We will remain focused on
non-resident Indians (NRIs) in the Gulf and Indian-oriented business for the
next 12 to 18 months. The Dubai International Financial Centre (DIFC) office is
a significant move in our international operations. We've to see what more we
can do from Dubai."
(Managing Director K.V. Kamathc said.)
"Poverty and inequality are
closely linked; so, there is need to devise a new poverty reduction strategy
with focus on re-distributive policies, while the country has also made
commitment to attain Millennium Development Goals, economic policies need to be
expansionary, besides focus on growth with equity. Fiscal policies should be
focussed on scaling up public investment, financial policies geared to
channeling more resources to productive private investment and monetary policies
to target real economic variables."
(Talat Anwar, a UNDP economist, said in
his paper on Prevalence of relative poverty in Pakistan.)
"Everyone who is eligible accepted
the offer, but only 60 percent of the claims were given the offer, and that
means 40 percent is unreconciled."
(Chief strategist at the Argo fund
management group in London, Richard Segal, said.)