Pakistan to hold two investment conferences in China
BEIJING
(September 23 2008)
In order to lure Chinese investors, Pakistan is scheduled to hold two investment conferences in the month of November this year. These conferences are part of Pakistan government's efforts to attract FDI from China in terms of latest policy initiative of Chinese government to invest abroad as per policy of diversification of investment and business, said Economic Minister at Pakistan Embassy, Sardar Aminullah Khan while talking to APP on Monday.
He said the first Pakistan-China Investment Conference will be organised by the Investment Division of Board of Investment on November 17. The second such conference will be held in Shanghai on November 19, he added. He pointed out that conferences are likely to be attended by businessmen of both the countries interested in making investment in different sectors of power generation, mining, manufacturing and infrastructure.
Aminullah further said Pakistan is one of the attractive places for Chinese investors in view of most cordial relations between the two countries, besides geographic proximity, resource endowment of Pakistan and complementary in large economic fields.
Copyright Associated Press of Pakistan, 2008
Pakistan and India agree to Kashmir border trade route
NEW DELHI
(September 23 2008)
India and Pakistan agreed on arrangements to open a border route for bilateral trade in disputed Kashmir, a joint panel said on Monday. "We have finalised the arrangement, the trade list and the modalities," Aizaz Ahmed Choudhary, a senior foreign ministry official leading a Pakistan delegation, said in New Delhi. "We will go back to our respective governments, it is for them to decide," he said after talks with Indian officials.
THE JOINT PANEL SAID THEY WERE HAPPY TO OPEN THE SRINAGAR-MUZAFFARABAD HIGHWAY TO TRADE, BUT DID NOT SPELL OUT DETAILS:
A joint working group comprising senior government officials from both countries held talks on starting border trade in Kashmir following unrest in held Jammu and Kashmir state over a planned government land transfer to Hindu pilgrims.
Last month, Hindus in occupied Jammu region cut off supplies to the mountainous Kashmir area after the government backed out of its promise to transfer land to build shelters for Hindu pilgrims.
The dispute polarised held Kashmir, split between the Muslim-majority Kashmir valley and the Hindu-dominated region around Jammu city, severely curbing trade between the two areas. As a result, traders in Kashmir wanted to sell their goods in neighbouring Pakistan and asked the government to talk to its neighbour.
On Monday, the joint panel said they were happy to open the Srinagar-Muzaffarabad highway to trade, but did not spell out details. Officials said bilateral trade would help improve relations between the two countries.
Copyright Reuters, 2008
QIE tightens security arrangements
LAHORE
(September 23 2008)
The Quaid-e-Azam Industrial Estate (QIE), in view of current law and order situation in the country, has further tightened security arrangements in and around the largest industrial estate of the province so that the businessmen could do their business with a peace of mind.
The decision to this regard was taken at an emergent meeting at Quaid-e-Azam Industrial Estate under the chair of QIE President Mian Nauman Kabir. He said that fool proof security arrangement were being made in the industrial estate and in this regard two security gates ie at Hamdard Chowk and Denim Chowk have been completed while six barriers were also established at all the important points that would help check the movement of suspicious vehicles.
The QIE President told the meeting that the Police and QIE internal security patrolling had been expedited besides equipping them with most modern equipment. He said that the Quaid-e-Azam Industrial Estate has its own central control system that is working very efficiently to avert any untoward incident in the industrial estate that houses more than four hundred industrial units with a manpower of more than 40 thousand workers.
Meanwhile, The President QIE Mian Nauman Kabir appealed to the people belonging to all segments of the society to come forward and play their role for the betterment of law and order situation.
Copyright Business Recorder, 2008