3, April 2005	Sunday	23 Safar 1426

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NFC: population criteria need to be changed KARACHI: Largest in geographical size -— 43 per cent of Pakistan — but most sparsely populated -— hardly five per cent of the country’s total population — Balochistan boasts of richest...		Govt gets 15 EoIs for PSO sell-off ISLAMABAD, April 2: The government has received 15 Expressions of Interest (EoIs) for the strategic sale of Pakistan State Oil (PSO). Addressing a press conference here on Saturday Privatization and Investment...
Task force to probe KSE index crash ISLAMABAD, April 2: A special task force headed by a retired judge of the Supreme Court will investigate the sudden crash of the KSE-100 index by more than 25 per cent...		NA body okays draft bill of investment ISLAMABAD, April 2: The National Assembly Standing Committee on Privatization on Saturday approved the draft bill of the Foreign Private Investment (Promotion and Protection) Amendment Bill 2005 to safeguard the interest...
ST risk evaluation system launched ISLAMABAD, April 2: The Central Board of Revenue (CBR) has formally launched Sales Tax Risk Evaluation and Management System (STREAMS) for speedy payment of refund through a risk assessment of refund...		Zero-rated machinery import sought ISLAMABAD, April 2: The textile industry has proposed to the government to reduce customs duty on import of textile machinery from 5 per cent to zero in the up-coming budget of...
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Why must we care? THIS special report on the province of Balochistan is meant to look at every aspect of its economy. An effort has been made to separate economics from politics, but since the...		‘Balochistan has tremendous potential’ ISLAMABAD: Prime Minister Shaukat Aziz believes that in about 10 years Balochsitan would be ahead of many parts of the country in terms of development, growth and per capita income. In...
Investment in agriculture to restore people’s confidence BALOCHISTAN covers almost 44 per cent of Pakistan’s land mass, but with a population density of hardly 20 persons per square kilometre against the country’s 164 per square kilometres. Two-thirds of...		Activity picking up in industrial estates HUB: Out of total 204 units in industrial estates, falling under Lasbela District, Balochistan, 107 are closed, with only 97 units in operation. Perhaps the most startling disclosure is that majority...
Stock trade and Baloch investor KARACHI: Regulators have continued to believe that the existing three stock exchanges in Karachi, Lahore and Islamabad are already a crowd. Applications for setting up exchanges at Multan, Faisalabad, Peshawar and...		Gwadar: one more feeder port? LIKE Karachi and Qasim ports, Gwadar will be another feeder port because it can only handle first generation vessels with a maximum of 30,000 DWT (dead weight tonnage) or having an...
How well is Balochistan banked BANKING activities in a particular region flourish on the back of its economic strength and the presence of banks there helps boost the economy of that region. Balochistan, comprising almost 44...		Balochistan holds 90 per cent share in marble export KARACHI: Mineral rich-Balochistan accounts for up to 90 per cent of Pakistan’s $20 million annual export of marble that is mainly being shipped from Karachi to nearly 52 countries worldwide. The...
Mega projects to benefit provincial economy QUETTA: Balochistan is fast marching towards increased economic activity with the completion of some mega projects — the Gwadar Port and the Coastal Highway. Its people are already reaping the benefit...		Formal trading pretty thin KARACHI: Balochistan has not been able to utilize its natural resources fully to boost its share in the gross domestic product (GDP) of the country, and has also failed to create...
Why locals fear of turning into minority? KARACHI: Nationalistic feelings of being degenerated into minority in their own homeland is one of the causes of unrest in Balochistan. This, however, may not be the core issue, at least...		Potential in fisheries remain unexplored KARACHI: The share of Balochistan in fish exports is just peanuts in view when seen against the 770-km long marine fishing area. The province contributed just around 10 per cent of...
Consortium to invest $35m in fibre optics KARACHI, April 2: A consortium of foreign and local investors would invest $35 million in Fibre Optic Network, which would cover as many as 25 cities in Pakistan. This was stated...		Mustehkam Cement: EoIs invited ISLAMABAD, April 2: The Privatization Commission on Saturday invited expressions of interest (EoIs) for the privatization of 85.29 per cent shares of Mustehkam Cement Limited (MCL) held by SCCP, the holding...