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	(July 08, 2009)
	Economic Bulletin	click here for Market Glimpse
	Zardari stresses need for greater national reconciliation; President Asif Ali Zardari while stressing the need for greater national reconciliation said that he intends to keep all political forces together because Pakistan cannot afford confrontation at this juncture. “Dialogue is our most powerful weapon...we defeated a dictator through the power of dialogue and we intend to continue holding dialogue to resolve various issues confronting Pakistan,” he said in an interactive meeting with former senior civil servants at the Aiwan-e-Sadr, Islamabad. (Source, APP, Daily National Courier)
	Govt to take its case on carbon tax before SC, says Gilani; Prime Minister Syed Yusuf Raza Gilani has said that the government will accept the verdict of the Supreme Court on carbon tax after presenting its viewpoint before the judges. (source, The News, Daily National Courier)
	Chinese consortium offers to invest $300 million in mega projects of NWFP: MoU for Peshawar Bus Terminal signed; NWFP Senior Minister and ANP's parliamentary leader, Bashir Ahmad Bilour welcomed the offer of Chinese government for investment in mega development projects in the province. Presiding over a meeting at Civil Secretariat, Peshawar he said the investment by Chinese companies would go a long way in bringing about peace and stability in the terror affected province, while the construction of a modern bus terminal would prove a milestone to this effect. (Source, BR)
	IMF decision on $875m tranche by month-end; Pakistani officials meeting an International Monetary Fund mission this week face a battle in mapping out a strategy for reviving economic growth while keeping fiscal spending in check, analysts said. (Source, The Nation)
	Geneva moot stresses causes of financial crisis; Institute of Chartered Accountants of Pakistan (ICAP) President Syed Asad Ali Shah has said that the financial crisis provides an opportunity to politicians and regulators to reform the financial architecture to minimize systematic risks in future. He said this while speaking at the concluding session of a conference organized by UNCTAD at Palais des Nations, Geneva, last week on the topic of ‘The Financial Crisis and its Implications for the International Financial Reporting Architecture and Financial Stability’. (Source, The News)
	Supreme Court decision to be implemented: Asim; The Advisor to Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain has said that the decision of the apex court would be implemented and the prices of petroleum products would be reduced, and added that petroleum products accounted for major taxes, even in advanced countries, and the government would face financial problems on revenue side in case of withdrawal of carbon tax. (Source, BR, The Financial Daily)
	Trade caravan planned for China, Kyrgyzstan; Pakistan’s trade caravan to China, Kyrgyzstan and Kazakhstan will start its journey from Karachi on October 15 to explore business opportunities there and to project Pakistan’s trade and investment potential. Initially, it will consist of a 150-member delegation and other members of the business community will join them later from different cities of the country making total number of delegates to 450. (Source, The News, The Post)
	Experts for establishment of first Agriculture e-Chamber; The experts at a workshop in Islamabad stressed the need for establishment of First Agriculture e-Chamber besides utilizing Information and Communication Technologies for strengthening agriculture Information services to promote agriculture sector in the region. Proposal to this effect was made during the second day of the three-day regional SAARC workshop on "Role of Media for accelerating agricultural growth in SAARC countries: Experiences and Lessons from South Asia". (Source, The Post, Pakistan Observer)
	KESC to go for Thar coal power generation in two years; The Karachi Electric Supply Company will go for Thar coal in coming two to three years as the company gains some financial strength. “We are now getting investments in KESC from May 2009 with the signing of the final agreement,” the KESC chief executive officer Naveed Ismail said during his visit to the Korangi Association of Trade and Industry (KATI) to meet industrialists. (Source, The News)
	Uplift in Karachi role model for world mega cities: Korean CG; The Consul General/Chief of Mission of Republic of Korea in Karachi Kyoung Yong Kim and Counsellor Lee Myong-keun called on Karachi City Nazim Syed Mustafa Kamal at his office. The delegation praised the rapid development of infrastructure in last few years in Karachi and called it a role model for other developing mega cities of the world. (Source, BR)
	Industry welcomes carbon levy suspension; The business community has hailed the Supreme Court’s decision to suspend imposition of carbon tax on petroleum products. Lahore Chamber of Commerce and Industry (LCCI) President Mian Muzaffar Ali, Senior Vice President Tahir Javaid Malik and Vice President Irfan Iqbal Sheikh has said that the carbon levy was a burden, earning a bad name to the government who otherwise had taken a number of business-friendly decisions in the recent past. (Source, The News)