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	(July 11, 2009)
	Economic Bulletin	click here for Market Glimpse
	Tough choices made to save Pakistan: PM; The government has to take tough decisions to steer the country out of crisis and into the right direction, Prime Minister Yousuf Raza Gilani said. This he said after laying the foundation stone of the Ministry of Science and Technology building, the Prime Minister said a large number of people had initially opposed the military operation in Swat and Malakand, but the government had to take the hard path for the sake of the country’s survival. (Source, Daily Times)
	China can help Pakistan overcome power crises; Huge prospects of trade and other mutual interests exist in Pakistan's relations with China whereby China is invited to construct small dams to help Pakistan overcome its troublesome power crises. This was articulated by Federal Minister for Investment, Senator Waqar Ahmed Khan, in his proposals to a 12 member-delegation of MCC (China Metallurgical Group Corporation) headed by Dan Huang in his chamber at Islamabad. (Source, BR, The Post)
	US House approves $1.5 billion aid for Pakistan; The US House of Representatives on Thursday approved a $48.8 billion spending bill to bolster US foreign policy and aid efforts, including to allies like Pakistan and Afghanistan. The legislation includes $2.7 billion in foreign aid for Afghanistan and $1.5 billion for Pakistan as they fight Taliban militants. (Source, BR, The Financial Daily)
	Pak missions abroad can pave way for export of manpower; The highest ever amount of over $7.811 billion as workers’ remittances in 2008-09 fiscal year (FY09) which has assumed a major source of external flows is likely to encourage export of manpower in the coming years. The proceedings of workers from Pakistan calls for easing the bureaucratic hurdles as well as support of Pakistan’s foreign missions abroad to pave the way for manpower from Pakistan. It may be recalled that the previous record of $6.451 billion received in the preceding 2007-08 fiscal year (FY08). (Source, Pakistan Observer)
	Pakistan to hold exhibition in Canada every year; Trade Development Authority of Pakistan Chief Executive Syed Mohibullah Shah has said Pakistan will hold a single country exhibition in Canada every year. He said this in a meeting with the Deputy Minister for International Trade and Investment, Ontario, Canada, Dr Bruce A Archibald, during which they discussed means to strengthen and expand bilateral trade between Pakistan and Canada. (Source, The News)
	Germany keen to invest in renewable energy; Germany Ambassador to Pakistan, Dr Michael Koch has expressed the desire to invest in renewable energy power projects in Pakistan. German companies are already working in the various water and power sector projects and had also expertise in the renewable energy projects. He has asked for details of the projects identified for renewable energy in Pakistan. The German Envoy expressed these views during a meeting with Federal Minister for Water and Power, Raja Pervez Ashraf in the ministry. (Source, Daily Times, Online, The Nation)
	Govt, Engro Power ink Thar coal project MoU; A joint venture is about to start between government and Engro Power Gen Limited (EPGL) on Thar coal mining block II. The equity ratio of the project is 40:60 while the agreement in this effect has been reached in a meeting on June 1. (Source, The Financial Daily)
	First ever industrial policy soon: Wattoo; Federal Minister for Industries and Production Mian Manzoor Ahmed Wattoo has said that government is working on a first ever comprehensive Industrial policy for the promotion of industrial sector. The minister addressing the business community at Islamabad Chamber of Commerce and Industry said the policy will be formulated in consultation with all stakeholders accommodating their views and suggestions. (Source, Daily National Courier, The News)
	Pakistan, Lanka to multiply bilateral trade; Pakistan and Sri Lanka bilateral trade should be enhanced by identifying more potential products and effective utilizing of FTA between both countries. This was jointly expressed by President, Karachi Chamber of Commerce and Industry, Anjum Nisar and Consul General of Sri Lanka V.S. Sidath Kumar in the 3rd meeting of Diplomatic Affairs Sub-Committee-KCCI. (Source, Pakistan Observer, The News)
	Trade leader paints grim picture of economy; Domestic market is shrinking on a fast pace which is a serious threat to the stability of Pakistan and contracting domestic trade is rendering millions jobless, which will add to the economic sufferings of masses who are already under pressure due to high inflation, lawlessness and uncertainty. This was stated by trade leader Malik Sohail VP NTA, President Traders Welfare Association (TWA) Blue Area and former SVP, Islamabad Chamber of Commerce and Industry. "No new jobs are being created and almost all enterprises are shedding jobs to survive," he said adding, "in such a scenario qualified and jobless youth cannot be offered jobs, which is igniting negative tendencies. (Source, BR)