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	(July 16, 2009)
	Economic Bulletin	click here for Market Glimpse
	President for utilizing expertise of overseas Pakistanis; President Asif Ali Zardari called for a credible and transparent mechanism to facilitate highly qualified overseas Pakistanis for access to job opportunities internationally and to enable them to invest their skills and expertise in the country on short-term basis. The President said this during a briefing held in the Presidency on ‘Placement of highly qualified Pakistanis’ in a shrinking global job market. (Source, The News, Dawn)
	Prime Minister, Bahrain Prince call to boost cooperation in diverse fields; Prime Minister Yousuf Raza Gilani and Crown Prince of Bahrain Sheikh Khalifa Bin Salman Al-Khalifa met at SHARM-el-SHEIKH on sidelines of Non-Aligned Movement summit and discussed ways to strengthen bilateral co-operation in diverse fields. Prime Minister Gilani said Pakistan attaches utmost importance to its relations with the Kingdom of Bahrain and wishes to further strengthen these fraternal ties. (Source, BR)
	'Government to provide congenial business climate to investors': Senator Waqar Ahmed Khan: South Korea asked to build economic zone: Federal Minister for Investment Waqar Ahmed Khan said that the government is fully committed to provide an optimum business climate to investors. The government is in the process of implementing measures to ensure the protection of investments and investors in the country, the Minister told a South Korean delegation, led by Soo Young Huh, President and CEO of KB Chemical Corporation who called on him at his office here. Federal Secretary for Investment Tariq Iqbal Puri was also present at the occasion. (Source, The News, BR, APP, Pakistan Observer, Pakistan Times, The Post)
	Thar Coal Project feasibility report in October: Roberts; Pakistan’s Honorary Investment Counselor in Australia Colin Roberts has said that the feasibility report of Thar Coal Project would complete in October 2010. Addressing a news conference along with Board of Investment (BOI) MOS/ Chairman Saleem H Mandviwala at Board of Investment, Islamabad Colin Roberts said that he was little apprehensive due to the image portrayed by the international press when at the first arrival in Pakistan in October 2007. However on arrival he found his apprehension to be entirely unfounded adding that as a expert in Sovereign Risk, he rates Pakistan favorably in this regard. (Source, SANA News, Online)
	Initial agreement with World Bank and ADB: 22-26 percent increase in power tariff in a phased manner; Pakistan on Wednesday reached an initial agreement with the World Bank and Asian Development Bank to raise power tariff by 22-26 percent in a phased manner during the current financial year 2009-10. Sources told Business Recorder that the government would increase power tariff in three phases. (Source, BR)
	First meeting of Sindh BoI on July 20; Advisor to Sindh Chief Minister on Investment, Zubair Motiwala said that the first meeting of newly-established Sindh Board of Investment (SBoI) will be held on Monday, July 20 to discuss issues of setting up of Japan Economic Zone, education city and creation of a viability fund, etc. Talking to newsmen at Site Association of Industry (SAI), Motiwala said the provincial government has established SBoI to encourage and promote investment and joint ventures in Sindh in collaboration with other relevant federal and provincial agencies including Board of Investment (BoI). (Source, BR)
	Import of diesel, refined products: banks to make payments from August 1: SBP; In a major move, the State Bank of Pakistan (SBP) has shifted the burden of foreign exchange to banks for payments against import of diesel and refined oil products. The SBP has announced that all purchases of foreign exchange related to import of diesel and other refined products will be made by banks from the interbank market with effect from August 1, 2009. (Source, BR)
	Advances against sugar stocks: three-month extension granted; The State Bank of Pakistan has granted three months extension to sugar mills for full retirement of outstanding loans and advances against sugar stocks. In order to curb sugar hoarding, SBP, while issuing guidelines for financing against the security of sugar stocks, had asked banks to make sure retirement of the loans and advances by July 2009. (Source, BR)