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KARACHI: Advisor to prime minister on Finance Shaukat Tareen has said utility
tariff is being reviewed for development of manufacturing sector. He said this
while talking to the journalists on the occasion of inauguration of Proctor and
Gamble plant at Port Qasim here Thursday.
He told planning commission was working out 9-point agenda, which would include
all stakeholders. Government was focusing on agriculture and manufacturing
fields. M. Country’s trade deficit was scaling down due to endeavors of the
governments, he told. Volume of trade deficit, which was running $2 billion per
month, went down to $1.20 billion last month.
“We are endeavoring to stabilize economy on 9 basic points, he said adding
investment was made in the spheres of banking, telecom and oil and gas sectors
in the previous years, he pointed out It is required to be diversified in
miscellaneous braches of agriculture and industry, he added. China had assured
us to make investment in different sectors, he added.
U.S. ambassador Anne .W. Patterson while addressing the ceremony said Pakistan
had enormous potential for investment. Investment by Proctor and Gamble
dispelled this impression that circumstances were not conducive for investment
here. Investment of $100 million by US company would generate employment
opportunities in Pakistan, she added.
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