Pakistan Observer

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Monday, October 19, 2009, Shawwal 29, 1930

 
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Business News
Mega projects approved for boom in export industries

Staff Reporter

Sialkot—The Punjab government has approved several mega industrial development-oriented projects for bringing boom in export industries of Sialkot, on the special direction of Punjab Chief Minister Muhammad Shehbaz Sharif. PML-N Central Leader & MNA Khawaja Muhammad Asif disclosed this while talking to local traders, industrialists and exporters at Sialkot here.

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Papier-mache exports from IHK on decline

Islamabad—Papier-mache exports have been hit by recession and lack of interest on the part of people to pursue this art nowadays. According to Kashmir Media Service, papier-mache has been Kashmir’s flourishing art in the past.

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Drafting of 5-year plan to be finalized next month

Islamabad—Drafting of the five year socio- economic development plan would be completed by the end of next month, sources in Planning Commission said. The Planning Commission is actively engaged in the formulation of people-centered and result oriented next 5-year development plan to ensure sustainable development in the country,” a senior official in the commission told APP.

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Japanese car makers out to electrify Tokyo show

Tokyo—Move over hybrids—the biggest buzz at this year’s Tokyo Motor Show looks set to come from electric cars as the dream of affordable zero-emission vehicles moves closer to reality. Japanese automakers, pioneers in hybrid cars powered by a mixture of petrol and electricity, are now looking to take fuel-efficient motoring to the next level with vehicles that run on rechargeable batteries.

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Washington wary of opposing Wall Street bonuses

Washington—In the wake of landmark profits posted by the US banking industry this week, Washington will seek to strike a delicate balance toward massive bonuses expected to be paid out by Wall Street, experts said. If President Barack Obama’s administration helps “to make this a bigger issue politically, they will be pushed to do things they don’t want to,” said Douglas Elliott of the Brookings Institution, referring to previous calls to cap compensation that were roundly rejected by Wall Street.

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