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What about a Prime Minister House at Gwadar?
ZAFAR BHUTTA
ISLAMABAD (January 06 2010): The cash starved country is going to have another Prime Minister House at Gwadar Port as Balochistan government has allocated five acres of land to carry out the project, Business Recorder has learnt. Sources said that it was revealed to the federal cabinet that met on December 30, 2009 at Gwadar Port. "Chief Minister Balochistan has allocated five acres of land for Prime Minister House at Gwadar," the cabinet was told.

Sources said that cabinet was apprised that many steps had been taken for economic uplift of Balochistan province. It was noted that proposal for provision of gas to the gas producing districts had been agreed and 10 percent of the net profits would be spent on development projects in the producing areas. The projects would also be opened to third party audit to ensure transparency.

"Proposals for imparting technical training to local youth for employment in Gwadar Port Authority (GPA), Gwadar Deve1opment Authority (GDA) and special economic zone were agreed and a PC-I was submitted to NAVTEC, the cabinet was apprised. It was also revealed that proposal for apportionment of Gwadar revenue for development of Balochistan was being processed by Ports and Shipping Division.

"Proposals for the construction of two jetties for fishermen and Fisheries Training Centre have been processed for which funds need to be released expeditiously," the cabinet noted. It was also briefed that proposal for Sui special development package had been submitted to the Planning Commission.

The Proposal for overseas employment against Balochistan quota had been taken up with Establishment and Labour & Manpower Divisions. The Federal Government has agreed that from its 50 percent shares in Saindak Project, 30 percent would be given to Balochistan and the project on completion would be owned by the province. "Proposals regarding special incentives for local tribes of Kohlu district to facilitate exploration in the area have been submitted and are under process with Ministries, of Interior and Petroleum and Natural Resources," the cabinet was informed.

Copyright Business Recorder, 2010


   
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The Rupee
Interbank closing rates for dollar on Wednesday.
BuyingRs 85.59
SellingRs 85.63
Dollar marginally up
8315.55  17.85
Sectoral Indices 
Market at Close
BRIndex-30 8,309.88
KSE-30 Index 10,417.37
KSE-100 Index 10,438.66
LSE-25 Index 3,357.35
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Gold Per 10gm 32,400.00
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Libor Rate 0.68794
World Indices
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DJIA 10,497.88 0.38
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S&P 1,106.12 0.69
FTSE 5,319.68 0.90
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Economic Indicators
Annual2008/09
Foreign Debt $50.1bn
Per Cap Income $1046
GDP Growth 2.0%
Average CPI 20.77%
MonthlyJune
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Exports $1.82 bln
Imports $3.22 bln
WeeklyJuly 26, 2010
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