| | World Bank Not to Seek Phasing Out of Units - Global Policy Forum - Social and Economic Policy |
 | | "It was not our policy," remarked the WB chief when informed of the letter reported to have been written by a bank official based in Islamabad to Minister for Commerce and Industries, Abdul Razzak Dawood, to formulate a new industrial policy to phase out seven industries considered "internationally uncompetitive". |
 | | Abid Hasan, a WB representative, is reported to have suggested that the government should formulate a new industrial policy which should curtail investment in industries contributing "negative value-added at world prices." In this context, he referred to such industries as steel, sugar, fertilizer and chemicals. |
 | | A new fertilizer policy is anticipated by officials by the end of this month to facilitate privatization of two fertilizer factories in the public sector and encourage investment in new projects. |
| www.globalpolicy.org /socecon/bwi-wto/wbank/2000/1116bj.htm (644 words) |