WASHINGTON: Acknowledging that the economy in Pakistan is beginning to move, the publication, `The Asia Letter` said in its issue of May 27, that for American firms interested in plant, equipment and machinery sales, as well as possible investment opportunities, Pakistan is a country to keep an eye on. In the words of the ... Washington publication, some important business opportunities are developing in Pakistan.

With an inflow of money from the oil-producing States in the Middle East and ... aid commitments ... from the countries and international organisations that belong to the Pakistan Aid Consortium, all the signs point to stepped up development activities...

. There are also ... signs ... that Pakistan is taking a more relaxed attitude towards private domestic and foreign investment. News agencies [Meanwhile, as reported by news agencies from Peking,] the Philippines announced ...

it was establishing diplomatic relations with China, ending 25 years of ... distrust. A joint communique, signed by Premier Chou En-lai and Philippine President Ferdinand Marcos ... added that the Philippines would sever ties with the regime in Taiwan.