‘FDI to surpass target this year'
Foreign Direct Investment (FDI) will surpass last year’s figures, the Board of Investment (BoI) Monday informed the Prime Minister. PM, Yousaf Raza Gillani on the occasion said due to country’s geo-strategic location, availability of skilled manpower, better more... (DT)
Raise in IMF loan eyed due to terror war
Pakistan will seek a further $4.5 billion loan from the International Monetary Fund (IMF), warning that the country's fight against terrorists is hurting the economy, a foreign news website reported on Monday. "We will ask the (IMF) Board of Directors for the amount as the war on terror has caused serious economic problems," the website said, quoting Advisor to Prime Minister on Finance Shaukat Tareen as saying. The additional funds would boost the country's total borrowing from the IMF to more than $12 billion, it said more... (FD)
13 units' 26 percent divestment may be approved by CcoP
The Cabinet Committee on Privatisation (CCoP), in its meeting on Tuesday is likely to approve divestment of 26 percent shares of 13 public sector entities through President Asif Zardari's proposed model of public-private partnership (PPP), sources close to Privatisation Minister told Business Recorder here on Monday more... (BR)