IMF concerned over political turmoil
The International Monetary Fund (IMF) is said to have expressed concern over the current political turmoil in Pakistan, fearing that the incumbent government would not be able to achieve the agreed economic targets if unrest continued, sources told Business Recorder more...
Government planning to reduce mark-up in March: BoI
The Chairman of the Board of Investment (BOI), Saleem H Mandviwala, has said that the government is planning to reduce mark-up rates in March 2009. Speaking at a seminar on 'Public-Private Partnership' (PPP), organised jointly by Karachi Chamber of Commerce and Industry (KCCI) and the government of Pakistan, he said that the future interest rates were likely to be reduced by 12 percent by June 2009 more... (BR)
NOCs for export to Afghanistan: commerce ministry and FBR probing misuse
The Federal Board of Revenue (FBR) and Ministry of Commerce are jointly investigating misuse of no-objection certificates (NOCs), clarifications, and authorisations used by certain exporters to clear export of banned/restricted items to Afghanistan more... (BR)