Money supply on the decline
Decline in money supply continued during the first week of August as M2 contracted by another Rs11.4 billion from negative Rs64.1 billion (-1.25 per cent) as on August 01, 2009 to negative Rs75.5 (-1.47 per cent) as on August 08, 2009. more... (FD)
Friends of Democratic Pakistan (FoDP) moot begins today in Istanbul
The two-day ministerial-level meeting of Friends of Democratic Pakistan (FoDP) will begin on Monday (today) in Istanbul to harness political support from member countries.
Pakistan would also share its plan of rehabilitation and reconstruction for Swat and Malakand with the FoDP member countries. more... (FD)
Rental power plants: ECC decision puts Ministry in a difficult position
The Economic Co-ordination Committee (ECC) of the cabinet has put the Ministry of Water and Power in a difficult position, with regard to selection of 1500 MW Rental Power Plants (RPPs) out of the 14 plants having total capacity of 2250 MW, well-informed sources told Business Recorder. more... (BR)
Government to charge 8pc ST on local sugar supplies
The government has announced to charge sales tax at the rate of 8 per cent on local supplies of sugar, said a press release issued by Federal Board of Revenue (FBR) on Sunday.
The announcement has been made following issuance of SRO (I)/2009 whereby "sales tax on local supplies of sugar shall be charged at the rate of eight per cent with immediate effect and until further orders". more... (FD)