Restricting lending to government: National Assembly adopts SBP bill
National Assembly on Thursday passed 'The State Bank of Pakistan (Amendment) Bill, 2010' restricting the SBP not to grant direct or indirect credit to the federal and provincial governments or to any other public agency or state-owned entity, with the exception of intra-day credits to secure the smooth functioning of the payment system.
Five percent regulatory duty on sack paper abolished: ECC decision
The Economic Co-ordination Committee (ECC) of the Cabinet on Thursday abolished 5 percent regulatory duty on import of sack paper and directed the Trading Corporation of Pakistan to immediately start releasing available sugar stocks in the open market.
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Bhit gas field closure to reduce supply
Just as the Zamzama field resumed its supply of natural gas on Thursday after scheduled closure for annual turnaround (ATA), the Sui Southern Gas Company (SSGC) announced that the Bhit field will remain closed for its ATA from November 6 to 12.
Revenue collection exceeds target in October
With receipts for October exceeding Rs105 billion against a target of Rs104.3 billion, the revenue shortfall for the first four months (July to October) of fiscal year 2010-11 has reduced to Rs45.2 billion, according to sources in the FBR. . more... (ET)