Circular debt may swell to Rs 781 billion by June: Pepco disbandment not to change scenario
The decision to disband Pakistan Electric Power Company (Pepco) under power sectors reforms agreed with international financial institutions (IFIs) will not change the scenario if the government retained the management control of distribution companies (discos), according to power sector experts here. more... (BR)
Big hydropower contract rules being relaxed
The government has decided in principle to relax conditions for awarding contracts to international companies for big hydropower projects, by doing away with the international competitive bidding (ICB) required under the existing procurement rules. more... (D)
Govt sets new record of borrowing
The government has geared up its efforts to borrow from both the State Bank and scheduled banks accumulating the domestic debt to record new peaks as it added over Rs800 billion in a year.
Govt in a tight spot on RGST
The government is known to be facing great difficulties in manipulating the GST (general sales tax) reforms Bill 2010, according to its whims. The 3-day meeting of the standing committee for finance was scheduled to be convened on 22 Nov 2010. more... (TFD)