Pak expats remit record $1.36bn in Oct
Overseas Pakistani workers remitted a historic amount of $1,365.10 million in October, 2012 as against $1,017.87 million sent by them in the same month of the last fiscal year (October, 2011) showing a tremendous jump of $347.23 million or 34.11 percent. more... (FD)
Govt mulls to issue $500m foreign bonds
The economic trouble-shooters of the country may issue $500 million eurobond during ongoing financial year 2012-13, if the privatization of Pakistan Telecommunication Company Limited (PTCL) could not proceeds, an official of Economic Affairs Division said. more... (FD)
Trade Finance Program turnover at $11.2b in 3-year
Trade Finance Programme (TFP) turnover stood at $11.27 billion from January 2009 to September 2012 which termed key to the Asian's region's economic growth and jobs creation.
According to the Trade Finance Program head Steven Beck TFP seeks to fill private sector market gaps for trade finance.
Auto sales sink by 32% in 4 mths of FY13
The local automobile companies continue to face tough situation in the market as their sales are showing a negative growth due to lower market demand and influx of imported used cars into the country. more... (DT)
Pakistan all set to repay $230 million instalment by 26th
In order to repay the sixth instalment worth $400 million of the International Monetary Fund’s Stand-by Arrangement facility, Pakistan has already retired $170 million and the remaining $230 million is expected to be paid by November 26, 2012, which is the final repayment date of the said amount, said an official in the Ministry of Finance on Monday. more... (DT)
Amnesty for cheats: PM gives approval to FBR’s tax registration scheme
Prime Minister Raja Pervez Ashraf has approved the government’s new carrot-and-stick tax policy, aimed at broadening the extremely narrow tax base, while expressing regret that delays in netting the roughly three million tax cheats reflects poorly on the government’s performance. more... (ET)