LPG price increases by Rs 15 per kg
The marketing companies on Wednesday increased the price of liquefied petroleum gas (LPG) by up to Rs 15 per kilogramme (kg).LPG Distributors Association Chairman Muhammad Irfan Khokhar said that the price of a domestic cylinder had been raised by up to Rs 170 and a commercial cylinder by up to Rs 680. more... (DT)
Country needs huge financing: IMF
The Inter-national Monetary Fund (IMF) has forecast that the country will require a gross financing of 30.2 percent of the GDP to meet its debt obligations and to finance a projected 6.4 percent fiscal deficit in the current fiscal year. The IMF Fiscal Monitor for October 2012 projected that Pakistan's gross financing needs would be 23.9 percent of the GDP for maturing debt and 6.4 of the GDP to finance the fiscal deficit in 2012-13. more... (BR)
SBP sells Rs148bn T-bills
The State Bank of Pakistan on Wednesday sold three-, six- and 12-month treasury bills worth Rs148.5 billion at an auction.
In a statement, Pakistan's central bank said it sold three-month papers worth Rs27.8 billion at a cut-off yield of 9.32 percent per annum, Rs112 billion worth of six-month bills at 9.34 percent and Rs8.7 billion worth of 12-month papers at 9.39 percent per annum .more... (FD)
NCCPL collects Rs 309.62m under CGT
The National Clearing Company of Pakistan Limited (NCCPL) has collected capital gains tax (CGT) amounting to Rs 103.27 million and Rs 206.35 million in respect of trades and transactions, executed and settled during the period April 24, 2012 to June 30, 2012 and July 1, 2012 to September 30, 2012 respectively, whereas collection of October is underway, said a statement on Wednesday. more... (DT)
Palm oil imports fall 16pc during Jul-October
Palm oil imports into the country witnessed decrease of 16 percent during the first four months of the current fiscal year as compared to the corresponding period of last year.
The palm oil imports during July-October (2012-13) were recorded at $693.364 million against the imports of $825.306 million during July-October (2011-12), according to the data of Pakistan Bureau of Statistics (PBS). more... (FD)
Govt will phase-out CNG usage due to depleting gas reserves OGRA failed to deliver as regulatory authority: Advisor to PM
Advisor to the Prime Minister on Petroleum and Natural Resources Dr Asim Hussain has said that equitable tax would be imposed on Compressed Natural Gas (CNG) in a bid to make it more equitable with petrol to gradually phase out CNG.