Diamer-Bhasha dam: US agrees to extend $3.5 billion, National Assembly body told
Chairman Water and Power Development Authority (Wapda), Syed Raghib on Wednesday disclosed that United States of America (USA) had agreed in principle to extend $3.5 billion for 4500 MW multipurpose Diamer-Bhasha dam. Total cost of the project is estimated at $13-14 billion. more... (BR)
Failure in solving 3G licence, Etisalat issues: government relying heavily on borrowing
The government would be heavily relying on borrowing to finance the fiscal deficit, which is expected to increase significantly in the current fiscal year due to the inability to generate the budgeted non-tax revenue of $1.6 billion on account of Etisalat and auction of 3G spectrum. more... (BR)
H1 cement dispatches post eight percent increase
Local cement dispatches posted an increase of 8 percent during the first half of current fiscal year followed by massive release of Public Sector Development Programme funds. more... (BR)
Tax authorities face revenue shortfall of Rs65bn in 6 months
Tax authorities are facing massive revenue shortfall of Rs65 billion during the first six months (July-Dec) period of the current financial year 2012-13, said sources. more... (TN)
Global economy : Asia’s factories show signs of revival
Manufacturing activity in Asia expanded in December as China’s economy showed signs of revival but export demand was uneven, pointing to further sluggish growth for the region, business surveys suggest.
Last five years : US extends maximum grants of $1.137bn to Pakistan
The National Assembly’s Standing Committee on Economic Affairs and Statistics on Wednesday informed that during last five years US extended maximum grants to Pakistan ($1,137 million) while Saudi Arabia provided the lowest ($90 million) in the same period.