SBP’s 10-point banking strategy for robust growth of financial system
State Bank of Pakistan (SBP) has outlined the central bank’s 10-point banking strategy for the growth of the financial system in the country. Governor SBP Yaseen Anwar said this strategy would focus to implement a financial inclusion programme for underserved economic sectors of the country. more... (DT)
IMF to scrutinise Pakistan’s loan repayment capacity
Just ahead of another repayment to the International Monetary Fund (IMF) due next month, the Fund mission led by Jeffrey Franks, will kick-start scrutinising Pakistan’s capacity to repay its outstanding loans to the Fund and other creditors without the possibility of a default from today, during their 12-day stay in Islamabad, said sources. more... (TN)
‘45% of generated power either stolen or goes to waste’
The National Assembly’s Special Committee on Energy Crises was informed here on Monday that around 45 percent of the generated power is either stolen or gone to waste due to technical, transmission and distribution losses or non-payment of bills in the country. more... (DT)
Malik says Qadri's agenda in 'national interest'
Interior Minister Rehman Malik on Monday held out assurance to Dr Tahir-ul-Qadri that adequate security arrangements would be made in Islamabad for the participants of the long march scheduled for January 14, saying Dr Qadri has a national agenda and nobody can differ with it. more... (BR)
Government shares in PPL: privatisation process remain stalled
Privatisation Commission of Pakistan is waiting for input from Ministry of Water and Power and Ministry of Petroleum to initiate privatisation of approximately 2.5 percent government shareholding in Pakistan Petroleum Limited (PPL), well-placed sources in the Privatisation Commission told Business Recorder.
Supreme Court accepts Altaf's apology; notice withdrawn
A three-member bench of the Supreme Court headed by Chief Justice Iftikhar Muhammad Chaudhry on Monday withdrew contempt notice against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain after he tendered a written unconditional apology. more... (BR)