Non-tax revenue target: IMF scepticism adds to doubts
The Inter-national Monetary Fund (IMF) has reportedly expressed scepticism about materialisation of non-tax revenue on account of 3G sale and privatisation proceeds of Pakistan Telecom-munication Company Limited (PTCL). Sources said that this led to an increase in IMF estimates of budget deficit by 1 percent from their budget deficit projection of 6.3 percent at the conclusion of first Post Programme Monitoring (PPM) some four months ago. more... (BR)
GDP growth, inflation: different forecasts
The forecasts by International Monetary Fund (IMF), the World Bank and Pakistan for country''s FY13 GDP growth are 3.5, 3.8 and 4.3 percent, respectively. The IMF has estimated Pakistan''s GDP growth at 3.5 percent for the current fiscal year against budgetary projection of 4.3 percent. more... (BR)
Agri credit disbursement surges by 12% to Rs 140bn in July-Dec
Agricultural credit disbursement by banks surged by 12 percent on year-on-year basis to Rs 140.32 billion in the first half July-December, 2012. In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 15.11 billion in July-December 2012 when compared with the total disbursement of Rs 125.21 billion in the same period of the last year.
Proposal to import 200 MMCFD RLNG from India under consideration
Existing gas reservoirs of the country are enough only for the next 18 years, a proposal to import 200 million cubic feet per day (MMCFD) Re-gasified Liquefied Natural Gas (RLNG) from India to Pakistan is under consideration. more... (DT)
Duty-free machinery, equipment: textile importers allowed to submit ''Goods for Payment''
Fulfilling a demand of Federal Board of Revenue (FBR) to secure revenue, Ministry of Textile has allowed textile importers to submit ''Goods for Payment'' as financial security for provisional release of duty-free machinery and equipment under SRO809 (I)/2009. more... (BR)
Drastic changes in Ogra structure, powers planned
Amid controversies over the build-up of Rs11 billion gas theft and system losses in consumer-end tariff and liquefied natural gas (LNG) imports, the government has decided in principle to drastically change the structure and powers of the Oil and Gas Regulatory Authority (Ogra) and remove petroleum secretary Dr Waqar Masood Khan. more... (D)