$145.791 million paid to IMF
Pakistan on Monday successfully made another payment of $145.791 million to the International Monetary Fund (IMF) on account of 9th instalment of Stand-By Arrangement (SBA) Programme. Sources said as per revised payment schedule, already settled between IMF and Pakistan, the 9th instalment of SBA loan worth Special Drawing Rights (SDR) 95.837 million was due on February 11, 2013. more... (BR)
7 months of FY13 : Workers’ remittances rise over 10.36 percent to $8.20 billion
Overseas Pakistani workers remitted an amount of $8,206.39 million in the first seven months (July to January) of the current fiscal year 2012-13 (FY13), showing a growth of 10.36 percent or $770.41 million when compared with $7,435.98 million received during the same period of last fiscal year (July to January 2011-12).
Telenor asks government to compensate for Rs 163m losses
Telenor Pakistan has asked the government to compensate for its losses of Rs 163 million under the law on the account of services suspensions on different occasions, official told Daily Times on Monday.
PSDP releases achieve 51.5pc target
The government has released Rs120 billion, or 51.5 percent, in the first seven months of the current fiscal year to various ministries and divisions for development projects under the Public Sector Development Programme (PSDP) against the full-year target of Rs233 billion, according to official figures released by the Planning Commission. more... (TN)
Appraisal team: World Bank to send mission for Dasu Dam in March
In a visit to the Water and Power Development Authority (Wapda) house, representatives of the World Bank expressed interest in financing the Dasu hydropower project and the bank will send an appraisal mission to inspect the progress on the project in March 2013. more... (ET)
Fiscal year 2014 Budget exercise begins: proposals sought
The Federal Board of Revenue has started budgeting exercise for upcoming fiscal year (2013-14) and sought proposals from industry and trade on tariff rationalisation and duty revision to protect local manufacturers. It is learnt here on Monday that the FBR has sought business community''s proposals for budget (2013-14). more... (BR)