Domestic debt rose 15% to Rs 13.043tr in January 2013
Pakistan’s domestic debt increased by Rs 1.697 trillion or 14.9 percent to touch Rs 13.043 trillion in January 2013 as compared to last year’s figure of Rs 11.346 trillion, State Bank of Pakistan (SBP) data showed on Thursday. more... (DT)
The total liquid foreign exchange reserves held by the country stood at $12.804 billion on March 1 as compared to $13.185 billion last week, the central bank said on Thursday. more... (TN)
Industrialisation in Punjab continues at fast pace
Despite the worst energy crisis, industrialisation in Punjab continued at a fast pace during the last three years, adding over 300 large and medium size industries, mainly on the strength of excellent infrastructure made available to entrepreneurs at its industrial estates, experts said. more... (TN)
Pakistan’s rank improves on global tourism index
Pakistan has made a considerable movement in the Travel and Tourism Competitiveness Index, stated the fifth travel and tourism competitiveness report released on Thursday by the World Economic Forum.The biennial report, published under the theme of ‘reducing barriers to economic growth and job creation’ highlighted the country’s improving performance on 14 indicators.
Agriculture given extra Rs 124 billion subsidy
The last meeting of the Federal Cabinet chaired by the Prime Minister Raja Pervez Ashraf on Thursday has approved an additional subsidy of Rs 124 billion for agriculture in the current fiscal. Finance Minister Saleem Mandviwalla and Minister for Information Qamar Zaman Kaira told media persons at a news conference after the Cabinet meeting that a subsidy of Rs 16 billion had been approved on agriculture tube wells for farmers.
Government has no plan to seek IMF loan: Mandviwalla
Finance Min-ister Senator Saleem H Mandviwalla on Thursday said there was neither any programme to seek new loans from the International Monetary Fund (IMF) nor there was any proposal under consideration for that purpose. Talking to INP, the Finance Minister said if the Parliament gave its approval for Tax Amnesty Scheme, the government would not need to go to the IMF. more... (BR)