Economy continues to underperform: World Bank
Pakistan faces significant economic, governance and security challenges to achieve durable development outcomes, besides unabated energy crisis, which continued to dampen the growth prospects, revealed World Bank report on Pakistan (April 2013). more... (BR)
9M: Textilers earn $9.6bn via exports
Textile exports from the country grew by 7.09 per cent during the first nine months of current fiscal year (2012-13) as against the same period of last year.The overall textile exports were recorded at US$9.63 billion during July-March (2012-13) against US$ 8.993 billion during July-March (2011-12), according to data released by Pakistan Bureau of Statistics (PBS) here Thursday. more...(TFD)
WB approves $840mn for Tarbela extension
The World Bank has agreed to provide $840 million for the Tarbela Dam extension project after the Ministry of Water and Power accepted the WB condition to open a separate escrow account to avoid the curse of the circular debt, a senior official of the ministry told. more... (ET)
Pak's economy performed well in 2012, UN reports
Despite numerous challenges, the economy of Pakistan performed well in 2012 as compared to 2011, United Nations said in its latest survey report."There was improved performance in 2012 despite numerous challenges, including heavy rain and flooding in southern parts of the country, increases in fuel and commodity prices, the global slowdown and weak capital inflows," says UN Economic and Social Survey of Asia and the Pacific 2013. more... (TFD)
Agricultural credit disbursement surges by 17 percent
Agricultural credit disbursement by banks surged by 17 percent on year-on-year basis to Rs 231.04 billion in the first nine months (July-March) of the current fiscal year 2012-13 (FY13), says a press release. In absolute terms, disbursement of credit to the agriculture sector increased by over Rs 33.7 billion in July-March, FY 2013 when compared with the total disbursement of Rs 197.3 billion in the same period of the last fiscal year. more...(BR)
India’s exports to Pakistan rise to $1.64bn in Apr-Feb
India's exports to Pakistan has improved to $1.64 billion during April-February 2012-13.
For the entire 2011-12 fiscal, the shipments to Pakistan had stood at $1.53 billion.