Rebasing of national accounts approved
The Governing Council (GC) of the Pakistan Bureau of Statistics in a meeting here on Monday approved rebasing of national accounts from the fiscal year 1999-2000 to fiscal year 2005-2006.It has been decided that the estimates of national accounts for determination of gross domestic product (GDP) for the year 2012-13 to be prepared and finalised on newly approved base values of each sectors. more... (DT)
IMF 'carefully' monitoring capital flows to Asia
"We are seeing financial pressures - you may call them imbalances, or the risk of imbalances - rising," said Anoop Singh, director for the IMF Asia and Pacific Department. "And because these can worsen quickly, they certainly are being monitored very carefully. Therefore the challenge policymakers face is how to guard against the potential build-up of national imbalances while continuing to deliver appropriate support for growth."
EFF facility: advisor to brief Cabinet on talks with IMF
Advisor to Prime Minister on Finance, Dr Shahid Amjad Chaudhry will brief the Fede-ral Cabinet meeting expec-ted to be held on Thursday, on talks with International Monetary Fund (IMF) on Extended Fund Facility (EFF), it is learnt. Sources said the Cabinet meeting may be convened on Thursday to review the arrangements to conduct May 11 general elections and law and order situation in the country. more... (BR)
Prime Minister forms body to address power crisis
Caretaker Prime Minister Mir Hazar Khan Khoso on Monday constituted a committee comprising federal ministers for Petroleum, Water and Power and Advisor on Finance to review the energy situation and come up with recommendations to improve the power situation in the country. more... (BR)
SAFE organises 3rd IPO summit
The summit was held under the auspices of Securities and Exchange Commission of Pakistan (SECP) as lead patron and in collaboration with Karachi Stock Exchange Limited (KSE), Lahore Stock Exchange Limited (LSE), National Clearing Company of Pakistan Limited (NCCPL), Shajar Capital Pakistan (Private) Limited, AKD Securities Limited and National Bank of Pakistan (NBP).
Indian firm offers to extract, buy Thar coal
Coal India, India’s leading coal miner, has offered assistance in extracting Thar lignite coal, Zubair Motiwala, chairman of the Sindh Engro Coal Mining Company (SECMC), told The News on Monday.