New govt to take office before June 1
Minister for Information and Broadcasting Arif Nizami on Friday hoped that the new upcoming government will be sworn in before 1st June.
PSO refinery to help meet energy demand
The Pakistan State Oil's (PSO) efforts to set up state-of-the-art oil refinery in Khyber-Pakhtunkhwa, having capacity to process 40,000 barrel per day would go a long way in meeting the growing energy needs.
Pakistan to barter wheat with Iran electricity
Islamabad has authorised the export of 100,000 tonnes of wheat to Iran in trade not jeopardized by Western sanctions, to settle dues for electricity supplied to Pakistan's energy-starved border areas, the Commerce Ministry said on Friday.
Steel Mills soon to get Rs11bn bailout
The bailout package worth Rs11 billion will soon be given to Pakistan Steel Mill by the Federal Government of Pakistan, sources said Friday.
External debt servicing exceeds $4.6 billion
The country's total external debt servicing crossed $4.6 billion mark during first nine months of current fiscal year, ie, 2012-13 (FY13), mainly due to repayment to the International Monetary Fund (IMF). "The higher external debt servicing is owing to repayment of Stand-By Arrangement (SBA) to the IMF. more...(BR)
Current account posts $1.418bn deficit in 10 months
Pakistan’s current account stayed in red in the first ten months of the current fiscal year due to hefty foreign exchange outflows for debt repayments to the International Monetary Fund (IMF), says data released by the State Bank of Pakistan (SBP) on Friday. more...(N)
US state cancels subsidy for investment from Fatima Group
Indiana has cancelled subsidies for a planned $1.8 billion fertiliser plant in the state because of concerns that a Pakistani company involved in the project makes products used in improvised explosives that kill and injure US troops in Afghanistan. more...(BR)