Budget likely in first week of June: Nizami
The expected finance minister in the new government Senator Ishaq Dar is busy in preparing budgetary proposals these days and the new government is likely to announce the budget in the first week of next month. more... (BR)
Pakistan on edge of economic crisis: State Bank
Pakistan is likely to hit a macroeconomic crisis if much-needed fiscal reforms are not implemented, according to a State Bank of Pakistan (SBP) report. more...(N)
Pakistan eyes $1 billion rice export to China
Soaring rice demand in China prompted Pakistan to estimate the commodity's export growth to $1 billion to the neighbouring state alone....but the trade needs government's priority, it is learnt. China has emerged as new rice exporting market for Pakistani traders and rice export to neighbouring country has witnessed a robust growth during last year.
Investment in Mutual Funds, AMCs: new guidelines unveiled for banks, DFIs
The State Bank of Pakistan (SBP) has issued new guidelines for banks and DFIs' investment in Mutual Funds and Asset Management Companies (AMCs) for the calculation of Capital Adequacy Ratio (CAR). According to State Bank, new instructions will be effective from June 30, 2013. more...(BR)
Five sectors enjoy ‘discriminatory’ advantage
A study conducted by Pakistan Customs revealed that 81.4 percent of allowed exemptions during FY12 through Statutory Regulatory Orders (SROs) are concentrated on only five sectors, with vehicles at 28.72 percent; machinery at 22.66 percent; chemicals at 11.59 percent; minerals at 10.53 percent; and metals at 7.9 percent. more...(N)
Important road projects to be completed in next 5 years
National Highways Authority (NHA) expects the road projects having significance of regional and international links will be completed during the next five years.