‘Govt to promote SME sector for economic growth’
Minister for Finance and Economic Affairs Senator Mohammad Ishaq Dar said on Tuesday that PML-N government would promote Small and Medium Enterprises (SMEs) to spur economic growth and development in industrial sector and to create employment opportunities. more... (BR)
NPLs up by Rs 1.4 billion in first quarter of calendar year 2013
Non-Performing Loans (NPLs) of the banking industry rose by Rs 1.4 billion to Rs 630 billion by the end of the first quarter of calendar year 2013 (CY13) because of slow economic activities. more... (BR)
China Mobile, Etisalat weighing bids for Pakistan telco
Pakistan mobile operator Warid Telecom has been put up for sale by its Abu Dhabi owners and is likely to draw interest from China Mobile and Etisalat, sources familiar with the matter said on Tuesday. more...(BR)
‘Economic partnership with USA will further grow stronger’
Strong economic partnership with the government of the United States of America (USA) will further grow stronger and Pakistan welcomes US investors and prepared to facilitate their investments in the country,
at the Pakistan-US Business Opportunity Conference launching of Private Equity and Pakistan Private Investment Initiative moot in Dubai on Tuesday, Ishaq Dar said. more...(DT)
Telenor Group ready to invest more in Pakistan
Telenor Group, the largest landline and mobile phone network of Norway, is ready to invest more in Pakistan, if it sees favourable behaviour of the industry and the present government, said Telenor Group CEO Jon Fredrik Baksaas.
SECP expands investigation scope of KSE 2008 crash
The Securities and Exchange Commission of Pakistan (SECP) has expanded the investigation scope of Karachi Stock Exchange 2008 crash by extending the deadline to finalise an independent study ascertaining the reasons and causes of the crash. more...(BR)
'Absence of secondary debt market results in heavy bank borrowings'
The Finance Ministry's failure to create a secondary debt market led to heavy reliance on short-term borrowing from the banking system over the past five years and subsequently the country would require huge financing to meet domestic debt obligations, officials said on Tuesday. more...(BR)