We haven't reached any conclusion: IMF
Replying to media questions outside Ministry of Finance after the talks with Finance Minister on Wednesday, the head of the IMF mission, Jeffery Frank, said that "we have not reached any conclusion and will speak to media when we are finished". more... (BR)
Neelum Jhelum project: Saudi Arabia clears way for $100 million loan
Riyadh has cleared a $100 million loan for swiftly completing work on the 969-megawatt Neelum Jhelum Hydropower Project. more... (ET)
Government planning to privatise Nandipur power project
As the cost escalates following delay in work, the government is planning to hand over the 425-megawatt Nandipur power project to the private sector, which will be able to meet heavy financing needs, complete the vital project and recover the cost early. more... (ET)
Domestic cement sales hit record highsd
Domestic cement sales crossed 25 million tons in financial year 2012-13 for the first time in the country’s history, which was 1.1 million tons higher than previous year’s 23.95 million tons, but stagnant exports marred the jubilation among cement manufacturers. more...(ET)
Government targets 7 percent GDP growth till 2015
The federal government projected to accelerate to 7.0 percent gross domestic product (GDP) growth within three years, compared with only 3.0 percent in the last five years of Pakistan People’s Party Parliamentarians (PPPP) tenure.
Credit availability to private sector diminishing
High borrowing by the government from all banks is nibbling away at the credit availability to the private sector, which is giving rise to the possibility of a further prolonged deficit, analysts said on Wednesday.
Oil storage facility, oil refinery: China, Pakistan to sign MoUs
Pakistan and China are to sign Memorandum of Understanding (MoUs) during the ongoing visit of Prime Minister Nawaz Sharif for setting up of oil storage facility, an oil refinery and distribution points for transmission of oil and gas to western regions of China from Gwadar, well informed sources told Business Recorder. more...(BR)
PIA's BoD reconstituted
Federal Government as per PIAC Act 1956 has reconstituted the Board of Directors (BoD) of Pakistan International Airlines (PIA) with immediate effect. more...(BR)