Domestic debt rises by Rs1.58 trillion
Pakistan’s overall stocks of domestic debt and liabilities saw an expansion of Rs1.582 trillion, or 20.48 percent, at the end of March, showing unsustainable level of government spending and shortfall in tax revenues. more... (N)
Irregularities in revised cost : ECC to investigate Nandipur Combined Cycle Project issue
While taking cognisance of allegations of irregularities in revised cost of Nandipur Combined Cycle Project, the Economic Coordination Committee (ECC) of the Cabinet has decided to investigate this issue and Planning Commission has been tasked to complete the process.
Reserves decline below $11 billion mark
The country's liquid foreign reserves have declined to below $11 billion mark mainly due to rising debt payments. On June 28, 2013, Pakistan had paid three loan instalments worth $265 million to International Monetary Fund (IMF). more... (BR)
Regulatory requirements of 1971 SEC Rules: interpretive guidance for brokerage houses approved
The Securities and Exchange Commission (SECP) has approved interpretive guidance to help brokerage houses to comply with regulatory requirements of 1971 Securities and Exchange Rules in calculating and reporting net capital balance. more...(BR)
Pakistan repays $25 million to IMF
Pakistan returned another loan instalment worth $25 million to International Monetary Fund (IMF). The paid amount was a schedule payment of Extended Credit Facility (ECF) and was paid as per schedule to IMF on last Tuesday. more...(BR)
Teledensity reaches all-time high level of 73.5 percent
Teledensity in Pakistan including fixed, WLL and mobile phone has improved 1.4 percent in two months as it reached all-time high level of 73.5 percent by the end of May 2013 as against 72.1 percent in March 2013, Pakistan Telecommunication Authority (PTA) revealed on Thursday.
PTCL, Habib Bank sign accord on quality banking services
Pakistan Telecom-munication Company Limited (PTCL) inked an agreement with Habib Bank Limited (HBL), enabling PTCL employees to avail smart banking services. more...(DT)