Reserves under pressure: Pakistan repays another $145m to IMF today
As promised assistance from the Islamic Development Bank could not arrive on Thursday, Pakistan’s low foreign currency reserves will drop further as it returns today (Friday) another tranche of $145.4 million to the International Monetary Fund. more... (ET)
Setting up 6,000 MW power plants : Engro Coal Mining, China Power ink MoU
A Memorandum of Understanding (MoU) was signed between Sindh Engro Coal Mining Company Ltd (SECMC), China Power International Holding Ltd (CPIH), and Sino Sindh Resources (Pvt) Ltd (SSR) to develop 6,000 megawatts (MW) of Thar coal-based power plants. more... (DT)
LSM industries grow by 4.30% in FY13
Pakistan’s Large-Scale Manufacturing (LSM) industries have registered a positive growth of 4.30 percent in fiscal year 2012-13 (FY13) over the last financial year, said Pakistan Bureau of Statistics data on Thursday.
Conditions on gold import removed
The Ministry of Commerce & Textile Industry has rationalized the import of gold by jewellery exporters and removed the condition of import entitlement of gold equal to the gold content of jewellery actually exported. more...(N)
FBR drive to net 7 million new income tax returns
The Federal Board of Revenue (FBR) has estimated that seven million income tax returns will be filed this year following several amendments introduced through Finance Act, 2013, official sources said. more...(N)
SCB offers to raise bonds, fund power project
Standard Chartered Bank (SCB) has offered to raise Pakistan bonds in the international markets, The News learnt on Thursday.It’s also offered to provide a credit line for the multi-million dollar Neelum-Jehlum hydropower project.
Senate body for resolving land dispute in Gwadar Port
The Senate's Standing Committee on Ports and Shipping on Thursday formed a sub-committee to resolve land dispute between Pakistan Navy and Balochistan government and vowed to develop the Gwadar Port at any cost because it is the biggest project in the country's history.