Govt to sell T-bills through stock market
The PML-N government has decided to sell Treasury Bills through stock market and asked the regulators to frame laws to protect stakeholders’ interest in the government securities. more... (D)
Foreign investment up 46pc in July
Foreign private investment increased by 46 per cent in the first month of this fiscal year, though in absolute terms the amount is not impressive. During the last five years, foreign direct investment hit the rock bottom. more... (D)
Gas prices likely to be pushed up 2.8%
Consumers around the country will soon have to dig deeper into their pockets when gas prices are revised upwards by 2.8%.The price hike proposed by the Oil and Gas Regulatory Authority (Ogra) is awaiting the prime minister’s approval and is likely to be made effective retroactively from July 2013.
Confused market: Fertiliser industry sends mixed signals
Despite large amounts of urea imports, farmers in Sindh – a province with significant share in Pakistan’s agriculture produce – say they are facing urea shortages that have affected agriculture output in the Kharif season and possibly the upcoming Rabi season. more...(ET)
Shying away: Foreign assistance falls behind projections by a third
As former rulers struggled to overcome a credibility crisis, combined with deteriorating economic conditions that kept international lenders at bay, Pakistan closed the last financial year with $2.5 billion in foreign funding, falling behind budgetary projections by a third. more...(ET)
Finance minister confirms first payment by IDB
Finance Minister Ishaq Dar confirmed on Saturday that the first trance payment from an assistance program by the Islamic Development Bank had been received and assured businesses that the government will not abuse its access to banks. more...(ET)
Boosting trade: Pak-China economic corridor plan gets premier’s go-ahead
Pakistan-China economic corridor plan was approved by Prime Minister Nawaz Sharif on Friday.Terming the scheme a ‘step towards boosting economic activities in the region’ the premier stated that the plan upon its implementation would connect Pakistan with China and the Central Asian countries.