Pakistan may ask foreign banks for a loan of $500m
Pakistan in an effort to ease the forex reserves from perilous fall and to stablise falling rupee value against dollar would ask foreign commercial banks in Pakistan for a loan of $500 million for a refund period of 12 months, sources in the Ministry of Finance said on Monday. more... (DT)
Govt to facilitate foreign investment
The next meeting of the Economic Coordination Committee (ECC) will take up the pending issue for early operationalisation of 150CC Yamaha Motor Cycle plant in the country. more... (DT)
Exports increase 2.65% in July 2013-14 on year
Exports from the country increased by 2.65 percent during July of the current fiscal year 2013-14 as against the exports of the same month of the last fiscal year.
Iran-Pakistan project: Pakistan section of pipeline to miss deadline
With a deadline looming, the government on Monday told the National Assembly that it will take two years to complete Pakistan’s section of the Iran-Pakistan (IP) gas pipeline project. more...(ET)
Floods may push cotton prices, affect exports
Local cotton exports are likely to be affected and cotton prices may go up following damage to the crops due to flash floods and heavy rains this monsoon season.In case floods and rain damage the (cotton) crop, exports will be affected and accordingly cotton prices in the local market are expected to go up.
Ministry revises schedule of power tariff
The Ministry of Water and Power has notified the schedule of electricity tariff for distribution companies and the Karachi Electric Supply Company (KESC), following the government’s decision to increase power rates and reduce subsidy gradually. more...(N)
Debate on Vision 2025: Experts doubt PC will come up with credible reforms
As the government formally initiates debate on Vision 2025, which is aimed at undertaking major reforms, experts have called into question the ability of planners to produce an intricate policy document that too without taking provinces on board. more...(ET)