Pakistani trade deficit falls 1.35% in July
Pakistan's trade deficit fell 1.35 percent in July, the first month of fiscal year 2013-14, the Bureau of Statistics said on Tuesday. The trade deficit fell to $1.719 billion in July from $1.743 billion the previous month. more... (DT)
ADB all set to support Diamer-Bhasha Dam
The Asian Development Bank (ADB) is on board and supportive of the construction of Diamer Bhasha Dam. "We have now moved ahead and working to find a way to structure it and we are already looking at various models in this regard," said Asian Development Bank (ADB) Operations-1 Vice President Xiaoyu Zhao when he met Finance Minister Ishaq Dar.
All formalities for IMF’s $6.6bn loan fulfilled: Dar
Federal Minister for Finance Ishaq Dar is confident of approval of International Monetary Fund's (IMF) fresh loan programme worth $6.6 billion by early September 2013 and said that all prior actions agreed with IMF have been completed well within the agreed timeframe.
Rs 2.5 billion subsidy to be given on urea import
The federal government will pay approximately Rs 2.5 billion subsidy on the import of 0.3 million tons of urea to facilitate farmers. Sources told Business Recorder on Tuesday. more...(BR)
Remittances from Middle East register exponential growth
According to recent data released by the State Bank of Pakistan in July, Pakistan has received a record sum of $13.920 billion in 2013, registering a growth of $800 million. Of the total remittances received by Pakistan, the Middle East region has a share of 60 percent. more...(TN)
Chinese assistance sought for coal gasification
The Pakistan Muslim League-Nawaz government, in its efforts to give a push to the coal gasification project initiated by scientist Samar Mubarakmand, is seeking Chinese help for developing a large underground gasification facility in Thar coal fields. more...(ET)
Trade to be raised to $2 billion: Pakistan, Thailand sign MoUs, agreement
Prime Minister Nawaz Sharif has said the economic and trade relations with Thailand are priority of the present government to increase bilateral trade to $2 billion in the next five years from current $1 billion. more...(BR)