First step toward realisation of key 'economic corridor': inaugural meeting held
The inaugural meeting of Joint Co-operation Committee (JCC) of China-Pakistan Economic Corridor was held here on Tuesday between a Chinese delegation led by Zhang Xiaoqiang, vice chairman National Development and Reforms Commission (NRDC) and representatives of different ministries. more... (BR)
Debt servicing eats up Rs900 billion in FY13
Debt servicing of domestic and external liabilities has become the single largest component of the country’s expenditures, as it consumed Rs990 billion during the last financial year ended on June 30.
SBP stresses upon Islamic finance industry to develop Islamic microfinance
State Bank of Pakistan has stressed upon the Islamic finance industry should take steps to make individual as well as collaborative efforts to develop Islamic microfinance in the country.
Big rise in tax revenues as reforms kick in
The government, keen to show its commitment to fixing its ailing finances, on Tuesday reported a 25% rise in tax revenues since the beginning of the fiscal year due to a raft of new tax collection measures. more...(ET)
UCGR proposes new credit rating system for Pakistan
A newly-formed non-sovereign global credit rating agency has asked the government of Pakistan to seek sovereign credit rating from it as an alternate to the existing rating by the domineering foreign rating agencies – including Moody’s, Standard & Poor’s and Fitch. more...(N)
Feed gas: fertiliser companies claim getting subsidy, government refutes
Fertiliser companies claim they are getting subsidy of Rs 294 per bag on feed gas whereas federal government refutes this claim, saying that the amount of subsidy varies from plant to plant on the basis of efficiency. more...(BR)
DISCOs seek tariff revision
Five power distribution companies (DISCOs) have filed petitions with the National Electric Power Regulatory Authority (NEPRA) for the upward revision of their consumer-end electricity tariff in the fiscal year 2013-14. more...(N)