AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: External financing: government facing massive shortfall
According to MR Securities,
The federal government is facing massive shortfall in financing from the external sources, as just Rs34 billions have been received during the first half of the current
Rupee hits record low on political uncertainty, IMF repayment
The rupee hit an all-time low against the dollar owing to political uncertainty as the apex court indicted Prime Minister Yousuf Raza Gilani, besides the International Monetary Fund (IMF) repayment also increased the dollar demand.
Pakistan trims negative list for India
Pakistan’s Ministry of Commerce has proposed India-specific Negative List of 636 items from present 1,963 in wake of granting most favoured nation (MFN) status.
Energy sector TFC to boost firms liquidity
In an attempt to ease the liquidity problems of the energy sector, government has decided to issue term finance certificate (TFC) worth Rs137 billion with the industry grapevine suggesting the transaction is likely to be exhausted within couple of days.
‘Agri leaders can make Pakistan formidable force’
Strong leadership and commitment of key players from the agriculture sector can help Pakistan become a formidable force in the international market.
Govt working to reduce power demand, supply gap
The government intends to do debt swap with independent power producers (IPPs) soon so that they have more space to operate and also attempt to change business by bringing in the private sector through hiring IPPs with efficiency at the bottom-line with new board of directors of generation companies offering them investment to enhance capacity.
Gilani approves loan write-off facility in KP
Prime Minister Syed Yousuf Raza Gilani approved extension of the loan write-off facility in areas of Khyber Pakhtunkhwa, affected by operations against militants.
Textiles lifted by WTO trade waiver
It makes a change, but Pakistani textiles boss Asghar Hussain is pleased. A year ago, recession, power cuts and poor security forced him to sack most of his workers.
Dispensers to refuse gas to substandard cylinders
Hydrocarbon Development Institute of Pakistan (HDIP), in collaboration with private sector, has launched a special campaign to avoid any untoward incident in Compressed Natural Gas (CNG) fitted vehicles throughout the country.
CIMA announces advanced diploma in Islamic finance
CIMA, The Chartered Institute of Management Accountants, launched its advanced diploma in Islamic finance among a distinguished gathering of leading industry figures from Pakistan at the Serena hotel, Islamabad.
Strike against SNGPL official’s arrest observed in Punjab
Sui Northern Executive Officers Association (SNEOA) observed strike on Monday along with the Employees Union of SNGPL at the company’s head-office and regional offices all over Punjab against the arrest of Executive Engineer Shahid Shaukat by Federal Investigation Agency on the charges of corruption and abuse of power.