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09-Mar-2010 |
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President Asif Zardari and Prime Minister Yousuf Raza Gilani could not agree on the appointment of Shaukat Tarin replacement despite a stern warning from the Ministry of Finance that the absence of the head of Ministry of Finance with right credentials could possibly result in a delay in the |
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09-Mar-2010 |
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The Pak-Arab Refinery (Parco) has declined to provide jet fuel to Pakistan State Oil (PSO), on credit, for export to the US-allied forces operating in Afghanistan. According to sources, PSO owes Rs 67.6 billion dues to all local oil refineries on account of fuel supply. |
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09-Mar-2010 |
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The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Tuesday (today) with Minister for Petroleum and Natural Resources, Syed Naveed Qamar, in the chair will allow the Ministry of Ports and Shipping to hire a dredging firm to deepen and widen Port Qasim navigation |
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08-Mar-2010 |
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The government may fix revenue collection target for 2010-11 at Rs 1,711 billion, against Rs 1,380 billion for current 2009-10, reflecting an increase of Rs 311 billion. Sources told that the projected figure of Rs 1,711 billion has been given in the Medium-Term Fiscal Framework (2011-2013). |
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08-Mar-2010 |
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Pakistan and the United States are scheduled to hold the next round of strategic dialogue towards the end of the current month, in Washington, with acquisition of civil nuclear technology and military to military co-operation on top of Pakistan agenda. |
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08-Mar-2010 |
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The Securities and Exchange Commission of Pakistan (SECP) has issued draft of comprehensive amendments in the Securities and Exchange Commission (Insurance) Rules, 2002 to revise solvency requirements of insurance companies and specify guidelines on investment of such undertakings. |
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05-Mar-2010 |
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The State Bank of Pakistan has given green signal to the two banks for commencing due diligence for the acquisition of Royal Bank of Scotland (RBS). The SBP has allowed Faysal Bank and Egypt EFG-Hermes to conduct due diligence on RBS Pakistan operations. The RBS has put on sale |
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05-Mar-2010 |
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The Finance Ministry and the World Bank are jointly preparing a draft medium-term debt management strategy and analysing the liquidity impact on the banking sector after withdrawal of federal entity deposits next month, official sources told. |
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05-Mar-2010 |
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European Union (EU) on Thursday offered market access to quality goods of Pakistan saying that all members of the union are interested in promoting trade relations with Pakistan. The offer was made during a meeting of the ambassadors of the members of the European Union here at Governors House |
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04-Mar-2010 |
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The Securities and Exchange Commission of Pakistan (SECP) has decided to issue Companies (Investment in Associated Companies and Associated Undertakings) Regulations to facilitate companies interested in making investment in their associated companies. |
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04-Mar-2010 |
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The country is likely to miss a number of budgetary targets during the current fiscal year due to lower than expected external cash inflows and the energy crisis. The fiscal deficit, inflation, agriculture and services growth buegetary targets may not be achieved as fiscal deficit is estimated at over |
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04-Mar-2010 |
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Russian Federation of Chambers of Commerce and Industry (RFCCI) and Moscow Chambers of Commerce and Industry (MCCI) have shown interest in investing in oil & gas exploration, power generation (coal, gas and hydel), infrastructure projects, agriculture and heavy automobiles. |
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03-Mar-2010 |
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The government is likely to announce federal budget (2010-2011) on May 15, 2010, sources told. According to reliable sources, the Senate Standing Committee on Finance and Revenue had recommended last year while presenting (2009-2010 Budget) that next annual budgets should be tabled by the end of May every year. |
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03-Mar-2010 |
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State Bank of Pakistan Governor Salim Raza has prodded banks to revamp and restructure their agri lending mechanism through innovative products, and adoption of international best practices. Presiding over mid-term review meeting of the Agricultural Credit Advisory Committee (ACAC) at the State Bank of Pakistan, Karachi on Tuesday, he |
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03-Mar-2010 |
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The government may appoint advisor to Prime Minister on Finance instead of a full-fledged finance minister as the portfolio is expected to be kept by Prime Minister Yousuf Raza Gilani himself, sources said. They said the government has been weighing this option, which may have been one of the |
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02-Mar-2010 |
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Budget deficit for the first six months of current fiscal year (July-December) has been estimated at 2.7 percent of Gross Domestic Product (GDP), or Rs 403 billion in actual rupee terms, Ministry of Finance said. According to July-December 2009 fiscal operation figures report released by the Ministry of Finance |
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