Major housing initiative under way
The federal government has decided to take 20 per cent stake in the proposed Mortgage Refinance Company (MRC), a joint initiative of the State Bank and the International Finance Corporation of the World Bank.
This was stated by the State Bank Governor Salim Raza on Saturday in a seminar on housing sector organised by the Association [...]
New wave of price spiral on its way
As the falling rupee has already made imports costlier, consumers are set to pay Rs0.50 to Rs2 per kg more as the direct outcome of over nine per cent increase in petroleum prices for this month.
The rupee stood at Rs80 to a dollar in January 2009 which slipped to Rs84.50 in January 2010 and on [...]
Banks hold Money
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The much-needed transfer of over Rs680 billion public sector funds lying unspent with commercial banks to the government’s single treasury account (TSA) has been delayed for another six months because of difficulties being faced by the banking sector, it is learnt.
Under the original standby arrangement with International Monetary Fund, the government was required [...]
13.5 % Electricity price Hike
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The government has decided to withdraw electricity subsidies being given to lifeline consumers and the agriculture sector.
The withdrawal of subsidy is part of the second phase of tariff increase under a commitment made to the International Monetary Fund. The tariff will be increased by 13.5 per cent for the January-March period next year. [...]
Stocks gain 243 points
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The KSE 100-share index on Monday staged a strong rally, up three per cent or 243 points, consolidating well above the crucial barrier at 9,280.16 and a leading analyst Ahsan Mehanti says it could be the beginning of the year-end portfolio adjustments aided by spillover demand from Dubai bourse.
The price flare-up was across [...]
Moving Up
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The stock market on Wednesday turned in an improved performance aided by active short-covering at the lower levels on the blue chip counters but the underlying sentiment remained terribly shaky owing to security concerns and political uncertainty.
The KSE 100-share index, however, managed to finish the session with a modest rise of 61.47 points [...]
New Horizons for Pak Businessmen
It is indeed a good news for all our Pakistani’s businessmen who are capable of doing business abroad. The business visas for US has been re-opened after all most six years. Now our traders will go to US for trade expansion, for spending their holidays and for other business activities.
It shows that US is serious [...]
Latest Sugar Promise
The Economic Coordination Committee (ECC) of the cabinet has allowed sale of sugar through utility stores at Rs38 per kg. At a meeting presided over by Finance Minister Shaukat Tarin on Tuesday, the ECC decided to augment supply to the Utility Stores Corporation from imported sugar and stocks held by the Trading Corporation in view of [...]
