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Fiscal Year 2008 PSDP allocation may go up by 17 percent ISLAMABAD (April 12 2007): The size of the Public Sector Development Programme (PSDP) for federal programmes in the next fiscal year is expected to be increased by 12 to 17 percent and could be close to Rs 315 billion compared to Rs...

Pakistani overnight rates rise; rupee up vs dollar KARACHI (updated on: April 12, 2007, 17:58 PST): Pakistan's short-term money rates rose on Thursday following outflows of more than 71 billion rupees from the market, and dealers said rates were likely to hold around current levels in...

ADB to provide financial assistance for construction, energy, other sectors KARACHI (updated on: April 12, 2007, 21:47 PST): Asian Development Bank (ADB) will provide financial assistance for the construction, infrastructure development, irrigation and energy sectors of Pakistan, a...

UAE invest $3.2 billon on 'Flower of Asia' project in Gwadar QUETTA (updated on: April 12, 2007, 21:37 PST): Balochistan government and UAE entered into an agreement under which HRC Pakistan Ltd and Gwadar Coast Center Ltd will invest 3.2 billion dollars on setting up Oil & Gas service...

KSE market capitalization surge by over Rs100b KARACHI: Karachi Stock Exchange (KSE) market capitalization this week soared by Rs111 billion. KSE released figures showed market capitalization this week aggregating to Rs3176 billion as compared to Rs3065 billion in the previous week. In...

Chinese firm to set up truck manufacturing plant in Pakistan ISLAMABAD (April 09 2007): A Chinese firm would invest $100 million for setting up of first-ever heavy-duty truck, dumper and carrier manufacturing plant in Pakistan, said Ma Xiaoyan, representative of China National Heavy-Duty Truck...

World Bank not satisfied with power sector investment pace ISLAMABAD (April 09 2007): The World Bank is not satisfied with Pakistan's pace of investment in the power sector and wants that the government should inject more funds to improve electricity generation, distribution and transmission...

PQA sees $4 billion FDI in various projects KARACHI (April 05 2007): The Port Qasim Authority (PQA) is expecting $4 billion foreign direct investment (FDI) in its various projects to be constructed in the proximity of the port. The PQA has earmarked an investment of Rs 8 billion in various...

Pakistan and India agree to speed up IPI gas line project NEW DELHI (April 05 2007): Pakistan and India on Wednesday reaffirmed unflinching commitment to complete Iran-Pakistan-India (IPI) gas line project on fast track basis and to ensure an additional source of import to meet their...

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