Mubashar_ali
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Dawn Economic Review:
This week (February 11- 17)
The rice advisory board (RAB), headed by caretaker food minister Mohammad isa jan baloch, proposes an unhindered export of rice. The proposal came just two weeks after caretaker prime minister Mohammad Mian Soomro stated that export of rice would be encouraged only after meeting the domestic needs.
THE Government finalizes a plan to double the annual development expenditure from $8Bn to $16Bn with the help of private sector to improve the crumbling infrastructure.
The Executive committee of the national economic council (Ecnec) approves 23 new development projects worth Rs309.1 billion and revises the cost of nine ongoing projects from Rs6.2 billion to Rs8.2 billion. The total foreign exchange component (FEC) of the projects has been estimated at Rs139.4 billion.
The government decides to rationalize this year's development programmed by restricting the release of funds for projects that are yet to take off to meet the rising fiscal gap, and the provinces have been asked to follow suit.
A Number of potential investors from Czech Republic plan to visit Pakistan to have first-hand knowledge of the available business opportunities here and to initiate joint venture with their Pakistani counterpart
Chief Minister of Tamil Nadu M. Karunanidhi has announced that he has given a go-ahead to import of cement from Pakistan, an Indian media source, "Money control", says in a report.
The Federal Board of revenue (FBR) compiles a list of 2,300 public sector development projects, for collection of withholding tax from this major non-compliant area under various provisions of the Income Tax Ordinance 2001.
The Finance ministry has to be calculate the impact of new monetary policy on the federal government borrowing, but the analysts believe that the central bank may not be able to serve the purpose through tight measures.
The competition commission of Pakistan (CCP) tells the ministry of finance that exempting the banking sector from application of competitive ordinance, as desired by the state bank of Pakistan, is not in the interest either of the country or the public, it is learnt.
The Bahrain Islamic leader, Albarka Banking Group, says it is eyeing an Indonesian acquisition of about $60 mn and a $40 billion share sale in Pakistan to expand its industry's largest branch network.
India is unlikely to attend a meeting called by Iran next week to finalise the Iran-Pakistan-India gas pipeline projects it would first like to settle a transit fee issue with Islamabad, say reports.
The govovernmetn reconstitutes the boards of directors of two leading public sector corporations, bringing to light a tussle between supporters of the current and former prime minsters.
This week (February 11- 17)
The rice advisory board (RAB), headed by caretaker food minister Mohammad isa jan baloch, proposes an unhindered export of rice. The proposal came just two weeks after caretaker prime minister Mohammad Mian Soomro stated that export of rice would be encouraged only after meeting the domestic needs.
THE Government finalizes a plan to double the annual development expenditure from $8Bn to $16Bn with the help of private sector to improve the crumbling infrastructure.
The Executive committee of the national economic council (Ecnec) approves 23 new development projects worth Rs309.1 billion and revises the cost of nine ongoing projects from Rs6.2 billion to Rs8.2 billion. The total foreign exchange component (FEC) of the projects has been estimated at Rs139.4 billion.
The government decides to rationalize this year's development programmed by restricting the release of funds for projects that are yet to take off to meet the rising fiscal gap, and the provinces have been asked to follow suit.
A Number of potential investors from Czech Republic plan to visit Pakistan to have first-hand knowledge of the available business opportunities here and to initiate joint venture with their Pakistani counterpart
Chief Minister of Tamil Nadu M. Karunanidhi has announced that he has given a go-ahead to import of cement from Pakistan, an Indian media source, "Money control", says in a report.
The Federal Board of revenue (FBR) compiles a list of 2,300 public sector development projects, for collection of withholding tax from this major non-compliant area under various provisions of the Income Tax Ordinance 2001.
The Finance ministry has to be calculate the impact of new monetary policy on the federal government borrowing, but the analysts believe that the central bank may not be able to serve the purpose through tight measures.
The competition commission of Pakistan (CCP) tells the ministry of finance that exempting the banking sector from application of competitive ordinance, as desired by the state bank of Pakistan, is not in the interest either of the country or the public, it is learnt.
The Bahrain Islamic leader, Albarka Banking Group, says it is eyeing an Indonesian acquisition of about $60 mn and a $40 billion share sale in Pakistan to expand its industry's largest branch network.
India is unlikely to attend a meeting called by Iran next week to finalise the Iran-Pakistan-India gas pipeline projects it would first like to settle a transit fee issue with Islamabad, say reports.
The govovernmetn reconstitutes the boards of directors of two leading public sector corporations, bringing to light a tussle between supporters of the current and former prime minsters.
