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Govt to take parliament into confidence over IMF program: Dar

Source: Geo News | 09-07-2013

ISLAMABAD: Finance Minister Ishaq Dar has said that the government would take parliament into confidence over International Monetary Fund (IMF) program, Geo News reported.

Speaking to media before Microfinance Seminar here Tuesday, Ishaq Dar said the IMF agreed to provide loan of $5.3 billion after the incumbent government put the economy on right path.

He said Pakistan wanted loan of $7.3 billion and the first installment of $3.5 billion so that it became easy for the country to repay to IMF.

Dar made it clear that the government had not yet decided to raise power tariff.

The finance minister said they would hide nothing and would share it with 185 million people. He added that the agreement with IMF would also be put on the ministry’s website after it was inked on September 04.

Oil prices rise on Ukraine fears

Source: Geo News | 08-04-2014

Oil prices rose in Asian trade Tuesday on renewed fears about Ukraine after pro-Russian protesters seized government buildings in the eastern city of Donetsk. New York´s main contract West Texas Intermediate (WTI) for May delivery rose 46 cents to $100.90 a barrel in mid-morning trade and Brent North Sea crude for May gained 31 cents to $106.13 Read more

Budget calendar to be followed

Source: Dawn News | 14-02-2013

The government is confident of completing the financial and political transition to the next elected government on schedule — between May 15 and June 30 — following initial feedback from Punjab suggesting holding of elections for national and provincial assemblies on the same day. A senior cabinet member told Dawn that the finance minist..... Read more

European stocks remain bearish

Source: Dunya News | 27-07-2013

LONDON (AFP) - European stock markets mostly fell on Friday, as investors digested mixed company results, but Paris advanced amid a rosier outlook, analysts said. Many investors took their cue from Wall Street, which was muted overnight in the face of disappointing jobs and consumer data, dealers said. In late morning deals, London ..... Read more

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