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Forex reserves dip to $13.549 billion

Source: The Nation | 01-02-2013

The country's foreign exchange reserves have slipped by $156 million to around $13.549 billion as on January 25, 2013. According to State Bank of Pakistan here Thursday,

the foreign exchange reserves held by the central bank declined to $8.654 billion while reserves held by banks stood at about $ 4.895 billion during the week. The amount of remittances from Pakistanis living abroad rose 12.51 per cent to $7.116 billion in the first half, July to December, of the 2012/13 fiscal year, from 6.325 billion dollars in the same period last year.

Oil prices fall in Asian trade

Source: The News | 14-03-2013

Oil prices declined in Asia on Thursday after the International Energy Agency (IEA) lowered its global demand forecast while data showed an increase in US inventories, dealers said. New York's main contract, light sweet crude for delivery in April dropped 25 cents to $92.27 a barrel and Brent North Sea crude for April delivery shed 29 cents to $108.23...... Read more

FBR fetches Rs 3b as 10,000 smuggled vehicles legitimised

Source: The Nation | 29-03-2013

The Federal Board of Revenue (FBR) has fetched Rs 3 billion through legitimising around 10,000 (ten thousand) vehicles across the country under the amnesty scheme notified by it, for legitimising the smuggled and non-duty paid vehicles. According to the statement issued here, the smuggled vehicles’ amnesty scheme notified by the federal government..... Read more

Neelum-Jhelum Hydropower Project: Officials opposing costly loan agreement removed

Source: Dawn News | 14-03-2013

Two days before the end of its five-year tenure, the government is likely to sign a $500 million commercial loan agreement with a foreign bank to finance the $2.8 billion Neelum-Jhelum Hydropower Project of 969MW capacity. According to an official, the agreement is being finalised at about eight per cent interest that works out to about 15 per cent afte..... Read more

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