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Italy: Parliament passes economic measures

Source: Dunya News | 27-07-2013

ROME (AP) - Italy s lower house passed a series of measures aimed at combatting the economic crisis after opposition lawmakers from Beppe Grillo s 5 Star Movement gave up on a two-day filibuster.

The obstructionist tactics by the anti-establishment 5 Star Movement sets the stage for a difficult two weeks for Premier Enrico Letta s uneasy coalition government. It aims to pass six decrees before September besides a raft of draft laws, including one opposed by Grillo s followers to allow the constitution to be amended. Parliament is set to recess Aug. 8.

The 117 measures passed Friday allow users to access public Wi-Fi points without identification, prohibits the seizure of primary residences and proposes a ceiling for the salaries of heads of public companies.

Macroeconomic stability at risk

Source: The Nation | 08-02-2013

Looming repayments to IMF pose risks to Pakistan’s macroeconomic stability and external payments position. Moody’s Investors Service says any further decrease in capital flows and the absence of emergency liquidity infusions would ultimately pressure reserve adequacy and increase the possibility of default. Moody’s Investors Service said..... Read more

Oil prices up

Source: Dunya News | 26-12-2013

Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season. New York's main contract, West Texas Intermediate for February delivery, was up 13 cents at $99.35 in afternoon trade while Brent Nor..... Read more

PPIB to process 1,161MW projects

Source: The Nation | 15-02-2013

Private Power and Infrastructure Board (PPIB) on Thursday allowed to process 1,161 MW hydel projects through public private partnership, giving hydel power a priority to meet growing energy demands of the country. First meeting of the Board of PPIB held after receiving statutory status through an Act of the Parliament held here under chair Federal Ministe..... Read more

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