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Pakistan, IMF talks begin in Islamabad

Source: GEO News | 20-06-2013

ISLAMABAD:Talks between Pakistan and the International Monetary Fund (IMF) have begun, Geo News reported on Wednesday.

Finance Minister Ishaq Dar is heading Pakistani delegation while Frank Jeffery leads IMF delegation.

Pakistan hopes to get three to $5 billion loan if the talks succeeded today.

Sources said that Islamabad seeks loan on easy installments and if the IMF demanded increase in gas and power tariff after every three months Pakistan would drop the plan to borrow loan.

The sources further said if Pakistan fails to get loan from IMF, it would seek letter of comfort for holding dialogue with Asian Development Bank and World Bank.

KSE gains 143pts amid circular debt concerns

Source: The Nation | 09-01-2013

As the political tension eased off, market rebounded by 143 points mainly supported by heavy weight OGDC and MCB. However, investors continued to remain wary from the uncertain political path ahead as volumes fell to 47-week low and remained confined to mid-capped stocks. AKBL and NCL also came in limelight. With change in management, AKBL brought ..... Read more

Punjab sugar mills stop payments to growers

Source: The Nation | 21-01-2013

Despite the tall claim of the Punjab Government, all sugar mills, after purchasing cane, have stopped payment to hard hit sugarcane growers without any plausible reason adding miseries to their life. All sugar mills nearly owes over rupees 100 billion towards innocent sugarcane growers and according the agreed formula, the mill management will pa..... Read more

NA body for forwarding OGDCL corruption case to NAB

Source: The Nation | 15-02-2013

National Assembly Standing Committee on Petroleum and Natural Resources Thursday recommended forwarding corruption case to National Accountability Bureau (NAB) against Oil and Gas Development Company Limited (OGDCL) officials responsible in purchasing faulty drilling machinery worth Rs 50 billion. NA body meeting was held here on Thursday under chair Engi..... Read more

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