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Govt plans to pay back circular debt within 60 days

Source: GEO News | 13-06-2013

SLAMABAD: Minister for Finance Ishaq Dar Thursday said the government had chalked out a plan to pay back circular of Rs 500 billion within 60 days.

Addressing a post-budget press conference, the minister said that the inflation rate would be maintained at 8 per cent.

Dar said the government would never let increase the volume of loans as it was the root cause of all the issues being faced by the country.

He said the government would spend the money only under the specified heads.

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Forex reserves surge to $13.782b

Source: The Nation | 18-01-2013

Country’s foreign exchange reserves surged by $123.6 million to around $13.782 billion as on January 11, 2013. According to State Bank of Pakistan here on Thursday, the foreign exchange reserves held by the central bank improved to $8.951 billion while reserves held by banks stood at about $4.831 billion during the week Read more

Oil prices higher in Asian trade

Source: Geo News | 19-07-2013

SINGAPORE: Oil prices inched higher in Asian trade Friday on upbeat US corporate and economic news, although profit-taking limited gains, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in August, rose one cent to $108.05 a barrel, while Brent North Sea crude for September was up 12 cents at $108.82. WTI soared $1...... Read more

Govt to ban sale of above-sanctioned load of CNG

Source: The Nation | 03-01-2013

The government has now decided to put a complete ban on the sale of CNG above sanctioned load by filling stations across the country. Sources aware of the matter told TheNation that government in a bid to put a cap on once robust CNG industry has initiated to materialise a newly-devised strategy under which a complete ban would be imposed on th..... Read more

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