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NA approves Finance Bill 2013-14

Source: Geo News | 28-06-2013

SLAMABAD: The National Assembly on Thursday passed the Finance Bill 2013 for fiscal year 2013-14 with a total outlay of Rs 3.985 trillion with a majority vote.

The bill was moved to the House by Minister for Finance, Senator Mohammad Ishaq Dar. The House rejected majority of amendments proposed by the opposition with a majority vote.

The finance bill approved by the House is aimed at measures to uplift economy, provide relief to low-income segments of the society and resolve pressing issues, the country was facing particularly the energy crisis.

The National Assembly also incorporated about 21 recommendations of the Senate in Finance Bill 2013.

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Gas pipeline: Pakistan, Iran to meet to finalise construction contract

Source: Tribune | 04-04-2013

Pakistan and Iran are set to resume talks in mid-April to finalise the award of a multi-million-dollar contract to an Iranian firm for laying a gas pipeline inside Pakistani territory, a process that has already been delayed because of some bottlenecks. “An Iranian team will arrive in Islamabad on April 15 and 16 to finalise the award of contrac..... Read more

Reserves may deplete to $8b by June 2013

Source: The Nation | 26-12-2012

The country’s gross official reserves may deplete to $8.24 billion by June 2013 which is 28 per cent or $3.2 billion, lower than what has been projected for last financial year 2011-12, said an official. The official said the current account deficit - gap between total foreign receipts and payments - is expected to widen to $5.3 billion or..... Read more

Dollar sags in Asia on Syrian tension

Source: Geo News | 27-08-2013

TOKYO: The dollar edged down against the safe-haven yen in Asia on Tuesday due to concerns over a possible US military action against Syria. The dollar was at 98.29 yen in Tokyo afternoon trade, down from 98.51 yen in New York Monday afternoon. The euro bought $1.3373 and 131.45 yen compared with $1.3369 and 131.68 yen. The greenback lost ground in t..... Read more

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