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Pakistan, IMF finalise talks on fresh bailout package

Source: Geo News | 03-07-2013

ISLAMABAD: The second round of ongoing talks between Pakistan and a visiting delegation of the International Monitory Fund (IMF) on fresh bailout package concluded on Wednesday and Islamabad is likely to formally seek $5 billion package today, sources said.

Finance Minister Ishaq Dar and IMF delegation headed by Jeffery Frank held final round of talks in Islamabad.

During the talks both the sides agreed on measures for increasing tax income, ending subsidies on electricity and raising power tariff within the next three years in different phases. However, consumers using up to 300 units would continue to get electricity on subsidized rates.

LPG price goes up by Rs 10 per kg

Source: The Nation | 21-12-2012

Putting deaf ear to the notification of Ogra, the LPG marketing companies, at their sweet will, on Thursday once again jacked up commodity price by Rs10 per kg, reliable sources informed TheNation. LPG Distributors Association Pakistan Chairman Irfan Khokhar, in a statement, said marketing companies, while taking benefit from court order, have rais..... Read more

Pak Suzuki reports 23% higher profits for 2012

Source: Tribune | 22-03-2013

The Pak Suzuki Motor Company (PSMC) – the biggest auto company of the country by market share – has reported profit after tax of Rs980 million for the calendar year 2012 (CY12), up 23% if compared to Rs796 million reported for the preceding year. The earnings per share of the company increased to Rs11.88 in CY12, compared to Rs9.65 in CY11...... Read more

Govt to introduce amends in Power Policy 2002

Source: The Nation | 18-12-2012

Owing to continued electricity crisis coupled with hike in power rates with each passing day, the government has decided to introduce amendments in the Power Policy 2002, which, however, will be implemented after the approval of Council of Common Interests (CCI) in the country. In an apparent bid to control billion rupees worth subsidy in the power ..... Read more

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