Finance
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Banks, financial institutions allowed for asset securitisation through special purpose vehicle
KARACHI (November 16 2002) : The State Bank on Friday allowed banks and development financial institutions to participate in assets…
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Petroleum prices cut by Rs 3 per litre
ISLAMABAD (November 16 2002) : The government on Friday cut down petroleum products prices by 1.5 percent to 8.6 percent…
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Talks with World Bank on 3 new $550 million Structural Adjustment Credit projects
ISLAMABAD (November 16 2002) : The government and the World Bank have started preparation for negotiations on three new $…
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Ordinance issued: Non-banking finance companies asked to get licence from Securities, Exchange Commi
ISLAMABAD (November 16 2002) : The government has issued Companies (Second Amendment) Ordinance which asks every non-banking finance companies (NBFCs)…
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Government to cut defence expenditure to 3.6 percent of GDP
ISLAMABAD (November 16 2002) : In case of any unforeseen developments, which could threaten the fiscal deficit target, the government…
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IMF stresses need for 'contingency plan' to face various risks
ISLAMABAD (November 14 2002) : IMF has cautioned the economic managers against making loud claims regarding future projections of the…
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Loan period for letter of credit extended to six months
KARACHI (November 14 2002) : For the facilitation of exporters, the substitution of the Contracts, or LC, has been allowed…
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Foreign exchange reserves up to $8.637 billion
KARACHI (November 14 2002) : Pakistan's foreign exchange reserves have further improved by 95 million dollars in a week and…
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Four percent cut likely in prices of oil products on November 15
KARACHI (November 14 2002) : Oil Companies Advisory Committee (OCAC) might reduce oil products prices by as much as 4…
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Pakistan State Oil bidders ask for pre-bid moot in December
KARACHI (November 16 2002) : The prospective bidders of Pakistan State Oil Ltd have requested the government to hold a…
