Economic and Finance News
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State Bank slashes discount rate to 7.5 percent: 5th cut in 15 months
KARACHI (November 17 2002) : The State Bank of Pakistan has slashed the discount rate by 1.5 percent, from 9…
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July-October foreign direct investment inflow up by 234 percent
ISLAMABAD (November 17 2002) : The flow of foreign direct investment during July-October 2002 period increased by 234 percent as…
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Board of Investment estimates to attract $1 billion as direct foreign investment
KARACHI (November 17 2002) : The Board of Investment has estimated to attract one billion dollars as direct foreign investment…
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Remittances swell 170 percent in four months
KARACHI (November 17 2002) : The home remittances have shown a growth of 170 percent in the first four months…
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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 team snubs Water, Power Development Authority for changing targets
ISLAMABAD (November 14 2002) : The International Monetary Fund (IMF) has snubbed the Water and Power Development Authority (Wapda) for…
