Economic and Business Updates - February 02 to 08, 2009
Monday, February 9, 2009
- The Asian Development Bank will provide $1.5 billion loan to Pakistan for undertaking development projects in different sectors during the current calendar year.
- The State Bank of Pakistan agrees to the Securities and Exchange Commission of Pakistan’s recommendations to allow financial institutions to amortise the deficit upon revaluation listed equity in vestments, TFCs and Sukuk, it is reliably learnt.
- An estimated 150,000 workers have been laid off by auto vendors and assemblers in the last few months in the wake of persistent fall in sales of cars.
- The government will refund research and development (R&D) claims to knitwear and woven-garments exporters next week and also three percent interest subsidy on loans for the spinning industry at the earliest.
- Pakistan's public debt is seen rising by Rs2 trillion by the end of 2008-09, the highest ever increase in a single year.
- The Central Directorate of National Savings announces profit of Rs1400 per month on an amount of 100,000 on its various schemes.
- The government releases Rs2 billion price differential claims of the oil Marketing Companies to ensure the availability of the produce in the country.
- Japan is inviting key nations to a conference to drum up aid to stabilize Pakistan in what it hopes will be one of US Secretary of State Hillary Clinton’s first foreign trips, says senior US official.
Ref: Daily Dawn - Business and Economic Review dated 09-02-2009
Labels: Economy and Business, Pakistan Economy
posted @ 11:18 AM,
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