Economic and Business Updates - May 04 to 10, 2009
Wednesday, May 13, 2009
The banking sector in Pakistan which so far escaped liquidity crisis is facing stagnant deposit growth for the last two months signifying the potential risk behind the scene.
The annual trade between Pakistan and china has sur passed $7 billion during 2008 and will rise to $15 billon by 2011, says Chinese ambassador lou zhaohui
The finance ministry releases Rs 120 billion for the ongoing development project under the public sector development programme during the first nine months of the 2008-9 financial year.
The cabinet approve the benazir tractor scheme to provide 20,000 tractors to farmers at discounted rates aimed at boosting the agriculture sector .
The federal board of revenue collects Rs 898.64 billion as taxes during 10 months of the current fiscal year, against Rs 763.592 billion collected during the corresponding period last year, reflecting an increase of 17.7 per cent .
The cumulative profit listed cement sector companies increase to Rs 3.7 billion in the nine months of fy09 depicting a massive growth of 833 per cent over the in corresponding period on fy 08 when it was Rs 395 million.
The Islamic development bank agrees to provide $100 million to achieve the targets of poverty reduction strategy paper set for health and microfinance sectors.
The revenue target for the current fiscal seems to be an uphill task and could pose a downside risk to the ongoing stabilization programme says ministry of finance in its review of economic situation for july march 2008-2009.
The securities and exchange commission of Pakistan introduces a transparent procedure for closed end scheme to buy back its own certificates.
Pakistan national shipping corporation needs $400 million to acquire at least 10 oil bulk and general cargo vessels.
The annual trade between Pakistan and china has sur passed $7 billion during 2008 and will rise to $15 billon by 2011, says Chinese ambassador lou zhaohui
The finance ministry releases Rs 120 billion for the ongoing development project under the public sector development programme during the first nine months of the 2008-9 financial year.
The cabinet approve the benazir tractor scheme to provide 20,000 tractors to farmers at discounted rates aimed at boosting the agriculture sector .
The federal board of revenue collects Rs 898.64 billion as taxes during 10 months of the current fiscal year, against Rs 763.592 billion collected during the corresponding period last year, reflecting an increase of 17.7 per cent .
The cumulative profit listed cement sector companies increase to Rs 3.7 billion in the nine months of fy09 depicting a massive growth of 833 per cent over the in corresponding period on fy 08 when it was Rs 395 million.
The Islamic development bank agrees to provide $100 million to achieve the targets of poverty reduction strategy paper set for health and microfinance sectors.
The revenue target for the current fiscal seems to be an uphill task and could pose a downside risk to the ongoing stabilization programme says ministry of finance in its review of economic situation for july march 2008-2009.
The securities and exchange commission of Pakistan introduces a transparent procedure for closed end scheme to buy back its own certificates.
Pakistan national shipping corporation needs $400 million to acquire at least 10 oil bulk and general cargo vessels.
Labels: Economy and Business, Pakistan Economy
posted @ 11:25 AM,
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