News
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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…
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IMF completes fourth review of PRGF: fiscal deficit remains much below at Rs 44 billion
ISLAMABAD (November 21 2002) : The International Monetary Fund has completed fourth review of the Poverty Reduction and Growth Facility…
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SEC: Ernst & Young Violated Rules
WASHINGTON (AP) – Federal regulators, after an initial failure, alleged for a second time Wednesday that Ernst & Young violated…
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IMF informed of Karachi Electric Supply privatisation uncertainty
ISLAMABAD (November 13 2002) : The government has informed the visiting mission of International Monetary Fund (IMF) that privatisation of…
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Pakistan disappointed on Financial Sector Assessment mission delay
ISLAMABAD (November 13 2002) : The government showed disappointment that the IMF and the World Bank have again delayed the…
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IMF stresses need to rely more on market forces
ISLAMABAD (November 13 2002) : At end of June, 2002, about 40 percent of total financial savings were still channeled…
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Six of 29 Poverty Reduction and Growth Facility criteria not met
ISLAMABAD (November 13 2002) : Out of total 29 structural performance criteria and benchmarks under the Poverty Reduction and Growth…
