EconomyTwelve-member delegation leaves for Sydney to attend 3-day FATF moot
According to the report, a total of 4,643 dubious transactions linked to money laundering and terror financing were unearthed and blocked since 2015
Jan 5, 2019
Monitoring Report
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Economy
EconomyGas shortage and power plants tripping cripples’ national grid
Pakistan Electric Power Company (PEPCO) on Friday disclosed total power generation stood at 9,800 megawatts, whilst demand was 12,500 megawatts, resulting in a shortfall of 2,700 megawatts
Jan 5, 2019
EconomyRLNG supply not feasible to fertilizer plants, facing liquidity crunch says, SNGPL
To avoid a liquidity crisis, SNGPL has requested the Ministry of Finance to release subsidy amount worth Rs1,332,184,376 against gas provided to both fertilizer plants from December 8th to December 31st, 2018 on an immediate basis
Jan 5, 2019
EconomyReport puts entire blame of gas crisis on MD's of SNGPL & SSGC
According to officials, the major beneficiaries of the recent gas crisis was the oil mafia which was successful in promoting the utilization of imported furnace oil in power plants in contravention of the merit order
Jan 5, 2019
EconomyNTDC to depute anti-fog insulators for controlling tripping in foggy weather
To rein in these incidents, the NTDC has floated tenders and it is anticipated the anti-fog insulators will be installed at Port Qasim by March 2019
Jan 5, 2019
EconomyGovernment borrowing from SBP shoots up to Rs1.43 trillion in first half of FY18-19
Government borrowing from the central bank surged up five times to Rs1.43 trillion during the 1st half of FY18-19 compared to Rs288.09 billion in the same period of last year (SPLY)
Jan 5, 2019
EconomyChinese entity expresses interest in reviving PSM
CFMCC in its letter of intent (LoI) has said it is a big state-owned enterprise and China Metallurgical Group Corporation holds shares in the company, which is amongst the top 500 companies globally
Jan 5, 2019
EconomyUAE Crown prince likely to announce $3.2 billion oil credit facility
Saudi-based International Islamic Trade Finance Corporation (ITFC) is likely to extend $1.5 billion in annual credit facility for LNG imports, said officials
Jan 5, 2019
EconomyGovt disbursed Rs187 billion under PSDP 2018-19
No funds have been released by the government till now for the commerce division, inter-provincial coordination division and religious affairs and inter-faith harmony division
Jan 2, 2019
EconomyGovt obtained $50 million from foreign commercial banks in November
According to the latest EAD data, Pakistan provisionally received over $1.86 billion in foreign loans during the first five months (July-November) of FY18-19 compared to $2.877 billion or 36% fall in the corresponding period of last year
Jan 2, 2019
EconomyTax collection grows 3.5% year-on-year, touches Rs1.79 trillion
The July-December FY18-19 collection is equivalent to 41% of the yearly target of Rs4.4 trillion
Jan 1, 2019
EconomyPower Division to share PPA details with CCoE
The details will include the financial ramifications of operating certain power plants out of the order of merit because of system constraints
Dec 25, 2018