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EconomyThe ban was enforced from the 1st of July of the current financial year 2018-19 and a source in the automobile industry shared the trend of car booking during this period reveals annual auto sales will plunge to 168,000 from 240,000 units
EconomySources shared the APG team voiced its concerns over slow action on high-risk areas like banks, insurance companies, asset management companies and securities
EconomyCumulative receivables till the end of June 2018 ratcheted up to Rs824.3 billion, rising from Rs670 billion in FY17, said the report
EconomyThe raising of the new debt via PIBs and MTBs will help the government to partially plug in the deficit in budgetary financing, which economists worry will be higher than the target of Rs2 trillion for FY19
EconomyFrom a total of 20 private sector members, four are from the textile sector, two from the cement sector and others from sports goods, automobile, logistics, retail, petrochemical, engineering and computer businesses
Economy-Currently, the interest rate is 8.5 percent which the IMF seeks to be between 11 percent to 12.5 percent for reining in inflation and reduce current account deficit. - IMF calls for Pakistan to adopt a free float exchange rate regime instead of the current managed exchange rate
Economy
EconomyMr Sarwar shared the visiting Saudi delegation had been offered to be a part of the $2 billion North-South Gas pipeline and bid for the forthcoming 10 petroleum exploration blocks set to be auctioned soon
EconomyECC was told that contractual obligations of EETPL up to provide an annual average of 600 million cubic feet per day (mmcfd) of LNG and contractual quantity for the first year was 1.5 million tons per annum or an annual average of 200 mmcfd
EconomyAccording to sources, the IMF felt the 8.5 percent interest rate was insufficient and should raise it to 11 percent to ward off inflationary pressure and reduce the current account deficit (CAD)
EconomyIMF team has projected that pressures of twin deficit would continue for Pakistan in FY19, as it assessed budget deficit may cross 6 percent of Gross Domestic Product (GDP) against an official estimated target of 5.1 percent of GDP
EconomyFrom the entire allocation of Rs406.631 billion for development projects, the government has reserved Rs72.685 billion for energy, Rs250.837 billion for transport and communication, Rs64.244 billion for water sector and Rs18.866 billion for physical planning and housing