The govt again went beyond its target to borrow through PIBs mounting debt close to Rs1 trillion in one month.
The auction of 3G, 4G licences fetched $1.12bn, putting it very close to the expected $1.2bn target set by the govt.
Zong wins 4G licence; Mobilink claims 10MHz band for 3G; Ufone, Telenor happy with 5MHz
WEF notes that Pakistan has ensured technology affordability to businesses and individual consumers.
Stocks tumbled more than 1.6 per cent as ‘banks’ were believed to have resorted to heavy profit-taking in key stocks.
The increase was due to the hike in export of raw cotton and low value-added products.
$903 million were raised for 3G mobile phone networks, as well as $210 million for the more advanced 4G spectrum.
The PM also stressed the need to make PIA a profitable entity and said all efforts should be made in this direction.
UK’s Department for International Development will provide £200m for enterprise and asset growth initiative in Pakistan.
Forty-two per cent respondents of the survey claim to have witnessed instances of power theft.
Mehmood explained his working agenda, putting launch of 4,500MW Diamer-Bhasha Dam project on top of his priority list.
Some seven local pharmaceuticals have already inititated projects costing Rs3 billion to Rs5bn in the last 2-3 years.
A multi-dimensional poverty index based on global MPI methodology for calculating poverty was launched on Thursday.
Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.
|Countries||Selling (Rs.)||Buying (Rs.)|