The prime minister also directed implementation of the cabinet decision for import of 1.25mn tons of sugar.
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TOP STORIES
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Operator hopeful of salvaging $3bn copper venture
The Balochistan govt had threatened to cancel the project because of misgivings about the share of benefits. -
Economy may improve by year-end, says Gilani
A meeting chaired by the PM expressed hope that partial fulfilment of pledges made by the FoDP might help. -
HBFC loan default rate reaches 41pc
SBP has been rating the quality of House Building Finance Corporation’s assets as “unsatisfactory” for five years. -
AHIL merger with MCB subsidiary
Arif Habib Investment and MCB Asset Management Company informed KSE about discussions for “a possible” merger. -
Ten day ultimatum to resolve yarn export issue
Spinners decided to go on strike if the govt failed to resolve the issue of quantitative restriction on yarn exports.
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HIGHLIGHTS
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Equities firm as US economy, Greece fears ease
World stock index was positive for the first time since Jan as the euro also gained. -
US deficit, debt to exceed forecasts
Estimates show the budget deficit and national debt projections to be misjudged. -
Helping the economy
Pakistan should welcome US cooperation in areas other than militancy, nuclear weapons and security. -
CSF reimbursements
Pakistan’s efforts to fight terrorism are running into financial troubles on account of a trust deficit. -
Foreigners to continue investing in Pakistan
OICCI survey shows 74pc of foreigners to be interested in investing despite challenges.
WEATHER - PAKISTAN
Cities
PETROCHEMICAL PLANT
The cabinet decided not to probe ‘unauthorised changes’ in a Rs55bn contract days after the departure of Tarin.
INFLATION TENSION
Supply of credit to private sector continued despite central govt borrowing of Rs191bn for its budgetary support.
LEGAL HURDLES
The media and consumer and business forums may again have come to the rescue if legislators let the competition law lapse.
TOO BIG TO FAIL?
Despite poor economic growth the banks earned Rs62.3bn primarily because of a very high banking spread.
EXPORTING SURPLUS?
Food minister Gondal said the present govt would not repeat the faulty and rash decisions of the previous regime.
SBP INFLATION MONITOR
Higher inflation during January 2010 has been attributed to energy and fuel prices along with rupee depreciation.



