Ordinances promulgated before Dec 15, 2007, including the competition ordinance, require approval within 120 days.
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TOP STORIES
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Undermining CCP will be damaging: Mirza
There will be no anti-trust law if the competition commission ordinance is not re-promulgated, said the CCP chairman. -
Index crosses 9,300 points on buying pressure
Hectic buying pushed up the 100-Index of the Karachi Stock Exchange by 55.17 points to close at 9,306.36.19 points. -
Developing countries create own tariff deal outside WTO
Pakistan, 21 other nations poised to expand the General System of Trade Preference to boost intra-group trade. -
FBR sees extra Rs400bn after VAT enforcement
FBR Chairman said the VAT would also increase the tax-to-GDP ratio by three to five per cent in three to five years. -
US business visas to be issued from Lahore soon
The US Consul General said that the US was taking all possible measures to ensure economic stability in Pakistan.
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HIGHLIGHTS
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Farm credit disbursement falls short of target
A shortfall of close to 27pc of the budgeted amount has left many in the lurch. -
Indian billionaires bounce back: survey
With a recovery in global stock markets, billionaires have doubled in a year. -
Can’t get sugar? Try sweets in your tea
Instead of a spoonful of sugar, some families dissolve sweets in their tea. -
IMF meets on Dec 12 to finalise 4th tranche
Recent talks have focused on the slow pace of financial reform in the country. -
Cut-off yields on T-bills slashed
With a monetary policy review coming up next week, the move has rattled investors.
WEATHER - PAKISTAN
Cities
GOING PLASTIC
The Reserve Bank of India is planning to introduce ‘plastic’ notes to deal with grubby and fake currency.
ISLAMIC BANKING
Some middle eastern banks are avoiding instruments such as the tawarruq, after clerics voiced concerns.
MOMENTARY RESPITE
‘The current account deficit might see an increase in the coming months since exports are in trouble.’
CAPITAL FLIGHT
The latest figures showed FDI fell to just $622mln for July-October 2009-10 as compared to $1.33bln last year.
UNRAVELLING FAST
Industry leaders claim that without banning raw material exports, value added textiles will collapse.
CUTTING COSTS
Business leaders are proposing separate pay scales for urban and rural workers to capture lower costs.



