• THE government presents revised budgetary framework to donors and development partners with the fiscal deficit at 4.7 per cent for the on-going financial year.

• THE government announces two per cent increase in power tariff for all categories of consumers from November 12 in line with the agreement made with lending agencies.

• PAKISTAN’S total external debt and liabilities grow rapidly and rise by $2.7 billion to hit historical level of $58.4 billion by end of first quarter of the current fiscal year.

• THE Asian Development Bank and the World Bank put the cost of post-flood reconstruction and rehabilitation for Pakistan at $6.7 billion in their joint report presented at the two-day Pakistan Development Forum

• INTERIOR Minister Rahman Malik makes a plea for waiving the $50 billion foreign debt to help Pakistan move ahead with the war against terrorism.

• PAKISTAN and Russian Federation sign a Memorandum of Understanding to pursue joint projects in the oil and gas sector.

• THE European Union Food Facility Rabi package, comprising seed and fertiliser, is handed over to small farmers owning 2-4 hectares of land and women household heads in village Karsal of Chakwal district.

• THE United States and Pakistan, together with American power company AES Corporation, agree to create a public-private partnership to develop a 150MW, $375 million wind power generation project in the Gharo corridor.

• THE Small and Medium Enterprises in Pakistan receive a major setback because of persistent power failures, current economic meltdown and poor law and order situation.

• TOTAL open interest position at the KSE’s futures counters increased by 7.3 per cent to Rs823 million during the week ending on November 14.

• SINDH’S excise and taxation department collects Rs700 million from property tax on industry during 2009-10 as against Rs730 million collected the previous year.

• PAKISTAN is going to cut export of Irri-6 greatly damaged by the recent floods. However, sales of high quality basmati rice may be maintained.

• THE price of liquefied petroleum gas is increased by Rs8 per kg across the country.

• THE Economic Coordination Committee of the Cabinet discusses the issue of sugar imports on government to government basis to bridge the gap between production and consumption requirements.

• THE controversy over the right to seven services puts Punjab and Sindh again at loggerheads, resulting in failure to implement the Reformed General Sales Tax.