Japan provides $42 mln assistance for water project
	The government of Japan will extend grant assistance of US $ 42 million to Pakistan for a project aimed to provide safe drinking water to the people in Faisalabad through the construction of water supply facilities...
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	PM approves wheat import via Gwadar Port
	The Prime Minister Syed Yousuf Raza Gilani has approved one-third of the total import of wheat through Gwadar Port. The Joint Secretary of Ministry of Shipping and Ports said the wheat import via Gwadar Port...
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	Japan investors express interest in Pakistan power sector
	Minister for Water and Power, Raja Pervez Ashraf Wednesday said the new political government would remove all bottlenecks to facilitate foreign investment in power sector as great opportunities exist...
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	Mill owners start hoarding sugar
	Total sugarcane growing area was 1.2 million hectares (season 2007-08) and its production totalled 62.3 million tons. The government has increased sales tax rate on sugar from 15 percent to 16 percent...
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	Gold soars to Rs22,414
	Gold price hit a record high of Rs22,414 per 10 grams on Tuesday from Rs22,285 on Monday following rising gold prices in world markets. The per tola gold rate surged to Rs26,150 as compared to Rs26,000...
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	HBL’s profits likely to improve
	The Habib Bank Limited is expected to announce net profits of Rs 7.4 billion (EPS Rs 9.7) for the first half of 2008 compared to earnings of Rs 6.6 billion (EPS Rs 8.7) in first half 2007, recording a growth of 12 percent...
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	Pakistan to start share stabilisation fund this week: Qamar
	Pakistan will launch later this week an equity market stabilisation fund managed by the National Investment Trust, de facto finance minister Naveed Qamar said on Tuesday. The fund, which was proposed...
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	Prime Minister forms daily economy monitoring committee
	The prime minister has constituted 'Daily Economy Monitoring Committee', which would meet daily at 3.00 pm in the finance division except on Tuesdays and Wednesdays to address the day-to-day issues of the economy...
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	Foreign investment declined by 38 percent in 2008
	Net foreign investment declined by 38 percent during last fiscal year due to massive outflow of portfolio investment on account of political uncertainty and negative reports about country's economy during later part...
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	PSO buys 650,000 tonnes for Aug-Nov
	The Pakistan State Oil (PSO) bought up to 650,000 tonnes of high-sulphur fuel oil for delivery during August to November from a Middle East trader, amid a severe power shortage in the country...
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