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Flash news.

The inflation, measured through the consumer price Index, falls to 9.75 per cent in December from 10.2 in November 2011.

Dawn January 11--17, 2012.

The trading corporation of Pakistan completes procurement of 378, 000 tons of sugar at the rate of Rs. 46, 250 per ton from local sugar mills for strategic reverse enabling the mill to make payments to cane growers.

Dawn January 11, 2012.

The oil and gas Regulatory Authority is likely to revise wellhead gas prices by up to nine per cent increase both in Arab light crude oil and high sulphur furnace oil price during June-November 2011. Dawn January 12, 2012.

The government decided to reduce general sales tax on tractors to five per cent aimed at bringing down tractor prices up to Rs3.01 per unit for the current financial year. Dawn January 18, 2012.

CEMENT sales for the first half of the current fiscal year stand at 15,41 millions tons, depicting an increase of four per cent over dispatches of 14.78 millions tons in the corresponding period of the last year.

Dawn January 19, 2012.

The economy of the country try is expected to expand by four per cent in the current fiscal year, up from earlier estimated of 3.6 per cent, says Federal Finance Minister Abdul Hafeez Shaikh. Dawn January 25, 2012.

The federal government imposes $120 per ton petroleum levy on local produced LPG with effect from January 23.

Dawn January 25,2012.

FORIEGEN direct investment drops by 37 per cent during first half of the current fiscal year, mainly due to lack of foreign investors' interest caused by adverse law and order situation, energy crisis and political uncertainly. Dawn January 26,2012.

The Asian Development bank and the government sign tow loans agreements worth $513 million for improving irrigation and power transmission system. Dawn January 27,2012.

Govt. Assets in OGDCL, PPL to be Sold in the Next Two Months

The Privatization Commission will dispose of government assets in OGDCL and Pakistan Petroleum Ltd. (PPP) in January or February 2012. Recorder 2nd Dec, 2011.

3-Month fiscal Deficit 1.2pc of GDP KARACHI: The country's fiscal deficit for first three month of the fiscal year ending June 2012 was 1.2 percent of gross domestic product, the Finance Ministry said in its website on Friday. Recorder 3rd December, 2011.

Double-digit Inflation Continues to Plague Country

Double-digit headline inflation continues to plague the country as Consumer Price Index (CPI) July-November 2011-12 compared to the same period of last year, Federal Bureau of Statistics (FBS) Stated on Friday.

Recorder 3rd, December 2011.

IRAN Says Oil Would Go Over $250 if Export Banned

TEHRAN: Iran warned the West on Sunday any move block its oil exports would more than double crude prices with devastating consequences in a fragile global economy. Recorder 5th, December 2011.

Govt. Paying Rs25bn Monthly Subsidy to Power Sector

The government is paying Rs25 billion monthly subsidy on account of tariff differential, line losses and non-collection of bills despite massive increase in power tariff during the last three years, it is learnt.

Recorder 8 December, 2011.

CNG Cylinders and Kits

FBR Proposes 25-35pc Customs Duty

The Federal Board of Revenue has proposed 25-35 percent duty on the import of CNG cylinders and conversion kits instead of total ban in the imports if such equipment as proposed by the ministry of petroleum and natural resources.

Recorder 9th, December 2011.

Trade Deficit Widens to $2.17bn ISLAMABAD: The country's trade deficit widens to $2.17 in November from $1.71 billion in October, according to Federal Bureau of Statistics.

Recorder 11th, December 2011.

Rs262m to be spent on Presidency's Kitchen!

Capital Development Authority (CDA) has submitted PC-I of renovation and up gradation of President House kitchen to the Planning Commission for approval.

Recorder 14th, December 2011.

OPEC Oil Deals Puts Saudi Back in Charge VIENNA: OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6 month-old argument over output levels ' firmly in Saudi Arabia's favor.

Recorder 25th, December 2011.


FBR Give Tax Relief to PIA

The Federal Board of Revenue (FBR) has decided to give a major tax concession, under Income Tax Ordinance 2001, to Pakistan ! International Airlines (PIA) to help it to come out of the current financial crises.

Sources told Business Recorder here on Sunday that the FBR has now accepted a major demand of the national flag carrier to give 50 percent reduction in the minimum tax under Section 113 of the Income Tax Ordinance 2001.The FBR has agreed to reduce minimum tax rate from 1 percent to 0.5 percent under Section 113 of the Ordinance,2001 for PIA.

Recorder 26th, December 2011.

Pakistan. India Resume Dialogue on CBMs Pakistan and India on Monday began a two day expert level dialogue in nuclear and conventional confidence-building measure (CBMs) under the resume dialogue process to avert risk of any incident due to misunderstanding. Recorder 27th, December 2011.

Over Rsl3bn liabilities

Textile Millers Move Court Against Govt.

Textile millers have moved court against the government for what they say outstanding liabilities amounting to over Rsl3 billion, it are reliably learnt. Due to financials constrains, textile sector's pending liabilities against the government under different schemes announced in the Textile Policy 2009-14 have swelled to over Rsl3 billion, informed sources told Business Recorder on Monday. This Includes Rs 10 billion as Drawbacks in on Local Taxes and Levies. Recorder 27th, December 2011.

Trade Policy 2011-12 Announced The Ministry of Commerce (MoC) on Friday notified 'Trade Policy 2011-12' according to which 'positive List' of importable items from India has been expanded further by 18 additional items. The government has also allowed export of liquor to non-Muslims countries. Recorder 31st, December 2011.

Use of CNG in Public Transport banned

The oil and gas Regularity Authority (ogra) has clamped immediate ban on the use of compressed natural gas (CNG) in public transport vehicles to prevent deadly accident, ease gas shortage and improve gas pressure.

The decision was taken in a meeting headed by the chairman ogra here on Friday. The busses the cylinders on roof and underneath will be banned. Ban has been imposed after dialogue with the CNG Association. Recorder 31st, December 2011.
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Title Annotation:foreign direct investment drops; consumer price Index falls; gas prices increases
Comment:Flash news.(foreign direct investment drops)(consumer price Index falls)(gas prices increases)
Publication:Economic Review
Article Type:Statistical data
Geographic Code:9PAKI
Date:Jan 1, 2012
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