With its receivables rising beyond Rs105bn, PSO needs at least Rs57bn up to April 28 to avoid default.
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TOP STORIES
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Finance minister delay "won't disrupt" IMF aid
Tarin and another former ministry chief dismissed concern that the failure to appoint a new minister could delay aid. -
Inflation increases 36.3pc in two years
The prices of two basic commodities, wheat flour and sugar, have risen by 83pc and 168pc respectively since 2008. -
CCP wants competition ordinance re-promulgated
The Competition Commission has formally asked the Ministry of Finance to start the process for re-promulgation. -
Restructuring of eight major organizations
Outgoing minister of finance Shaukat Tarin had said that Rs200bn could be saved by restructuring the organisations. -
Remittances jump by 17.6pc in July-Feb
Despite higher average remittances during eight months, there was a decline on a month-to-month basis.
MORE TOP STORIES
EDITOR'S CHOICE
ISLAM IN AMERICA
Falling short of solutions
BOOK REVIEW
High drama in the sky
TRAILBLAZERS
Sky is the limit for Pakistan’s women fighter pilots
MAGAZINE
Economic and Business Review
MEDIA GALLERY
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Business Digest
HIGHLIGHTS
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Withdrawal of exemptions under VAT opposed
Trade and industry has called for VAT exemption for five export-oriented industries. -
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.
WEATHER - PAKISTAN
Cities
MONEY LAUNDERING?
The unusually high portfolio investment numbers have set the cynics wondering if all of it is genuine foreign buying.
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.
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