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Posts tagged "deficit" (Page 3)

PIA deficit reaches Rs17 bn

Staff Report ISLAMABAD: Total deficit of Pakistan International Airline (PIA) has reached Rs17 bn, SAMAA reported Friday. Member of Standing Committee of National Assembly for defense, Begum Ishrat Asharraf, said the reasons for increasing deficit of national airline are wrong policies of Shaukat Aziz, former chairman of the company. He said this thing during press…

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May 21, 2010


Pak, India facing trust deficit: Qureshi

Staff Report ISLAMABAD: Foreign Minister Shah Mehmood Qureshi said here on Friday, while giving media briefing, that Pakistan and India are facing trust deficit that would not be solved in an overnight. He said that prime ministers of both countries would increase telephonic contacts. And stated he would hold talk with his Indian counterpart SM…

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May 1, 2010


UK election, deficit fears may hit investment

LONDON: An inconclusive result at Britain's upcoming election could hamper investment unless politicians come up with a strategy now to tackle government debt, the head of a top business lobby group told Reuters. British Chambers of Commerce Director General David Frost also said that firms are not interested in costly government handouts, but want legislators…

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March 18, 2010


India tackles deficit with new budget

NEW DELHI: India's finance minister vowed to bring the government's yawning budget deficit under control on Friday as he presented a new budget that counts on higher tax revenues to sustain social spending. Speaking in parliament, Pranab Mukjerjee said he had laid down a road map for reducing the country's fiscal deficit, which soared to…

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February 26, 2010


Obama 2010 budget deficit to hit record $1.56 trln

WASHINGTON: President Barack Obama on Monday projected the U.S. budget deficit would soar to a fresh record in 2010, challenging his push for fiscal responsibility while driving to defeat double-digit unemployment. Obama is under pressure to convince investors like China that he has a credible plan to control the country's deficit and debt over time….

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February 1, 2010


Media can overcome US-Pak trust deficit

ISLAMABAD: “Media is a particularly useful mechanism for us to come on and explain that what we are trying to accomplish, what our perspective is,” said US Deputy Chief of Mission, Islamabad Gerald Feierstein while talking to SAMAA special on December 2, 2009. He was invited to discuss the new US Afghan strategy. The full…

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December 4, 2009


Trade deficit for 2009 $4.5b for first 4 months

Staff Report KARACHI: In the first four months of the current year, the trade deficit of Pakistan has risen to $4.5 billion, according to government statistics Thursday. The exports from July-October have been worth $6 billion and the imports have been worth $10.6 billion. In October, the imports were $ 2.97 billion and the exports…

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November 12, 2009


Karachi faces 122 MW power deficit

Staff Report KARACHI: Karachi demands 2142 MW of electricity but KESC is providing only 2020, said sources Tuesday. KESC is borrowing 625 MW from WAPDA, 112 MW from Tapal, 108 MW from Gul Ahmed and 68 MW from Defence Cogen. Karachi still faces a shortage of 122 MW of electricity. There is an hour-long load…

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October 13, 2009


$2.19B trade deficit for August:SBP

Staff Report KARACHI: The trade deficit for the month of August stands at $2.19 billion, said sources in the State Bank of Pakistan Friday. According to the data released by the government, exports amounted to $1.48 billion whereas imports stood at $2.52 billion. Exports and imports have decreased by 5.36 percent and 27 percent respectively,…

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September 11, 2009


Sindh unveils Rs 327b deficit budget

By Arbab Chandio KARACHI: The Sindh government presented a deficit budget of Rs 327 billion with a 15% increase in government staff salaries Monday to the Cabinet. The deficit comes to about Rs 16.8 billion. The total revenue is put at Rs 310 billion and the government intends to tackle the deficit by improving revenue…

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June 15, 2009


Govt unveils Rs 2.4tr deficit budget

Staff Report ISLAMABAD: The Government of Pakistan has presented a 2.4 trillion rupee deficit budget for the next fiscal year, 2009-2010, in the National Assembly. Financing the deficit will mostly depend on Pakistan's international friends. The budget was presented by State Minister for finance Hina Rabbani Khar, who became on Saturday, the first woman to…

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June 13, 2009


Railways' deficit will reduce only when conditions are conducive

KARACHI: General Manager Railways (Operation) Nasir Zaidi, has said that Railway would give thought to reduce the railway fares only after its fuel reserves for 45 days, which were purchased on exorbitanly high price, are exhausted and new reserves developed at lower prices. Talking to APP at Railway Divisional Headquarters here Monday he said that…

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November 18, 2008


Bilour vows to reduce Railways' deficit

KARACHI: Railway Minister, Ghulam Ahmed Bilour, has expressed the determination to take the railways out of its financial deficit which has risen from Rs 520 million in 1991-92 to 28 billion as today. “Pakistan Railway is in a big fix as it is short of locomotices with existing ones having been grown old besides the…

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November 18, 2008


Freight sector promotion to reduce railways deficit

LAHORE: Federal Railways Minister Ghulam Ahmed Bilour has said that special focus will be given to the promotion of freight sector to increase revenues and reduce Railways deficit. Addressing a press conference here on Thursday, he said “While provision of safe, comfortable, speedy and economical travel facilities is the top priority for me, but at…

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November 13, 2008


Optimising revenue, tax recovery to bridge fiscal deficit: Tareen

KARACHI: Advisor to the Prime Minister on Finance and Economic Affairs, Shaukat Tareen has emphasised the generation of maximum revenue by best management and exploring domestic resources, which includes improving the spread of the tax network, for bridging fiscal deficit. In a meeting with the business community during his visit to Federation of Pakistan Chambers…

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October 25, 2008

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