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Islamabad may not ask IMF to increase loan

ISLAMABAD: Pakistan is having second thoughts about its decision of asking the IMF to jack up its loan amount by $4.5 billion —from $7.6 billion to $12.1 billion — after receiving generous capital inflows from bilateral as well as multilateral creditors, saying it may seek a reduced amount from the fund in order to avoid[…]

Bahria Town Lahore & Rawalpindi/Islamabad developments visited by Malaysian High Commissioner

Malaysian High Commissioner in Pakistan His Excellency Ahmad Shahizan Abd Samad recently made an extended tour of Bahria Town’s residential and commercial projects at Rawalpindi/Islamabad and Lahore. The ambassador appreciated the highest standard of town development and urban planning ever achieved in Pakistan in all projects of Bahria Town and praised the quality of world[…]

Reduction in cement prices likely from April: Ministry

ISLAMABAD: The Ministry of Industries and Production has indicated the possibility of a substantial reduction in cement prices from April 1, 2009 after the dealers clear their existing stocks. We are expecting a reasonable reduction in cement prices within a couple of days, as the dealers have asked the factories to give them time till[…]

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