44 percent decline in foreign investment
Political uncertainty and poor law and order situation have reduced foreign investment by about $2 billion, or 44 percent, from $4.62 billion, during eight months of the current fiscal year more... (BR)

FBR to surpass psychological barrier of Rs one trillion in fiscal year 2008
The Federal Board of Revenue will cross the psychological barrier of Rs one trillion mark in 2007-2008, expecting that economy would remain stable in the country more... (D)

New government must sustain economic growth, says Musharraf
President Pervez Musharraf Wednesday said the new government can meet the challenges of terrorism, energy crisis, rising fuel and food prices through good governance and by always keeping "Pakistan First" more... (D)

CPI-based inflation declined marginally in February: Finance
The Federal Finance Ministry has claimed that overall CPI-based inflation had registered a marginal decline in February 2008 compared with January 2008 on year-on-year basis more... (BR)

Fehmida elected first woman Speaker
Members of the new National Assembly from a new ruling alliance on Wednesday disseminated rhetorically-controlled but substantially strong anti-Musharraf signals as they elected Speaker and Deputy Speaker more... (BR)

Bilawal to announce name of new PM
Pakistan People’s Party co-chairman Asif Ali Zardari has called his son Bilawal Bhutto Zardari, who is chairman of the party, from the UK to announce the name of candidate for the post of prime minister more... (D)

Fahim wants coalition to name PM candidate
PPP Parliamentarians president Makhdoom Amin Fahim has called upon the leadership of the parties in the new ruling coalition to jointly name a candidate for the post of more... (D)

MOL Pakistan makes oil and gas discovery
The Ministry of Petroleum & Natural Resources on Wednesday announced a new discovery of oil and gas in TAL block located at NWFP. MOL Pakistan is the operator with 10 percent working interest in the block more... (D)

Loadshedding duration will be increased to six hours: Pepco deficit touches 3,000MW
The Pakistan Electric Power Company (Pepco) says that its deficit has gone up to 3,000 megawatts — about 25 per cent of the peak demand of 12,000MW more... (BR)

SBP injects Rs33.75bn into money market
The State Bank of Pakistan injected a huge liquidity on Wednesday to soften the dry inter-bank money market which kept the rates just close to the discount rate for more than a week more... (D)

Healthy buying pushes up KSE index
Healthy buying was witnessed at the Karachi share market on Wednesday as the KSE-100 index recovered 237.88 points to close at 14,964.42 points level. The KSE-30 index gained 343.77 points and settled at 18,238.44 points level more... (BR)