ADB to restructure its investments in Pakistan
The Asian Development Bank (ADB) would continue to restructure its portfolio in Pakistan during the implementation of its $4.4billion Country Partnership Strategy (CPS) 2009-2013 and will take its focus away from education sector and fund only selective projects on the governance side more... (D)

Interest rate to lower in July-August: PM's Finance Advisor
The Advisor to the Prime Minister on Finance, Shaukat Tareen said Saturday that the interest rate will come down to single digit in July-August this year and further fall to about 6 per cent on an average next year more... (D)

Bankers expect no major cuts in interest rate
Bankers believe that State Bank cannot slash rates due to high inflation and also because it will hurt dollar inflows more... (D)

Clinton warned Pakistan of aid cut if no deal
Clinton told Zardari and Sharif that lawmakers might balk at sending more aid while the crisis persisted more... (D)

Aitzaz hopes Chaudhry wont hear case against NRO
Leading light of lawyers movement Barrister Aitzaz Ahsan has expressed the hope that Chief Justice Iftikhar Muhammad Chaudhry would not hear himself any case against the National Reconciliation Ordinance (NRO). To a question regarding possible reopening of hearing of NRO during a press conference at his residence on Monday more... (BR)

Pakistan came back from the brink: US
The US was calming tensions but settlement ‘was not something that the US helped bring about:’ State Department more... (D)

Textile exporters may face Rs 4.8 billion loss:
foreign firms refuse export consignments
The textile exports may face loss of Rs 4.8 billion as the foreign companies of EU, Russia and US have refused to take the Pakistani textile products due to economic recession. According to the sources, 200 containers carrying textile consignment from Pakistan have stranded in Russia, EU and US. "Each container is carrying textile goods of worth $0.3 million and the textile sector has to face a loss of $60 million," an exporter said more... (BR)

Ministry wants IPI gas only for power generation:
Iran showed no flexibility on pricing
The Petroleum Ministry is sending a proposal to the Economic Co-ordination Committee (ECC) of the Cabinet to import Iran gas only for power generation purpose, under Iran-Pakistan-India (IPI) gas pipeline project, as Iran has refused to scale down the price from 78 percent to 70 percent of crude oil more... (BR)