Forex reserves increase to $10.1611bn
Foreign exchange reserves of the country increased by $100.85 million during the last week, the State Bank of Pakistan (SBP) said on Thursday. It said after this increase, Pakistan's total liquid foreign reserves stand at $10.16bn more... (FD)

FDI during July-January amounts to $2587.7 million
The Economic Co-ordination Committee was informed on Thursday that foreign direct investment (FDI) during July-January, 2008-09 amounted to 2587.7 million dollars, registering a healthy growth of 1.3 percent compared with the last years period under review more... (BR)

Foreigners off-load stocks worth $22.46mn in four days
The outflow of portfolio investment from the country's equity market has significantly increased in the last four trading days as foreign investors withdrew $22.46 million which is reflecting their lack of confidence in the market more... (FD)

New US strategy allows drone attacks: Officials
Obama admin formalises drone attacks into Fata behind the concession of not expanding strikes to Balochistan more... (D)

New US strategy for Af-Pak to cost $10-20 bln: NY Times
US President Barack Obama is expected to approve a broader new Afghanistan-Pakistan strategy cost of which could range from $10 billion to $20 billion over next six or seven years, the New York Times said Thursday more... (D)

Refurbished relocated oil refineries:
ECC agrees to grant seven-year tax holiday
Economic Co-ordination Committee (ECC) of the cabinet on Thursday agreed to grant seven years tax holiday to the refurbished oil refineries to be relocated to Balochistan subject to application of admissible regulations. Petroleum Ministry had recommended ten years concession and some other incentives for the refurbished refineries more... (BR)

Petroleum policy likely to be announced today
Petroleum Ministry is expected to notify new Petroleum Policy 2009 today (Friday) as members of sub-committee of Economic Co-ordination Committee (ECC) of the cabinet have signed the draft of the policy, a prerequisite prior to the issuance of the notification more... (BR)

Import of 0.26 million tonnes of urea:
government decides to provide Rs 7.5 billion to Minfa
The government has decided to provide Rs 7.5 billion to the Ministry of Food and Agriculture (Minfa) to import 0.260 million tonnes of urea, sources told Business Recorder here on Thursday. They said that the Ministry of Finance had already released 200 million dollars to import urea. "Earlier, 100 million dollars were released by the Finance Ministry more... (BR)