Latest news The ECC is expected to take up the issue of revising OMC margins, where an extension of another 10 weeks is expected, as a study to evaluate the matter is still in progress. The government is likely to put the privatization of gas distribution companies, SSGC and SNGP, on hold until the unbundling of these companies into smaller companies based on recommendations of an international consultant. Pakistan has approached the World Bank to finance the US$7.5bn Dasu hydropower project which is expected to have a capacity of 4,320MW. The government has reportedly put the Diamer Bhasha dam on the back-burner, conceding to demands of international lenders who were reluctant to fund the project. INDU has sought a 5% reduction in import duty for Completely Built Units (CBUs) and Completely Knocked Down (CKD) units in the upcoming Auto Policy. The new policy is expected to be announced by the end of CY13. The Planning Commission has so far released PkR98.2bn under the PSDP for various projects against total allocation of PkR540bn. This represents 18% of the total budget allocation. Opposition parties have threatened to block NATO supply routes from Pakistan from Nov 20’13 if US drone strikes inside the country do not cease. In related news, the government has stated that while it is firm on its stance to continue negotiations with the TTP, prospects for talks are currently bleak.
Posted on: Tue, 05 Nov 2013 08:28:34 +0000
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