Business

For the first time the government has spent about Rs370 billion without the consent of parliament.

The Sindh government, in its budget for 2010-11, has announced a grant of Rs17 million for the Sindh Seed Corporation.

Prime Minister Syed Yusuf Raza Gilani on Friday approved a Rs25 billion bailout package for the Pakistan Steel Mills.

Former Finance Minister Shaukat Tarin said that his nine-point reforms programme has not been included in the budget.

Pakistan’s inflation slowed in May after the government delayed a planned increase in power tariffs.

Key indices at the stock exchange went through a nightmare on Thursday, losing a large number of points.

About 6.52 million tons of wheat has been procured so far against the set target of 7.5 million tons.

KESC has defended NEPRA’s decision to allow the company to increase its power tariff due to increased oil and gas prices.

Car sales increased 46 per cent this year as the economy recovered and people had more car financing options, analysts said.