PC board discusses giving hotel on lease or developing it as joint venture

Only two serious bidders emerge as privatisation deadline approaches

Govt also approved Rs78 billion in incentive package for its banks and exchange companies to boost foreign remittances

Finance minister to receive briefings on operations of these firms today

Govt releases simple bilingual income tax return form

The report details the pros and cons of the three options – outright sale, joint venture deal and the 99-year lease.

IMF package delayed as international lenders rollover only $426m

Negotiation panel to recommend final price to cabinet

At least two bidders have expressed a preference for new contracts over retaining current employees.

Spends Rs110 billion on development schemes after the end of June