Posts tagged as: Swap

Cabinet reshuffle: Defence minister, power minister swap posts

ISLAMABAD:  In a move that has been brewing for days, Defence Minister Ahmed Mukhtar and Minister for Water and Power Naveed Qamar had their portfolios swapped by Prime Minister Yousaf Raza Gilani. Mukhtar, considered a close confidante of the president, is now Minister for Water and Power while Naveed Qamar is Defence Minister. According to […]

High profile swap in Cabinet expected after budget presentation

ISLAMABAD: After the government presents the budget, the government will move towards a high profile swap in the cabinet. According to Express News, the government will swap the Minister of Defence Chaudhry Ahmed Mukhtar and Minister of Water and Power Naveed Qamar. According to the report the change will first be discussed with coalition partners before […]

High profile swap in Cabinet expected after budget presentation

ISLAMABAD: After the government presents the budget, the government will move towards a high profile swap in the cabinet. According to Express News, the government will swap the Minister of Defence Chaudhry Ahmed Mukhtar and Minister of Water and Power Naveed Qamar. According to the report the change will first be discussed with coalition partners before […]

High profile swap in Cabinet expected after budget presentation

ISLAMABAD: After the government presents the budget, the government will move towards a high profile swap in the cabinet. According to Express News, the government will swap the Minister of Defence Chaudhry Ahmed Mukhtar and Minister of Water and Power Naveed Qamar. According to the report the change will first be discussed with coalition partners before […]

High profile swap in Cabinet expected after budget presentation

ISLAMABAD: After the government presents the budget, the government will move towards a high profile swap in the cabinet. According to Express News, the government will swap the Minister of Defence Chaudhry Ahmed Mukhtar and Minister of Water and Power Naveed Qamar. According to the report the change will first be discussed with coalition partners before […]

Circular debt: Loan swap deal worth Rs151b finalised

ISLAMABAD:  A mammoth Rs150 billion loan swap deal has been finalised by the federal government for the energy sector, which is expected to dramatically ease the pressure on the balances sheets of companies along the energy chain and improve power production as a result. Testifying before the National Assembly Water and Power Committee, Imtaz Qazi, […]

Resolving circular debt: ECC approves Rs160b swap deal with banks

ISLAMABAD:  The highest economic decision making body on Friday approved a Rs160 billion debt swap deal with commercial banks to help clear the circular debt, a move that will temporarily ease power sector liquidity problems. Headed by Finance Minister Dr Abdul Hafeez Shaikh, the Economic Coordination Committee of the Cabinet approved the debt swap deal, […]

Fiscal tightening: SBP opposes debt swap with commercial banks

ISLAMABAD:  State Bank of Pakistan on Thursday opposed the debt swap deal with commercial banks, warning the federal government to stop ruining the private sector as the country’s budget deficit widened to 4.5 per cent or Rs932 billion in the first half of the financial year. The same day, despite the comments by the SBP, […]

Foreign exchange: Currency swap with China a bid to shore up, diversify reserves

ISLAMABAD/KARACHI:  The recently concluded currency swap agreement between Pakistan and China is a bid by Islamabad to shore and diversify its foreign currency reserves, allowing the government to borrow up to .5 billion under the pact, said sources familiar with the matter. State Bank of Pakistan spokesperson Syed Wasimuddin confirmed to The Express Tribune that […]

Foreign exchange: Currency swap with China a bid to shore up, diversify reserves

ISLAMABAD/KARACHI:  The recently concluded currency swap agreement between Pakistan and China is a bid by Islamabad to shore and diversify its foreign currency reserves, allowing the government to borrow up to .5 billion under the pact, said sources familiar with the matter. State Bank of Pakistan spokesperson Syed Wasimuddin confirmed to The Express Tribune that […]

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