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The government has fixed GDP growth target at 4.3 percent for 2012-13. Current account deficit has been projected at $4.8 billion while the growth of exports and imports will be 4.1 percent and 7.8 percent respectively. According to budget documents, exclusively obtained from Finance Ministry, show a weak macroeconomic environment, political uncertainty and natural disasters impeding economic recovery.

The National Economic Council (NEC) will meet on Thursday to discuss and approve Rs 825.2 billion Public Sector Development Programme (PSDP) for next fiscal year and Macro Economic Framework for current as well as projection for next financial year as recommended by the Annual Plan Co-ordination Committee(APCC), it is learnt.
Turkey's Prime Minister Recep Tayyip Erdogan on Tuesday met key opposition leaders, including PML-N chief Nawaz Sharif, JUI-F chief Maulana Fazl-ur-Rehman and former JI Ameer Qazi Hussain Ahmed amid rumours that he was seeking to soften opposition's stance on Nato supply blockade. Before concluding his three-day official visit, the Turkish Prime Minister held meetings with leaders of the opposition parties opposing the restoration of Nato supply routes.
Pakistan and Turkey on Tuesday signed one agreement on bilateral investment and five Memoranda of Understanding (MoUs) at the conclusion of Co-operation Council meeting presided over jointly by Prime Minister Syed Yousuf Raza Gilani and his Turkish counterpart Recep Tayyip Erdogan.
At least 11 people, including a woman and a girl, were killed and 35 injured here on Tuesday after unknown gunmen opened fire on a protest rally taken out by Awami Tehreek against the proposed creation of 'Mohajir Sooba' and police operation in Lyari.
Awami Tehreek has announced the wheel-jam strike today (Wednesday) in all over the province against the attack on "Muhabbat-e-Sindh Rally". This announcement was made by the Ayaz Latif Palijo, President Awami Tehreek and Convenor SPNA during a press conference held at Karachi Press Club (KPC) on Tuesday, soon after the attack on rally.
Minister for Water and Power, Syed Naveed Qamar and Indian High Commissioner, Sharat Sabharwal on Tuesday discussed electricity trade between the two countries. Minister for Water and Power, Syed Naveed Qamar while welcoming the High Commissioner stated that increase in trade and economic engagement would contribute to building trust between the two countries.
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