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Term Finance: LSE approves formal listing of Engro certificates
Trading in the TFCs of the company will start at LSE from November 4, 2011.
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Fertiliser Makers: Government initiates action
Case of unilateral urea price hike sent to Competition Commission of Pakistan.
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High input prices, water problems: Farmers highlight production issues
Lack of resources keeps modern technology away from farms.
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Balochistan Investment Board: Body without CEO since establishment
Board formed last fiscal year to attract foreign investment.
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‘Emerging markets like Pakistan are growth engines’
‘SAP exhorts tremendous business opportunities in Pakistan’.
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Flour prices: Increase of at least Rs50 per 20kg bag demanded
Summary for the increase will also be sent to chief minister Punjab soon.
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U-turn: Engro takes back urea price increase
Govt to work on long-term supply of gas to the company’s Deharki plant.
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Market Watch: Stock market falls in highly volatile session
KSE’s benchmark 100-share index drops 17 points.
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Refining margins decline 7% in October
Attock Refinery witnesses highest drop of 14%.
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Control of OGRA: NA panel agitated by PM’s rejection
Body proposed to bring gas regulator under petroleum ministry’s control.
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Oil and gas sector recruitment: New policy proposes end to quota system
Senior officers will have to give interviews and take tests for promotion.
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Pakistan's economy being hurt by lack of power: Charles Ebinger
Panelists say US opposition to IPI was hurting its friends and partners in the region.
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CNG stations to remain open during Eid holidays
The petroleum ministry also agreed on uninterrupted gas supply to the CNG stations from November 4 to 11.
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Reshma power plant only producing 5MW of electricity: CJ
Chief Justice maintains that plant was paid Rs4b and is supposed to produce 200mw of electricity.
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Pakistan IT Exports Up 32.6% in first quarter of 2011-12 fiscal year
SBP statistics show IT and ITES exports increased to $61 million in Jul-Sep 2011.
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Power issues: Govt willing to ‘hook up’ with India
Proposed grid could reduce the power shortage in both the countries in their long term usage, says Gilani.
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Facilitation: Pakistan, Turkey sign $1b currency swap accord
Currency swap arrangement has been concluded in Pakistani rupees and Turkish lira with a size amounting to $1 billion.
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Excise officials block urea leaving Engro’s plant
Company trying to engage with govt to resolve issue amicably.
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Corporate results: Earnings season ends, but not with a bang
Flurry of results fails to lift KSE-100.
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Energy requirement: 6,600 tons of LPG imported in October
Same quantity expected this month as well to meet high winter demand.
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Why Engro’s debt has been good for Fauji
Urea price increases, prompted by Engro, help its biggest rival more.
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Tax collection target missed by Rs7b
Govt relies heavily on indirect taxes as only 29% revenue is met by direct taxes.
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Market watch: Bourse falls as investors book profits
KSE’s benchmark 100-share index drops 106 points.
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Cheema advocates privatisation of Pakistan Steel Mills, job cuts
Labels it a sick unit whose losses are getting out of control.
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Foreign firms express interest in Thar coal
China, UK and Hong Kong amongst potential investors.
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Gas consumers: Senate panel objects to infrastructure levy
Says it is an extreme step which can be blocked by the Supreme Court.
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Reko Diq project: Balochistan can refuse mining licence, says official
‘Tethyan Copper Company has so far failed to cooperate with provincial govt’.
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Mobile handset imports up 58% in Q1 2012
The mobile handset market is changing its dynamics constantly.
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Revamped: Wateen unveils new corporate identity
New management promises Wateen focused on enabling customers’ lives, business by being responsive and innovative.
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Informal sector grows faster than formal economy
Undocumented industry is almost one-third of Gross Domestic Product.
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Fauji Fertilizer profits double on higher prices
Higher margins on urea – 57% against last year’s 45% – remained the major earnings driver for the company.
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Pakistan State Oil profits double to Rs2.5b
PSO’s sales, revenues grew 38% to Rs279 billion during July to September 2011.
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Corporate results: Engro profits surge 34%
Increased profits from Engro Fertiliser, Engro Foods along with lower losses from Engro Polymer help growth.
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Corporate Governance: Revised code to be implemented in Nov
SECP tasks PICG to finalise proposed revisions to the code of corporate governance.
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Engro raises urea price by Rs400
Decision taken after govt failed to provide required gas to new plant.
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Infrastructure: Rain causes Rs3.2b losses in Hyderabad
Damage estimates submitted to Asian Development Bank.
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Fate of Mashal LNG project unclear
Ministry to send summary to Economic Coordination Committee.
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Market watch: Bourse rallies as investor sentiment rises
KSE’s benchmark 100-share index gains 307 points.
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Martial art uniforms: Sialkot meets 30% of world demand
China is top competitor but it is losing market share.
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Long-term credit rating remains stable
S&P affirms ‘B-’ long-term and ‘C’ short-term sovereign ratings.
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Consumer relief: Petrol price reduced by Rs1.5 per litre
Diesel price stays unchanged as govt makes less-than-expected cut in rates.
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Rs500 notes: Gilani approves one-year extension for exchange
Exchange can now be made until September 30, 2012.
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Solar panels: Sunny apricots in Skardu!
Solar plant installed in Skardu used to dry 10 tons of apricots .
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Gilani rejects 4% increase in power tariff
Prime minister observes masses cannot be burdened with further inflation.
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China risks public backlash over EU bailout
It may not be a democracy but rulers cannot ignore their people.
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While critics cry inflation, sales of luxury items surge
To better manage the economy, institutions like IDBP, PIDC need to be revived.
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Subsidising agriculture: For most farmers, support price mechanism fails to deliver
Corruption by govt officials results in many unable to get promised prices.
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Motorcycles: Local market leader, Atlas Honda looks to exports
Afghanistan, Iran, Central Asia the new target as company seeks economies of scale.
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The week in focus
Wave of growing regional cooperation and integration sweeping through the world has left a positive impact on Pakistan
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Too many cooks: Who is really running PSO?
Chairman accused of interfering beyond his mandate.

















































