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Attock Refinery expanding capacity to meet local needs
Major crude oil project to be completed in two years.
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Unattended complaints: Industrialists irked by KESC’s attitude
The power supplier refused to attend to any faith until issues addressed.
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Hydrocarbon: OGDC completes study on local exploration opportunities
E&P companies invited to promote the Pakistan Basin Study.
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Mobile telecommunications: In a stagnating market, Ufone sticks to the basics
Company remains focused on controlling costs and increasing revenues through data services.
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Country’s reliance on textile for export increases
Cotton price increase plays key role in fiscal 2011 performance.
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Revenue collection: FBR gets the job done
Authority collects Rs8.4b more than target in fiscal 2011.
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Musical chairs: ‘Constant reshuffling in finance ministry hurting economy’
Former adviser sees ‘mysterious’ rise in remittances, fears income from illegal sources making into remittances.
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Workers unite: Sacked mills workers try to storm factory in Faisalabad
6 injured in protests after 400 mills employees were sacked in 2 days.
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Market watch: Stock market takes a breather
Benchmark KSE-100 index falls 10 points.
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Finance ministry releases Rs2 billion for Pakistan Railways
The earlier overdraft of Pakistan Railways has come down from Rs40 billion to Rs38 billion.
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Pak-Korea trade potential highlighted
Korea has an abundance of natural resources like coal, limonite, steel, graphite and lead.
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Pak-Afghan ties : Enhancement of agricultural trade urged
American trainers brought for training programme.
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Hotel operator: UAE-based group plans to establish 10 properties
MoU signed for development of luxury and budget hotels.
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Faysal Bank profits skyrocket
Bank does well in all quarters after buying RBS Pakistan: analyst.
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Task force formed to address LNG import issues
It will serve as a one-stop shop for importers.
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World Bank lent $810 million last year
Money used to finance transport, health and educational projects.
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Govt to ban import of used cooking oil
Traders import oil as raw material for soap manufacturing.
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Ramazan relief: Utility Stores to announce package this week
Economic Coordination Committee to give approval today.
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Iranian gas pipeline: Pakistan seeks financial adviser for project
Expressions of interest invited from national, foreign banks.
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Gold prices peak at Rs43,842 per 10 grams
Local gold market has been gaining momentum in catching up with international gold rates.
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ECC meeting: CNG price hike goes up for approval today
Petroleum ministry summary also seeks increase in gas prices for commercial and domestic users.
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Caught napping: Govt unprepared for IMF visit as fiscal data not ready
Dates for talks yet to be set with ministry busy in finalising budget deficit and tax collection figures.
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Urban development: Elahi lashes out at Sharif’s transport scheme
‘He has wasted the tax payers’ money with his Sasti Roti Scheme’.
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UK sees better economic outlook for Pakistan
British companies looking to expand projects.
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Chartered accountants: ACCA conference to be held in Sri Lanka
Conference to support ACCA’s learning providers discuss the challenges and opportunities.
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Initiatives planned to extend SMEs outreach
Smeda urged to focus on value addition, brand development.
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Pak-iran trade: Currency swap to address exporter woes
Unisame president hails currency swap move to help burgeon trade between Pakistan and Iran.
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Import: Govt to ban harmful toys
Exporting countries would now be required to provide documentation certifying the products are not harmful.
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Trade crucial for growth in Asia: ADB
Gap must close between surging economies and those mired in poverty.
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Market watch: Bourse falls amid dismal volumes
Benchmark KSE-100 index declines 28 points.
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Govt asked to facilitate textile industry
Garment makers demand release of duty drawback amount.
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State Life makes ‘bad investments’ of Rs300m
Management asked to submit complete report in a month.
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NA body recommends use of nuclear energy, coal
Consumption of gas for industrial purposes has disturbed balance between demand and supply.
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Long wait comes to an end: Current account, no more a deficit story
Data shows a surplus after seven years on the back of record exports and remittances.
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Powering up: ‘Thar coal will cover Pakistan’s energy crisis’
Pakistan requires annual loans of up to $1.2 billion from the US over next five years to build infrastructure Thar.
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The week in focus
In order to progress, Pakistan can take cue from powerful economies of China, South Korea, Malaysia and Brazil.
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The new BBM?: South Korean users welcome new trends
World’s most wired nation leads the way in mobile messaging services.
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Breaking the oligopoly: Ratings agencies under attack amid debt crisis
EU leaders accuse agencies of issuing self-fulfilling prophecies.
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Case study: Soaring food inflation: causes, consequences and remedies
Pakistan has high concentration of households around the poverty line.
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Myth buster: Debunking the clichés in economic policy making
No policy framework can succeed until it moves beyond populist economic thinking.
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Untended orders: Urea shortage could lead to missed targets
Kharif crops feel the impact as sowing gets delayed.
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Afghanistan-Pakistan Transit Trade: Business community still not convinced
The fear of smuggling continues to cast a shadow over any positive aspects of the deal.
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Saying one thing, meaning another
It’s not what you say, but what people hear.
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Industries receive audit notices
Board of Revenue to carry out inspection, businesses oppose.
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Bilateral ties: ‘Swiss support vital for Pakistan’
Efforts like exchange of trade delegations and single country exhibitions in Switzerland needed to strengthen ties.
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Inflation index: Sensitive Price Indicator increases 16%
In the past week, the average prices of seven items fell while those of 18 items rose and 28 items were unchanged.
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Human resource training agreement signed
Training will be provided in all sectors for benefit of business community.
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Brick kiln owners protest against sales tax
Brick kiln operators threaten to take strike nationwide from first Ramazan.
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Kunnar Pasakhi: OGDC cancels tender for gas exploration project
Company will develop the field using own resources, which will supply 100 mmcfd of gas.
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Mango exporters meet Japan quality standards
First shipment sent, exports on commercial basis to start next year.

















































