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Govt has cut expenditure by Rs20 billion: finance secretary
Finance secretary also says fiscal deficit will remain at Rs361 billion for the fiscal year 2010-11.
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The corporate do-gooder
Capitalism need not be constructed on selfishness alone.
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The scope of responsible business
Being a corporation entails being a part of the community.
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Talking business
Opportunities came and went but the finance ministry failed to impress the cabinet to rally around the bill.
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The week in focus
The government faces an uphill task to enforce RGST and flood surcharge in an attempt to gather much-needed funds.
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Korean tech giant digs deeper into Pakistan
Samsung's Android-based Galaxy Tab tablet to officially make it on November 20.
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The heating global financial war
Issuing billions in fiat currency has devalued the dollar resulting in cheaper US exports.
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Why the new tax is a good idea
And why opposing it means supporting evaders.
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Deal struck on $375 million wind power plant
Project to produce 150 megawatts of electricity by installing a plant close to Karachi.
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Black gold
Reports of huge reserves of coal buried under the sands of the Thar desert in Sindh have surfaced time to time.
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LPG price raised by Rs8 per kg
Domestic cylinder price increased by Rs100, commercial cylinder increased by Rs400.
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Pakistan Development forum kicks off
Provincial representatives claim they have overcome differences with regard to the reformed general sales tax.
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Curbs on exports to Afghanistan removed
Khyber-Pakhtunkhwa had earlier banned exports, citing high prices, unchecked smuggling.
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Chilli shortage set to sting consumers
Sindh’s red chilli production posts sharp decline due to serious water shortage and torrential rains during harvest.
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Blast to have repercussions for already depressed trade
Business owners assert latest blast to hit Karachi has caused irreparable damage to the confidence of foreign buyers.
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Stocks hit 27-month high before closing flat
Market surges on first day but tax issues drag it down rest of the week.
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Old wine, new bottle
The new bill carries only cosmetic changes from the withdrawn VAT bill.
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Pace of industrialisation to pick up
Industries minister says provision of free land for industrial zone in Larkana will speed up industrialisation.
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‘Smuggling needs to stop to reap benefits’
Transit trade agreement leading to smuggling as containers are imported to Afghanistan and then re-routed to Pakistan.
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Omantel may inject $70m into WorldCall
Troubled arm needs funds for capital expenditure, debt restructuring.
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Chinese companies keen to invest in country
LED technology is being utilised in China for lighting streets, parks and other public and private buildings.
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Heckles greet controversial bills in NA
MQM calls RGST, flood surchage bill last nail in economy's coffin; PML-N calls it a recipe for complete disaster.
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Court asks for pre-1973 Constitution natural-gas sharing formula
Industrial associations file petitions challenging outages of electricity and natural gas in Karachi.
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Employees at offices near blast site resume work
Structural losses may be repaired but the psychological toll may linger on.
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Oil refineries’ production drops 15%
Month-on-month output up 30 per cent in October, while production in first four months of current fiscal year drops.
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Finance minister disturbed at cabinet’s extravagance
Unauthorised use of official vehicles hurting national kitty, Shaikh takes up matter with Prime Minister Gilani.
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Stocks fall as investors stay away
Karachi Stock Exchange benchmark 100-share index ends 0.29 per cent or 31.22 points lower at 10,874.02 on Friday.
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No buyers while prices of sugar rocket
TCP sells just 6,000 tons against offer of 19,000 tons, as senate body hold government responsible.
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Encroachments cause traders Rs350m losses daily
Roadside vendors avoid sales tax, electricity charges and cost economy billions, allege traders.
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President Zardari’s China trip
The only leader who seems to have an understanding of the need for strengthening economic ties with China is Zardari.
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Media watch: Taxing times
Media discusses the possibility of the the RGST and flood tax being implemented and its implications for the country.
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Stocks fall as investor interest turns sour
The Karachi Stock Exchange benchmark 100-share index ended 0.34 per cent or 36.7 points lower at 10,905.24.
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Government policy, business reality at odds
‘Pakistan market over-regulated and under-developed’.
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Trade deficit widens by 11.9% for July-October
Exports grow by 19 per cent, imports by 16 per cent.
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KAPCO removed from MSCI Pakistan Index
Foreign funds may offload their positions from the scrip.
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Sugar prices ease as supply resumes
Sugar prices recede for second day in a row throughout wholesale markets of the country.
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Draft exempts food, life-saving drugs, books
General Sales Tax Bill draft also excuses 184 textile units from paying sales tax on utilities.
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Remittances rise by 13% to $3.5b
Remittances continue to show a rising trend as a total of $3,501.4 million is received first 4 months of fiscal year.
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Car sales increase by 14 per cent
Higher demand despite rising prices leaves some analysts baffled.
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Emirates keen to expand business in Pakistan
Country contributes 12 per cent to airline’s regional revenue.
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Pakistan hits back on allegations of corruption
Some countries do not want to pledge money for reconstruction and they are using the corruption pretext.
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Inflation hovers above 15%
October figure suppressed because of drop in prices of perishables, trouble expected next month.
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National air-carrier confident of turnaround
PIA spokesperson Sultan Hassan says operational profits show that PIA can become self-reliant.
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EU capitals approve trade aid package for Pakistan
The package covers 75 Pakistani exports which will be allowed to enter the EU duty-free from 2011.
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Inflation rises over 14%
The Federal Bureau of Statistics says inflation rate for the first 4 months of current fiscal year is 14.17 per cent.
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Uproar over sugar price hike
Sugar prices continue to rise as the commodity is available for no less than Rs115 per kilogramme across the country.
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Holbrooke lauds RGST bill approval
US Special Envoy Richard Holbrooke says Washington supports proposed RGST bill, plans to reform tax system.
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PIA seeks state bail out to survive
PIA promises to make cutbacks and better its fleet in a bid to improve fortunes, if treasury agrees to cancel debt.
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Flood tax, RGST get cabinet nod
Federal cabinet approves bill to overhaul tax regime primarily to rebuild flood-hit areas.
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Sugar-starved Punjab to receive 10,000 tons daily
TCP to increase the supply of sugar to Punjab from 50,000 tons to 100,000 tons.