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SITE industries lose Rs1b from power outages
Industries in Site face losses due to unannounced outages by KESC over the past two days.
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Turkish development agency to set up office
Turkish International Cooperation and Development Agency (Tika) to strengthen cooperation.
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Provinces wonder what is ‘substantial’
Delay in consensus feared to push imposition of RGST beyond the stated deadline of November 1.
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EU’s duty-free list omits key textile products
Key items, if included in list will boost Pakistan’s exports by up to €1 billion: federal minister textile industries.
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Mobile phone recycling programme launched
Nokia Pakistan initiates mobile phone recycling campaign to encourage recycling of redundant sets.
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Asia needs to produce more food with less water
Asia will see a surge of 70 to 90 per cent in the demand for food by 2030, say new studies.
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Stock market rises after NRO hearing postponed
KSE's benchmark 100-share index rises 0.95 per cent or 97.64 points to close at two-month high of 10,389.97.
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Dispute between KESC, SSGC lingers on
Feud takes fresh turn after SSGC announces gas supplies to KESC normalised while KESC contests claim.
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Exporters cry foul
Exporters of value-added textiles face serious problems because of increasing cotton yarn prices in local market.
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Pakistan, donors in row over utilisation of loans
Pakistan locks horns with international financial institutions over the mechanism for utilisation of loans.
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SC rejects report on OGDC chairman's appointment
Supreme Court rejects report into report on appointment of Adnan Khawaja, questions his high salary.
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Revenue body submits draft of CGT rules
FBR submits a draft of rules and procedures for capital gains taxation to ministry of finance for approval.
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IFIs slammed for exploiting poor
Committee for Abolition of Third World Debt criticizes IFIs for using debt as tool to exploit poor countries.
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Court asks TCP to sell sugar at Rs60 a kg
SHC orders TCP to sell 50,000 tons of imported sugar at fixed rate of Rs60 per kg.
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Duty on PTA cut to 3%
The government cuts duty on import of pure terephthalic acid, a raw material for the production of polyester fibre.
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EU to push for trade breaks for Pakistan
Representatives of 23 countries to meet in Brussels on Friday to assess what long-term financial help Pakistan needs.
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Gas, electricity woes to worsen
Consumers will have to face gas shortfall of over 20 per cent in the upcoming winter season.
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Three-day bullish run comes to an end
Stocks end three-day bull-run as investors booked profits ahead of key court case hearing.
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Car sales up 6% in September
10,400 cars sold in September, up six per cent when compared with sales for August.
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Delay in sugar import causes Rs4.7b loss
The top auditor has found a nexus between a government agency and sugar barons.
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Microsoft's Windows Phone 7 to challenge iPhone, Android
Microsoft's last-ditch attempt to reclaim its prominence in the smartphone market has won favorable early reviews.
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EU to urge trade breaks to help flood-hit Pakistan
EU will urge countries to join it in granting Pakistan trade breaks to help the country cope with widespread floods.
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Turkey ready for joint business ventures
Businessmen are convinced of opportunities in a number of sectors including textiles, construction and education.
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Chairman appointed
Nazar Hussain Mehar has been appointed chairman of the recently established Sindh Revenue Board.
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Customs’ offices should get police station status
The federal government is to prepare software and set up customs police stations across the country.
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BankIslami buys Citibank’s unit
Citibank accepts BankIslami’s offer for the acquisition of its housing and finance business portfolio.
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World Bank sees silver lining in problematic project
WB says Tax Administration Reforms Project finally shows progress and it is ready to extend it till December 2011.
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Housing finance to GDP ratio less than 1%
Pakistan has one of the lowest ratios of housing finance to gross domestic product in the world, according to report.
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Bullish trend continues for fourth day running
Stocks continue bullish trend, ruse to two-month high with support from local institutions and foreign fund managers.
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Refinery production down 14 per cent
The country’s oil refineries produced just 1.8 million tons during July to September.
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Remittances rise 13.5% in first quarter
Data released by the State Bank shows people are switching to legal channels for sending money back home.
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Electricity tariff adjustments for July, August illegal
The monthly fuel charges adjustments for power distribution companies have been illegal for more than a month now.
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Talking business
Power subsidies may make for convenient politics but nobody is willing to pay for them.
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Eating halal goes far beyond scientific reasoning
The global halal meat industry is valued at around $150 billion with over 1.6b Muslim consumers across the globe.
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Port Grand claims to have it all, but will the project stand the test of time?
At the cost of Rs300, Karachiites will finally have the answer to “What is there to do in Karachi except eat?”
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The week in focus
Initial public offering of power companies expected to bring funds to help cope with swelling inter-corporate debt.
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How to invest your money abroad
It is generally assumed that in order to start investing abroad, one needs a large amount of money.
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Does Pak-China trade reflect mutual benefit?
Pakistan imports goods worth $11.1b and exports goods worth $0.25b to China between Dec 2006 and August 2010.
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Controversial computerised system set for overhaul
The Federal Board of Revenue's love-hate relationship with the company that implemented the PaCCS software.
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Concern expressed over customs clearance system
The World Bank expresses serious concern over the functioning of the Pakistan Customs Computerised System.
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Kenya releases Pakistan’s rice containers
This finally brings to an end the standoff between Nairobi and Pakistani rice exporters.
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IMF seeks time-frame for withdrawal of tax breaks
The International Monetary Fund expresses concern over the proposed phase-wise implementation of tax reforms.
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KSE buoyed by upbeat final two days, gains 2.2 per cent
Stocks at the Karachi Stock Exchange managed to post gains amidst lacklustre participation from investors.
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Govt shows measured disappointment
EU's trade concession package disappoints, primarily due to the exclusion of home textiles from duty-free items.
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Floods hamper oil, gas production in Q1
The country’s oil production remains stagnant at 64,000 barrels per day in the first July-September quarter.
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Pakistan must reform system: IMF
Pakistan’s government must push through politically difficult tax reforms and curb government borrowing.
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Gold prices decline by Rs700 per tola
After reaching consecutive record highs, gold prices come crashing down on Friday.
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TCP sells 25,200 tons of sugar
The Trading Corporation of Pakistan sells 25,200 tons of imported sugar in the open market on Friday.
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Markets silent in wake of shrine blast
Shops and markets in parts of Karachi remain shut and business are severely affected.
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NCEL volumes surge 654% in Q1
Trading volumes at the National Commodity Exchange Limited (NCEL) grow 654 per cent to Rs51.76 billion.




























