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Meezan Bank to launch Islamic agricultural financing
Sets up a dedicated unit in Faisalabad for the facility.
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Dismissing fears: PIA chairman says no to staff layoffs
Assures employees that all steps will be taken to turn carrier around.
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Safeguarding consumer rights: OGRA remains defiant against petroleum ministry
Refuses gas utilities from charging customers for fixed volume of gas over actual consumption.
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Cut power subsidies and invest in Diamer Bhasha Dam, says ADB
Further delay may enhance project cost, lead to its cancellation.
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Transparency stressed in CSR activities
SECP outlines CSR guidelines for businesses.
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Mobile banking accounts hit 1.8m mark
Number of users grow 25% in July-September quarter.
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Manufacturers claim: Domestic urea prices far below global levels
They say gas subsidy is passed on to farmers in shape of reduced prices.
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Textile exporters threaten civil disobedience
Say govt must act to ensure gas and electricity supply to Faisalabad.
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Marekt watch: Market listless as year draws to close
Index gains 35 points amid lower participation.
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Railways outsources Lahore-Karachi Night Coach
PR rehabilitation will take at least 16 months when new locomotives start arriving.
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Defying court orders: NEPRA approves controversial hike in power tariff
Islamabad High Court has barred retrospectively levied surcharges.
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Scuttling the boat?: ‘Bureaucrats are creating hurdles to progress on the Thar coal project’
Coal mining company exasperated by Ministry of Water and Power’s lack of cooperation.
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Dilly dallying: No move on CNG policy as stakeholders lock horns
Parties unwilling to see eye-to-eye on the issue of CNG prices.
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Pakistan to receive $700 million from US: Hafeez
Finance minister says Pakistan to pay two installments of IMF loans in early January, 2013.
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Real estate: Lahore property prices largely stagnant over the past 5 years
Some areas see a sharp rise, others see stagnation, even decline.
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Power shutdown: Textile millers plan widespread protests
Say millions of industry workers will take to streets.
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Garment manufacturer brings back investment from Bangladesh
EU concessions encourage Tauseef Enterprises to reinvest in Pakistan.
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US fiscal cliff, rising pressure on BOJ undermine yen
Dollar rises to 20-month high against Japanese currency.
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Bucking trends, Teradata invests in Pakistan
CTO believes Pakistanis are more agile with technology than Indians.
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Rural Sindh: Villages make first contacts with modern technology
Coastal development project aims to uplift small communities in rural areas.
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3G: PTA members squabble over hiring of auction consultants
Revised information memorandum for inviting bids not yet published.
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NBP says ready to finance IP gas pipeline project
Clarifies will do so only on directives from the State Bank.
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Incentivising investments: Petroleum ministry seeks 20-year tax break for Byco
ECC has already granted 7.5-year tax holiday to the country’s largest refinery.
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Customs officials ask for help in combating smuggling
Say business community should play a role as it is most affected.
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Efficient power cables help improve HESCO’s profits
With ADB-funded loan, company improves transmission network.
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Punjab’s industry defers buying cotton lint
Widespread power cuts hit textile production, exports.
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Market watch: Christmas holiday marks lull at Karachi bourse
Index closes with minor gains as investors stay away.
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Korean firms to invest $2b in hydropower projects
MoU signed for two projects with capacity of 1,161 megawatts.
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ADB approves $245 million loan for eight DISCOs
Loans to be used to curb transmission and distribution losses.
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Industrial blackout: Millions of jobs at stake, say textile millers
Punjab industry protests month-long cut in power supply.
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President inaugurates country’s first windmill project
FFCEL’s project to contribute 50 megawatts of electricity to national grid.
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Meeting on CNG prices: High-ups of petroleum ministry fail to turn up
Still no consensus reached with key stakeholders absent.
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Rising tide: Consumer-centric companies dominate the “near billion dollar club”
Food, beverages, financial services, cars, and telecommunications all rising due to growing middle class demand.
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The growth of the “billion dollar club” in Pakistan
State-owned energy companies dominate list of large companies in the country.
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The unparalleled growth of the services sector
Unlike common perceptions Pakistan is neither an agri economy nor industrial, but services based.
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Global Body: Etisalat Group CEO elected to GSMA board
GSMA represents the interests of mobile operators worldwide, uniting nearly 800 of the world’s mobile operators.
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Duty-free access: Infrastructure hurdles restrict Pak-India trade
Businessmen stress Wagah land route is the most economical.
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Raw Materials: Pak Steel seeks to import iron ore from Iran
PS delegation would meet representatives of five Iranian companies and would also discuss possibility of barter trade.
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OGRA approaches decision-makers for resolution of CNG prices issue
Higher-ups still undecided on how to control demand and supply of fuel.
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‘IP pipeline to be built despite foreign, domestic pressures’
Petroleum minister announces 36 hours of gas supply per week to Punjab’s industries.
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Row over gas theft: Petroleum ministry to tighten pressure on OGRA
Regulator refusing to budge over shifting of Rs22b losses to consumers.
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Star-struck audience: Imran Khan’s shadow keeps economic policy in the dark
Instead of informed discussion, businessmen at KCCI treated to political spiel.
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Weekly Review: Investors cautious as index hovers at record highs
Rupee continues to slide against dollar as foreign exchange reserves decline.
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Plant diseases: Workshop stresses promotion of scientific techniques
Viral diseases spread from nematodes significantly decreased the production of vegetables.
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Fixing the price of CNG
There is no getting away from fact that gas reserves are depleted, we have no option left but to reduce CNG demand.
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Grad employment offtake puts IBA top of Pakistan’s Ivy League
Survey says 86.7% of graduates in 2012 found employment of their choice.
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Trade performance: Goods worth $68b exported in three years
Pakistan exports to US in year 2010-11 rose to $24.827 billion.
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Oil explorers: OGDC discovers new gas reserves in Balochistan
Preliminary assessment showed an estimated reserves of about 1.06 trillion cubic feet.
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Corporate amnesty: SECP extends deadline up to year-end
3,500 companies have so far opted for the schemes.
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Govt, UN sign pact to boost economic growth
This is the second ‘One United Nations’ programme that Islamabad, UN have signed.