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Apex court questions TCCP sub-lease for Reko Diq exploration
SC notes the Balochistan government never approved amendment in Joint Venture Agreement to allow TCCP exploration.
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Privacy groups ask Facebook to withdraw proposed policy changes
Changes raise privacy risks for users, violate company's previous commitments to its roughly 1 billion members.
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Food Challenges: GCUF conference to start from Dec 11
Scientists from Malaysia, US and France to present research papers before delegates from institutions, food industry.
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Aramex founder to advise IBA on business projects
Ghandour joins IBA’s Centre for Entrepreneurial Development.
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Facilitation: Airlines, banks to set up counters at embassies
Reservation desks to be set-up at embassy premises to facilitate repatriating community at competitive fares.
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Mari petroleum: Mari Gas Company’s name change approved
Mari Gas Company (MGCL) has changed its name to Mari Petroleum Company Limited (MPCL).
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Qadirpur gas field: Finance ministry refuses to give nod to price increase
Price rise will put a cumulative burden of Rs200b on consumers
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OGDC managing director’s appointment challenged by executive director
Latter alleges that Siddiqui’s recruitment was a breach of protocol.
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In a first, Sindh takes part in UAE date expo
Seeks to promote Pakistan fruit market, secure export orders.
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Increase in wheat support price a ‘belated decision’
Farmers say late move will not help increase crop production
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Market Watch: Stocks dullish as investors await monetary policy
Second tier stocks help market gain 33 points.
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Power projects: Officials to discuss financing strategies with US team today
Video conference to help break some ground ahead of official meeting next month.
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Expatriate workers increasingly help float domestic economy
New World Bank report analyses trends in foreign remittances
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All hands in the cookie jar: Billions of rupees of taxpayer money untraceable
Fiscal books show Rs88.7 billion unaccounted-for; questions raised over authenticity of fiscal operations.
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Gas pipeline prospects
It is curious big-seller Iran & big-buyer India are both worried about Pakistan to build pipeline & protect it.
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Rental Power: SC directs NAB to recover outstanding dues from Karkay
SC says NAB chairman would be held responsible if the Turkish ship left Pakistani territory without paying dues.
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India, China firms sign deals despite political tensions
The agreements included a plan to develop renewable energy projects envisaging an investment of $3 billion.
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Air Indus doomed to crash before take-off
Company is not owned by the president’s sister, and has yet to be granted licences.
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‘For the women, by the women’
Entrepreneur wins prize for a novel idea for a restaurant.
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Edible Oil: Food ministry to enhance production
Pakistan imported Rs24.5 billion worth of edible oil in June 2012.
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FBR all but concedes failure in achieving tax targets
Says nothing can be done without adopting out-of-the-box solutions.
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Money managers failed to balance books, says audit
Government issued guarantees beyond the prescribed limit in 2009, 2010.
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View from McLeod Road: SBP’s new rules to help Islamic banking grow faster
Removing the minimum deposit rate requirement will help banks, not depositors.
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Weekly Review: Market remains in consolidation phase as volumes jump
Activity in blue-chip stocks drops to a multi-year low, small and mid cap stocks enjoy the spotlight.
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IP gas pipeline: Iran wants assurance that Pakistan is ‘all in’
The $500 million funding agreement is to be signed next week, say sources.
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International projects: NESPAK to build dam in Nigeria
Obudu Dam is in the Cross River State in southeast of Nigeria.
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Electricity teams to accompany Muharram processions
Technicians to be deputed to avert any emergencies.
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‘Pakistan should focus on regional trade’
Islamabad will eventually lose exports to recession-hit West, say experts.
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Gas supply rationed to textile mills
System in experimental phase, to be implemented if successful.
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‘Tarbela extension project to be awarded in 2013’
Pre-qualification process of construction firms completed.
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Auto lobby overjoyed at ECC decision on car imports
Say cut in age limit will rejuvenate local industry.
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Market watch: Cautious investors bank profits ahead of weekend
Benchmark KSE-100 index falls 13 points.
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Number portability ban to benefit industry, say analysts
Big players expected to hike calling rates, cut marketing costs.
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US reaffirms assistance for Diamer Bhasha Dam
Project’s financing issue to be taken up in Washington next month.
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Oil prices: Law minister steps in to block fortnightly review
Says Parliament approved monthly review; PM to be taken on board for final decision.
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Special treatment: KSE considering setting up separate lists for SMEs
Companies with the paid-up capital of Rs200 million and more will not be allowed to be listed on the KSE SME board.
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For Tareen, a jet for political use, household staff as directors
Board of directors of JDW Sugar packed with Tareen’s personal employees.
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Envoy invites Pakistani banks to Iran
Says trade relations have progressed too slowly.
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Bourse delists seven firms over non-payments
Directs majority shareholders to buy-back shares from minority shareholders.
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Govt to back LNG projects, says minister
Reports yesterday said that govt refused to provide guarantees.
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‘A competitive environment must be enabled’
Competition watchdog reaches out to spread awareness among stakeholders.
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Car import business to stall after ECC decision, say importers
Reduction in allowed age of imported cars to limit supply, raise duties.
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Pakistan struggling to achieve food security, says a United Nations report
Cites natural disasters, stagnant productivity as causes.
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Market Watch: Another dull day due to adverse security situation
Benchmark KSE-100 index rises 18 points.
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As elections draw closer, development activity speeds up
Financially constrained govt clears 12 projects worth Rs500 billion.
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Winter blackout: Govt proposes 350MW power cut for Karachi
NTDC cannot legally cut power permanently under the power purchase agreement: KESC.
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ECC meeting: Govt cuts age-limit of imports to three years
Withdraws weekly oil pricing mechanism, undecided on new formula.
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Mobile package ban: PTA’s ‘moral policing’ draws anger, and applause
Banning late night mobile packages is a rash decision, infringement of freedom and rights say experts.
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‘Energy crisis can be ended in six months’
Furnace oil should be diverted to efficient power plants to reduce wastage.
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ACCA holds forum for business accountants
Also introduces new series of publications on capital markets.