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Oracle sees growth in Pakistani tech industry
Seeks to step in and offer tech optimisation and efficiency solutions.
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SECP appoints PMEX directors
Regulator nominates one-third of the board, shareholders nominate the rest.
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D-8 central banks chiefs to tackle challenges together
Agree to establish trade, economic links, frame joint fiscal, monetary policy.
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SBP issues rules for modaraba-based Islamic deposits
Regulations allow backing by asset pools to cushion short-term shocks.
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Market watch: Activity remains subdued in absence of triggers
Benchmark KSE-100 index falls 19 points.
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Textile ministry joins farmers in denouncing trade with India
Says decision to open trade with India will “destroy” Pakistan’s textile industry.
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PAC tightens the noose around NESPAK chief
Inquiry establishes that MD authorised illegal promotions, misused powers.
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Plan in the doldrums: Finance ministry resists backing LNG imports
LNG is being imported to cope with gas shortages during the winter season.
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Food & consumer goods: Unilever targets Pakistan among top priority markets
CEO of London-based giant visited the country as part of a global push to increase revenue from emerging markets.
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Helping out: USAID upgrades power ministry’s IT infrastructure
“The IT upgrade equipment will help improve the flow of work and process cases efficiently,” says Moore.
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Business growth centre for women inaugurated
Centre to help women create linkages with related businesses.
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Gas shortage: Fertiliser manufacturers claim losses of nearly Rs5b
Revenues have declined 31%, profitability by a whopping 139%.
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CNG industry demands reduction in taxes
OGRA, APCNGA should settle on a pricing formula at the earliest: Paracha.
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‘Rising input costs have made farming unaffordable’
Regulation needed to boost efficiency, production: former agriculture minister.
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Central bank chiefs of D8 countries deliberate key issues
Identify four areas of cooperation to promote economic growth
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MFN status to India: Farmers alone in their fight against Indian imports
Ministry of Finance ‘nays’ subsidy for the agriculture sector.
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Market watch: Volatility prevails as mid-caps become favourites
Benchmark KSE-100 index closes flat.
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After 18 months, US-Pakistan dialogue on economics, finance to resume
Agenda includes bilateral economic cooperation and US civilian assistance.
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Rationalising prices: Govt mulls increasing Qadirpur field wellhead price
Move to transfer billions of rupees of additional burden on gas consumers.
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Finalising paperwork: Iranian VP’s cancelled visit means no agreements
Bureaucratic mismanagement, finance minister’s reluctance to allow publicity behind Tehran’s annoyance.
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‘Pro-business climate crucial to gear up economy’
Adverse business conditions deterred local, foreign investors: FCCI.
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SBP releases directives for Islamic banking
Instructions pertain to distribution of profits and losses
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Clash of views results in delay in finalisation of Industrial Act draft
Final draft to be tabled before Sindh Assembly for incorporation into Act.
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As mobile banking grows, Zong, Askari Bank join the race
Mobilink, Telenor, UBL have already entered mobile financial services market
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Market watch: Market continues upward trend
Benchmark KSE-100 index rises 54 points.
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D-8 trade expo begins on sidelines of summit
Member countries have set up stalls to promote business linkages.
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Solar power is now cheaper than diesel generators
Falling costs are likely to make photovoltaic cells a viable source of alternative electricity production in Pakistan.
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Pakistan may have to wait for Iranian loan for IP project
Agreement may not be finalised before Iranian president’s visit.
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Oil prices review: ECC to take decision in the next meeting
Supreme Court had suspended weekly pricing mechanism, govt awaits decision.
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SC insists CNG prices should remain same until new formula prepared
SC orders respondents to prepare new formula which prioritises consumer's benefits, adjourns hearing till December 5.
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A word of caution on Sukuk financing
Asset-based Sukuk replicates conventional bonds and should be avoided.
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Disabled does not mean ‘unable to’
If provided resources, handicapped people can make their own space.
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Debt capital markets: unexplored territory as yet
With low interest rates and increased liquidity in banks, now is a good time to tap DCMs.
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Creating business space in times of a financial crunch
If countries cannot pay off debt, they should offer a good investment climate.
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The poor man’s fuel: Regulate the use of CNG, not just the price
The fuel is obviously not being consumed by the right segment of society.
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Human rights violation: Soldier’s hanging jeopardises EU trade concessions
Concessions require Pakistan to curtail the death penalty.
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Muharram Demand: Electricity to 89 steel furnaces suspended
The association said supply had been suspended without any notice.
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‘Indian trade fair to open new business vistas’
Pakistan, India are witnessing significant improvements in economic, trade ties.
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Tarin suggests strategy to turn around loss-making enterprises
Wants units placed in independent holding company before privatisation.
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Solar Power: Tuwairqi Steel Mills inks deal with SolarWorld
This contract will make TSMLE an exclusive distributor of SolarWorld’s photovoltaic modules in Pakistan.
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With HSBC acquisition, JS Bank shows its deal-making savvy
Pricing formula takes into account flight of multinational corporate clients.
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Cement manufacturer: Timely investments bring Al-Abbas back to profitability
Company remains focused on domestic market, wants to reduce debt burden.
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Weekly Review: Market enters consolidation phase after shrinking 0.3%
Adverse law and order situation, outflow of foreign funds restrict market.
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CNG price conundrum: OGRA proposes Rs13 per kg hike; SC to consider on Monday
Move proposed to keep CNG pumps operational; authority wants margins reduced.
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Ukraine willing to assist Pakistan’s development
Both nations need cooperation, people-to-people contacts to enhance ties.
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‘Pakistan is next economic success story’
Rising female education, climbing exports are clear indicators.
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Exporters stand chance of boosting sales to Europe
EU’s trade preference scheme takes effect from Nov 15.
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WAPDA master plan reaches execution phase
Seeks to add 20,000MW by 2020, if funds are provided.
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Market making starts in Stock Index Futures Contract
Index-based contract provides hedge for individual investors, institutions.
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Market watch: Market rounds off week adding moderate gains
Benchmark KSE-100 index climbs 55 points.