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Thievery galore: A quarter of nation’s gas resources looted every day
Unregistered consumers steal gas, people don’t pay bills in areas hit by law and order problems.
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Weekly review: Bulls stay afloat as market continues to celebrate at peak levels
Sector-specific activity reduces effect of adverse macroeconomic developments, political concerns.
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Sugar scam: Head of investigation resigned quietly 15 months ago
Inquiry into artificial price hike could not be completed, culprits get off scot-free.
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More routes for trans-LoC trade and travel
IHK CM calls for opening of Jammu-Sialkot route.
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Pakistan’s ambassador woos US investors
Seeks investment in microfinance and other promising areas.
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India to give special visas to textile millers
APTMA will lead trade liberalisation process, says APTMA head Gohar Ejaz
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Reko Diq project to create 2,500 jobs during construction
Report says project needs investment equivalent to 4% of total economy.
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Breaking the tradition: FBR chief hell-bent on challenging status quo
Hakeem wants to use his tech-background to root out tax evasion.
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Private sector irked as govt appropriates LNG import projects
Experts say govt’s policies will sink LNG import plans.
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Barter trade: Iranian team takes wheat samples for quality check
If approved, Pakistan will export 1m tons in exchange for fertiliser, iron ore.
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Beverages: Why Coca Cola is investing another $248m in Pakistan
Global giant hopes to increase its market share in the rapidly growing $1.3 billion Pakistani soft drink market.
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Ogra commences audit of CNG stations
An initial audit report will be submitted to the Supreme Court on November 15.
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New pricing formula: OGRA hires firm for audit of CNG stations
Avais Hyder Nauman Liaquat to submit report within 4 days.
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SECP to amend non-banking finance companies’ regulations
Calls for comments and feedback on statutory regulatory order.
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Automatic billing: Special meters to detect exact electricity usage
In phase one, meters with Automatic Meter Reading (AMR) ability will be installed on a common delivery point.
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Initiatives : Export processing zones to be set up across country
"The export processing zones would also be set up in Chakari, Attock and Chakwal" says Deputy PM
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Corporate heavyweights converge at CEO Summit
Event provides opportunity to network, share experiences
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ADB, OFID ink deal to support emerging Asian economies
Risk distribution agreement to support trade in Pakistan, among others.
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Government amends employees’ stock option scheme
Maximum receivable benefits reduced; eligibility criteria eased.
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Market watch: Market closes in black, led by oil, banking sectors
Benchmark KSE-100 index rises 25 points.
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Despite debt crisis, France hopes EU will remain intact
Ambassador insists EU is still the world’s largest trading bloc.
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Pakistan finalising arrangements to target global arms market
Defence firms exhibit high-tech products to attract local, foreign buyers
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The lords of war: Array of military hardware up for grabs at IDEAS 2012
Private contractors confident of securing orders from around the world for military goods.
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CCI meeting: Clear your power bills, PM tells provincial, federal govts
Meeting decides in principle on equitable distribution of electricity.
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OGRA hires audit firm to evaluate profit earned by CNG stations
OGRA official says audit firm would present report within four days, by November 12.
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Gomal Zam project: Dam to be commissioned in January next year
The Gomal Zam dam will generate 17.4 megawatts (MW) of cheap hydel energy.
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Pakistani firm authorised to verify SMEs for Alibaba.com
Will enable local companies to gain credibility, visibility on the B2B portal
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Budgetary funding: Punjab spends Rs16.8b on development projects
Spending stands at 35% of approved funds in first quarter
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‘Japanese markets open to innovative businessmen’
Diplomat urges local businesses to improve products.
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KESC to invest Rs40b to enhance capacity
Project to be funded through both debt and equity.
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PMEX turns its first profit in history
Entity records nominal profit; details of company accounts not publicised
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Market watch: Sector-specific activity drives bourse to new highs
Benchmark KSE-100 index climbs 167 points.
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Textile millers in a hurry to import cotton
Millers go for imports after price rise in domestic market.
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Exports to France can take a quantum leap
To achieve this, government must implement conventions on environment, human and labour rights.
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Derailed company: Cash-strapped Railways faces uncertain future
Once thriving national carrier’s downfall mainly attributed to shortage of engines.
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Senate committee seeks audit paras of 10 organistaions
AAG says some institutions refused to have their accounts audited by the Accountant General.
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Sealing CNG stations: Petroleum ministry, OGRA chairman put on notice
CNG station owner ask SHC to stay sealing of fuel pumps by OGRA till apex court issues judgement on pricing formula.
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SC seeks report from NAB on underhand rental power plant deal
PML-Q leader expressed concerns to SC over the deal with Turkish rental power company.
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A thousand stations will shut down if prices are not changed: CNG Association
CNG association presents pricing formula, demands Ogra to provide them with profit.
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Amnesty scheme: PESCO offers up to 70% discount to defaulters
The discount package has been introduced to strengthen the recovery process, says Brigadier (retd) Tariq Saddozai.
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‘Local commercial aviation industry is in shambles’
Revival of the industry will require efficient planning, prudent actions
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Contract extension: Govt reappoints bureaucrat after retirement
Rana will serve as finance secretary, may deal with lending agencies
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Mobilink to launch mobile financial services
Central bank issues licence to Waseela Bank, which will manage the service.
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‘Mutual cooperation can break trade barriers’
Indo-Pak trade can touch $10b; if sector-specific measures are taken: Badal.
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Textile exporters unaware of Japanese standards
Exports remain low because of lack of knowledge.
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YS Securities and Services: Broker sinks Rs4b of investors’ money, vanishes
NAB initiates probe into multi-billion-rupee fraud; over 14,000 investors affected.
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Market watch : Investors bank profits across the board
Benchmark KSE-100 index falls 105 points.
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President to press Qatar to scale down LNG price
Deadlock over price has delayed deal on supply of 500 mmcfd of gas.
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Debris of a crisis: After disclosures, Bank of Punjab back in good books
State-owned bank declares nominal profits, without provisioning for Rs30 billion in bad loans.
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OGRA issues show cause to 44 CNG stations
Warnings issued over station closures following Supreme Court’s directives to cut CNG prices