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SECP fines Pak-Qatar Family Takaful for deceptive marketing
Equity watchdog asks company to pay Rs800,000 within 30 days.
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Defaulters continue to get uninterrupted electricity
Govt is missing in action as outstanding dues touch Rs200b.
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Market watch: Foreign buying, lower inflation drive KSE up
Benchmark KSE-100 index gains 12 points.
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Core inflation eases, but experts raise eyebrows
Ministry officials attribute the decline to stagnant house rent.
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Removal of NTN condition to broaden tax base: auto industry
Analysts, however, believe govt will lose potential taxpayers.
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Teetering on the edge: PSO defaults on payments to international suppliers
As L/Cs mature, PSO finds itself severely short of cash to finance operations.
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Waking up to reality: In face of revenue shortfall, FBR slaps taxes on five sectors
Zero-duty withdrawn from textiles, sports and surgical goods, leather and carpets; tax on tea enhanced to 16%.
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Businessmen told how to cope with dumping
Seminar speakers ask businesses to be aware of WTO rules.
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Study identifies gaps in fan industrial cluster
TUSDEC develops plan to bridge technological gap, enhance productivity.
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Sweden to help in developing alternative energy
Will ask local companies to discuss opportunities with Pakistani firms.
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Government sets 6% higher cotton production target
Farmers are forecast to churn out 14.1m bales next season.
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TCP says imported sugar was not sub-standard
Says samples were tested by two different laboratories.
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Jubilee Life Insurance jubilant about its 2012 performance
Gross premiums grow 47% to Rs12.1b, supporting healthy profit growth of 47.7%.
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Market watch: Index heavyweights lead the bull charge
Benchmark KSE-100 index gains 93 points.
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Corporate results: SSGC announces 32% lower profits for first half of fiscal year
Earnings will change following a court decision on a petition filed by the company.
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PTA’s directive on biometric systems stays unimplemented
Authority, operators fail to build consensus regarding the procedure.
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Power generation: HUBCO to incorporate Narowal plant as a subsidiary
Analysts welcome move as it will improve transparency in company’s financials,.
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Diamer Bhasha Dam: World Bank, not ADB, presses for seeking Indian NOC
Pakistan asks for $2.5 billion each from the two lenders.
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Life support for PIA
It makes no sense to keep pumping in money without first ensuring PIA goes through a process of economic cleansing.
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Govt removes custom duties on solar power imports
Decision will enable foreign investment in the alternative energy sector.
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MoU signed for setting up industrial estate at M-3
Will have special zones for Halal units and female entrepreneurs.
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PTEA hails release of tax refund claims
Association calls move a ‘positive step’ towards export promotion.
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State Bank to keep up monetary oversight, says official
Central bank will strive to stabilise macro variables.
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Breakthrough in Afghanistan: NESPAK awarded $500m Bakhshabad Dam project
Pakistan-based consultant firm to design the dam funded by Kabul.
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Linde Pakistan’s profitability expands 5% in 2012
Company announces additional investment plans costing Rs600m .
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Market watch: HUBCO bails out bourse to close at record high
Benchmark KSE-100 index gains 186 points.
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Corporate results: HUBCO achieves 59% growth in profitability YoY
Profits increase after company’s Narowal plant comes online.
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Swept under the carpet: ECC shuts door to probe into substandard sugar import
Approves sale of remaining commodity despite doubts over its quality.
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Barter deal: Pakistan has not shipped any wheat to Iran so far
Sources say that dispute involves finance disruptions from Iran’s side.
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Shale gas extraction policy: ADB advises Pakistan to realise implications on other sectors
Will provide $900m for power sector’s expansion during the next two years.
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ADB delegation to help improve rice farming methods
Discusses promotion of new technologies in basmati rice cultivation.
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Textile industry rejects revised withholding tax
FBR has imposed a 20% tax on companies, exporters to boost collection.
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Gas theft charges controversy put off … for now
Law minister says move could violate Lahore High Court orders.
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Wind sources acquire greater importance in energy mix
Govt decides to enhance share of alternative energy from 5% to 20%.
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Duddoo Aur Dhobi: New mobile app introduces Urdu nursery rhymes
App has received generally positive reviews; users say they want more.
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Market watch: Institutional selling pulls KSE below 18,000
Benchmark KSE-100 index falls 126 points.
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Corporate results: Growth slows to a crawl at Unilever Pakistan
Company to invest in its “emerging categories”, continues to pursue delisting.
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High-level huddle: Government tries to revive ‘controversial’ Safe City project
ECC refers the matter to Supreme Court for endorsement.
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ECC meeting: PIA given approval to induct new aircraft
Cabinet committee also approves extension in govt guarantees.
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In defence of Dr Hafeez Shaikh
I know one thing for a fact. Had Dr Shaikh not been there, the situation would have been much grimmer.
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Ajman tries to woo Pakistani investors
AFZA officials are visiting Pakistan to convince local business community.
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LADIESFUND to announce awards for businesswomen
Three awards, 11 scholarships to be handed out.
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FBR selects over 12,000 taxpayers for audit
These companies are suspected of tax evasion.
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Nishat (Chunian)’s profits surge 64% QoQ
Higher dividend income from subsidiary adds to profits.
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ECC likely to approve LPG Policy 2012 today
Will also consider proposed margin hike on petrol, funding for Neelum Jhelum.
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Immigration control: Pakistan to ease entry rules for foreign businessmen
Exemptions to be granted for foreign businesses operating locally, says Malik.
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Market watch: Despite profit-taking, index closes above 18,000
Benchmark KSE-100 index falls 54 points.
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UBL’s profits register 29% growth over previous year
Also announces Rs3.5 per share dividend.
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Corporate results: Stellar results propel NBP’s stock to highest in two years
Bank announces Rs7 per share cash payout and a 15% bonus issue.
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Subsidised power supply to KESC illegal: Senate panel
Body formed to probe allegations of corruption in KESC privatisation.

















































