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Weekly Review: KSE sheds 138 points; market enters consolidation phase
Profit-taking witnessed as volumes decline at bourse.
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Challenge: ‘Working on enhancing trade, investment ties’
Federal Adviser on Textile appreciated US efforts to promote trade and investment between US and Pakistan.
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Traders exchange Rs5.7m worth of goods across LoC
Goods traded in 10 trucks under watch of AJK and IHK officials.
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Pakistani craftworks to be on display at expo
China-Korea Trade Expo will be held from October 12-16.
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LSE MD criticises PMEX, calls for parallel spot commodity exchange
Says exchange has failed to attract investment in farm produce.
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‘Domestic, industrial gas supply to be separated’
Official says move will ensure uninterrupted gas supply to industry.
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Improving Ties: India allows domestic entities to invest in Pakistan
Previously, Indian entities were not allowed to invest in Pakistan.
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Market watch: Bourse back on upswing as telecos steal most volumes
Benchmark KSE-100 index gains 65 points.
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‘Pakistan-China friendship bedrock for economic cooperation’
Ambassador says businesses need to understand Chinese model better.
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Royalty expense: Railways earns more from one train than all others
Business Express pays Rs516m to Pakistan Railways for six months of operations.
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‘Govt determined to steer Pakistan Steel Mills to profitability’
Premier speaks about restructuring and modernising PSM in meeting.
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No interference: Public servants may be disbarred from company boards
Rules being framed to improve governance in troubled state enterprises.
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Instagram officially part of Facebook
The big ticket purchase was seen by some as a move by Facebook to strengthen defenses against Google.
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Ogdc and ppl: New discovery to have positive earnings impact
Naspha oil and gas block three, in district Karak, has successfully tested for oil and gas from new formations.
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Lack of crop zoning blamed for virus attack on cotton
Cotton ginners blames sugar mills for frequent virus attack.
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Asia-Pacific Corp to invest in replacing gas meters
Project will control leakage, give real-time information about consumers.
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Govt to divest stake in First Women Bank, Utility Stores
Under BESOS, 12% stake in state-owned entities will be allocated to employees.
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Lucky Cement wins exports award
K-P Chamber holds Business Excellence Awards.
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USAID trains SME farms on best practices
Plan envisages greater market access, higher yields for peach farms.
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Neelum Jhelum project: Irregularities unearthed in costing, award of contract
Officials ask why project has been repeatedly delayed; question projected costs.
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Market Watch : Market undergoes technical correction yet again
Benchmark KSE-100 index loses 105 points.
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Demand nearing peak: Cough, cold medicines in short supply, say pharma firms
Govt has not released raw material, spurious drugs may flood market.
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PTA takes measures to eradicate grey telephony
Authority to install a system to monitor all telecom traffic.
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Crafting their next move: Officials at odds over what numbers to present IMF
Finance ministry wants to paint a rosy picture, SBP disagrees.
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GBLA session: Lawmakers ask govt to declare G-B tax-free zone
An independent legislator wants the federal government to allow import of essential commodities from China.
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Islamic finance : Microfinance forum to be held in UAE
The purpose of forum is to introduce Islamic microfinance in global canvas as effective tool for poverty alleviation.
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‘Banking cover must be extended to SMEs’
Speakers at conference discuss ways to cover neglected sector.
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SBP to develop rules for Islamic banking
Aims to define roles of scholars, five-year plan for the sector.
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Cell for certification of Bt cotton seed planned
The monitoring cell will set seed-testing standards.
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Dodgy numbers: Under pressure, govt releases debatable poverty figures
Statistics reveal a decline to 12.4% amid sluggish growth and double-digit inflation.
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Energy resources: Centre and provinces at odds after 18th Amendment
Experts call for review of amendment to resolve energy crisis.
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Govt to spend Rs4.6b on IT projects
Policy reforms envisage enhancing economic growth, promoting sector.
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Market watch: Bourse undergoes moderate correction
Benchmark KSE-100 index slips 96 points.
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IP gas pipeline: Russia to know next week if they are in or out
Countries to conduct final round of talks on gas supply from Iran.
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US pressure ignored, Pakistan and Iran strike barter trade deal
One million tons of wheat to be exported to Tehran at $300 per ton.
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Competitiveness report: Global ranking paints dismal picture of economy
Country is consistently ranked among the worst in business rankings.
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IBM Pakistan: Siddiqui takes over as country general manager
IBM Pakistan underwent change of leadership as Adnan Siddiqui has taken charge as country general manager.
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Used car imports: FBR urged to revise decision on depreciation limit
FPCCI’s Working Group on Budget have urged FBI to withdraw decision of reducing the depreciation limit to four years.
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Imports of plastics raw material grow, cross $1b
Plastics and Packaging Industry Trade Fair begins.
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Cement capacity utilisation falls to lowest in a decade
Industry claims it is using 68% of capacity due to weak demand.
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Thai group plans foray into agriculture research
It will help increase quality and quantity of food in Pakistan.
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PIA approves fleet replacement plan
Senate told new aircraft will steer national carrier into profitability.
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US reaffirms continued support to power sector
Delegation called on power minister to discuss concerns.
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Market watch: Bourse takes a breather; investors book profits
Benchmark KSE-100 index sheds 40 points.
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Points of concern: ECC strikes down CNG kit import once again
Moves to expedite sugar export to Tajikistan; allows de-regularising HSD prices.
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NEPRA allows 85 paisa per unit raise in power tariff
Lifeline and KESC consumers exempted from the hike.
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Currency swap arrangement with Turkey comes into force
Move to enhance bilateral trade and allow easier settlements.
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Long time coming: New, revamped investment policy next month
World leaders complain about lethargic decision-making process as investment falls to all-time low.
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China confirms takeover of Gwadar port: Report
China may convert the port into an oil pipeline hub to augment its energy supplies from the Gulf.
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Pakistan, India to sign customs cooperation deal soon: Report
Indian Commerce Minister Anand Sharma says deal will be signed within a few weeks.