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Absence of gas: Engro claims Rs34 billion in damages from public utility
Enven fertiliser plant has not received gas since April last year.
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Economy under severe stress due to war on terror: auditor general’s report
Says loss-making state-owned firms also threaten growth, stability.
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Doomsday scenario: IMF paints a gloomy picture of Pakistan’s economy
Jeffrey Franks says the economy is in dire straits and that a bailout programme is inevitable.
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Impressive growth trajectory : Siddiqi turns around State Life’s fortunes in 5 years
Premiums touch Rs54b in 2012, CAGR of 24.1% since 2008.
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Gomal Zam to be ready by end of January
The dam will generate 17.4MW, irrigate surrounding barren land.
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Wheat supply: Quota of closed mills being smuggled
Food department rejects charges of misappropriation.
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SECP outlines initiatives for development of capital markets
Urges stakeholders to work in coordinated manner.
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IMF and political transitions
Any future IMF assistance would require stronger ownership and broad political support for economic reform.
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USAID to provide latest technology for electricity utilities
Automated meter reading devices to help curb theft and losses.
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Improving crops: Centre of remote sensing in the offing
USAID will provide funds for establishing the centre.
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Market watch: Qadri syndrome continues to guide the market
Benchmark KSE-100 index climbs 110 points.
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With ECC air-mix decision, CNG body fears rise in cost
ECC allows pumping of LPG air-mix into natural gas pipelines.
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Pakistan, Afghanistan, Iran: Trilateral trade talks put off for third time
Sit-in delays meeting which was slated to start today.
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With elections around the corner: Timeline issues delay decision on new IMF loan
Washington-based fund wants consensus across the board to approve programme.
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Notes from the industry: One more year and the gas crisis will ease
Pakistan Petroleum executive says enough gas will be added during the year.
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Revenue stream: Railways leases land worth Rs6.1b
All lands were leased out through public auction, says railways authorities.
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Alternative energy: More biogas plants installed in rural areas
“We can meet about 30% of the cooking requirements of rural masses from the biogas alone,” says official.
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Government’s priorities shuffle as politics heats up
Awan’s removal from PTA creates a vacuum; 3G auction process will stall.
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Bank Alfalah to soon accept UnionPay cards
Agreement to help business linkages with China.
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Wheat profiteers in Sindh govt’s crosshairs
Chief minister promises stern action, enforcement of govt issued price.
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Market watch: Bourse recovers after Tuesday’s selling frenzy
Benchmark KSE-100 index climbs 74 points.
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State Bank chides banks for excluding SME sector from credit lending
Governor says sector has huge potential despite current crisis.
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Businesses suffer losses of Rs7b due to protests
Islamabad traders appeal to government to resolve the situation.
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Indo-Pak ties : Govt to consult businessmen before opening trade
Reforms aimed at improving competitiveness discussed.
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Report card: Pakistan may miss growth target for fifth year in a row
World Bank also sees slow pace of economy in the next two years.
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Alarming situation: Scientists discuss impact of climate change
Dr Hussain says that ozone layer is depleting owing to enhanced emission of smoke from factories and human activity.
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Liquidity risks: SBP asks banks, DFIs to report gaps
Banks shall continue to report their maturity gaps only on ‘expected maturity’ basis in quarterly data file...
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Sugar trade to Middle East on the rise
White sugar prices steady at $505 to $535 per ton.
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Pakistan receives 60% less orders in Heimtextil fair
Exporters turned away due to issues arising from power crisis.
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You are fired!: LHC removes telecom authority chairman
Justice Mansoor Ali Shah issued the order on a petition filed by Khawaja Saad Saleem.
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ICAP yet to respond to Competition Commission’s penalty
Says they have received no formal notification yet.
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Ministry refuses guarantees to Engro coal mining firm
Company needs govt backing for $3b worth of loans from banks.
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View from McLeod Road: A little more volatility than the market bargained for
Fundamentals remain strong, pre-election jitters continue to alarm traders.
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Work on Kurram Tangi Dam set to start in March
WAPDA seeks swift handover of land, effective security steps.
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Sent packing by the court: As PTA chairman departs, industry breathes easier
Awan’s dismissal taken as positive development by telecom sector stakeholders.
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Not a Crash!: Market undergoes long overdue correction
Analysts say panic fuels selling; bourse will recover on back of strong fundamentals.
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In business: Initial run of Byco’s new refinery
New refinery, which has a crude oil processing capacity of 120,000 barrels per day, will be the largest in the country
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DNA testing of Basmati rice for authenticity
Will organise training workshop to educate farmers.
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Agriculture: Speakers highlight role of remote sensing
Say technology breaks stagnation for betterment.
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PSO seeks 1.23m tons of oil products
Floats tender for largest spot requirement since last August.
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Sindh moves to stem increase in flour prices
Sets price at Rs33.5 per kg compared to market rate of Rs42.
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Technology to help cope with Faisalabad’s energy crisis
City to have novel building that is self-sufficient for its energy needs.
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Market watch: Political noise keeps activity muted
Benchmark KSE-100 index ends virtually flat.
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Raising finance: Tameer Microfinance taps capital market
Bank lists two TFCs each having size of Rs500m.
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SSGC insists on its right to charge for stolen gas
MD says increased supply to retail consumers has increased line-losses.
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Vying for more IMF support
Further lending from the IMF cannot be secured without accepting harsh fiscal management conditions.
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Barter arrangement: Pakistan plans wheat sale to pay for imports from Iran
Owes Tehran $63 million for electricity and iron ore supply.
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Aligning political and business interests
Policies, when in tandem, provide the trajectory of economic growth.
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Use of derivatives as hedging instruments in Islamic finance
Such contracts are permissible only for hedging purposes, not speculation.
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Revamp tax structure and undertake faster reforms
People must be open to stricter changes and reforms.

















































