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Weekly review: Foreign buying pushes KSE-100 up by 4%
Net foreign inflows stood at $33 million, up 159% from previous week.
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Extending incentives: FBR seeks to waive penalties on illegal tax refund
Move will enable tax body to recover principal, boost revenues.
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ACCA advocates 5% cut in corporate tax
Accounting body favours immunity from disclosing source of capital investment.
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SPI: Inflation down 0.14% during week
SPI for the week under review was recorded at 174.17 points against 174.41 points registered in the previous week
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Textile association rejects fuel surcharge
Claim new tariff will result in massive closures, unemployment.
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US to help develop agricultural sector
USAID setting up three centres for advanced studies in Pakistan.
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Market watch: Bulls pull index to four-year high
Benchmark KSE-100 index gains 192 points.
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Passco to finalise arrangements for wheat export to Iran
Out of 1m tons, first shipment may be made this month.
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US agency proposes long-term LNG import deal
OPIC wants Pakistan to go for 15-year agreement rather than for 10 years.
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ECC gives go-ahead to signing of gas supply deal
ISGS authorised to sign agreement with Turkmenistan.
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Lawn: the new money-maker for the textile industry
Demand for the fabric has given boost to garment manufacturers.
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SNGPL’s petition: OGRA questions increase in revenue requirement
Opposes free gas supply to company employees, network expansion.
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‘Unauthorised’ rebasing of economy: Statistics secretary ready to face consequences
Change in methodology cut the size of economy by Rs2.5 trillion.
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Spendthrift ways: Govt consumes 91% of budget in nine months
Budget deficit of Rs1.4 trillion is 6.6 per cent of the total size of the economy.
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Etihad Airways strikes deal with Avari hotels
International chain guests get chance to earn Etihad miles.
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Proposal to raise power tariff hits snags
Law ministry wants to know status of court cases against tariff hikes.
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Petroleum ministry fails to remove official
Islamabad High Court declared reappointment illegal a week earlier
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Market watch: Charging bulls thrust aside political, economic concerns
Benchmark KSE-100 index surges 277 points.
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CNG association threatens to shut down stations in Punjab
Body wants increase in gas supply in line with industrial sector.
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Experts call for creating investment opportunities
Power shortages and inflation described as key challenges.
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Avari Group set for local expansion
Plans to set up three- and four-star boutique hotels.
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NEPRA raises power tariff
KESC’s tariff cut; all others to pay higher bills.
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Men’s apparel: In demand - sharp shirts for high-rolling suits
Besides exports, sales of Cotton and Cotton rise phenomenally in domestic market.
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Clearing the surplus: Millers to export 200,000 tons of sugar
Govt gives the go-ahead, to also buy same quantity for buffer stock.
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IP gas pipeline not on back burner: Dr Asim
Government committed to timely completion of the pipeline project to meet its energy requirements, the minister said.
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S Korea plans to set up 300MW solar projects
Proposes to run Prime Minister’s House on solar power.
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‘Tax lawyers can facilitate govt revenue collection’
LTBA president bemoans govt neglect, calls for greater involvement.
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Ministerial delegation attends AIM Dubai
Foreign investors apprised of opportunities in Sindh.
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Market watch: Stocks open May on positive note
Benchmark KSE-100 index gains 152 points.
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LPG prices drop once again
Retail price drop to Rs100 per kg in Sindh.
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Phasing out presumptive taxes: Tax rates may jump by 20% to 100%
It will discourage businessmen, who may opt for the normal tax regime.
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OGRA proposes lower gas theft and leakage ceiling
Gas utilities will struggle to bring down UFG level to 5.5% from 9-12%
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Peacekeeping campaign: India, Pakistan hope to achieve peace through trade diplomacy
Improved relations stem from MFN status given to India.
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Turning up the heat: Inflation soars to eight month high
Massive increase in fuel prices acts as a catalyst in April.
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Catching dust: Fate of UAE-gifted power plant still unclear
First shipment arrived in September 2010 but work has not started due to petroleum ministry’s refusal to allocate gas.
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Progress card: Punjab’s economy not looking so bright
Report reveals that lack of water for agriculture and absence of energy has hit province hard.
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On hold: Families of missing persons take hiatus from protest
The reaction has helped release 370 people so far: human rights activist.
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Ministry delays action against defaulting oil, gas explorers
Companies failed to meet minimum work commitment.
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BlackBerry launches App World in Pakistan
Rising popularity of rival smartphones may have forced the move: analyst.
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‘India willing to invest at least $20b in Pakistan’
Pak-India Business Council chairman returns from two-week trip.
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‘CGT ordinance not an amnesty scheme,’ say tax experts
Claim ordinance has clauses to counter possible exploitation.
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Pakistan, Sri Lanka chambers to promote trade
Rawalpindi and Ceylon Chambers sign MoU to step up cooperation.
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LNG import plan in jeopardy as companies miss deadline
All three importers fail to provide documents within stipulated time.
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Capital markets: Do international investors want Pakistan ETFs?
Asset managers that offer exposure to Pakistani equities are seeing many clients stick to the sidelines.
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Federal treasury: State Bank’s ‘hidden liabilities’ swell to $2.1b
These forward contracts, covered by letters of credit, will mature in a year.
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Strategic retreat: Tax collection target revised downwards
Government finally accepts that original target is unachievable, but insists it has not ‘failed’.
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BlackBerry App World officially launched in Pakistan
The app store had gone down abruptly within a day after being accessible in Pakistan in February.
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Parco: LPG price cut by Rs5,000 per ton
After the reduction, the retail price of LPG will come down by at least Rs5 per kilogramme.
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Controversial GDP number to undergo scrutiny
Pakistan Bureau of Statistics’ move to shift base year sparks debate.
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Market watch: Stocks lower as political, economic tensions prevail
Benchmark KSE-100 index loses 52 points.