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Pak-Business Express: Economy, budget class save the day
The introduction of different classes boosts occupancy to 70%.
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Market Watch: Bourse rises as investors accumulate stocks
KSE’s benchmark 100-share index gains 49 points.
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Oxfam drive: ‘Dharti’ campaign launched to protect small farmers
Corporate farming acceptable only when it does not harm small growers.
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Lucrative deal: Iraq offers long term deferred oil payment facility
PPL to launch exploratory venture in Iraq; government works on new refinery policy.
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Steel production: Turkish assessment mission to visit Pakistan in March
The team will gather knowledge on opportunities available for investment, joint ventures.
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Opportunity: Former envoy terms EU waiver a diplomatic coup
Ex-envoy says responsibility now lay with manufacturing sector and that the EU and WTO’s gesture must be reciprocated.
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CCP raids banks’ association office, impounds evidence
Banks allegedly colluded to charge customers uniform ATM charges.
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Trade deficit increases to $13.2b in seven months
Exports remain flat while imports rise in double digits in July-January.
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Govt increases taxes on air travel
Increase from Rs60 to Rs100 for domestic, international passengers.
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LPG sales for February fall by 30%
Dealers demand removal of Petroleum Development Levy.
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Corporate results: Allied Bank profits grow 24% in 2011
On a quarterly basis, Allied Bank profits dropped 9% to Rs2.46 billion during Oct to December 2011.
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Market Watch: Bourse crawls up amid healthy volumes
Index gains 12 points despite being up 100 points in early trade
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Thai agri-business giant to set up halal meat farms
Company seeks cooperation in research and manpower.
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Indo-Pak relations: Economic engagement the only way forward
Both sides close to pacts on easier bank opening and visa policies.
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Overcoming $600m deficit : US asks Pakistan to privatise power companies
USAID working on a plan to add 1,000MW to the system, supports subsidy for lifeline consumers only.
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Trade ties: Visiting Indian delegates meet Khosa
Indian Commerce Minister Anand Sharma says strong trade relations will improve diplomatic ties as well.
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Traders for declaring Kashmir a free trade zone
Joint chamber chief suggests transit trade through the state.
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Sports goods: Around 85 exhibitors take part in Munich fair
This year, 2,344 exhibitors from 51 countries displayed their products from January 29 to February 1 at the ISPO show.
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UK firm to invest $610m in Thar coal
Oracle Coalfields reveals plans for open pit coal mining.
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64 years on: Pakistan, India traders fail to exploit potential
Bombay Chamber chief calls for unrestricted phone services .
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Making room: ‘No objection on import of CKDs from India’
Domestic automakers confident about taking on Indian competition.
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Member Customs takes additional charge of FBR chairman
Govt appoints second chairman on a temporary basis in less than a month.
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Market Watch: Stock market recovers early losses
After shedding 75 points, KSE’s 100-share index closes up 18 points.
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Oil and gas companies: Govt to reconstitute board of directors
Pakistan Mineral Development Corporation first on the list.
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Controversial promotions at PSO; blue-eyed officials get the nod
Officials promoted on three-month probation: MD.
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Beyond MFN: Indian exporters target oil products and tea markets
Exhibitors offer fuel compliant with EU low-emission standards.
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White House unveils budget with trimmed Pakistan aid
The budget is subject to Congress' approval with $800 million PCCF, and $2.4 bn for State Department...
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We pay for their indifference
SBP has transformed into a different entity, more independent in spirit, unlikely to be cowed — at least in analysis.
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Thawing ties: Indian commerce minister due today
Sharma will be leaving for Lahore to hold trade talks with his Pakistani counterpart, Makhdoom Amin Fahim.
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The power of perpetual optimism
Tough times never last, but tough people do: Robert Schuller.
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With huge resources, Pakistan can overcome power crisis
India and Bangladesh are also facing acute electricity shortfall.
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As margins drop at home, ‘desi’ restaurant expands overseas
Lal Qila plans to establish franchises all over the world.
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Kosher finance: Effective governance needed to grow Islamic banking
An Islamic banking ordinance must be promulgated if this sector is to thrive.
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Misrepresented: Pakistan needs an image makeover
It is not all doom and gloom, if we know where to look.
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Pakistan textiles lifted by WTO trade waiver
hopes high for a major improvement in garment sales after World Trade Organization approved unprecedented waivers.
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Economic woes: Finance secretary changed in wake of IMF report
Report states budget deficit was understated by Rs532 billion.
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Pakistan gets better at obtaining foreign loans
Authorities receive $1.2b in six months, 67% higher than previous year.
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A Friend In Need: Munter pledges US support for Pakistani produce
Munter says US government is assisting Pakistan achieve internationally required standards in fruits, agriculture.
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Exhibition starts: Pakistan, India discuss multiple visa
‘Made in Pakistan Show’ to be organised in India soon.
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Karachi Literature Festival 2012: A bit of forced optimism on Pakistan’s political economy
Economists seemed somewhat cheerier than journalists, but it was largely depressing all around.
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Caught unawares: Competition Commission website ‘hacked’
The site was restored late on Saturday night.
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Weekly review: Market continues upward march despite negativity
Volumes shoot up by 85% as KSE-100 climbs 2.1%.
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Committee: Farmers propose price-setting commission
Currently, Sindh Agriculture Department fixes support prices, but farmers complain they rarely get that price.
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New president of AJK joint chamber elected
Committee to be formed that will draft constitution for the body.
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Kunnar Pasaki: OGDC commences production from field
Rising local output may deflate LPG prices further.
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TAPI gas pipeline: Pakistan, Turkmenistan yet to sort out pricing review
Islamabad wants the option of a review after three years, instead of ten.
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Remittances soar 21% in seven months
Overseas Pakistanis sent home $7.4b from July to January.
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Bilateral trade: Most favoured, but not yet best friends
Pakistani officials say India dragging its feet over NTBs.
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Automobile industry: Sales grow 17% with Suzuki in the front seat
Honda production at a standstill for second straight month.
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Upstream oil and gas industry: Deadlock on royalty issue comes to an end
Provinces agree to federal government collecting royalty.