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Market Watch: Bourse gains amid healthy session
KSE’s benchmark 100-share index rises 56 points.
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Challenged In Court: ‘Petroleum minister’s statement benefitted hoarders’
Petitioner contends that as a result of this early statement hoarders made additional income of Rs2.64 billion.
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Fiscal discipline requires ‘serious corrective measures’
Debt Office suggests withdrawing power subsidies, reforming state enterprises.
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Recruitment: 14 candidates shortlisted for OGDC top slot
Acting MD Basharat Mirza appears to be the frontrunner.
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BlackBerry opens doors to much-awaited app store
Experts call move an effort to maintain its market share.
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Rebound: Inflation slips into double digits again
CPI stands at 10.1% as prices of almost all commodities rise.
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Future of Pak-US bilateral relations lies in commerce, trade: Brian McCleary
Pakistan has developed viable commercial centres, says US Embassy Commercial Counsellor.
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Pakistan allowed tariff-free export of 75 products to EU markets
The Pakistan-specific trade package will enter into force after its formal approval by the WTO General Council.
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Cotton prices: ECC refuses to intervene in free market mechanism
APTMA appreciates ECC decision of letting market forces define cotton prices.
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Lahore businessmen demand withdrawal of petroleum price hike
LCCI head says industry already under duress due to the acute energy crisis.
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Crop production lowest in the region
Agriculturalist blames lack of research and government support.
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Pak-China ties: Islamabad gets a slight upper hand in trade
Medical and chemical products among the highest gainers.
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EU market access to make headway soon
With objections declining, bloc likely to open doors for two years
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LPG prices likely to rise Rs15 per kg
Saudi contract price jumps to record high at $1,028 per ton.
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Market watch: Index wanders around the neutral line
KSE’s benchmark 100-share index crawled down eight points.
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Economy to take off in a couple of years
US diplomat says misconceptions about Pakistan fading away.
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National Power Construction Company: Privatisation Commission shortlists bidders
Govt also finalising secondary public offering of Pakistan Petroleum.
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Tax collection falls short of target
FBR expects to receive Rs130b against target of Rs140b.
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Permission granted : ECC allows export of 100,000 tons of sugar
Decision comes in face of price drop in local market, expected bumper sugarcane crop.
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Gas crisis: Govt plans to expand supply, constrain demand growth
Possible CNG ban for private cars, industry to get gas on ‘as available’ basis.
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Costs a ton: Diesel shatters Rs100 barrier
Fuel prices rise by up to 6%.
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LCCI stresses on more Pak-US economic cooperation
US embassy making efforts to highlight Pakistan’s economic potential, commercial counsellor.
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10% surcharge to be imposed on CNG: Petroleum secretary
Possibility of incharge front margin on petrol to be increased from Rs2.57 to Rs2.80 per litre.
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Bottlenecks: Descon hopes to overcome challenges
The company manufactures and markets hydrogen peroxide to cater to demand in local and international markets.
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Loan: ZTBL to increase interest rate
Low mark up rate of 8%, was a reason why no one invests in ZTBL.
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Govt urged to switch from thermal to hydropower
Power companies oppose fresh hiring at heavy salaries.
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IDB arm to provide insurance cover to banks
SBP, Islamic Corporation sign MoU to promote trade
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UNIDO may set up modernising centre
Centre will help Pakistani industry adopt global standards.
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Corporate results: Lucky Cement profits double to Rs3b
2% is the meagre growth in volumetric cement sales during July to December
2011. -
Corporate results: Fauji Fertilizer profit up two-fold
The company’s urea sales fell 3% to 2.4 million tons, however, 54% surge in urea prices did the trick.
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Market Watch: Stellar earnings fail to excite investors
KSE’s benchmark 100-share index drops 77 points.
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Game changer: After absorbing levy, LPG producers may face Rs192m loss
State-owned companies cut prices by Rs10,000 per ton before imposing petroleum levy.
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‘High profits encourage textile industry to shift to Bangladesh’
‘EU and other major markets give preferential treatment to Dhaka industry’.
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Increase of 3 to 6 per cent expected in oil prices
OGRA, however, has recommended no change in prices for February.
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Neelum-Jhelum project: Pakistan negotiating $448m loan with China
The loan would cover the rising costs of the hydroelectric power plant.
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Stand up for your country!
Few would know that Karachi is the ‘Philanthropic Capital of the World’.
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Inflation and erosion of quality in Pakistan
Price elastic demand has resulted in lower standards of production.
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Thar Coal – Energy security for Pakistan
Estimated reserves can fuel the country’s power needs for centuries, says the government.
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MFN and beyond: Wisdom of neighbourly foreign policy
Close pacts with regional countries hold key to economic dominance.
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Nandipur power plant: Country’s cheapest power plant suffers another setback
Chinese firm asks for increased payments to resume construction process.
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Health Issues: Central drug regulating body suggested
The country lacks a central drug regulatory authority since devolution of the Ministry of Health to provinces.
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Applications: Indonesian visa needs Justice Ministry’s approval
Indonesia asked to adopt Turkey model where having a past US or UK visa automatically qualifies for visa on arrival.
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UK diploma, steady income and a laptop, all for Hunar Foundation graduate
Hafeez is among graduates for whom jobs are being searched in Middle East.
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FBR faces uphill task of collecting Rs54b in five days
Receives Rs86.5b in taxes by Jan 26 against target of Rs140b.
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Apple store: Local firm’s facebook app makes $90,000 in a week
Friends Planet tops best charts list of iPhone apps in social networking category.
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Weekly review: Bourse shows glimpses of glory days
Finance minister’s visit to the bourse pushes index up 1.6%, volumes to triple figures.
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Fertiliser sales decline 3% in 2011
Engro increases market share with help of new plant.
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Italy, Spain interested in Pakistani meat products
Pakistan will purchase seedless citrus nurseries.
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Pakistan proposes export facilitating body
It will help export fruits and vegetables to Sri Lanka.
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Market watch: Stock rises as investors build position
KSE’s benchmark 100-share index gains 76 points.