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Faisalabad’s young industrialists invest in public schools
Several millionaires pool their resources to improve the quality of education.
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Market Watch: Stock market gains as activity picks up
KSE’s benchmark 100-share index rises 41 points.
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Election season: Outdoor advertisers protest illegal use of billboards
‘Political parties have not fulfilled promise to pay’.
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Liquor trade: Murree Brewery nervy about trade liberalisation
As govt considers exports of alcoholic beverages, local distillery demands protection.
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Pipeline construction: Regulator objects to Rs2.5b assistance to OMV
Ogra rules require raw gas supplier to bear pipeline cost and not consumers.
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Improving revenue collection: Pakistan, WB negotiating second reform programme
$300 million project loan being discussed despite severe problems in the preceding programme.
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Intellectual Property regulations in final stage: Chairman IPO Pakistan
A media campaign had been started against counterfeiting and piracy, creating awareness about IP rights violation.
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‘Govt delaying IP project to please US’
Project to reduce gas deficit by 30%: Pakistan Economy Watch.
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Tdap Chief: ‘Exports will cross $30 billion mark’
Trade pacts with India, Bangladesh, and Indonesia to help propel exports in the fiscal year.
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Circular debt: Payments to power producers delayed
Dues will be cleared soon that will boost supply by 3,500MW.
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Joint Action Committee: PIA officials refuse to provide services on leased aircraft
Officially PIA denies a deal for Airbus A320s but seeks permission from Civil Aviation Authority for certification.
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Fertiliser shortage: Saudi Arabia expected to provide $172m
Loans will be for urea import, development projects in Malakand, Waziristan.
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Market Watch: Stock market ends range-bound in dull session
Trade volumes once again decline to dismal level of 20 million shares.
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Risk aversion: Steel re-rolling mills find way to avoid losses
Import coal-gas plants from China to boost output that has dropped 60%.
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Bosnia offers help in energy, defence
Diplomat says bilateral trade can be boosted five-fold.
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Privatisation: Delegation leaves for Saudi Arabia
Five member delegation to visit National Power Construction Company to review for privatisation.
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Betterment: State Bank asks banks to improve services
State Bank's policies towards new bank branch licences has undergone major changes for better outreach.
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Railways invites private parties to hop on
Overnight business train and entire catering facility up for grabs.
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Foreign remittances: National Bank gearing up to play a bigger role
The bank has seen its foreign remittances rise phenomenally in past two years.
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Market Watch: Stock market wears a deserted look
Volumes drop to levels not seen in the past year.
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Indian tea import rises as Kenyan output drops
Strengthening dollar against rupee gives neighbour edge over rival.
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Auditor unravels Jamshoro Power Company’s losses
More than Rs300m losses suffered due to theft and embezzlement.
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PEPCO’s debt soars to Rs350b
Company officials see debt piling up that will increase power shortage.
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Cut your losses: Temasek may be selling off NIB Bank to Chinese bank
Industrial and Commercial Bank of China rumoured to acquire Pakistani lender.
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Currency swap agreements: Easing pressure on the rupee
However, renminbi revaluation could have adverse effects.
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Trade with India: Political, economic policy need to be on the same page
MFN status will help bring a paradigm shift in our diplomatic ties.
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Capital markets: Burj Capital thrives against the tide
The firm plans on becoming a full service emerging markets investment bank.
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The resurgence of Pakistan’s middle class: Moving up the social ladder
How an expanding, banking sector created a path to the middle class.
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From gold to dollar: How the modern financial system is undermining Pakistan
The US has the ability to not just tax its own citizens but also foreign countries.
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Retail expansion: World’s largest chain silent on entering Pakistani market
Experts say that global retailers would find the country far more welcoming than its larger neighbour.
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All halt: Railways cancels another 16 passenger trains
Fuel crisis spreads from Lahore to other divisions as well.
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Global Entrepreneurship Monitor: Pakistanis less enthusiastic about entrepreneurship
Country counted among factor-driven economies.
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Weekly review: Stock market makes modest recovery
President’s return along with proposed relaxation in Capital Gains Tax helps the index climb.
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Mid-term review: World Bank pledges $3.7b in new loans
Highlights risks to the country’s macroeconomic stability.
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Automobile industry: Govt opens doors for new entrants
Additional customs-duty collected shall not be charged on sub-components imported in any kit form by an assembler.
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MAL Pakistan to set up Rs300m lube oil plant
Company to bring technology, skill and expertise into the country.
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Government data consolidated under Pakistan Bureau of Statistics
Users Council created to ensure transparency of the numbers generated.
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Power supplier sets up 220KV grid station
ADB-funded project commenced in mid-2008.
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Kunnar-Pasakhi pipeline to be ready by month-end
Will supply 100 mmcfd to Sui Southern Gas Company.
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Development: Gomal Zam Dam to irrigate farmland, control floods
The dam would store 1.14 million acre feet (MAF) of water, irrigate 163,000 acres of land.
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Tax dodgers: Govt considering out-of-court settlements
Decision not yet finalised, SECP asked to step up CGT enforcement.
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Market Watch: Investors stay away on negative triggers in dull session
Trading value drops to five-month low of Rs1.1 billion.
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Unorthodox incubators: Ego invests in entrepreneurial employees
Clothing retailer provides guaranteed business and financing for employees who set up their own operations.
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Pakistan, China sign currency swap agreement
Move aimed at strengthening bilateral trade and investment.
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Flying away: Foreign investment falls 59% in five months
With investment decline, technology transfer also slows down.
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Economy is on the mend, president told
More tax revenue, jump in exports among signs of recovery.
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No more: Federal Bureau of Statistics dissolved
The bureau will now be headed by a chief statistician, with a 12-member governing body headed by Finance Minister.
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Forex reserves ease to $16.7b
Reserves dropped since reaching record high in July due to debt repayments.
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Not legal tender : Rs5 notes can be exchanged by Dec 2012
Banks have been asked to widely publicise deadline for exchange.
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24 Hours: CNG stations to remain shut
Gas supply will be stopped to CNG stations in Sindh and Hub for 24 hours from 9am on Friday to 9am on Saturday.