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Faisalabad Chamber: Tussle between rival groups continues
Founder Group boycotts elections alleging registration of bogus members.
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Utility Stores Corporation to open 2,000 stores
New outlets to create job opportunities.
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Jhang district: Wheat to be cultivated over 650,000 acres
Jhang DO said the agriculture department had formed a strategy to provide guidance and information for the growers.
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KP, FATA: $6m grant approved for capacity building
Project aimed at improving services in K-P, FATA and Balochistan.
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Oil and gas: SSGC utilises all resources to explore reserves
Deputy MD SSGC said that apart from natural gas, work was in progress on the use of LPG, CNG and other gases.
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Coal project: Canadian firm commences work
Commenced on its coal project in Pakistan where Cooper holds a 60% interest in AJK Coal Mining Co. (Private) Ltd.
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Tax revenue: First quarter collection stands at Rs352b
Target likely to be met when final figures come in.
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Discouraging investment: Profit rates on savings schemes reduced
Returns come down following drop in bond yields and slowdown in inflation.
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Tourism industry: ‘Non-professional government attitude caused decline’
Corruption, not terrorism, root cause of dismal tourism in Pakistan.
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Market watch: Climb continues for fifth straight day
KSE’s benchmark 100-share index gains 120 points.
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Gas supply: SSGC, OGRA put on notice by court
Respondents were put on notice for October 5 in a miscellaneous application filed by KESC on Friday.
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Bump it up: Petrol price increased by Rs4 per litre
Petroleum levy on CNG delayed as ECC approval awaited.
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5.6% price increase in 30 commodities
FAFEN monitors collected prices of 52 commodities in 81 districts.
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Forex: Reserves fall to $17.38b
Reserves held by the SBP declined to $13.74 billion from $14.12 billion.
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Market watch: Stock market gains in volatile session
KSE’s benchmark 100-share index rises 17 points.
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Bumper kinnow crop expected in 2011-12
Modern farming techniques and heavy monsoon boosted yield.
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Court suspends LPG policy implementation
OGRA barred from increasing prices to match international rates.
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Fallout from bailout: No more budgetary support loans until IMF approval, says ADB
Country head asks Pakistan to adopt a broader outlook for economic growth.
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Currency depreciation: SBP ready for ‘calibrated interventions’ to halt rupee decline
Experts rule out manipulation; blame oil payments, IMF programme halt.
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Inflationary pressure: Petrol, CNG prices likely to rise by Rs4
Price of diesel, the most-used fuel, to fall by Rs0.62 in October.
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Comment: Cellular companies and constant SMS spamming
Sam messages have become a major revenue generating source for cellular companies.
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Fertiliser sales manage 3% growth
Engro’s new plant posts highest ever monthly production.
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Going down: LPG prices decline by Rs4,500 per ton
Haider expressed dissatisfaction over this decline, said this price was still out of the reach of a general consumer.
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Monetary pressures: Rupee recovers 100 paisa in a single day
‘The gap between interbank and open market rates has now decreased’.
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Infrastructure development: ADB keen to enhance project funding to $1b per year
Focus to be on task assistance and construction industry.
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CNIC condition: Govt considering withdrawing exemption for sugar mills
Pressure from other lobbies seeking similar concession prompted the move.
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FBR reduces tax collection target for first quarter
The move is apparently aimed at showing FBR in positive light.
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Market watch: Stock market continues bull-run
KSE’s benchmark 100-share index surges 94 points.
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5 out of 6 people say they are worse off now than in 2009
People in Punjab most upset with their lives.
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IMF programme: Why should we take further loans, asks Sheikh
Finance minister says Pakistan has shown ‘good economic performance’.
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SECP, modarabas discuss Shariah compliance
To introduce system to maintain confidence in Islamic financial system .
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Enforcement of Cotton Control Act urged
Growers do not follow healthy practices.
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Changing leadership: Chiefs of four public sector oil and gas firms appointed
Post for OGDC’s MD to be re-advertised to find a suitable candidate.
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OGRA chairman’s appointment: SC seeks record of CNG licences issued
Petition claims Sadiq’s degree is not recognised locally.
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Market watch: Bourse follows global peers again
Easing in Pak-US tensions also helped the market to gain 266 points.
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Power sector, commodity financing: Govt to convert Rs380b loans into sovereign debt
Decision will push budget deficit to 5.8%, but will break debt cycle.
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Real estate: US firm to invest $20m in office building
28-storey Centrepoint to provide top quality workspace for multinationals.
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Oil and gas theft: Bill proposing strict punishment to be tabled
Petroleum ministry recommends up to 14-year prison term and Rs10m fine.
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Central bank to the rescue: Panic buying ends, rupee recovers 90 paisa
SBP spokesman denies any intervention to resuscitate local currency.
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India and Pakistan push fragile ties with trade diplomacy
The trade ministers of India and Pakistan meet in New Delhi to discuss measures to overhaul ragged commercial ties.
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Shaikh talks taxes, reforms and trade in DC
Hafeez says Pakistan can and will pay $1.2 billion in annual dues to the IMF.
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Power loom owners protest against outages
Fesco says fuel adjustment charges not Faisalabad-specific.
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Economic ties: ‘Indian industrialists not keen to invest in Pakistan’
Indian group recommends focus on healthcare, IT and entertainment.
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Visit to India will boost bilateral trade: Fahim
Minister arrives in Mumbai on a five-day visit.
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Circular debt of Rs280b to get a face change
Debt to be settled by issuing Pakistan Investment Bonds of the same amount.
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Kishanganga Dam: Court of Arbitration ruling favours Pakistan, says minister
Naveed Qamar says the Indian media is downplaying the significance of the interim order.
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Destitute energy chain: PSO pleads for help again, Rs50 billion this time
For the umpteenth time, the country’s largest oil supplier asks the government to arrange for money to pay its bills.
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Thar coal project to be operational in late 2013
$115b is required to materialise the project.
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‘Pak-US ties to continue despite present tensions’
Multilateral conference scheduled to be held in October.
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Market Watch: Stock market nosedives on panic selling
KSE’s benchmark 100-share index plummets 341 points.