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Tussle ends: Work resumes on politically backed schemes
OGRA approves tariff increase to finance schemes.
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Inexplicable drop: As rupee dives, finance ministry asks SBP what’s up
Govt suspects malfeasance in the sharp decline of the currency against the dollar.
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Rupee touches record low, closes at 89.80 against US dollar
Previous record low had been just last week when unit had touched 89.72 in the open market.
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Global food security at risk: Thai rice subsidy could cause price turbulence
Move could have adverse impact on food-deficit and importer nations.
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Good intentions: Internet - a paradise for Intellectual property thieves
With the lapse of the cyber crimes ordinance there is no way to deal with this problem in Pakistan.
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Water scarcity: Hyderabad faces water, power crises
Citizens of Hyderabad faced acute water scarcity which continued for between 12 and 36 hours in different areas.
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The rise of advertising: Admen create brands for Faisalabad’s middle class
Textile exporters begin investing in building brand names for their local products.
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Honda turns its eyes on Asia
Bike sales are dropping in Europe and the US.
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Tapping into growing global demand: Govt to establish 200-acre halal industrial park
One window operation to be provided to investors to boost halal products trade.
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Agreement: PTCL to provide service to Punjab boards
PTCL will provide hosting services for customised application software of the boards, country-wide access to students.
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Sale of vehicles: Car manufacturers demand transfer tax
Indus Motors plans to phase out local production of Cuore by June 2012.
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After successive floods, govt exploring crop insurance options
Climate change makes extreme weather patterns far more likely.
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Large-scale manufacturing: Weak auto, petroleum sectors keep growth low
Production of 100 industries grew average 0.68% in July.
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TAPI gas pipeline: Turkmenistan says no to a raw deal
Ashgabat wants the same pricing formula that Iran gets for its gas exports.
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Pakistan to import 1.2m tons of urea
Gas supply to domestic fertiliser makers will be cut off for two months.
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Weekly review: Stock market defies global trend
KSE’s benchmark index gains 2.2% while Dow Jones suffers worst week since 2008 financial crisis.
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Business community: FPCCI urges unity among traders
FPCCI President Senator Haji Ghulam Ali says entire business community fully supported the armed forces.
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Result review: Consumer goods companies’ profits surge 44%
Sales rose by 28% to Rs69.7 billion in the first six months of 2011 that trickled down and kept profits strong.
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10% water shortage likely in upcoming sowing season
Rain and flood water being released into sea as country lacks storage.
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Market watch: Bourse falls as investors offload stocks
KSE’s benchmark 100-share index drops 83 points.
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Steps to bolster investor confidence discussed
SECP takes feedback from capital market stakeholders.
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Transit trade treaty: Afghanistan demands changes to notification
Sub-group to meet on Monday to address Afghan reservations.
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All will have access to banking services: SBP
Measures being taken to help underserved sectors of economy.
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Employment opportunities: Political instability and corruption biggest obstacles
World Bank report criticises Pakistan for abandoning reforms.
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Afghanistan to revive ancient Silk Road through Central Asia
Foreign minister assures Pakistan’s full support in the endeavour.
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Facebook lets users tell life stories
The significant overhaul to Facebook profile pages promised to transform them into interactive digital scrapbooks.
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Local tea second best in the world taste-wise
Lack of investment increasing import bill for tea.
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Polls: LCCI elects new office-bearers
The formal announcement of poll results is expected at LCCI’s annual general meeting on September 30.
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Power equipment makers: CCP issues show cause notices for collusive bidding
Manufacturers win contracts worth Rs100b from power companies.
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‘Political will must for economic integration’
SAARC business conclave discusses regional economic cooperation.
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Punjab to spend Rs37b on irrigation system
Modern technology to be introduced to improve water supply to crops.
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‘Water wasted due to lack of reservoirs’
Quantity of water many times more than Tarbela’s capacity went into sea.
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Off the hook: Cement prices rising without any check
Government inaction, lengthy judicial process blamed for rate hike.
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Market watch: Bourse follows global market trend
KSE’s benchmark 100-share index drops 162 points.
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Livestock export: Leather industry, meat sellers demand ban
Say government’s reluctance is hurting consumers as well.
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Currency review: Not a nice year for rupee so far
Currency falls to new low more than 10 times in two months.
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Pakistan steel: Two ships carrying raw material to arrive this month
The ships are bringing 55,000 tons of Iranian fine iron ore and 55,000 tons of coal
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60-day deadline: Qamar asks power companies to recover dues
Directs field staff to adopt friendly attitude towards consumers.
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Ogra increases gas tariff by up to Rs12.6 per unit
The fresh hike will take effect from January next year.
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Extortion: KCCI president urges traders to stay united
Says vested interests trying to divide business community along ethnic lines.
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Cement sales rise 7% on higher local demand
Manufacturers shifted focus to domestic market due to better prices.
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LPG producers reduce prices despite levy
OGRA fixes maximum consumer price at Rs115 per kg.
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Workshop: ‘Digital advertising improves brand image’
Consumers are accepting social media as a platform for marketing.
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World Islamic Finance Summit: ‘Islamic banking gaining credence after recession’
Expert says short sale is tantamount to gambling, as both are driven by speculation.
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Default looming: PSO to pay Rs15b to oil suppliers by Sept 23
PEPCO says it makes payments from what it receives from consumers.
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Market watch: Massive buying takes bourse to six-week high
KSE’s benchmark 100-share index surges 329 points.
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Deceptive marketing: CCP issues show-cause notice to juice company
Firm accused of misleading consumers.
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Business conclave: Delegation leaves for Nepal
Saarc CCI is organising the meeting in collaboration with FNCCI, in partnership with Friedrich Naumann Stiftung.
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Lahore chamber: PIAF sweeps polls for corporate class
The alliance got 440 panel votes from total of 638 while the independent candidate secured only six panel votes.
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Cornerstone: Science and technology policy approved
Policy proposes allocation of 2% of GDP by 2020 to focus on sciences as critical areas demanding economic development.