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For sale: Govt to let go of two state-owned companies
Cabinet panel decides to sell entire stake in National Power Construction Corporation, Heavy Electrical Complex.
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Analysis: Local investors confused and concerned
Investors in Pakistan are confused as to what will happen if local bourses see similar selling by foreigners
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Analysis: Fear of a second global recession hits KSE
Friday’s sell-off in stock markets is a stark reminder of global linkages that continue to bind.
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Peer pressure: Stock market nosedives amid global sell-off
KSE benchmark index falls 4%.
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Smart Card solution for transparent BISP funds transfer
Success of pilot project in four districts encouraged implementation of smart cards and ATM access across the country.
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Pakistan IT firm tops world ranking with BlackBerry game
Lahore-based Pepper.pk makes it to the number one spot with Ninja Fruit Bash.
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Railways gets bailout, but with strings attached
Of the Rs11 billion about Rs6 billion will be arranged as loans from commercial banks backed by a sovereign guarantee
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Chartered Accountants: Amendments to ordinance approved
Changes include empowering the council to make a final decision instead of referring matters to the high court
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All dividend warrants to be cross-checked: SECP
All listed companies to issue dividend warrants only in the name of the registered members crossed as “A/C payee only”
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Government delays monetisation plan
Provinces input is awaited, plan may come into force in Sept.
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WTO standards: Ministry official urges production reform
Technical standards are a matter of great significance: expert.
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SSGC recovers Rs1b from defaulters
Drive against default and gas theft will continue.
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Market watch: Bourse continues downward trend
KSE benchmark index falls 95 points.
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Banks achieve 97% of agri credit target
Loans worth Rs263b given to farmers in 2010-11.
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Forex reserves rise to record $18.31b
Loans, exports and remittances provided support.
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Why did State Bank cut interest rate?
Inflation may rise again in second half due to base effect.
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Gold and copper: Compromise in sight for Reko Diq mines
Chinese firm offers to build smelting and refining facility, leaving mining to Tethyan.
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Chinese firm to run 2,000 CNG buses in Sindh
Foton Motors to also provide 111 buses to Lahore Transport Company.
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New tax collection target to come in a fortnight
Estimates to be based on economic growth, inflation, audit and new taxpayers.
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Market watch: Bourse continues downward trend
KSE benchmark index falls 95 points.
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Pakistan forex reserves surge to record high
New record of $18.31 billion was due to a rise in remittances from overseas Pakistanis and a jump in exports: SBP
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SECP relaxes conditions for non-profit associations
Firms will be allowed to promote multiple objectives.
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FBR approaches law division to settle row
Banks resist tax officials’ attempts to obtain details of account holders.
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Corporate results: Engro Foods switches to profit
Profit of Rs216 million in the first half of 2011 against loss of Rs177 million in the same period last year.
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‘Transit trade accord not against country’s interest’
Agreement with Afghanistan does not cover ISAF goods.
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South Korea ready to invest in power sector
Diplomat identifies number of areas for mutual cooperation.
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Gold prices hit new peak
Prices per tola (11.7 grams) of the precious metal rose to Rs53,500 on Wednesday.
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Market watch: Bourse plummets 285 points to two-and-a-half-month low
KSE benchmark index falls below 12,000 points.
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Anti-corruption drive: FBR blocks payment of bogus refunds
Tax body rejects companies’ request to get accounts audited by external auditors.
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Former Steel Mills chairman bail plea rejected
The court heard arguments from both the prosecution and the defence before rejecting Moin Aftab's bail.
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Cotton trade: KCA concerned over alternative buyers
Association urges government to continue the existing free trade policy.
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Pakistan to introduce green channel for Chinese firms
Hurdles in implementation of energy projects will be removed: Qamar.
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Oil and gas installations: Explosives dept to deal with safety issues
Cabinet Division sidelines Oil and Gas Regulatory Authority.
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FBR starts year with tax shortfall of Rs26b
Net collection stands at Rs84b against target of Rs110b.
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Trade: India biggest buyer of Pakistani dates
Imported almost 85% of the country’s total earnings from date exports.
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Market watch: Trade volume hits 13-month low
Karachi Stock Exchange’s benchmark 100-share index declined 27.06 points or 0.22% to end at 12,226.33 points.
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Credential inflation: The decreasing worth of a bachelors degree
Companies get a masters degree holder for the price of an undergraduate.
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Yamaha to set up $150m manufacturing plant
Japanese company acquires 50 acres at Bin Qasim, Karachi.
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Agitation: Brick kilns shut down across country against GST imposition
Labourers caught between a rock and a hard place.
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Eroding buying power: Inflation spikes to 13.8% on high food prices
Major reason behind the increasing prices was supply hiccups and widening gap between demand and supply of food items.
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Labour Force Survey 2011: Official unemployment rate at 6%
Opportunities for women, rural areas rising; minister doubts the figures.
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Reshuffle: Mirza takes charge as acting OGDC MD
Employees asked to complete major development projects.
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Rs15b recovered from govt departments
Public Accounts Committee informed about outstanding dues.
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Insurance company IPO up for grabs
‘Rs10 offer is higher than December 2010 book value’.
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Market watch: Central bank’s surprise move lifts stock market
Discount rate cut to 13.5% against market expectations.
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Rupee touches new record low
Policy rate cut likely to accelerate currency’s slide.
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India to relax clearance condition for cross-border investment
Investors of both countries interested.
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Pakistan encouraging Chinese investment
Mechanism to be devised for implementing joint energy projects.
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Corporate results: Lucky Cement profits up 27%
Lucky announced plans to set up a one-million-ton manufacturing plant in Congo under a joint venture project.
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Chain reaction: KIBOR drops to six-month low
Lowered interest rates to increase corporate profits: report.