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Iranian gas pipeline: Pakistan seeks financial adviser for project
Expressions of interest invited from national, foreign banks.
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Gold prices peak at Rs43,842 per 10 grams
Local gold market has been gaining momentum in catching up with international gold rates.
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ECC meeting: CNG price hike goes up for approval today
Petroleum ministry summary also seeks increase in gas prices for commercial and domestic users.
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Caught napping: Govt unprepared for IMF visit as fiscal data not ready
Dates for talks yet to be set with ministry busy in finalising budget deficit and tax collection figures.
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Urban development: Elahi lashes out at Sharif’s transport scheme
‘He has wasted the tax payers’ money with his Sasti Roti Scheme’.
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UK sees better economic outlook for Pakistan
British companies looking to expand projects.
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Chartered accountants: ACCA conference to be held in Sri Lanka
Conference to support ACCA’s learning providers discuss the challenges and opportunities.
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Initiatives planned to extend SMEs outreach
Smeda urged to focus on value addition, brand development.
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Pak-iran trade: Currency swap to address exporter woes
Unisame president hails currency swap move to help burgeon trade between Pakistan and Iran.
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Import: Govt to ban harmful toys
Exporting countries would now be required to provide documentation certifying the products are not harmful.
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Trade crucial for growth in Asia: ADB
Gap must close between surging economies and those mired in poverty.
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Market watch: Bourse falls amid dismal volumes
Benchmark KSE-100 index declines 28 points.
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Govt asked to facilitate textile industry
Garment makers demand release of duty drawback amount.
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State Life makes ‘bad investments’ of Rs300m
Management asked to submit complete report in a month.
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NA body recommends use of nuclear energy, coal
Consumption of gas for industrial purposes has disturbed balance between demand and supply.
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Long wait comes to an end: Current account, no more a deficit story
Data shows a surplus after seven years on the back of record exports and remittances.
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Powering up: ‘Thar coal will cover Pakistan’s energy crisis’
Pakistan requires annual loans of up to $1.2 billion from the US over next five years to build infrastructure Thar.
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The week in focus
In order to progress, Pakistan can take cue from powerful economies of China, South Korea, Malaysia and Brazil.
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The new BBM?: South Korean users welcome new trends
World’s most wired nation leads the way in mobile messaging services.
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Breaking the oligopoly: Ratings agencies under attack amid debt crisis
EU leaders accuse agencies of issuing self-fulfilling prophecies.
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Case study: Soaring food inflation: causes, consequences and remedies
Pakistan has high concentration of households around the poverty line.
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Myth buster: Debunking the clichés in economic policy making
No policy framework can succeed until it moves beyond populist economic thinking.
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Untended orders: Urea shortage could lead to missed targets
Kharif crops feel the impact as sowing gets delayed.
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Afghanistan-Pakistan Transit Trade: Business community still not convinced
The fear of smuggling continues to cast a shadow over any positive aspects of the deal.
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Saying one thing, meaning another
It’s not what you say, but what people hear.
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Industries receive audit notices
Board of Revenue to carry out inspection, businesses oppose.
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Bilateral ties: ‘Swiss support vital for Pakistan’
Efforts like exchange of trade delegations and single country exhibitions in Switzerland needed to strengthen ties.
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Inflation index: Sensitive Price Indicator increases 16%
In the past week, the average prices of seven items fell while those of 18 items rose and 28 items were unchanged.
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Human resource training agreement signed
Training will be provided in all sectors for benefit of business community.
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Brick kiln owners protest against sales tax
Brick kiln operators threaten to take strike nationwide from first Ramazan.
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Kunnar Pasakhi: OGDC cancels tender for gas exploration project
Company will develop the field using own resources, which will supply 100 mmcfd of gas.
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Mango exporters meet Japan quality standards
First shipment sent, exports on commercial basis to start next year.
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Dismal: Businessmen concerned over falling investment
Ongoing energy crisis and worst law and order situation are the main factors spoiling the investment scenario.
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Karachi violence: FPCCI calls for improved law and order
Nation should play its role in restoring business community's confidence for socio-economic development: FPCCI.
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Politicians urged to play role for peace
Businessmen say target killings in Karachi are putting a very negative impact on the economy.
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PEPCO asked to adhere to power outages schedule
Unscheduled loadshedding of up to 18 hours slowly pushing industries towards collapse.
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Revenue: Rs23b collected in 15 days
Complaints over refund cases of upto Rs6 billion asked to be evaluated and cleared.
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CNG stations: Ministry seeks inspection rights for Hydrocarbon Institute
Wants to break Ogra’s monopoly over grant of rights.
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Market watch: Stocks gain, led by fertiliser companies
Benchmark KSE-100 index firms 79.19 points.
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CNG price hike to generate Rs7.3b annually
Hike probably not enough to cover raise in wellhead prices.
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Large-scale manufacturing growth falls 2.3%
Drop in production of electronics, petroleum products and textile affects growth.
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Govt to impose petroleum levy on locally produced LPG
The $110-$120 per ton tax would help ensure level playing field.
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Chamalang project: Marri tribe blocks coal transportation
Blockade puts mining at one of the country’s largest sites in jeopardy.
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Sales Tax: Return filing date extended
Earlier, the taxpayers were required to file returns by July 15, but now the date will be extended by 7 to 10 days.
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Gold touches record Rs43,542 per 10 grams
Karachi, Hyderabad bullion markets closed following violence.
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Standstill: Industries come to a halt again
the 6 industrial zones operating in Karachi had a daily production volume of Rs20 billion, Rs. 3 billion goes to govt.
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Coordination: French Consul General visits Sanofi-aventis
Sanofi-aventis (Pakistan) produces more than 89 million packs of medicines annually.
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Forex reserves ease to $18.11 billion
Debt repayments bring down reserves from peak.
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WB delays tax reforms assessment visit
Mission to arrive on July 19 as it waits for IMF meeting.
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High Commissioner to UK pushes for trade
Entrepreneurs meet Pakistani govt officials at workshop.