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Spanner in the works: Greek debt crisis delays issue of $500m OGDC bonds
Road shows limited to state of Pakistan’s economy, did not offer the bonds.
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Special zones to offer 10-year tax holiday
Law for establishing economic zones to be approved soon.
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Sales Tax Imposition: Kiln owners threaten indefinite strike
APBOA representative says it is impossible for business to function with sales tax and high production costs.
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Transformers, feeders fail due to overload
PEPCO trying to upgrade transformers to ensure relief to consumers.
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Better days to come: Hum Network stock drops 20% in June
Advertising revenues expected to head north in fourth quarter.
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ADB targets solar power projects in Pakistan
Bank to launch $2.25b energy development fund for Asia.
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Viral messaging: ‘Text messages facilitate productive relationships’
Authors of report say that though literacy rates in Pakistan are a barrier, illiterate phone users are also SMS savvy.
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Social media: Application shows aftermath of floods
Generated 90,000 downloads since its launch.
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Market watch: Bourse gains led by oil and fertiliser sector
Benchmark KSE-100 share index rises 43 points.
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Govt collects Rs16b in sales tax on services
Targets to collect more than Rs17b next year.
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MSCI Annual Review 2011: Pakistan’s index going nowhere
MSCI terms capital market ‘similar to last year’.
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Fiscal arm-twisting: Government backs down after ADB threat
Lender says it will stop loan if govt transfers SECP’s surplus income to federal fund.
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Price hike: Fertiliser prices skyrocket
Almost all types of fertilisers are being sold at exorbitant prices.
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Sovereign guarantees: Power producers withdraw notices
Govt assures release of Rs8 billion before end of June.
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Regular fines Treet official for insider trading
Accused buys shares of company before a corporate announcement.
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Payout: PPL declares early dividend
Dividend issued to support govt’s fiscal needs: analysts.
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Market watch: Bourse recovers from preceding day’s slump
Benchmark KSE-100 share index jumps 160 points.
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Ministry suggests water treaty with Kabul to avoid dispute
Water sharing modelled on Indus Waters Treaty advocated.
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Gas leakage ceiling: Gas distribution firms take OGRA to court
Govt may not be able to increase tariffs from July.
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Major concession : Excise duty abolished, sales tax reduced for importers
Step aimed at encouraging importers to get cargo cleared before June-end, consumers get short end of the stick.
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Internet body throws open domain names; .anything
$185,000 to apply, individuals or organisations will have to show a legitimate claim to the names they are buying.
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CIO Pakistan: The Medium of Games
Software is supposedly our future, but how good are we at mastering the software side of the Industry?
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Water availability has dropped 500% since 1947
Construct new reservoirs and conserve water, says IRSA chief.
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Fertiliser: Country to import further 50,000 tons
Tender for import issued to ensure fertiliser supply for Kharif season.
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Italian company: ENI to construct 400MW power plant
ENI suggests working in new gas fields for power generation on build, operate and transfer (BOT) basis.
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Teams leave to sell OGDC assets amid opposition
Parliamentary panel, economists oppose selling govt assets for budget financing.
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Gas shortage: Crisis not to end anytime soon, says Engro
World’s largest ammonia-urea manufacturing plant fails to operate at optimum level.
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Appeals against tax rulings delay justice, says ombudsman
FTO seeks curbs on FBR’s right to appeal to the president.
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Market watch: Bourse nosedives on across-the-board selling
Benchmark share index sinks 195 points with Engro leading the way.
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BP Pakistan sale: Ministry wants money to pass through Pakistan
Ministry acknowledges no legal obligation but has sought advice on how to structure transaction.
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Talking business
First thing you need to know is this: you can’t do this alone! You need allies, real allies with real weight on them.
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Clinic tries to wean addicts off Internet fix
Min loses all track of time when he sits down to play computer games - sessions usually last at least 10 hours.
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The week in focus
There is a need to cultivate necessary crops on a large scale in order to ward off costly imports and inflation.
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The career ladder: Show me the money
Are you making enough money? Are you in the highest-paid industry? Do you think you are keeping pace with your peers?
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Comment: The case for a strong corporate debt market
Corporate debt markets are vital to the robustness of the financial system.
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Exports likely to hit $25b
Trade body says exports have risen both in value and volume.
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Govt seeks lead managers for $70m PPL share offer
Invites interest from banks to float 2.5% shares of Pak Petroleum.
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Removal of Indo-Pak trade barriers urged
Trade volume can rise to $10b by cutting costs.
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Pak-Sudan trade: Businessmen invited to invest
Ambassador says Sudan lacks technology to make headway.
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Increase in draught: Cargo handling to rise at Karachi Port
Deployment of mother vessels now possible at KPT.
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Weekly review: KSE index closes flat amidst plummeting volumes
Market fails to sustain momentum due to lack of triggers.
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Competition in Pakistan’s aviation market to grow
Saudi budget carrier launches flights to Karachi.
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Energy conservation: Consumer cooperation urged to overcome crisis
Suggests industry reduce power consumption by 25% and markets to close by 8 pm.
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Stagnant growth: Energy shortage stunts growth in large scale manufacturing
Large scale manufacturing fails to record significant progress.
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Sui Northern Gas to resume gas supply by tonight
According to SNGPL officials repair work at the Sui gas field is 80 percent complete
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‘Friendly policies boost crop production’
Minister claims 52 new crop varieties developed.
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OGDC profits rise on lower tax rate
Explorer releases ten-month accounts to fulfill bond issue requirement.
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TCP awards contract for urea import
Fertiliser to arrive by first week of July to meet farmer’s needs.
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Increased market access to European Union urged
Gilani for upward revision of Import Vulnerability Criterion.
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Current account posts surplus of $205m
Surplus falls due to slow exports and high imports.