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Petrol prices set to increase 10-13%: Sources
Finance ministry has endorsed recommendations made by Ogra, decision to be taken tomorrow.
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Arab stocks dip $24b in February
Arab stock markets dipped by nearly $24 billion through February.
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Industrialists threaten to go on strike
The business community is worried over increasing incidents of kidnapping for ransom and extortion.
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Spanish chain seeks to invest in Pakistan
Partnership with PIA likely.
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Urea arrives to bridge demand-supply gap
Another 72,000 tons to reach soon.
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IMF team coming on March 1
The IMF programme suspension has halted the release of the second last loan tranche of $1.7 billion.
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KSE plummets 7% on political uncertainty
Foreigners offload $5.4 million worth of shares in panic selling.
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Engro to issue Rupiya Certificate again
Corporation also plans to float an Islamic bond of Rs3b before June.
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Farmers demand cut in urea prices
Rice and cotton crops may suffer.
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153,000 animals exported so far this year
The country has around 110.05 billion animals, enough to meet the domestic requirement.
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Women empowerment: EU offers support for initiatives
Women empowerment initiatives in Pakistan through a team of Birmingham Chamber of Commerce of the United Kingdom.
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General Tyre: Govt urged to act against smuggling, under-invoicing
Company says illegal practice costing economy billions.
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Circular debt woes: PSO resumes oil supply to KAPCO
Release of promised Rs30b by the government within this week still awaited.
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Raw material: Pak Steel devising supply strategy
Short and long-term plans for a smooth supply of raw material.
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Islamic income funds record 158% growth
Assets under management cross Rs15 billion mark.
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Sui Southern Gas profit jumps six times
Net profit multiplied by more than six times to Rs999 million in the three months ended December 31, 2010.
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Market watch: Stocks tumble, biggest fall in six months
he Karachi Stock Exchange’s benchmark 100-share index ended 2.74 per cent, or 315.74 points, lower at 11,123.52.
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FBR collects Rs855b in taxes
Facing Rs52 billion shortfall for eight months.
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‘Foreign investment solution to problems’
Conference to promote investment in Pakistan will be held soon in Norway.
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Fertiliser sector profits grow 70% in 2010
Fauji Fertiliser Bin Qasim and Engro Fertiliser front runners.
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Politicians urged not to let differences overshadow economic issues
Industrialists concerned about persistent political crisis.
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Annual Economic Survey 2010-11: India expects 9 per cent growth
The Indian economy will revert to the ‘pre-crisis’ growth level of 9 per cent in 2011-12.
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Regulator to penalise defaulting companies
SECP has announced that it will take penal action against defaulting companies.
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Foreign exchange: Reserves rise to record $17.59 billion
Release of were $633 million by US last month boosted reserves .
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Industrial concerns: Government to beef up security
Government assures industrialists of Site that it is taking steps to improve security in the industrial zone.
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PTCL announces result for Oct to Dec quarter
Income from non-core operations rises 15 per cent
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Solar-powered tube wells to experimented with
Kasur becomes first area of the country to have solar tube well pumps installed.
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Economic Revitalisation Project to start from March
$14m will be released to support small businesses in K-P, FATA.
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OGDCL fails to declare dividend for the first time
Company’s net profit falls 14%, result much lower than market expectation.
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NEPRA allows 33 paisa per unit increase
Power distribution companies had sought an increase of 39 paisa per unit as part of fuel adjustment for January.
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Pakistani beef enters Malaysian markets
25,000kg will be exported every two weeks.
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Gilgit-Baltistan: Ban on mining lifted
The government has earmarked $300 million to introduce modern technology and reduce wastage of resources.
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Market watch: Oil stocks break bearish spell at KSE
The Karachi Stock Exchange benchmark 100-share index ended 0.14 per cent or 15.84 points higher at 11,539.26.
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UAE-based firm to import rice from Pakistan
UAE based conglomerate shows interest in investing in Pakistan, planning to import rice worth $54.45 million.
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Killing of businessman’s son has SITE up in arms
Government has 10 days to clean up the area plagued by extortion and muggings
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NEPRA approves increase in electricity prices
Nepra allows price increase of by 33 paisas per unit under monthly fuel adjustment formula.
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Pakistan tops 102.8 million cellular subscribers
Cellular subscribers in Pakistan surpassed 102.77 million mark in 2010.
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Management Tip of the Day: Three ways to promote risk-taking
There are advantages to pushing for more of a risk-taking culture during tough times.
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Nokia Foresees a Bright Future of App Development in Pakistan
Forum Nokia invests in top Pakistani developers with hands-on training to bring out the best local apps on Ovi Store.
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Cotton: Strategies to improve performance
Govt to strengthen local research institutes and to import available technologies.
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OGRA fines oil marketing firms Rs8m
Hoarding of petroleum products, overcharging cited as reasons.
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Power supply: Govt to replace inefficient plants
The first project expected is a 750-megawatt combined-cycle plant in Guddu.
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Yamaha to establish plant at Bin Qasim
Project expected to create 45,000 jobs.
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Monthly oil price revision: Govt faced with three options
The government is expected to pick one of three options for the monthly price revision of petroleum products.
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State Life credit rating kept at AAA
Largest life insurance company holds on to perfect rating assigned by PACRA for another year.
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Government needs to create job opportunities for youth: Sabzwari
Sindh Minister for Youth Affairs Faisal Ali Sabzwari says government faces a ‘now or never’ situation.
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Netherlands to sell Pakistani oranges
Pakistani oranges will be available to consumers in the Netherlands from February 25 onwards, says diplomat.
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HP launches webOS in Asia-Pacific region
Plans to assimilate webOS into existing range of computer models as well.
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CAA carries on as a headless body
Authority dispels impression that newly appointed PIA MD is also heading CAA.
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Filing of tax returns: FBR to pressurise corporate sector
Only 18,098 of 44,794 registered corporate taxpayers filed their returns for fiscal 2010.