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Pak-Iran: Framework of five-year trade, investment plan under way
Ministry of Commerce holds meeting to deliberate ways to enhance trade.
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LNG deal to be signed with Qatar in six weeks, says Abbasi
Power producers, however, have not yet provided payment guarantees.
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Chinese firm willing to finance power projects
Pakistan outlines schemes of about 35,000MW capacity for assistance
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Pakistan's stock exchanges to be integrated
LSE and ISE will be merged with KSE; will give birth to the Pakistan Stock Exchange
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Market watch: Foreign selling continues, but index up 698 points
Benchmark 100 index increases 2.11%, settles at 33,798.8.
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China cuts rates, reserve ratio after stocks plummet again
The moves came after Chinese stocks tumbled again on Tuesday
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China's premier says no basis for more yuan weakness
The People's Bank of China shocked global financial markets on Aug 11 by devaluating currency by almost two per cent
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ADB announces new $1.2 bn annual package for Pakistan
Funds will support improvements to highways and provincial roads, as well as bus rapid transit schemes in Karachi
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Black Monday: ‘Made in China’ market panic see global stocks plummet
The losses appeared to be driven by concern over shrinking Chinese demand for raw materials
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Pak-US: ICCI hails GSP Plus status
Bilateral trade between the two currently stands at $5.3 billion
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Services sector: Companies raise voice against 8% minimum tax
Newly formed action group threatens to discontinue services
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Afghanistan calls off key meeting on economic issues
Growing distrust between two sides apparently the reason
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PIA still a manageable entity, says former MD
‘Financial loss’ a propaganda; aimed at preparing the grounds for privatisation
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K-p laments: 6% increase in gas tariff unjustifiable
“The decision would prove detrimental for the industry.” KPBoIT Vice Chairman
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For agriculture use: Unable to disburse $200m among provinces, says PARC
Amount meant to promote research and development
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Rupee weakens, officials divided on repercussions
Decrease comes amid currency devaluation by many countries
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Centre, Sindh government refuse to shoulder burden
Water board not paying anything to K-Electric, owes Rs700 million
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Panic grips bourse as index plummets
Benchmark index drops 4.1%, settles at 33,100.24
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Crude oil drops below $40 a barrel for first time since 2009
Latest plunge in prices comes as growing worries about a Chinese economic slowdown add to anxiety about excess supply
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To increase revenue: The govt’s only tool; increase rate of withholding tax
Instead of increasing tax base, authorities are looking at short-term measures
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Backseat no more; education finance increasing in budget
Combined budget has increased significantly by 27% since 2013-14
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Role of public-private partnership
Will help overcome the ‘backhaul’ challenge while providing steady broadband internet service to consumers
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Significant progress achievable: IMF
Fund maintains Pakistan has come a long way in implementing reforms since 2013
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Pak-China trade: Importance of negotiating the FTA
Despite the few losses, the country should focus on opportunities Chinese market provides
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Iran has not much gas for sale, Pakistan must act swiftly
European countries also eager to source energy supply from Tehran
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Nielsen report: Illicit tobacco trade grows 43.5% in 6 years
Causes Rs24 billion loss to the exchequer; tax-paid cigarette volume declines 11%
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In the offing: Relief package for the business community
Dastgir says new trade policy will accelerate economic growth
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New territory? Apple inducts Tesla engineer
Six other people with experience in self-driving technology have joined company
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CDA vs PARC land sale: NARC’s fate still in limbo
Both parties anxiously await PM’s decision on CDA’s summary sent in May.
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Electricity supply: Finance ministry asked to clear Rs72b unpaid subsidy bills
Power companies unable to pay liabilities due to high distribution losses.
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Demand buffet: Exporters want rebate on energy bills, rupee devaluation
Say international competitors have depreciated currency and increased competitiveness.
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Lahore airport: Air navigation to be upgraded
Instrument will help aircraft land at the visibility of up to 50 metres.
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For the national carrier: Aviation Division seeks nod to acquire three Boeing 777
PIA Board of Directors makes new plan to restructure entity amid low cost of fuel and borrowings.
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Weekly review: KSE-100 plunges 1,417 points as foreigners offload
Falling crude oil prices and yuan devaluation wreaked havoc at the bourse.
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ICCI: Focus on engineering sector
ICCI President said the growth of engineering sector had dropped more than 18% during the fiscal year 2014-15
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Lotte Chemical records loss of Rs236.5m
The company reported a net profit of Rs69 million or Rs0.05 per share in the quarter ending June 30, 2015
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NBP’s earnings clock in at Rs7.5b in January-June
Profit down 7.2% from comparative period previous year
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Corporate results: HBL’s profit surges 24.9% to Rs16.9b
The decrease in earnings in annual terms is reflective of the higher effective tax rate in Apr-Jun
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On a thread: Cotton growers irked by falling price
Want govt to set minimum support price to save losses
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Market watch: Tracking regional peers, index sheds 700 points
Benchmark KSE-100 index closes at 34,519.77
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Letter of interest: Chinese firm to develop coal-based power projects
Plants with cumulative capacity of 1,320MW will consume Thar coal
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EU envoy stresses on export diversity
Says first assessment of fulfilling conditions for GSP Plus currently under way
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Spurious invoices: PBIF chief demands refund system be automated
Automatic refunds would eliminate mafia, end delay in payments
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Falling behind: Farmers protest neglected area as cost rises
Agriculture sector hit the hardest as global prices fall, argue officials
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Three banks in race to handle $1b bond float
Country to issue dollar-denominated bond in current fiscal year
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Financial system: Credit Bureaus Bill gets presidential nod
Credit bureaus provide information for objective examination of credit standing of the borrowers
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Foreign exchange: SBP’s reserves down $13m, amount to $13.615b
Total liquid foreign reserves held by the country stood at $18,655 million
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HUBCO’s profit up 50% in 2015 after plant overhaul
Earnings stand at Rs9.8b, dividend of Rs5.5 per share also announced
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K-Electric profit surges 119% in 2014-15
Income rises due to enhanced plant efficiency, reduced line losses
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Official drive: FBR serves notices, tax contribution amounts to just Rs1.1 billion
Number still better than last year’s when 17,314 people filed tax returns