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Govt cuts prices of petroleum products by Rs4.92
Prices of petrol cut by Rs1.03, while price of High Speed Diesel cut by Rs2.06
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Decline: SBP’s reserves clock in at $13,386m
SBP’s liquid foreign exchange reserves decreased $157 million to $13,386 million
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Textile industry: Committee asks govt to curtail cost of production
Urges immediate lift of ban on new gas, electricity connections.
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CAA revises landing charges
Foreign airlines using Islamabad, Lahore airports will be charged 25% more.
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Tech industry: Minister stresses need to improve IT exports
IT companies need to improve their reporting to PSEB and SBP if they want Pakistan to be taken seriously
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SBP-IBA survey: Expectations of low inflation coming to an end
People no longer looking at prices to remain on the lower side.
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Amid criticism, K-Electric announces $400m project
Signs contracts with Siemens and Shanghai Electric for overhaul and enhancement.
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Provincial affairs: PAAPAM concerned over delay in tractor subsidy scheme
Scheme based on total production and shortage of tractors.
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Privatisation: List of 129 units prepared
‘The Corporate Rehabilitation Bill’ has been drafted by SECP and is under process of enactment
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Mangoes to make their way abroad from August
Exports expected to increase during current season due to good yield
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Corporate results: Fauji Fertilizer Company posts Rs8.8 billion profit
Result below expectation due to imposition of super tax and 382 points decline in gross margins
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Population census: Services of over 207,000 personnel to be hired
Country to spend Rs14.5b on the exercise, which will begin in March 2016.
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Market watch: Mixed sentiments but index ends positive
Benchmark 100-share index increases 53.51 points.
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Oil price slump prompts Shell to cut 6,500 jobs
The oil giant also announced a slide in profits, a further cut to investment and the sale of Japanese operations
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Corporate Corner: SCB recognised for leadership
We are delighted to be presented with this award from such a prestigious publication
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Wind, Solar: AEDB pursues alternative energy projects
A detailed resource assessment of wind and solar in the country is being carried out
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Samsung Galaxy S6 to become cheaper after disappointing sales
Company says it will 'adjust' prices flagship phones in order to maintain 'sales momentum'
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Agriculture research: Belarus delegation visits NARC
delegates expressed great satisfaction over the research and development conducted in there
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Corporate results: Fauji Fertilizer Bin Qasim announces Rs758m profit
Earnings down 16% year-on-year in Jan-Jun period.
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Sinosteel prepares proposals for revamping steel mill
All options will be discussed with Privatisation Commission.
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Karachi traders now threaten of protests
Want govt to take back the levy.
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Soft image: Call for innovative ideas to promote tourism
K-P official wants everyone to pitch in for improvement.
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KCCI urges K-Electric to improve performance
Attributes recent outages to weak infrastructure.
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Post-privatisation: Government to review K-Electric’s 2008 agreement
Considers reversing concessions including supply of 650MW at a low rate.
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Dubai Bank to divest holding in BankIslami
Another shareholder says UAE-based bank wants to sell 144.2m shares
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market watch: Oil sector helps index glide up
Benchmark 100-share index increases 401.83 points
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St James’s Hotel: Parliamentary committee seeks details on Mansha’s investment
Also wants NAB to expedite inquiry into MCB privatisation
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Mega hydel projects: Govt studies plan to offer stake to private investors
They will be given management control if their share is more than 50%
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Agriculture: China’s cooperation for seed variety
Chinese cooperation in all fields of the economy is matchless”, he added
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Calling Attention: Strengthening T&D network
Allocation of over Rs45 billion to NTDC in the recent budget should immediately be used for upgrading infrastructure
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Currency: Rupee stable against dollar
Remittances amounted to $16.6 billion in the first 11 months of 2014-15
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Economic ties: President reiterates support to CPEC
President said that not only the government of Pakistan but the entire country wished to promote relations with China
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Virtual shops: Looking for smarter ways to cut costs
Phone-makers tapping into growing e-commerce market.
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Honda Atlas announces Rs1.08 billion profit
Improvement comes on back of increased gross margins
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market watch: Index ends positive amid volatile trading
Benchmark 100-share index increases 99.17 points
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1971-2014: Roughly 7.8m proceeded abroad for employment
Bureau of Emigration reveals Middle East the most attractive destination.
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corporate results: Meezan Bank’s earnings up 18.8%
Board approves interim cash dividend of Rs1.75 per share.
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Month-on-month: Banking spread rises 4% in June
Reduced cost of deposits and 150bps cut in policy rate in May key factors, says analyst
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Unauthorised stations: House rent payment stopped to motorway police
PAC orders recovery of Rs55.23 million paid so far.
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Contrary to traders' claims: WHT has not affected bank deposits, says SBP governor
Govt’s meeting with traders ends in deadlock, main representatives not present
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Capital market: Stranglehold of brokers may continue for two more years
Finance ministry proposes changes to law that allows entry of new players
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Energy Solutions : Country to produce 479MW wind power
The board estimates that the country can produce as much as 50,000 megawatts from wind projects
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Crop Protection : Flood threat leads to fresh instructions
In case of leaf curl virus attack on cotton crops, farmers must not get disappointed
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Currency: Rupee stable against dollar
Remittances amounted to $16.6 billion in the first 11 months of 2014-15
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Pakistan receives fresh CSF tranche of $336m
SBP officials say injection of cash helped Pakistan's forex reserves reach fresh high of $19 billion
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The world's 10 wealthiest couples
Founders of Amazon and Facebook are among the top ten
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On revenue: Services sector bashes 8% tax measure
Says culture of start-ups needs to be promoted.
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Funds for power sector: Foreign assistance utilised at slow pace, only 23% used
Ministries dealing with energy issues blamed for the low disbursement
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Warning signal: Existing infrastructure may not sustain gas imports
CNG body official calls for revamping distribution network.
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Economy braces itself for flood damage
River overflows expected to damage commodity based sectors.