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Breaking rules: KSE suspends Aziz Fida Husein and Company
Order will make accounts inaccessible for 14 days, followed by suspension of certificate.
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‘Humanitarian grounds’: PSM granted Rs480 million for disbursement of salaries
Amount will cover salaries for April; May and June payments to be made later on.
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Improving Power Supply: Govt aims to increase electricity
The capacity of transformer repairing workshops has also been enhanced for ensuring the uninterrupted distribution
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Punjab Board Of Revenue : Target of Rs39.79b surpassed
First time in the history of the province the mark of Rs1 billion had been crossed in the case of agriculture itax
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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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On the Greek deal
The deal bails out the lenders, not the Greek economy and its suffering populace
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The bitterest of medicines
IMF wants debt relief and restructuring rather than more debt, which on past performances is unlikely to be paid
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After Air Indus, CAA places curbs on Shaheen Air
The order came after one of SAI’s Boeing 737 aircraft broke down on the runway of Quetta International Airport
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Govt approves Rs480m for Steel Mill to pay salaries ahead of Eid
Decision taken on humanitarian grounds to enable PSM employees, and their families to celebrate Eidul Fitr
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Textile industry: Commerce minister constitutes committee for exports
Policy action plan to remove hurdles faced by industry.
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Bankislami: Funds given to meet depositors’ demand, says SBP
SBP said it is a normal practice for central banks to provide funds to banks whenever they are under liquidity stress
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Real estate: Karachi and Islamabad markets record modest gains
In Lahore, property prices remain static in the first half of 2015.
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Marble industry seeks government’s attention
ICCI chief urges government to solve problems on a priority basis
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2014-15: Foreign direct investment shrinks by 58.2%
Clocks in at $709.3m during fiscal year; difference due to spectrum auction’s proceeds that fetched $610.9m.
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Market watch: Index touches record high as investors consolidate
Benchmark 100-share index rises 252.86 points.
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Sugar imports: Govt asked to withdraw 100% increase in duty
Instead of giving relief to consumers, millers are being rewarded: KCCI
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Both India and Pakistan need to ease trade restrictions
PBC report highlights potential between the two countries
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Cost escalation: BISP’s poverty survey costlier than population census
Pressing need to conduct the survey; amount estimated at Rs10b
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Developing tourism: K-P TC leases 15 guest houses
Explained that existing staff will also work and will be trained for hotel management and hospitality courses
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Withholding tax: LCCI demands resolution of issue
Government to take the business community in confidence in all such matter
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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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Missing targets: Revenue collection overstated by Rs7b
SBP and FBR differ on final amount of fiscal year 2014-15
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Vision 2015: Modern, diversified agro sector
The official highlighted the objectives for achieving food security for protecting the most food-insecure segments
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Wheat export to Sudan, Yemen suggested
Exporters say market of 500,000 to 600,000 tons exists.
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Made in India: Volvo to export buses to Europe
Company announced investment worth Rs4 billion to double output in Hoskote.
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Solar power: Dawood Group’s Reon eyes tube-well project
Awaiting clarity on methodology of replacing old tube-wells
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Caffeinated: Starbucks to inaugurate Johannesburg café
Cafe to open early next year, followed by other locations.
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Businessmen meet customs officer to break stalemate
Customs, traders have a dispute over old machinery import.
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STPF 2015-18: Trade policy in the offing, says Dastgir
After incorporating recommendations, draft to be submitted to federal cabinet.
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New enterprise: Nishat Group establishes new subsidiary
It approved to issue bank guarantees to Nishat Commodities amounting to Rs1 billion
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Fruits of cheaper oil: Major tariff cut expected, relief still unexpected
Majority of power consumers may not receive the benefit
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Market watch: Oil under pressure, index ends in the red
Benchmark 100-share index falls 49.73 points.
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Textile troubles
While govt should look into grievances, it won't be much to ask tycoons to use past windfalls to fund current losses
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Bastille Day greetings: Pakistan seeks to boost trade, defence ties with France, says Khawaja Asif
Pakistan has strong bilateral relations with France, said Defence Minister Khawaja Asif while extending greetings
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Mango yield : Production lower this year
Mango production has reduced to half compared to production last year
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Farmers’ woes: Agriculture not govt’s priority
Kissan Ittehad chief criticises authorities for neglecting sector
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Tax on transfer of vehicle ownership cut
Non-filers to be penalised when paying token tax
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Concessionary loan: SBP grants Rs20 billion to BankIslami
Central bank gave the money after KASB Bank was merged into BankIslami
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Pakistan pockets remittances amounting to $18.4b
Increase 16.5% year-on-year; June’s tally 9.5% higher
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Building blocks : DG Khan Cement to buy plant from Danish manufacturer
The $65m plant will have capacity to produce 8,500 tons per day.
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Rabi season 2015: TCP urged to import 150,000 tons of urea
Ministry of Finance and EAD asked to identify credit line on best possible terms
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Free market dynamics: CNG prices likely to be deregulated
Filling stations will be free to set rates; will spark competition
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Widening tax net : Chamber chief urges filing of tax returns
further informed that a historical agreement had been signed between the business community and the FBR
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Currency: Rupee stable against dollar
The currency market has remained stable for the past many months after experiencing extensive volatility
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Potential markets : ‘Businessmen should focus on ASEAN’
Pakistan could export many products to this enormous market, especially textiles and pharmaceutical
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Market watch: A volatile ride ends in the black
Benchmark 100-share index rises 384.33 points.
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The withholding tax brouhaha
The very people who are against the withholding tax are the biggest undocumented segments of the economy
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Windows 10 to be launched amid 'fan celebrations', philanthropic initiatives
Windows 10 will be available as a free upgrade for a limited time for genuine Windows 7 & 8/8.1 users on July 29
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Remittances up by 16.5% in 2014-15
Overseas Pakistanis sent remittances amounting to $18.4 billion in 2014-15
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Anti-British drive: Swadeshi movement, 110 years on
It gives a chance to see economic nationalism through the lens of history