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Market watch: Selected interest helps index past 34,000
Benchmark 100-share index gains 177.12 points.
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Through SRO, Punjab slaps 19.5% tax on mobile internet usage
Decision a ‘big negative’ for economy; 80% subscribers’ income not taxable.
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PM bars PNSC from bringing petrol, diesel
PSO will import petroleum products by inviting bids from shipping lines.
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Economic Survey 2014-15: Losses due to war on terror down by a third to $4.5b
Total cost, direct and indirect, caused by terrorism in the country since 2001 tops $107 billion
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Economic Survey 2014-15: Ishaq Dar touts economic growth amidst missed targets
Government misses major economic targets
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Mcb pmi: Index portrays promising prospects
The recent cut in the policy rate is expected to stimulate production and economic activities
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Pakistan, Belarus: Direct contact between businesses stressed
FPCCI hopes recent agreements will help enhance trade, investment
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Budget 2015-16: Science and technology a lost cause for govt
Govt drastically slashes development budget in upcoming PSDP; not a single project approved
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For fresh graduates: Gaining an edge in the job market
Advantedge looks to help by imparting industry-specific training
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Expanding footprint: Meat One to go public in first food company listing in 5 years
Company offering 25 million shares at floor price of Rs43 per share
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CNG industry utilising LNG to bear gas theft losses
Govt to recover 11% UFG from stations; ministry to seek ECC’s approval for move
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Every Pakistani now owes over Rs101,338 in debt
Country’s total liabilities stand at Rs19.3t, says Institute for Social and Economic Justice
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Protection to PSF: Textile mills cannot compete in manmade fibre products
Say they are unable to diversify products and markets
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Seed multiplication: Soya bean to be sown over 1,000 acres
soya bean had wider genetic diversity for different uses
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Unfunded debt: 10-month data shows savings rise 63.6%
In April, savings under NSS decreased by 62% compared to the figure for the same month last year
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Market watch: Trading remains range bound ahead of budget
Benchmark 100-share index gains 13.28 points.
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KSE world's best performing frontier stock market: report
Pakistani equities have delivered 26 percent a year for US dollar investors since 2009, Khaleej Times report claims
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Energy costs: NEPRA allows Rs2.05 drop in electricity tariffs … for now
Regulator says it will likely fall in line with ECC decision not to pass on cost reductions to consumers.
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Improving ties: Pak-Afghan trade potential remains untapped
Meeting suggests that both countries should harmonise customs procedures, remove specific duties and engage constantly
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Free, clean electricity: Small watermills for country’s big energy crisis
Potential in century-old mud-and-stone mill may make villages self-reliant.
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Oil and gas: Jurisdiction claim delays exploration in Balochistan
Province insists energy firms must take NOC before conducting surveys
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Budget 2015-16: Incentives for industries, agriculture sectors likely
Iqbal stresses country will notch up 5.5% growth next year.
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Mutual interest: HBL’s subsidiary to acquire PICIC Asset Management
Assets under management to increase to Rs46b, says AMC official
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Coming together: Turkey and Pakistan find avenues to collaborate
After an elaborate discussion, five areas of cooperation and investment by the Turkish company were identified
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Solution: Introduce tax forms in Urdu, suggests ICCI
It also demands fair taxation system with no exemptions
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Name calling: FPCCI wants Basmati issue resolved
Asks ministry to register name as India plans its move.
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Seeking protection: Farmers demand heavy duty on milk powder import
Say dairy body presenting twisted facts to policy-makers.
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Budget 2015-16: 10% WHT likely on advertisement income
Tax on media houses aimed at generating Rs5b during new fiscal year
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Market watch: Equities continue to rise
Benchmark 100-share index gains 331.96 points.
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Political economy
Recent rise of globalised and globalising middle classes and groups means that margins look more like mainstream
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Islamia university students launch 'Spy Pigeon' app
As evident by the name, the app revolves around shooting a ‘spy pigeon’ while avoiding being pooped on
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GDS target likely to be slashed for next year
Collection is expected to be Rs29.9b, which is 35% lower than this year.
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Returns in May: All equity funds take a hit
Only three stock funds could outperform the benchmark index.
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FPCCI seeks incentives for oilseed growers
Better crops will help lessen reliance on edible oil imports.
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Hydel electricity: Contribution to national grid increases
Wapda delivers more than 30 billion units of low-cost electricity to the national grid per annum
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Budget 2015-16: 12% of approved funds goes to CPEC’s western alignment
NEC allocates Rs171 billion for corridor related projects next year.
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Budget discussions: PM Nawaz kept key bodies ‘out of the loop’
Proposed FED on internet usage might decrease use of social media.
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Oil imports: PNSC refuses vessels at old freight rates
Seeks revision in rates, initially proposes 10% administration charges.
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KCCI wants duty on milk decreased
Chief urges government to make commodity cheaper.
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May 2015: Food items the cause as inflation inches up to 3.2%
Reading in line with analysts’ expectations, rate expected to remain around 6%.
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Market watch: Banking sector fuels KSE’s thrust
Benchmark 100-share index gains 506.59 points.
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'The right time to leave': Engro Foods' founding CEO steps down
His departure comes at a time when management at Engro Corporation has seen multiple exits of senior officials
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Oil prices crisis: Saudi Arabia's reserves lost $49 bn in four months, says report
Saudi reserves dropped from $732 billion at the end of 2014 to $683 billion at the end of April
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Microsoft to launch Windows 10 on July 29
The new Windows 10 software will come as a free upgrade to people who already use Windows 7 or Windows 8.1
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Partial hike: Petroleum prices go up by Rs3.57 per litre
PM decides to keep prices down to avoid criticism before budget.
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From risk to resilience: Telenor chief reflects on journey to profitability
Believes future holds more opportunities given developments in the sector
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Economic corridor: Transit treaty imperative to protect national interest
Bilateral agreement is necessary for Pakistan, China to provide legal framework to facilitate traffic
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Coal to continue to be the dominant power source
Those who believe coal technology is coming to an end are mistaken
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Inclusive growth – a must for sustainable development
Progress has to be made on MDGs that by far has been quite poor
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Small and medium enterprises, the path towards growth
Government must focus on policies to nurture economic ecosystem