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Clarifying position: ‘No new tax slapped on gas consumers’
Cess will provide additional finances for new projects, says PM spokesman
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Fresh crop: CM approves release of Rs2.5b for wheat purchase
Orders fair distribution of wheat bags, particularly to small growers
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High-level gathering: PM to attend water conference in Tajikistan
Tajik envoy speaks about CASA-1000 and trade ties with Pakistan
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ECC increases subsidy on sugar to Rs5 per kg
Also approves import of additional 150,000 tonnes of Urea fertilizer for Kharif season
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Information-sharing: CCP, SECP reach understanding
All information exchanged under the MoU will be kept confidential unless disclosure is required by law
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FPCCI to take part in two India fairs this year
Large number of people from SAARC states likely to visit the expos
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Balochistan govt adjusts lens, focuses on growth areas
Starts several projects in horticulture, livestock and tourism sectors
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Monitoring: Minister reviews progress on energy projects
Discusses financing plan with stakeholders.
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Power generation policy: Provinces disagree with centre over some features
Want their concerns addressed, ministry official gives assurance.
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From the ashes: SECP lifts curbs on KASB Securities
Restores its status as brokerage house on KSE, PMEX
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Credit disbursement: Banks extend Rs368.7b in loans to farmers
Amount is 28% higher than Rs288.4b given in last fiscal year
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Punjab industries: LNG consumption a distant dream
Price expected to be $13 per mmbtu against local gas tariff of $6.27
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$800m payments: Etisalat, government may resolve PTCL dispute
Islamabad ready to take the hit; PC Chairman Zubair says transaction was ‘poorly run’
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Raising gas prices: Amidst walkouts and harsh rhetoric, Senate passes GIDC bill
New law likely to erase legal challenges to the tax, improve financial stability of state-owned gas companies
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Nawaz pushes Turkmenistan to fast track implementation of TAPI
Nawaz to visit Kyrgyzstan on Thursday, hold talks with the Kyrgyz President Almazbek Atambaev
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US, Britain fine six top banks nearly $6bn for forex, Libor abuses
All five, plus the Bank of America, will also pay more than $1.8 billion in fines to the US Federal Reserve
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High yield: Promoting mushroom cultivation
UAF professor sheds light on the ease, benefits and cost effectiveness
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Insecure industry: To break monopoly, CCP asks govt to amend policy
NICL has exclusive rights over insurance of public property.
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Clearing account: Sindh to comply with NEPRA tariffs
Minister reiterates support for solar, wind-based energy projects.
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Market watch: Foreigners remain buyers, index still bleeds
Benchmark 100-share index falls 156.51 points
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Intense lobbying delays LNG import from Qatar
Buyers reluctant to provide firm payment guarantees
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Free Trade Agreement: Pakistan, Sri Lanka could enhance trade to $2.7b
Policies of the two countries and lack of interaction hindering bilateral trade
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Generating finances: National Assembly passes GIDC Bill 2014
Cess will bring funds for investment in different projects.
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Access denied: No natural gas for power plants that refuse LNG
Petroleum ministry says a blend of local and imported gas to be supplied.
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Per capita income: A Pakistani now makes $1,513 a year
Registers almost 10% growth, according to estimates; investment and savings targets missed
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New directives: PHC suspends interim order on gas cess collection
Lifts stay following Supreme Court’s ruling on petition.
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Budgeting in the dark
There is no way you can come up with a policy that is equitable if you don’t know how many mouths you need to feed
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Mitigating natural disasters: CDWP clears Rs37 billion projects
The body also recommended the construction of Basool Dam, Shadi Kaur Storage Dam
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Potential: PBC’s report on Pakistan-Indonesia trade
Report highlights imbalance of trade; lack of reciprocity in terms of PTA.
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Corporate results: UEP’s petroleum production jumps 65%
Company says level reaches 59,737 boed in first quarter of 2015
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From wooden crates to cardboard boxes: Ministry feels ‘pressure’ from certain exporters
Says one group does not want to shift to corrugated cardboxes.
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Aiming higher: King of fruits ready for flight
Country aims to export 100,000 tons this year.
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Addressing shortages: ADB promises $65m for hydroelectric power project
Run-of-the-river facility will be built on Poonch River
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10MFY15: FDI dips 8%, clocks in at $824.9 million
Largest net outflow recorded in pharmaceutical category
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Recovery: Current account deficit shrinks by $1.5b in July-April
Decrease is partly attributable to Coalition Support Fund.
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Avoiding complex procedures: Pakistan at forefront of WTO agreement
Country could increase trade volumes, competitiveness by introducing trade facilitation measures
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Setting future trend: Ignore administrative matters, focus on core business
Service office providers offer business centres to clients, usually startups
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Tariff elimination: IT Agreement – why the country needs to accede
Will reduce cost of services and manufacturing, facilitate business
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China-Pakistan Economic Corridor: Lines of development – not lines of divide
All provinces, government need to take the high road; country needs the Economic Corridor
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IPPs see no threat from coal, clean-energy projects
Could reshape priorities, switch to economical fuel coal in future.
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Solar power: PARC trains 500 master trainers
The event was jointly organised by Parc and Climate Change, Alternate Energy and Water Resource Institute Islamabad.
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Opposition: KCCI chief against GIDC Bill 2015
Says entire business community will resist approval.
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Loan Talks: ‘Greece will not cut salaries and pensions’
Four months of deadlock between Greece’s new radical Syriza-led government
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Dutch Employment Woes: Talks with trade unions break down
“The limit has been reached at the negotiating table,” Ton Heerts
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Annual report 2014: Life insurance industry in private sector surges 35.8%
Increase in asset base largely in line with average growth rate for last five years.
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Power generation: Performance of even efficient companies going down
Transmission losses are higher than the target set by NEPRA.
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Postponed: Turkey delays 4G tender after Erdogan remarks
Instead of the planned date of May 26, the tender will now take place on August 26
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Visit to Asian giant: More than just diplomacy
India’s Modi brings home $22 billion in China deals.
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Survey results: Pakistan competitive in digital financial services
The survey report highlights findings on the mobile money agent landscape in Pakistan
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Corporate corner: Jubilee General launches Takaful operations
Jubilee General plans to increase the insurance penetration in Pakistan, especially in the SME sector & retail market