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Competition intensifies: US seeks to reshape ties as Chinese influence grows
In response to Chinese investment in Pakistan, US to provide expertise, technical assistance
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Energy Sustainability: Fifth congress takes place for engineers
The congress had six technical sessions in which 24 papers were presented
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First export ship to embark on journey from Gwadar Port
Ministry officials, Chinese company heads to be present on the occasion
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Preparing for the future: Dubai hosts conference on energy needs
Executives highlight future role of renewable sources
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Auto parts: PAAPAM urges withdrawal of duty
Association says small, medium-sized APMs on verge of closure
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Joint ventures: Haier-Ruba plans expansion, investment of $1.5b
Company CEO looking to take advantage of Chinese partnership, CPEC.
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SMS conundrum: Do.Not.Disturb
NBP employees face ire of management for ‘useless’ messages sent to bank’s chief
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The second strategic sale: Privatisation Commission pre-qualifies 8 bidders
National Power Construction Corporation to be sold next month.
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Agriculture loans: Govt urged to increase bank’s credit share
A gap of Rs446 billion exists between the demand and supply of agro-lending in the country
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Continuous trend: Situation deteriorates for textile sector
Industry losing grip over domestic market as well.
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K-Electric interested in generation from solid waste
Garbage transfer stations could be used as well, says SSWMB MD.
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Dasu hydropower project: WAPDA, local banks discuss possible financing agreement
First project being considered for local financing, says WAPDA chief.
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KASB Securities merges with Bank Islami
Moratorium on bank had caused liquidity issues for the brokerage house
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Investment bonds: Demand rises with fall in interest rates
Ministry says debt re-profiling is ideal when yield curve is going downward.
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Akbar Associates wins bid for second LNG terminal
Offers a tariff of 49.87 cents per mmbtu, will build the facility in 2 years.
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Investigation: NAB to probe Rs2 billion sugar subsidy case
NA panel wants to know the facts that led to the subsidy offer to millers.
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On stashed cash: State could impose 10% tax on remittances
Channel being used to legalise black money, says FBR official .
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Hunting down: SNGPL launches campaign against gas thieves
Situation bad in the south of K-P, losses may cross Rs6b in next 3 years.
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Pharmaceutical manufacturers: Industry aims to increase exports to $5b in 10 years
Seminar speakers underline need of constituting task force.
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Foreign currency: SBP’s reserves drop 0.4%
During the week, SBP’s liquid foreign exchange reserves decreased $48 million to $12,517 million
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Wheat purchase: ECC yet to approve PASSCO’s increased quota
Ministry seeks increase from 800,000 to 1.2m tons.
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Small, medium enterprises: Businesses demand credit guarantee schemes
A share of SMEs in total bank lending is mere 6%, says ICCI chief.
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Two-month pay: PSM gets Rs960 million for staff salary
Russia shows interest in upgrading the mill’s power plant.
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Market watch: Stocks fall on profit-taking, fears of foreign outflow
Benchmark 100-share index loses 96.40 points.
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Moratorium lifted: Govt approves KASB Bank’s merger
According to the amalgamation scheme, KASB Bank Limited has been merged with and into Bank Islami Pakistan Limited
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LNG imports: SSGC shortlists bidders for second terminal
Engro’s Elengy Terminal fails to qualify.
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Free from bureaucratic, political interference: For lethargic power sector, CPPA made independent
Move to see competitive market structure in place by 2020.
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Special treatment: TRC proposes flat rate of income tax for retailers
Amount nominal; move meant to include people in the tax net
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Challenges posed by the Pak-China corridor
Govt is advised to consult, involve all stakeholders, use this opportunity to initiate long-delayed economic reforms
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Hydel generation: 1,000MW to be added, says official
Power projects in K-P would help increase the generation capacity in the country
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Industry protests: FBR’s decision to increase sales tax draws criticism
Leading export-oriented sectors could face increased sales tax rates
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Step forward: Lahore prepares to welcome Chinese consulate
PCJCCI chief says it will help business community of both countries.
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Perception survey: For American financiers, Pakistan a long-term investment
Reveals representatives of companies optimistic about the future
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All consumers should share LNG cost, say gas companies
It may lead to over 100% increase in prices of locally produced natural gas.
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Top economist tells banks to pay Dar dividends
Says finance minister allegedly extended Rs130b in additional benefits .
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Diesel-based plants: Sales tax on power supply increased by 20%
Cost of electricity production will jump by Rs3.60 to Rs21.60 per unit.
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Cheaper than fuel oil: LNG to be imported at the best price, claims govt
Qatar is likely to agree on a price around 14.5% of Brent crude rate.
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APCMA woes: Illegal Iranian cement hurting local industry
The association urged government to take effective steps to stop illegal import of Iranian cemen
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Corporate corner: Zong launches Samsung Galaxy J1
Samsung Galaxy J1 is 4G enabled and is available with various data bundles through Zong
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Foreign relations: Event held to woo Dutch investors
Balochistan Economic Forum highlights province’s potential.
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Horticulture trade: Pakistan’s modest share in global exports ‘shameful’
Infrastructure, R&;D key to enhancing growth: FPCCI official.
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Auto sector records growth of 30% in Jan-May
All three companies post double-digit rate of increase.
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Brokerage and investment arm: Dawood Hercules Group sells Elixir Securities
Move in line with company’s strategy to focus more on energy and agriculture
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Market watch: Correction, political noise dominate as index ends lower
Benchmark 100-share index falls 189.89 points.
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PIA continues its flight in the red
Incurs loss of Rs32b in 2014, first-quarter result shows loss of Rs1.94b.
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Ramazan package: ECC agrees on Rs3 per kg subsidy on sugar
Decides to reduce sugar, ghee and oil sales on utility stores.
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The irony: Cost to collect tax higher than tax collection
Report by TRC says 21 field formations collected Rs64.3b of total income tax of Rs1.3t
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Sharing the financial cake
Govt needs to urgently call meeting of CCI, discuss responsibility redistribution among center, provinces, local govt
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Towards tax reforms?
The FBR is where the restructuring needs to take place first before it can be expected to bring about positive change
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Concessionary loan from China: After Metro bus, Lahore could see Metro train
Ecnec to review proposal which suggests govt seek concessionary loan from China for the project