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Reforms missing: Govt considering unrealistic tax target for next year
Expects Rs3.2t revenue collection; FBR insists on something below Rs3.1t .
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New crude supplier: Byco expects oil import from Iran at a discount
Waits for lifting of sanctions to capitalise on the opportunity.
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Google launches portal to buy patents
Patent holders can tell Google about the patents they're willing to sell and the expected price through the portal
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Services and its impact on global economy
Research indicates developed countries with higher contributions.
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Collaborative efforts: PCEC will streamline neighbour relations, says LCCI chief
Highlights economic impact of the deal, encourages businesses to enter tax net.
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Towering through: Towershare deal will spur growth in telecom sector
Towers to be built by foreign entity will reduce cost, increase access to remote areas.
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Judging efficiency: Fiscal decentralisation of public good delivery
IMF paper reveals distribution of non-excludable services require conditions .
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Structural weakness: The tall order against high-profile tax evaders
Difficulty in probing influential individuals due to lack of control.
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Pakwheels.com: ‘Aiming to be a billion-dollar entity in 5 years’
Company CEO seeks investment over acquisition despite offers
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Ending power outages: Promises that were never kept
Now, govt says it will be able to only control load-shedding in 2017.
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Neighbourly love: PBIF chief urges enhanced bilateral trade
Pakistan’s annual trade with Iran has remained below $1 billion, as the greatest fall of 84% was witnessed in 2013-14
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Business ties: Faisalabad encourages Turkish investment
DCO assures maximum return for investors
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Energy conservation: Govt considering duty-cut on invert-type ACs, LED tvs
Reduction will apply on manufacturers, importers
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Oil transportation: PNSC fears losing business to PSO
Asks govt to withdraw petroleum ministry’s summary from ECC
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EOBI’s pensions up 46% — from Rs3,600 to Rs5,250
Increase took effect from April 1; 337,000 pensioners will reap benefit
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Product debut: Developers try Apple Watch, see more apps coming
Software houses looking into possibilities of experimenting
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Budget deficit: Govt likely to miss current year’s target of Rs1.4 trillion
Chances increase of upward revision in annual target in upcoming talks with IMF.
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Weekly review: Index remains upbeat, climbs 541 points
Landmark Chinese investment, banking sector rally fuel gains
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Institute discourages used car imports
Says import facility being misused by commercial importers.
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Country closer to becoming economically strong
Iqbal says German, US, Middle East investors exploring investment avenues
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Corporate results: Engro Fertilizers posts Rs3.05b profit
Earnings per share increased to Rs2.3, compared to an EPS of Rs1.12 in the period under review
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9MFY15: National Foods’ earnings up 19%
Company reported an after-tax profit of Rs618 million
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Corporate results: Murree Brewery’s earnings clock in at Rs812m
Profit up 35% during nine months of fiscal year 2014-15.
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Corporate results: Pak Suzuki first quarter earnings up by 114%
Comes after sharp rise in volumetric growth, reports Topline Securities.
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Market watch: Index ends week on a high
Benchmark 100-share index increases 318.38 points.
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Broke-raging clients: KSE writes to brokerage house, wants investors’ requests met
Tells ACE Securities to facilitate share transfer, cash withdrawal needs.
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UBL profit surges 36.8% in first quarter
Declares interim cash dividend of 30%.
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Overseas Pakistanis: About 70% of remittances come from Middle East
NBP official says awareness of legal channels is being spread.
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Petition withdrawn: KASB Bank clarifies change in management rumours
Statement says no directive received; comes after massive trading and increase in stock price.
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Reforming the power sector: IFC hired financial adviser for GEPCO, Jamshoro Power Company privatisation
Both companies in line for privatisation process; PSM consortium decided.
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Load-shedding to end in 2017 thanks to Chinese investment: Khawaja Asif
Minister of water and power denies claims of kickbacks, commissions in energy departments
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Developing agriculture: Kabul to replicate UAF model
Afghan envoy also called for deepening ties between the two countries in agriculture and education sector
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Foreign currency: Reserves up 5.1% week-on-week
SBP’s liquid foreign exchange reserves increased $605 million to $12,364 million
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Corporate results: Shell Pakistan suffers loss of Rs753m
Inventory loss main reason for earnings dilution.
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Corporate results: OGDC’s profit slides 15%
Announced a cash dividend of Rs1.75 per share
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Corporate results: K-Electric’s profit jumps 83%
Cost of electricity purchased from the national grid and independent power producers also came down 24%
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Corporate results: Lucky Cement records profit of Rs9.3b
Earnings grow due to low energy costs and tax rate.
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Corporate results: Allied Bank’s earnings rise 30% in 1st quarter
Makes Rs4.2b profit due to surge in core income.
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Market watch: Amid profit-taking, bourse records marginal drop
Benchmark 100-share index falls 33.91 points.
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Expanding foothold: Bestway takes control of Lafarge management
Becomes largest cement manufacturer as capacity reaches 8m tons per annum.
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FBR bars commissioners from granting stay orders
Says it creates hurdles in achieving revenue targets.
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Budget proposal: CMOs highlight issues of taxation plaguing telecom growth
Ask FBR to treat sector as industry, rationalise FED and withholding tax.
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Formalising the economy: FBR looks to promote use of plastic money
Proposes that cash withdrawals over certain limit should be curbed
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Labelled ‘petroleum product’: LNG prices to be revised every month, says ECC
Bengali terms decision ‘unconstitutional’; bailout package for PSM approved.
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Wider benefits: CPEC to boost business activities in Central Asia
China is relocating industrial units to Pakistan.
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Harassment: KCCI asks PM to cut powers of tax officers
Says the business community is suffering at the hands of bureaucrats
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LNG import: Parliamentarian clarifies row
Under the rule, govt did not need to take any approval from the board for importing LNG, says parliamentary secretary
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Corporate results: Meezan Bank’s profit increases 18.7%
It earns Rs1.3 billion in January-March quarter.
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Restructuring: SECP chief backs Islamic financing
Discusses plans to enhance Shariah compliance in capital markets.
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Market watch: Banks lead charge as index marches close to 33,500
Benchmark 100-share index rises 454.87 points.