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Trade protectionism: Rather than fix Steel Mills, bureaucrats blame China
Industries ministry wants tariffs on Chinese steel imports
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FFBL, Fauji Foundation to acquire Noon Pakistan
51% of issued and subscribed paid-up voting shares to be bought.
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Project achieves financial close with govt guarantee
Gul Ahmed’s wind power project will cost $131m, come on stream in late 2016.
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Not too rosy a picture: IPR takes a dig at ‘economic performance’
Explains how Pakistan still needs to do a lot more for growth.
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Market watch: Bloodbath at KSE as index falls another 721 points
Benchmark 100-share index finishes below 30,000.
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Moody’s downgrades ratings of five banks
Affected institutions include ABL, HBL, MCB Bank, NBP and UBL.
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CY14: Infrastructure finance up 16.7%, amounts to Rs297.8b
Investment of 6% of GDP not enough to ‘bridge gap’, says SBP.
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LNG import: Sindh CM terms move unconstitutional
Asks centre to immediately stop imports, refer matter to the CCI.
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Down memory lane: 24 years on, BCCI saga still haunts
KSE MD Nadeem Naqvi questions why bank was penalised so heavily ‘without much evidence’.
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Privatisation Commission: IFC’s involvement in HBL share acquisition unclear
Its board has not yet approved the bidding case, says govt official.
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Bailout programme: IMF approves release of $501.4 million to Pakistan
After the release of seventh tranche, the total disbursements under the programme would now reach to $3.7 billion
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Aviation policy: Govt to outsource airports to foreign companies
Govt to pursue bilateral open skies policy to create an environment of competition, gain new routes
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Rice export: Pakistan secures Chinese order for 1,500 tons
Delegation visits processing factory in Karachi.
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Agriculture: Minister urges academia to help resolve issues
Punjab government working to ensure food security.
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Quaid-e-Azam Solar Park: Solar energy’s 100MW to arrive in April
Entity’s CEO hopes of initiating supply after delays.
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Week-on-week: Foreign currency reserves fall 1.4%
Central bank reserves registered decrease of $159 million, now stand at $11,067m.
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Promoting exhibitions: Faisalabad, Delhi to bridge trade gap
Both countries will benefit from each other’s products.
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Accelerating growth: Industries ministry proposes auto research institute
It will provide services such as market analysis, testing and certification.
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Market watch: After a nosedive, index recovers but ends in the red
Benchmark 100-share index loses 407.4 points; lost 904 intra-day.
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Breakthrough: FSRU arrives at port, brings LNG with it
Floating storage and regasification unit docks at Port Qasim with 3000mmcf gas.
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Punjab zone: Sugar association wants interest-free loans
Govt should follow Sindh’s example, says provincial head.
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First strategic sale: CCOP approves Cargill Holdings’ bid for HEC
Price set at Rs250m, company to also take over all outstanding liabilities of Heavy Electrical Complex.
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Currency: Rupee remains stable against dollar
The currency market has stabilised over the past few months after experiencing extensive volatility
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Vocational skills: Textile ministry to provide training
The sources said that till date, 60 short trainings and seminars have been conducted
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Important resource: Gwadar Port, a necessity for region
The conference was organised by the Academy and Finance
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Shrinking demand: Industry seeks corrective steps as textile exports drop
Value-added products also show a decline in shipments.
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80% of olive cultivation project completed
1,500 hectares will be planted under the Italy-funded programme.
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Tarbela fifth extension: WAPDA to submit $795.8m plan for approval
Discusses cost estimates to ensure accuracy.
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Market watch: Bourse continues dismal run, tests 31,000 level
Benchmark 100-share index loses 224.22 points.
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Chinese firms show interest in PIA
Officials of a company look for prospects of joint ventures.
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Slowing down: Consumers lose interest in SIM re-verification
Number of SIMs verified per day falls by 80% as campaign approaches the deadline.
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Overseas chamber: OICCI chief terms foreign investment unsatisfactory
Offers help in establishing performance monitoring mechanism.
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LNG price being negotiated: petroleum minister
It will not be disclosed until finalised, Abbasi tells National Assembly.
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High energy cost: Gas price effect will not be massive, says CEO Engro Fertilizers
Says it is premature to quantify increase and its impact on industry.
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Foreign currency bonds: Improved rating outlook testament to progress, says Dar
Moody’s decision comes in wake of strengthened foreign exchange reserves.
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Pakistan in the process to offer NDMA to India: report
Pakistan is expected to reduce its sensitive lists to 100 tariff lines, according to WTO's Trade Policy Review report
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Monetary policy: Rate cut will help industry, says LCCI chief
Says reduction in interest rate was need of the hour
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Pak-Qatar ties: Businessmen asked to look for joint ventures
FPCCI expects Doha to help strike free trade accord with GCC.
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Tyre industry: ChemChina to buy Pirelli for $7.7 billion
Entity’s share price rose 5% over dividend payout rumours.
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Financial structure: Banking spread averages 5.89% in February
Improves 10 basis points from January due to reduction in deposit rates.
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Market watch: Another beating for the index
Benchmark index loses 489.53 points.
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Spreading its wings: Gras Group to set up Rs2b poultry processing plant
Investment aimed at providing processed and oven-baked chicken products.
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Trying to gain personally: Equity trader sacked for ‘leaking confidential information’
Asset management company fires employee for alleged Rs70-million fraud
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Guava exports: Vapour Heat Treatment to bear fruit
Initiative part of govt’s campaign to standardise exports, avoid EU ban .
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HEC privatisation: Govt hints at accepting Cargill Holdings’ offer
Seeks solid guarantees for picking up all liabilities of the state-owned company along with Rs250 million in cash
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Do more: Modest economic expansion likely this year too
GDP projected to grow 4.2% compared to target of 5.1%, says ADB report.
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New partnerships extend Microsoft's reach into Android
QMobile among Android device manufacturers to have Microsoft services like Word and Skype pre-installed
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Collaborative effort: S Arabia urges cooperation from non-OPEC members
All must contribute to improve prices, says oil minister Naimi.
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German businessmen: ECB’s bond purchase move challenged
Degenhart has already taken the ECB to court over previous unconventional policy measures
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Beijing visit: IMF head welcomes China-backed bank
AIIB has drawn mixed responses since being established.