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Clampdown: Tax recovery drive gaining speed
The Excise and Taxation Department Sindh recovered a sum of Rs2.5 million as motor vehicle tax during recovery drive.
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Auto parts makers face liquidity crunch: PAAPAM
Lobby blames bike assemblers for delaying outstanding dues.
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Alternative energy: Government stresses swift completion of projects
Projects with capacity of 256MW will be ready by September 2014.
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Pakistani outperforms the globe in ACCA
Ali from Quetta scores 94% in ACCA F9 exam held in Dec 2012.
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Market watch: Positive election hopes trigger index to record high
Index surges on optimism over improved chances of economic shake-up.
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SECP constitutes Shariah Advisory Board
Board will help develop Islamic financial market and monitor compliance.
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KESC, Engro team up to build 600MW power plant at Thar
SECMC will construct the plant, while KESC will off-take power from it .
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Financial assistance: ADB loans $99 million for improving utility services
Sindh cities experience rapid population growth, lack of reliable infrastructure.
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The low-base effect: Investment in country dips to lowest in years
Bureaucratic red tape, uncertain environment drive investors away.
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Punjab achieves 16% of cotton sowing target
This year sowing is 16% higher than that during the same period of last year, says Dr Khalid Abdullah.
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FPCCI announces change up in management
President Federation of Pakistan Chambers of Commerce and Industry Zubair Ahmed Malik appoints new management.
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Govt appoints Riaz Khan as acting OGDC MD
Former MD faces charges of reinstating ‘officials involved in Rs320m oil theft’.
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SECP passes orders against insurance companies
Three orders issued against Takaful company, one against life insurer.
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Chairman may be removed despite State Life’s unprecedented growth
In the five years he led the company, many key indicators showed highest growth.
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House of Ittehad: Fashion chain to expand locally, globally to capture market
Chain received great market response encouraging it to increase presence.
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Market watch: Index continues to consolidate ahead of elections
Lack of major triggers made for a dullish close to the session.
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In a bid to expand SME financing, State Bank eases regulations
Move seen as first bid to allow banks to start lending to informal sector.
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In politicians, businesses find fickle partners at best
Lobbyists desist from publicly backing candidates due to fear of reprisals from opponents.
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Per capita income grows just 4.3% this year
Clocks in at $1,380 as total size of economy falls by Rs600 billion.
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Upheaval at the helm: Heads of OGDCL, GHPL removed
When contacted, Petroleum minister declined to comment on the performance of former OGDCL chief.
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Elections: Minister visits control cell
Oil and Gas Control Cell established to ensure continuous supply of oil and gas during upcoming elections.
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Tax refunds: FTO recommends uniform policy
FTO Dr Muhammad Shoaib Suddle recommends FBR to ensure uniform policy of issuance of refunds is followed.
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Investment: Acumen agrees to finance local power generation projects
Non-profit global venture firm announces first investment in growing rural energy sector of Pakistan.
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Blueprints of Bunji Dam complete
WAPDA, G-B government to also resettle the displaced in model form.
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Textile hub warns of economic meltdown
Say industries will shut down in four days if power shortage persists.
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Commerce ministry okays mango exports starting May 25
Unlike last year, date has been fixed to avoid losses and wastage.
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Meezan Bank launches branchless banking
Meezan Bank joins with Warid Telecom and Monet to launch system.
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Market watch: Bourse opens election week on positive note
Market flirts with new highs before closing lower.
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Hashoo Group to introduce modern lifestyles in neglected urban centres
Renowned hotelier steps into residential real estate fray.
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Karachi bourse set to introduce new regulations
Rules will ensure that minority shareholders have a greater say in case of share buybacks .
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New taxes likely after FBR misses revenue targets
Govt is scrambling to raise the tax-to-GDP ratio to a respectable level.
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Fear factor: ATMs insufficiently fed for fear of riots
As election approaches the ATMs of many localities get out of cash.
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Energy: Left-right political divide most evident in energy reform ideas
Parties agree on the diagnosis of the problem, but differ sharply on solutions.
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Reducing regulatory hurdles: Liberalising trade a low priority for most
Making life easier for businesses gets a mention in manifestos, but not much detail.
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Improving government efficiency: Local govt autonomy gets lip-service from politicians
Regional parties emphasise provincial autonomy.
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Fiscal responsibility: All parties want to raise taxes, none wants to say how
PPP has best revenue collection plan.
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Grading the manifestos: PML-N and PTI prioritise economy in their political agendas
Some parties ignore vast swathes of economic management altogether.
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Start killing off the channels
For the Pakistani television business to live, most of the news channels must die.
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Rogue traders and sponsors run afoul of SECP
It is commendable that the regulator has taken action against fraudulent companies.
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Bilateral Ties: Swiss business delegation in Pakistan
Members of the delegation were very impressed by the resilience and economic potential of this country.
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PIA looking to double share in mango shipments
Bulk of mango exports are handled by private, global airlines.
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Changing trends: Agri prices to rise in next five years, hurting growth in FMCG sector
KSE managing director says growth in agriculture likely to slow down after Pakistan joins IMF programme.
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A step ahead: Telenor Pakistan already gearing up for the 4G era
Even though 3G licence is yet to be auctioned, Telenor is upgrading its network.
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Palm oil imports to drop below $2 billion
Price in Malaysian market falls from $1,250 to $875 per ton.
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Weekly Review: KSE-100 crosses 19,000 barrier ahead of elections
Initial losses were covered by gains later in the week.
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Easing inflation
With inflation clocking in at 5.8 per cent, there is every likelihood that the SBP will further reduce interest rates.
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Challenges to come
Only the most concerted, sincerest effort will enable Pakistan to overcome economic, educational, health challenges.
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LPG price dips Rs7 per kg as demand drops
Marketing firms say prices have come down 30% since Feb.
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Cotton output falls far short of last year’s level
Production drops 12.8% on fears of rain damage, high input prices.
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SBP seeks public opinion on new banknotes
Launches survey on introducing Rs200, Rs2,000 and Rs10,000 notes.