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Weekly Review: KSE-100 closes flat after eventful week
Initial losses were covered by gains later in the week.
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Market watch: Market registers moderate gains in last session for week
Profit taking triggered by concerns over depleting forex reserves.
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The domino effect: PSO’s bankruptcy could sink the economy, MD says
PSO’s business dealings involve multiple sectors, increasing risks.
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Microsoft developing plan for broadband growth
Believes Pakistan should be among its top 10 markets.
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Inflation: SPI down 0.36% during week
SPI for the lowest income group has registered a decrease of 0.54% over the previous week.
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Pipeline sabotaged: Scheduled gas supply to Punjab stops
SNGPL has sent technical teams to repair the line and gas supply will be resumed on Monday.
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Textile industry braces for criticism at today’s meeting
Its power units got cheap gas, but sold electricity at high rates.
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Pakistan Tobacco records 202% higher profits over last year
Higher turnover and lower expenses lead to stellar earnings for company.
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Profits shoot up as Nestle’s margins grow
However, figures show slowest quarterly sales growth since 2010.
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Pak Refinery works on $440m plant upgrade
Petrol output will rise 100%, clean diesel will be produced.
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Corporate results: Banking sector off to a rocky start in 2013
Four banks announce their results, including Habib Bank, which saw a decline in revenues and profits.
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Revamping the tax regime: 16% sales tax on building materials likely
FBR will collect Rs20b by withdrawing the tax adjustment facility.
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First of its kind: PSO inaugurates ‘community-owned fuel station’
PSO to open outlets in underdeveloped areas, the dealership of which will be extended by company to local residents.
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Price slump sparks interest among gold jewellery buyers
Investors are cautious as they see further volatility.
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Microloans can generate more employment opportunities
Small business, established through microloans, can also alleviate poverty.
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OGRA revises wellhead gas prices for OGDC fields
Analysts express dismay over the announcement.
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EFOODS’ QoQ earnings fall on lower seasonal sales
Profits are, however, an impressive 34% higher over the previous year.
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Audit exercise: OGRA to determine where deemed duty went
Oil refineries collected the duty, but failed to upgrade plants.
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Market watch: Foreign buying directs investment flow
Benchmark KSE-100 index gains 220 points.
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Increasing revenues remains a Gordian knot as officials discuss reforms
Taxpayers identify issues with taxation system in meeting with authorities.
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Corporate results: Indus Motor’s profits register slight improvement over last quarter
Earnings are still 40% lower YoY due to lower sales and cash advances.
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UN asks Asia Pacific to shun ‘stabilisation policies’
Targeted at lower deficit and inflation, these policies restrict development as well.
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EU tighten rules on ship-breaking industry
New laws say EU-registered ships must go to EU-approved facilities if they are to be broken up for scrap, recycling.
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Amnesty scheme: Verification of non-custom paid vehicles kicks off
Rigorous process making it hard to legalise stolen cars.
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Threat: Mills to disregard outages plan
APTMA register FIRs against government officials if they tried to stop gas supply or resort to load-shedding.
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Cross border trade: Indian businesses eager to trade with Pakistan
Granting an early MFN status to India would greatly help in increasing the trade between the two nations, says Munir.
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After exports, Sadaqat Ltd turns attention to domestic market
Textile conglomerate to launch KHAS retail chain this week.
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Mobile financial services: Visa to launch innovative product in expanding market
It will not be specific to a particular bank or cellular service provider.
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Industry to create awareness on benefits of insurance cover
Meeting held exactly one day after quake rocks Pakistan.
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60% of people face food insecurity
Call for promoting food processing industry to address the challenge.
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Corporate results: DG Khan Cement doubles profits in first nine months of fiscal 2013
Cement producer to invest $10m in India to establish silos to improve exports.
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Market watch: Index closes in the black in mixed session
Broad rally pulls market into positive territory.
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Major reshuffle in top FBR positions
Govt issues notification for transfer and posting of 15 officers.
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Pakistan Economic Forum: Experts highlight agendas for future economic policy
Forum organised by Pakistan Business Council to discuss key policy issues in the run-up to the election.
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SMEs: Access to finance for small businesses to be encouraged
SBP and SMEDA agreed to make joint efforts for facilitating access to finance for SMEs.
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Stakeholders: Najam Sethi emphasises role of private sector
Trade activities could be promoted by making SAARC Chamber more effective and vibrant, says Sethi.
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Easypaisa launches branchless banking savings product
Savings plans will offer a maximum return of 9% to customers.
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For Attock Group, refinery wing grows, petroleum, exploration drag profitability
Attock Refinery and Cement see significant rise in earnings; Petroleum and POL close lower.
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FBR forms committees to boost falling revenues
Task forces will suggest measures in a report in the next 10 days.
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Market watch: Stocks witness second day of heavy selling
International developments bear heavy on local investors.
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Petroleum products register increase in production
Strong growth in manufacturing sector drives up petroleum production.
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Revenue collection: Sindh’s interim finance minister sets his targets high
Says he can increase provincial revenues by 400% in two years.
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Govt to release Rs20b for fuel supply to power plants
Meeting agrees on a short-term plan to reduce power outages.
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Expression of hope: Despite challenges, adviser believes economy is still manageable
Finance adviser briefs PM on his assessment of economic situation.
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One country, two economies
The official figures of GDP growth do not reflect the massive amount of black cash in circulation.
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On the road to modernisation: Sindh government wants Google services
IT minister shows interest in Google Drive, Google Apps, Google Cloud and Gmail.
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Gold registers biggest ever single-day fall, sheds Rs3,000 per tola
Analysts say the precious metal could go into free fall.
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IP pipeline: Iranian diplomat vows timely completion
110 million cubic feet of gas will be available to Pakistan per day under the project, says Darvishvand.
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SECP records 8% growth in new registrations
Registers 383 new limited liability companies in March.
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Higher expectations dampen Attock Cement’s profit jubilation
Better cement prices boost earnings despite falling margins.