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Deep divisions surface among officers of Planning Commission
Economic planning body gets stuck, economists demoralised.
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Corporate results: International gateway boosts PTCL’s earnings by a billion
Despite downward sticky costs, telecom giant opens the season for the sector with a bang.
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Market watch: Stocks slide after PTCL profits fall short of expectation
Telecom services provider witnesses drop in quarterly earnings.
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FBR concerned at drop in revenue collection
Chairman urges business community to work with govt for country’s progress.
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Negotiating the future: Pakistan to hold talks with IMF, US officials this week
Newly-appointed finance adviser, secretary to head delegation.
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The dispute: ‘Constructing the barrage is in violation of Indus Water Treaty’
“India has the Wullar Lake and does not need additional water storage,” says an official.
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Rules of engagement: India to be asked to arrange inspection of Wullar Barrage
Pakistan wishes to set this as a precondition for bilateral negotiations between water secretaries of both countries.
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What happened to those projects?: Unfinished business of 7 successive governments
Part of trillions reserved for development projects went either into black holes of corruption or are stuck in limbo.
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A Grand offering from Samsung
The phablet’s superior performance is overshadowed by its low-res display.
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How to save foreign exchange reserves?
A comprehensive policy is needed, instead of approaching IMF.
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EPZA: Enabling exports
The authority provides businesses a hub for industrial activity.
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Light at the end of the tunnel: We are not yet at the point of no return
Mere perceptions are putting a negative spin on the national economy.
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The contributions of our workers abroad
Remittances have now become a backbone for the Pakistani economy.
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State Life launches awareness drive for policyholders
Premium and investment income rises 18% to Rs89.7b.
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As others reduce presence, Etihad does well in Pakistan market
UAE carrier sees a lot of potential for air travel to and from Pakistan.
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Alternative Fuel: Experts urge adoption of bio-gas for power generation
Punjab can generate 5400 megawatts with biomass.
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Celebrity brand ambassadors become new marketing norm for lawn
Ittehad Textile hires Bollywood star, former cricketer to advertise its products.
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Allegations of influencing elections: Petroleum ministry strives to save MDs of gas utilities
Tells ECP they have normal contracts and only PM can fire them.
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Fiscal unsustainability: Economy showing mixed picture halfway into FY13
SBP releases report on the state of economy.
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Weekly Review: KSE-100 keeps climbing amid political uncertainty
Volumes dropped 33% as investors feared a delay in elections.
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ADB report on economy
Things are not as bad as ADB report projects them to be & it should be looked at in comparison with other indicators.
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KSBL conference: Business leaders share tip on how to make nations successful
Leadership and good governance can set Pakistan on a course of exponential growth: Hubco CEO.
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Gems and jewellery: Three-day exhibition inaugurated
With more stalls this year, exhibitors say that they are optimistic of more business opportunities in coming months.
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Study planned to promote solar water heaters
AEDB, World Bank join hands to encourage use of renewable energy.
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ICAP wants corporate tax regime modified
Body presents proposals for federal budget 2013-14.
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Country sees sudden surge in imports
Goods worth $4.3b purchased in March, deficit widens.
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Pakistan Steel Mills: PM rejects Rs11 billion equity investment in company
Forms committee to come up with proposals to revive the mill.
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Corporate results: Improved gas supply drives Fauji Fertilizer Bin Qasim to profitability
Manages to convert a loss of Rs387m into profit of Rs492m in January to March quarter.
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Market watch: SECP chairman’s removal breaks KSE’s bull run
Wait-and-watch attitude of investors pulls market down by 50 points.
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Amnesty ‘bears fruit’ as FBR registers 51,000 illegal vehicles
Majority of smuggled vehicles were registered in Quetta, Peshawar.
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Monetary policy: SBP leaves rates unchanged for now, hints at desire for cut
Statement highlights subsidies as one of the biggest macroeconomic threats.
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Power bills: Faisalabad-based businessmen move IHC against NAB recovery
NAB notification suspended.
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China to continue boosting spinning sector’s prospects
Analysts see strong growth for the sector as Chinese demand for yarn increases.
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SSGC to stop gas supply to KESC for delay in payment
Power firm says it will clear all dues if gas supply is increased.
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Forex: Currency reserves fall to $11.758 billion
Heavy debt repayments to IMF have been putting a dent in central bank’s reserves, which have declined by nearly 20%.
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Cloud computing can cut business cost by half
Microsoft holds awareness seminar on cloud services and their benefits.
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Attock Refinery to increase output
Signs contracts with Hyundai Engineering to upgrade facility, enhance capacity.
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SECP vows to press on with fight against manipulators
Says the regulator will not give in to pressure from powerful brokers.
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Neelum Jhelum Project: WAPDA aims to complete dam by 2016
Neelum Jhelum Hydropower Project CEO says out of total 67-km tunnels, 33 km long tunnels (49%) have been excavated.
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S Abdul Khaliq: 500-year-old mithai brand struggling to expand
The business is running a franchising scheme, which is a part of its expansion plans.
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Market Watch: Bourse gains despite lack of triggers
Benchmark KSE-100 index climbs 41 points.
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Oil and gas production: PSO to build $600 million oil refinery in K-P
Refinery, capable of producing 40,000bpd, is expected to be fully commissioned by 2016-17.
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Caretaking the economy
To be sustained over a long period, economic reform must be thought up, legislated, implemented by the elected.
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Siemens to cut over 3,000 global jobs, including in Pakistan
As many as 200 jobs in Pakistan to be cut as a factory is closed.
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Pakistan ranks low 105 on WEF’s Information Technology report
Pakistan falls for failed procurement of advance technologies, broadband cannibalising on individual internet users.
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Courses for specialisation: University to offer four new masters programmes
Tuition fee ranges from Rs164,250 per semester for a nine credit hours programme to Rs273,750 for15 credit hours.
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Narowal Power Plant: HUBCO demands release of Rs19b outstanding dues
The 225-megawatt (MW) power plant located in Punjab is completely shut down due to non-availability of oil.
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Monetary Policy: Textile millers demand rate cut
After SBP lowered its policy rate from 13.5% to 9.5% in last one year textile exports have increased by 8%, says Ejaz
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Textile sector asks outgoing envoys to build Pakistan’s image
Suggests promoting local products in their respective host countries.
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LUMS to diversify, introduce new discipline
After business, social sciences and engineering, now opening law school.