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Inconsistent policies, distortions in tax system hinder growth
Former FBR chief stresses resource mobilisation, privatisation of state units.
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‘Friendly’ advice: Pakistan should ensure technology transfer while seeking assistance
FODP calls for redesigning donor, technical assistance programmes.
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Building the IP pipeline: Finance ministry gives last minute approval to ‘terms’
Tadbir Energy cannot start constructing pipeline until contract is okayed.
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Optical fibre: Wateen Telecom wins Sindh project
Optical fibre network of over 1,037 km to be laid in the southern telecom region.
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LPG sales: Court bars govt from giving preference to Sui companies
LHC suspends some clauses of LPG Policy 2013 until next hearing.
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Poverty alleviation : ADB pledges another $200 million for BISP
Bank’s mission is visiting Pakistan to identify more areas to support programme.
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Land revival: WAPDA initiates Rs8.6b project
Annual benefits of the project had been estimated at Rs1.68 billion.
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The ‘fag’ end of the deal: Cigarette industry suffers as contraband floods markets
Statistics reveal that the govt has also lost Rs80b in revenues due to sale of illicit, non-duty-paid cigarettes.
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Market watch : Last session under PPP-led govt closes in red
Investors stay sidelined due to obscurity concerning interim setup.
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Food and agriculture: Research associations lauded for their role
Dr Ahmad called establishing research strategies that outlined the objectives that had to be achieved.
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Unfamiliar approach: Pak Suzuki embarks on drive to lure customers
To offer certified used vehicles for sale over the weekend.
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SECP orders insurance companies to train their agents
Issues circular warning of punitive action if found in violation.
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World Bank approves $400m to support education programmes in Sindh
The program will support Sindh government's efforts to increase school participation and measure student achievement.
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Samsung unveils new champion in smartphone war
The new smartphones would roll out in 155 countries in late April.
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National Finance Commission: Provinces demand full share from divisible pool
National Finance Commission informed that shares have not been released in full.
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‘Amnesty scheme could expand grey market of vehicles’
CCP asks govt to withdraw forthwith tax amnesty for smuggled vehicles.
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Projecting the future: PTCL holds HR Conclave 2013
Conference held for the HR staff of the company.
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Market watch : Lack of triggers keeps bourse at bay
Benchmark KSE-100 index sheds 20 points.
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EU envoy signals Pakistan’s eligibility for GSP+ status
Says Islamabad should apply for the scheme in a timely manner.
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Thar coal: Coal extraction project launched
Total foreign exchange savings of the Thar project are estimated at being close to $50billion
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Byco refinery told to seek international safety certificate
OGRA refuses to allow refinery to start operations before getting NOC.
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ECC refuses gas supply to Engro at discounted price
Summary included diverting supply from Engro’s old plant on Mari gas to Enven .
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Trade and industry fair kicks off despite low foreign participation
Organisers cite security issues, political developments as deterrents.
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CFOs should interact with employees: ex-Engro chief
Conference discusses challenges faced by finance professionals.
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Pakistani exports: Government to spend Rs26b to promote trade
Government allocated Rs20 million for the promotion of women entrepreneurs, says Dr Sohail.
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Bank Alfalah, Warid launch mobile banking solution
Monet, Fundamo team up to release mobile money network in Pakistan.
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Pakistan’s furniture makers in need of international attention
Exports far below potential due to lack of exposure to global markets.
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UK aims to take bilateral trade to £2.5 billion
Assures Pakistan of cooperation in qualifying for EU’s GSP Plus.
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Textile sector comes out swinging against FBR’s new taxes
Says SRO 154 will discourage formal and registered textile units.
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Market watch: Across the board selling pulls KSE into the red
Volatility prevails, investors stay sidelined as index sheds 112 points.
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Private sector to implement the disputed Mahl Dam
Punjab, AJK governments were at loggerheads over the project’s boundaries.
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Textile sector’s profits multiply 12-fold
In FY13 to date, the listed textile sector has given 70% price return, outperforming the 30% return of the KSE.
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Power distribution: NA body highlights steps to improve performance
Recommends privatisation of power companies, removal of subsidies.
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A ticking bomb: ADB report warns of falling land productivity
Says rising salinity and deterioration of water quality will lead to serious problems in the future.
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Analysis: Iran-Pakistan pipeline a mutually convenient political stunt
Even if everything goes according to plan, Iranian gas will not flow into Pakistan until January 2015.
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Balance of trade: Gap between exports and imports narrows
Trade deficit shrinks 10% in July-February 2012-13.
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Going-away present?: Pakistan looking at LNG import from Qatar
Cabinet to decide today as both nations try to resolve price row.
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Private equity fails to make a mark in Pakistan
Only three dedicated firms registered with SECP, all of which are dormant.
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New Taxes: Yarn market shuts down indefinitely in protest
Ginners in Faisalabad are protesting against new taxes.
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Security clearance procedure relaxed for foreign investors
SECP to take on responsibility of registering foreigners.
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Market watch: KSE rebounds after earlier US fears of sanctions
Blue chips drive the market up 350 points, recouping Monday’s losses.
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Protecting Investors: Senate unanimously passes SECP Bill
The new bill would better assist the SECP in regulating investments made in the country.
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In tough times, business of security solutions thrives
German security equipment supplier eager to gain a foothold in Pakistan.
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Finance officials discuss future trajectories at 7th CFO conference
Company bigwigs discuss their changing roles within organisations.
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Secretary industries urges promotion of copyright laws
Says anti-piracy policies can help strengthen the economy as a whole.
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India’s industrial output posts surprise 2.4% jump
Manufacturing grew by 2.7 per cent in January from a year earlier.
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Electricity defaulters: NA tells WAPDA to ignore small defaulters
Committee lauded the government for fixing flat electricity rates for agricultural tube-wells.
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Value addition: Textile ministry to construct ginning research institute
Will also build business centres, model trading house in Multan.
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Only 2% of businesses are registered in Pakistan
SECP chief stresses the need for increasing company registrations.
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Smuggled vehicles: FBR to press on with amnesty scheme to legalise vehicles
Ignores concerns of assemblers and importers, who fear increase in smuggling.