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Cement sector’s fortunes continue to shine in fiscal 2013
Six-month profits equal preceding full-year earnings.
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PASSCO awaits government nod for wheat export
It is already releasing 1m tons in the domestic market.
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Market watch: Adverse security situation takes its toll on KSE
Benchmark KSE-100 index falls 53 points.
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Ministry has no funds to pay for furnace oil
Power producers have consumed more than allocated subsidies.
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In the throes of a crisis: Pakistan in critical balance of payments situation says ADB
Pakistan currently has enough hard currency to cover only about two months of imports.
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Govt rejects lowest bid for LNG import project, for a third time
Controversy continues as evaluators term the bid ‘non-compliant’.
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US sanctions may derail plan of oil import from Iran
Pakistan expresses reservations, Tehran promises workable solution.
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Taking big decisions: ECC approves freight subsidy on sugar export
Exempts loans for Karachi Circular Railway project from taxes, duties.
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Overdue appointment: SBP governor gets 2nd deputy after a long hiatus
Veteran banker Ashraf Mahmood Wathra brings 25 years of experience.
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Remittances initiative: Top exchanges to be included to channel remittances
Finance minister directs PRI to build a plan to meet $20b target.
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US-funded Tarbela restoration project complete
US envoy, WAPDA chairman inaugurate first phase of the project.
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Habib Metro Bank’s organic growth strategy off to a slow start
New CEO’s formula of branch expansion likely to pay off in the long run, but costly in the short run.
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Market watch: Security situation continues to guide sentiment
Positive sector-specific news, earnings save bourse from falling below 18,000.
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Corporate results: Despite flat revenue, Standard Chartered Bank’s profits rise
Lower provisioning for bad loans, controls on branch network expenses help growth.
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Model Petroleum Concession Agreement 2013: ECC likely to approve revised agreement
It will stimulate investment with new fiscal and operational incentives.
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Railways faces fuel crisis, wants credit limit doubled
Oil suppliers have not implemented govt’s decision of doubling diesel credit limit.
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A step forward: Pakistan, Iran to sign MoU for oil refinery on March 11
This may encourage China to revive its refinery, pipeline plans.
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Pakistan 3rd-highest user of freelancer as self-employment rises
Company, spurred by strong growth, launches dedicated Pakistani portal.
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Populist decision-making
Government has been making economically unwise decisions like subsidising power, removing NTN to buy a car and so on.
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Standard Chartered net profit flat in 2012
Slower economic growth in markets, such as India and China, was one of the factors that dragged down performance.
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Google controls too much of China's smartphone sector: Ministry
'Google discriminated against some Chinese companies developing their operating systems by delayed sharing of codes'
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Market watch: Stocks close down amid violence in Karachi
Market witnesses subdued activity on day of strike.
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Cement exports grow at healthy 15%
Domestic sales remain stagnant, edging up only 1.16%.
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Non-banking financial sector reforms introduced
SECP invites public feedback over proposed changes.
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Bank of Khyber profits cross Rs1 billion for the first time
Lowering provisioning, growing deposits help the bank cross key psychological benchmark.
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Coca-Cola announces $379m expansion plan for Pakistan
Company to establish three more bottling plants across the country.
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Corporate results: Bank Alfalah earnings rise, but outlook remains uncertain
Deposit growth slowing down; profits rise on lower provisioning, stock market boom.
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Tube wells: Ministry seeks 8 hours of power supply at subsidised rate
Will send summary to the Council of Common Interests for approval.
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Diesel price may be raised to generate funds for refineries
Money to be used to upgrade plants to produce Euro-2 compliant fuel.
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Big promises: PTI vows to create 10 million jobs in industrial policy
Unveils the policy with promises to shun aid, bring back illegal wealth from offshore accounts.
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Out of style: Traditional targets like banks, oil sector no longer the first pick
Mid-career applicants seem to think NGOs and telecos offer the most growth.
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Six villages get solar power in corporate-funded project
‘Lighting a Million Lives’ campaign will cover 4,000 villages.
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Angry Businessmen: ‘Taxes levied on export sectors unacceptable’
Business community says they will not pay any utility bills or taxes if the subject SROs were not withdrawn.
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Samsung looks to capture Pakistan through heavy advertisement
Company keeping its focus on market for home appliances for now.
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Capturing markets: Habib Asset to introduce popular pension funds
Industry assets under pension funds have risen at annual rate of 45%.
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Imtiaz Super Market’s new store seeks to capture upscale markets
Local supermarket chain introduces new services in more spacious outlet.
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Rampant electricity theft: Private sector defaulters to be prosecuted by NAB
Government to forward cases older than a year and a half to corruption watchdog.
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Weekly Review: KSE-100 gains foothold above 18,000-point barrier
Strong corporate earnings and foreign inflows propel market to record high.
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Only 900,000 people pay taxes: Mandviwalla
Budget for the year 2013-14 will be prepared by the new elected government, says Mandviwalla.
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Judge slashes $1b Samsung-Apple penalty in half
A jury had wrongly calculated the damages.
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Petroleum price hike to be revoked on Ashraf's orders
Increase of Rs3.53/litre on petrol will be revoked as per the prime minister's order.
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Four electricity import proposals under study: Government
Minister Mukhtar says that the Kalabagh dam would help in addressing load shedding and flood alleviation.
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Yahoo to shut down seven products, including Blackberry app
Yahoo said its app for Blackberry smartphones would no longer be available for download, or supported by Yahoo.
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Textile industry: Sector wants more gas as weather gets warmer
Punjab’s textile industry got gas for five days a week in summer.
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Cement sales: Indications of seasonal uptick
Exports sales rebounded strongly in February with a MoM jump of 29%.
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Shepherds take lessons from Australian counterparts
Aim to implement modern techniques within their own farms.
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SECP fines Pak-Qatar Family Takaful for deceptive marketing
Equity watchdog asks company to pay Rs800,000 within 30 days.
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Defaulters continue to get uninterrupted electricity
Govt is missing in action as outstanding dues touch Rs200b.
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Market watch: Foreign buying, lower inflation drive KSE up
Benchmark KSE-100 index gains 12 points.
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Core inflation eases, but experts raise eyebrows
Ministry officials attribute the decline to stagnant house rent.