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Power crisis resolved, new set of reforms soon: Qamar
The Water and Power Ministry will present the recommendations in the next cabinet session.
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Tax collection target: FBR gets the job done one way or another
Experts raise eyebrows over mismatch in growth rates of sales tax at import stage and customs duties.
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Increase in petrol price: Court issues notice to OGRA
Local advocate files petition saying rise in petrol prices is against Article 9 of the constitution.
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Turkey offers Pakistan joint ventures
Expresses interest in textile, construction and energy sectors.
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Pakistan Petroleum Limited: Employees’ share in company distributed
This is the first time Zardari distributed Besos certificates among employees of state owned entities.
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Engineering design: WAPDA awards contract for Dasu power project
Nippon Koei of Japan, Dolsar Engineering of Turkey to work on Dasu hydropower project.
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Quarterly review: Steepest fall in 11 quarters
Karachi Stock Exchange’s benchmark 100-share index lost 5.9% in value during the third quarter of 2011.
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Engro increases fertiliser price on gas outage
Other companies expected to follow suit.
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Fertiliser companies: Restoration of gas supply demanded
Curtailment is likely to increase urea shortage in Rabi season.
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Pakistan Steel considering mortgage financing as last option
Mill expects to raise Rs16b to be used to buy raw material.
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Oil marketing companies: Profit margins up 10%
Increase in petrol and diesel prices comes as a blessing.
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Fahim terms India visit successful
Delhi has agreed to support European Union duty waiver for Pakistan.
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Irregularities in banks: Senate panel meeting put off for third time in a row
Committee members suspect that postponement a move to protect the corrupt.
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Marketing companies win: LHC suspends clauses of LPG Policy 2011
Petroleum ministry decides to move Supreme Court against decision.
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Market watch: Stock market follows global market trend
KSE’s benchmark 100-share index drops 54 points.
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Inflation drops to 22-month low on new formula
Experts believe State Bank may cut policy rate.
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OGDC decides to stop entry of politically-backed appointee
State-owned oil and gas explorer to amend deputation policy
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LHC suspends tax on LPG
The court has also suspended the implementation of the LPG policy for 2011.
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Women entrepreneurs: Government urged to facilitate businesswomen
"Businesswomen should be given relaxations so that they can play their due role in the development of society," IWWCI
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Revenue generation: Existing income tax laws need simplification
Economists say IT Ordinance 2001 has not improved collection.
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Safe haven: Rise of gold stalls on the dollar
Precious metal loses out as confidence in greenback returns.
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Taking a hit: Indian rupee a victim of global turmoil
Currency among the weakest performers in the region.
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The week in focus
Last year around 11.7 million bales of cotton were produced. This year 15 million bales were expected.
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Pakistan Railway: Cargo service comes to a virtual halt
Freight trains historically accounted for 60% of profits.
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Law of unintended consequences: Soaring gold prices prop up artificial jewellery industry
Many imitators are improving the quality of their product and exporting it.
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Standing floodwater worries growers
Farmers complain of difficulty in obtaining loans from Sindh Bank.
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‘Heavy use of pesticide causes many deaths’
Farmers spray 10-15 times more than required amount.
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‘Integrated information key to better supply chain’
Conference on Supply Chain and Logistics held.
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Pak Suzuki increases prices of all models
Rates have gone up in the range of Rs14,000 to Rs30,000.
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Govt plans young entrepreneur conference
President assures industry of providing all facilities.
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Revenue generation: Govt formally decides to tax Gilgit-Baltistan
G-B finance minister opposes the move, terms it a conspiracy against the region.
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CORPORATE CLASS: National Group wins all six seats
Fifteen candidates were in the run for six seats of Corporate Class for a one-year term.
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Faisalabad Chamber: Tussle between rival groups continues
Founder Group boycotts elections alleging registration of bogus members.
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Utility Stores Corporation to open 2,000 stores
New outlets to create job opportunities.
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Jhang district: Wheat to be cultivated over 650,000 acres
Jhang DO said the agriculture department had formed a strategy to provide guidance and information for the growers.
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KP, FATA: $6m grant approved for capacity building
Project aimed at improving services in K-P, FATA and Balochistan.
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Oil and gas: SSGC utilises all resources to explore reserves
Deputy MD SSGC said that apart from natural gas, work was in progress on the use of LPG, CNG and other gases.
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Coal project: Canadian firm commences work
Commenced on its coal project in Pakistan where Cooper holds a 60% interest in AJK Coal Mining Co. (Private) Ltd.
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Tax revenue: First quarter collection stands at Rs352b
Target likely to be met when final figures come in.
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Discouraging investment: Profit rates on savings schemes reduced
Returns come down following drop in bond yields and slowdown in inflation.
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Tourism industry: ‘Non-professional government attitude caused decline’
Corruption, not terrorism, root cause of dismal tourism in Pakistan.
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Market watch: Climb continues for fifth straight day
KSE’s benchmark 100-share index gains 120 points.
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Gas supply: SSGC, OGRA put on notice by court
Respondents were put on notice for October 5 in a miscellaneous application filed by KESC on Friday.
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Bump it up: Petrol price increased by Rs4 per litre
Petroleum levy on CNG delayed as ECC approval awaited.
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5.6% price increase in 30 commodities
FAFEN monitors collected prices of 52 commodities in 81 districts.
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Forex: Reserves fall to $17.38b
Reserves held by the SBP declined to $13.74 billion from $14.12 billion.
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Market watch: Stock market gains in volatile session
KSE’s benchmark 100-share index rises 17 points.
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Bumper kinnow crop expected in 2011-12
Modern farming techniques and heavy monsoon boosted yield.
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Court suspends LPG policy implementation
OGRA barred from increasing prices to match international rates.
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Fallout from bailout: No more budgetary support loans until IMF approval, says ADB
Country head asks Pakistan to adopt a broader outlook for economic growth.