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Ministerial-level talks: Pakistan, Sri Lanka discuss bilateral trade
Lowering tariffs and starting direct shipping service discussed.
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Rains to have salutary impact on crops
Monsoon to boost production and save expenses.
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Another setback: Government postpones bond float indefinitely
Expert seeks explanation for wasting millions of dollars.
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Post-refund audit of Rs93b to start
FBR convenes 4th Chief Commissioners Conference on July 23.
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Dealers: Industry being driven towards collapse
Business tycoons and high government officials sabotaging the CNG industry.
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Norwegian firm to set up 500MW wind power project
Govt to offer incentives for setting up wind mills by 2012.
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Market watch: Bourse climbs to five-month high
Benchmark KSE-100 index gains 76 points.
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CNG price to be increased to 60% of petrol
Government, filling station owners agree on 12 per cent increase in prices.
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Govt faces difficulties in containing fiscal deficit
SBP's third quarterly report reveals the widening gap between revenue and expenditure.
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No free lunch: Welfare by the people for the people
The government needs to cut down on handouts.
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Talking business
Issue is the dispute between Engro Vopak Terminal Ltd and Lotte PPTA over the use of a chemicals jetty at Port Qasim
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A slow death: Energy crisis leaves Pakistan textiles in tatters
Once cotton kings, Pakistan now risks damaging its biggest contributor to export earnings.
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The bike shed effect
One gets the feeling our leaders have a bad case of the bike shed effect.
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KSE, not as impressive as it looks: Numbers don’t lie, or do they?
With 29% growth, the Karachi bourse seems like an ideal place for investment, but all is not as rosy as it appears.
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The week in focus
Is the country taking steps to gain a wider foothold in international markets by strengthening its competitiveness?
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Evolution from cost centres to revenue centre
If one can make money and help customers, so be it.
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Hydroelectricity projects: ADB agrees to provide $6b for Diamer-Bhasha dam
The bank may urge Pakistan to impose tax on water to be used for irrigation.
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Power sector efficiency: Spending $310 million to worsen performance
State-owned companies lose efficiency despite World Bank funding, unlikely to meet targets.
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Chicken prices skyrocket to Rs220/kg
Hot weather reduces life expectancy of chickens, resulting in decrease in supply.
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Sri Lanka-Pakistan: Free trade deal to increase exchange of goods
A delegation from Sri Lanka, led by trade minister Rishad Bathiudeen is due in Islamabad on Monday.
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Insects attack cotton crop in south Punjab
Pests thrive during ongoing rains and humidity.
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SBP moves to curb use of fraudulent cheques
Advises banks to improve internal control procedures.
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Cabinet Division approached: Ministry demands probe into illegal grant of CNG licences
Hussain says action will be taken against all.
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Brick kilns: Protests grip Punjab due to tax imposition
16% GST will destroy the industry and increase inflation says an official of the Kiln Owners Association.
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Gas price hike: Petroleum ministry waits for Gilani’s nod
Imported gas price expected to be 200% higher than wellhead prices.
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Weekly review: Stock market ends flat amid dismal volumes
Average volumes fall while foreign investors pull out their money.
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Exploiting lacunas: Add seats, baffle tax collectors, save duties
Tax experts differ with each other over novel classifications of vehicles.
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NEPRA allows KESC tariff increase by Rs2.79 per unit
Decision on account of changes in its fuel costs during first quarter of 2011.
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Campaign against tax evaders misses targets by 93%
FBR officials only able to collect Rs356 million; most taxpayers claim to have earned incomes abroad.
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Pakistan to contest rejection of EU package
To prepare line of action to win duty-free access to EU textile markets.
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Fund contribution: Court dismisses petitions of telecom operators
PTA suspends licences of five LDI operators.
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Action Needed: Government asked to take steps to restore gas, power
Gas and power loadshedding resulting in hosiery manufacturers unable to complete orders on time.
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Waste management projects: Malaysian firm keen to invest in Sialkot
Projects to help industry combat environmental pollution.
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Indo-Pak Trade: India has spent INR15m at Wagah Border
Latest security scanners have been installed at all checkposts.
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Refining margins decline 20%
Naphtha spread narrows significantly to 30-month low.
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Transit trade: Insurance firms refuse to provide guarantees
No consignment has been cleared since accord came into effect: official.
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Sindh Revenue Board: Collection target set at Rs25b for 2011-12
Last year FBR had transferred Rs17 billion in sales tax to Sindh.
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Anti-trust law: Engro Vopak fined Rs10m for violation, PQA warned
Competition Commission asks Port Qasim to address concerns within set timeframe.
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PARCO increases LPG price
LPG marketing companies are expected to import over 6,000 tons.
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Market watch: Financial year starts on a low note
Volumes fall to nine-month low.
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Long-term financing: State Bank raises lending rates by 150 basis points
Borrowers will have to pay 12.5 to 12.7 per cent.
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Ministry wants more: ECC allows 13 per cent increase in gas prices for fertiliser plants
Some ministers oppose rise in fuel prices for fertiliser manufacturers, CNG outlets.
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Govt claims bullseye on tax collection target
Meeting the target may help restore the suspended IMF bailout programme.
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Managing the energy crisis: Gas diverted from CNG to industry, power sector
Petrol and diesel prices down, but kerosene prices stay the same as government increases taxes.
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CNG stations: Gas cut to create panic amongst commuters
Load management schedule to halt gas supply in the region thrice a week.
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Heavy lifter: Nestle contributes 26% to total KSE-100 gain
Consumer giant’s stock price jumped 228% in fiscal 2011.
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Fresh food items worth Rs50b wasted every year
Pakistan loses fresh food items worth Rs50 billion every year because of lack of preservation.
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Gas Price Hike: Move to have negative effect on industry
A 20 per cent increase in gas prices planned by the government is likely to have negative repercussions.
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Decision time: OGRA admits irregularities in relocation of CNG stations
Parliamentary panel to probe the scam to find out culprits.
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Pakistan, India: Petroleum committee fails to make progress
Indian companies keen to export oil to Pakistan.