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Pharma firms seek redefining of patent act
Withdrawal of data exclusivity clause can cause reduction in medicine prices.
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Rs129b released for development projects
PSDP target of Rs280b was reduced to Rs150b.
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Govt to clear major part of circular debt
PC official says power shortfall to be restricted to 4,000MW.
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LPG price raised by Rs10 per kg
Domestic market follows international trend.
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Economic team poles apart on new taxes
FBR proposes but finance ministry opposes.
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Power: ‘Industry suffers 14 hours of outages’
SITE chairman expresses concern over unannounced power outages in industrial areas.
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Post-flood reconstruction: Provinces asked to complete work by June 15
Minister calls for pre-emptive measures before monsoon.
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Exploration and production companies’ profits rise 26%
High global oil prices, better production provide support.
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Broadband internet companies cannot afford price wars
Qubee chief calls the service ‘different, difficult and dynamic’.
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Senate approves ‘toothless’ SBP amendment bill
Paper says central bank cannot restrict govt borrowing and take emergency financial measures.
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Market watch: Interest remains low, market drops 22 points
The Karachi Stock Exchange (KSE) 100-share index fell 0.18 per cent or 21.65 points to end at 12,035.89 points.
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Leather and textile FBR begins withdrawing concessions
Move comes as part of government’s bid to comply with IMF’s conditions.
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Entrepreneurs: AllWorld Network launches Pakistan 100
Pakistan Fast Growth 100, ranking for the most dynamic companies in Pakistan launched.
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Trade Boost: India’s tea exports to Pakistan hit record high
Exports to Afghanistan and Pakistan increased to 12.2 million kg from 7.4 million kg in the same period a year-ago.
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Government warned ahead of committing another mistake
Revenue Advisory Council terms proposed Rs1,952b tax target unrealistic.
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Weekly review : Earnings season pushes KSE beyond 12,000 points
Market closed at 12,057, up by 0.86 per cent over the previous week.
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Economic Advisory Council terms budget strategy ‘anti-poor’
Economists criticise government for not taking necessary steps to resolve crisis.
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PSO’s bank accounts unfrozen
Refineries stop supplying petroleum products to PSO.
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POL Prices: Petrol prices increased by Re4.85
Government issues notification.
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KESC billing goes online
Customers can now download their electricity bill from the KESC website.
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Ministry of Petroleum proposes rise in prices of petroleum products
Summary sent to Prime Minister Yousaf Raza Gilani for approval.
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PTCL net profit at Rs4.97 billion
PTCL has announced its financial results for the nine months ended March 31.
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Oil and gas sector: Top officials keep coming
Reshuffling and appointment of top executives continued in the oil and gas sector.
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Korean firms offer to generate 2,000MW
Delegation offers generating 2,000 megawatts of power in Sindh within the next five years.
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Market Watch: Index continues to climb, crosses 12,000 points
Oil sector in the limelight on back of earnings announcements.
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Corporate results: Profits all around
Pakistan Petroleum Limited’s net profit soared 45 per cent, Nishat Chunian profits surge 175 per cent.
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Coal gasification to meet energy needs: CM
Plant expected to start producing 5MW by May 15.
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Gold prices reach new peak
Rising trend expected to continue despite drop in demand.
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Tax collection : Rs30b shortfall expected in April
Total collection unlikely to exceed Rs120b against Rs151b target.
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Fertiliser sector seeks gas diversion from power plants
Wants power plants to be run on other fuels, offers to bear extra cost.
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Zardari calls for greater private sector involvement
President seeks private sector involvement in developmental projects.
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Oil production may more than double from field
Makori East-01 likely to start producing 8,000 bpd as two formations have entered into testing phase on the field.
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Economic agenda: Pakistan Business Council gets political parties on board
Body recommends import of LNG on a fast-track basis to overcome energy shortage.
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Analysis: For the economy, the song remains the same
Pakistan's economic problems are old, and the solutions proposed a decade ago are being proposed again.
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Pakistan gains on India's wheat, rice export ban
India's government holding stocks of almost 29 million tons of rice and 15.4 million tons of wheat.
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Denigrating Pakistan’s economic managers: IMF refuses to confirm or deny ‘liars’ label
Finance ministry officials admit tensions, tougher conditions for loan.
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Industrialists complain about prolonged power outages
Demand priority in electricity supply.
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New avenues: French giant focuses on Pakistan
French company Verlinde to introduce its lifting equipment and services in Pakistan.
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Data management : Virtualisation leads to cost savings: experts
As companies’ data management needs grow, data security becomes pivotal.
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Corporate earnings : Good day for majority of companies
Oil, cotton, petro-products, and consumer products companies post higher profits.
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Market watch : Activity slows down as index creeps up
Announcements of company results fail to attract investment.
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Fertiliser sales drop by 9% in first quarter
Gas curtailment, high prices take their toll on the sector.
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Electricity tariff: NEPRA allows Re1 per unit hike
NEPRA allows CPPA Re 1 per unit tariff hike over significant increase in the cost of power generation.
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President signs law to protect foreign investment
Step to bring transparency in settlement of investment disputes.
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Commercial imports: IMF disapproves of increase in tax rate
Government decides to increase the tax on commercial imports in a bid to boost tax revenues.
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TAPI gas deal likely by end of July
No deliberations held on price.
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‘Toothless’ State Bank Amendment Bill approved
Window of inflationary government borrowing from SBP remains open.
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NEPRA raises power tariff by one rupee
Increase comes as a result of the increase in the price of furnace oil.
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Motor oil: US producer enters Pakistan
Valvoline’s entire range of products such as coolants and motor oils will now be available in Pakistan.
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Council of Common Interests meets today
Diamer-Bhasha Dam, tight gas policy among issues to be discussed.