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Trade : Rising crude oil prices pressurise import bill
Rising international prices of crude oil have nearly drained the country’s external accounts.
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TRADE EU parliament approves concessions
“Within the EU this has been a British lead initiative in council, commission and parliament."
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Market watch : Massive selling pulls bourse down
Massive selling by foreigners in the last hour hit the broader market hard.
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CCP asks businesses to help expose unfair practices
“The commission’s compliance-oriented approach has started producing positive results."
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Curbing smuggling : FBR asked to strengthen customs control
The representatives of KCCI were speaking during a presentation to FBR Chairman Salman Siddique.
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Gul Train Project moves forward
Pre-feasibility study of the project to be completed by the time of Zardari’s visit to Turkey in April.
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Pakistan, Uzbekistan to discuss market opening later this month
Pakistan and Uzbekistan may trade off concessions on opening of markets and transfer of prisoners.
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Highway to internet hell
Our information superhighways may be suffering from the same ailment as earth: overcrowding.
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WorldCall gets $35 million loan
Losses of the company tripled to Rs1.5 billion in 2010.
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Merger: Wind Telecom acquisition by VimpelCom approved
Competition Commission issues conditional approval.
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Car makers pass on duty increase to consumers
Two car makers – Pak Suzuki and Honda Atlas – officially announced increase in different variants of their cars.
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Market watch: Bullish activity at bourse, index up 64 points
Trading volume rises to 117 million shares.
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NEPRA allows tariff hike for three distribution firms
Provincial govts insist that this ‘unconstitutional body’ should be dissolved forthwith.
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BOC Pakistan to change its name
BOC Pakistan Limited, a member of The Linde Group, has proposed to change its name to Linde Pakistan Limited.
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Resignation: KASB Bank CEO quits
Manzoor served for seven months after joining the bank in August 2010.
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Businessmen oppose new taxes
Pakistan Business Council calls for long-term measures.
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‘Lack of security to force closure of FAP terminal’
Contract workers and terminal operators dispute remains unresolved.
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Tackling economic challenges will put country on the right track: Memon
Legislator asks govt to switch to a productive job creation strategy.
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Foreign exchange: Reserves rise to record $17.61 billion
Reserves held by the central bank rose to $14.19 billion from $13.97 billion.
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India moves to improve trade with Pakistan
Checkpost to be set up that will be operational from April.
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Current account deficit inches higher to $98m
Surplus in February offset by bigger-than-expected deficit in previous month.
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Pakistan Web Awards: Tribune.com.pk wins second prize
Platinum Award (2nd Position) awarded to Tribune.com.pk in the category "Press & Media".
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Onion export to Afghanistan banned
Customs officials have stepped up vigilance at border towns to control the smuggling of the commodity.
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Indus Motor increases vehicle prices
Rise in excise duty, high input prices cited as reasons.
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Businessmen slam flood surcharge, withdrawal of tax exemptions
Industrialists and businesspersons reject flood surcharge and ordinances that withdrew sales tax exemptions.
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Safe City Islamabad: Project dropped after challenge in court
Top decision-making body drops multi-billion-rupee project envisaged to secure Islamabad.
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Market watch: Stocks fall on new tax measures
Continued selling pressure kept the local market depressed, despite improvement in regional markets.
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Salary controversy: Civil aviation officers hold nationwide protests
CAA staged protests to press government to approve a revision in their salary scale.
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Engro to list subsidiaries on bourses
Engro Corporation is planning to list its subsidiaries at local stock exchanges this year.
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Strategic wheat reserves: Govt to cut stocks by 2 million tons
Government approves Rs165 billion sovereign guarantees for procuring 6.6 million tons from farmers.
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12% adults have access to formal banking
World Bank study suggests only only 24 million people hold bank accounts.
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Automated cargo clearance: FBR may purchase PaCCS by end of March
FBR expected to quote price to Kuwait-based logistics company Agility for purchase of its software.
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Government still likely to miss revenue target by Rs37b
Despite levying new taxes, government still dependent on FBR to bridge deficit.
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Govt moves to plug gaping budget deficit
Ordinances aim to collect an additional Rs53 billion through flood surcharge, withdrawal of tax exemptions.
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Civil aviation officers demand salary increase
The Civil Aviation Officers Association Pakistan has announced that it will stage a series of protests starting today
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Trade with Kyrgyzstan to be enhanced
Pakistan is expected to sign trade agreements with Kyrgyzstan in coming days.
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Textile exports: Turkish govt approached to seek duty exemption
Embassy of Pakistan in Ankara approached Turkish high-ups, seeking duty exemptions for textile exports from Pakistan
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Leather exports: Concern voiced over delay in duty drawback
The delegation, led by PLGMEA Chairman Fawad Ijaz Khan, met Collector of Customs (Exports) Ibrahim Vighio.
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Standard Chartered selects new Islamic banking head
Standard Chartered Bank Pakistan has announced the appointment of Azhar Aslam as the Head of Islamic Banking.
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Appointments: Abu Dhabi group gets new president
The Abu Dhabi Group has appointed Atif Bajwa as president of the group in Pakistan
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Investment flows slow down in February
Foreign direct investment (FDI) in the country continued to fall in February.
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Bank lending to small businesses declines Rs100 billion in 3 years
Bank credit to small and medium enterprises declined from Rs437 billion in 2007 to Rs334 billion by December 2010
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Market watch: Regional market tremors reach local bourse
The stock market plunged as the bourse felt regional market tremors on the back of concerns of radiation leaks.
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Loan write-off : State Bank extends deadline for claim submission
The State Bank of Pakistan has extended by one month the deadline for submission of claims for loan write-offs.
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Power supply to improve as gas outages end
SNGPL was bound to resume full supply from March 16.
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Government to transfer assets to power distribution companies
Govt decides to transfer their assets to the managements in order to give autonomy to state-run units.
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Five important but costly projects set to be approved
The cash-strapped government is all set to approve five new but essential projects costing Rs64 billion.
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Pakistan, UK trade volume may cross $1.6 billion
The current $1.6 billion trade volume between Pakistan and the UK has vast potential to grow further in coming years.
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Govt to bring private sector on board
Board of Investment suggests deregulation of power sector.
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Chambers sign MoU with Business Council
They will send delegates and facilitate Pakistani enterprises in UAE.