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Plugging the leaks: Technology has its own rewards and pitfalls
Technological immersion brings with it many new situations that companies have never had to worry about before.
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Higher food prices here to stay: Analysts
From burgers in the US to sugar in Bolivia and chilis in Indonesia, food prices across the globe are soaring.
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The week in focus
NPLs of commercial banks increased by Rs34.2 billion in the first quarter of the current financial year 2010-11.
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Economic backbone: It’s none of your business
While Pakistan is not as bad when it comes to establishing businesses, it has not been as great as it can be.
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PIA dispels rumours regarding strike
PIA says all domestic and international flights will operate on schedule, there will not be any disruption of flights.
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Plight of the poor: Alternatives to subsidy
What are the alternatives, if any and how can they be effectively provided to the deserving?
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Bankers beware: How to prevent the next financial crisis
The year 2012 is expected to bring another severe financial crisis, unless the banks are smarter this time around.
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Devolving power regulation
Devolving power regulation has added advantage of rewarding regions with lower rates of theft with lower tariffs.
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Transportation: Malaysian consortium to invest $1b
International Investment Consortium interested in projects based on public-private partnership.
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Government urged to review monetary policy
Consultation with business community needed to solve economic problems, says Pakistan Computer Association President.
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Textile industry likely to meet export target
Government fixes textile export target at $14 billion for current fiscal year.
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Selection process under way as IMF panel head resigns
Youssef Boutros-Ghali resigns as head of International Monetary Fund’s main policy steering panel.
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Rupee firms against dollar during the week
Currency likely to stay stable until the end of the quarter.
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Cement industry eyes new destinations as exports fall
Cement industry leaders identify Iraq, Sri Lanka and African countries as potential export destinations.
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Weekly review: Mixed week at the KSE as market ends with a 0.4% decline
Index falls 1.8% in first three days, only to bounce back in the final two.
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ADB to lend $36.8m to country’s first private wind farm
Project, to be completed in 2012, will provide 56.4 megawatts electricity as compared to current 6 megawatts.
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ADB to lend $36.8m to country’s first private wind farm
Power generation capacity will increase from six to 56 megawatts.
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FBR to acquire data of 0.7m rich people
NADRA, car makers, banks, airlines and housing authorities to provide information to FBR.
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Trade: Exports to China grow by 37 per cent
The total volume of trade between Pakistan and China in 2010 rose by $2 billion to $8.7 billion.
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Pakistan eying export of vehicles
The automobile sector has a capacity to produce around 270,000 vehicles per annum.
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Association demands creation of drug regulatory authority
PPMA wants regulation to deal with issues of pharmaceutical industry raised after 18th amendment.
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Sindh to miss wheat harvest target
Federal and provincial governments to ensure that the province is provided with its share of water.
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Power shortages: 'No reports about closure of industries'
There was no information that non-availability of furnace oil had caused the closure of power plants.
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Cotton prices rise to fresh high
New York market, domestic demand push up prices.
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Utility Stores cuts sugar price by Rs5 per kg
USC plans to open 200 new outlets in both rural and urban areas.
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Chief minister for efforts to encourage investment
Investment board urged to focus on power generation.
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Oil and gas: Attacks disrupt production at two fields
Armed men attack a vehicle carrying employees, gun down one person and injure another.
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Market watch: Launch of leverage product news excites investors
The KSE-100 index ended 55 points higher on Friday.
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PIA: Government turns down request for bailout
Airline asked to come up with a viable business plan.
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Chinese firm to help KESC generate power from coal
KESC signs MoU with Chinese firm Global Mining Company which will fund alternate energy projects.
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ECC to approve new trade policies
Govt to push exports of agricultural goods, value-added textiles.
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‘Pakistan safest country in terms of food security’
Federal Minister for Food and Agriculture says production of main food crops much more than actual consumption.
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Byco Petroleum losses decrease
Byco Petroleum’s net loss drops 41% to Rs1.14b in first half of fiscal 2011 compared with last year.
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PIA MD says only 4% passengers will be shared with Turkish Airlines
PIA defends proposed alliance between PIA and Turkish Airlines, says move will help regain lost passengers.
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Commodities exchange: Contracts worth Rs44b traded in January
Exchange sees rapid increase in business this year.
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Forex reserves rise to record $17.38b
Rupee weakens, overnight rates flat.
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Jute mills fined Rs23 million
Competition Commission penalises jute mills association to discourage cartelisation, malpractices in corporate sector.
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Sindh govt approves marble city
Project expected to boost exports to $500 million.
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Government to purchase 6.5m tons of wheat this year
ECC committee to review wheat procurement policy sets support price for farmers at Rs950 per 40kg.
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Meat One continues to expand retail outlet base
Despite rampant food inflation and economic slowdown, business is good for Meat One.
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Profits of refineries to fall at least 13%
Analysts expect duty revision to 5% from 7.5%. Govt will be forgoing Rs8b a month if deemed duty is abolished.
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LPG prices fall by Rs15 per kg
Domestic markets follow international price reduction.
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Market watch: Bears leave the market after four days
KSE-100 index ended gained 117 points higher on Thursday after central bank report on state of economy.
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Cabinet body withholds equity-linked bond issue
Decision to issue equity-linked bonds withheld due to increased cost of insuring sovereign debt.
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2011 will be year of exports: Amin Fahim
Commerce minister says that with increased focus on regional trade, 2011 will be good for exports from Pakistan.
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City-wise inflation: Peshawar tops
Inflation in other capital cities was lower than the overall CPI inflation.
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Rabi Crops: Better water availability may improve harvests
Floods and extended heavy monsoon rains raised the underground water table and soil moisture level.
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Concessions: WTO delays vote on EU trade breaks to Pakistan
EU plan to grant trade concessions to Pakistan suffers setback.
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Market watch: Deemed duty uncertainty haunts stock exchange
Benchmark 100-share index falls 31 points, volumes drop to 10-week low.
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SBP moves ahead with debt relief for war-hit districts
Move part of govt’s efforts to stimulate affected areas.