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Voluntary separation scheme to meet target: HBFC
House Building Finance Corporation says transformation strategy will turn company into efficient, profitable entity.
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Cooperative Bank: Recovery of bad loans stressed
Minister for Agriculture and Cooperatives directed officers to make efforts for the recovery of non-performing loans.
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‘Pakistan can enter East Asia grouping with Indonesia’s help’
Indonesia's chairmanship of Asean the right time to achieve dialogue partner status for Pakistan.
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Khanani & Kalia case: US money dealer wants its money back
Respondents say transaction data cannot be retrieved.
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Irish firm keen to invest in trucking industry
Irish company, Harris Group, says it also intends to set up commercial vehicle testing centre.
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Potato traders eye drought-hit Russia
Russian market likely to import four million tons of potatoes from Pakistan,
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Global diversification: Engro acquires US-based food company
Engro set to enter halal food business in North America, signs agreement with Al Safa to purchase its food business.
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Karachi Stock Exchange: SECP nominates four non-member directors
The appointment takes the strength of the board to nine members.
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Market watch: Bulls take over stock market after a breather
KSE-100 index gained 85 points to end 0.7 per cent higher on Tuesday.
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Widening gap: Budget deficit may touch Rs1.4 trillion by June
Finance team briefs parliamentarians to ‘sensitise’ them on economic issues.
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Multi-billion dollar project: Controversial LNG deal scrapped by ECC
ECC orders retender of Liquefied Natural Gas import contract.
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Blissfully bankrupt
Breaking the bank - despite the economic crunch, wedding expenditures show no signs of abating.
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Results: Hinopak switches to profit from loss
Hinopak Motors Limited posts net profit of Rs59.6 million.
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Railway engines: Locomotives deal with US company raises eyebrows
The project’s proposed cost was at least 30 per cent higher than a similar contract awarded to a Chinese firm.
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MyBank, Summit Bank: Shareholders approve merger
Summit bank will acquire 59% stake in My Bank.
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Capital markets screaming for fiscal reform
Budget deficit cited as key risk to investors in equity, debt markets.
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Industrial development: Trade body to hold exhibitions for six sectors
Consultations with stakeholder's to come up with a strategy underway.
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Etisalat eyes takeover of local internet provider Nayatel
Interest from Chinese, Norwegian firms also expected.
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Siemens’ profit falls
Siemens Pakistan net profit dropped 44 per cent to Rs203.35 million in the quarter ended December 31, 2010.
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Karachi bourse: Brokers drop demand for member-chairman
Call for early approval of Security Bill 2010.
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Pakistan Petroleum profit soars 70% to Rs16.6 billion
Half year results break market expectations
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‘Power generation to rise by 826MW by year-end’
Diamer bhasha dam project to start next month.
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Liquefied natural gas: Government may invite fresh tenders for multi-billion-dollar project
ECC takes up the matter for deliberations today.
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Market watch: Index sheds another 61 points as volumes plummet
Turn over falls 46% to 109 million shares.
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Wholesale market: Sugar price falls to Rs65 per kg
Wholesale price of sugar came down by a rupee to Rs65 per kilogramme.
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Port Qasim to have ferry service soon
Alternate route to facilitate Bin Qasim Industrialists to be establishes.
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EU trade concessions: Prime minister seeks WTO clearance
European Union ambassador pledges support.
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Toyota beats GM to end 2010 as biggest automaker
Toyota's global sales rose eight percent year-on-year to 8.418 million vehicles, narrowly beating General Motors.
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Petroleum products: Committee constituted to tackle price issues
PM suggested formation of the committee a month ago.
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The week in focus
Besides political pressure at home, the government has to face the IMF delegation expected to arrive this month.
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Youth bulge: Innovation through new lens
Pakistan needs an annual growth of eight per cent to channel its massive youth bulge from becoming a liability.
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Talking business
Is economics finally in the driving seat, or are the country’s economic problems being politicised?
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Lessons from Buffett
Warren Buffett, Forbes’ richest man on several occasions, attributes his wealth to just a few key investments.
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Fiscal deficit: Government expenditure is not the problem
Why reducing the size of government ministries will not solve the fiscal deficit.
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Investment in education: New realities
It is not how much the government spends but how it spends that determines the quality of education.
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Three-tier policy: Govt pays Rs95b in electricity subsidies
The amount is more than six times the available fiscal cushion.
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The lunacy of the Pakistani wedding
From a financial perspective, this wedding culture of over-the-top nuptials could not possibly be more ruinous.
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NA body to review steel mills’ performance
Body decides to meet everything three months to review steel mills' efficiency and send recommendations to govt.
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Duty on investment trust properties reduced
Sindh and Punjab govts reduce stamp duty and registration fee for real estate investment trust (REIT) properties.
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Committee formed to resolve tax refund issue
Govt refunded Rs12 billion over the last three months, says finance minister.
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Students’ help sought for product marketing
TDAP prepares model for linking local exporters with university students to market export products internationally.
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Cost-saving: Solar-powered irrigation system unveiled
Chinese company demonstrates solar-powered water pump for sprinkle and drip irrigation system at village near Kasur.
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Development budget to be slashed again
Budget slashed by Rs100bn from the budgeted Rs280bn and may be slashed further, says finance minister.
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Punjab food department owes SBP Rs174b
Punjab govt has been paying daily interest of Rs70 million on this loan.
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EU trade concessions: Govt quells objections raised at WTO
Sri Lankan officials say they will withdraw objections to proposal, reveals commerce secretary.
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KSE falls by 0.8% as inflows decline, institutions sell
Profit-taking was witnessed throughout the week as investors cashed in on gains.
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Expo Pakistan postponed
Deteriorating law and order situation and financial crunch cited as reasons..
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Fruit concentrates: Processing plant to be upgraded
Agro Food Processing plant to prepare concentrates from apple, tomato and guava, in addition to mango pulp.
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Rupee declines, overnight rates up
Steady dollar inflows could not stop rupee from shedding value, say dealers.
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Pension funds: Regulator revises investment limits
Securities and Exchange Commission takes step to curb over-exposure in some sectors.