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Provisional report: Floods, power outages drag growth rate down to 2.4%
Major push came from services sector, industrial sector contracted.
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World Islamic Finance Summit 2011 : SBP offers incentives to Islamic banks
Islamic banking share expected to increase to 12 per cent.
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Cement sales fall 8%
Higher input costs hurting industry, says official body.
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Moody’s says no risk to Pakistan’s rating, aid
We don’t think IMF programme is going to be disrupted: Moody’s analyst.
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Demonstration: Industrialists protest against power outages
Protesters blocked the main Shahabpura Road for about three hours by burning tyres and parking large-sized containers.
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OGDCL warned against deal with dubious firm
Company management under investigation for misappropriation.
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Powers of OGRA member gas restored
Member can grant LPG and CNG transportation and marketing licence.
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Power tariff raised by Re1 per unit
KESC allowed increase of 53 paisa.
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Govt to sell 88% shares of Heavy Electrical Complex
Privatisation Commission invites expressions of interest from investors.
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CNG price increased by Rs1.02 per kg
Hike came in the wake of high oil and power prices.
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Circular debt eases : Govt releases Rs120b power sector dues
Capital injection expected to improve performance, but budget deficit to rise.
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Major strike may lead to petrol shortage
Oil supply affected after All Pakistan Oil Tankers Association goes on strike, petrol stations
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CNG, electricity prices rise across the country
CNG prices to go up by Rs1.5/kg and electricity prices by one rupee per unit.
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Education: Young Pakistanis are driver of prosperity
Companies’ long-term survival depends on ethics, according to Chartered Institute of Management Accountant.
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PIA revenues rise 12.5%
Overall financial position mainly affected by fuel prices.
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Results season comes to an end: Corporate earnings jump 19 per cent
Manufacturing sector rises on goods’ prices and not sales.
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FBR seeks steps to meet tax target
Conference called to invite proposals from tax officials.
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Concessions to Pakistan: India opposes EU trade relief, again
Time-bound trade concession package remains unapproved nine months after last year’s floods.
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Market watch : Stocks fall amid low volumes
KSE 100-share index loses 79 points.
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Gas company transfers GMs, engineers
Move part of restructuring of oil and gas sector.
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Deal signed to facilitate imports into Pakistan
ADB, Australian company join hands to share trade risk.
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SITE area faces water shortage
Chief minister’s help sought to resolve the problem.
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Youth entrepreneurship project launched
Participants will be trained in various IT skills.
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Inflation sprints to 13.1%
Fuel, electricity and food prices pull up the index.
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Business process outsourcing ranking plummets
This may have a negative impact on business growth.
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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.
















































