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Stocks end down as investors book profits
The Karachi Stock Exchange’s benchmark 100-share index ended 0.6 per cent or 64.22 points lower at 10,617.65.
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WB agrees to fresh funds for cash grants
Pakistan had earlier rejected propositions to channel funds from other projects.
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LPG prices surge by Rs9.6 per kg
Liquefied petroleum gas (LPG) prices have increased by Rs9,594 per ton.
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PSO refuses oil supply at subsidised rate to KESC
Lack of liquidity, communication between companies does not augur well for consumers.
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Media watch: A need for self reliance
Media discusses the current energy and economic problems being faced by Pakistan and suggests indigenous solutions.
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KESC announces end of loadshedding for industrial areas
Residents of Karachi also likely to experience some relief as loadshedding schedule reverted to original plan.
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Emirates posts $925m net profit
The airline’s revenue of $7.2 billion for the half year represented a strong growth of 35.5 per cent.
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Technology industry wins international accolades
Pakistan has won seven awards in six different categories in the 10th ICT Awards.
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Double whammy for car makers
Strengthening yen, weakening rupee force Indus Motor to increase prices.
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Pakistan joins economic programme
Pakistan joins CAREC, group to focus on work in transport, trade facilitation and trade policy.
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OMCs welcome reversal of tax rate
Finance ministry announces reversal of the turnover tax rate to 0.5 per cent.
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Nokia ups the ante, tries to reclaim lost ground
Head of Category Marketing confident despite the havoc wreaked by competitors to his company’s smartphone sales.
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IMF negotiations to conclude today
Tranche worth $1.3 billion contingent upon delegation’s report.
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KSE jumps on news of reduction in turnover tax
Approximately 108 million shares were traded during the day, KSE-100 index closes at 10,681.87 points.
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Concessional financing scheme launched
Financing to be provided at concessional mark-up rates through banks and DFIs, Rs10 billion allocated.
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Twenty three companies want in on wind energy projects
Federal information minister says the government will allocate 25 acres of land for the project.
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First round of negotiations with IMF conclude
The talks fail to produce concrete results, as IMF representative express several objections on RGST bill.
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Businessmen slam price hike
The Sialkot Chamber of Commerce and Industry (SCCI) has criticised the hefty increase in petroleum product prices.
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Engro sells Rs1 billion certificates
The asset-backed issue TFC is for a period of three years offering a return of 14.5 per cent.
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Corporate profits rise 13% led by energy firms
Corporate profits surged to Rs62 billion during the quarter ended September 30 from last year’s Rs55 billion.
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LPG import prices surge by Rs12,000
Saudi Aramco contract price (CP) climbed by $93 to touch $788 in the international market.
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Negotiations between IMF and Pakistan to resume today
Donor expresses concern over failure to implement RGST and eliminate power subsidies.
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Stocks fall 60 points amid profit-taking
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.57 per cent or 60.13 points lower at 10,538.27.
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Fuming over furnace oil
Oil marketing companies reported a fresh increase in furnace oil prices, citing the spiraling cost of oil abroad.
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Sorry for shortfall, says SSGC to consumers, KESC
MD SSGC says regular supply from Zamzama gas field to resume from November 4.
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Wheat production target set at 25m tons
All Kharif crops missed their targets due to the unprecedented floods across the country.
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Rumble in the bourse
SECP attempts to address differences among KSE directors, nominees express concern regarding “weakening of governance”
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The week in focus
The government indicates it will focus more on agriculture and small and medium enterprises.
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Role of travel agencies diminishes as online travel matures
Use of online tools likely to increase as Internet penetration and credit card ownership go up.
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‘Bureaucratic interests stifle progress in the country’
International Chamber of Commerce Pakistan continues struggle to implement international road transit convention.
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How remittances can aid development
The idea is to think out of the box and come up with solutions which are necessarily a win-win for all.
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Land reforms serve no purpose
More competition from corporate Pakistan will force the rural elite to corporatise or else be rendered obsolete.
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Ogra drops petrol-bomb on the nation
Prices of petroleum products are raised by up to Rs7 per litre in the biggest single-time increase in years.
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Petrol prices to increase by Rs7
OGRA has prepared a summary for an increase in petroleum product prices up to rupees 7 per litre.
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WB, IMF recommend distinct telecom tax law
Report criticises oversight and loopholes in RGST bill.
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Chamber to move court against transit trade
Pact not acceptable to Khyber-Pakhtunkhwa traders.
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Revenue shortfall to reach Rs50b
Tax collection target for first four months was Rs444.2 billion.
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Loom owners take to the streets
Loom owners warn of massive layoffs, closure of industries if power outages persist.
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Five federal ministries devolved
Ministries will be transferred to provinces as part of the devolution process, in accordance with the 18th amendment.
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Industries to go on strike on Wednesday
Government urged to intervene and resolve the long running issue of power outages.
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Concessions no more
50% GST discount on sugar to be repealed, taxable value to increase.
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Market rally finally ends as profit-taking sets in
Foreigners turn net sellers after 21 weeks of buying.
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Wheat support price to remain unchanged
ECC rejects proposal to increase support price by Rs50-80 per 40 kilogrammes.
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IMF delegation arrives in Pakistan
Second delegation of IMF review team, led by Adnan Mazarei, arrives.
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Industrial associations to discuss plan of action
Major industrial associations meet today to finalise future line of action against 12-hour power outages in Karachi.
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‘Economic growth must be achieved’
President Asif Ali Zardari says there is no option except to give a sharp boost to economic growth on sustained basis.
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India unlikely to sell cotton to local mills
Indian traders selling cotton unlikely to honour most deals after failing to get registered with export authorities.
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KESC to disconnect KWSB electricity
Karachi Electric Supply Corporation launches ‘disconnection drive’ on facilities of Karachi Water and Sewerage Board.
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RGST draft cleared – almost
The federation and provinces agree on major points in the draft of the Reformed General Sales Tax (RGST) bill.
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PSO receivables swell to Rs153b
Oil marketing company itself owes Rs131 billion.