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Global Halal Congress to be held next month
The Halal Congress is an international conference to introduce Pakistan to the leading Halal industry experts.
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Toyota recalls 1.5 million cars over brake fluid leak
The driver will begin to notice a soft brake pedal feel and braking performance may decline, says Toyota USA.
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Foreign exchange reserves rise to record $17.10b
The rise in the week ending October 15 is due increase in remittances and narrowing trade deficit.
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Senators see interference in NICL investigation
Senate subcommittee is concerned that efforts are being made to manipulate investigation into Rs1.045b loss by NICL.
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Pakistan Refinery losses decrease massively
Net losses of PRL decrease more than 25 times to Rs24m in the first quarter as compared to Rs672m last year.
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Cotton market marches further up
The cotton market continues upward march and prices touch record high of Rs7,550 per maund, making traders jittery.
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Reduction in rates demanded
Five per cent decrease in export refinance rate is being demanded by Sialkot Chamber of Commerce and Industry (SCCI).
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Incorrect refund cheques issued
Incorrect cheques worth millions of rupees have been issued by FBR under centralised sales tax refund payment system.
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Stocks rise despite violence in city
The Karachi Stock Exchange’s benchmark 100-share index ries 0.2 per cent or 21.13 points to end at 10,486.02.
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Vegetable imports from India in full-swing
Large-scale damage to tomato crops due to flooding and skyrocketing prices drive large quantity of imports from India.
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MOL, OGDCL grant Rs700m loan for bridge construction
Companies sign agreement to construct bridge on river Indus for transportation of 30,000 to 35,000 bpd of oil.
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Brokers, investors ask for extension in filing deadline
Stock brokers and corporate investors ask for a month’s extension in deadline for filing statements and returns.
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Taxes, duties on green power technologies likely to be eliminated
Federal government decides to eliminate almost all taxes and duties on renewable power technologies.
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Karachi bleeds while Mumbai ready to flourish
Analysis: some of what's been happening around Pakistan this week.
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Lockdown
Thin attendance cripples Karachi's industries. Trading activity also takes a hit.
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Nokia launches C3 in Pakistan
The handset that costs around Rs12,500 is available in a variety of colours including hot pink and blue.
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Pakistan Railways demands govt to release Rs5b
The funds are sought for the renovation of engines of old trains, till new locomotives are imported.
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Plea to resolve tax cases worth Rs100b
The appeal comes at a time when “the FBR is facing difficulty achieving its collection targets."
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Nine associations registered
Securities and Exchange Commission of Pakistan (SECP) grants licences to nine non-profit associations.
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Premier mulls $500m bid for BP’s Pakistan assets
UK-based explorer Premier Oil mulls over $500 million bid for British Petroleum’s gas production business in Pakistan.
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‘Awareness of corporate governance a must’
Corporate governance practices directly affect strategic management according International Finance Corporation.
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Pakistan, WB develop $285m recovery package
Pakistan and World Bank develop Rs24.5 billion recovery package with broader aim of eliminating anti-state elements.
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Awards for small businesses announced
Pakistan Poverty Alleviation Fund and Citi Foundation announce 7th Citi-PPAF Microentrepreneurship Awards 2010.
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D-8 preferential trade agreement almost finalised
Pakistan decides to enter into preferential trade agreement with D-8 countries.
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Stocks end down amid profit-taking
Stock market eases on Tuesday as four-day bullish run comes to an end with investors booking profits at higher levels.
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Reserves from one block enough to generate 5,000MW for 50 years
Feasibility study of Thar coal reserves confirms two billion tons of coal reserves are available in Block II alone.
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Pakistan Petroleum profit soars 49 per cent
Net profit of Pakistan Petroleum Limited rises 49 per cent to Rs7.79 billion during first quarter of this fiscal year.
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Gas outages in Sindh for 10 days
Sui Southern Gas Company announces it will resort to gas outages in Sindh for 10 days starting October 26
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Current account improves, $477m surplus in September
Current account deficit for first quarter of current fiscal year (July-September) narrows to $545 million.
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No more exemptions under income tax
Government decides, in principle, to revoke all unnecessary exemptions under income tax.
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Allied Bank results beat estimates
The bank earned dividend income from stocks like Fauji Fertiliser Company, PSO and Hubco.
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Bank stopped from sacking employees
Single-member bench admits petition filed by PICIC employees which was amalgamated with the NIB Bank.
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Russian company offers investment
A Russian satellite company has expressed interest in investing and modernising home TV technology in Pakistan.
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Think tank seeks details of defence budget
Donor-dominated budget formulation process superfluous: Pildat.
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Financial discrepancies within FBR cost Rs102 billion
The FBR is to present its audit report’s findings at a meeting of the Public Accounts Committee (PAC) on Tuesday.
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Life after oil prices deregulation
The oil deregulation policy has been approved by the Economic Coordination Committee (ECC) of the cabinet.
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Buying spree continues on KSE
Stocks continue their upward march on the first trading day of the week despite increased violence in the city.
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Textile spinning, value-added sectors express reservations
Aptma has said that the implementation of the EU package will not result in a shortage of yarn in the local market.
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PC to swiftly set up trusts in state-run enterprises
Employees of PTCL, NBP, HBL and IDBP to get 12%government shares soon.
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Fiscal waltz continues
RGST to start from December 1, fiscal policy board to implement tax reforms.
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Should we be forced to eat less or produce more?
What Pakistan urgently needs is supportive measures from the government in the form of supply side policies.
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Talking business
Never underestimate the power of casual disregard when it comes to dealing with the biggest issues of your time.
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The BlackBerry stops here
This is the way this enterprise ends: not with a bang but a whimper.
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Off-by-one pricing psychology
Off-by-one pricing psychology: The most prevalent pricing gimmick and the way it disrupts the mind’s framework.
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The week in focus
At a time when production of food crops is quite critical, talk of water shortage for irrigation is quite disturbing.
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When renting makes more sense than buying
A growing number of people, instead of buying homes, opt to put their money in a bank and pay rent from the returns.
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Thought leadership is sustainable market leadership
Pakistan yet to face realities of the Internet-dominated world, but growth in usage and eventual overturn inevitable.
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ECC approves farm grants for flood-hit areas
Small farmers – those having less than 25 acres of land – would be eligible for receiving Rs2,400 per acre.
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Keep corruption at customs in check, WB tells FBR
World Bank proposes that FBR should issue specific code of conduct or ethics for customs officials.
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FBR releases tax data on services sector
The Federal Board of Revenue releases data in light of the negotiations on RGST amongst provinces and federation.