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Pakistan slips to 123rd place in global competitiveness
Continued security challenges, setbacks from the global economic downturn have reduced Pakistan’s score in the WEF.
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Tariffs reduced for off-peak hours
Federal government has introduced differentiated tariffs to be implemented on bills sent after September 1.
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Car sales register remarkable growth
Car sales shot up to 19,625 units in August, compared with the 9,796 units sold in July.
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Prices up by 13.2 per cent
CPI increased 13.23 per cent in August compared with the same period last year.
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Demand that our debt be cancelled
If Haiti recently can have its debt written-off in the wake of devastating natural calamities, why can't we?
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Land reform – the way forward
The strongest argument for land reforms is the enormous burden of rural poverty, associated with rising landlessness.
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SBP gets new boss
SBP has been functioning without a governor for the past one week.
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Provinces demand increase in budget overdrafts
Provincial governments have requested for an increase in their budget overdraft limits by Rs22.6 billion.
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Yousafzai new DG CAA
Captain Nadeem Yousafzai, a former pilot of PIA, has been appointed DG of the CAA after prolonged deliberations.
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Yield on T-bills rises to 12.77 per cent
Yield on six-month treasury bills rose to 12.77 per cent in an auction held on Wednesday.
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Floods drag down oil sales by 24 per cent
Oil sales have dipped 24 per cent to 3.3 million tons amid flooding across the country during August.
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Stock market moves up a gear
The stock market moved up a gear on Wednesday as equities climbed on the back of participation.
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Arif Habib Group seeks new post-crisis identity
At the height of the financial crisis of 2008 it looked as though the Arif Habib Group may not survive.
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Fresh inflows help firm up rupee
Fresh investments into the country and remittances ahead of Eid holidays helped the rupee gain against the US dollar.
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Pakistan likely to export 3m tons rice, despite floods
The country consumes about 2.2 million tons annually and is the world’s fifth largest exporter of the grain.
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‘LNG import a concrete solution for medium-term needs’
Delays in the import of liquefied natural gas have cost the nation hundreds of millions of dollars.
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Economists, importers oppose flood tax
Imposers have said that tax will not only hurt major sectors of the economy but will also increase prices.
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Rising inflation, falling aid
The government is relying on an increased flow of aid — post-flood — to help it deal with its fiscal pressures.
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KSE releases Top 25 companies of 2009 list
Siemens Pakistan Engineering Company leads the top 25 list, followed by Rafhan Maize Products and Nestle Pakistan.
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Shahid Kardar to be named new SBP chief
The government is likely to notify Shahid Hafeez Kardar as the central bank governor in a couple of days.
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How Ramazan’s blessings flow for the beverage industry
Ramazan is actually a month of blessing for beverage makers in Pakistan as sales for their products tend to skyrocket.
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Index gains 0.43 per cent despite low volumes
Market closed with moderate gains on Tuesday as volumes remained dismal ahead of the Eid holidays.
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Pakistan State Oil profit may take a hit
Pakistan State Oil’s (PSO) earnings are likely to take a major hit on lower future volumes.
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FBR rejects president’s taxation proposal
President’s proposal to tax house owners in order to raise flood relief funds is not implementable.
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Rupee falls below 86 mark
The rupee fell to a fresh record low against the US dollar for the second day running.
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NEPRA refuses to set tariff for controversial plant
Nepra refuses to set tariff for Naudero-II Rental Power Plant, insisting that the government has violated rules.
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Spend Eid in Dubai without breaking the bank
Live large in Dubai’s swankiest hotels, at astonishingly affordable prices, while saving enough for the sales.
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New guidelines issued by State Bank
Revised guidelines for infrastructure project financing for banks and DFIs have been issued by the SBP.
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WFP purchases 200,000 tons of wheat from Passco
This wheat is being bought for distribution among flood-hit people by the WFP.
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Italy converts Rs3.2b debt into grant
Italian government converted a loan of Rs3.2 billion into a grant on Monday.
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Netsol’s acquisition plans leave analysts perplexed
Netsol Technologies’ plans to acquire subsidiaries of its parent company have drawn confusion amongst analysts.
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SPI rises by 17%
SPI for the week ended on September 2 for the combined income group recorded an increase of 17.03 per cent.
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KESC to provide some relief to consumers
KESC will provide a discount of 20 paisa per unit for the months of April and May.
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Shipment of 25,000 tons arrives
TCP will receive 25,000 tons of sugar at the Port Qasim within the next two days.
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IMF agrees to flood tax
A flood tax to raise revenue for reconstruction and rehabilitation of flood-hit areas has been endorsed by the IMF.
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KSE range bound as volumes tumble
Market closed flat after trading on Monday as investors remained concerned over the dispute on KSE board.
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Rupee tumbles to record low
Pakistani rupee fell to a record low of Rs85.85 against the US dollar during inter-bank trade on Monday.
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No extra funding for flood relief
ADB has decided to stop problematic projects and divert up to $1.5 billion to launch rehabilitation projects.
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TCP gets Rs3bn for sugar import
Ministry of Industries and Production is going to release Rs3 billion, within the coming two days, to the TCP.
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So you think you can invest?
Popular notion in Pakistan dictates that real estate and gold are the safest investments.
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The week in focus
The government is planning to slap a two per cent flood tax on all imports.
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Low-cost housing: a viable option?
It has been estimated that more than 0.7 million homes have been destroyed across Pakistan till now.
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Unilever tries out ‘Agile Working’
Many multinational organisations are seeking to boost productivity in unorthodox ways.
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Can flood victims find hope in mobile money?
The role mobile money could play in helping to accomplish the task that aid agencies face is worth examining.
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Better mousetraps
When Nadra started issuing computerised identity cards, it served the government well.
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Recreating the Brazilian agricultural miracle
In the 1960s, both Brazil and Pakistan began reforms that would transform their respective agricultural landscapes.
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Ufone nominated for international award
Ufone has been nominated for Best Brand Award by World Communication Awards along with 6 international brands.
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Customs reforms unsuccessful
The customs administration reforms of the Federal Board of Revenue have ended in failure.
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Profiteers flourish at expense of consumers
Profiteers have become active to take undue advantage of the linking of LPG price to Saudi Aramco Contract Price.
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Gold climbs, cotton settles
Gold prices climbed in local markets as shoppers returned, ahead of Eid holidays.