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Lobbies at work to turn energy mix in their favour
Present govt increasingly focuses on imported LNG and coal in power production
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Govt working on increasing tax on cigarettes
In FY18 budget, tax rate had been cut that increased tobacco consumption
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NEPRA slashes power rates by Rs1.86 per unit
Regulatory body declines govt’s request to increase tariff
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corporate result: Engro’s profit surges 62% on back of fertiliser, polymer units
Earnings stand at Rs6.83 billion in the quarter ended March 2018
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Budget Proposal: ‘Liberal investment policies needed’
These foreign remittances can be used for the creation of new employment opportunities
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Currency: Rupee stable against dollar
Market rumours suggest the move is part of IMF’s conditions for another bailout package
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Unaffordable: Constructors demand decrease in duties
Pakistani construction companies cannot even afford second hand equipment and machinery
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Launch in Karachi: National incubation centre to start operations
It will train innovative youth, nurture tech-based budding entrepreneurs
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Fauji Foods reports loss of Rs619 million
compared to a loss of Rs447 million in the previous year
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corporate results: PSO’s profit increases 13.55% to Rs4.7b in January-March
Increase mainly due to higher sales and income from other than core business
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Govt to set lower dividend target amid issues
Has also revised estimate for outgoing year due to poor performance of state enterprises
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PML-N fails to get tax amnesty bills passed through NA panel
While it has no legal ramification, endorsement would have acted as vote of confidence
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Rupee loses ground in open market, SBP calls ‘emergency’ meeting
Panic buying pushed currency down to Rs118.5 in intra-day trading
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‘Pakistan unlikely to suffer from US-China trade war’
Experts say country is not too integrated in global value-chain
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The real cost of cheap shirts
Bangladesh is able to save on manufacturers’ costs by paying one of the lowest minimum wages in the world
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Market watch: KSE-100 ends losing streak, closes 113 points higher
Benchmark index gains 0.25% to settle at 45,371.96
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Moves may be economic, but players are all political
Miftah Ismail answers queries about tax amnesty scheme
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Ministry of commerce finalises national tariff policy
Recommends gradually reducing duty on raw materials and machinery for export-oriented industries
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Regulators in Pakistan - watchdogs or lapdogs
Both CCI and parliament lack technical capacity and resources to evaluate performance
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Opinion: K-Electric – a private enterprise without competition
Country has surplus LNG that can be diverted to the power utility
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Pakistan’s export performance is correlated to cotton prices – and this is a concern
This is why there is a need for value addition and diversification
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Economic policy should be at forefront of coming elections
For a nation facing structural, functional and systemic crises, economic delivery is crucial
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Afghanistan approves first full-fledged Islamic bank
IBA, the first lender in the country to apply the interest-free principles of Islamic finance in all its operations
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Rs8b set to lapse over slow utilisation of Fata funds
Total number of unapproved schemes is 168 out of the initial B status new schemes of 444
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Weekly review: KSE-100 plummets 813 points as sentiment remains negative
Selling in banking and oil stocks leads decline
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Govt proposes gradual duty cut in new tariff policy
Makes public draft of the policy for feedback before formal approval
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Curbing loans: US lends support for increase in World Bank funding
Mnuchin praises World bank's decision to significant shift lending to poorer clients
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Reaction: Pound slides as UK rate hike prospect dims
US stocks ended decisively lower as the yield on the 10-year US Treasury rose ever closer to 3.0%
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Industry threatens to go on strike over power, water shortage
Production of goods drops sharply as some units stop work
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Customs duties could see hike as FBR tackles income tax relief
Proposal is to increase rates of three tariff slabs of 3%, 11% and 16% by another 1%
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K-Electric, KWSB behind power crisis in Karachi, says ministry
Leghari blames power utility for ‘mismanagement, system inefficiencies’
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No need to devalue rupee again, says Miftah Ismail
Adviser to PM on finance says currency has found its equilibrium
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Japanese companies’ interest grows in Pakistan
A high level policy dialogue will be held in Islamabad on April 26, 2018
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Corporate Corner: TPL Life launches epidemic insurance products
TPL Life has launched 3 epidemic insurance products
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Enhancing Scale: Trade-related issues to be addressed
TDAP conference takes place
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Currency: Rupee stable against dollar
Since December, the rupee has cumulatively shed close to 9% of its value
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Industrial estates: Businessmen complain about lack of infrastructure facilities
Say industries are forced to use sub-soil water due to almost no supply from KWSB
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corporate result: Engro Fertilizers’ profit jumps 137% to Rs3.89 billion
Earnings were higher than market expectations
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Fairs and exhibitions: LCCI chief stresses promotion of trade
'Trade fairs and exhibitions are more than just a marketing tool'
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Utility stores: Controversy may arise as govt appoints bureaucrat as USC head
Official defends move, saying PM has powers to make appointments
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Case hearing: Court stops levy of RLNG surcharge on K-P industry
Order comes after Sarhad Chamber challenged the surcharge
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Ministry seeks rebate to take IT exports to $10 billion
Will start business web portal soon to facilitate SMEs in selling products
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Pakistan and its financial inclusion target
Karandaaz CEO says efforts under way to ensure objective is met
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Govt injected $7b to keep rupee overvalued in recent years
EAC member says policy to prevent the currency’s fall caused more damage
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Market watch: KSE-100 ends in the red amid volatile trading
Benchmark index drops 128.43 points to settle at 45,259.34
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Corporate Corner: Kenwood bags ‘Best in TV’ award
The achievement endorses that Kenwood is focused on adding value to lives of customers
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Currency: Rupee stable against dollar
Since December, the rupee has cumulatively shed close to 9% of its value
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Incurring Losses: LNG plants fail to start on time
The three LNG-based power plants are not expected to start commercial production any time soon
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Demand: ‘Kalabagh dam should be included in budget 2018-19’
The LCCI president said 1 million acre feet of water gives benefit valued at $2 billion
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Addressing business community: Finance minister pitches Punjab as investment destination
Ayesha Ghaus says province has made headway in business reforms