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IMF’s pat on the back
Govt now needs to look at its own weaknesses as well as the FBR’s role before seeking another waiver from the IMF
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A study for all views
Note 13 bases its analysis on a total of 95 privatised units, while Dr Khan’s universe consisted of 79 privatised unit
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Hypocrisy on Karachi’s electricity
Punjab is not dark because Karachi has lights. It is dark because our ruling elite have chosen craven self-interest
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PM agenda: Youth at the heart of post-2015 development
With 68% of population under the age of 30, Pakistan faces a formidable challenge
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Textile: Policy to be cleared in 15 days
The new textile policy will be approved within 15 days and will be implemented soon
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Gwadar Port: Investors asked to hire local people
Speakers termed Gwadar a ‘golden opportunity’ for long-term investment
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SECP approves rules for sukuk issue
Regulations will help raise funds through Islamic financial products
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No fuel oil; new power plants to run on coal or LNG
This will bring down tariff and ease pressure on foreign currency reserves
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Wheat export subsidy: Sindh expresses dismay over centre’s offer
Committee to approach federal govt to resolve matter
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K-Electric’s woes: ‘Stopping 650MW supply to have adverse impact’
Move will hinder privatisation drive, says company
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10Pearls: Company recruits in Pakistan to serve US customers
It is among many tech firms hiring young professionals to train them
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Six months: Country exports crude oil worth $157m
Still 17 times more is spent on imports of the product
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Cement industry: Sector likely to post highest-ever sales
Companies enjoying low international coal prices and rising demand
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Two power companies: PC appoints financial advisers for privatisation
UK consultant seeks 20% share in profit for turning around electricity firms
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Crossing the debt ceiling
While this is not a desirable situation, it is nonetheless a useful policy option that is rendered illegal by the law
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Pakistan, IMF complete sixth review for EFF programme
Both sides reach agreement which will allow IMF to go to its board for releasing $518 million to Pakistan
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Exhibition: Expo 2015 attracts foreign companies
The Expo Pakistan 2015 will be held from February 26 to March 1 at the Karachi Expo Centre
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GSP plus status: Exports increased sharply in 2014
Minister claims goods worth $1.08 billion have been exported to the EU since January 2014 to October 3, 2014
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Yarn import: Textile industry objects to increase in duty
Says move will affect the cost of doing business.
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Undermining the SBP’s independence
The finance minister, announcing the monetary policy, raises serious questions related to SBP’s current operations
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Construction industry: Cement sales rise on higher domestic consumption
Demand shows an increase of 6.18% to 20.02m tons.
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Permission: SECP allows KSL restricted trading
SECP had stopped trading facilities of KSL at the KSE and PMEX on November 18, 2014
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Corporate results: OGDC’s earnings fall 29% in first half
Oil and gas giant posts net profit of Rs47.8b.
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Market watch: Volatile trading keeps stock market down
Benchmark KSE-100 index decreases 154 points.
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Wholly-owned subsidiary: NIB Bank likely to sell equity stake
Financial institution is currently evaluating the feasibility of pursuing the transaction.
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Power sector: Outstanding receivables reach alarming Rs587b
Figure may have crossed Rs600b by January-end.
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Sell-off: Privatisation Commission approves sale of remaining 41.5% shares in HBL
Abandons plan to float GDRs in London, offer likely to fetch around Rs129b.
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Electricity fuel: Govt opts to replace coal-run power plants with LNG
Announces upfront tariff of Rs8.85 per unit for gas-fired plants.
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Strategic sale: K-Electric offloads Rs6.58b worth of shares
Paying off debts will eventually raise share price, say analysts.
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A prickly path: Businessmen unwilling to accept new trade route
KPCCI says revised map for Gwadar-Kashgar corridor neglects underdeveloped areas.
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Tax evaders: Information must be shared with all chambers, says KCCI
Despite identifying 700,000 cases, FBR fails to bring evaders into the tax net.
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Removing misconceptions: Emissions from mobile towers not harmful, says PTA
Survey reveals power level of radio waves much below danger limits.
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Market watch: Interest in oil shares takes bourse to another high
Benchmark KSE-100 index increases 150.20 points.
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Pakistan Steel Mills requests for additional Rs13 billion
Amount required to increase production to 100% of capacity.
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Pakistan to send draft trade accord to Turkmenistan soon
Plan is to establish strong linkages with Central Asia and Russia.
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Engro’s chemical subsidiary announces loss of Rs1.1b
Earnings fall due to lower PVC and caustic soda margins
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Counterfeit notes: SBP to bring new security features in currency notes
Smartphone app being developed that will help people spot fake currency.
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NBP operations in Bangladesh: NA panel invites NAB to probe Rs18.5 billion loss
Forensic audit report reveals 61 officials were involved in the scam.
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Low priority: Govt puts Gadani power project on the back burner
Due to Chinese objections, number of plants cut from 10 to 4.
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Oil market rebounds on demand prospects
European benchmark Brent North Sea crude for delivery in March jumped $1.40 to trade at $56.15 a barrel
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India keeps interest rates on hold
RBI governor says bank is awaiting further signs of slowing inflation along with "high-quality fiscal consolidation"
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K-electric eyes 7-year tenor for largest corporate sukuk
Proceeds from sukuk will help refinance debt, with Rs18 billion to be repaid to senior lenders including IFC and ADB
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Claim: ‘CNG still cheaper than petrol’
The prices of petrol and CNG will match when petrol will be available at Rs49 per litre, says APCNGA chairman
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Controlling pests: MoU signed to fund project
CAB International will provide funding through the USDA-funded project to work on pest control
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Auto part makers: Japanese agency to collaborate with SMEDA
Four-year programme to facilitate productivity, quality growth.
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Pharma Bureau asks govt to form review committee
Approval of current draft could lead to severe shortage of essential medicines.
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National Assembly team visits Huawei in Beijing
Trip aimed at promoting Safe City joint venture.
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France’s Total likely to win contract for TAPI pipeline
Will finance the project, help extract gas from Turkmenistan fields.
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Market watch: Bourse sets another record, crosses 34,600-point barrier
Benchmark KSE-100 index increases 232.44 points.
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Cellular data: Broadband subscriptions increase by 18%
Cellular consumers, however, likely to drop with the SIM re-verification drive.

















































