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Chinese tech firms invest in augmented reality startup
Group says it raises 50 million from a group that also includes Comcast Ventures and Chinese-based companies
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Uber offers helicopters to escape Sao Paulo gridlock
Sao Paulo pilot program is Uber's biggest step yet in a partnership with Airbus Group, announced in January
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Chinese investors urged to enter into joint ventures with Pakistan
Minister emphasises need for working collectively to solve problems
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China’s nomination of Sinopec for LNG deal with Pakistan worries officials
Energy firm is facing corruption probe, Pakistan says it could be an issue.
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Rs100b Khadim-e-Punjab Kissan package announced
The package is unable to address the core issues, argues expert.
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With two new services, Punjab expects to receive Rs184 billion in revenues
Sees receipt of Rs1.01 trillion from the federal divisible pool next fiscal year
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Market watch: Bourse closes positive amid speculation ahead of MSCI decision
Benchmark KSE-100 index rises 39.08 points.
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Mangoes: FPCCI suggests pragmatic steps to enhance exports
Shipments dropped to 60,000 tons in the last two years.
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Big businesses: Govt proposes amendments to income tax calculation method
Wants to extend super tax for another year, change the definition of income
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Past empty promises cast dark cloud over Sindh’s allocations
Funds earmarked for five departments given a hefty boost.
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Inefficient contract enforcement mechanism in Pakistan
It is essential for attracting investment, the area needs urgent reformation
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Post-financial crisis: Macro-finance linkages make economies more vulnerable
Historical evidence suggests business cycles are increasingly correlated
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Real estate in Karachi to stay unaffected despite budget proposals
Short-term measures to increase revenue, likely to impact Punjab more
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Pakistanis riding latest wave of motorcycle financing
Previously reluctant, banks are now competing with one another to dish out credit
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Cities in Pakistan planned for rich housing
Run by inept planners, there is no zoning for commerce, education, public space and poverty
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Fusion of technology, agriculture essential for quantum growth
Farmers need assistance and technology that enable them to take substantial leaps
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Hattar Industrial Estate: Special Economic Zone status to help boost exports
ICCI demands similar concessions for other industrial estates
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Benefitting farmers: Durable solutions sought to increase productivity
Agriculture secretary calls for efficient mechanism, technology upgrade
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Value-added sector: Traders, businessmen demand more space
Want zero-rated regime for cottage industry
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Agriculture spending relies heavily on foreign loans
Rs11b allocated for the sector covering research, water management, farmer training
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With focus on private investors, Rs6.35b earmarked for energy
Province sets aside Rs25b to clear outstanding bills of K-Electric, others
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Sindh rides much-touted tax collection on back of indirect taxes
Direct taxes amount to just 7% of total provincial tax receipts
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Weekly review: Index down 0.75% week-on-week after hitting all-time high
Bourse ends at 36,941 as post-budget rally overtaken by profit-taking and panic selling
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After FrieslandCampina meeting: Govt hints at conceding some ground
Dutch company reps meet finance minister, were concerned over withdrawal of zero-rated tax regime for dairy sector
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ADB approves $100m loan for M-4 motorway
Asian Infrastructure Investment Bank will provide another $100m following board’s approval
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Three-year period: Allocations for water schemes cut by half
Funds have come down from Rs59b in FY14 to Rs31b in FY17
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Rains could disrupt cotton sowing, hit production
So far, 75% of cultivation target has been achieved
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Market watch: Stock market dips over MSCI review concerns
Benchmark KSE-100 index falls 473.38 points
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Remittances amount to $17.8b in 11 months, up 5.6%
Money sent home stood at $16.9b in same period of previous fiscal year
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Pakistan Business Council presents detailed critique of new budget
In a letter to finance minister, PBC discusses avenues for improvement
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Looking for escape: Senator proposes tax amnesty to legalise black money
Talha Mehmood, whose name appears in Panama Papers, proposes just 2% tax
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Car sales jump 24% in July-May
Low interest rates, Punjab taxi scheme reasons behind growth in sales
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European envoys caution Dar against new taxes
Increased taxes on packaged milk could threaten $500 million investment
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Telenor Pakistan granted 4G licence for $395m
PTA auctioned the license to local and international telecom companies, with Telenor winning the bid
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Instagram attracting more advertising than Twitter: survey
The survey came the same week Twitter Inc said its head of product, who took over the team in September, was leaving
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Lenovo looks beyond computers with slick new phones
Reveals market-ready PHAB2 Pro smartphone imbued with Google-created Tango augmented reality technology
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Bidders offering more than $5b for Yahoo
Yahoo will review offers ahead of a final round of bidding expected to lead to a decision by mid-July
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Energy, infrastructure projects: Govt expects $76b investment in 6 years
Bureaucrats and ministers brief over 75 diplomats and opinion-makers
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Start-up launches app for online grocery shopping
Takes cue from similar Indian apps that grew tenfold last year
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‘Rich man’s milk’ to be taxed more, everyone to suffer
Withdrawal of zero-rating regime for dairy sector expected, price of loose and packaged milk to go up
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Budget 2016-17: ABC says budget lacks initiatives
Few attempts made to expand tax net, simplify tax administration
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Market watch: Directionless trading continues
Benchmark KSE-100 index falls 12.14 points
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NEPRA regulations: Producers can sell power to consumers anywhere
Consumers will have to pay wheeling charges plus the generation cost
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Showcasing talent: Woman delegation to visit UK in July
Will consist of members from textile, jewellery, beauty industry
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Banks’ profitability grows 1.5%, amounts to Rs52.9b
Asset base increases 0.9% on quarter-on-quarter basis
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‘OECD will invite Pakistan to become signatory’
News comes amidst growing mistrust of govt’s intention regarding ‘Maryam Law’
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Pakistan’s inclusion in SCO to bring funds for energy projects
SCO to hold summit later this month, Islamabad may gain its full membership
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Ruble rocks up to seven-month high
Central bank says rise in price of oil, better economic indicators hint that risks to price stability are on decline
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Boosting trade key to success, says TDAP official
Pakistan has strong trade relations with Central Asia in textile, garments and agro-based products: Rabia Javeri
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$8.2b railtrack upgrade project wins go-ahead
CDWP also clears $2b pipeline project to link gas network with Iran