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Weekly review: KSE-100 gains 517 points as trading volume doubles
Proposed amendments to trading regulations resulted in a sharp jump in volumes
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Monetary Policy: SBP keeps interest rate unchanged at 6%
Rising inflation reason for maintaining rate, reflects pickup in aggregate demand
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India's Tata Steel confirms UK fraud probe
UK police probing allegations staff may have falsified certificates detailing the composition of steel before sale
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LCCI’s third expo: ‘Bureaucratic hurdles main issue’
LCCI President Sheikh Muhammad Arshad said the expo was mainly organised to generate business activities in Lahore
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China’s Xinjiang seals deals worth $2b with Pakistan
These cover infrastructure, solar power and logistics
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Market watch: Index ends week in black
Benchmark KSE-100 index gains 71.51 points
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The auto policy: Threats, concerns and optimism
Government took current players by surprise, carmakers voice mixed opinions
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TAPI shareholders sign $200m investment accord
It will fund engineering and route surveys, environmental studies
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Greater than Rs1 billion: The best performing mutual funds
Out of the 20 equity funds currently in operation, 11 of them meet this minimum fund size requirement
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Presidents of state-owned banks: Senate panel restricts service terms to only two
Suggests changes to Banks Act that will also protect minority shareholders
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Pakistan no longer needs IMF: Dar
Dar said that the government has achieved the July-March budget deficit target of Rs1,012 billion set by the IMF
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All-Share Islamic Index gets 41 new companies
Twenty-six removed because they did not qualify as Shariah-compliant stocks anymore
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Dar blocks extension of Pakistan Steel Mills CEO
Services not required as PSM has been closed for months: finance minister
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Foreign exchange: SBP’s reserves shoot past $16 billion
The SBP received during the week $978 million from multilateral, bilateral and other official sources
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APTMA urges govt to withdraw GIDC
Levy is crippling textile industry and causing decline in exports
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Market watch: Juggling index ends in the red
Benchmark KSE-100 index loses 50.34 points
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Ministry inks MoU to market research products
Agreement would help develop SMEs, provide assistance to SEC in new products
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By misusing freight margin, oil barons pocket Rs8 billion a year
Officials says barons prepared fake documents to claim freight on oil transportation
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Texpo 2016: Every step being taken to enhance exports, says Dastgir
Some manufacturers feel exhibition not serving due purpose
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Minister urges US support in HR training
Says govt keen to benefit from top US universities
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Three of every 10 Pakistanis officially poor
Government changes calculation methodology, classifies 59 million as poor
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Samsung flags better than expected Q1 profit rise
Samsung estimated overall sales for the first quarter at 49 trillion won, up from 47.1 trillion won a year before
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Criticism: FCCI prepares draft on budget proposals
Says government’s low tax collection result of haphazard policy
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Tapping developing economies: Philips deems Pakistan ‘a very important market’
Says business prospects huge due to growing population, CPEC
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Oil and gas royalty: OGDCL has paid Rs229.7b to all provinces
The company paid Rs124.558 billion to Sindh
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Govt slows refund payments to meet tax target
Only Rs47b has been refunded in July to March, which is 10% less than previous year
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Market watch: Stocks close higher as bullish wave continues
Benchmark KSE-100 index gains 179.88 points
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Food Security and Research: Ministry to procure 7.5 million tons wheat
Procurement to be made at govt-fixed rates of Rs1,300 per 40 kg
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Punjab industry likely to get gas 24/7 in future too
SNGPL MD says LNG import has ended shortage, its volume will rise to 1,200 mmcfd
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PICIC Insurance up for merger with Crescent Star
Both companies among smaller players in country’s non-life insurance industry
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KCCI appeals govt to reduce gas tariff
Urges ministries to look into declining exports, especially in textile sector
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PSM CEO could continue despite expiration of contract
Process under way to approve two-month salaries of employees
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Structural reforms remain distant dream: PFBA
Chairman urges local investors to exploit country’s potential, bring foreign investment.
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Investment management: SECP, CFA ink MoU to raise awareness of investors’ rights
Collaboration to help advocate high level of ethical standards, ensure transparency
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Pharma Bureau insists on revising SOPs
Says delay in allocation dates could mean shortage of life saving drugs
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Punjab encouraging Chinese investment to eliminate energy crisis
Would also create employment, support other industrial segments
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PSO sends back ship carrying poor quality petrol
Vessel had brought 50,000 tons of motor gasoline from UAE company
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Market watch: Profit-taking takes shine off index’s northward journey
Benchmark KSE-100 index falls 41.93 points.
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Revision: PBA wants income tax rate to be brought down to 32%
Banks’ association wants same tax rates as those on corporate sector
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Cement sales jump to record high
Domestic dispatches remain high, turnaround in exports witnessed.
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Govt to set up LPG air-mix plants in hilly areas
These places don’t receive natural gas, bank on burning wood to meet needs
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Italy interested in Pakistani market
Great potential for cooperation through joint ventures
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Water scarcity ‘biggest threat’ to Pakistan
Dire situation in Balochistan can affect economic corridor.
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Equities market: PSX suggests measures to nip volatility at bourse
Proposes to make 25% free float compulsory, introduce index-based market halts
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OGRA warns of action against filling unlicensed LPG bowsers
About 400 uncertified manufacturers are operating in Lahore, Gujranwala
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Market watch: Stocks attract interest as volumes hit 5-month high
Benchmark KSE-100 index rises 358.8 points
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Auto part manufacturers: PAAPAM pushes for exemption from steel import duty
Asks govt to deal with auto and steel industries separately
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Rs1.6b worth of imported urea goes missing
NAB, FIA conducting investigation into the matter
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Upgrading plants: Irked by refineries, govt keeps duty unchanged
ECC approves summary moved to withdraw increase in duty on sale of diesel
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Iran oil minister says will keep raising production: Mehr news agency
His comment appeared to further threaten the prospect of an effective agreement at the meeting