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PIA’s privatisation: Government gives fresh commitment to IMF
Says it will sell stake in national carrier by March next year, discussion held during eighth review of EFF
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Rs2.68 tariff cut in electricity unit price
The decrease in electricity price has been made for May 2015
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Market watch: Institutional interest helps index end in the black
Benchmark 100-share index rises 97.15 points.
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Leo Burnett signs up with Adcom as its new partner in Pakistan
The agreement was signed in Singapore on Saturday
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Sales tax issues: First meeting held
Rana Muhammad Afzal Khan said the government was keen to resolve the sales tax issues facing the business community
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Research: Stress laid on finding new markets
He said Pakistani missions abroad should be duty bound to introduce the country’s products to foreign buyers
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Powering the grid: Generation of hydel electricity hits record high
Units delivered during July amounted to 4.434b, an increase of 19.1% year-on-year
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GSP Plus review: Support mechanism unit to be established
Ministry of Commerce looking for positive response from the EU
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Market watch: Low inflation reading keeps bourse in the black
Benchmark 100-share index rises 83.04 points
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Pakistan losing Chinese market after Beijing’s trade deals
Seeks revision of the free trade accord with further tariff reduction
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Outside help: Third-party access clause added to CASA-1,000 project
Pakistan could derive additional benefit if other countries opt to export electricity through the transmission line
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Tricky business: Manipulators spread rumours to raise stock prices
Make quick and huge profits; unsuspecting investors fall into the trap
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Don’t misread market momentum, says LSE MD
Chaudhry voices concern over heavy trading in low-tier stocks
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Inflation dips to 12-year low at 1.8% in July
CPI not truly reflecting real inflation
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Trade measures in motion to protect environment
Civil societies argue for enhancing measures by erecting barriers on free flow of goods and services
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Optimistic: Three reasons to keep counting on Pakistan
Despite disillusion with country’s economic state, future looks bright
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Worth the effort: Local group remains positive sporting the local industry
Conglomerate launches sports garments to compete with Nike, Adidas, Puma
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Low-income: Housing scheme remains a political statement
Ministry of Housing and Finance lax in initiating project that was announced in 2013
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Lacking transparency: Fraudulent taxpayers, collectors and auditors
Over 100 companies make billions in tax credit claims on GST, 65% businessmen delinquent
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For the future: Energy experts group envisions plan for sustainable future
Calls for meeting power demand by developing domestic resources
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South Asia: Financial development – comparing nations
Pakistan needs to focus on improving financial depth and asset quality ratios
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New deal: Uber valuation tops $50b with latest funding, says report
Investors include Microsoft and investment arm of Bennett Coleman & Co.
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Corridor of investment: ‘CPEC will strengthen trade and investment’
Project would bring about economic revolution in the region: Vohra.
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Eateries run into trouble as PFA exposes health risks
Sales have gone down 50% since the start of inspection campaign.
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Fiscal year 2015: Internet subscriptions up a whopping 344%
80% of growth came from 3G and 4G technology.
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July 2015: Most mutual funds underperform KSE-100 index
13 of the 21 equity-based funds posted lower returns than the benchmark.
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Increased cost of doing business: No progress in talks with textile industry
APTMA’s strike call for August 7 stands, govt refuses to accept demands
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Weekly review: Market closes flat during volatile yet uneventful week
Start of results season failed to make meaninful impact on the market.
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The withholding tax saga
It seems that as long as you have links with the right people in the right places, you can get away with anything
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Device wrecking bug discovered in Android
Bug targets android devices running versions 4.3 through 5.1.1
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Currency: Rupee weakens against dollar
Remittances amounted to $16.6 billion in the first 11 months of 2014-15
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Week-On-Week: SPI rises 0.16%
During the week, average prices of 12 items fell in a selected basket of goods
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Bbia Islamabad: CAA inaugurates taxiway
Every successive flight will save an additional seven minutes resulting in benefits for all the airlines
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corporate corner: Samba, Temenos sign contract
This strategic partnership shall enable Samba Bank Pakistan to meet its regulatory obligations and take advantage
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Mutual funds SECP reduces maximum sales load
No sales load shall be charged if an investor approaches the AMC directly for investment
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Opportunities abroad: Expanding trade with Mauritius
Muhammad will also be discharging his duties for Comoros and Madagascar
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Sanctions gone: Govt asked to grab a high share in Iranian market
Delegation from Gulf nation arriving to discuss trade, investment avenues.
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Incubation period over: Nest i/o graduates ready to fly the nest
Fifteen teams complete mentorship programme, ready to begin business.
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Corporate results: Engro Foods records about 500% rise in profit
Local foods giant posts after-tax profit of Rs1.9b for 1HCY15
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Cement sales tumble 33% due to Ramazan
Anti-dumping duty slapped by S Africa also a factor.
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Electricity needs: Ministry to revise demand forecast upward
PM considers estimates of 4-5% rise in consumption unrealistic
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market watch: Stocks close week higher with minute change
Benchmark 100-share index rises 11.51 points
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Double taxation: Court gives stay order against FED collection
Order passed in response to petition filed by stockbrokers.
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Dar, APTMA to stitch relationship
Finance minister to meet association over textile industry woes.
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Withholding tax saga: Govt comes one step forward in negotiation
Offers amnesty scheme to traders; will not audit their income tax returns for 3 years.
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Govt cuts prices of petroleum products by Rs4.92
Prices of petrol cut by Rs1.03, while price of High Speed Diesel cut by Rs2.06
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Decline: SBP’s reserves clock in at $13,386m
SBP’s liquid foreign exchange reserves decreased $157 million to $13,386 million
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Textile industry: Committee asks govt to curtail cost of production
Urges immediate lift of ban on new gas, electricity connections.
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CAA revises landing charges
Foreign airlines using Islamabad, Lahore airports will be charged 25% more.
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Tech industry: Minister stresses need to improve IT exports
IT companies need to improve their reporting to PSEB and SBP if they want Pakistan to be taken seriously