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A pro-growth strategy without fiscal stimulus
For Pakistan to be competitive in world economy, its private sector needs to be able to compete on its own strength
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Paving way: Commerce minister to visit Belarus next month
Minister will negotiate tariff reduction on Pakistani export items
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Fiscal year 2014-15: Rice exports fall to $1.84b as world market tumbles
A year earlier, rice shipments were valued at $1.89 billion
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LNG terminal welcomes first vessel
Container with 130,000 cubic metres comes after spot contract was awarded to Trafigura
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Govt to outsource security of energy installations, oil logistics
May also hand over operation of power generation companies
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Age of tech: Appetite for online food orders continues to grow
Number of daily transactions in Ramazan more than doubled this year compared to 2014
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Weekly review: KSE-100 surges to all-time high of 35,888 points
All sectors except oil witnessed stellar gains during the week
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Almost the same: ADB keeps Pakistan’s growth forecast at 4.5%
Manila-based lending agency does not see any change in macroeconomic conditions
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EU countries approve 7 bn euro short-term loan to Greece
The bridge loan will allow Greece to meet a huge payment to the European Central Bank on Monday
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China-funded LNG project to turn into Iran-Pakistan gas pipeline: petroleum minister
China is likely to fund 85 per cent of the $2 billion required to build a liquid natural gas terminal at Gwadar
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Foreign mission positions filled after PM’s approval
Positions include trade officers/attaches in Geneva, Brussels and Washington DC.
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Third quarter 2014-15: Visible improvement in economic environment, says SBP
Foreign exchange reserves doubled; reduction in inflation broad-based, says central bank.
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Meeting emission standards: Refineries refrain from releasing funds for plant upgrade
They were required to transfer profit above 50% of paid-up capital to escrow account
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Textile sector: Identifying causes for low exports
Govt on one side is pushing to increase export, yet on the other, it is continuously harassing existing taxpayers.
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Alarming: Pakistan’s exports plunge to 4-year low
Net FDI inflows, though maintained last year’s level, couldn't match outflow under repatriation of...
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Weekly basis Foreign reserves fall 0.5%
Total liquid foreign reserves held by the country stood at $ 18,589.9 million
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Breaking rules: KSE suspends Aziz Fida Husein and Company
Order will make accounts inaccessible for 14 days, followed by suspension of certificate.
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‘Humanitarian grounds’: PSM granted Rs480 million for disbursement of salaries
Amount will cover salaries for April; May and June payments to be made later on.
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Improving Power Supply: Govt aims to increase electricity
The capacity of transformer repairing workshops has also been enhanced for ensuring the uninterrupted distribution
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Punjab Board Of Revenue : Target of Rs39.79b surpassed
First time in the history of the province the mark of Rs1 billion had been crossed in the case of agriculture itax
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Currency: Rupee stable against dollar
Remittances amounted to $16.6 billion in the first 11 months of 2014-15
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On the Greek deal
The deal bails out the lenders, not the Greek economy and its suffering populace
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The bitterest of medicines
IMF wants debt relief and restructuring rather than more debt, which on past performances is unlikely to be paid
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After Air Indus, CAA places curbs on Shaheen Air
The order came after one of SAI’s Boeing 737 aircraft broke down on the runway of Quetta International Airport
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Govt approves Rs480m for Steel Mill to pay salaries ahead of Eid
Decision taken on humanitarian grounds to enable PSM employees, and their families to celebrate Eidul Fitr
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Textile industry: Commerce minister constitutes committee for exports
Policy action plan to remove hurdles faced by industry.
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Bankislami: Funds given to meet depositors’ demand, says SBP
SBP said it is a normal practice for central banks to provide funds to banks whenever they are under liquidity stress
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Real estate: Karachi and Islamabad markets record modest gains
In Lahore, property prices remain static in the first half of 2015.
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Marble industry seeks government’s attention
ICCI chief urges government to solve problems on a priority basis
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2014-15: Foreign direct investment shrinks by 58.2%
Clocks in at $709.3m during fiscal year; difference due to spectrum auction’s proceeds that fetched $610.9m.
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Market watch: Index touches record high as investors consolidate
Benchmark 100-share index rises 252.86 points.
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Sugar imports: Govt asked to withdraw 100% increase in duty
Instead of giving relief to consumers, millers are being rewarded: KCCI
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Both India and Pakistan need to ease trade restrictions
PBC report highlights potential between the two countries
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Cost escalation: BISP’s poverty survey costlier than population census
Pressing need to conduct the survey; amount estimated at Rs10b
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Developing tourism: K-P TC leases 15 guest houses
Explained that existing staff will also work and will be trained for hotel management and hospitality courses
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Withholding tax: LCCI demands resolution of issue
Government to take the business community in confidence in all such matter
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Currency: Rupee stable against dollar
Remittances amounted to $16.6 billion in the first 11 months of 2014-15
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Missing targets: Revenue collection overstated by Rs7b
SBP and FBR differ on final amount of fiscal year 2014-15
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Vision 2015: Modern, diversified agro sector
The official highlighted the objectives for achieving food security for protecting the most food-insecure segments
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Wheat export to Sudan, Yemen suggested
Exporters say market of 500,000 to 600,000 tons exists.
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Made in India: Volvo to export buses to Europe
Company announced investment worth Rs4 billion to double output in Hoskote.
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Solar power: Dawood Group’s Reon eyes tube-well project
Awaiting clarity on methodology of replacing old tube-wells
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Caffeinated: Starbucks to inaugurate Johannesburg café
Cafe to open early next year, followed by other locations.
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Businessmen meet customs officer to break stalemate
Customs, traders have a dispute over old machinery import.
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STPF 2015-18: Trade policy in the offing, says Dastgir
After incorporating recommendations, draft to be submitted to federal cabinet.
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New enterprise: Nishat Group establishes new subsidiary
It approved to issue bank guarantees to Nishat Commodities amounting to Rs1 billion
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Fruits of cheaper oil: Major tariff cut expected, relief still unexpected
Majority of power consumers may not receive the benefit
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Market watch: Oil under pressure, index ends in the red
Benchmark 100-share index falls 49.73 points.
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Textile troubles
While govt should look into grievances, it won't be much to ask tycoons to use past windfalls to fund current losses
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Bastille Day greetings: Pakistan seeks to boost trade, defence ties with France, says Khawaja Asif
Pakistan has strong bilateral relations with France, said Defence Minister Khawaja Asif while extending greetings