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Euro issues: Greece hopeful of last-ditch deal despite default warnings
Less than two weeks left to break the deadlock in talks with creditors.
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Apparel forum concerned over GSP Plus status
Says fresh warnings are making industry apprehensive.
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Approval: IMF releases funds to Cyprus
IMF completed on Friday the combined fifth, sixth and seventh reviews of Cyprus’s program and approved €278.4...
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Russia and EU: Russia to retaliate over Yukos overseas asset freeze
State accounts frozen in Belgium, assets blocked in France.
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LNG money: Nigerian company generates $85b in 15 years
The company, set up to harness Nigeria’s vast natural gas resources, has paid billions of dollars to the state in tax
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PR agreement: Railways needs $12 billion for ‘complete revamp’
Minister says locomotives through Chinese assistance will be used to transport coal.
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LNG imports: Consumers to pay millions extra in margins, other costs
Gas utilities and PSO likely to receive $4-5 per mmbtu of LNG.
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Playing host: Islamabad to welcome Pak-US Working Group
US ambassador reiterates commitment to improve economic relations.
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Weekly review: Range-bound KSE-100 ends week 124 points lower
Lack of triggers and political turmoil soured the mood at the bourse.
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In competitive Asian market, Pakistani freelancers work fewer hours than others
Pakistanis work an average of 34 hours per week, with the women charging more money than the men
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World Bank approves $188m loan for Guddu barrage
World Bank says loan to improve reliability and safety of Guddu barrage; extend life by another 50 years
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Auto parts: Belarus keen to collaborate in manufacturing
Wants to enter into joint ventures in services, industrial products.
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Per-acre productivity: Increased import of insecticides ‘worrying’
Up 47%, value amounts to $110 million; termed hazardous.
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MNCs under threat due to irregular policies
Investment of foreign companies going down, according to officials.
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Tax withdrawal: Poultry industry promises expansion
Industry and other stakeholders have welcome withdrawal of proposed 5% sales tax on poultry feed
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Waste to compost: Banana farmers receiving training
The 3-year programme gets farmers to use waste material for the benefit of land and increasing crop production.
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Luring gullible investors: Beware of zero% commission, KSE warns
No such provision for TREC holders to charge no fee, adds statement
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Pakistan’s mango exports denied Dutch visa
Presence of fruit flies results in rejection of consignment.
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Multi-million dollar contract: Gunvor wins LNG deal race, will be PSO’s supplier
Commodities groups disqualified on technical bid; uncertainty on cost remains.
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Large industries: LSM grows 2.9% with hopes of better performance ahead
Govt sees improved gas, electricity supplies aiding growth in coming months.
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Market watch: Index welcomes Ramazan with range-bound activity
Benchmark 100-share index falls 147.91 points.
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Metro Bus: Traders of Islamabad to get compensation
Project committee chief acknowledges problems faced by businesses.
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Milk powder import: Chances of increase in regulatory duty drying up
Finance minister reluctant amid fears of rise in inflation.
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Corporate corner: Meezan Bank offers online facility
The digital form will automatically be transmitted to the branch, where the applicant wants to open his account
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UBL services for overseas Pakistanis
NRP Banking offers a complete array of banking and investment services to non-resident Pakistanis
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Improving skill base: FPCCI backs academia-industry ties
the key to economic growth was the human resource equipped with knowledge and technology
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Currency: Rupee stable against dollar
It came under pressure following heavy debt repayments to the International Monetary Fund (IMF)
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Agriculture: IT-based advisory service to start in 2017
UAF has developed different production models based on soil, weather conditions,resources of farming and other factors
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Forex: Reserves down by 0.2% on weekly basis
SBP’s liquid foreign exchange reserves decreased $29 million to $12,284 million
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Rice trade: Formation of development board proposed
Rice exports have stagnated at $2bn per annum mainly due to lack of research and development work on new varieties
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Coal import : PTEA urges govt to withdraw duty increase
The move will nullify efforts to use coal as alternative energy source
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Pakistan, Italy: Trade commission may reopen office in Karachi
This will help improve relations, bring business communities closer
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Regulatory approval: Silkbank wins SBP nod for right share issue
Bank has been given exemption on meeting minimum capital requirement and capital adequacy ratio until June 30
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PM vows swift signing of trilateral transit trade accord
Work on transmission lines for power export to Pakistan to begin in September
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Tyre manufacturers oppose reduction in import duty
Say further concession will increase smuggling, hurt industry
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Relief package: Govt gears up for Ramazan, announces subsidy of Rs1.3b
Will sell 18 essential food commodities at discounted prices through utility stores
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Market watch: Banks fuel gains on stock exchange
Benchmark 100-share index increases 192.61 points.
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Of undue payments: Stay-order on collection of GIDC arrears issued
Counsel for petitioners asked PHC to declare recovery illegal
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Cabinet committee deliberates over privatising Neelum-Jhelum project
Decision comes as PM expresses displeasure over the undue delays in the project increasing its cost
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Government to focus on health, agriculture
Value-added farming requires new techniques, says minister
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New design: Demonetisation of old banknotes
banknotes of Rs10, 50, 100 and 1,000. The Rs5 banknote and the old design Rs500 banknote have already been demonetised
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Chinese consumers create room for Pakistani gems
Islamabad can be regional leader in the sector by adopting modern techniques
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Fiscal incentives : BoI to promote and facilitate foreign investors
Chairmen briefs Italian minister, delegation about opportunities in the country
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HBL acquires Barclays Bank
On this milestone, President and CEO of HBL Nauman Dar thanked SBP
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Corporate corner: German delegation visits TDAP
They were briefed about the mandate and working of TDAP
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Currency: Rupee remains stable against dollar
The currency market has remained stable for the past many months after experiencing extensive volatility
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CPEC: Meeting held to address Gwadar issues
meeting would be held in Gwadar during the first week of July where all local stakeholders will be invited to address
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Investment flow: Concern over 47% FDI decline
FDI in Pakistan declined to $803 million during the period July-May 2014-15 from $1,509 million
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market watch : Index ends marginally negative
Benchmark 100-share index drops by 34 points
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July-May: Current account deficit shrinks by $1b
From surplus in April, current account gets hit in May due to rising import bill