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Construction sector: Cement industry weak due to lack of innovation
New line needed to improve efficiency, reduce cost.
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Faisalabad region: FBR wing surpasses collection target
First-quarter revenue increases Rs153 million compared to previous year.
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Ashfaq Textile Mills Limited: Spinning profits despite crisis, market instability
Amid issues, firm managing to stay afloat and do well.
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Taiwan delegation, FPCCI discuss trade issues
Pakistani official suggests setting up facilitation centre.
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Market watch: Backed by financials, index moves past 30,000
Benchmark KSE-100 index rises 84.74 points.
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Corporate results: Engro Fertilizer posts Rs5.51 billion profit
Additional gas supply enabled increased urea production.
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Corporate results: Fauji Fertilizer’s earnings down 49%
Revenues declined 5% to Rs12.91 billion.
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High hopes: Punjab expects to collect Rs40b in taxes
Revenue body chief calls for judicious tax management.
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Development Advocate Pakistan: Not much thought goes into budget-making
Targets set by govt have nothing to do with economic activity, admits economist .
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First quarter: Government breaks ceiling as expenses rise Rs100b
Debt servicing, repayment account for half of expenditures in three months.
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Poor farmers vital for overcoming hunger
Adopting an agro-ecological approach, in practice, implies empowering poor farmers rather than relying on rich farmers
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Experts gather to discuss country’s issues
Paint bleak picture if reforms not undertaken
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Real estate: Price increase slows down in third quarter
Expert terms it correction rather than impact of political instability
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Balochistan allocated more funds than Punjab
Eleven projects under way to promote industries in Balochistan.
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Market watch: Index breaks losing spell, ends shy of 30,000
Benchmark KSE-100 index rises 246.12 points
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Lack of funding for creative industry decried
British Council study highlights its struggle in Pakistan.
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3QCY14: PTC announces Rs4.096b profit
Announces earnings per share (EPS) of Rs16.03
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Import facility: ‘LNG terminal to be ready by Jan 26’
ETPL CEO says infrastructure works have been completed.
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Taxation: One of Pakistan’s weakest links
Country ranks 10th in the Fragile States Index, OECD blames revenue system.
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Budgetary support: Govt borrowing declines 80%
Clocks in at Rs107.4b from July 1 to October 10.
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Privatisation programme: Slim chances of getting $4b in proceeds this year
Focus shifts to comparatively easy share offers in capital market.
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Benchmark: ADB to earmark $2 billion loan for energy sector
Raises concerns about lack of transparency in circular debt payments
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PM halts hike in power tariff
Govt to to continue with subsidies for domestic and agricultural consumers
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Budget-making process ‘non-transparent’
Study says govt needs to do away with unclear classifications
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Senate proceedings: 16 power projects under way
There is a shortfall of 2,800-to-5,500MW depending on seasonal demand, said minister
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Declining exports: PTEA urges government to wake up
Association alarmed at latest figures.
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TCP to start cotton buying in November
Senate committee voices concern over delay in procurement.
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Market watch: Index’s downward slide continues for sixth straight session
Benchmark KSE-100 index drops 16.85 points
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Corporate results: Engro Polymer suffers Rs157m loss
Company’s earnings slump in 3QCY14.
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Corporate results: Meezan Bank’s earnings up by 24.3%
Posts after-tax profit of Rs3.5b in first nine months of 2014.
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1QFY15: Agriculture credit disbursement surges 38%
Is almost 20% of the overall annual target of Rs500b.
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Pakistan Railways: China to inject $3.5b into infrastructure development
Team to arrive on October 25 to undertake comprehensive study.
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Textile mills: After sector’s hue and cry, govt promises gas in winter
Aims to keep factories operating at least on one-third production capacity .
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Economy problems
According to textile ministry the severe load-shedding is going to cause Pakistan a potential loss of $2 billion
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EU fines JP Morgan for rigging interest rates
Parallel investigations into charges that top banks rigged foreign exchange rates to get an unfair advantage continue
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Amid apprehensions: CDWP clears Rs26.6b airport project in Gwadar
Committee constituted to review price of project
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Interim order: Top court unblocks OGDCL selloff
Allows govt to sell the company’s 10% shares
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No interest: MoUs with Chinese company cancelled
Punjab government signed two MOUs of 900MW and 200MW last year with ZTE
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Income tax: FPCCI demands uniform tax on rental income
The tax slabs have opened a window for mis-declaration of income, corruption and tax evasion
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Banks, MFBs: SBP issues fresh guidelines
SBP has issued guidelines to banks and micro-finance banks for strengthening internal controls in payment instruments
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Tax issues: Business council incensed at FBR’s ‘arbitrary inquiries’
Council wants finance minister to take corrective measures.
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Nestle Pakistan records 43% rise in net profit
Company posts earnings of Rs6.4b in nine months.
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Corporate results: Engro Foods’ struggle continues
Company reports loss of Rs77m during 3QCY14
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Market watch: Index slips in absence of triggers
Benchmark KSE-100 index decreases 171.98 points.
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Economic relations: Seize opportunity for joint ventures, says Turkey
Delegation head asks private sector to tap business potential.
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Bank mergers: Meezan Bank acquires HSBC
Will make operations Shariah-compliant.
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SBP data: Current account deficit clocks in at $1.33b
Widens by $62m during Jul-Sept over the same period previous year.
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Price fixing: CCP suspects collusion among auto dealers
Serves notice on PAMADA; finds evidence of cartelisation.
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Widening trade deficit
It is time our officials wake up and try to achieve real goals instead of painting a rosy picture that does not exist
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Various reasons contribute to failure in meeting schedule
Flightstats data shows 51% of PIA’s departing flights delayed.