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Textile industry: Industrialists seek fair distribution of gas
Welcome supply of 40mmcfd from new gas field.
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Local auto industry starts reaping benefits of depleting import stockpile
Total sales grow 4% to 21,675 units in July-August period.
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Corporate results: KESC profit rises 156% as recovery drive pays
Company earns Rs6.7 billion in fiscal year 2012-13.
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Market watch: Karachi bourse extends rally on interest in cement sector
Benchmark KSE-100 index rises 153 points.
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EU trade: Textile industry prepares for post GSP+ scenario
Industry members eyeing $26 billion exports in four years.
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Ittehad Chemicals: With low volumes, share price surges 28.8% in three months
Stock may gain further on the back of company’s expansion plans.
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Cracks in the economy: Reserves get breathing space as trade deficit contracts
Figures highlight challenges Pakistan faces to bring current account deficit to manageable level.
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Cost overruns: WAPDA presents bloated cost of Kachhi Canal Project
Delays and tripling of costs lead to speculations about corruption and mismanagement.
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IDB extends $850 million project support to Pakistan
New assistance will be paid over 3 years and will be in addition to 750 million Euro assistance approved in August.
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RapidCompute achieves security certification
ISO/IEC 27001 ensures data confidentiality, integrity.
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Energy generation: 100MW Gulpur Hydropower project approved
Project has the capacity to generate 465 million units of electricity per year.
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SECP begins revising NBF regulatory framework
Equity market regulator seeks to build an alternative financial system.
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Cost of production: PSMA urges revision of duty on ship-breaking
Cites unjust price advantage of scrap steel sold by ship breaking industry.
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Market watch: KSE continues rally as cement rebounds
Benchmark KSE-100 index rises 72.97 points.
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NAFA coming up with Islamic capital protected fund
Fund invests in Shariah-compliant securities, promises capital protection.
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TAPI project: Turkmenistan offers global companies role in gas export
Companies will be able to export after swapping offshore gas for onshore.
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ADB agrees to give $245m to revamp energy distribution
Loan aimed at partially bailing the country out of energy crisis .
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No to devaluation : Finance minister rejects report projecting rupee fall
Denies any deal with the lender on currency depreciation.
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Pakistan has potential to triple halal food exports
Malaysia says Pakistan could be global halal market leader.
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Fiscal year 2012-13: Telecom sector failed to recoup Rs22.9b, says AGP
The auditor cites weak recovery management.
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Pakistan needs trade, investment not aid
World becoming integrated and goods, services crossing borders freely.
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Systemically important financial institutions – the case of Pakistan
SBP should be cautious about regulating banks for a smooth system.
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Missing generation: Youth, economy and future
Targeted policies are required to bring about the economic revolution required.
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Subsidies: Unjust increase in electricity tariffs for agriculture sector
The fallout of IMF loan conditions and how they will affect local farmers.
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Forcing to lend: Tightening the noose around banks to free up credit for private sector
Low interest rates have forced habitual lenders to go for more proactive revenue streams.
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Fatwa and transaction costs in Islamic finance
The case for a centralised Shariah body for the financial markets.
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Entering Africa: UBL expands network to Tanzania
UBL’s decision to choose Tanzania for its first foray into Africa was based on a number of positives about the country
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Businessmen urge the West to invest
The west should help counter propaganda against Pakistan, says FPCCI .
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Pakistani exporters tap high-end Australian market
Assure local growers of fair competition.
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High diesel prices: Railways not to pass impact on to travellers
Railways would bear the additional burden of Rs240 million due to increase in diesel price.
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Biogas plant will get rid of all energy issues for anyone
The plant is capable of powering anything up to a small-size factory.
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Rescue plan: Government approves Rs25.7b bailout for Railways
CDWP shows commitment to revive SOE, also approves projects worth billions.
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Still the majority shareholder: ECC finally lays out a plan for steel mills
Decides to sell a minority stake with management control and inject Rs3 billion.
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Weekly Review: IMF bails out Karachi bourse from corrective spell
Index closes in the black in four out of five sessions as Washington-based lending agency approves loan.
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Power production: Investment programme worth $1.5b underway
A member of the delegation informed Chairman BOI that investment worth $1.5 billion is ready for production of 800MW.
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Pakistan, Turkey to strengthen business ties
MoU to bring in fresh investment, promote joint ventures.
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Network expansion: PTCL to add another submarine cable by 2015
Fourth submarine cable will meet increasing bandwidth demand.
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High returns offered by National Savings hurting private sector
NSS is effectively crowding out private financial firms, claim businessmen.
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Market watch : Stock market maintains upward trend on IMF bailout
Benchmark KSE-100 index rises 314.41 points.
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SECP’s corporate portfolio touches 62,258 companies
Equity market watchdog registers 275 new entities in August.
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In new policy, number of tax audits to be doubled
FBR to select cases through ballot, target highest income groups.
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Hotel chains: Sheraton exits as Karachi loses its sparkle
Industry players say much depends on city’s law and order situation.
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Poverty level: Calculation methodology comes under scrutiny
Govt to take political parties on board to address concerns about data.
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New electricity rate: Farmers win power subsidy bonanza
The Rs23b package comes a day after IMF approved a bailout plan for the country and could invite the lender’s scrutiny
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Pakistan railways: PR signs $48.43 million agreement with China
PR was operating 208 passenger trains in the year 2010-2011 which were reduced to 74.
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European trade: Netherlands hopeful about GSP plus for Pakistan
The exclusive status will give Pakistan a significant edge in the EU market.
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Gems and jewellery show kicks off in Lahore
Exhibition showcases products and potential of the sector.
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OGDC to ramp up gas production from Uch field
Increase of 160 mmcfd to help save $900m in fuel imports.
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Market watch: Stock market bounces back on fresh bailout
Benchmark KSE-100 index rises 575.63 points
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Capacity expansion may spark price war among cement makers
Cement stocks have dropped 16% since July due to infighting.