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Cherat Cement announces record annual profit of Rs1.22 billion
Abnormally high gross margins allow small-cap cement producer to propel earnings.
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Market watch: Bourse stays volatile as cement sector shatters confidence
Benchmark KSE-100 index falls 113 points.
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Market confidence: Investors scramble to buy Lalpir stock
Stock price hits upper lock within minutes of trading.
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Chinese assistance sought for coal gasification
Project will be taken up in bilateral talks slated for this week.
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Progress report: Pakistan secures credit line for Diamer Bhasha Dam
ADB, World Bank agree to finance multi-purpose project.
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Some relief: Power tariff cut by 30 paisa per unit
NEPRA criticises distribution firms for increase in power theft.
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Iran-Pakistan project: Pakistan section of pipeline to miss deadline
Minister says project may consume two more years.
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Australia promises cooperation in trade
Offers assistance in improving crop yields, oil and gas exploration.
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Sybrid, McDonald’s Emirates join hands
Sybrid will handle delivery services for the McDonald’s UAE operations.
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Sitara Chemicals profits grow 50% as industry rues smuggling
Announces dividend of Rs10 per share, while retaining EPS of Rs48.35 per share.
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Pak Suzuki profits falls as demand slows down
Vehicle sales drop 33% in six months to June 2013.
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HUBCO in profit despite operating below capacity
Savings on account of finance expense help company boost bottom-line by 17.5%, announce healthy dividend.
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Market watch: Bourse opens week on a turbulent note
Benchmark KSE-100 index falls 73 points.
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Oil pipeline: Chinese team arriving to hold crucial talks
Both sides will assess technical, financial viability of the project.
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Floods may push cotton prices, affect exports
Due to damage to crops, local market may see cotton shortage.
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Sui Northern Gas Pipelines incurs loss of Rs2.15b in nine months
Notice to KSE also accompanies company’s reservations over OGRA’s UFG benchmarks.
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Regional partners: Pakistan, Nepal deepen economic ties
Finance ministers of both countries discuss lenient trade restrictions, FTA.
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Debate on Vision 2025: Experts doubt PC will come up with credible reforms
Planning minister unveils solutions to problems besetting the country.
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Making the best of it
On the energy front, the Nawaz Administration really does appear keen on making the best of resources.
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Gas prices likely to be pushed up 2.8%
Government seeking end to cross subsidy through restoration of GIDC.
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Boosting yields: Lack of food security in an agrarian economy
Mechanisation and wider use of technology in farming can help increase yields manifold.
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Confused market: Fertiliser industry sends mixed signals
Farmers complain of urea shortage while producers claim otherwise.
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Good seeds, high productivity remain a distant dream
Govt pays little attention towards the sector, which contributes the most to the GDP.
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Breadbasket in distress: Mounting problems farmers face as threat of food security looms
Lack of credit, inputs and technology pose a threat to their crops, incomes.
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Pakistan, Indonesia: With PTA implementation, trade can swell 150%
Envoys of both sides to meet in Sept to resolve all issues.
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Cost of production: High electricity rates spread panic
Spokesman Aptma Punjab further feared that the industry would lose export earnings of $13-14 billion per annum.
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Finance minister confirms first payment by IDB
Payment will boost investor confidence and relieve pressure on forex reserves.
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Demand drive: Yarn production increases to cater to rising demand
Improvement in energy supply and lower Chinese production divert demand to Pakistan.
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Weekly Review: KSE shrugs off Ramazan languor to kick-off upward trend
Index climbs 1.9% during the week with the help of earnings, foreign inflows.
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Chain reaction: ECC bans export of live animals from October 1
Animal exports earn markedly less than processed meat.
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Shying away: Foreign assistance falls behind projections by a third
Disbursements were $1.2b lower than estimate of $3.8b for last fiscal year.
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Boosting trade: Pak-China economic corridor plan gets premier’s go-ahead
Nawaz briefed on Karachi-Lahore motorway project.
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Innovation: Research community aims to boost R&D
PCSIR plans technology parks for various cities and industries.
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Finance pool: SMEs gain enhanced access to capital markets
SMEDA and ISE sign MoU to facilitate access to sources of funds.
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Linde’s earnings suffer due to financing expansions
Announces fall in profits as surging finance costs negate growth in revenues.
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Growing gap: Imports outpace exports as trade deficit grows
Chances of achieving deficit target grows grim keeping in view the data for July.
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Corporate results: MCB Bank earns Rs11.9b in a span of six months
Sale of stake in Unilever Pakistan, reclaimed bad loans absorb drop in core income.
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Market watch: Stock market stumbles after post-Eid optimism
Benchmark KSE-100 index falls 14.59 points.
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Uptrend in real estate market unlikely to end anytime soon
Some players expect correction, but most expect rates to keep rising.
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Pakistan Refinery launches bonds, targeting to raise Rs4 billion
Senior managers pledge Rs8m for three- and five-year bond issues.
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Nandipur power project: Report rules out unnecessary increase in revised cost
High-powered committee submits report to the prime minister.
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Agriculture university to set up first solar power plant
Shahbaz Sharif will lay foundation stone of clean energy project.
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Thar coal: MoU to set up 6,000MW power plants
SECMC joins hands with Chinese firms to exploit coal reserves.
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Pakistan Tobacco adds Rs10m a day to profits
Earnings for the quarter clocks in at Rs1b, announces Rs2 per share dividend .
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Australia allows import of Pakistani mangoes
Permission boosts confidence, encourages industry to invest .
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Market watch: Foreign inflows buoy KSE as earnings disappoint
Benchmark KSE-100 index climbs 75 points.
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Bank Alfalah’s profits take a hit amid low-interest environment
Posts profit of Rs1.94b as core income drops.
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Corporate results: Pakistan Oilfields leads Attock Group companies with Rs10.8 billion profit
All companies of the group announce profits and dividends.
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Punjab to produce over 350MW from alternative energy
Selects 11 sites for solar, coal, biogas, biomass and wind power projects.
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Reserves under pressure: Pakistan repays another $145m to IMF today
Promised IDB assistance could not come in time support forex reserves.