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‘3G licence auction alone can take 6-8 months’
Required reconstitution of PTA has resulted in delays.
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Market watch: KSE stages comeback ahead of Eid holidays
Index climbs 615 points to close shortened week on a positive note.
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Corporate results: Fatima Fertilizer Company’s profits grow by a third in first half of 2013
Revenues grow by a fourth, results unaccompanied by any payout for the period .
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Government kicks off probe into steel mill corruption
Industries ministry to give details of mill’s income, expenses in ECC meeting.
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Cheating the tax-man: Gold traders drain precious foreign reserves
Traders used unscrupulous methods to sidestep official bodies .
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Free (policy) advice: WB urges normalisation of trade ties with India
In a policy note, WB also advises country to open borders, reframe transit trade treaty, adopt pro-consumer policies.
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Consumer court: Farmer sues seed seller for Rs1.2m
Muhammad Arif, the respondent, said the crop had not grown because the seeds had not been sown properly.
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Stocking urea: TCP awards tender for import of 150,000 tons
TCP received 15 bids, out of which 14 were found responsive in terms of prescribed evaluation criteria.
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Fixing ourselves: Development community urged for action instead of just floating ‘policies’
Former LUMS vice chancellor asks community to develop framework.
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Grey telecom traffic increases considerably
Information technology secretary calls for steps to control illegal traffic.
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Pakistan to establish its first laptop assembly plant
Facility will be part of government’s programme to develop skilled labour.
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Market watch: KSE stays bearish for third consecutive day
Poor earning announcements keep bourse on correction path.
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Corporate results: OGDC announces sub-par earnings
Profits decline as company intensifies exploration activities.
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Water storage in Mangla Dam reaches historic high
Power generation to jump by 110MW after increase.
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Solving energy crisis: Indian firms to manufacture ‘power packs’ in Pakistan
They will transfer technology to local joint-venture partners.
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Development projects: Fund releases remain slow as govt grapples with priorities
Only Rs14.5b released in July against Rs540b annual development programme.
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Cost of production: Cement sector profitability to be hit by electricity tariff
Hike in electricity and gas prices to hit companies without captive power plants.
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Govt to bridge gap between cost, sale price of electricity
The minister says govt making efforts to produce cheap electricity.
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Corporate results: Engro Polymer and Chemicals sees profitability jump sixfold
Despite stellar performance, shares took a battering as result is below-street estimates .
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Market watch: KSE tumbles 390 points as local, foreign investors offload
Circulation of negative rumours, Engro Foods light the fuse.
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Riaz Khan made acting head of OGDC
Former chief resigns amid investigation by government officials.
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Opportunity to raise funds: Right time to float bonds in global market, believe analysts
Investors’ sentiments improve as Pakistan’s dollar bonds rally.
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Barter trade: Government to push ahead with wheat export to Iran
Pakistan to continue with barter trade to finance power purchase.
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Austere measures: Budget deficit stands below Rs2 trillion target
Support came from Rs48b savings by provinces, lower development spending.
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Reversing the tide: Partial resolution of circular debt improves oil and gas sector’s outlook
Revision of margins, phase-out of CNG sector to support growth prospects this fiscal .
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In fiscal 2014, cement sector to solidify position as margins expected to grow further
With low international coal prices, sector to deliver 12% growth in earnings assuming no further increase in prices.
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Auto assemblers expect to further rev up positions this fiscal year
Age restrictions on imports, boost in leasing to drive revenue growth.
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The future of the banking sector
Will banks finally rebound or continue to stagnate?.
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Telecom: Joyride is over, but for whom?
After a decade of stellar growth telecoms looking at consolidation.
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A hopeful mogul: Arif Habib remains upbeat on corporate Pakistan’s future
Thinks bull run will continue, predicts emergence of new entrepreneurs.
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Industry linkages: SECP issues draft regulations for information sharing
The CISSII is meant for information sharing among the insurance companies.
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Food companies expand on the back of rapid urbanisation
Consumers in cities increasingly opt for packed food products.
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Production cost could swell after oil price hike
Industry asks govt to review the price increase and provide relief.
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HESCO blames police for not helping arrest electricity thieves
Company also accuses Sindh govt of not paying Rs21 billion in bills.
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Restructuring and regrouping: Engro Foods addresses supply chain weakness
Company regroups after losing its main distributors in Karachi.
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Trade finance: IDB to extend $150m for urea and oil import
To provide another €750m in loans, pressure on reserves to ease.
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Weekly Review: Profit-taking drags Karachi Stock Exchange down 1.83%
Investors chose to book profits ahead of Eid holidays.
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First things first
The decision by the PML-N government to go ahead with the pipeline project, is wise.
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Gas pipeline: Pakistan wants Iran to finance project in full
Foreign Office to assess impact of US sanctions on the project.
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Together at last: ACCA, IMA announce global strategic initiative
ACCA and IMA represent 653,000 members and candidates.
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Tech ministry to focus on renewable energy
MoU signed with various organisations to help with production.
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Businessmen welcome Pak-US strategic dialogue
Hope thriving bilateral relations can create new opportunities.
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Textile industry braces for power tariff increase
Exporters say they shouldn’t have to suffer for govt’s inefficiencies.
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PASSCO earns Rs421 million in FY13
Plans to start supplying certified and graded seeds.
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Winning investment strategy shifts to frontier markets
Developed and frontier stocks outperformed emerging equities.
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New private equity fund exposes lucrative prospects in Pakistan
Local entrepreneurs return from US to take advantage of open market.
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Bold steps needed to address formidable challenges, says WB
Lender asks Pakistan to remain steadfast in implementing elusive reforms.
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Business-to-business: Metro’s business model shields it from competition
Retail boom in Pakistan has made the sector attractive for both local, foreign chains.
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Planning ahead: Nawaz for fast-tracking power generation
Says circular debt can arise again if difficult decisions are not taken now.
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Pakistan railways: Minister constitutes body to probe discrepancies
The committee is directed to submit its recommendations within 30 days.