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Pakistan railways: Minister constitutes body to probe discrepancies
The committee is directed to submit its recommendations within 30 days.
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Good times ahead?: Pakistani businessmen are looking at the future positively
Investors optimistic about inflation and FDI, but Karachiites remain downcast .
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PIA hires operations director without requisite approvals
The bone of contention in Jameel’s appointment is his academic qualification.
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Credit rating: S&P puts Pakistan in speculative bracket
High interest, low revenue restrict govt’s manoeuvrability.
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Market watch: Across-the-board selling pulls bourse down 220 points
Inflation figures also dampen investor sentiments as shortened week ends.
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Liquidity crunch: Drain on SBP’s reserves dents forex reserves
Increased imports and IMF bailout haemorrhage currency reserves.
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Out of bread: Pakistan eyes largest wheat imports as supply dwindles
Purchases to climb to highest in five years after delayed planting and reduced fertiliser use hit domestic output.
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Russia offers funds to revive Pakistan Steel Mills
Finances to be used to enhance production capacity to 3m tons a year .
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Consumer price index: Inflation rebounds to alarming levels
Staggering increase in inflation in the first month of current fiscal will challenge new policies.
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Islamic finance: Industry body launches manual for credit unions
The World Council hopes the manual will help to develop Islamic credit unions across a wide range of markets.
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Olá Brasil!: Brazil introduces 5-year multiple entry visas for Pakistani businessmen
Envoy hopes bilateral trade increases to $1b, highlights energy as an area of interest.
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Sindh Engro Coal Mining Company plans to set up 600MW plant
Plant to be completed in three and a half years, will expand capacity to 1,200MW.
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Corporate results: Atlas Hondas revs up earnings
Steady sales in the local market boosts profits despite lower exports.
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FBR’s web portal makes filing returns cumbersome
Businessmen want extension of deadline for filing sales tax returns for June.
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Market watch: Volatility keeps KSE hovering above 23,300-point level
Benchmark KSE-100 index falls 28 points.
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Sticking to tradition: Despite taxing at higher rates, FBR misses collection target
Without fixing the system, the govt can never achieve revenue targets.
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Why (not) so serious?: US keen to revive Bilateral Investment Treaty
Agreement still not approved after nine years as Pakistan objects to several US demands.
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Countering devaluation: Govt slaps temporary ban on gold import
Move taken to save foreign reserves as importers were smuggling the commodity to India.
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Price hike: Oil prices likely to rise by Rs4.99 per litre
Ogra proposes not to pass hike by adjusting rate of Petroleum Levy.
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SCB hires ex-Morgan Stanley banker for MENAP
Region contributes 80% of earnings; bank wants to focus on bigger clients.
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Businessmen want completion of motorway
The Hyderabad-Karachi highway is pending from the last four years.
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‘Innovation only way out for auto industry’
Parts manufacturers fear open trade will sink them with Indian imports.
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Corporate results: Growth at Meezan Bank slows due to shrinking spreads
Islamic banking giant announces profit of Rs1.9b for the second half of fiscal 2013.
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Top seat: Ahmad Janjua takes charge of PSO as managing director
PSO cannot afford to be complacent in response to the present and future business challenges, says Janjua.
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Market watch: Bourse continues on the correction path
Benchmark KSE-100 index falls 30 points.
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Engro Foods still going strong
The company managed higher profits despite drop in sales, faces slowdown in second quarter.
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Trouble on the tracks: Business Express blames patchy service on Railways
Pakistan Railways denies accusation that it is ignoring Pak Business Express’ demands.
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Correlated markets: Bond market signals downward valuation, end of bull run at KSE
Correlation between bond, stock market hints stocks tend to be bearish when bond prices go down.
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Equity injection?: Pakistan Steel Mills requests Rs17 billion handout
Asks government for money to pay salaries, free up supply chain.
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Urea Imports: TCP awards tender for 75,000 tons
TCP received 17 bids in total out of which 15 bids were considered valid based on the required criteria.
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‘We must grab a bigger share in halal market’
VC says Food Act must be implemented to stop food adulteration.
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Kick-start the economy
Best way to kick-start economy is to invest in projects producing the commodity in greatest demand: electricity.
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CGT collection stands at Rs1.25b in FY13
Clearing company gets almost half of the tax in 4th quarter.
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Power generation Punjab to spend Rs12 billion on projects
Power generating projects of 200 megawatts (MW) will be executed with public-private partnership.
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Khokrapar-Monabao border: World Bank asked to study trade promotion
KCCI suggests all facilities should be provided to boost trade with India.
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Urea makers fear decline in food production
Say weak urea demand can reduce wheat output, increase flour prices.
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Corporate results: Fauji Fertilizer stumbles after steep run
Company declares dividend amid drop in earnings and cash outflow.
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Market watch: A bump in the upward trend
Benchmark KSE-100 index falls 181 points.
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Vimpelcom sells Africa assets, eyes Warid: sources
Vimpelcom’s unit Orascom Telecom operates under the name Mobilink, and is the sector leader.
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Refineries reluctant to deposit deemed duty in Escrow accounts
Also fail to obey govt’s directives to upgrade their plants to comply with Euro II standards.
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Policy shift: Government plans to produce power from coal on a big scale
Power ministry seeks clearance for 9,800MW coal-run power plants.
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Development halted: Planning committee fails to meet deadline to review PSDP
About Rs3 trillion worth of programmes still need review as provinces disagree over share of budget.
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Debt trap – do we have any exit?
Government must prepare, revise debt management policy every year.
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Science, technology and Pakistan’s energy crisis
Energy shortage provides opportunity to build a 21st century innovation ecosystem.
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Energy efficiency key to resolving power crisis
Pakistan can increase available power by up to 20% by plugging leaks.
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Gadani ship breaking: a glimpse into the abyss
Labourers languish in one of the country’s most hazardous industries.
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Hack and crack: Cyber crimes and the monetary losses inflicted
In Pakistan, the securest new technology becomes vulnerable with ease.
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Forget roti kapra aur makaan: Why lifestyle products, not necessities, are driving inflation
CPI indicates the average Pakistani consumer is spending more on improving his existing lifestyle .
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Iran port agreement will help boost exports: Afghanistan
Iran will allow land-locked Afghanistan to use the port to export goods to India and other countries.
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Exporters ready to fund new agri-research
Say issues like diseases, low yield impossible to fix without research.