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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.
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Federal Board of Revenue allows relief in income tax on old cars
Due to confusion in finance bill, owners were taxed double for lifetime tokens.
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Investor Confidence: Citibank delegation calls on finance minister
Citibank offers expertise and services to the government of Pakistan for floating bonds and raising capital.
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People shift money from banks to real estate to dodge FBR
Prices of one-kanal plot have increased by Rs4m in some city areas.
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British-based bank: SCB runs second largest Islamic window in Pakistan
Islamic banking division head believes in 3 years share of Islamic banking within Standard Chartered will cross 15%.
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Project in limbo: Indus Refinery sponsor struggles to revive project
Refinery dormant as main sponsor has failed to woo suitable partners in the face of tough economic conditions.
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Weekly Review: KSE-100 closes the week flat after profit-taking
Index climbed as high as 23,871 points before slipping down.
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Pending in court: Jamshoro power plant fights for its land
Man accused of occupation denies ownership of proposed housing scheme.
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Pakistan must exploit mineral wealth: officials
The sector continues to be underutilised, contributing only 1% to the GDP.
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Honda Atlas beats analyst forecasts, posts impressive growth
Profit stands at Rs328m in April-June quarter against loss a year earlier.
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Market watch: Earnings fail to bring excitement as index falls
Benchmark KSE-100 index sheds 77 points.
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Transporters agree to lesser increase in taxes
FBR to take up the matter with finance ministry.
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Corporate results: Fauji’s positive earnings driven almost entirely by DAP
Financial results show nearly double sales compared to last year.
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Steel industry fears going bust due to tariff hikes
Asks govt to take stakeholders into confidence before taking decisions.
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Budgetary support: ADB asks Pakistan to bring house in order
Wants it to expedite completion of projects, reviews current assistance to Islamabad.
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Calling it a day: Canadian oil and gas firm decides to quit Pakistan
Low gas price is said to be a key reason for winding up company.
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Fuel: Govt informed of possibility of oil reserves in Kashmir
India was exploring oil and gas from occupied part of the territory, says Raza Ahmad.
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Wind projects to start generating power in a year
Sindh has approved 26 projects with a combined capacity of 1,000MW.
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Rupee hits 104.7 in open market, recovers later
Exchange firms believe currency will regain lost ground soon.
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Petroleum products: OMCs, dealers may continue collecting high margins
Study aimed at finalising margins remains incomplete after three months.
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Market watch: Rally ends as KSE experiences correction
Benchmark KSE-100 index falls 203 points.
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Cash strapped: PSO still in the grips of circular debt
Company receivables at Rs90 billion despite government payout.
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Year of the yarn: Nishat Chunian acquires Taj Textile for Rs350 million
Business is booming as China fuels yarn demand, Pakistani exports predicted to increase in 2013 and beyond.
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(Un)healthy animals: Australia clears exporter of responsibility for sheep cull
Insists the exporter of sheep to Pakistan complied with all the conditions.
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Seeking ‘best’ advice: Etisalat hires Goldman to advise on Warid acquisition
Acquisition will give UAE-based operator an opportunity to consolidate its operations in Pakistan.
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Focused approach: Govt to provide subsidised electricity to industries
Pledges to attract foreign, local investment to reduce unemployment.
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Energy mix: PEC sets up on-grid solar power generation project
The excess electricity will be delivered to the national grid under a Feed-In-Tariff regime.
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Fund of funds: UBL’s mutual fund IPO attracts Rs825 million
Principal Protected Fund II has attracted investments from various sectors.
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Finance minister briefed on privatisation
Commission allowed to nominate one board member for each SOE.
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Engro may provide only terminal services for LNG import
Company denies getting fast-track LNG import project.
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Market watch: Bank stocks send KSE-100 to a new record high
Benchmark index adds 93 points to close at 23,776.
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Travel agents say future is bright
By focusing on tours and competition, agencies make profit despite lack of support.
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corporate results: EFU Life’s profit drops 22% on fall in investment income
Premiums, however, rise 14% in the six months ended June 30.
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Taking matter into own hands: SITE businesses want private guards with policing powers
This requires long and cumbersome legislation process, say expert.
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Diamer Bhasha Dam: US approves grant for due diligence, feasibility study
American involvement in project matters more than the funds it will provide, say experts.
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Dollar rises in Asian trading
The dollar had been boosted by speculation that the US Federal Reserve would wind down its massive stimulus drive.
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OGDC MD resigns on fears of being sacked
Govt in process of removing heads of some oil and gas firms.
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Urea import to cost Rs452 billion, claim manufacturers
Industry says it has sufficient capacity, can even export fertiliser.
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Corporate results: Provisions for bad loans eat up Askari Bank’s profitability
Reports a loss of Rs4.1 billion for the semi-annual period, announces 55% rights share issue .
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Market watch: KSE seesaws, but manages to close up barely in the black
Benchmark KSE-100 index rises 26 points.
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Non-life insurance: Growth stunted in sector despite high competition
Experts believe short-range business strategy has hindered industry-wide expansion.
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Steel Mills, KESC reach agreement over dues row
Power supplier restores electricity supply to PSM after partial payment.
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Sidelining the board, AEDB issues letter of intent for power plants
Board secretary writes letter to power minister, alleges wrongdoing.
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TAPI pipeline: Project participants, ADB fail to agree on advisory fee
Bank cautions project cost can rise past $10b from estimates of $7.5b.
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Details of Rs480 billion circular debt pay-off released
Rs23 billion worth of debt still needs to be paid.
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Scientists sound new warning for rising arsenic in rice
New study says arsenic levels of 200mgs or more per kg are found in significant percentages of rice grown in Pakistan.
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Fertiliser demand: TCP awards tender for import of 75,000 tons of urea
Tender is awarded to Swiss Singapore Overseas Enterprises
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Ssgc notice: CNG stations to stay shut for three days this week
CNG stations will be closed on Tuesday, Thursday and Saturday.