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Lala Textiles promises ‘something unique’ for the Indian women
Well-established textile firm ventures into the Indian market.
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CLARIFICATION: WAPDA says Diamer Bhasha Dam still top priority
A spokesperson says Wapda is executing Diamer Dam as a priority project.
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Retailers’ conference underlines need for entrepreneurial spirit
Need for training at the grassroots level highlighted.
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With focus on Karachi, Sitara Chemical may earn record profits
Earnings have already grown 64% to Rs756m in nine months of FY13.
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Enough dillydallying: Govt gives 10-day deadline to settle row with Etisalat
UAE telecom firm has yet to pay $800m for purchase of PTCL shares.
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Telecom: IT minister allays industry’s fears over Universal Services Fund
Minister assures telecom sector fund will not be used to pay off circular debt.
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Show cause notice: SECP acts against Takaful operators
Regulatory body takes conventional and Islamic insurers to task.
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Market watch: Market gains 0.96% as IMF deal materialises
Investors maintain positive outlook from IMF deal.
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Telecom sector to see $2-3b investment in next 3 years
3G auction could net the govt over $1 billion.
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Govt to lease fuel storage, delivery facilities to PSO
Move to tackle $200m worth of oil theft in power companies.
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IMF preconditions for bailout: Clock ticking for tax thieves as govt clamps down
Islamabad initiates action against 100,000 tax evaders to secure $5.3b loan.
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Indian rupee falls second time in two weeks
The government has intervened to try and help the Indian rupee to recover.
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Korean firms keen to invest in Pakistan: envoy
South Korean Ambassador Jong Hwan-song said many Korean companies are keen to invest in Pakistan.
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NIT beats market, gives 58% return in FY13
Asset management firm announces Rs3.75 per unit dividend.
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Trade enhancement: FPCCI, Taiwanese counterpart sign MoU
The MoU will provide a roadmap for enhancing trade and investment collaboration.
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Water supply: KWSB signs MoU with Chinese firm
The MoU would provide cooperation in the Greater Karachi Water Supply Project K-IV.
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UBL Funds offers new ‘risk-free’ fund for cautious investors
UBL Principal Protected Fund 2 will be offered to investors on July 15.
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Standard Chartered to help Pakistan forge better trade ties with India
Bank also willing to finance vital energy projects in Pakistan.
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SECP registers 366 new companies in June
Most firms registered in Islamabad, followed by Lahore and Karachi.
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Uncertainty prevails: Lenders seek guarantees before funding Bhasha Dam
WAPDA shifts focus from Diamer Bhasha to Dasu hydropower project.
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Roadmap: Carriage freight plan is inevitable, says railways minister
Timetable and schedule for restructuring of ailing enterprise outlined.
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OGRA moves against CNG stations in residential areas
Issues 1,000 show cause notices citing public safety concerns.
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Setting the game plan: Govt okays power projects totalling 3,511MW
Two nuclear power plants to be built in Karachi with Chinese assistance.
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Market Watch: Market rallies amid news of possible IMF bailout
Stocks at cautious highs amid reports of IMF bailout.
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'Home-grown': IMF agrees to a $5.3bn bailout package
We are members of IMF and not begging, says finance minister.
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Work environment: DISCOs adopt rules to protect female workers
Programme strives to provide women with basic necessities at workplace and ensures protection of their basic rights.
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Private sector lending to remain depressed: Analysts
Shrinking spreads unlikely to spur credit off-take to private sector.
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Pakistan and Poland to set up joint economic commission
Pakistani delegation received by high-ranking officials for trade discussions.
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Neelum Jhelum project: Saudi Arabia clears way for $100 million loan
Pakistani team to leave for Riyadh on July 7 to clinch loan deal.
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Domestic cement sales hit record highs
Manufacturers sold 25m tons last year, exports stayed stagnant.
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Government calls on all-star team to manage PIA
Board of directors of national carrier reconstituted, big names brought in.
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Honouring commitments: Appeased for now, IPPs withdraw cases against govt
Release of funds to clear outstanding dues has given hope to investors.
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Runaway costs: Government planning to privatise Nandipur power project
Private sector will meet financing needs, complete the project.
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Market Watch: Bull run extended to third straight day
Market rises on support from local institutions.
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With Chinese assistance: ECNEC set to approve three nuclear power plants
Neelum Jhelum power project will also be considered for approval, despite higher cost.
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Pakistani brothers launch Smartphone app with $175,000 backing from Kima Ventures
The team is working on releasing their Android and iPhone appsfor Artsly soon.
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$5.3b bailout package: Govt gives in to key IMF demand
Agrees to withdraw tax exemption for affluent class, paving way for programme.
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Investors, company officials meet before Lalpir IPO
Company delighted at overwhelming response it has received so far.
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Expanding scope: Morocco for exploring avenues of cooperation
Exchange of trade delegations is an effective tool that can identify trade potential and export products, says envoy.
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Electricity meters: USAID upgrades DISCOs’ infrastructure
Thousands of obsolete meters replaced with new, accurate ones.
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Exide Pakistan reports hefty 52% increase in profitability
Company has remained off most investors’ radars so far.
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King of fruits: Bahawalpur hosts first-ever National Mango Festival
Experts gather to exchange ideas to promote mango in the global market.
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Market watch: New (fiscal) year buying spree gains pace
Bourse rises 281 points on improved investor activity.
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LNG import: Pakistan to resume stalled talks with Qatar
ECC gives top priority to import of 500 mmcfd in a govt-to-govt deal.
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PML-N govt diverts IP pipeline funds to cover fiscal deficit
Seeks to amend GIDC Act to allow it to manipulate gas prices at will.
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UK’s quarantine department destroying all shipments of Pakistani mangoes
Exporters claim fruit fly contamination; blame growers, govt.
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CDWP meeting: Nandipur project okayed with 160% higher cost
Govt will ‘fix’ people responsible for the delay and escalation in costs.
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Hectic negotiations: Amidst gridlock, IMF extends stay by two days
Finance minister says no new taxes will be levied; agrees to increase power tariff.
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Infrastructure: Minister for ports claims ‘textile city’ to be established in Karachi soon
According to the minister the government has already acquired land within the city to allocate to the project.
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Pakistan Railways: Freight trains to be added, services improved
Minister for railways outlines steps to revamp loss making enterprise.