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New bailout in jeopardy: IMF, government stick to their guns
Dar says govt will not compromise national interests for loan programme.
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Inflation: Index up 1.08% during week
The SPI for the week under review for the above mentioned group was recorded at 193.86 points.
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Compulsory Standards: Work on quality policy gains pace
A workshop on the National Quality Policy was held in Lahore on Friday.
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Govt assures timely completion of IP project
Secretary reiterates commitment to project and adherence to schedule.
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Lahore Shopping Festival seeks to lure consumers
Organisers hope nine-day gala will revive economic activity.
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Prominent economist takes shot at Federal Budget 2013-14
Dr Khan questions the govt’s optimism on many fronts, including the power crisis.
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Risk worth taking: PPL to drill deep-sea well despite past failures
Well to be drilled up to a depth of 3,000 metres below seabed.
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Mutual funds industry opposes duty on asset management companies
Says it is unfair that sector is being taxed at both provincial and federal levels.
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Joint venture: PPL, Orion Energy to invest $100m in offshore drilling
They will also form special purpose company for establishing a 20 to 25-megawatt power plant.
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Market Watch: KSE closes fiscal year on a mixed note
Benchmark KSE-100 index falls 10 points.
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Canadian miner to challenge Reko Diq ruling internationally
High commissioner says case will go against Pakistan in international courts.
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Energy crisis: Govt plans to recover power bills from provinces’ share in taxes
ECC to take up plan in next meeting which is aimed at curbing circular debt.
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Oil prices set to rise by up to Rs3.66 per litre
The impact of the increase in GST is also included in the proposed oil price increase.
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Gold prices go down, further price decrease expected
Gold prices are expected to go down to Rs42,000 per tola, says President Sindh Sarafa Association.
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Target set: IPPs must turn to coal to get circular debt cleared
ECC approves settlement of Rs503b dues in 45 days.
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Road plan: Malakand tunnel to be constructed with Korean loan
The 9.7 km project includes three bridges and approach roads on both sides of the tunnel.
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Energy mix: Seminar on the potential of green energy held
Businessmen, academics urge shift to coal, bio-diesel and solar power.
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‘Microfinance essential to achieve prosperity‘
To prosper, Pakistan needs to increase tax-to-GDP ratio to 20%: Minister .
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Most farmers use substandard hybrid maize seeds
Experts advise use of best-quality seeds to avoid production losses.
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Market watch: KSE volatile as fiscal 2013 draws to a close
Benchmark KSE-100 index gains 13 points.
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First effluent treatment plant being set up to meet WTO standards
Plant will be established in Faisalabad estate at a cost of Rs3.6 billion.
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US, Pakistan work on clearing trade hurdles
Make progress on Bilateral Investment Treaty.
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DAMAC Properties: Dubai-based developer to tour Pakistan this week
DAMAC says Pakistanis are among the top 10 investors in UAE real estate.
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The times they are a-changin’: PSO plans major operational overhaul for the future
Company’s plans include entering refining, shipping and coal businesses.
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LHC suspends IHC verdict on amnesty scheme for cars
Lahore court asks federal government to submit its reply in response to the latest development in a week.
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Energy shortage: PM emphasises alternative energy potential
All avenues need to be explored and every effort made to tap the alternative energy potential of the country, says PM.
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US to help Pakistan develop safety code
Measures to help protect human capital, infrastructure.
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Jabban hydropower project begins test run
Work on reconstructing 22MW power station completed.
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Tax tribunal to be fully automated to streamline process
After Karachi, system in Lahore and Islamabad will be connected online.
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Bug infestation: Exporters confirm Mexico has detained rice shipment
A consignment of around 3,000 tons of rice has been seized and quarantined.
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Access to finance: USAID launches private equity fund for Pakistan
Abraaj Group and JS Private Equity will partner with USAID to run fund.
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Market watch: Bourse continues to correct as volatility prevails
Led by banking sector, index loses 108 points.
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Contracting margins: Banking spreads to shrink in first half of fiscal 2014
With deposit rates at seven-year low, outlook for the banking sector is dismal.
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The considerate patron: PML-N to absorb Rs200b in additional tariff increases
Govt is unwilling to pass on Rs2.61 per unit hike in power tariff to consumers.
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Nandipur project: Govt intensifies efforts to resume work on power plant
Renegotiates deal with Chinese contractor, ministry seeks loan guarantees.
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Gas theft costs Rs750m in revenue every month: SNGPL GM
Says all efforts are being made to reduce instances of gas theft.
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Mexico stops contaminated rice shipment from Pakistan
Mexican customs officials discover the shipment was contaminated by a tiny beetle that destroys grain products.
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Trade partners: Finance minister supports strong ties with the US
A strong social protection system will be introduced to tackle the issue of poverty, says Dar.
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Exports: Pakistani mangoes debut in Mauritius
The overall import of mangoes of Mauritius is $ 1.5 billion annually.
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Gas loadshedding: Unexpected gas shutdown irks industry
PTEA lashes out at SNGPL for cutting off gas without informing stakeholder.
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Intel unveils latest range of processors
Processors better in performance, graphics and power consumption.
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CNG sector hoping new govt will lift ban on equipment imports
Says ban has hurt the car manufacturing industry.
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CCI being approached for revising 2012 petroleum policy
If approved, it will ease burden of billions of dollars on consumers.
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Market watch: Equities recover as investors gain heart
Local institutional activity buoys bourse to help it close green.
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Government continues to level allegations against KESC
Officials claim utility’s agreement to buy 650MW from national grid is illegal.
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KSE opposes decision to allow FBR access to bank accounts
Says the move will result in “undue harassment” by tax authorities.
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Rationing supplies: Govt plans energy audit to stem gas wastage
Audit to cover fertiliser plants, captive power plants of textile units.
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Consistent disappointment: FBR resorts to coercion to cover revenue shortfall
Tax authority forcing banks to pay advance income taxes to hide its own inefficiencies.
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Field Maintenance: Gas holiday for industrial units
SNGPL warned that the company would conduct strict monitoring during gas holidays.
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Power sector: Prime minister apprised of features of new energy policy
Transparency must be maintained during implementation of the policy, says premier.