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GST increase believed to stoke up inflation
Experts say govt should rely more on direct taxes.
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Cage-free bulls: Federal budget bodes well for Pakistani equity markets
Analysts remain bullish on the KSE-100 index for the fiscal year 2014.
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Absence of fiscal incentives leave energy, oil and gas sectors worse off
Gov't commits to resolving circular debt, however, industry still remains confused about the measures.
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Rayyan Air: Direct air link between Islamabad and Kashgar soon
The first flight from Islamabad to Kashgar will take off on June 26, 2013.
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Deep Water Containers Port to be completed by end-2014
New minister for ports says he will vigorously pursue all projects.
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Finance: Businessmen praise banking sector’s performance
Although Islamic finance is at emerging stage of development in Pakistan, it has experienced rapid expansion.
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Punjab plans agri reforms to enhance productivity
Revives advisory committees, will formulate a progressive policy.
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Tax collection: Govt defends decision to raise GST before end of fiscal year
Finance minister claims the move is legal and was a norm for previous govts.
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Self-styled success: For Brighto Paints, prosperity hasn’t come easy
Management has built the company with its own resources, over 40 long years.
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SBP quarterly report: The banks are not too big to fail, the government is
State Bank now seeking to contain the damage from the finance ministry’s profligacy.
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Weekly Review: Pro-business budget helps KSE sustain upward drive
Businesses get concessions in the budget, including a cut in corporate tax rate.
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Withdrawal of tax exemption irks tribal belt residents
Claim region’s industries will suffer greatly.
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Performance: Adamjee Life’s funds show positive trend
Amanat Islamic Fund is an Islamic open-end asset allocation and investment fund.
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Currency: Rupee steady against dollar
Overseas Pakistani workers have so far remitted $9.234 billion in the ongoing fiscal year.
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Government misses chance to slap wealth tax
Bengali suggests tax should be imposed on 700,000 affluent.
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Govt vows crackdown on corruption in EOBI
Dar says summary proposing remedial measures should be sent to PM.
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Market watch: KSE undergoes correction
Benchmark KSE-100 index dives 216 points as oil, banking stocks dip.
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Data anomaly puts question mark over economy’s size
Statistics bureau and Suparco have different crop figures.
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New tax measures: PML-N stretches the net to help banks avoid taxes
On the contrary, tax burden on salaried, non-corporate business classes has risen substantially.
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Local businesses get a crash course on US GSP programme
Seminar details advantages for exporters to reap benefits.
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Going green: Bank Alfalah aims to lead the financial sector
The solar plant produces 12KW of energy per day.
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Tackling challenges: PM tells cabinet members to demonstrate governance
Says if ministers fail to achieve targets within 90 days, they may face sacking .
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Telecom sector stresses deploying new technology
Experts gather at seminar to scrutinise previous mistakes and future options.
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Energy woes: Gas needs of the power sector ignored since 2005
Economic survey suggests additions in gas supply diverted to industries.
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TCC gives up Reko Diq rights
“Recent developments have regrettably compelled TCC to withdraw the request for specific performance,” says...
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Bailout package: Talks with IMF on Pakistan’s terms, says Dar
IMF team to review the country’s ability to pay back previous loans.
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Auto industry dissatisfied with the budget
Decision to allow duty-free imports of hybrid cars irks manufacturers.
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Market Watch: Budget 2014 propels bourse to record high
Index gains 433 points after aggressive buying in blue chips.
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Govt has no plans to privatise Pakistan Railways: Minister
Instead, company will rely on public-private partnership to return to profitability.
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SECP takes action against non-compliant companies
Issues 189 notices to companies found violating procedures.
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KSE fails to enter MSCI’s Emerging Market Index
However, Pakistan’s weight in Frontier Market Index will go up as UAE, Qatar exit.
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Govt fails in reducing reliance on foreign assistance
Budgets $5.7b, 137% higher, in external loans and aid for the fiscal year 2013-14.
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CJP takes suo moto notice on price hike of petroleum products
Notices sent to the attorney general and OGRA officials.
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Finding faults: Traders bemoan federal budget
Claim it will pose additional burden on the poor.
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Budgeting with enthusiasm
Finance minister has presented a pro-market budget, but its macroeconomic framework will be a hard sell for the IFIs.
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Budget 2014 propels bourse to record high
Karachi Stock Exchange’s benchmark 100-share index gained 1.94% or 433.15 points to end at 22,757.72 point level.
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Annual plan 2013-14: Govt will not scrap Iran gas pipeline project
Officially announces commitment to project; expects first flow of gas by end of 2014.
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Analysis: Defending economic freedom in words, lobbying interests in actions
Ishaq Dar appears to have left the drafting of the tax policy to the bureaucrats at the FBR.
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Market Watch: Bourse rallies ahead of annual budget
Led by oil and energy stocks, benchmark KSE-100 index gains 116 points.
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PSDP gets 50% more allocation amid resource constraints
Rs540b will be spent on development to spur economic activity.
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Subsidies worth Rs240b set aside for energy firms, commodities
Allocation is far lower than the amount doled out in outgoing year.
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Focus shifts to coal-fired plants to arrest rising power cost
ADB will provide most of the funds for these plants.
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New tax measures to boost revenues by Rs202.6 billion
Govt hopes to increase tax-to-GDP ratio to at least 9.7%.
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Pakistan Economic Survey: Power crisis to persist, affect economic growth
Power generation outstripped by increasing demand.
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Outgoing Indian envoy’s stint termed remarkable
Businessmen highlight progress made in economic ties.
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First of its kind: Allied Bank inaugurates solar-powered branch
The branch is located at Jhang Road, Faisalabad.
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Bleeding dry: Power theft eats up Rs40 billion every year
Ministry asked to take steps to recover unpaid bills.
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Engro suggests creation of single energy ministry
Lays out solutions to energy woes in a comprehensive report.
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PPP govt misses crucial agriculture target
Growth slowed to even less than what was recorded last year.
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Manufacturing witnesses rebound from last year
Sector grew by a healthy 4.26% during July 2012-March 2013.