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PEPCO’s debt soars to Rs350b
Company officials see debt piling up that will increase power shortage.
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Cut your losses: Temasek may be selling off NIB Bank to Chinese bank
Industrial and Commercial Bank of China rumoured to acquire Pakistani lender.
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Currency swap agreements: Easing pressure on the rupee
However, renminbi revaluation could have adverse effects.
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Trade with India: Political, economic policy need to be on the same page
MFN status will help bring a paradigm shift in our diplomatic ties.
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Capital markets: Burj Capital thrives against the tide
The firm plans on becoming a full service emerging markets investment bank.
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The resurgence of Pakistan’s middle class: Moving up the social ladder
How an expanding, banking sector created a path to the middle class.
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From gold to dollar: How the modern financial system is undermining Pakistan
The US has the ability to not just tax its own citizens but also foreign countries.
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Retail expansion: World’s largest chain silent on entering Pakistani market
Experts say that global retailers would find the country far more welcoming than its larger neighbour.
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All halt: Railways cancels another 16 passenger trains
Fuel crisis spreads from Lahore to other divisions as well.
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Global Entrepreneurship Monitor: Pakistanis less enthusiastic about entrepreneurship
Country counted among factor-driven economies.
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Weekly review: Stock market makes modest recovery
President’s return along with proposed relaxation in Capital Gains Tax helps the index climb.
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Mid-term review: World Bank pledges $3.7b in new loans
Highlights risks to the country’s macroeconomic stability.
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Automobile industry: Govt opens doors for new entrants
Additional customs-duty collected shall not be charged on sub-components imported in any kit form by an assembler.
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MAL Pakistan to set up Rs300m lube oil plant
Company to bring technology, skill and expertise into the country.
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Government data consolidated under Pakistan Bureau of Statistics
Users Council created to ensure transparency of the numbers generated.
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Power supplier sets up 220KV grid station
ADB-funded project commenced in mid-2008.
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Kunnar-Pasakhi pipeline to be ready by month-end
Will supply 100 mmcfd to Sui Southern Gas Company.
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Development: Gomal Zam Dam to irrigate farmland, control floods
The dam would store 1.14 million acre feet (MAF) of water, irrigate 163,000 acres of land.
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Tax dodgers: Govt considering out-of-court settlements
Decision not yet finalised, SECP asked to step up CGT enforcement.
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Market Watch: Investors stay away on negative triggers in dull session
Trading value drops to five-month low of Rs1.1 billion.
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Unorthodox incubators: Ego invests in entrepreneurial employees
Clothing retailer provides guaranteed business and financing for employees who set up their own operations.
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Pakistan, China sign currency swap agreement
Move aimed at strengthening bilateral trade and investment.
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Flying away: Foreign investment falls 59% in five months
With investment decline, technology transfer also slows down.
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Economy is on the mend, president told
More tax revenue, jump in exports among signs of recovery.
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No more: Federal Bureau of Statistics dissolved
The bureau will now be headed by a chief statistician, with a 12-member governing body headed by Finance Minister.
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Forex reserves ease to $16.7b
Reserves dropped since reaching record high in July due to debt repayments.
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Not legal tender : Rs5 notes can be exchanged by Dec 2012
Banks have been asked to widely publicise deadline for exchange.
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24 Hours: CNG stations to remain shut
Gas supply will be stopped to CNG stations in Sindh and Hub for 24 hours from 9am on Friday to 9am on Saturday.
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Lend more to small firms: MIT professor
Economics expert calls for credit access to the poor in Pakistan.
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Power distribution companies complain about political interference
New board of directors fails to get plans implemented.
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Provinces to approach CCI to seek control of resources
Ministry of petroleum insists there cannot be two regulators.
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Grid being set up to import electricity from India
NTDC to use latest technology to avoid power wastage.
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Govt to set up LNG terminal with importers’ help
Developers will be asked to inject equity of up to $800m.
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MFN status to India: Pakistan proposes safeguards for local industry
Commerce secretary says local exporters will get level playing field.
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Market Watch: Stock market consolidates in dull session
KSE’s benchmark 100-share index gains 38 points.
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Strategic retreat: NBP, OGDC burst the IP gas pipeline bubble
Local giants decide not to finance project strongly opposed by the US.
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Service: SBP revises forward cover rules for imports, loans
SBP says forward contracts against import should coincide with the maturity of letter of credit (LC).
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CNG stations: Three-day closure begins today
Gas supply to CNG stations will remain suspended from 6am on December 22 to 6am on December 25.
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New low: Rupee crosses 90 mark against dollar
Traders hold on to dollar amid bleak economic outlook.
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CNG dealers set deadline for improving gas supply
To launch protests across the country against low gas pressure.
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Engro decides to increase fertiliser price
New urea plant faces complete cut-off.
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Bulk terminal: CEO dispels talk of environmental degradation
Mechanised coal, clinker and cement terminal being built at Port Qasim.
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Pakistani rice exporters losing out to India
Surplus crop across the border, changing regulations make Indians competitive.
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Microsoft launches Customer Immersion Experience
IT giant believes facility will make life much easier.
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Market Watch: Bears take over the stock market
KSE’s benchmark 100-share index falls 70 points.
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Gas shortage: Govt may scrap LNG import plans
Rising international prices, demands of sovereign guarantees seen as key hurdles.
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ISAF containers: SC directs recovery of billions lost
NAB, FBR, federal tax ombudsman to devise strategy for losses under Afghan trade agreement.
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Mutual funds’ assets cross Rs300b
Income funds provide support despite fall in stock market.
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Overseas entrepreneurs open local chapter
Karachi office is first outside US and will help promote entrepreneurship.
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Sharif tries to woo businessmen with promise of tax cut
Asks political parties to help prepare 25-year economic roadmap.

















































