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Turnaround: The story behind K-Electric’s Rs12b in profits
CFO talks about customer complaints, improvement in company’s efficiency
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Outlook: ADB projects 4.2% growth for Pakistan
Report says security concerns, political instability pose downside risks.
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World Bank extends support for flood relief
World Bank to provide $11 billion over four years to Pakistan for irrigation and power projects.
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Govt constitutes Tax Reforms Commission to improve taxation system
Commission will finalise its recommendations in 120 days
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Plan for 20% increase in gas prices on anvil
Once the proposed 20% increase takes effect, SNGPL and SSGCL will generate Rs45 billion.
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$6.7b bailout package: IMF tranche may hit snags as govt decides to freeze power tariffs
Finance minister insists the move will not derail the IMF loan programme .
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Tapping new markets: TDAP chief for focus on trade with Africa
Says Pakistan can take advantage of free trade between Morocco and US.
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Tip for farmers: Agriculture dept gives cotton advice
Cotton cloth should be utilised to keep cotton flowers from moisture.
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President stresses on efforts for economy
Urges businessmen to take advantage of GSP Plus status.
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Corporate result: PIA losses drop 44% in first half of 2014
National carrier posts gross profit of Rs338 million during the period.
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Overseas employment: Over 2.1m workers go to Gulf states
According to the breakdown, about 1.243 million went to Saudi Arabia, 866,418 to UAE and 27,660 to Qatar
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Market watch: Volumes healthy but index ends in the red
Benchmark KSE-100 index falls 47.97 points.
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Chinese investors keen to undertake joint ventures
Pakistan’s investment policies termed attractive, encouraging.
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Tax reforms commission chief named
Masoud Naqvi will head panel to rationalise tax system.
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Cash flows: Alternative corporate tax to erode companies’ profitability
Analysts expect higher tax payable to delay capital expenditures, cash dividends
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Fuel price adjustment: Electricity gets cheaper by 29 paisa per unit
Decision comes in backdrop of inflated bills consumers received earlier.
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The green light: Government approves Rs30b worth of projects
UET campus at Narowal gets nod, will cost Rs2.9b; various other educational programmes approved as well.
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Govt undertaking efforts to boost trade: President Mamnoon
Mamnoon Hussain says measures are being taken to address challenges faced by business community
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Check and balance: Trade imbalance alarming
Pakistan’s trade imbalance was recorded at $4.243 billion during July and August of financial year 2014-15
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Reko diq project: Dar reviews arbitration case progress
The meeting agreed to make all out efforts for speedy settlement of the arbitration issues
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Prospective: Belarus eyes Pakistan as lucrative market
Ambassador wants better bilateral trade relations.
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SSGC seeks ministry’s help in tariff determination
Company has not been able to finalise 2012-13 accounts due to delay.
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Corporate results: Nishat Mills posts profit of Rs5.51 billion
Announces final cash dividend of Rs4 per share.
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Market watch: Index jumps back over 30,000
Benchmark KSE-100 index rises 149.90 points.
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Banking services: SBP sanctions Meezan’s acquisition of HSBC
Deal expected to complete before year-end.
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Redrafting: CAA plans to introduce new aviation policy by month-end
Will focus on lowering taxes on domestic airlines, higher paid-up capital and more aircraft.
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PALPA cries foul over ‘mistreatment’
Pilots’ association chief irked by Customs officials’ attitude.
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Backing: Government decides to give legal cover to gas cess
Will issue ordinance after Supreme Court rejected the levy.
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Pakistan seeks $815m in OGDC share sale, biggest in 8 years
The deal is part of an initiative announced earlier this year to privatise 68 companies, including 10 banks
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Food quality: Pakistan fails to comply with standards
Pakistan’s agriculture consignments are either confiscated or rejected by foreign countries, particularly in EU
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Khyber-pakhtunkhwa: President lauds traders, industrialists
urged traders and industrialists to identify potential markets for diversifying and boosting country’s exports.
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Workshop: Prospects of durum wheat explored
There is a demand for durum wheat-derived products, especially pasta products.
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Export processing zone in AJK urged
Pak-Kashmir Business Forum chief says opportunities exist in region.
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Partnership: Dutch govt offers to light up Pakistan
Netherlands working towards finding alternative energy solutions.
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Everything shiny: Handcrafted jewellery, a money-minting business
Entrepreneur talks about the lucrative gemstone market.
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Market watch: Index falls below 30,000
Benchmark KSE-100 index decreases 21.93 points.
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Resuscitating steel production: Pumping inputs to boost PSM
Two ships carrying iron ore arrive at jetty.
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Hospitality industry: Room available for international brands
Sector witnessing revival, offers opportunity for investment.
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Microfinance landscape: Opening an account within a minute
Tameer Bank CEO says biometric identification to make process easier.
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TAPI project: Top US firms drop out of race to finance gas pipeline
Total, Petronas now engage in talks with Turkmenistan for exploration.
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Record iPhone weekend sales top 10 million: Apple
US tech giant broke its own record for launch weekend sales of nine million a year
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E-Commerce: IT-intensive logistics provider sees room to expand
CEO, however, says online shopping trend will set in slowly.
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E-Commerce: Making inroads before roads are built
Giants eyeing huge market segment in rural areas.
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E-Commerce: Major players see increase in size of pie
E-commerce industry set to grow with awareness, marketing strategies of major players.
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Protective regime: Inputs and outputs – a glimpse from commanding heights
Companies should be at complete liberty to import required inputs.
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Debt turns equity: HBFC eyeing to turn a new leaf
MD believes increase in SBP’s shareholding will bode well for company.
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Higher UFG level: ECC seeks views on shifting Rs49b burden
Ministry says consumers should bear the burden or utilities will collapse.
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Breaking a record: Alibaba raises $25 billion through IPO
With the surge in its share price, Alibaba’s market value jumped to more than $220 billion.
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Women’s entrepreneurial role emphasised
Females fully capable of starting growth companies, says SBP governor.
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Fruits and vegetables: Russian officials agree to support Pakistan’s exports
Both parties to sign MoU as PFVA eyes lucrative market.

















































