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Out of pocket: Suffering from the perpetual shortage of revenues
Successive governments have failed to come up with a surplus budget.
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Descent into chaos: Evolution from an economic state to a security state
It’s not about how much the Pakistan government spends but where it spends.
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Foreign capital: China set to invest in energy sector
China seeks investment opportunities in Pakistani markets which can pave way for direct investments in future.
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Video Conferencing: Wateen Telecom launches V3
Company says it is the first cloud-based video conferencing services provider in Pakistan.
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CAA launches complaint service
People can record complaints against flight delay, boarding issues, etc.
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Govt misses SC’s 3G auction deadline for appointing PTA members, chairman
Supervisory auction committee established in violation of procedure.
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Election campaign: Previous govt spent $3.5b to stem rupee slide before polls
The amount accounts for up to three-fourth of total loss in currency reserves during FY13.
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Number of super-rich soars 34% in just one year
Each ultra-wealthy person has a net worth of at least $30m.
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Weekly review: Positive triggers help KSE extend bullish trend
Index closes 1.8% higher over the week as investors, lenders display confidence over economic measures.
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Emergency brakes: PIA unions set eyes on employee buyout
Labour leaders say buyout preferable to all-out privatisation.
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French expertise: TIP’s academic programmes to be evaluated
The main purpose of his visit to TIP is to evaluate the academic programmes being offered.
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Starcom looks at Pakistan market more closely
Media group sees opportunity of growth in the country.
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FBR picks about 42,000 cases for tax audit
Move aimed at catching taxpayers giving incorrect information.
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Goodwill spirit: Centre likely to waive Rs29 billion investment in Saindak project
Committee working on transfer of project ownership to Balochistan.
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Market watch: KSE remained volatile as investors cautious ahead of monetary policy
Benchmark KSE-100 index falls 54 points.
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Under duress: Interest rate hike takes businessmen by surprise
Karachi Chamber says govt is coming under IMF pressure.
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Pakistan Oilfields finds more oil, gas in Makori
Company’s annual report, test production results at 2,687bpd and 8.56mmcfd.
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Development work: ECNEC approves Rs26b for reviving Pakistan Railways
Several projects with incomplete costing withdrawn, planning committee reprimanded.
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Monetary policy: State Bank raises discount rate by 50bps
Surprise hike likely to cope with relatively higher inflation figures.
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Lender’s report: IMF spotlights risks to Pakistan bailout deal
Violence, country’s track record and Nato drawdown pose near-term crisis: report.
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Curbing losses: Government kicks off privatisation of PIA
Decides to put up 26% of airline’s shares for sale in initial stage.
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Essential commodities: Price committee to play effective role, says Dar
“Provinces should play a proactive role in maintaining price stability to provide relief to general public”, says Dar.
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Gas theft: UFG a major challenge for SSGC
Gas utilities not responsible for problems caused by security issues: MD.
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Market watch: KSE retracts ahead of monetary policy announcement
Benchmark KSE-100 index drops 9.47 points.
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OGDC to add 350mmcfd in less than 18 months
Exploration giant also seeks to boost oil production and tap shale gas.
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Credit market: Five months on, PIA’s booking via credit cards on hold
Size of credit card sales in Pakistan not big enough to attract major players.
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First-half earnings: Resilient small banks spring surprise, beat Big Five
Profits rise 10% despite low credit growth, falling margins.
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Oil, gas companies: Govt to seek provinces’ consent before privatisation
Matter will be taken up in meeting of Council of Common Interests.
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Captive power: Industry members warn of major energy crisis
Government decides to ban power generation through gas.
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Helping hand: US to boost Pak agriculture sector
Pakistani scientists will be trained under the programme.
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Fast-moving consumer goods show slow growth
Analysts believe industry will take two more years to rebound.
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Govt strives to speed up work on power projects
Outdated energy infrastructure and theft cause loss of billions.
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Market watch: Market continues upward trend as cements retain confidence
Benchmark KSE-100 index rises 239.51 points.
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Undiscovered goldmine: Phenomenal rise in guar production going unnoticed
Country expects highest production of cash crop in 18 years.
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Monetary policy: Analysts predict no change in discount rate
Government focus will mainly be on building reserves initially.
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Economic reform: Political stability and implementation of plans are necessary conditions
Malaysian minister shares economic model to address Pakistan’s complex problems.
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Pollution: Oil companies must submit $1,300,000 to court tomorrow, says CJ
The oil companies were meant to spend this money to promote social welfare activities and had not done so.
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Tough talk: IMF says meeting conditions must for release of tranches
IMF executive says waivers should not be expected by Islamabad.
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Textile industry: Industrialists seek fair distribution of gas
Welcome supply of 40mmcfd from new gas field.
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Local auto industry starts reaping benefits of depleting import stockpile
Total sales grow 4% to 21,675 units in July-August period.
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Corporate results: KESC profit rises 156% as recovery drive pays
Company earns Rs6.7 billion in fiscal year 2012-13.
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Market watch: Karachi bourse extends rally on interest in cement sector
Benchmark KSE-100 index rises 153 points.
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EU trade: Textile industry prepares for post GSP+ scenario
Industry members eyeing $26 billion exports in four years.
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Ittehad Chemicals: With low volumes, share price surges 28.8% in three months
Stock may gain further on the back of company’s expansion plans.
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Cracks in the economy: Reserves get breathing space as trade deficit contracts
Figures highlight challenges Pakistan faces to bring current account deficit to manageable level.
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Cost overruns: WAPDA presents bloated cost of Kachhi Canal Project
Delays and tripling of costs lead to speculations about corruption and mismanagement.
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IDB extends $850 million project support to Pakistan
New assistance will be paid over 3 years and will be in addition to 750 million Euro assistance approved in August.
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RapidCompute achieves security certification
ISO/IEC 27001 ensures data confidentiality, integrity.
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Energy generation: 100MW Gulpur Hydropower project approved
Project has the capacity to generate 465 million units of electricity per year.
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SECP begins revising NBF regulatory framework
Equity market regulator seeks to build an alternative financial system.