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Market Watch: KSE closes in black after five successive bearish days
Benchmark KSE-100 index rises 83.8 points.
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Microsoft buys Nokia phone unit to fight Apple, Google
Tuesday's announcement marks the end of Nokia's days as a phone manufacturer.
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Nokia to sell handset business to Microsoft for $7.2 billion
The Nokia deal thrusts Microsoft deeper into the hotly contested mobile phone market.
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Development support: UK backs economic development in Pakistan
Bakhtawari lauded the services of Yasmin Qureshi and appreciated the support of UK for grant of GSP plus to Pakistan.
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Neelum-Jhelum project on schedule, says WAPDA
Officials claim the plant is a top priority for the government.
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Savings with microfinance providers rise 19%
Deposits surge to Rs30 billion by the end of June.
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Telecom regulator: Supreme Court directs govt to appoint PTA chief within 15 days
Chairman should be hired before 3G licence auction, says Chief justice.
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Market watch: Stock market dips on low volumes
Benchmark KSE-100 index falls 436.17 points.
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Consumer price index: Inflation creeps up in August as pressure mounts
CPI rises 8.55% despite excluding 96% increase in power tariffs.
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Mayday, Mayday!: Airlines rethink strategy after fuel price hike
Airblue in distress as employees strike after management’s hasty proposals.
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Tax collection: Next IMF tranche in jeopardy as FBR misses target again
Provisional results show revenue collection jumps 17% but falls short of monthly target by Rs14 billion .
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OGDC activities to contribute $2.5b to exchequer
Company’s exploration efforts increase available fuel supply/
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TDAP: Money laundering worth Rs250 million uncovered
FIA is now looking to arrest director to commerce minister, Farhan Junejo.
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Clots in the system: Why a robust regulatory framework has failed to work
It is a well-known maxim that certainty and not quantum of penalty, is more effective.
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Cashing in on the cash crop: Growers rethink strategy as tobacco production drops
Blame low prices, absence of market and lack of government support.
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Spreading like fire: One in four cigarettes sold is smuggled or counterfeit
Sale of illicit cigarettes has increased over 60% in five years.
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Illicit trade of cigarettes costs exchequer Rs20 billion a year
Euromonitor and FBR officials say market is flooded with smuggled, non-duty paid brands in absence of law enforcement.
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How illicit cigarette trade dents the socio-economic fabric
Effect goes beyond the industry itself and is more than just financial in nature.
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Global fluctuation: Oil prices raised by up to Rs5.89
Full impact of hike passed on to consumers of all petroleum products apart from HSD.
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Energy crisis:‘Govt has a strategy to overcome power shortage’
Minister says uninterrupted electricity supply to industries key tfo progress.
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Rising stars: The man behind Q Mobile’s success
CEO Zeeshan Akhtar’s focus on quality makes company a big name.
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Train the trainer: ACCA to strengthen teaching skills
“Train The Trainer” programme will be held in Karachi, Islamabad and Lahore on September 2, 3 and 4 respectively.
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Trade: Pakistan, Indonesia PTA comes into effect
Pakistani products to gain greater access to Indonesian markets.
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Poultry industry: Business booms with growing demand, new tech
Reduced risks, high profits encourage investors to invest in a big way.
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Steep costs: Oil prices hiked by Rs 4.71 per litre
Government provides a subsidy of Rs1.07 per litre in the price of high speed diesel.
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Smartphone penetration: Telecom firms strategically shift focus to data services
Companies coming up with cheap internet packages for survival, dominance.
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Weekly review: Geopolitics, tumbling regional markets, macro concerns allow bears to take control
KSE 100-share index shed 2.4% in the week to close at 22,160.85 points.
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Two month haul: Railways claims it earned Rs2.92 billion
The department claims it has earned Rs670 million more as compared to the corresponding period the previous year.
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SMS and call bundles will not be banned: PTA
The regulatory body said it was misquoted by the press.
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Govt may take LNG project to PPRA for clearance
SSGC board raises objections on award of import contract.
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Corporate results: Bank of Punjab more than doubles profits
Reversal of provisions, higher non-core income leave the bank Rs1 billion richer.
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Market watch: Karachi stock market ends week on muted note
Benchmark KSE-100 index falls 54 points.
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OMV finds gas, condensate in Mehar block
18mmscfd of gas, 1,550 barrels of condensate flow during testing.
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Hold your barrels: EIA report ‘exaggerates’ Pakistan’s shale potential
Experts suggest it is high time to carry out a focused study on shale gas and oil prospectivity.
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Fleet replacement: PIA seeks Rs3.3 billion for acquiring 10 aircraft
ECC to decide on flag carrier’s request in upcoming meeting.
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Inflationary pressure: Oil prices likely to rise up to Rs4.71 per litre
Fluctuations in international market putting pressure on local prices.
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PIA incurred accumulated losses worth over Rs169 bn
Accumulated losses of the airline amount to over Rs160 billion.
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WWF, PSIC sign MoU to promote water sustainability
Project aims to facilitate SMEs reduce consumption and pollutant load.
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Corporate results: PICT posts higher earnings as it adopts austerity
Operational efficiency pulls expenses down considerably, enhancing the bottom-line.
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Corporate results: Bank AlHabib’s profits dip amid low-interest rate environment
Bank pockets Rs2.43b in first half of 2013 as non-core income supports bottom-line.
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Oil and Gas Development Company withdraws controversial pay-raise
Company orders employees to return extra income received.
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Corporate results: Dawood Hercules Corporation triples its earnings
Engro’s turnaround, HUBCO payout, higher earnings of fertiliser division propel profits.
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Mango exports: First consignment dispatched to Australia
High commissioner urges Pakistan to maintain momentum, boost exports.
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Standard Chartered profit rises a whopping 86%
Earnings surge following a marked decrease in bad loans.
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Market watch: Investor uncertainty leads to a confused market
Benchmark KSE-100 index ends 21.6 points lower.
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Pakistan, China to work on biomass project
This is part of Punjab govt’s campaign to promote clean energy.
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Faisalabad’s entrepreneurial duo capitalise on retail boom
SB Retail Stores’ business model is simple: provide quality products.
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Corporate results: PSO profits surge to Rs12.557 billion
Company makes triumphant return, but investors prefer cash.
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Clash of clans: Cement makers face split in their ranks
Lucky Cement, the largest manufacturer, leaves association.
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Corporate results: Kot Addu Power Company’s profits grow despite shrinking top-line
Earn Rs7.35b in fiscal 2013 as efficiency gains, falling rupee support bottom-line, announces dividend of Rs4.5/share.