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Monetary policy: SBP leaves rates unchanged for now, hints at desire for cut
Statement highlights subsidies as one of the biggest macroeconomic threats.
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Power bills: Faisalabad-based businessmen move IHC against NAB recovery
NAB notification suspended.
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China to continue boosting spinning sector’s prospects
Analysts see strong growth for the sector as Chinese demand for yarn increases.
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SSGC to stop gas supply to KESC for delay in payment
Power firm says it will clear all dues if gas supply is increased.
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Forex: Currency reserves fall to $11.758 billion
Heavy debt repayments to IMF have been putting a dent in central bank’s reserves, which have declined by nearly 20%.
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Cloud computing can cut business cost by half
Microsoft holds awareness seminar on cloud services and their benefits.
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Attock Refinery to increase output
Signs contracts with Hyundai Engineering to upgrade facility, enhance capacity.
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SECP vows to press on with fight against manipulators
Says the regulator will not give in to pressure from powerful brokers.
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Neelum Jhelum Project: WAPDA aims to complete dam by 2016
Neelum Jhelum Hydropower Project CEO says out of total 67-km tunnels, 33 km long tunnels (49%) have been excavated.
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S Abdul Khaliq: 500-year-old mithai brand struggling to expand
The business is running a franchising scheme, which is a part of its expansion plans.
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Market Watch: Bourse gains despite lack of triggers
Benchmark KSE-100 index climbs 41 points.
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Oil and gas production: PSO to build $600 million oil refinery in K-P
Refinery, capable of producing 40,000bpd, is expected to be fully commissioned by 2016-17.
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Caretaking the economy
To be sustained over a long period, economic reform must be thought up, legislated, implemented by the elected.
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Siemens to cut over 3,000 global jobs, including in Pakistan
As many as 200 jobs in Pakistan to be cut as a factory is closed.
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Pakistan ranks low 105 on WEF’s Information Technology report
Pakistan falls for failed procurement of advance technologies, broadband cannibalising on individual internet users.
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Courses for specialisation: University to offer four new masters programmes
Tuition fee ranges from Rs164,250 per semester for a nine credit hours programme to Rs273,750 for15 credit hours.
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Narowal Power Plant: HUBCO demands release of Rs19b outstanding dues
The 225-megawatt (MW) power plant located in Punjab is completely shut down due to non-availability of oil.
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Monetary Policy: Textile millers demand rate cut
After SBP lowered its policy rate from 13.5% to 9.5% in last one year textile exports have increased by 8%, says Ejaz
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Textile sector asks outgoing envoys to build Pakistan’s image
Suggests promoting local products in their respective host countries.
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LUMS to diversify, introduce new discipline
After business, social sciences and engineering, now opening law school.
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Market watch: Lacklustre activity forces KSE to close flat
Benchmark KSE-100 index rises 10 points, virtually flat.
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Belgium says security concerns deter investors
Nevertheless, offers assistance in building LNG terminal, oil and gas exploration.
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Remittances rise past $10 billion in nine months of FY13
Overseas workers send home 6% more money.
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Locally assembled car sales improve ahead of general elections
March sales rise 5% driven in part by import restrictions.
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Pakistan's booming market no black and white matter
With 49 percent returns in 2012, Karachi Stock Exchange was one of the five best performing markets in the world.
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Development: Govt to release Rs1b for Karachi’s industrial areas
The Minister called for improving the law and order situation in the industrial areas.
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JS clears fog surrounding events at AGM
Will initiate appropriate legal action against perpetrators.
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Textile sector grinds to a halt due to power suspensions
PTEA asks govt to take notice of ‘forced’ suspension of dedicated power feeders.
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PSO grappling with financial problems, says spokesperson
Circular debt has mounted pressure on oil market giant to make payments.
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France expects surge in trade with Pakistan
Trade will make a quantum leap after GSP Plus status for Islamabad.
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Flag-hoisting ceremony: ‘Reopening honorary consulate in Karachi was my dream’
Romanian ambassador congratulated Tariq Saud on becoming honorary consul.
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Market watch: Excitement surrounding results spur buying
Benchmark KSE-100 index gains 61 points.
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Energy crisis turns out to be golden goose for generator dealers
Demand-driven sales to help dealers hit stellar profits this year.
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Television shakeup: Geo Entertainment to partner with A&B Productions
Move seen as prelude to a major restructuring of the television industry.
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Budget-making: Govt allocates Rs103b for water and power projects
Budget Priorities Committee begins allocating scarce resources to ministries for budget 2013-14 .
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Sinking like a rock: Slim chances of recovery for Pakistan’s directionless economy, says ADB
Growth model is unsustainable that overshadows future prospects.
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Textile industry running short of working capital
Says delay in tax refund has blocked a big chunk of capital.
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Safety nets: BISP launches life insurance scheme
An amount of Rs25,000 for health insurance will also be provided to the poorest for first time in the country.
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Internet cable: PTCL restores internet services to full capacity
The loss in bandwidth was enhanced by “a historic global cyber attack” during the same time period.
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Power production improves as gas pipeline repaired
Damaged pipeline, disruption in oil supply had reduced generation on Sunday.
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In stalled imported vehicle market, hybrid car is still popular
Now 2009 model of fuel-efficient Prius has hit the market.
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OGDC expands operations to discover new resources
Eleven new wells to be drilled to increase production of oil and gas.
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Market watch: Bourse makes gains, but on a subdued note
Fog on the political front keeps investors on cautious tread.
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Agreement with Indonesia has opened trade doors for Pakistan
Indonesian envoy reaffirms support to the Pakistani business community.
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Improving economic management: Caretaker prime minister vows to stabilise economy
Officials of finance ministry, SBP chief brief PM on the state of economy.
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Budget making: Government deliberates best use of limited resources
Ministries vie with each other to win maximum share in proposed funds.
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Mergers & acquisitions: Attock Petroleum bids to acquire Chevron Pakistan
US-based oil giant operates in Pakistan under the Caltex brand of retail petrol pumps.
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The only way is up: Inheriting an opportunity, not a lemon
For once an incoming government is not inheriting an economy on the verge of collapse.
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Investment: Smooth election likely to result in foreign capital inflows
FDI one of the strongest predictors of economic growth in Pakistan.
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Manufacturing: Credit to the industrial sector bouncing back sharply
Investment in longer term projects on the rise, machinery imports up.