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Unable to run itself: FBR unfreezes PIA accounts after partial tax payment
Airline deposits Rs85m against outstanding FED of Rs3.5b collected from passengers.
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As SBP enforces minimum deposit rate, banks expect hit on earnings
Stocks fall as investors lower their exposure to a sector with narrowing margins.
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Cotton production 11.7% lower so far this year
Arrivals of cotton register fall over previous year due to flood losses.
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‘Textile industry defrauded exchequer of Rs500b’
Former finance minister says tax refund claims exceed tax payments.
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Change: Kocsis new Telenor Pakistan CFO
The new CFO has 17 years of financial management experience and has been associated with Telenor since 1993.
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MOL acquires 30% interest in Ghauri block
Farm-out agreement signed with Mari Petroleum Company.
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Market watch : State Bank announcement triggers selling frenzy
Investors sell bank stocks on fears of lowered profitability.
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With two new appointments, SBP finally has full board
Muhammad Hidayatullah and Zafar Masud become newest members.
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Certified used vehicles: Pak Suzuki sells most of the cars in first few hours
Encouraged by the response, the company will make such offers in Lahore and Islamabad as well.
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CCP issues notices to four power companies
Blames these DISCOs for abuse of dominant position in the market.
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Petroleum Policy 2012: Controversy over gas price could cost govt billions
CCI to decide whether to give higher price to exploration firms or not.
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Petroleum: Byco’s new refinery completes trial run
The production capacity of the refinery has now gone up to 18.5 million tonnes.
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FBR targets 0.3m would-be taxpayers in first phase
Will unveil a ‘Shame and Name’ scheme to name tax dodgers.
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Statistics on textile industry in Pakistan
The Textile sector contributes 9.5% to the GDP.
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Strong growth spurs mill to go for major expansion
Premium Textile is investing most of its earnings to boost sales by 60%.
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Is the textile sector finally headed for consolidation?
Energy crisis sparked a trickle of sell-offs that has the potential to become a wave.
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Building an iron grip: Textile sector on KSE – things changing for better
Companies becoming liquid, paying dividends and enjoying bright outlook.
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Statistics released: SMSes most favourite medium of data transfer
Telecom industry grew 35% in short messaging segment in 2011.
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Weekly review: Politics drags KSE-100 index down 300 points
Domestic and global politics both contribute to market’s woes.
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Support: Project initiated to empower small businesses
Jatoi calls for providing more legal services to small businesses.
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EFU Life Assurance confident about market growth in long run
Increases spending on ads and publicity by 400% in a year.
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Romania opens consulate to deepen trade ties
Consultants are arriving to promote power production from coal, water.
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Inconsistent policies, distortions in tax system hinder growth
Former FBR chief stresses resource mobilisation, privatisation of state units.
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‘Friendly’ advice: Pakistan should ensure technology transfer while seeking assistance
FODP calls for redesigning donor, technical assistance programmes.
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Building the IP pipeline: Finance ministry gives last minute approval to ‘terms’
Tadbir Energy cannot start constructing pipeline until contract is okayed.
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Optical fibre: Wateen Telecom wins Sindh project
Optical fibre network of over 1,037 km to be laid in the southern telecom region.
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LPG sales: Court bars govt from giving preference to Sui companies
LHC suspends some clauses of LPG Policy 2013 until next hearing.
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Poverty alleviation : ADB pledges another $200 million for BISP
Bank’s mission is visiting Pakistan to identify more areas to support programme.
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Land revival: WAPDA initiates Rs8.6b project
Annual benefits of the project had been estimated at Rs1.68 billion.
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The ‘fag’ end of the deal: Cigarette industry suffers as contraband floods markets
Statistics reveal that the govt has also lost Rs80b in revenues due to sale of illicit, non-duty-paid cigarettes.
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Market watch : Last session under PPP-led govt closes in red
Investors stay sidelined due to obscurity concerning interim setup.
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Food and agriculture: Research associations lauded for their role
Dr Ahmad called establishing research strategies that outlined the objectives that had to be achieved.
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Unfamiliar approach: Pak Suzuki embarks on drive to lure customers
To offer certified used vehicles for sale over the weekend.
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SECP orders insurance companies to train their agents
Issues circular warning of punitive action if found in violation.
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World Bank approves $400m to support education programmes in Sindh
The program will support Sindh government's efforts to increase school participation and measure student achievement.
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Samsung unveils new champion in smartphone war
The new smartphones would roll out in 155 countries in late April.
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National Finance Commission: Provinces demand full share from divisible pool
National Finance Commission informed that shares have not been released in full.
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‘Amnesty scheme could expand grey market of vehicles’
CCP asks govt to withdraw forthwith tax amnesty for smuggled vehicles.
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Projecting the future: PTCL holds HR Conclave 2013
Conference held for the HR staff of the company.
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Market watch : Lack of triggers keeps bourse at bay
Benchmark KSE-100 index sheds 20 points.
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EU envoy signals Pakistan’s eligibility for GSP+ status
Says Islamabad should apply for the scheme in a timely manner.
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Thar coal: Coal extraction project launched
Total foreign exchange savings of the Thar project are estimated at being close to $50billion
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Byco refinery told to seek international safety certificate
OGRA refuses to allow refinery to start operations before getting NOC.
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ECC refuses gas supply to Engro at discounted price
Summary included diverting supply from Engro’s old plant on Mari gas to Enven .
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Trade and industry fair kicks off despite low foreign participation
Organisers cite security issues, political developments as deterrents.
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CFOs should interact with employees: ex-Engro chief
Conference discusses challenges faced by finance professionals.
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Pakistani exports: Government to spend Rs26b to promote trade
Government allocated Rs20 million for the promotion of women entrepreneurs, says Dr Sohail.
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Bank Alfalah, Warid launch mobile banking solution
Monet, Fundamo team up to release mobile money network in Pakistan.
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Pakistan’s furniture makers in need of international attention
Exports far below potential due to lack of exposure to global markets.
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UK aims to take bilateral trade to £2.5 billion
Assures Pakistan of cooperation in qualifying for EU’s GSP Plus.