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Egypt in political clinch as economic cliff looms
The Egyptian pound has lost 14 percent of its value since the 2011 revolt.
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Unpaid fees: 3G consultants at loggerheads with PTA
Auctioning process may also be entirely put on hold till a settlement is reached on the payment issue, says Official.
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Trade prospects: Maldives’ envoy urges businesses to explore the island
Pakistan and the Maldives could collaborate in construction sector for mutual benefit, says envoy.
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SECP issues show-cause notices to 26 firms
Companies under scrutiny failed to comply with laws, accounting standards.
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Agriculture university to establish plant diagnostic window
UAF signs MoU with international NGO to help Pakistani farmers.
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Exporters against curtailment of customs collectorates’ powers
PTEA rejects move; says will hurt growth in exports.
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Auto sector can be revived if govt ensures consistent policy
Indus Motor Company says industry needs protection from imports.
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Nishat Power’s profit grows 58% in first half of fiscal 2013
Power company announces Re1 per share interim dividend with the earnings.
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Market watch: Bourse continues climb despite strike
Fertiliser, telecom and cement sectors bolster gains.
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Sui Southern’s fortunes hinge on Sindh High Court decision
Announces Rs2.58b profit, but says this is subject to verdict.
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Corporate results: Profits soar at Nestle Pakistan as margins rise again
Gross margins rise as Pakistanis consume higher value-added products.
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Pipe dreams: Govt sets ambitious foreign investment target at $5.5b
Draft of the new investment policy prepared, to be sent to cabinet for approval.
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ADB funding: boon or bane?
About-turn in this case is by the Asian Development Bank. We will be more environmentally friendly, but at what cost?
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Elections and after: Expectations and fears of investors
Investors wait to see what course the economy will take after polls.
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All parties have an energy plan, but none is seeking a mandate
Major parties lay out their strategy for tackling the crisis, but do not confront voters with hard truths.
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Khyber-Pakhtunkhwa: New governor urges investors to come forward
Engineer Shaukatullah Khan assures investors of his full support.
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Displaying resolve, Naya Nazimabad launches first apartment complex
Investors believe they will recoup investments soon as economy picks up.
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FBR seeks proposals for national budget 2013-14
Asks the business community to send in recommendations next month.
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Diversifying business: Fashion brand maker to open restaurant chain overseas
Energy crisis forces Paragon Fashion to enter into new venture.
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KLF: Session on political economy highlights workings of the deep state
Panellists choose to stick to the sociology and politics of Pakistani society.
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Financing plans: Govt to collect $1b in cess for funding gas pipeline
Gives firm commitment to Iran under cooperation agreement.
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Weekly review: Index continues relentless drive towards new highs
Strong corporate earnings provide a sturdy platform for market’s growth.
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Real estate: Abu Dhabi Group to invest $45 billion in Pakistan
Malik Riaz of Bahria Group signs contract to bring record foreign investment into the country.
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Forex spread: SBP open for complaints against exchanges
Complaints must be accompanied by a copy of NIC of the complainant, purpose of transaction and other related details.
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Canada encourages exporters with tariff cut
Asks Pakistan’s businessmen to capitalise on the opportunity.
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German diplomat says no shortcut to GSP+ scheme
Says Germany will lobby for approval, but reiterates that ball is in Pakistan’s court.
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Market watch: Oil sector drives the bourse to a new record
Benchmark KSE-100 index gains 31 points.
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Corporate results: Fertilizers decimates otherwise strong year for Engro
Foods now the largest subsidiary of the conglomerate by any measure.
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Bureaucracy blocks EOBI’s investment in energy projects
It wanted to invest billions of rupees in Diamer Bhasha Dam, LNG import.
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Federal Board of Revenue moves to curb corporate tax evasion
Approves risk parameters for audit of suspected tax dodgers.
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Pleasing foreigners: Ban on import of CNG kits may be partially lifted
Economic Coordination Committee to consider the proposal in its upcoming meeting.
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Beat that!: Dealtoday.pk, making offers you can’t refuse
Website is fast gaining popularity with its unbeatable discounts on popular consumer products.
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Raising finance: Bank Alfalah’s fifth TFC to help expand asset base
Eight-year, unsecured investment certificate to pay out profits twice a year.
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CAA’s head of standards appointment marred with obscurity
Officials say appointment illegal as per rules; PIA denies allegations.
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Circular debt: PSO convenes emergency meeting
PSO required Rs51 billion to retire its letter of credits this month.
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State Bank to auction T-bills, bonds online
Says the automated system will increase efficiency, cut risk.
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Nishat Power posts 39% higher earnings
Reports a profit of Rs1.4b for first half of fiscal 2013, announces Rs2 per share interim dividend.
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FBR extends withholding tax to all registered companies
Previously, the tax was applicable only to firms registered in large taxpayer units.
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Market watch: Index-heavyweights, earnings boost bullish momentum
Benchmark KSE-100 index gains 69 points.
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Corporate results: ABL hit hard by State Bank policy rate cuts
Manages to post 16% higher profits on lower provisions, higher non-core income.
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‘Cracks’ appear in ties between Pakistan and ADB
Finance minister avoids meeting with the bank’s director general.
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Gas pipeline: Pakistan, Iran to sign construction contract today
Pipeline will cost Rs190m per km, markup on loan is 3%.
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The state of the State Bank
State Bank has been the handmaiden of government's borrowing joy ride, contributing to a rise in core inflation.
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Not out of the woods yet
Depreciation in rupee is much worse than 20-year average decline and IMF says it should be devalued further.
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ACCA presents awards to high achievers
Panelists discuss ways to help students find right careers.
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Gsp plus status: EU nod a must for free trade between Pakistan, UK
Britain will continue its support for the inclusion of Pakistan in the EU’s GSP Plus.
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Food crisis imminent as wheat production falls
In absence of a procurement policy, experts say Pakistan may have to import.
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Malaysia promises urgent business visa
Seeks joint ventures in the fields of education, health and tourism.
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Mortgaging Karachi airport
It is unwise to use vital installations, like the biggest airport in the country, as the security for bonds.
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Stopping Gekko: SECP strengthens rules against insider trading
Most disclosure requirements today are those of the exchange, not the regulator.