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Market watch: Despite macro concerns, bourse continues upward trend
Benchmark KSE-100 index rises 94 points.
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Traders win 2.5m-euro orders in Berlin fruit fair
British retail chain’s team to arrive for inspecting processing facilities.
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Punjab industries, CNG stations to get gas from Monday
After winter break, SNGPL resumes supply for two days a week.
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Balancing act: Govt report highlights widening budget gap
Money managers overshoot spending target, revenue collection falls.
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Monetary policy: State Bank keeps interest rates unchanged at 9.5%
Narrows interest rate corridor to discourage borrowing by commercial banks.
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SBP stresses inculcation of risk culture
Governor asks for closer cooperation between banks.
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‘pk’ domain under threat: PKNIC remains at risk of cyber attacks
Hackers breach US-based firm’s security system twice in three months.
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Private sector may get to run Pakistan Steel Mills
Senate recommends outsourcing management to the private sector.
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MCB Bank becomes a stumbling block; breaks the bull run
Benchmark KSE-100 index falls 25 points.
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MCB Bank profits a modest 8% higher in 2012
Announces a dividend of Rs3 per share, bonus share issue of 10% .
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Beyond borders: Lucky Cement hopes to make a mark with Iraq plant
Unit in Basra expected to start production by the end of 2013.
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Power ministry approves bill for power production from bagasse
Initially, 1,000MW will be generated from sugarcane by-product.
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Provinces, PASSCO to buy 8.9m tons of wheat
Review committee agrees on the procurement plan for 2013 crop.
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SECP registers 329 companies in January
Licences granted to 25 non-profit bodies so far this financial year.
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Caretakers and the budget
Caretakers can provide temporary relief by gaining IFI support in return for some upfront actions.
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Playing for keeps: Shareholders revolt against Unilever Pakistan delisting
Foreign investors lead the charge to keep blue-chip consumer goods giant public.
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Jostling for power: India ‘concerned’ at China running Gwadar port
India plans to spend around $100 billion over the next 10 years to upgrade its mostly Soviet-era military hardware.
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Offshore mooring: Largest crude oil consignment discharged
With a draft of 25 metres, the Byco SPM can accommodate vessels carrying crude/petroleum products of over 100,000 tons
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Germany postpones investment conference over uncertainty
Envoy says investors would like to wait till next govt comes in.
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Govt rejects rumours of Pakistan Steel privatisation
Says the status quo will remain; urges workers to make sincere efforts.
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Textile industry criticises SNGPL over gas cuts
Asks govt to resolve the issue or risk meltdown of the industry.
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Market watch: Bulls dominate session; telecom sector on a roll
Benchmark KSE-100 index climbs 121 points.
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PM directs BOI to develop framework to attract investments
Premier presides over the sixth board meeting of the investment board.
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Exports to China surge over 200% in five years
Shipments pick up pace after free trade accord with Beijing.
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Business Express: Auditors question contract changes, suspect revenue slippages
Pak Railways’ revenue share in train service cut from 88% occupancy to 65%.
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A first in years, foreign debt falls by $600 million
Report cites IMF loan repayments, dollar weakness and lack of foreign loans.
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All that gas
It is unfair now to the people who paid for the conversion, to suddenly find that there is no more CNG.
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Karachi port: Transporters, shippers resolve dispute
It was decided that the agreement reached will be applicable to fresh import and export containers from February 6.
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UAF plans to branch out into rural areas
University of Agriculture Faisalabad to launch satellite campuses to cater to growing demand for agri-education.
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Efficient rice growing technology yet to find takers
Fertiliser and pesticide companies may have created hurdles in its adoption.
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Establishing industries: Japanese firms express interest in Pakistan
Companies want to set up industries in Karachi.
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Bucking global trend, microcredit grows strongly in Pakistan
Loans given by poverty alleviation fund rise Rs2.6b to Rs14b.
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Lakhra Power Company revokes coal supply contract
Conflict between the company, coal supplier results in closure of power unit.
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Auto parts exports: Numbers encouraging, but not up to the mark
Country needs consistent policies for consistent growth of the industry: PAAPAM.
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Fallout expected: Reckless govt borrowing may cause crisis of confidence
Share of short-term debt with a maturity period of less than a year has increased to 54.2% of total domestic debt.
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Agreement: KESC contracts Siemens to build grid station
The grid station will be shared jointly by KESC and AKHMCF.
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Traders provided training in WeBOC
Software helps importers, exporters in filing shipping documents.
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Local car sales look set for strong recovery in second half
Demand may have increased 30-35% in January alone.
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Corporate results: Pakistan Petroleum earns Rs22b in six months
Stellar oil production, favourable oil and gas prices, depreciation of rupee contribute to astounding performance.
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Market watch: Telecom sector pulls market higher
Higher international call rates expected to boost revenues.
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Govt imposes Rs3,500 per ton levy on LPG
Earlier, the levy was rejected twice by the Lahore High Court.
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Domestic cement sales rise 8% in seven months
Local demand increases, but exports lag behind.
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Supreme Court defers IPP case hearing
Apex court also adjourns LPG quota allocation proceedings.
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Thar coal project: With progress stalled, Sindh chief minister lodges protest
Prime minister’s directives remain unimplemented; project hits roadblocks.
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Fiscal irresponsibility: Spendthrift govt digs a massive hole for the economy
Fiscal Responsibility and Debt Limitation Act violated for fifth year in a row.
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Trade blocs
Lack of progress in multilateral trade negotiations within the WTO framework is also a factor that encourages RTAs.
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MFN status– first step towards trade integration
Most Pakistanis approve of it, the only problem is finding the perfect time.
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The commandment of economic domination: Covet thy neighbour’s markets
To achieve economic independence, Pakistan must look at all markets, be they Muslim or non-Muslim.
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Barnyard bully: Regionalisation – not globalisation – is the way to go
Maximising regional trade potential could lead to a restricted global presence.
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Global clusters: What it takes for a regional trade bloc to work
Signing a trade agreement or just good intentions alone will not get the job done.