LAHORE: Punjab Industrial Estate Development and Management Company (PIEDMC) plans a mega industrial estate spread over 100,000 acres where it intends to establish a Special Export Zone to facilitate Chinese investors interested in relocating their ...
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Mansoor Ahmad
LAHORE: The economic team of Pakistan Muslim League-Nawaz (PML-N) led by Ishaq Dar is capable of reviving the economy of the country as they did in their tenure in 1997-99, which was as challenging as of today particularly after 1998 bomb blasts by ...
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Salman Siddiqui
KARACHI: Provincial food departments and the federal procurement agency, PASSCO, have so far procured less than 50 percent of its set target for wheat in the current financial year.
“Provincial food departments and the Pakistan Agricultural ...
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Javed Mirza
KARACHI: The export of seafood is suffering at the hands of customs authorities, who are allegedly demanding bribes worth Rs30,000 per consignment, according to the Pakistan Fisheries Exporters Association (PAKFEA).
A customs official, ...
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Farhan Bokhari
Pakistan’s new government’s first - and stiffest - challenge will come from the economy: wiht the fiscal deficit at least a staggering nine per cent of the GDP.
That’s almost twice the target - and combinded with annual economic growth between ...
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our correspondent
KARACHI: The business community has opposed the raise in electricity tariff by Rs5.82 per unit and termed it an unjustified act by the caretaker government.
In a statement issued on Saturday, Zubair Ahmed Malik, president of the Federation of ...
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Simon Falush and Timothy Gardner
LONDON/WASHINGTON: A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands, while a key US senator on Friday called for the Justice Department to join the ...
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Leah Schnurr
NEW YORK: US stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
The Dow and the S&P 500 finished at ...
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ISLAMABAD: Irfan Mirza, an expert on energy sector, has said that Pakistan should greatly concentrate on hydroelectricity production in the coming days, a statement said on Saturday.
There is no reason that can be attributed for the shortage of ...
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our correspondent
KARACHI: The Pakistan Standards & Quality Control Authority (PSQCA) has launched a campaign against bottled drinking water, an official said.
Pir Bux Jamali, director general of PSQCA, considered the complaints regarding bottled drinking water ...
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ISLAMABAD: The National Bank of Pakistan (NBP) and AF Ferguson & Co (PwC) have signed a landmark agreement for Business Process Review and Coso implementation at the NBP’s head office.
The NBP President Dr Asif A Brohi said, “NBP is committed to ...
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our correspondent
LAHORE: A three-day Pakistan Auto Show will take place in March in Lahore, to showcase the development of the country’s automotive industry and auto parts manufacturing sector, its organisers said on Saturday.
The annual event will be held at ...
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LONDON: Commodity prices mostly weakened this week, hit by a stronger dollar and falling demand for raw materials amid persistent concerns about the state of the troubled global economy, according to analysts.
Figures published Wednesday ...
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Shahid Shah
Celebrating the successful general elections, the Karachi Stock Exchange benchmark 100-index surged by 621 points in the week to a new all-time high of 20,537.03 points, while during the next week the index would continue to move upward, if there ...
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our correspondent
Port Qasim handled a cargo volume of 61,825 tons during the last 24 hours that included 34,600 tons of imports and 27,225 tons of exports, the Port Qasim Authority (PQA) reported on Saturday.
Accordingly, the port handled imports, including ...
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our correspondent
Karachi
The local currency market witnessed a mixed trend this week. However, it may see volatile trading session in the coming week, amid payment of another installment of loan to the International Monetary Fund (IMF), which is scheduled for ...
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London
Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as the dollar rose to the highest since 2008 after some Federal Reserve officials said the central bank should end its stimulus for the US ...
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our correspondent
Karachi
Cotton markets in Pakistan saw some improvement in trade activities after the commodity prices fell in line with the market expectations, a dealer said on Saturday. “Cotton trading gears up after its prices fell at the local markets,” a ...
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New York
Oil rose for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted US equities, even as the dollar hit a multi-year high.
The Conference Board’s Leading Economic ...
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KARACHI– May 18th, 2013: Striving to provide ever greater value to its customers, Pakistan State Oil (PSO) has reached yet another technological milestone by introducing chip-based Smart Cards. These fuel cards are the first of their kind to be ...
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