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 Latest Business and Finance News
Asia subdued before oil producers' meeting, China GDP taken in stride [Reuters]

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PBA submits budget recommendations to FBR  [The Nation] 05 Apr, 2017

KARACHI - The Pakistan Banks’ Association (PBA) has submitted its recommendations for the Federal Budget 2017-2018 on the banking sector to the Federal Board of Revenue (FBR).

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Kuwait to borrow more from int’l market  [The Nation] 05 Apr, 2017

KUWAIT CITY - Kuwait will increase its borrowing on international markets to plug a budget deficit resulting from low oil prices, the finance minister said on Tuesday.

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Stocks witness lacklustre session  [The Nation] 05 Apr, 2017

KARACHI - Stock market witnessed another lacklustre session, with investors sitting on the bench waiting for the political situation to unfold. The PSX shares index traded in a narrow band and event ...

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Pakistan to become Asia’s premier trade corridor, says Mamnoon  [The Nation] 05 Apr, 2017

ISLAMABAD - Thierry Pflimlin, chairman of the France-Pakistan Business Council of MEDEF International, called on President Mamnoon Hussain on Tuesday and said that France is keen to further expand b ...

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SBP renews status of credit rating agencies  [The Nation] 05 Apr, 2017

KARACHI - The State Bank of Pakistan (SBP) has renewed the status of JCR-VIS and PACRA as Eligible External Credit Assessment Institutions (ECAIs), a statement of the central bank said here on Tuesd ...

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Sales tax on oil tanker services ‘deferred till June’  [The Nation] 05 Apr, 2017

ISLAMABAD - The government has deferred imposition of sales tax on services on oil tankers till June 30.

“Our negotiations with the federal and provincial go ...

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Ban on cotton sowing lifted in Punjab  [The Nation] 04 Apr, 2017

ISLAMABAD: A ban imposed on cotton sowing in the province has been lifted and farmers can start its cultivation without any delay.

This was stated by Punjab Agriculture Department spokesperson on Monday. The ban was impos ...

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RLNG supply to Punjab CNG stations suspended  [The Nation] 04 Apr, 2017

ISLAMABAD - Re-gasified Liquefied Natural Gas (RLNG) supply to CNG stations in Punjab was suspended at 7am this morning (Tuesday morning), as the government has diverted RLNG to power generation pla ...

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Chinese parliamentary delegation to visit Pakistan  [The Nation] 04 Apr, 2017

ISLAMABAD - A high level Chinese parliamentary delegation is arriving on a two-day official visit to Pakistan. According to the Senate Secretariat, the delegation will be headed by Yu Zhengsheng, ch ...

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Inflation mounts to 4.9pc  [The Nation] 04 Apr, 2017

ISLAMABAD - Pakistan’s inflation rate has sharply increased to 4.9 percent in March due to hike in prices of food commodities as well as fuel.

The inflation ...

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Traders’ reservations will be allayed: Official  [The Nation] 04 Apr, 2017

PESHAWAR - Special Assistant to Khyber Pakhtunkhwa Chief Minister on Transport Malik Shah Muhammad Wazir has assured the traders that the government will allay all their reservations about the Rapid ...

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WTO creates panel to decide on China, EU trade flap  [The Nation] 04 Apr, 2017

GENEVA - The World Trade Organisation Monday set up a panel to examine the so-called "surrogate country" approach used by the European Union to calculate anti-dumping measures applied to Chinese exp ...

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PTEA chief flays PM’s export package  [The Nation] 04 Apr, 2017

FAISALABAD - Pakistan Textile Exporters Association Chairman Ajmal Farooq has said that the prime minister's export package would prove ineffective in boosting exports as extreme cash flow crunch is ...

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KP cabinet approves financial management strategy  [The Nation] 04 Apr, 2017

PESHAWAR - The Khyber Pakhtunkhwa cabinet has approved the three-year Public Financial Management (PFM) reform strategy (2017-20), which envisages a comprehensive roadmap for reforms focusing on bud ...

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Stocks witness marginal gains in range-bound session  [The Nation] 04 Apr, 2017

KARACHI - The Pakistan Stock Exchange (PSX) witnessed range bound session on first trading session of the week with shares index made moderate gains of 71.82 points and close at 48,227.75 points.

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Gas crisis will not end even by 2030: Ogra  [The Nation] 04 Apr, 2017

ISLAMABAD - The Oil and Gas Regulatory Authority (Ogra) has forecasted that gas crisis will not end even in next 13 years, whereas shortfall would soar to 6.71 billion cubic feet in same period. By ...

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Despite producing 17pc gas Baloshistan consumed 2pc in ‘15-16  [The Nation] 03 Apr, 2017

ISLAMABAD -  Baluchistan produces 17 percent of the total natural gas in the country; however, the province consumed only 2 percent natural gas during 2015-16, according to the Oil and Gas Regu ...

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4 NBP branches to collect taxes for Excise Dept  [The Nation] 03 Apr, 2017

KARACHI: Four new branches of the National Bank of Pakistan (NBP) will now collect taxes for the Sindh Excise and Taxation & Narcotics Control (ET & NC) department in Karachi. The decision h ...

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Drip sprinkler irrigation system to be installed on 20,000-acre land  [The Nation] 03 Apr, 2017

SIALKOT -  The Agriculture Department has evolved a three-year plan worth Rs4.76 billion for introducing new techniques to enhance per acre yield and improve economic conditions of farming comm ...

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Govt urged to pay attention to agricultural sector  [The Nation] 03 Apr, 2017

ISLAMABAD -  The federal and provincial governments should not ignore agricultural sector in the upcoming budget and must allocate proper resources for its development, a business leader said o ...

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ICCI considers Pak-Bahrain conference milestone for economic ties  [The Nation] 03 Apr, 2017

ISLAMABAD -  Islamabad Chamber of Commerce and Industry (ICCI) has lauded the Pakistan-Bahrain Business Opportunities Conference held here on March 30 and considered it a milestone in economic ...

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Islamic financial system discourages accumulation of wealth: Expert  [The Nation] 03 Apr, 2017

LAHORE -  Islam's finance and banking system discourages accumulation of wealth in few hands, said Umar Farooq Quddusi, an expert on Islamic financial system.

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30 officials complete USDA sponsored training programme  [The Nation] 03 Apr, 2017

ISLAMABAD - Thirty Pakistani government officials and agricultural industry representatives have completed a six-year US Department of Agriculture (USDA) sponsored training programme.

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LCCI chief asks govt to curb smuggling  [The Nation] 03 Apr, 2017

LAHORE -  Lahore Chamber of Commerce and Industry (LCCI) President Abdul Basit has urged the government to take more steps to control smuggling and said that Frontier Constabulary (FC), deploye ...

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Consumer spending slows, but inflation is rising  [The Nation] 02 Apr, 2017

WASHINGTON   -  US consumer spending barely rose in February amid delays in the payment of income tax refunds, but the biggest annual increase in inflation in nearly five years supported e ...

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Germany criticises Trump orders on trade deficits, import duty evasion  [The Nation] 02 Apr, 2017

BERLIN -  US President Donald Trump's executive orders on trade deficits and import duty evasion are a sign that Washington plans to move away from freetrade and international ag ...

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Trump lacks team and clear plan for quick tax reform  [The Nation] 02 Apr, 2017

WASHINGTON -  President Donald Trump has neither a clear White House tax plan nor adequate staff yet to see through a planned tax reform, according to interviews with people in the administrati ...

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Oil Tanker Contractors Association calls strike  [The Nation] 02 Apr, 2017

KARACHI:-The Oil Tanker Contractors Association on Saturday announced a strike against the implementation of sales tax. "If combined, the sales tax for all provinces sums up to sixty-four percent," ...

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Cement manufacturers for discouraging cement imports  [The Nation] 02 Apr, 2017

LAHORE -  While the world is strengthening barriers on import to promote the local industries, it is surprising that some quarters in Pakistan are going against this global practice.

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Shares maintain a gloomy look as KSE down 1.7 percent  [The Nation] 02 Apr, 2017

Lahore -  The market maintained its gloomy look which has been persisting for the past few weeks, with the KSE-100 index ending on 1.7 percent WoW to close at 48,156 levels.

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