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[[IMAGE: " One should see the issue of a conventional balance not an end in itself but as part of a larger framework of strategic stability," an India scholar Dr Suba Chandran.]] NEW DEHLI:? Pakistan is unhappy with India for “not addressing” its concerns over the removal of non-tariff barriers (NTBs), but Indian officials insist the delays are purely procedural. “It was decided by the two sides that agreements for checking non-tariff barriers will be signed in February 2012. In fact, Fahim... Read Full Story

[[IMAGE: KSE’s benchmark 100-share index crawls up 18 points.]] KARACHI:? The stock market remained range-bound on the last trading session of the week as investors stayed away ahead of the monetary policy announcement scheduled today (Saturday) The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.15 per cent or 18.36 points to end at the 12,231.60 point level. The Supreme Court’s hearing scheduled for February 13 also kept investors from taking major positions in the market... Read Full Story

[[IMAGE: Sales stood at 85,011 units in the first seven months of fiscal 2012 against 72,580 units sold in the same period of the preceding year, according to data released by Pakistan Automotive Manufacturers Association.]] KARACHI:? Car sales rose 17% in the first seven months of fiscal 2012 on the back of higher demand and Punjab’s yellow cab scheme.  Sales stood at 85,011 units in the first seven months of fiscal 2012 against 72,580 units sold in the same period of the preceding year... Read Full Story

[[IMAGE: The key disputes which have been resolved including the collection of royalty and well head price for onshore and offshore fields. PHOTO: MOHAMMAD NOMAN/EXPRESS]] ISLAMABAD:? The row between the centre and provinces has come to an end, for now as both sides have developed a consensus on regulating the upstream oil and gas industry. The key disputes which have been resolved including the collection of royalty and well head price for onshore and offshore fields. In the new development... Read Full Story

[[IMAGE: The consumer goods giant’s net profit was 10% higher than market expectation as analysts expected it to stand around Rs3.67 billion.]] KARACHI:? Unilever, the maker of more than 50 brands from Fair and Lovely to Knorr soup, beat all estimates and posted a 25% jump in profits to Rs4.09 billion on the back of higher sales despite price hikes across the board. The consumer goods giant’s net profit was 10% higher than market expectation as analysts expected it to stand around Rs3.67... Read Full Story

[[IMAGE: The country could produce coal-powered electricity at Rs4 to Rs5 per unit against power generated at Rs12-13 per unit by using expensive furnace oil. PHOTO: FILE ]] ISLAMABAD:? Despite clear instructions of Prime Minister Yousaf Raza Gilani, the finance ministry has not yet committed any funds for providing much-needed boost to the Thar coal project. In a meeting held here on Friday, Dr Samar Mubarakmand and his team gave a detailed briefing to Adviser to Prime Minister on Finance Dr... Read Full Story

[[IMAGE: Ambassador Munter said that Pakistan is known for its fruits and agricultural products and the US government is assisting Pakistan achieve internationally required standards. PHOTO: REUTERS/FILE]] KARACHI:? The United States of America will help Pakistan gain financial stability through improved accessibility of its agricultural products to international markets, according to the US Ambassador Cameron Munter. He was talking to journalists on Saturday, during a visit to the DAWN... Read Full Story

[[IMAGE: Authorities receive $1.2b in six months, 67% higher than previous year.]] ISLAMABAD:? Pakistan has managed to obtain $1.2 billion in new loans during the first half of the current fiscal year mainly against projects funding. The country’s foreign loans increased 67% during July to December 2011 against $679 million received in the same period a year ago, according to documents from the Economic Affairs Division (EAD). As much as 96% of the loans were disbursed against various... Read Full Story

[[IMAGE: Delegation of Indian businessmen taking part in the "The India Show", a trade show being held in Lahore. PHOTO: INP]] LAHORE:? Federal Commerce Minister Amin Fahim has said that the governments of Pakistan and India are determined to ensure normalisation of trade and economic relations and discussions are under way on a three-year multiple visa to enable the business community to move easily. Speaking at the inaugural ceremony of ‘The India Show’ organised by the Federation of India... Read Full Story

[[IMAGE: The website of the Competition Commission of Pakistan was hacked. However, they restored it late on Saturday. ]] KARACHI:? The official website of the Competition Commission of Pakistan (CCP) – an apex government body that promotes competition and fair trade in the market – was taken down, apparently by a hacker on Saturday. Officials, however, linked the breakdown to technical problems at the end of host server and ruled out any possibility of hacking. In what seemed to be an... Read Full Story