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LPG-air mix plants installation project enters implementation phase

ISLAMABAD (APP) – The two state companies, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) are working to set up 59 LPG-air mix plants at designated sites in their respected operational areas. “The project is aimed at providing gas facility to the population in the areas where facility of natural gas is not available and …

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European equities mixed, Wall Street firmer

LONDON (AFP) – Europe s major stock markets were mixed at the end of the trading session on Friday, while prices on Wall Street were firmer on better-than-expected retail sales data, dealers said. After slipping briefly into the red earlier, Europe s main stock indices seemed fo find a floor as they headed into the weekend, buoyed by higher stock …

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Pakistan’s inflation rate may go up in FY 2018-19

World Bank expect that Pakistan exports may show growth in FY2018 and FY2019 but inflation in both the years might rise because of higher global crude oil price and increase in demand of the products at the domestic horizon where outlook depends upon macroeconomic and political stability. The World Bank released a report on South Asian economies where it given …

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Madrid stocks, Euro slide on Catalonia vote, other European markets rise

LONDON (AFP) – The euro and the Spanish stock market slid on Monday as voting in a banned Catalonia independence referendum was marked by a violent police crackdown, but most other European markets rose. Frankfurt, Paris and London equities posted moderate gains, with the British market buoyed somewhat as the collapse of Monarch Airlines handed a boost to rival carriers. …

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Stock market welcome for Trump tax plans fades fast

LONDON (AFP) – A rebound in sentiment after US President Donald Trump unveiled market-friendly tax cut plans proved short-lived as stocks traded mixed on Thursday. The Dow edged out meagre gains by late morning trading, but the broader S&P 500 was flat and the tech-heavy Nasdaq down. In Europe, equities advanced modestly, while Asian indices struggled to track Wall Street …

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FBR seeks banks’ support to boost filing of Income Tax returns

Federal Board of Revenue (FBR) has started contacting country’s banks and financial institutions as part of an outreach programme to boost the filing of Income Tax returns . As part of the initiative, a team of FBR’s Facilitation and Taxpayers Education (FATE) Wing led by Member FATE, FBR, Ms Nausheen Javaid Amjad held an extensive meeting with Mr. Naeemuddin Khan, …

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Over 21 percent growth in net tax collection in two months

ISLAMABAD (APP): The net tax collection by Federal Board of Revenue (FBR) during the first two months of the current fiscal year increased by 21.02 percent as against the same period of last year. The gross revenue collection during July-August (2017-18) witnessed growth of 24 per cent as compared to the corresponding period of last year, however after paying the …

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‘Lively’ investor interest in Air Berlin: CEO

BERLIN (AFP) – Bidding ended Friday for bankrupt Air Berlin, after a raucous battle for Germany s second-largest airline that could see the carrier broken down for parts. “The lively interest from investors speaks well for Air Berlin,” chief executive Thomas Winkelmann said, as the firm announced “several” bids had arrived before the deadline. Some 8,500 employees, 140 aircraft and …

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Eighth China-Pakistan Free Trade Agreement conference commences in Beijing

BEIJING: The eighth round of China-Pakistan Free Trade Agreement negotiations (second phase) started in Beijing on September 14. The Pakistani delegation is headed by Mohammad Younus Dagha, Secretary, Ministry of Commerce, while the Chinese side is led by Vice Minister Wang Shouwen, Ministry of Commerce, China. The Chinese delegation consists of representatives of seven government ministries and departments. Ambassador of …

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