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Govt invites Exploration & Production companies to tap Shale gas, oil potential

BY SAJJAD HUSSAIN ISLAMABAD: Ministry of Petroleum and Natural Resources has invited local and international Exploration and Production (E&P) companies to tap massive Shale gas and oil reserves identified in a study carried out in collaboration with USAID. Accordingly, the ministry has established a Shale …

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Tobacco exports increase 35% in one year

ISLAMABAD -UNS/APP: The tobacco exports from the country witnessed sharp increase of 34.93 percent during the Fiscal Year 2017 as compared to the corresponding period of last year. According to figures of Pakistan Bureau of Statistics (PBS), the tobacco exports earned $14.807 million for the country in July-June (2016-17) …

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Pakistan, China sign documents to enhance bilateral cooperation

ISLAMABAD -UNS: Pakistan and China on Sunday signed different documents to enhance bilateral cooperation in the fields of education and infrastructure development. The documents were signed at the PM House in a ceremony during the visit of Chinese Vice Premier Wang Yang here. The signing ceremony …

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Finance Minister lauded for clearing refund claims of Rs 23 bln

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) lauded Finance Minister Ishaq Dar for clearing pending refunds of Rs 23 billion, terming is a step which will encourage exporters and taxpayers. “The government has fulfilled its promise to the business community for …

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Bank of China to open branch in Gwadar soon

ISLAMABAD -UNS: The Bank of China, along with other national and international banks, plans to open a branch in Gwadar, said Gwadar Port Authority Chairman Dostain Khan Jamaldini in a meeting with the president of the Summit Bank, Zaheer Esmail, here on Thursday. Mr Jamaldini …

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Pak-Afghan JEC to be held after fixation of date

ISLAMABAD-UNS : Pakistan and Afghanistan are agreed to organize the meeting of Pak-Afghan Joint Economic Commission (JEC) after fixation of the date with mutual consent. Finance Minister, Senator Mohammad Ishaq Dar during a meeting with the Ambassador of Afghanistan to Pakistan Omar Zakhiwal, who called on …

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Tax filers to enjoy major discounts on vehicle transfer fee

LAHORE -UNS- Federal Board of Revenue (FBR) is mulling to tight its grip on non-filers as revenue watchdog mulls to hike transfer fee of for those who haven’t filed tax returns yet. As per FBR, transfer fee would be waved off for those who have …

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NA secretariat blacklist Habib Rafiq

ISLAMABAD -UNS : On the direction of National Assembly Standing Committee on House and Library, the National Assembly Secretariat has announced to blacklist M/S Habib Rafiq from performing any construction or building project in the NA Secretariat. The announcement came after a joint inquiry committee …

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Pakistan, Thailand to hash out Free Trade Agreement

ISLAMABAD -UNS: Pakistan and Thailand will hold eighth round of talks on Free Trade Agreement in Islamabad on 21st of this month. Both sides have already exchanged the offer lists of items for free trade. The three-day talks would discuss text of the agreement, tariff …

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Oil markets escape Venezuela sanctions for now

NEW YORK: US oil markets had a muted reaction on Monday after Washington slapped sanctions on Venezuelan President Nicolas Maduro but experts say broader oil-sector and financial sanctions may be the only way to make the Venezuelan government feel economic pain, reported Reuters. The move …

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