Salman Abduhu

  • TLahore  -   The business community expressing positive feelings on government Economic Reform Package (ERP) or mini budget termed it a positive for some businesses in the short run, but criticized lack of measures to address the burgeoning fiscal deficit of 6-7% of GDP in FY19. The ...

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  • TLAHORE  -   Chief Executive Officer of Indus Motor Company (IMC) Ali Asghar Jamali has said that it is in the interest of the car manufacturers to have maximum parts made locally and for last 30 years OEMs have come a long way to establish vendor and engineering base in ...

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  • TLAHORE - Tractors production came to a grinding halh in December, and the industry was hoping that it will start in the new year, but that has not happened as assembly plants extended their shut down due to zero order. Chairman PAAPAM Ashraf Sheikh said that the assembly plant is supported by ...

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  • TLAHORE  -   The industry in Punjab has been exposed to a severe loadshedding of electricity over the last 48 hours, as the power supply has been suspended to the production units attached with the independent feeders. As a result, production activities have been terminated and the ...

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  • TLAHORE  -   Pakistan market continued its fall for the second year in a row, down 8 percent in 2018. This fall in two successive years is after a period of 22 years. In market capitalization, Pakistan lost $26b in 2018. According to stock market experts, falling global market ...

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  • TLAHORE - The Pakistan Railways has enhanced the availability of operational coaches to almost 1,270 in 2018 from around 950 in 2013 due to increased spending on up-gradation of coaches, which has reached Rs85 billion in 2018 from expenditure of Rs48 billion in 2012-13. Officials said that the PR ...

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  • TLAHORE  -   The United Business Group (UBG) this year again has swept the elections of Federation of Pakistan Chambers of Commerce and Industry (PCCI) for the fifth consecutive year with historic margin, winning all the seats of president, senior vice president and four vice ...

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  • TLahore - The Pakistan Railways is violating the prescribed rules in award of a ‘crane handling contract’ at its Mughalpura, Lahore Dry Port, favouring its blue-eyed and influential company, causing millions of rupees loss to the department, it is learnt. According to sources, the ...

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  • TLAHORE   -  The SNGPL has increased gas supply for Lahore region and an additional supply of 20 million cubic feet per day (mmcfd) has been added to cater the needs of domestic consumers keeping in view of the increased winter. Sui Northern Gas Pipe Lines Company officials said that ...

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  • TLahore - Two tractor assembling plants and 200+ tier 1 vending base move towards closure as the tractor bookings has dropped sharply. This industry employs some 100,000 skilled people mainly in Lahore. Mumshad Ali, former chairman of Pakistan Association of Automotive Parts & Accessories ...

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  • TLAHORE   -  The benchmark KSE-100 index witnessed a correction during this week, posting an attrition of 373 points or 0.9 percent. Volumes also remained sluggish during the week, as average daily traded volumes declined by 3 percent WoW. On the flip side, average daily value ...

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  • TLahore/RAWALPINDI    -   The business community has criticised the government for abrupt plunge of rupee against dollar which was devalued by around 6 percent in early hours of the interbank market to around Rs142, closing at Rs138.50 versus greenback. According to experts ...

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  • TLAHORE   -  The acute shortage of electricity, bad law and order, ever-soaring inflation, shortage of skilled labour force and high mark-up rate during last one decade are the major reasons, hitting the handknotted carpet industry hard, besides causing huge decline in rugs ...

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  • TLAHORE - Pakistan has potential of enhancing its exports to China by three hundred percent to the tune of $3.6 billion from the existing level of $1.2 billion in the current financial year by just securing zero-tariff access in renegotiation of the free trade agreement (FTA) second phase with China ...

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  • TLAHORE - All the cellular users, numbered in several millions, are forced to pay high off-net call costs in Pakistan as state-run telecom regulator is in a fix over reducing the Mobile Termination Rate (MTR) despite the lapse of over a year. Industry sources said that the Pakistan Telecommunication ...

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  • TLahore - With a view to optimal utilization of water and hydropower resources in the country, Water and Power Development Authority (WAPDA), which has succeeded to accomplish three power projects of around 2,500MW this year, is now working on another eight hydropower projects and water reservoirs ...

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  • TLAHORE - The Indus Motors Company on Tuesday announced to increase its various brands prices ranging from Rs50,000 to Rs175,000 for November and December deliveries and Rs100,000 to Rs350,000 for deliveries from January next year. This is the fourth raise in car prices by the company since December ...

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  • TLAHORE - The Pakistan Tehreek-e-Insaf-led new Punjab government yesterday presented its first budget with Rs2,026 billion outlay for the remaining eight months of the current fiscal year 2018-19 amid noisy protest and rumpus created by the opposition in the house. The budget laid emphasis on ...

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  • TISLAMABAD/LAHORE - The Pakistani rupee tumbled as much as 10 percent Tuesday against the dollar after the government’s decision to seek a bailout package from the International Monetary Fund to stem a balance of payments crisis. The US dollar touched historic high of Rs138 in open market on ...

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  • TLAHORE - The KSE-100 index of Pakistan Stock Exchange continued its downward trajectory on Monday, shedding 1,328 points to sink to 27-month low. Experts said that KSE 100-index registered largest single day loss of 3.4 percent after 15 months, where index closed below 38000-point level at 37,898 ...

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  • TLAHORE - The Mari gas field, which runs around 90 percent of the country's fertilizer plants, is going to deplete within 6-8 years. Engro Fertilizers Senior Vice President Asif Tajik said that the fertilizer industry would have to explore new feed gas options for producing urea, as its import ...

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  • TLAHORE - The Lahore Chamber of Commerce and Industry, on strong protest of its opposition group, has decided to bring down processing fee for Chinese visa. The LCCI new office-bearers, in their maiden meeting, have decided to cut down the service charges for the visa of China, but did not mention ...

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  • TLAHORE - The Pakistan Railways is seriously thinking to sell at least 10 commercial plots worth billions of rupees located in Lahore and Karachi to overcome around Rs40 billion deficit of the Railways as per the commitment of the new federal minister for railways Sheikh Rasheed ...

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  • TLAHORE - The PIAF-Founders Alliance Monday swept the first phase of Lahore Chamber of Commerce and Industry’s election by winning all the 7 seats of LCCI Corporate Class for year 2018-19 against Lahore Businessmen Front. Total 1423 votes were polled out of 3114 while 15 votes were rejected ...

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  • TLAHORE  -  The local industrial sector has pleaded the government to withdraw increase in gas price as it will make locally produced products uncompetitive in local and global markets and will lead to thousands of jobs losses. All Pakistan Ceramic Tiles Manufacturers Association (APCTMA) ...

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  • TLAHORE - Hundreds of so-called foreign companies, which had entered into joint ventures with Pakistani firms and their owners became ‘resident persons’, have been continuing to evade tax for the last seven years, inflicting more than Rs300 billion annual loss to national ...

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  • TLAHORE - More than 600 containers of Pakistani rice have been stuck up at Kenyan ports by Kenyan Customs Authorities for the last several weeks due to the issue of Phytosanitary protocols. The Rice Exporters Association of Pakistan Chairman Ch Samee Ullah Naeem told The Nation that shipments ...

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  • TLahore - Exports were the saving grace for Pakistan’s cement industry in August as the domestic consumption plummeted by massive 13.73 percent which in fact was the first such decline in consumption in last three years. According to statistics issued here on Wednesday by APCMA, the ...

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  • TLAHORE - The business community on Sunday demanded the new government to immediately focus on major economic issues, especially enhancing exports. Businessmen representatives also called for formulating as well as implementing an effective industrial policy with major focus on lowering cost of ...

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  • TLAHORE  -  The industry collected a total of about 8 million hides and skins worth Rs6.54 billion during three days of Eidul Azha against last year’s collection worth approximately Rs8 billion, showing a significant drop in slaughtering of sacrificial animals. Industry experts said ...

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