Salman Abudhoo

  • TLAHORE - The CarFirst is providing a unique online auction platform for used cars in Pakistan, giving its strategic partners the fastest way to find the perfect car that fits its buyers’ needs. It is one of the fastest growing entities in auto sector with its presence in major cities and also ...

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  • TLAHORE - Following the start of trade through Gwadar Port under the China-Pakistan Economic Corridor (CPEC) project, the business community, while showing its excitement, has said the dream has come true and the country has taken a giant leap towards economic stability. Lahore Chamber of Commerce ...

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  • TLAHORE - Pakistan is swiftly losing its share of world leather market to regional countries because of higher cost of production, as the leather exports have declined by 18 percent on average in 2015-16. Pakistan Tanners Association North Zone Chairman Azam Malik lamented that Pakistan’s ...

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  • TLAHORE - The exclusion of Britain from the European Union will hit the Pakistani textile sector the most. However, the negative impact emanating from the Brexit will be comparatively less for Pakistan’s economy as it is relatively insulated from global markets. This is because ...

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  • TLAHORE - As the new auto policy is facing a long delay the imports of used cars have doubled in the first four months of the current financial year in comparison with the same period last year, eating up hundreds of vending jobs and putting immense pressure on local manufacturers. The imports in ...

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  • TLahore - The poultry farmers have suffered a loss of about Rs6 to Rs7 billion during the last three months as the farmers lost around Rs1.5 million from a single crop in one poultry shed due to multiple reasons including high energy cost, heavy taxation, low demand and lack of government incentives ...

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  • TLahore – The business community Saturday demanded of the government to run all Public Sector Enterprises (PSEs) under Public-Private partnership as majority of public entities have failed to deliver desired results. Government would have to have some extraordinary plan to control heavy loss ...

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  • TLahore: All Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Commerce to suspend the import of cement through land routes intoPakistan, and also advise the Iranian government to seek quality approval from PSQCA, before imports could be resumed at statutory duties. In ...

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  • TLAHORE: Wajahat Husain, President & CEO of United Bank Limited (UBL) and Engineer Muhammad Arshad Chaudhry, Managing Director of National Transmission & Despatch Company Limited (NTDCL) attended a formal ceremony marking a major milestone towards Facility Effectiveness of the Syndicated ...

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  • TLAHORE  - Federal Minister for Textile and Industries Abbas Khan Afridi has said that that country is exporting around 80 per cent of textile products in raw shape without making any value addition, which neither payback good prices to Pakistan, nor create employment opportunities at local ...

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  • TLAHORE - When stock market is already crashed, rupee is volatile and foreign exchange reserves are being eroded hastily, trade and industry representatives have asked the PTI Chairman Imran Khan to keep national economic interests above his politics of sit-ins and protests, as his negative ...

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  • T LAHORE – All ghee and cooking oil mills throughout the country remained closed on Saturday to protest against Karachi’s transport mafia after Friday’s incident in which four tankers, carrying consignments of edible oil, were torched.The transport mafia, backed by political ...

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  • T LAHORE – The Punjab government has asked Islamabad to revise the decision of exporting sugar, saying that lifting of ban amidst the crushing season is dangerous as it is likely to create shortage of the white sweetener in the country.Official sources told The Nation that after the recent ...

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  • T LAHORE – Business community has totally rejected the unjust increase in petroleum product prices and demanded of the government to bring down the rates immediately as the bulk raise is bound to shatter all segments of society including industry and trade. While strongly reacting on this ...

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  • T LAHORE - The Lahore fish wholesale market is supplying around 100-120 tonnes of fish daily all over the country during winter season. This is the largest market of freshwater fish in Pakistan that exports it to more than 15 countries regularly, including EU, African and Middle Eastern countries. ...

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  • T LAHORE - The devolution of drug regulations has resulted in serious financial implications as it has increased the input cost of drug manufacturing manifold. While the world is going towards more cautious and centralised approach towards regulation of drugs to ensure uniform and top quality ...

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  • TLAHORE - The payment of Rs 225 billion to the sugarcane growers by the millers is now on stake, as the federal government is neither purchasing the surplus sugar stock nor it is allowing the manufacturers to export it, enabling them to make in-time payment to the farmers. Presently, the sugar mills ...

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  • TLAHORE Pakistan is likely to spoil its surplus wheat owing to its high price as compared to the international market and substandard storage system, losing an opportunity to earn millions of dollars through its export. Experts feared that fresh imminent increase in the wheat support price will ...

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  • TLAHORE - Criticizing the significant increase in wheat support price, the economists have warned the government that this step would increase inflation in the country to over 15 per cent. Noted economist Dr Khawaja Amjad Saeed, while talking to The Nation, proposed that direct subsidy to farmers ...

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  • TLAHORE - The PPP-led governments policy of preferential treatment regarding gas supply is causing considerable decrease in the production of fertilizer in the country as the plants having capacity to produce urea in big quantities are being kept deprived of gas while the small plants are still ...

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  • TLAHORE - Lack of planning, illogical use of available resources and corruption have brought the energy crisis to a critical stage. The government still doesnt have any mechanism to control this ongoing crisis as the circular debt is constantly going to upward. Energy sector experts said that the ...

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  • TLAHORE - The consumption of furnace oil in the country has jumped by 11 percent in Nov, as the power plants, including IPPs, have been forced to switch over to oil for generation of their electricity following the gas supply suspension to them. Likewise, the sale of Motor Gasoline (MOGAS) also ...

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  • TLAHORE - The retailers are not ready to pass on the benefit of low sugar rates to the consumers, as the price of sweetener has plummeted to Rs54 per kg in the wholesale market. Consumers, particularly in the posh areas, are forced to pay Rs70 to Rs72 per kg to the shopkeepers, as they are totally ...

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  • TLAHORE There is no need to worry over granting MFN status to India as 1,936 goods are already being imported from the neighbouring country. This was the upshot of the lectures delivered at a seminar organised by Pakistan Agriculture Scientists Forum here at UVAS. The speakers said that by creating ...

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  • TLAHORE - The gas loadshedding to the urea plants on SNGPL network continued as fertilizer sector is facing a gas cut of 90mmcfd that may result in a production loss of 90,000 tons during the peak demand in wheat sowing season. Industry sources said that with the start of winter season, gas ...

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  • TLAHORE The total cement dispatches are likely to remain flat at 12.42 million tons during 5MFY12 (July-Nov) compared to 12.54 million tons in corresponding period last year. According to industry sources, the trend was replicated in local dispatches which portrayed a meagre improvement to 8.67 ...

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  • TLAHORE The unchanged monetary policy by the State Bank kept the stock market investors depressed during the outgoing week. The KSE 100-share index closed at 11,372 points, declining by 276 points or 2.4 percent WoW. Average volumes remained dismally low at 37 million shares, though on a WoW basis, ...

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  • TLAHORE The country is all set to face the worst power crisis as the water level will be going down in a few weeks, reducing electricity generation from hydel power plants by 2,000-3,000MW. And the second option, the GENCOs, will fail to fill the gap because they are not even capable of meeting ...

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  • TLAHORE The country will miss the 4 million tons target of rice export, as the constant power breakdowns has affected the whole chain of rice growers, millers, shellers and exporters, who are unable to fulfill their orders. Pakistan is likely to miss the export target, though our products demand is ...

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  • TLAHORE - Textile industry continued to remain closed for three days a week, as Sui Northern Gas Pipelines Limited (SNGPL) has suggested a cut in gas supply to the industries in Punjab in the winter season to ensure supply to residential consumers in the face of expected shortages. The gas shortage ...

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