Salman Abduhu

  • Lahore - The Pakistan Tanners’ Association (PTA) has urged the government to abolish customs duty on the import of basic raw materials in the upcoming federal budget 2017-18. In its budget proposals, PTA Regional Chairman Azam Malik demanded that the government should allow duty-free import ...

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  • LAHORE - More than 450 delegates from 26 countries participated in a business moot in Punjab on Monday. This is the second such a seminar organized by the Punjab Investment Board since 2015. Six hundred foreign investors, manufacturers, entrepreneurs and CEOs from different countries including ...

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  • LAHORE - The experts on Monday stressed the need to establish a “Dispute Resolution Commission”, consisting of reputed politicians, engineers, public figures and some foreign experts, for developing consensus on construction of Kalabagh Dam. “With a view to reduce dependence on ...

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  • LAHORE -  The industrial units, which are presently exempted from scheduled electricity loadshedding, might suffer power supply suspension of at least 8 hours in upcoming holy month of Ramazan, as the Lahore Electric Supply Company is considering to divert supply to domestic consumers who ...

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  • LAHORE -  The Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business Confidence Index (BCI) Survey - Wave 14 - on May 10, 2017. The survey showed an overall positive Business Confidence Score (BCS) of 13 percent, a 4 percent decline over the previous BCS ...

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  • LAHORE - Exports are proving to be Achilles heel for the cement sector that has seen its growth inhibited by regular decline in exports despite very healthy growth in domestic cement consumption. Exports need the government support to realise actual potential of cement sector. Data released by ...

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  • LAHORE - Independent Power Producers (IPPs) after getting assurance from the government have withdrawn the sovereign guarantee encashment demand. According to sources at Ministry of Water and Power, the Ministry of Water and Power secretary and representatives of IPPs met last week to settle the ...

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  • LAHORE -  The decision of the Supreme Court in Panama case will give political and economic stability to the country at least in short term, ending the atmosphere of uncertainty and promoting business and industrial activities in the country. Former finance minister Dr Salman Shah appreciated ...

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  • LAHORE - The business community has said that high trade deficit, surging by almost 39 percent to high of $23.39 billion in nine months of this fiscal year along with the massive debt burden, is the toughest challenge for the country, requiring extra efforts and prudent policies to boost exports, ...

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  • Lahore - The Sindh Board of Investment (SBI) has raised concern on the Free Trade Agreement (FTA) with Turkey, suggesting that the FTA can deliver better if designed in line with input given by local industry and investors. In a joint letter written to the Sindh chief minister, Federal Ministries ...

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  • Lahore - The Sui Northern Gas Pipe Line (SNGPL), providing gas supply throughout Punjab and KP, has removed gas connections of almost 18,735 consumers in first three months of the calendar year on account of default of around Rs894.206 million. According to the data available with The Nation, the ...

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  • ISLAMABAD - The government has released over Rs546 billion for various development projects across the country under the Public Sector Development Programme (PSDP). According to statistics provided by Ministry of Planning and Development, the aforementioned amount was released till 31st of the last ...

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  • LAHORE - Cement despatches reached historic heights in March 2017, touching almost 4 million tons with capacity utilisation crossing 101 percent on the strength of robust domestic demand though exports continued to decline. The All Pakistan Cement Manufacturers Association (APCMA) said that the ...

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  • LAHORE - The duration of electricity loadshedding has suddenly increased to around six hours daily, as shortfall has crossed over 3,000MW mainly due to limited generation from hydel side and majorly owing to halt in power production from independent power producers. Sources in water and power ...

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  • LAHORE -  Per capita water availability in Pakistan is approaching the stage of acute water stress due to combination of domestic, industrial, commercial and agricultural activities. This was stated by the speakers at a seminar organised by Pakistan Engineering Congress to mark the World Water ...

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  • LAHORE -  Over 370MW has been added to the national grid after the second turbine of the 1,180MW Re-Gasified Liquefied Natural Gas fired thermal power plant at Bhikki (Sheikhupura) started generation on trial basis. Before this, the test run of the plant’s first turbine had been started ...

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  • LAHORE - The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted comprehensive “Taxation Proposals" for the upcoming Federal Budget 2017-2018 and represented the collective recommendations of foreign investors. OICCI proposals are focused on accelerating economic growth ...

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  • Lahore - The 13 IPPs who have sent notices to invoke Sovereign Guarantee recently on non-payment of their dues have been invited for a meeting on March 13 in PPIB’s Islamabad office to find a way to resolve the overdue payments and other issues amicably. According to the Private Power and ...

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  • LAHORE -  The government’s recently announced growth-led export package for the textile industry is commendable but fails to address the core issues of energy affordability in Punjab which is hurting industry badly where energy is a major factor of production. The high cost of production ...

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  • LAHORE -  The country’s power generation has registered a decline of four percent in January 2017 owing to lower electricity off-take during the winter season but this power generation grew by 2 percent if compared to the production of the same period of last year. According to National ...

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  • LAHORE -  In spite of the fact that cement consumption was rebounded in the domestic market in February 2017, the industry registered a negative growth for the first time during current fiscal year due to the massive decline of 45 percent in exports. Total cement consumption in February 2017 ...

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  • LAHORE -  The government was applauded for clearing Rs480 billion circular debt when it came into power in 2013, but it is leaving behind almost the same amount for the next government. According to details, Kot Addu Power Company Limited is yet to receive Rs68,177 million, Hub Power Company ...

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  • LAHORE -  Only 20 mcm (Million Cubic Meters) of water is currently being harvested out of a total potential of 375 mcm, with functioning just around 600 ‘tobas’ out of 1,600 ‘tobas,’ while thousands have lost their storage capacity due to sedimentation. These views were ...

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  • LAHORE -  Federal Commerce Minister Khurram Dastgir has said that the PM’s incentive package for the exporters is not limited to just Rs180 billion as the government’s rebate might surpass this limit depending on higher exports volumes. The minister was chairing the Federal Textile ...

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  • LAHORE -  More than 90 percent of the leather industry is unable to avail the Prime Minister’s incentive package of Rs180 billion announced recently for the export-oriented industries, as the Commerce Ministry has ignored all major finished leather products’ HS Codes in its ...

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  • LAHORE -  The coal kept on falling off the hopper wagon of Railways due to some fault as the door opened automatically during the journey from Port Qasim to Sahiwal, raising a question mark on the performance of the newly-assembled freight train in Pakistan with sole aim of transporting ...

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  • LAHORE -  Cement sector has posted a nominal increase of 0.78 percent in local cement dispatches while export dispatches declined by 2.71 percent in January 2017 compared to this with same month last year. Due to heavy rains and snowfall across the country during the month of January 2017, ...

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  • LAHORE - The recent rain spell will have a positive impact on all major agriculture Rabi crops including wheat, gram and fodder in arid as well as irrigated areas, removing the fear of water shortage following long dry weather in December last year. Agricultural experts said the countrywide rains ...

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  • LAHORE-The China Pakistan Economic Corridor has brightened the hope for a better and modernized railway infrastructure, which has been causing huge losses to the economy for a long time mainly due to lack of funding, bad governance, negligence and corruption. The financing for the rail network ...

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  • LAHORE -  The National Transmission and Dispatch Company Ltd (NTDC) has announced to connect 1,320MW Sahiwal Coal-Fired Power Plant with national grid through a 500 kV transmission line under China Pakistan Economic Corridor (CPEC) framework. Construction work of the 5 km long transmission ...

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