Salman Abduhu

  • The strategically important 969 MW-Neelum Jhelum Hydropower Project (NJHP) achieved a major milestone, as water filling has been started today in the reservoir subsequent to the substantial completion of the dam. Neelum Jhelum Hydropower Project is being constructed on river Neelum in AJ&K. The ...

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  • LAHORE -  Lack of investment opportunities in the country has been attracting the automobile dealers to invest their money in auto sector and they continue to book vehicles before their production from the factory and earn huge profit in the form of ‘own money’. The Pakistan ...

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  • LAHORE -  The 140 million subscribers of cellular services in the country will be benefited if the Pakistan Telecommunication Authority (PTA) revises the Mobile Termination Rates (MTR) significantly which are considered highest in the region, telecom industry experts said. MTR are the charges ...

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  • LAHORE -  The Pakistan Railways has planned to upgrade and construct a total of more than 50,000-km long rail tracks all over the country on a build-operate-transfer (BOT) basis. The PR, last month, had invited Expression of Interest (EoI) for prequalification of contractors in this regard ...

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  • LAHORE - The cement industry, in the first quarter of this fiscal year, dispatched 10.348 million tons of cement, the highest ever, and it is well poised to cross the 40 million tons barrier this year. According the data released by All Pakistan Cement Manufacturers’ Association (APCMA), the ...

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  • Lahore - Federal Minister for National Food Security and Research Sikandar Bosan has said that the government will never allow import of any vegetables, including tomato and onion, from India despite record high prices of these kitchen items in local markets due to limited local supply. He said ...

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  • LAHORE -  The PIAF-Founders Alliance has made another clean sweep by winning all 7 seats of LCCI Associate Class for year 2017-18, paving way for the Alliance to have its president, senior vice president and vice president. Total 3342 votes were polled out of 8808 while 28 votes were rejected ...

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  • LAHORE -  Rejecting the hike in electricity tariff by the National Electric Power Regulatory Authority (Nepra) on pressure of Power Distribution Companies, the business community on Friday asked the authorities to reduce electricity and gas tariff particularly for the industry in Punjab. All ...

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  • LAHORE - The InsuResilience Investment Fund, set up by the German Development Bank KFW and managed by Swiss-based Impact Investment Manager Blue Orchard Finance, has entered into an agreement to acquire a significant minority stake in Lahore-based Asia Insurance Company Ltd, a general insurance ...

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  • LAHORE - The election process of All Pakistan Textile Mills Association (Aptma) has been halted and procedure may prolong to next month, as a former chairman of Aptma from Khyber Pakhtunhwa Ahmed Kuli Khan has approached the court for stay order. Usually election process completes in September ...

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  • LAHORE - Federal Minister for Commerce and Textile Pervaiz Malik has said that Pakistani products could not get proper market share due to high input cost, stating that however, Rs180 billion PM export package has contributed significantly towards putting the country's exports into growth ...

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  • LAHORE -  The Punjab Agriculture Commission, in its Agriculture Policy Draft, has called for reforming the agriculture sector as a profitable industry by promoting investment in the infrastructure, research, outreach, skills, value chains, agro-industry and rural development. Punjab Chief ...

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  • LAHORE -  Bearish trend continued in the first three trading sessions where index lost 250 points, amid increased geo political tension; while concerns on the external account position also added to the fuel. Last trading session observed a relief rally led by settlement between the US ...

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  • LAHORE -  The Punjab government has agreed with the World Bank to withdraw its annual practice of wheat procurement by 2021, reducing the strategic grain reserves to just 1 million metric tons in next four years, it was learnt. Under the programme of ‘Strengthening Markets for ...

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  • LAHORE -  The PIAF-Founder alliance has swept the first phase of Lahore Chamber of Commerce and Industry’s (LCCI) election as its all candidates of corporate class seats have been elected unopposed and no nomination papers were submitted by the rival group of Lahore Businessmen ...

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  • LAHORE - The Lahore Electric Supply Company (Lesco) has intensified power loadshedding for industrial as well as domestic consumers to more than eight hours as the shortfall has crossed 4,000MW after the newly-built 1180MW Bhikki power plant has stopped power generation. Industry sources rejected ...

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  • LAHORE - In spite of huge stock in the country, the rates of sugar in wholesale market have increased by around Rs500 per 50kg to Rs5,500 during the last one week due to limited sugar supply from the mills. As a result, the prices in retail market have jumped by Rs5 to Rs60 per kg from earlier rate ...

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  • LAHORE - Around 450 Pakistanis, including former Prime Minister Nawaz Sharif and his family members, were named in the Panama Papers leaks as holding and operating offshore companies, allegedly with the money collected through tax evasion, but only Sharif family was picked up for judicial scrutiny, ...

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  • LAHORE - As trade deficit of the country has reached all-time high of $30 billion for the first time in the history of Pakistan in the last fiscal year, the Pakistan Poultry Association has proposed the government to allow at least 50 percent freight subsidy on air as well as sea freight cost ...

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  • LAHORE - Rejecting any apprehension of negative or positive impact on economy, the business community has welcomed the Supreme Court’s final verdict to disqualify the Pakistan elected Prime Minister Nawaz Sharif in Panama case, observing the decision will give political and economic stability ...

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  • LAHORE -  The gross public debt of the country has reached Rs20.9 trillion, with an addition of Rs1.2 trillion in third quarter (July-March) of FY17. More than 90 percent of the rise in public debt came from domestic borrowing, while increase in external debt remained moderate on account of ...

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  • LAHORE -  The world’s satellite industry revenues have posted average annual growth of 9 percent while total industry revenues have reached $177.3 billion. This was stated by the speakers during a technical lecture organised by the Pakistan Engineering Congress on ‘Satellite ...

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  • LAHORE -  The Joint Investigation Team, in its final report submitted to the Supreme Court, has observed that limited tax record of Finance Minister lshaq Dar is available with FBR, as his Income Tax returns are missing from 1981/82 till 1985/86, not filing tax returns for a period of almost ...

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  • LAHORE - The wealth of Mian Sharif multiplied by more than 4 times during 1992/93 from Rs 7.53 million to Rs 32.15 million when his son Nawaz Sharif was ruling the country, but sources were not available to determine the inflow of this income whereas there was no drastic decline in his assets ...

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  • LAHORE -  The federal government has removed National Transmission and Dispatch Company (NTDC) Managing Director Dr Fiaz Ahmad Chaudhry for failing to complete projects related to CPEC on time. The NTDC Board of Directors, while adopting procedure under Companies Act 2017 under sections 190(1) ...

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  • LAHORE - The National Tariff Commission (NTC) in Pakistan has decided to impose a definitive anti-dumping duty of 24.04 percent on steel products imported from China for a period of five years effective from Thursday (June 22) to protect local industry from products’ overcapacity. This ...

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  • LAHORE -  The business associations, chambers, industrial bodies and experts have unanimously opposed the government plan of disbanding the Engineering Development Board (EDB) and termed it an unjustified decision, as the development and growth of whole auto parts vending industry’s ...

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  • LAHORE - Around two weeks after the announcement of enhanced Federal Excise Duty (FED) by 25 percent in the budget for next fiscal year, the cement prices have been increased by Rs10-20 to Rs540-550 per 50kg bag though the official implementation of duty will start from July 01. The prices of ...

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  • LAHORE - With the mercury touching almost 45 degrees Celsius, the ghost of unscheduled power outages, tripping and low voltage continued to haunt the consumers in the holy month despite achieving record electricity generation of around 19,000MW for the first time in the history. Though announced ...

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  • LAHORE -  Uptake of cement in domestic market accelerated to 10.90 percent in May 2017 while exports continue to mar the performance of the cement sector registering a decline of 44.58 percent in May 2017, the fourth massive decline in exports which declined by 45.69 percent in February, 60.39 ...

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