Salman Abduhu

  • 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 ...

    READMORE
  • 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, ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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, ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • 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 ...

    READMORE
  • LAHORE-Amidst prolonged tension between Pakistan and India, SAARC Chamber of Commerce & Industry has decided to hold its 68th Executive Committee Meeting jointly in Amritsar and Lahore with a view to ease the nervousness and strengthen the sole aim of regional chamber to spread the peace and ...

    READMORE
  • LAHORE - In a bid to improve from the lowest rank of subscription amidst tough competition after merger of Mobilink and Warid, the Ufone has decided to upgrade its network, converting the whole provincial capital to 3G, with a new investment of millions of dollars. Ufone CEO Rainer Rathgeber said ...

    READMORE
  • LAHORE -  Despite availability of large vessels at Port Qasim, supply of imported LPG to market and to end consumer is being manipulated by few large companies, causing a hike in prices of liquefied petroleum gas at the whims of these dominant importers. LPG Association of Pakistan (PGALP), in ...

    READMORE
  • LAHORE - Despite a huge addition of 328 MMCFD gas in the system of SNGPL, residents of a large number of localities in the city on Wednesday kept on complaining of complete suspension of gas supply from the SNGPL and those who were getting supply criticised the utility for absolutely low ...

    READMORE
  • LAHORE -  The panic buying due to uncertainty following the Indian government’s currency demonetisation, continued to mount pressure on dollar buying as the US currency has crossed the figure of Rs108 just in a couple of weeks. The dollar was traded as high as Rs104.5 in the inter-bank ...

    READMORE
  • LAHORE - The gas supply remained suspended to major areas of the provincial capital yesterday mainly due to construction work of Orange line Train and continued rains on Sunday night. Overall Lahore region continued facing low gas pressure as the city faces shortfall of around 200 mmcfd gas as ...

    READMORE
  • LAHORE - The Punjab government has utilised almost 50 percent of its total Annual Development Programme (ADP) of Rs550 billion approved in the budget by the Punjab Assembly for 2016-17, as the provincial finance department has released around Rs282 billion for the implementation of over 6,000 ...

    READMORE