Salman Abduhu

  • 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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  • LAHORE -  The Punjab government has presented its fifth budget with major focus on infrastructure development, education, health and social sector. The Rs1.97 trillion total outlay of Budget 2017-18 is 17 percent larger than last year’s total outlay of Rs1.68 trillion. Presenting the ...

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  • LAHORE -  The Punjab government has reduced rate of General Sales Tax (GST) on construction services to 5 percent from 16 percent fixed in 2016-17, also removing registration fee for new firms in the provincial finance bill 2017-18. The government, in the new finance bill, has announced ...

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  • LAHORE - The PML-N government in Punjab is presenting its last budget for the fiscal year 2017-18 today (Friday) with expected total outlay of Rs2.13 trillion against the last year’s outlay of Rs1.68 trillion. Punjab Finance Minister Dr Ayesha Ghous Pasha will present the budget. The next ...

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  • LAHORE - Residents of a part of provincial metropolis are living without electricity for the last three days due to fault in transformer of their area. The residents of Lesco sub division Nawankot, Gulshan-e-Ravi, Nonarian, Toba Masjid, street no 5 and 6 and New Shalimar Colony have been suffering ...

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  • LAHORE - The prolonged scheduled as well as unscheduled power outages have been hitting most parts of Punjab where up to 12 hours loadshedding continued in urban areas of big cities with no electricity in small cities, especially in rural areas. The residents of small cities particularly of ...

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  • LAHORE - The business community on Friday came up with mixed response to the federal budget for 2017-18, some saying the budget will promote unemployment, as no incentive has been announced for industry while some of the view is that the budget is an agenda for economic revival, resolving energy ...

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  • 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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