Salman Abduhu

  • TLAHORE  -  The local industrial sector has pleaded the government to withdraw increase in gas price as it will make locally produced products uncompetitive in local and global markets and will lead to thousands of jobs losses. All Pakistan Ceramic Tiles Manufacturers Association (APCTMA) ...

    Read More
  • TLAHORE - Hundreds of so-called foreign companies, which had entered into joint ventures with Pakistani firms and their owners became ‘resident persons’, have been continuing to evade tax for the last seven years, inflicting more than Rs300 billion annual loss to national ...

    Read More
  • TLAHORE - More than 600 containers of Pakistani rice have been stuck up at Kenyan ports by Kenyan Customs Authorities for the last several weeks due to the issue of Phytosanitary protocols. The Rice Exporters Association of Pakistan Chairman Ch Samee Ullah Naeem told The Nation that shipments ...

    Read More
  • TLahore - Exports were the saving grace for Pakistan’s cement industry in August as the domestic consumption plummeted by massive 13.73 percent which in fact was the first such decline in consumption in last three years. According to statistics issued here on Wednesday by APCMA, the ...

    Read More
  • TLAHORE - The business community on Sunday demanded the new government to immediately focus on major economic issues, especially enhancing exports. Businessmen representatives also called for formulating as well as implementing an effective industrial policy with major focus on lowering cost of ...

    Read More
  • TLAHORE  -  The industry collected a total of about 8 million hides and skins worth Rs6.54 billion during three days of Eidul Azha against last year’s collection worth approximately Rs8 billion, showing a significant drop in slaughtering of sacrificial animals. Industry experts said ...

    Read More
  • TLahore - The market share of Huawei in Pakistan has reached 22.2 percent in second quarter of 2018 against 10.5 percent of corresponding period of 2017, showing a jump of 111.4 percent annually. This was stated by Huawei CBG, Middle East & Africa President   Gene Jiao while ...

    Read More
  • TLAHORE - Hundreds of containers of state of the art textile machinery worth hundreds of millions of rupees have been stuck up at Karachi Port, as the Federal Board of Revenue is using delaying tactics to issue the Sales Tax Exemption Notification though it has already been approved by the federal ...

    Read More
  • TLAHORE - The victory of Pakistan Tehreek Insaf (PTI) has also conveyed a good message in the money market along with stock market as the value of Pakistani rupee has increased by more than Rs5 against US dollar just in a couple of days after the announcement of polls results. The greenback crashed ...

    Read More
  • TLAHORE - The business community and economists have felicitated the Pakistan Tehreek-e-Insaf for getting victory in general election of 2018 and emerging as the single largest party in Pakistan. Saarc CCI vice president and UBG chairman Iftikhar Malik greeted Imran Khan, who is poised to become ...

    Read More
  • TLAHORE - The spending by the Election Commission of Pakistan on field offices in Punjab has increased by 300 percent over five years. The spending increased to Rs2.607 billion in 2018 against Rs643 million in 2013. According to data of Election Commission of Pakistan, these are the funds allocated ...

    Read More
  • TLAHORE - After closing last week on a positive note albeit flat WoW, KSE-100 index started off the week in negative territory as the market slipped below 40K level. The index fell 605 points during the day, ending the trading session at 39,666 level. In percentage terms, the market has declined by ...

    Read More
  • TISLAMABAD - The value of dollar surged to an all-time high of Rs128.26 in the interbank market on Monday that would unleash a new wave of inflation and increase the overall debt of the country. The value increased by Rs6.75 in interbank market in a single day while it surged by Rs4 taking the rate ...

    Read More
  • TLAHORE - Pakistan public and private sectors, including different departments and institutions, have announced donations for the constructions of Diamer Bhasha and Mohmand Dam. The donors said that nation has a proven track record for generously contributing towards welfare projects and this ...

    Read More
  • TLAHORE - Punjab caretaker government is facing a serious crunch of cash flow mainly due to less transfer of provincial NFC share by the federal government and shortfall in tax collection at local level by the Punjab Revenue Authority. "In view of this critical situation, it is anticipated by the ...

    Read More
  • TLAHORE  -  Pakistan Stock Exchange saw the sharpest decline of 1,219 points in ongoing calendar year (CY’18) on Wednesday as the KSE 100-index lost massive 1,219 points or 2.9 percent to close at 40,346 points. Major correction appeared in the market due to continuous foreign net ...

    Read More
  • TLAHORE -  The Punjab caretaker government on Tuesday approved Rs693 billion Budget for the period of four months under the Article 126 of the Constitution of the Islamic Republic of Pakistan. The Constitution authorises the Caretaker Cabinet to approve expenditure for up to the four months ...

    Read More
  • TLAHORE - The consumer price index (CPI) based inflation is expected to accelerate in ongoing month of June 2018 to 5.7 percent annually from 4.2 percent of May 2018 mainly due to Pakistani rupee devaluation and jump in petroleum products rates for the ongoing month. Experts said that June saw 15-60 ...

    Read More
  • TLAHORE - Majority of the traders' community is keeping itself aloof from the current politics, as they are not showing any affiliation with political parties. Businessmen as a community are not attaching themselves with political parties though at individual level they have their own liking ...

    Read More
  • TLAHORE - The sugar mills in the country have failed to make full payments to sugarcane growers on the orders of Supreme Court of Pakistan as more than 30 percent payments are still pending for the recently closed crushing year of 2017-18. On April 25, the Supreme Court of Pakistan had ordered ...

    Read More
  • TLAHORE - The Lahore Electric Supply Company, after the efforts of almost 36 hours or one and a half days, has managed to restore power supply, which was suspended due to high speed windstorm on Tuesday night, completely in its all eight circles, South, North, East, Central, Kasur, Okara, Nankana ...

    Read More
  • TLAHORE - The country is likely to face serious balance of payments problems due to depleting foreign exchange reserves and weakening local currency against the US dollar, which will force the new government to approach the international lenders, especially IMF, for financial assistance. Noted ...

    Read More
  • TLAHORE - The raw gypsum has become Pakistan’s most traded item with India through Wagah-Attari border, as more than 80 trucks, carrying gypsum of around 3,000 tons, out of total 167 truckloads are sent to India from Pakistan on daily basis. Other items that are exported by Pakistan to ...

    Read More
  • TLAHORE - Trade activities between Pakistan and India have slowed down in current fiscal year of 2017-18, as the bilateral trade between the two rival nations has dropped to $1.25 billion from $2.4 billion of five years ago in 2013. Sources in trade and industry said that Pakistan and India ...

    Read More
  • TLAHORE - The business community on Saturday rejected the State Bank of Pakistan's decision of increasing its policy rate by 50 basis points to 6.5 percent, lifting it to a level of three-year high. FPCCI’s former president and United Business Group chairman Iftikahr Malik said the ...

    Read More
  • TLAHORE - As Ramazan starts several outlets of the Utility Stores Cooperation are facing shortage of major eatables and other daily used items including sugar, flour and pulses, as the suppliers, including multinational companies, have halted supply due to non-payment by the government. Presently, ...

    Read More
  • TLAHORE - Continuing the old tradition of over-spending in non-development expenditures by around 9 percent this year, Finance Minister Ayesha Ghous Pasha Monday presented the supplementary budget amounting to Rs85.40 billion in the Punjab Assembly amid protest by the opposition. Monday’s ...

    Read More
  • TLAHORE - The 1,230MW Haveli Bahadur Shah (HBS) power plant is capable of meeting the electricity needs of around 2.5 million homes in the country. The plant, before the completion of its combined cycle operations, generated Rs16 billion electricity or around 1.7 billion units and dispatched it to ...

    Read More
  • TLAHORE - The Entertainer, having stores in major cities of Islamabad, Lahore and Karachi, plans to open up toy shops across Pakistan and establish a network of toy shops that offer the largest variety of toys and toy brands, quality, convenience and immaculate customer service by well-trained ...

    Read More
  • TLAHORE - The Punjab governor has summoned the session of the Punjab Assembly on Monday, 14 May 3pm to present the Supplementary Budget for the financial year 2017-18 worth over Rs155 billion. Gazette Notification to this effect has been issued by the Assembly Secretariat. Speaker Rana Muhammad ...

    Read More