Salman Abduhu

  • TLAHORE - Pakistan has potential of enhancing its exports to China by three hundred percent to the tune of $3.6 billion from the existing level of $1.2 billion in the current financial year by just securing zero-tariff access in renegotiation of the free trade agreement (FTA) second phase with China ...

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  • TLAHORE - All the cellular users, numbered in several millions, are forced to pay high off-net call costs in Pakistan as state-run telecom regulator is in a fix over reducing the Mobile Termination Rate (MTR) despite the lapse of over a year. Industry sources said that the Pakistan Telecommunication ...

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  • TLahore - With a view to optimal utilization of water and hydropower resources in the country, Water and Power Development Authority (WAPDA), which has succeeded to accomplish three power projects of around 2,500MW this year, is now working on another eight hydropower projects and water reservoirs ...

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  • TLAHORE - The Indus Motors Company on Tuesday announced to increase its various brands prices ranging from Rs50,000 to Rs175,000 for November and December deliveries and Rs100,000 to Rs350,000 for deliveries from January next year. This is the fourth raise in car prices by the company since December ...

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  • TLAHORE - The Pakistan Tehreek-e-Insaf-led new Punjab government yesterday presented its first budget with Rs2,026 billion outlay for the remaining eight months of the current fiscal year 2018-19 amid noisy protest and rumpus created by the opposition in the house. The budget laid emphasis on ...

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  • TISLAMABAD/LAHORE - The Pakistani rupee tumbled as much as 10 percent Tuesday against the dollar after the government’s decision to seek a bailout package from the International Monetary Fund to stem a balance of payments crisis. The US dollar touched historic high of Rs138 in open market on ...

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  • TLAHORE - The KSE-100 index of Pakistan Stock Exchange continued its downward trajectory on Monday, shedding 1,328 points to sink to 27-month low. Experts said that KSE 100-index registered largest single day loss of 3.4 percent after 15 months, where index closed below 38000-point level at 37,898 ...

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  • TLAHORE - The Mari gas field, which runs around 90 percent of the country's fertilizer plants, is going to deplete within 6-8 years. Engro Fertilizers Senior Vice President Asif Tajik said that the fertilizer industry would have to explore new feed gas options for producing urea, as its import ...

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  • TLAHORE - The Lahore Chamber of Commerce and Industry, on strong protest of its opposition group, has decided to bring down processing fee for Chinese visa. The LCCI new office-bearers, in their maiden meeting, have decided to cut down the service charges for the visa of China, but did not mention ...

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  • TLAHORE - The Pakistan Railways is seriously thinking to sell at least 10 commercial plots worth billions of rupees located in Lahore and Karachi to overcome around Rs40 billion deficit of the Railways as per the commitment of the new federal minister for railways Sheikh Rasheed ...

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  • TLAHORE - The PIAF-Founders Alliance Monday swept the first phase of Lahore Chamber of Commerce and Industry’s election by winning all the 7 seats of LCCI Corporate Class for year 2018-19 against Lahore Businessmen Front. Total 1423 votes were polled out of 3114 while 15 votes were rejected ...

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  • 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) ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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