Salman Abduhu

  • 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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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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, ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • 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 ...

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  • TLAHORE - In encouraging signs for Pakistan’s economy, the introduction of third tier tax slab on tobacco products and cigarettes has remarkably helped boosting revenue collection, which could improve further provided that a thorough audit of tobacco sector is carried out with its extension to ...

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  • TLAHORE - The Punjab government is still indecisive and is in a state of wait-and-see about presenting the provincial budget for fiscal year 2018-19. Punjab Finance Minister Dr Ayesha Ghaus Pasha said last week that the Punjab government had decided that it would not table budget for the fiscal year ...

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  • TLAHORE - The power shortage is back again due to rising temperature but the officials believe that the present electricity shortfall of over 6500 megawatts, which is not due to low generation capacity, is temporary and will be controlled before the start of the holy month of Ramazan. Power ...

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  • TLAHORE - The Federal Service Tribunal has reinstated the FBR Union central president who was dismissed from service along with several other union office-bearers around three years ago for union activities and raising voice against high officials’ corruption. More than 19 low cadre ...

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  • TLAHORE - The Rice Exporters Association of Pakistan (REAP) has asked the government to declare the rice sector as an industry and provide it all incentives in line with other five zero rated export sectors. The step to declare rice sector an industry would benefit with 30 percent higher ...

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  • TLAHORE/KARACHI/ISLAMABAD/RAWALPINDI - The federal budget for 2018-19 Friday evoked mixed reaction from businessmen, industrialists and economists and majority of them considered it a populist budget with a series of relief measures which might be amended by the next elected government. The ...

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  • TLAHORE - Contrary to the denial of government about any further depreciation of rupee the local currency has once again started falling against the US dollar, touching Rs118.80 versus dollar in the open currency market on Monday. The central bank has ruled out any possibility of a further ...

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  • TLAHORE - The despite having surplus power supply from the national grid the Lahore Electric Supply Company has been carrying out electricity shutdown of two to four hours in urban areas while rural areas are facing electricity loadshedding of more than six hours. The suburbs of Okara, Kasur, ...

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  • TLAHORE - The Pakistan Railways has reduced its losses to Rs 27 billion during the last almost five years as compared to Rs.32 billion loss in 2013 when the incumbent government took over, also having improvement in its revenue to Rs 40 billion, including Rs.1.3 billion expenditure spent on ...

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  • TLAHORE - A 16-member delegation of Rice Exporters Association of Pakistan (REAP) has left for Iran to explore trade and investment opportunities in general and enhance rice export to the neighbouring country in particular. The delegation, led by REAP chairman Ch Samee Ullah Naeem, will visit Tehran ...

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  • TLAHORE - Export driven growth is imperative for creating jobs, reducing current account deficit and attracting local and foreign direct investment. This was stated in budgetary proposals sent to the federal policy-makers for incorporation in the budget 2018-19 by the All Pakistan Textile Mills ...

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