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Sunday, July 20, 2008

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Govt to review power, gas tariff for textile industry

Online

ISLAMABAD: Federal Minister for Finance, Privatisation and Investment Syed Naveed Qamar assured that the government would review the latest power and gas related tariff applicable to textile industry's captive power plants.

AHAN struggling for poverty alleviation: SMEDA

Commerce Reporter

LAHORE: "Aik Hunar, Aik Nagar" (AHAN), has completed the targeted pilot projects in all provinces of Pakistan and these projects are rendering great service in reduction of poverty and unemployment in a number of the rural areas.

FPCCI warns of hunger strike

Commerce Reporter

LAHORE: Federation of Pakistan Chamber of Commerce and Industry Punjab Zonal Chairman Azhar Saeed Butt has demanded of the government to take steps for the revival of industry otherwise industrialists will have to go on hunger strike from next Friday.

SBP moot okays launch of crop loan insurance

Associated Press Pakistan

KARACHI: A meeting of State Bank of Pakistan's (SBP) task force on crop loan insurance framework Thursday agreed to launch crop loan insurance scheme for farmers throughout the country for coming Rabi crop season.

Agri sector faces acute shortage of water

Commerce Reporter

ISLAMABAD: Rising petroleum prices would affect the agriculture sector of the country as farmers are dependent on fuel to operate their tube-wells for getting water, which is the basic need for irrigation and growth of crops.

Cotton sown on 15,974 acres

Our Correspondent

TOBA TEK SINGH: Cotton had been sown on 15974 acres of land in the district during the current season and so far crop is in good condition, said Agriculture EDO Dr Mian Shafiq Muhammad here on Friday while addressing a meeting of field staff of his department.

SIMA raps monetary policy

Our Correspondent

SIALKOT: Surgical Instruments Manufacturers Association (SIMA) ex Chairman Ch Amjad Ali Cheema has strongly criticized the monetary policy of the State Bank of Pakistan (SBP) and said that SBP's monetary policy negates the international trade challenges due to which the exporters have been facing great difficulties while getting loans from the commercial banks in the country.

Cooperative Bank extends loan issuance date

Commerce Reporter

LAHORE: Punjab Provincial Cooperative Bank Ltd (PPCBL) has extended the date for issuance of loans for the Kharif 2008 crop to July 31, to facilitate member farmers of the cooperative societies.

Cabinet committee reviews PTCL management, employees row

Commerce Reporter

ISLAMABAD: The Cabinet Committee formed to resolve the row between the Pakistan Telecommunication Company Limited (PTCL) management and its employees held its maiden meeting here on Friday to discuss the recent countrywide protest against PTCL management.

FBR, ZIMRA reach agreement to avoid double taxation

Commerce Reporter

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday reached an agreement with Zimbabwe Revenue Authority (ZIMRA) for 'Avoidance of Double Taxation.'

AMZ announces dividend payout

Commerce Reporter

LAHORE: Board of Directors of AMZ Asset Management Limited, the management company of AMZ Plus Income Fund (APIF) in their meeting announced the dividend payout for APIF.

Haier encourages sales partners

Commerce Reporter

LAHORE: Haier has always encouraged and motivated its sales partners to build the long-lasting relation. In a same scenario, a delegation of regular and exclusive dealers from the south region visited the Haier Industrial Park.

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ShowBiz

Britney agrees to hand over kids to K-Fed

Sports

WP Club and Diya WFC Club players compete during a tie of the 1st Inter-club Women’s Football Championship 2008

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