` Saturday, June 28, news 2014 updates Office # 05, Ground Floor, Arshad Mansion, Near Chowk A.G Office, Nabha Road Lahore. Ph. 042-37350473 Cell # 0300-8848226 NEWS OF Mail to: [email protected], [email protected] THE DAY PLP NEWS ALERTS EMAIL No. 150-2014 NEWS HEADLINES Top Stories ................................................................................................................................................... 5 Military offensive against terrorists: Prime Minister explains to IDPs enormity of challenge ..................... 5 Desperate politics: Imran issues 'tsunami march' ultimatum ...................................................................... 6 New Fifth Schedule: no duty concession on machinery import ................................................................... 7 Power generation machinery attracts five percent duty .............................................................................. 9 Power sector receivables hit Rs 520.18 billion mark .................................................................................. 10 Qadri's asset details made public ............................................................................................................... 11 US drones over Baghdad as Maliki battles for Tikrit ................................................................................... 12 EU signs 'historic' accords with Ukraine, Georgia, Moldova ....................................................................... 13 Broken rice: SBP allows export refinance ................................................................................................... 14 Funding for new viable uplift projects: Dar, Saudi Finance Minister hold talks ......................................... 15 Ministry decides to reconstitute PSO BoM: Summary sent to PM's office ................................................ 16 Selection of SOEs' heads: Rs 36 million spent on advertisement campaign .............................................. 16 IMF releases $555.9 million tranche ........................................................................................................... 17 SBP revises PRs for corporate commercial banking .................................................................................... 17 Saudi Arabian Airlines suspends flights to Peshawar ................................................................................. 18 Sri Lanka stops 'on-arrival visa' facility for Pakistanis ................................................................................. 18 Prime Minister sees great similarities of views with Indian counterpart ................................................... 18 Ruet body meeting today ........................................................................................................................... 19 Saudi Arabia to mark Ramazan from Sunday ............................................................................................. 19 US moves to phase out landmines .............................................................................................................. 19 Equities extend gains .................................................................................................................................. 20 LSE index marginally up by 4.6 points ......................................................................................................... 20 ISE index improves by 82.42 points ............................................................................................................ 21 BRIndex30 sheds 143.7 points .................................................................................................................... 22 Business and Economy: Pakistan ............................................................................................................. 23 Funding for new viable uplift projects: Dar, Saudi Finance Minister hold talks ......................................... 23 CDA unveils Rs 45.82 billion budget for 2014-15 ........................................................................................ 24 GSP Plus advantage: PIAF presents five-point facilitation agenda ............................................................. 25 Local industries seek effective NTC ............................................................................................................ 25 LCCI concerned over long bank holidays .................................................................................................... 26 Widespread unrest impending growth: LCCI urges political parties to set aside their differences ........... 26 KATI seeks latest arms for police ................................................................................................................ 28 BACK TO HEADLINES Page 2 PLP NEWS ALERTS EMAIL No. 150-2014 Four companies submit bids for acquisition of LPCL shares ....................................................................... 28 Selection of SOEs'' heads: Rs 36 million spent on advertisement campaign.............................................. 29 Draft of Sindh tourism policy finalised ........................................................................................................ 30 Activities at Karachi and Qasim ports ......................................................................................................... 30 Shipping Intelligence ................................................................................................................................... 32 Paapam pinpoints factors in affecting business severely ........................................................................... 35 Saudi Arabian Airlines suspends flights to Peshawar ................................................................................. 36 Rs 7.6 billion revenue earned: Nespak sets all-time high record of business acquisition .......................... 36 Company News: Pakistan ......................................................................................................................... 38 Rs 7.6 billion revenue earned: Nespak sets all-time high record of business acquisition .......................... 38 Business & Economy ................................................................................................................................. 39 Govt missions to make country an economic tiger: Sheikh Aftab .............................................................. 39 Completion of highways to boost economic activities: Minister ............................................................... 40 Cotton and Textiles: Pakistan .................................................................................................................. 42 PCGA rejects five percent GST on oil cake .................................................................................................. 42 Cotton market: rates further decline on slack business ............................................................................. 42 APTMA to launch internship programme ................................................................................................... 43 Garments, textile sectors: six working groups formed to increase exports: Shahbaz ................................ 44 PTEA urges government to introduce most modern technologies in all sectors ....................................... 44 Agriculture and Allied: Pakistan ............................................................................................................. 46 Essential kitchen items: sharp increase in prices witnessed ahead of Ramazan ........................................ 46 Fishermen threaten to go on indefinite strike ............................................................................................ 47 Daily trading report of PMEX ...................................................................................................................... 47 Irsa constitutes committee to monitor outflows ........................................................................................ 48 Taxation: Pakistan .................................................................................................................................... 49 29 officers of Inland Revenue Service promoted........................................................................................ 49 125 multinational businesses: FBR fails to recover Rs 29.588 billion FED .................................................. 49 Setting up industries in Fata: Zero percent duty to be applicable on machinery import ........................... 50 Taxation: World ......................................................................................................................................... 52 China to stop collection of 'unauthorised' fees from companies ............................................................... 52 Japan tax hike boosts inflation, hurts spending .......................................................................................... 52 Russian lawmakers approve bill allowing compliance with US tax law ...................................................... 53 Fuel and Energy: Pakistan ....................................................................................................................... 55 Power sector receivables hit Rs 520.18 billion mark .................................................................................. 55 Ministry decides to reconstitute PSO BoM: