` Friday, August 29, 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. 197-2014 NEWS HEADLINES Top Stories ................................................................................................................................................... 5 To parliament's chagrin, army mediates ...................................................................................................... 5 FIR registered against Prime Minister, CM, 19 others .................................................................................. 7 Criticality of situation leads to another Prime Minister-CoAS meeting in three days .................................. 8 Nawaz holds consultations with close aides ................................................................................................. 9 Government still seeking to resolve impasse through talks: Saad ............................................................... 9 Constitution Avenue: Supreme Court hints at invoking Article 190 ........................................................... 10 Shahbaz won't resign, insists Sanaullah ...................................................................................................... 11 Lodging FIR positive development: Khursheed........................................................................................... 11 PAT moves LHC for fresh elections ............................................................................................................. 11 Situation at Constitution Avenue: FBR unable to hold meetings with stakeholders .................................. 12 THE RUPEE: slight fall .................................................................................................................................. 12 Transmission line: NTDC allowed to raise Rs 17 billion from local banks ................................................... 14 US moves prisoners from Afghanistan to Pakistan, Yemen ........................................................................ 15 Pakistan receives $371.4 million under CSF ............................................................................................... 15 Date of filing returns extended ................................................................................................................... 16 EU removes ban on PIA cargo shipments ................................................................................................... 16 Army recovers Professor Ajmal................................................................................................................... 16 Two journalists among three killed in Quetta ............................................................................................ 17 Petition against Prime Minister dismissed ................................................................................................. 17 Afghan election result delayed again despite US pressure ........................................................................ 18 WEF unveils 'crowdsourcing' push on how to run the Web ....................................................................... 18 Modi pledges 75 million new bank accounts by 2015 ................................................................................ 19 Erdogan sworn in as Turkey president, opposition walks out .................................................................... 20 43 UN peacekeepers seized in Syrian Golan Heights: UN ........................................................................... 20 KSE continues retreat .................................................................................................................................. 21 LSE index declines by 39.49 points ............................................................................................................. 22 ISE index improves by 10.48 points ............................................................................................................ 23 Company News: Pakistan ......................................................................................................................... 24 Emerging middle-class brought TGIF back: Donald MacQueen, Regional Director of Asia Pacific ............ 24 SCB's profit before tax grows by Rs 7.3 billion in first half CY14 ................................................................ 27 Business and Economy: Pakistan ............................................................................................................. 28 Pakistan receives $371.4 million under CSF ............................................................................................... 28 BACK TO HEADLINES Page 2 PLP NEWS ALERTS EMAIL No. 197-2014 Forex reserves decline by $344 million ....................................................................................................... 28 Mauritius invites Pakistani businessmen .................................................................................................... 29 PDWP approves 31 projects worth Rs 16.929 billion ................................................................................. 29 'LCCI to enhance interaction with policymakers' ........................................................................................ 30 PTI, PAT sit-ins: Business community seeks participants to return successfully ........................................ 31 'Broghul festival to serve as milestone for uplift of Chitral' ....................................................................... 32 TDCP approves Punjab Youth Tourism Wing .............................................................................................. 33 Activity at Karachi and Qasim ports ............................................................................................................ 33 EU removes ban on PIA cargo shipments ................................................................................................... 34 Saudi Airlines resumes operation from Peshawar ...................................................................................... 35 PIA's pre-Hajj operation begins................................................................................................................... 35 EBM to support MAP Convention as founding partner .............................................................................. 36 Boeing, US embassy voice concern at likely withdrawal of contract ......................................................... 37 Taxation: Pakistan .................................................................................................................................... 39 Situation at Constitution Avenue: FBR unable to hold meetings with stakeholders .................................. 39 Tax evasion by fabric importers: Customs dillydallying to issue show-cause notices ................................ 39 54 Sindh Excise, Taxation inspectors promoted ......................................................................................... 40 Taxation: World ......................................................................................................................................... 42 Sweden election favourites eye more taxes on rich ................................................................................... 42 Cotton and Textiles: Pakistan .................................................................................................................. 44 Prices up slightly after fresh rains in Punjab ............................................................................................... 44 Low seed cotton arrivals increase lint prices .............................................................................................. 45 Agriculture and Allied: Pakistan ............................................................................................................. 47 September sowing: growers advised to select sugarcane variety .............................................................. 47 Daily trading report of PMEX ...................................................................................................................... 47 Steps discussed to enhance meat export ................................................................................................... 48 Chicken meat prices fall .............................................................................................................................. 48 Development of Mubarak Village: fishermen seek probe into closure of project ..................................... 49 Fuel and Energy: Pakistan ....................................................................................................................... 50 Transmission line: NTDC allowed to raise Rs 17 billion from local banks ................................................... 50 PPL reports EPS growth of 23 percent YoY ................................................................................................. 51 Rs 14 billion lost annually due to UfG losses, Senate body told ................................................................. 51 Prime Minister praises team 14 power projects approved by China ......................................................... 52 40 percent of power generation depends on imported RFO: Hubco chief ...............................................